Bitcoin to soar to $70,000 due to US Federal Reserve - Arthur Hayes

YouTube analyst Nicholas Merten has suggested that the crypto market may continue to experience a downward trend.

Mark Cuban, a billionaire, had $870,000 stolen from him by hackers.

The SEC is planning to disclose the information contained in the confidential documents it is using in its legal action against Binance.

The Holesky testnet was launched by the Ethereum team.

CryptoQuant is confident that Bitcoin has good growth potential, but the short-term outlook for BTC is not as optimistic.

Nicholas Merten, a well-known YouTube analyst, has suggested that the crypto market is likely to remain in a downward trend due to the reduced liquidity of stablecoins.

Arthur Hayes, co-founder of the BitMEX exchange, believes that Bitcoin could reach $70,000 as soon as the Federal Reserve reduces interest rates, which could happen as soon as March 2024.

The US Securities and Exchange Commission (SEC) filed a motion to make public the confidential documents included in the lawsuit against Binance, Binance.US and CEO Changpeng Zhao. SEC lawyers argued that the confidential materials in the Binance case are causing a significant delay in the trial and consideration of the regulator's claim.

Sherrod Brown, the Chairman of the US Banking Committee, has voiced his worries about the rise of fraud due to the lack of disclosure from cryptocurrency companies.

Mark Cuban, a billionaire, was the victim of a hacking attack. The hackers managed to gain access to his hot wallet and steal crypto assets worth $870,000. Cuban believes that the hackers had infected his computer with a virus and waited for him to log into his MetaMask wallet before they started withdrawing the cryptocurrency.

Bitfinex reported that investors pulled out a total of $55 billion from the crypto market in August, making it the worst month for Bitcoin since November 2022.

The ANZ banking group from Australia has successfully conducted a trial transaction of the A$DC, a stablecoin backed by the Australian dollar, through the Chainlink interconnect protocol.

Ripple Labs has unveiled Liquidity Hub, a new destination platform, to give crypto investors in Brazil and Australia a straightforward way to purchase, sell, and store digital assets.

Developers of Ethereum have unveiled the public test network Holesky, which will take the place of Goerli, which has been operational since 2019. This new network is intended to be used for the development of staking services, infrastructure, and protocols based on ETH.