Bitcoin rebounded after dropping to a three-month low of less than $25,500 on Tuesday following news that Coinbase had been sued by the SEC for violating federal securities law. The lawsuit also listed 13 tokens which could be deemed as securities, including Cardano’s ADA and Polygon’s MATIC, both of which are down 5% over the past 24 hours.

Glassnode, an on-chain analytics firm, has reported that despite the SEC's lawsuit against Binance and Coinbase resulting in volatile market moves and outflows, the magnitude of realized losses remains relatively low at $112 million. This suggests an increased degree of resilience among market participants.

According to AI analytics, June has historically been the worst-performing month for Bitcoin, with a potential drop to lows of $25,000. This could be due to several factors, including the end of the fiscal year for many companies and institutions, regulatory concerns, and market sentiment shifts.

HGE.ABC has issued a warning on Twitter stating that XverseApp has a design flaw, and users need to immediately transfer their Bitcoin, Ordinals, and BRC-20. According to reports, the seed phrase of XverseApp is stored in plaintext in the 00000*.log file on the HDD. This flaw could pose risks such as supply chain attacks, intrusion of PC by attackers, and third-party exploitation of vulnerabilities.

Despite Jim Cramer's warning to investors to withdraw from the cryptocurrency market, Bitcoin and other top cryptocurrencies have seen gains on the daily charts. Cramer drew parallels between the recent banking crisis and the crypto industry, calling cryptocurrencies "scams" and referring to crypto platforms as "poppycock."

Following the SEC's request to freeze Binance.US assets, on-chain data shows that customers are not overly concerned. Despite expectations of a large outpouring of assets such as Bitcoin from Binance.US and Binance.com, only around $100 million of Bitcoin was withdrawn yesterday, according to Glassnode.

Bitcoin (BTC) recovered all of its losses from the month of June and reached almost a new high of $27,388 on Bitstamp. The rebound began the day before and continued as markets shook off initial nerves from US legal action against Binance and Coinbase.

Ordinals is a protocol for numbering satoshis, which are the smallest unit of Bitcoin. Each satoshi is given a unique sequential number based on the time it was mined. Using the Ordinals protocol, individual sats can be tracked and transferred, and people can inscribe information on them.<br>F2Pool, a comprehensive Bitcoin and cryptocurrency mining pool, has launched an Ordinals auction for rare "satoshi" coins.<br>

Bitcoin and other cryptocurrencies have rebounded in price despite recent SEC actions against Binance and accusations of co-mingling assets. The CoinDesk Market Index has risen by 4.8%, driven by AI euphoria and gains among tech giants such as Nvidia, but institutional investors remain cautious about entering the crypto market due to regulatory concerns.

Illustrative souvenir tokens of Bitcoin are seen plunging into water in this image captured on May 17, 2022. As of 19:57 GMT on Tuesday, Bitcoin has gained 5.56% to reach $27,171, which is $1,432 more than its previous closing price. The world's largest and most well-known cryptocurrency has risen by 64.7% from its low of $16,496 on January 1. Meanwhile, Ether, the coin associated with the Ethereum blockchain network, has increased by 4.72% to $1,896.1, adding $85.4 to its previous closing price.