Bitcoin’s 50-Day Moving Average in Focus for Crypto Analysts After 11% Price Pullback

A break below the average would call into question the bull market’s strength, one analyst said.Source

First Mover Asia: Crypto Flat as Markets Await Tech Earnings

ALSO: Although Do Kwon is in a lot of trouble, his lawyers have raised a legitimate issue about crypto regulation in the U.S, and the SEC’s quest for unlimited jurisdiction over the asset class.Source

Coinbase Asks for Court to Force SEC Response to 2022 Rulemaking Petition

The filing is a preemptive move by the crypto exchange to argue that the SEC’s approach doesn’t provide sufficient regulatory guidance for U.S. crypto firms.Source

Decentralized Exchange GMX Connects to Chainlink’s Low-Latency Oracles Following Community Vote

Arbitrum-based decentralized exchange GMX will connect its platform to Chainlink’s low-latency pricing oracles following a unanimous governance vote.Source

Ethereum Shanghai Upgrade Brings Record Inflow of 572k ETH Staked in a Week

The influx into ETH staking was mainly driven by deposits from institutional staking platforms and reinvesting rewards, crypto analysts said.Source

As Twitter Ends Legacy Blue Checks, Bluesky Emerges as Decentralized Alternative

Twitter, a social network that once connected journalists, trusted public figures and Web3 natives, dropped its legacy verification program last week, leading some users to seek decentralized alternatives.Source

Ethereum Layer 2 Networks’ Total Value Locked Hovers at Near-Record High, Data Shows

TVL soared past $10 billion on the Ethereum blockchain earlier this month before dipping as crypto prices swooned. Arbitrum dominates the layer 2 scaling landscape by market share.Source

Crypto Exchange Binance Is Back in Russia, Lifts Restrictions on Russian Users: Report

Users in Russia report they once again can use locally issued Mastercard and Visa cards to deposit money on the crypto exchange more than a year following a wartime prohibition on such transactions.Source

Bitcoin Posts Biggest Weekly Loss in Five Months as Dollar Liquidity Declines, Debt Ceiling Fears Return

The cost of insuring against a potential U.S. government default in the next 12 months soared to record highs last week.Source

French Regulator Floats ‘Fast-Track’ Registration for Incumbents as MiCA Rules Bed in

EU countries are making the transition to a tough new crypto regime set by Brussels.Source