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In a pivotal day for the cryptocurrency industry, Coinbase achieved a major legal victory as the U.S. Securities and Exchange Commission (SEC) dropped its lawsuit against the exchange. This development follows a similar outcome for Ripple, suggesting a potential shift in the regulatory landscape for American crypto companies. However, the day was marred by a significant security breach at Bybit, where hackers stole approximately $1.4 billion in Ethereum, marking it as one of the largest hacks in the industry's history. The contrasting news has left the market uncertain about its direction, oscillating between bullish and bearish sentiments.
Coinbase Victory vs ByBit Hackš„š¤¦āāļø w/@Tims_TA @InvestingBroz š WATCHšhttps://t.co/qBY694SFqh #Coinbase #Bybit $BTC $ETH $SOL $AVAX $MATIC $POL $XRP $DOGE #crypto https://t.co/ZBsgy3Rqqs
Crypto just delivered the best and worst news possible in a single day. ā Coinbase wins bigāSEC drops charges, a massive victory for U.S. crypto. ā Bybit gets drainedā$1.4 billion ETH hack, likely the biggest in history. The market has no idea how to react. Bullish? Bearish?ā¦
9am EST, SEC drops Coinbase lawsuit: WE'RE SO BACK! 11am EST, ByBit hacked for $1.4B: IT'S SO OVER! ...the cycle continues https://t.co/jnO3iVru2A
