With another volatile day in crypto, Bitcoin bears dominated the market for most of the day, with little signs of relief. While bulls were able to hold Bitcoin above the $58k mark, any breakout attempt is greeted with aggressive sell-offs.
As Telegram co-founder Pavel Durov got free from police custody to appear before the French court, Telegram-based TON blockchain stopped producing blocks for the second day in a row as the markets dropped all gains it made post Durov’s release. Even after this, TON’s latest memecoin DOGS pumped 19% in the day and remained the top gainer among the top 500 coins by market cap.
On the other hand, one of the largest NFT exchanges, OpenSea received a Wells notice from the US SEC yesterday for violating security laws, sparking negative comments from the industry.
