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Emerging reports surrounding the US Securities and Exchange Commission’s (SEC) potential classification of Ethereum (ETH) as a security didn’t take the crypto industry by surprise. The US SEC had been allegedly categorizing several top cryptos as “Security” by filing lawsuits. In this debate, Coinbase’s Chief Legal Officer shared his take on the nature of Ether.

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Binance’s decision to support the Bitcoin Cash network upgrade is part of its commitment to providing the best user experience for its customers. The cryptocurrency exchange aims to facilitate a smooth transition during the upgrade process by temporarily suspending deposit and withdrawal services to minimize potential disruptions for its users. Binance will handle all technical requirements related to the update on behalf of its users.
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Following the FOMC meeting, Bitcoin (BTC) gained 7.7% over the past 24 hours, reaching $67,700. Despite surpassing previous all-time highs, BTC fell by 7.2% over the past week, after outflows from spot Bitcoin ETFs and higher-than-expected inflation data pushed the price down to $61,000.
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