The U.S. government, Binance, and Thai police teamed up to crack down on the "Pig Killing Plate" and seized $277 million from scammers. According to data from Santiment, Bitcoin sharks and whales consumed $1.17 billion in Bitcoin in one month. Traders are warning of a possible reversal in the Bitcoin market, citing historical precedent. Changpeng Zhao was not considered for a plea deal. Alex Mashinsky's criminal trial is set to begin in September 2024.