Bitfinex whales are now aggressively closing their $ETH shorts.

What do they know?

Regulatory sentiment toward crypto continues to evolve.

The CFTC has asked a federal court to vacate its 2022 settlement with Gemini, arguing that the case would not have been pursued under current enforcement standards. If approved, the move would remove the $5 million settlement and associated obligations.

Many see this as another example of the broader shift toward a more crypto-friendly regulatory environment in the United States.

#Gemini #BingX