This week in crypto saw several key events:
1. Bitcoin reached a record high of $93,000, partly fueled by Donald Trump’s win in the US election. 2. FTX filed a lawsuit against Binance for $1.76 billion, claiming the exchange and its former CEO, Changpeng “CZ” Zhao, were involved in a fraudulent transfer of funds.
3. BlackRock’s spot Bitcoin ETF hit $40 billion in net assets, surpassing the previous record held by iShares Core MSCI Emerging Markets ETF. 4. Investors withdrew their appeal in the Dogecoin lawsuit against Elon Musk, stating they couldn’t establish claims of securities fraud based solely on Musk’s public statements.
5. “Crypto Dad,” Christopher Giancarlo, denied rumors of him being considered to replace Gary Gensler as SEC chair. These events highlight the ongoing growth and developments in the crypto market, as well as the increasing attention it is receiving from regulators and investors.
