The recent decision by the US Supreme Court to overturn the Chevron doctrine has sparked discussions about the implications it may have on various regulatory bodies, particularly the SEC’s oversight of cryptocurrencies. Originating from the 1984 case of Chevron v. Natural Resources Defense Council, the doctrine established a framework for when federal courts should defer
T-Rex Group, a financial services company, has recently filed for a 2x leveraged MicroStrategy (MSTR) exchange-traded fund (ETF) in the United States. This move has generated a significant amount of interest in the financial world, as this new financial vehicle is anticipated to be one of the most volatile ETFs in the country. The objective
Bitcoin finds itself at a critical juncture after being rejected at $62,000, causing a clash of sentiment in the market. The bulls remain optimistic, but the bears have emerged, suggesting that the price might see further downside. Despite a 15% crash, crypto analyst DonAlt believes that the worst is yet to come. He predicts that
An analyst going by the name of ‘RamenPanda’ has made a bold prediction regarding the potential interest rate cuts by the U.S. central bank in September or November. According to the analyst, there will not be a sharp correction following these rate cuts. The analyst’s rationale for this prediction is based on historical data, particularly
Jesse Powell, the founder of Kraken, made headlines when he announced a $1 million donation, mainly in Ethereum, to support former US President Donald Trump’s re-election bid. Powell’s main reasoning behind this donation was to help the US maintain its leadership in blockchain technology. He emphasized the importance of supporting the only pro-crypto major party
As we approach the end of the week, the market is bracing for the expiry of around 107,000 Bitcoin options contracts, totaling a notional value of $6.6 billion. This end-of-month expiry event is significantly larger than the usual end-of-week expiries, signaling a possibility of increased market volatility. The put/call ratio for today’s BTC derivatives stands
Bitcoin experienced a rollercoaster ride in the past week, with its price soaring to over $62,000 only to retract back below that level. Starting the week above $64,000, the digital asset faced a significant dip as bears took charge and drove it down to $58,400 in a matter of hours. However, the bulls managed to
A new player has entered the collectibles space with the introduction of “Solo Leveling: Unlimited”, an NFT platform based on the South Korean web novel and webtoon, Solo Leveling. Developed by Singapore-based Web3 company OtherWorld, this platform aims to combine entertainment and blockchain technology on the Avalanche blockchain. One intriguing feature of “Solo Leveling: Unlimited”
Recently, Binance has made significant announcements regarding the implementation of stricter measures to combat account misuse on its platform. These measures include enhanced monitoring of all account activities to detect instances where certain features are being exploited to gain unfair advantages. The company has stated that it will suspend or terminate accounts found to be
With the upcoming approval of the first spot Ethereum ETFs in the United States, experts are projecting a substantial increase in the price of the second-largest cryptocurrency in the market. Discussions between asset managers and regulators are reportedly in the final stages, with the US Securities and Exchange Commission (SEC) potentially granting approval as early