The Chinese stock market has been struggling recently, leading to concerns about its impact on global economic growth. Industrial output and the flow of credit in the region are weakening, and the Chinese government’s interventions may not be enough to fix the underlying structural problems.The Shanghai Shenzhen CSI 300 Index initially surged by 5.5% on […]
The U.S. Court of Appeals has recently made a decision that the SEC is not the ultimate arbiter of crypto. This means that the SEC does not have the final say in the matter, and that the U.S. court system and Congress can also offer legal interpretations. This is significant due to the recent statements […]
CryptoQuant, an on-chain data analytics provider, has recently explored the changes to Bitcoin (BTC) over the last year. According to their findings, the BTC reserves on non-US-based exchanges have increased while the same number has declined in US-based exchanges. This hints at the possibility of institutional buyers accumulating the leading crypto asset by market cap.CryptoQuant […]
The United States Court of Appeals for the District of Columbia Circuit (DC Circuit) has ruled in favor of Grayscale in its dispute with the SEC over its Bitcoin ETF proposal. The SEC had previously denied Grayscale’s Bitcoin ETF based on the view that the proposal was not “designed to prevent fraudulent and manipulative acts […]
Wall Street Memes (WSM) is a meme-based cryptocurrency project that is nearing the completion of its presale phase. The presale has already raised an impressive $25 million, with tokens priced at $0.0337 per token. The total supply of WSM tokens is limited to 2 billion, with 50% of the tokens being released during the presale, […]
Shares Bot, a Telegram-bot crypto, has seen a rapid climb on the price charts and has increased by 248% in the last 13 hours. This increase is paired with a high RSI, edging above the oversold zone, and a positive Moving Average Convergence/Divergence. All indicators say that the bullishness around this token is high.Shares Bot […]
Investors have continued to reduce their short positions on Bitcoin, despite the current negative sentiment. This is a sign that investors are still confident in the cryptocurrency, despite the current market conditions.The reduction in short positions is a sign that investors are still confident in the cryptocurrency, despite the current market conditions. This is a […]
The U.S. Securities and Exchange Commission (SEC) has requested a federal judge to allow documents to be filed under seal in its civil case against Binance, Binance.US, and Binance CEO Changpeng Zhao (CZ). According to former SEC official John Reed Stark, the request could hint at an ongoing criminal investigation by the U.S. Department of […]
Bitcoin (BTC) neared two-week highs on Aug. 29 as news hit that digital asset manager Grayscale had won a lawsuit against United States regulators. The ruling by the United States Court of Appeals for the District of Columbia Circuit stated that the U.S. Securities and Exchange Commission (SEC) was wrong to reject an application by […]
A US court has sided with Grayscale in its battle against the SEC, causing Bitcoin and the rest of the crypto market to surge. This volatility caused massive losses for over-leveraged traders, with liquidated short positions reaching $80 million within an hour.The court’s decision means that the SEC is now obligated to review Grayscale’s request […]
