The section helps you read news #2:

Bitcoin Price Movements: Bitcoin's price currently stands around $56,700, showing a decline from its recent highs. This pullback is seen as part of a pre-halving retrace, which is a common pattern in Bitcoin's historical cycles​.

Altcoins Performance: Besides major coins like Bitcoin and Ethereum, other cryptocurrencies also faced downturns. For instance, Solana's significant drop by 11.6% was notable among major altcoins.

Crypto Scams and Regulatory News: Recent news highlighted a Cambodian firm linked to an $11 billion crypto scam and discussions between Biden's advisor and crypto leaders about the industry's future​​.

Emerging Trends: Despite the market downturn, some tokens like LayerZero and Solana-based WATER token saw significant price movements due to various factors, including social media influence and speculative trading​​.