SEC lawyers forced to resign over ‘gross abuse’ of power in crypto case, Shiba Inu raises $12M

This is another one of those days where Bitcoin price stagnation is not remotely indicative of how interesting the past 24 hours have been! On the Bitcoin front, Fidelity Digital Assets no longer considers it “cheap.” Still, we’re reminded that BTC’s major price gains are typically at the tail-end of a bull cycle, and we’re somewhere near the start. Bitcoin’s fees crashed back to earth after the halving, not that Peter Schiff noticed, as he again called Bitcoin a “failure.” Elsewhere, two SEC lawyers were allegedly forced to resign after a judge found a “gross abuse” of power by the agency in its case against Debt Box, and the SEC wants $5.3 billion from Terraform Labs and Do Kwon. Meanwhile, memecoin madness continues!Further reading:Bitcoin ‘no longer cheap’ — Fidelity revises medium-term outlook for BTCBitcoin Bollinger Bands hit level that saw BTC price squeeze past $50KBitcoin fees crash after record daily average of $128 on halving daySEC lawyers resign after ‘gross abuse’ of power in crypto case — ReportSEC seeks $5.3B judgment against Terraform Labs and Do Kwon12 Solana presale memecoins abandoned after just a monthShiba Inu memecoin raises $12M from institutional investorsSo, grab yourself a coffee, and let’s get into it!Rise’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.