Bitcoin corrects to $30,000 on Sunday, but still adds 15% for | CryptoCoin Post

Bitcoin corrects to $30,000 on Sunday, but still adds 15% for the week

The Fed tried to scare the markets with two more rate hikes this year, but so far have only achieved a small correction in the S&P 500.

Weekly Digest:

Financial firms Fidelity, Citadel Securities and Charles Schwab launched crypto exchange EDX Markets

Binance revoked its license in the UK

Belgium's financial regulator demanded that Binance immediately cease operations in the country

Investment firm Valkyrie has also applied for a spot bitcoin-ETF

Binance US resumed dollar withdrawals, but this is temporary and customers are asked to convert funds to USDT

The SEC approved the first leveraged futures bitcoin-ETF in the US. The maximum leverage is only 2x.

Bank of England unexpectedly raised rate by 0.5% at once to 5%

From February 1 to April 30 this year, the bankrupt exchange FTX spent $121.8 million on legal services

German Deutsche Bank applied to hold cryptocurrencies

OKX crypto exchange closes access to some of its products to Russians

U.S. authorities set up a task force to combat cryptocurrency crimes

Binance launched a subsidiary exchange in Kazakhstan

DeFi-project MakerDAO increased investment in US government debt to $1.2 billion

Ripple received approval in principle from Singapore's regulator to operate in the digital token space

The court sided with Coinbase in a case against a user. It doesn't address the SEC's lawsuit.

LUNA founder Do Kwon sentenced to four months in prison for document fraud in Montenegro

Cryptocurrency payment company Wyre announced closure due to cryptozyme

Courses:

Bitcoin - $30,390 (↓0.86%)
S&P 500 - $4,348 (↓0.77%)
gold - $1,919 (↑0.28%)
Oil Brent - $74.21 (↑0.03%)