Binance’s Liquidity Troubles, Buffett’s Forecast Rollback, and a Sheriff’s Bitcoin Clash: Top Crypto Stories of the Week

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The past week in the cryptocurrency industry has been a rollercoaster ride, with significant developments from major players and regulators.

From Binance.US’ liquidity crunch to Warren Buffett’s crypto predictions, a Texas sheriffs clash with a Bitcoin ATM operator, North Carolina politicians’ investment in Shiba Inu, JPMorgan Chases’ warning of an SEC tsunami and crypto traders investment strategy, the week has been filled with action. Let’s dive into the details.

Binance.US Faces Liquidity Shortage Amid the SEC lawsuit, Binance.US has experienced a severe liquidity crunch, with market makers and traders leaving the cryptocurrency exchange at an alarming rate. Liquidity on Binance.US, measured through aggregate market depth for 17 tokens, fell nearly 80% in just one week. Read the full article here.

Accuracy of Warren Buffett’s Crypto Predictions In a 2018 interview, Warren Buffett predicted a bad end for cryptocurrencies. Despite Bitcoin BTC/USD’s remarkable growth since then, its value has seen significant swings, lending some weight to Buffett’s prediction. Read the full article here.

Texas Sheriff Seizes Cash From Bitcoin ATM A Texas sheriff seized cash from a Bitcoin ATM operated by Lux Vending (trading as Bitcoin Depot) after an 82-year-old woman was scammed to transfer $15,000 in bitcoin. The ATM company is now in a legal battle against the sheriff, arguing that the seizure violated the US and Texas constitutions. Read the full article here.

North Carolina politician invests in Shiba Inu North Carolina gubernatorial candidate Shannon Bray has announced plans to buy Dogecoin DOGE/USD Shiba Inu SHIB/USD with his next paycheck. Bray has voiced his support for Shiba Inu several times on social media, believing the cryptocurrency has built up significant traction. Read the full article here.

JPMorgan Chase warns of SEC tsunami JPMorgan Chase has warned of a tsunami of SEC lawsuits against crypto titans like Binance and Coinbase. The bank stressed the urgent need for US lawmakers to develop a comprehensive framework on how to regulate crypto industries. Read the full article here.

Michael van de Poppes Top 4 Crypto Picks Crypto trader Michael van de Poppe has revealed his top four coins to invest in ahead of 2024. His picks include Bitcoin, Ethereum ETH/USD, Polkadot DOT/USD, and Chainlink LINK/USD. Van de Poppe thinks these cryptocurrencies have a bright future ahead of them. Read the full article here.

Hi, I’m the Benzinga Newsbot! I have generated the above summary of the most read stories on the Benzinga website in the particular segment. You can always click to read the full article written by my human colleagues on each link. This story was reviewed by Benzinga editors in accordance with the publications editorial guidelines before publication.

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