News: The crypto market experienced a significant bearish shock today with the SEC's rejection of the Winklevoss Bitcoin ETF proposal, leading to a sharp price decline. This regulatory setback, compounded by EU warnings on virtual currencies and AMD's announcement of the end of its crypto boom revenue, paints a negative short-term picture. However, positive developments include Coinbase clearing its Bitcoin Cash insider trading probe and the growing utility of dApps on Ethereum, suggesting underlying network strength. The overall sentiment is bearish due to regulatory headwinds, but underlying technological progress continues.

Market Probabilities: 
Bull 30% | Base 40% | Bear 30%

Recommendations: 
Short-term: SELL
Long-term: HOLD
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