Bitcoin’s price whipsawed following a disappointing US jobs data on Friday. In other news, Uniswap Labs settled charges from the CFTC over allegedly illegal leveraged and margined commodity trading, VanEck announced it will liquidate its ETH futures ETF, and the Fed issued a cease-and-desist order against crypto-friendly United Texas Bank.

Crypto markets whipsawed despite encouraging US inflation data last week. As of Q2’s end, Goldman Sachs and Morgan Stanley held significant positions in various Bitcoin ETFs, according to recent quarterly filings. Elsewhere, Binance settled its fine with India’s Financial Intelligence Unit, as it eyes a return to the Indian market.

Crypto markets are recovering from the recent sell-off. Meanwhile, the SEC vs. Ripple case ended with a $125 million fine. Collapsed lender Celsius is suing Tether for allegedly improper liquidation of 39,542 BTC. Brazil’s financial regulator approved a SOL spot ETF.

Bitcoin tumbled in tandem with equities on rising fears of a hard landing after weaker than expected US economic data. In other news, Morgan Stanley will allow its financial advisors to advise Bitcoin ETF investments starting this month.

Despite the strong debut of spot ETH ETFs, last week, ETH closed the week in the red.  BTC, on the other hand, rose after US Presidential candidate Donald Trump said he would create a Bitcoin stockpile if reelected. Senator Cynthia Lummis later announced a proposed bill for the US Treasury to buy 1 million BTC as a strategic reserve.

BTC surged above $67K following a massive global IT outage, Joe Biden ended his reelection bid on Sunday night, Indian exchange WazirX halted trading at it experienced a $230 million hack.

U.S. inflation cooled further in June, bolstering the case for a September rate cut. BTC traded above $62K in the early hours of Monday, up nearly 11% over the past seven days. The SEC dropped its investigation into Paxos and BUSD on Thursday, while a voteto overturn President Biden’s veto of the SEC’s SAB 121 failed to reach the required majority in the House.

Last week Bitcoin dropped below $54K for the first time since February as Mt Gox started repayments to creditors. In other news, stablecoin issuer Circle became MiCA-compliant and the German government has been selling BTC.