BTC’s $118K Rally Wipes out $1B in Shorts, Canadian Woman Sues Over Sim-Swap Scam, and More — Week in Review
2025-07-13 16:01:05
Main Idea
Bitcoin's rally to $118K led to significant short liquidations, while a Canadian woman sued over a SIM-swap scam, and Indian crypto users faced an 18% GST as Bybit complied with tax regulations.
Key Points
1. Bitcoin surged to $118,000, triggering over $1 billion in short liquidations.
2. A Canadian woman sued after losing $1.3 million in Bitcoin due to a SIM-swap scam.
3. Indian crypto users were subjected to an 18% GST as Bybit partially withdrew services to comply with tax regulations.
4. BitMine's stock soared 700% in 24 hours following Tom Lee's appointment and an Ethereum treasury strategy.
5. Bitcoin ETFs saw $218 million in inflows, and Ether ETFs recorded record-breaking volumes.
Description
Bitcoin rally to $118K wipes out over $1 Billion in short bets, Canadian woman sues after $1.3M in bitcoin vanishes in SIM-swap scam, Indian crypto users slammed with 18% GST as Bybit complies with tax regulation, and more in this Week in Review. Week in Review Bitcoin surged to $118,000, triggering over $1 billion in
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