Bitcoin (BTC) price’s hard
pump over the last several days may be on its last legs. The charge higher seems under threat over Tuesday’s shocking development for BlackRock’s spot Bitcoin fund.
The crypto market witnessed a spectacular rally in the last 24 hours owing to one key piece of news – BlackRock’s spot Bitcoin ETF listing with the Depository Trust & Clearing Corporation (DTCC). However, as per the latest developments, it seems like the rally may not be able to sustain for long as the listing has been removed on Tuesday from the DTCC website.
Binance, the largest crypto exchange by volume, and its top executives responded to the lawsuit by the US Commodity Futures Trading Commission (CFTC) in a filing on Monday. The commodities regulator sued the exchange, CEO Changpeng "CZ" Zhao, and former Chief Compliance Officer Samuel Lim for legal violations in March.