The crypto market is staring down its toughest headwind in months as the anticipation of Bitcoin (BTC) sell-offs from Mt. Gox and the German government begins to weigh heavily on investors’ minds. Some predict that market conditions may ease only when selling pressure from Mt. Gox and Germany subsides. #siamstr #Siamstr

During the past 24 hours, the German government’s Bitcoin address (BKA), sold 2,620 BTC for around $150 million. Although, it is unclear if the German government plans on selling all of their holdings. #siamstr

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Sony crypto exchange is set to launch soon with the acquisition of Amber Japan, diversifying its $100 billion portfolio. Sony’s commercial subsidiary, Sony Network Communications, collaborated with the Japanese blockchain startup Startale Labs in 2021 to develop Sony’s public blockchain network. #siamstr

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The U.S. Supreme Court has overturned a 40-year-old case that allowed federal regulators to enforce their interpretation of ambiguous laws. Without the so-called Chevron doctrine, the SEC could have a harder time pursuing an enforcement agenda in the near-vacuum of legal and regulatory clarity for the crypto industry. Meanwhile, the SEC has declared war on ETH staking, filing suit against Consensys, alleging that its MetaMask swaps and staking services violated U.S. securities laws. #siamstr

The US Supreme Court has limited the Securities and Exchange Commission’s (SEC) authority in enforcing securities laws. In a 6-3 decision, the court determined that the SEC’s use of in-house judges to adjudicate cases violates the constitutional right to a trial by jury #siamstr