Top #crypto news stories of the week:🔥🔥

➡️1. **Tether Launches 'Synthetic' Dollar Backed by Tokenized Gold**
   - Tether, the issuer of the popular USDT stablecoin, has launched a new stablecoin that is pegged to the US dollar and backed by tokenized gold reserves. This move is aimed at providing a more stable and secure alternative to traditional stablecoins.

➡️2. **U.S. SEC's Crypto Chief David Hirsch Quits**
   - David Hirsch, the head of the U.S. Securities and Exchange Commission's (SEC) Crypto Assets and Cyber Unit, has resigned from his position. This development comes amid ongoing regulatory uncertainty surrounding the crypto industry.

➡️3. **Bitcoin Plunges to $65K, Altcoins Bleed 10%-20% as Week Turns Ugly**
   - The cryptocurrency market experienced a sharp sell-off, with Bitcoin dropping to $65,000 and many altcoins seeing losses of 10%-20%. This downturn comes after a period of strong gains for the market.

➡️4. **Bitcoin ETFs See $226M Outflows Led by Fidelity’s FBTC**
   - Bitcoin exchange-traded funds (ETFs) experienced significant outflows, totaling $226 million, with Fidelity's FBTC leading the way. This trend suggests that investors may be taking profits or rotating into other assets.

➡️5. **Crypto Exchange Gemini to Pay $50 Million in Settlement with NY Attorney General’s Office**
   - #Gemini, a popular cryptocurrency exchange, has agreed to pay $50 million to settle a lawsuit brought by the New York Attorney General's Office. The lawsuit alleged that Gemini had misled investors about the safety of its platform.

➡️6. **#MicroStrategy Increases Note Offering to $700M to Buy More Bitcoin**
   - MicroStrategy, the largest corporate holder of Bitcoin, has increased its convertible notes offering to raise more capital for further Bitcoin purchases. This move is seen as a vote of confidence in the long-term value of Bitcoin.

➡️7. **JPMorgan Reports that US-Listed Bitcoin Miners Hit a $22.8 Billion Market Cap**
   - According to a report by JPMorgan, the market capitalization of US-listed Bitcoin miners has reached $22.8 billion. This growth is driven by the increasing institutional adoption of Bitcoin and the rising price of the cryptocurrency.

➡️8. **#Binance 'Relieved' as Nigeria Drops Tax Charges Against Its Executives**
   - Binance, one of the world's largest cryptocurrency exchanges, has expressed relief after the Nigerian government dropped tax charges against its executives. This development is seen as a positive sign for the crypto industry in Nigeria.

➡️9. **In Uzbekistan, a Student Was Arrested for 10 Days for Selling 'Notcoin'**
   - A student in Uzbekistan was arrested for 10 days for selling a cryptocurrency called 'Notcoin'. This incident highlights the regulatory challenges facing the crypto industry in the country.

➡️10. **Trump Meets with Reps of Top Crypto Mining Companies**
    - Former President Donald Trump met with representatives of top cryptocurrency mining companies to discuss the industry's potential and challenges. This meeting is seen as a sign of growing interest in crypto among political leaders.
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