With Fed Rate Hike Pause, Is the Tide Finally Turning?

The latest US CPI figures came in at 4% year-on-year, recording the lowest reading since March 2021. The crypto market liquidity dropped by close to 4% on Wednesday, signalling fatigue and the effects of SEC lawsuits against Binance and Coinbase last week. Binance.US's woes seem to be far from over. Although a US judge recently denied the SEC's request to freeze funds, this has not stopped market makers from fleeing the troubled exchange.