Bitcoin

As you'd expect, the billionaire's being mischievous… and has posted a meme on the exact same site he's now refusing to take over.

Retail investors were more likely to describe cryptocurrencies as "all garbage" than professional investors.

And with criminals targeting Discord channels and crypto wallets on a daily basis, it isn't a threat that's going away anytime soon.

Also today — fresh misery for Celsius Network as a disgruntled former employee files a lawsuit with damning allegations.

The lawsuit accuses Celsius of leveraging deposits from customers to "manipulate cryptoasset markets" — and further putting funds at risk by failing to introduce "basic accounting controls."

All eyes will now be on Sunday's weekly close — and if Bitcoin secures gains of 13.5% or more, a new record for 2022 will have been set.

Tune in to today's CoinMarketRecap podcast with Connor Sephton for all the biggest crypto news stories in just seven minutes.

Also today... a British jeweler launches an unusual lawsuit after paying a $7.5 million Bitcoin ransom.

Also today, Jim Cramer is saying things are going to get worse for crypto. Does that mean the bottom is in?

Graff Diamonds paid millions of dollars to the Conti ransomware group — but is suing an insurer because it is refusing to cover the payout.

A hacker claims they've got their hands on 23TB of data — including the names and phone numbers of up to one billion Chinese citizens… as well as police and medical records.

Mirror Trading International has been charged with a $1.7 billion fraud — and it's claimed that the company misappropriated 29,000 BTC that was pooled from thousands of investors worldwide.

"We are deeply disappointed by and vehemently disagree with the SEC's decision to continue to deny spot Bitcoin ETFs from coming to the U.S. market."

There's also been a rather substantial fall in the number of addresses that currently hold more than $10 million worth of Bitcoin.

Data from BitcoinTreasuries.net shows that the value of MicroStrategy's Bitcoin now stands at $2.59 billion — a loss of close to $1.5 billion.

The company has been accused of failing to pay power consumption charges at a site in the U.S. — allegations it firmly denies.

CMC Research examines the impact and major players affected by a slew of margin calls and liquidations that has rocked an over-leveraged crypto ecosystem in recent weeks

CZ also suggested that some crypto enthusiasts have lost a sense of perspective… and have forgotten how far the market has come since 2018.