This week brought a significant event as the largest cryptocurrency exchange settled a historic $4.3 billion in a U.S. legal case. The founder’s resignation, guilty plea, and a $50 million fine have stirred the crypto market, influencing how investors feel amidst growing regulatory pressure. Key digital currencies like Bitcoin (BTC) and Ethereum (ETH) saw modest increases of 2.11% and 1.88%, respectively, after expectations of a pause in interest rate hikes led to interest in riskier assets. Notable performances were seen in Litecoin (LTC) and Bitcoin Cash (BCH), rising by 3.36% and a significant 17.59%, respectively. However, challenges emerged in the broader market, with XRP experiencing a decline of -5.82%, a consequence of the BlackRock XRP ETF rumor causing significant long liquidations. Uniswap (UNI) also saw a noticeable decline of -6.36%.
