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Bitcoin Wakes Up as Treasury Blinks: Is the Nice Catch-Up Commerce Lastly Right here?
The speed of the move caught a heavily bearish market off guard. More than $4 billion in short crypto positions were liquidated, creating a powerful wave of forced buying as traders rushed to close losing bets. Bitcoin is sitting at $78,800, source: Brave New Coin This was not simply another leveraged crypto squeeze, however. Institutional…
Coinbase Investor Class Motion Can Transfer Ahead, Federal Decide Guidelines
A federal judge has allowed parts of an investor class-action lawsuit against Coinbase and certain executives to proceed, keeping allegations over risk disclosures alive in court. US District Judge Katherine Polk Failla ruled on August 20 that some claims could move into discovery. The court dismissed several claims but allowed allegations that Coinbase misled investors…
XAU Worth Evaluation: Gold Worth Stretches Rally as $4,886 Comes Into View
The market is now less appealing than it was during the breakout, as the three charts demonstrate, while the rally in gold has extended into the $4,650 range in the short-term. The common signal is bullish when the price is above the previous resistance level, the buyers react fast to a shallow price decline, and…
BitMEX Units Shut-Solely Danger Limits Forward Of September Wind-Down
BitMEX will move into strict risk-limit mode on August 26 as part of its planned exchange wind-down. Starting at 04:00 UTC, users will only be able to close or reduce existing positions. New positions will no longer be allowed. Trading services are scheduled to permanently cease on September 23 at 04:00 UTC, according to the…
Treasury Proposes Stablecoin Licensing Guidelines Beneath GENIUS Act
The US Treasury Department has proposed new licensing rules for payment stablecoin issuers under Section 3 of the GENIUS Act, opening another major comment period for digital asset regulation. The proposed rulemaking was issued on August 18 and published on August 21. Under the proposal, payment stablecoin issuers would need to obtain a federal or…