SEC Lawsuits Send Altcoins Plummeting and Shake Crypto Industry.

Binance's BNB token led the sell-off in the altcoin market, dropping 8% to a 6-month low as the SEC's lawsuits against Binance and Coinbase weighed on the market. BTC remained flat while Cardano's ADA, Polygon's MATIC, and Solana's SOL all nosedived between 6% and 8%. The SEC's inclusion of 13 altcoins in its filings potentially restricts U.S. investors' trading offerings. Surging bond yields globally also weighed on digital asset markets as central banks signal further liquidity tightening.