Key facts: The consumer confidence index fell to lower than expected levels. However, many analysts continue to show positive expectations for the economy. American consumer confidence has shown clear signs of deterioration in recent months, reflecting growing pessimism about the economy and the country’s financial future. According to “The Kobeissi Letter,” a financial analysis newsletter … Read more
This Friday, September 27, the US PCE will be published, something that could bring volatility to the markets, including bitcoin (BTC). The report will be released at 8:30 AM New York time (12:30 PM UTC time). The PCE (personal consumption expenditure price index) measures changes in the prices of goods and services consumed by households. … Read more
Gold prices hit a new all-time high (ATH) this week, breaking through the $2,660 per ounce barrier. Given that the precious metal is considered a safe haven asset, the price increase could signal that the market is anticipating an economic crisis. The ATH occurred after the The US Federal Reserve (Fed) will announce a reduction … Read more
Green United LLC, a company that offered mining equipment for its GREEN token to US residents, engaged in a fraudulent scheme, according to a lawsuit filed by the Securities and Exchange Commission (SEC) last year that has now found support in a court. In a Judgment issued on September 23Judge Ann Marie McIff Allen determined … Read more
SUI, the native cryptocurrency of the eponymous network, has seen a significant rise in price and is one of the best-performing digital assets in recent weeks. The bullish momentum is driven by an increase in the activity of its ecosystem and the implementation of a technological update. As reported by CriptoNoticias, Grayscale, a digital asset … Read more
Key facts: Tom Emmer calls Gensler “the most destructive chairman the SEC has ever had.” Patrick McHenry criticises the lack of clarity in regulations, and calls for precise definitions. As expected, the five commissioners of the US Securities and Exchange Commission (SEC) appeared before the House Financial Services Committee today. It was a hearing in … Read more
Bank of New York Mellon (BNY Mellon), the oldest bank in the United States, announced its plan to implement custody services for bitcoin (BTC) and ether (ETH), specifically for exchange-traded fund (ETF) investors. This development represents a milestone in the adoption of cryptocurrencies by traditional financial institutions. The BNY Mellon’s decision is based on a … Read more
The developer team behind bonk (BONK), a memecoin on the Solana network, has revealed plans to launch an exchange-traded product (ETP) in the United States. During an event called Solana Breakpoint, BONK’s main contributor Nom None, advancement“We are proud to announce that we are working with an incredible team to launch the first BONK-based ETP.” … Read more
Key facts: According to the congressmen, this regulation turns the capacity of cryptocurrency custody “upside down.” They criticise that the regulations were issued without consulting any of the prudential regulators. In a letter to Securities and Exchange Commission (SEC) Chairman Gary Gensler, a group of 42 Republican lawmakers, led by Patrick McHenry (R-NC) and Senator … Read more
Amid slowing growth and low investor confidence, the Central Bank of China (PBOC) announced the implementation of one of the largest stimulus packages since the start of the Covid pandemic in 2020. Unlike Western countries, its main objective is to counter deflation. As reported by PBOC Governor Pan Gongsheng, the goal is to bring annual … Read more