The GOAT Daily Crypto News Roundup
GM, crypto fam ☕️
Woke up on the right side of the bed today? Or still, dreaming of riding Doge to the moon?
Either way, rub those sleepy eyes down that bitter brew and kickstart that miner for another action-packed week, crypto-charged day.
On the menu today: We’ve got a wild ride ahead, from Uncle Joe’s biting words to Hotbit’s swan song. Ready to roll?
Biden’s Bitter Bill: Crypto Unfriendly Territory
Today’s spotlight is on the White House, where President Biden has commented less than favorably about our favorite financial disruptor: crypto.
Crypto and the White House Woes
Biden left crypto enthusiasts in cold sweats in a first public mention at the G7 summit in Hiroshima.
No love notes here, just a stern word against tax evaders and crypto traders. Quite a blow.
Playing Tough in the Tax Terrain
Joe is raising the heat with his stance on crypto, calling out tax loopholes as he navigates the budget crisis. Could Uncle Joe be gearing up for a fight against crypto?
The Biden Effect on Bitcoin: Biden’s views are making waves, with his words potentially shaping the fate of US crypto traders.
Might we see a turbulent relationship brewing between Biden and Bitcoin? Time will tell…
Hotbit’s Final Curtain: End of a Crypto Era
Shifting gears, we turn to the unexpected adieus from one of the crypto world’s mainstays: Hotbit.
The Hotbit Goodbye
After a five-year run, Hotbit exchange has called it quits, halting all CEX operations and encouraging users to withdraw their assets. It’s a farewell tinged with a blend of regret and resolve.
The Fall and Rise of Centralization
Hotbit’s exit underlines the tectonic shift in crypto, with centralized institutions either succumbing to regulation or morphing into decentralized entities. Will this spark a new era for crypto? DeFi ftw!?
Hotbit’s Legacy and Losses: From listing emerging assets like SHIB, KSM, GRIN, to facing cyber attacks and exploitation, Hotbit’s journey has been an adventure.
Its closure marks an end to a significant chapter in the crypto saga.
As the inimitable Steve Jobs once said, “The people who are crazy enough to think they can change the world are the ones who do.”
HOTBIT, you dared to dream and to disrupt, and for that, we salute you!
Cheers to you!
Quick Bites: The Speedy Crypto Snippets 🔥
- White House warns of a stock market tumble if US defaults on its debt.
- Huobi Global faces a cease-and-desist order in Malaysia.
- Genesis parent DCG misses a whopping $630 million payment to Gemini.
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GOAT out ✌️
