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Altcoins are taking advantage of Bitcoin's brief pause to soar. In particular, meme coins and gaming coins are on the rise. The memecoin surge has seen the Solana (SOL)-based memecoin BONK surpass $2 billion in market capitalization. According to CoinMarketCap, BONK is currently trading up 28.18%

As the legal debate continues over whether sales of cryptocurrencies constitute securities, all eyes have been on a court case involving a Coinbase employee sharing insider information with his brother and a friend. While the main defendant, former Coinbase employee Ishan Wahi, and his brother have reached settlements with both

"The U.S. Securities and Exchange Commission (SEC) has opened an investigation into OpenAI and its CEO Sam Altman," the Wall Street Journal (WSJ) reported, citing sources. "The SEC is looking into whether Mr. Altman made misleading statements in communications with investors," the source said.

Bitcoin is in a fierce buying and selling battle at the $61K level. After touching 64K in the New York market, Bitcoin is facing a battle between chasing and profit-taking forces in Asia. As of 10 a.m. ET, Bitcoin was trading at $61,362 on CoinMarketCap, up 7.6%