📍Market Brief News on Monday - June 12 🔥🔥
+ BTC trades below $26,000, BTC.D breaks long term resistance, bad news for altcoins
+ Binance & Coinbase users net withdraw 2.35 billion USD & 1.8 billion USD respectively, nearly 1 week after the lawsuit from SEC
+ Hong Kong welcomes Coinbase and Crypto exchanges as the US increases the crackdown
+ Polygon Labs: MATIC not only serves the US market
+ a16z is about to open an office in the UK, still maintaining its commitment to invest heavily in the US market
+ ALGO & FLOW set new bottom when SEC labeled “security”
+ Stablecoin Regulatory Obstacles in Europe: Advanced economies favor regulation while emerging countries want more tightening
+ Cryptocurrency "unicorn" TaxBit cuts 40% of staff
+ Gensyn AI raised $43M Series A round led by a16Z