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Ahead of the pivotal ruling nearly 30,000 BTC, worth $822 million at the going market rate of $27,400, were moved to addresses tied to centralized exchanges, according to data tracked by analytics firm Santiment. The ruling led to a 6% surge in bitcoin prices pushing the top cryptocurrency to $28,000. Source
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Such sentiment was enough to trigger the steep fall. Bitcoin quickly tumbled some $1,000 to under $20,600 after touching a four-month high of about $21,550. Ether fell to $1,500 from over $1,600, with major tokens like XRP and cardano (ADA) following the brisk sliding. Original Source
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A proposed class-action lawsuit alleges that Yuga Labs “inappropriately induced” the community to buy Bored Ape Yacht Club non-fungible tokens (NFTs) and the project’s affiliated ApeCoin (APE) token.The proposed class-action driven by law firm Scott+Scott was published on July 21, claiming that Yuga Labs used celebrity promoters and endorsements to
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