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Major cryptocurrencies traded in the red on Wednesday evening as the Federal Open Market Committee (FOMC) meeting on June 14 unveiled a solid consensus among board members in favor of further interest rate hikes in 2023.CryptocurrencyGains +/-Price (Recorded 9:30 p.m. EDT)Bitcoin BTC/USD -1.31%$30,422Ethereum ETH/USD -1.85%$1905Dogecoin DOGE/USD -3.15%$0.066

What Happened: Based on economic projections from participants, it is widely agreed that there will be a need for continuous increases in the target federal funds rate throughout 2023.

BTC, after reaching a peak of over $31,000 in mid-June due to several spot bitcoin ETF filings, has shown resilience against potential price catalysts despite the renewed optimism among investors.

Top Gainer (24 Hour)CryptocurrencyGains +/-Price (Recorded 9:30 p.m. EDT)Solana+1.97%$19.59Filecoin+1.89%$4.66Bitcoin Cash+0.81%$279

At the time of writing, the global crypto market capitalization stood at $1.19 trillion, a decrease of 1.66% over the last day.

US stocks experienced a decline on Wednesday as the market returned from a shortened holiday week. The S&P 500 witnessed a 0.2% decrease, while the Nasdaq Composite slipped by 0.18%.

See More: Best Crypto Day Trading Strategies

Analyst Notes: According to crypto analyst Michael Van de Poppe, he suggests keeping an eye on the current area of Bitcoin as Altcoins are undergoing corrections and entering long territories. "Will see tomorrow and Friday [will be important] unemployment dates. If youd want to look for longs, this is the region, otherwise $28.5K," he said.

Pseudonymous analyst Dave the Wave said Bitcoins monthly moving average convergence divergence (MACD) indicator is showing a long-term bullish trend. "If the monthly MACD indicator suggested the top of the market at the end of 2021, which was then confirmed with subsequent price action, at a time when most were still in the throes of uber-bullishness, then doesn't this then add extra weight or veracity to the metric now suggesting (if not confirming) a recovery in price on its path back toward higher prices?"

For those unfamiliar, the MACD is a popular momentum indicator used by traders to spot potential trend reversals. Dave, relying on past experiences, claims that the MACD has proven to be a reliable indicator for Bitcoin in the past.

Another pseudonymous analyst TechDev said that Bitcoin is on the cusp of a significant surge comparable to historical cycles in 2016 and late 2020. To support his claim, TechDev shares a chart.

The chart indicates that BTC has successfully broken through a diagonal resistance, retraced to test a horizontal support level, and now appears poised for an upward momentum mirroring patterns seen in previous market cycles. "Bitcoin sure looks to be building a macro parabola. Question is whether this one will be steeper like late 2020, or shallower like early 2016," he said.

On-chain analytics firm, Santiment, has observed that despite the reduced interest levels, Solana may not be exhibiting the same industry-leading development activity that crypto traders enjoyed in 2021, reflected by the absence of $250+ price levels. However, it is noteworthy that over the past 3 weeks, SOL has experienced a 35% surge.

Read Next: Jim Cramer Advises Against Using Binance, Provokes Strong Reactions From Twitter Users

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Entertainment

Blake Lively and Justin Baldoni’s lawyers told to stop discussing cases

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Blake Lively and Justin Baldoni's lawyers told to stop discussing cases

A judge has warned Blake Lively and Justin Baldoni’s lawyers to stop publicly discussing their competing lawsuits.

Both actors – who co-starred in 2024’s It Ends With Us – have filed lawsuits against each other following an initial legal complaint from Lively.

The 37-year-old accused Baldoni of sexual harassment on the set of the film – and an alleged subsequent plan to damage her reputation.

Baldoni then sued Lively and her husband Ryan Reynolds, accusing them of hijacking both the production and marketing of the film, as well as allegedly attempting to smear him and others who worked on the production through false allegations.

New York district court judge Lewis J Liman has scheduled a trial date combining the two claims for March 2026 – but warned both parties on Monday that their comments to the media could impact their cases.

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Why is Blake Lively suing Justin Baldoni?

Lively’s lawyer Michael Gottlieb complained that Baldoni’s lawyer Bryan Freedman violated professional ethics rules for lawyers by accusing the actress of “bullying” in People magazine.

He told a hearing at Manhattan federal court that “it’s very hard to un-ring the bell” and argued such statements could taint a jury pool.

But Mr Freedman complained “this has not been a one-way street”, and claimed his comments to the magazine and on a podcast were a response to a New York Times article from 21 December that “completely devastated” Baldoni.

Judge Liman has now adopted a state rule barring most out-of-court statements that could affect a case’s outcome – with an exception to protect clients from prejudicial adverse publicity. Neither lawyer objected.

Lively’s legal team have previously accused Mr Freedman in a court filing of trying to influence potential jurors by creating a website to release selected documents and communications between her and Baldoni.

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In late December, Lively sued Baldoni, his production company Wayfarer Studios and others in New York for sexual harassment and attacks on her reputation, asking for unspecified damages.

Baldoni then filed his lawsuit in January, accusing Lively and her husband, Deadpool star and Wrexham FC co-owner Reynolds, of defamation and extortion. He is seeking at least $400m (£321m) in damages.

The actor also sued The New York Times newspaper for libel after it published allegations about him.

Lively starred in the 2005 film The Sisterhood Of The Traveling Pants before rising to fame in the TV series Gossip Girl from 2007 to 2012. She is also known for films including The Town and The Shallows.

Baldoni is known for the TV comedy series Jane The Virgin and for directing the 2019 film Five Feet Apart. He also wrote Man Enough – a book pushing back against traditional notions of masculinity.

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Politics

US Treasury sued for giving Elon Musk’s DOGE access to sensitive info

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US Treasury sued for giving Elon Musk’s DOGE access to sensitive info

The US Treasury was accused of unlawfully allowing Elon Musk and his government efficiency organization access to millions of Americans’ personal and financial data.

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Technology

China to launch probe into Google over alleged antitrust violations

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China to launch probe into Google over alleged antitrust violations

In this photo illustration, a Google logo is displayed on the screen of a smartphone. 

Sopa Images | Lightrocket | Getty Images

China said Tuesday it will launch an investigation into Google over alleged antitrust violations.

The country’s State Administration for Market Regulation said that it would initiate an investigation into the technology giant because of alleged violations of China’s anti-monopoly law, according to a Google translation of the official statement.

The statement followed closed on the heels of China announcing additional tariffs on select U.S. goods.

China’s finance ministry said it will levy tariffs of 15% on coal and liquified natural gas imports from the U.S., starting Feb. 10. It will also impose 10% higher duties on American crude oil, farm equipment and certain cars and trucks.

Google stopped its internet and search engine services in China in 2010, but continues some operations including helping Chinese businesses looking to advertise on Google platforms abroad.

The Google investigation could end without any penalties, Julian Evans Pritchard, head of China economics at Capital Economics said in a note.

Google is facing regulatory scrutiny in several countries including the U.S.

The company lost a lawsuit in August filed by the U.S government in 2020. It accused the firm of having a monopoly in the general search market by creating strong barriers to entry.

Following the ruling, the U.S. Department of Justice pushed in November for Google to divest its Chrome browser. The department also argued that Google should not be allowed to enter into exclusionary agreements with third parties such as Apple and Samsung.

Google is also currently being investigated by the U.K.’s Competition and Markets Authority over whether it has “strategic market status” under a new UK law.

— CNBC’s Anniek Bao, Ryan Browne and Jennifer Elias contributed to this report.

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