First Mover Americas: Bitcoin Sinks Below $58K in Run-Up to Fed Decision

Bitcoin's value dropped below $58,000, reaching its lowest since late February, amid broader market concerns influenced by U.S. economic conditions. This decline comes as the Federal Reserve prepares to announce its latest interest rate decision.

Binance founder Changpeng "CZ" Zhao received a four-month prison sentence for facilitating money laundering, a sentence lighter than expected due to his positive public image. Meanwhile, SEC Chair Gary Gensler faced accusations from Rep. Patrick McHenry of misleading Congress about the classification of Ethereum as a security.