Bitcoin price drops below $25,800: The price of Bitcoin has fallen below $26,200 , as investors continue to sell off risky assets amid rising inflation and interest rates.

Ethereum price also falls: The price of Ethereum has also fallen, dropping below $1596.

SEC rejects spot Bitcoin ETF application: The U.S. Securities and Exchange Commission (SEC) has rejected a spot Bitcoin ETF application from Grayscale Investments. This is the second time that the SEC has rejected a spot Bitcoin ETF application.

Coinbase to discontinue services in India: Coinbase, the largest cryptocurrency exchange in the United States, has announced that it will discontinue its services in India. This is due to the uncertainty surrounding the regulation of cryptocurrencies in India.

Binance.US CEO leaves company: Brian Shroder, the CEO of Binance.US, has left the company. This comes as Binance.US is facing regulatory scrutiny in the United States.