Coinbase’s recent comment letter to the US Securities and Exchange Commission (SEC) highlighted several significant flaws in the agency’s cost-benefit analysis of the proposed rule. The letter, penned by Coinbase’s chief legal officer, Paul Grewal, argued that the SEC had failed to adequately assess the rule’s economic impact on efficiency, competition, and capital formation. One
Cryptocurrency analyst, Peter Brandt, recently brought attention to an inverted or expanding triangle pattern in Bitcoin (BTC), using classical charting principles to analyze its potential impact on the price trajectory. While his analysis provides valuable insights, it’s important to critically examine the implications of this pattern on Bitcoin’s future movements. The Pattern Formation Brandt’s analysis
Upland, a virtual property trading game, took a significant step forward with the recent addition of Paris to its Metaverse. This expansion opened up a whole new world for players, allowing them to own and develop virtual properties in one of the most iconic cities in the world. The Introduction of $SPARKLET Token Alongside the
The current market condition has left many new Bitcoin investors facing financial stress. Various metrics suggest a bearish environment, highlighting factors that may increase market volatility, selling pressure, and further price declines. According to a Bitfinex Alpha report, metrics such as the Short-Term Holder MVRV and the standard deviation (SD) of short-term holder Cost-Basis indicate
The liquidators of Three Arrows Capital (3AC) have recently taken legal action against TerraForm Labs, a bankrupt digital assets company co-founded by Do Kwon, in pursuit of a $1.3 billion lawsuit. The lawsuit stems from the allegations that TerraForm Labs manipulated the market for Luna and TerraUSD, resulting in artificially inflated prices for these tokens.
In a recent development, a US appeals court has made a significant ruling in a class-action lawsuit against Binance.US, the American subsidiary of the global Binance exchange. The court’s decision partially overturned the dismissal of the lawsuit, stating that the plaintiff, Ryan Cox, had valid claims against both Binance.US and CoinMarketCap for allegedly manipulating the
The Unioverse gaming platform has once again captured the attention of gamers with the launch of its latest game, Hoverdrome. This game promises to deliver an exciting and adrenaline-pumping experience that combines the best elements of popular titles like Mario Kart and Rocket League. Hoverdrome is more than just a typical game; it is a
The recent trading activities of Ethereum have highlighted a crucial point in its trading journey, as it forms a bearish triangle pattern. This pattern indicates a potential significant breakout, with the possibility of a sharp decline towards the $2,160 target. The detailed technical analysis of Ethereum’s price action emphasizes the importance of this bearish triangle
Democratic House Representative Ro Khanna has high hopes for the Biden administration to release a crypto regulation roadmap in the near future. Following discussions between the White House and industry leaders, Khanna expressed optimism about the potential for a positive statement with a roadmap towards reasonable regulation. He believes that these new regulations will not
The US spot Ethereum ETFs saw a significant inflow of $4.9 million on Monday. Notably, Grayscale Ethereum Trust (ETHE) did not experience any withdrawals, marking a notable shift since its conversion to an ETF after 14 days of outflows. This positive trend in inflows showcases a growing interest in Ethereum among US investors. Monday’s trading