Crypto influencers, termed "Key Opinion Leaders" (KOLs), are investing in projects and promoting them on social media, which gives them early and sometimes undisclosed selling privileges, potentially misleading followers. .
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KBW predicts Robinhood might win in a potential legal battle with the SEC after receiving a Wells Notice due to its conservative approach in crypto listings. No changes expected in Robinhood’s U.S. operations, despite the SEC planning a lawsuit. Crypto accounts for 12% of Robinhood's revenue.
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Bitcoin drops to $63,300 amid regulatory pressure. Quick recovery rumors from Hong Kong ETFs fuel optimism, though crypto market shows mixed results. QCP Capital notes a bullish trend in BTC options.
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