Israel Strikes Back! A Major "Bang" Suddenly Reported in the US, Gold Spikes to $2315, Bitcoin Faces Strong Resistance at $64,000

Gold rebounded sharply, touching $2315, while Bitcoin faced strong resistance at $64,000. Amid fluctuations in the Middle East situation, Israel launched a counterattack on Hamas, carrying out airstrikes on the southern city of Rafah, resulting in 16 deaths. The largest US cryptocurrency exchange, Coinbase, faces a lawsuit alleging fraud against investors, with the suit claiming that various tokens are securities.

Israel Retaliates Against Hamas

According to "The Israel Times" (TOI), medical and emergency personnel in the Hamas-controlled Gaza Strip reported that an Israeli airstrike on the southern city of Rafah killed 16 people, just hours after Hamas rockets had killed three Israeli soldiers.

An official told AFP, "The number of martyrs in Rafah has reached 16," adding that seven members of one family and nine members of another were killed.

Medical sources reported that there were two airstrikes at different locations in the city.

US Coinbase Faces Lawsuit for Allegedly Deceiving Investors

Coinbase and its CEO, Brian Armstrong, are facing a new class action lawsuit, accused of deceiving investors into buying securities and claiming that the company's business model is illegal.

The lawsuit was filed in the Northern District of California, San Francisco Division, representing plaintiffs Gerardo Aceves, Thomas Fan, Edwin Martinez, Tiffany Smoot, Edouard Cordi, and Brett Maggard from California and Florida. It accuses Coinbase of knowingly selling digital assets in violation of national securities laws since the company's inception.

The lawsuit claims that tokens such as Solana, Polygon, Near, Decentraland, Algorand, Uniswap, Tezos, and Stellar Lumens are securities.

The complainants allege that Coinbase, in its user agreement, admits to being a "securities broker," selling digital asset securities as investment contracts or other securities on the exchange. They also claim that Coinbase Prime brokerage is a securities broker.

The plaintiffs are seeking rescission, statutory damages as prescribed by state law, and injunctive relief through a jury trial. This lawsuit is similar to another class action alleging that Coinbase's sale of securities harms consumer interests.

Coinbase argues that secondary sales of crypto assets do not meet the standards of securities transactions and questions the relevance of securities regulation.