Gary Gensler’s job at risk + A Bitcoin Whale Awakens

Hello there!

Welcome to another news roundup of all the need-to-know things that happened last week.

So, the top 100 cryptos were split evenly between bulls and bears in the last seven days. While BTC showed green, ETH painted red, and so on. It was quite colorful.

Bitcoin’s upshoot, though, may be related to the recent whale that became active after 13 years. Crazy, right?

Plus, we might finally get rid of good ol’ Gary 🙂

Anyway, let’s get into the main highlights from last week.

• US lawmakers file ‘SEC Stabilization Act’ to fire Gary Gensler
• FTX founder Sam Bankman-Fried now faces two criminal trials
• Binance to quit Netherlands after failing to acquire license
• Bitcoin Whale moves $1.2 million after 13 years of inactivity

US lawmakers file ‘SEC Stabilization Act’ to fire Gary Gensler

United States Representative Warren Davidson has introduced the “SEC Stabilization Act” into the House of Representatives. One of the bill’s main provisions is to fire Securities and Exchange Commission (SEC) Chair Gary Gensler. The bill would remove Gensler from office and redistribute power between the SEC chair and commissioners. Here’s the full story.

BlackRock Bitcoin ETF filing triggers wave of institutional interest

Some institutional investors are indicating a bullish sentiment toward Bitcoin in the wake of recent SEC enforcement actions. A survey of professional investors conducted by Nomura-backed “digital asset business” Laser Digital found 96% are “keen to invest in crypto.” Read the full story.

FTX founder Sam Bankman-Fried now faces two criminal trials

FTX founder Sam Bankman-Fried may face two criminal trials after a federal judge on Thursday granted a request by prosecutors to delay a trial on some of the charges until next year. Bankman-Fried faces trial in October on charges brought against him last year. Judge Lewis A. Kaplan in Manhattan set a March 11 trial date for him on newer charges filed earlier this year. Here’s the complete story.

Binance to quit Netherlands after failing to acquire license

Binance has suffered setbacks in two European markets after it announced plans to quit the Netherlands and came under investigation by French prosecutors. The world’s largest cryptocurrency exchange said it was leaving the Dutch market after it failed to obtain a license from the country’s central bank. Read the complete story.

Bitcoin Whale moves $1.2 million after 13 years of inactivity

A Bitcoin whale has sold 50 BTC, acquired in 2010 after 13 years of inactivity, making $1.2 million at present prices. According to blockchain data, the wallet address 13CFnFFn932HdxjP2sJYdijmcDPVvDVT2i received the coins in June 2010, leaving many digital asset enthusiasts wondering why the decision was made to transfer the assets 13 years later in June. Here’s the complete story.

Other highlights worth mentioning

• Bank of China issues $28M in digital structured notes on Ethereum blockchain – BitDegree
• North Korean hackers swipe over $100M from Atomic Wallet users – The Coin Republic
• Prediction of the week. Bitcoin price eases downside as traders demand $24.5K support holds – Cointelegraph
• Binance CEO Changpeng Zhao denies rumors of selling Bitcoin to bolster BNB – Crypto News

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• Source: https://insights.coinigy.com/gary-genslers-job-at-risk-a-bitcoin-whale-awakens/