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Bitcoin broke above the $31,000 level on Friday, continuing its mid-June surge and building on its recent gains fueled by the biggest Wall Street institutions’ filing applications for the first spot Bitcoin ETF in the U.S.
The Securities and Exchange Commission is continuing its target against the world of crypto, suing the world’s largest crypto exchange Binance and its billionaire founder, Changpeng Zhao on Monday by alleging the company commingled billions of user funds and diverted those assets to an entity “owned and controlled” by Zhao.
