CZ, Binance face new lawsuit, whale hacked for $55M, Base L2 thriving

Bitcoin’s stagnation might be partly due to a sharp decline in demand since April, according to data from CryptoQuant. A large part of this comes from the US-based spot Bitcoin ETFs, which were gobbling up sats at an absurd pace after they launched on Jan. 11 but have since slowed their BTC purchases — and that might be a good thing. Elsewhere, Binance and its former CEO Changpeng Zhao face a class-action lawsuit, a whale loses $55 million, and Solana struggles with declining network activity while Base goes from strength to strength. So, grab yourself and coffee, and let’s get into it!Further reading:Bitcoin demand sharply declining since April — CryptoQuantSpot Bitcoin ETFs maintain positive flows for 8 out of the last 10 daysCZ and Binance face new lawsuit for alleged laundering of stolen cryptoCrypto phishing attack drains $55M from whale’s walletSolana price hits a wall at $150 as several headwinds intensifyBase hits 4M active addresses amid ‘Onchain Summer’ campaignRise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn. Cointelegraph’s Twitter: @CointelegraphCointelegraph’s website: cointelegraph.comThe views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned.