The recent decision by the US Supreme Court to overturn the Chevron doctrine has significant implications for the Securities and Exchange Commission (SEC) and its regulatory authority over the crypto industry. The Chevron doctrine, established in the 1984 case Chevron v. Natural Resources Defense Council, outlined a framework for federal courts to defer to agency
Impact
The prediction by analyst ‘RamenPanda’ suggests that there will be no sharp correction following any potential interest rate cuts by the U.S. central bank in September or November. This scenario is based on historical examples, such as in 2008 when the Fed cut rates during a financial crisis but the markets reacted poorly, leading to
This Friday, a significant amount of Bitcoin options contracts will reach their expiration date, totaling around 107,000 contracts with a notional value of $6.6 billion. This end-of-month expiry event is much larger than the usual end-of-week expiries, potentially leading to increased market volatility. The put/call ratio of these contracts is 0.5, indicating that twice as
Kraken founder Jesse Powell made headlines recently after donating $1 million, primarily in Ethereum, to support former US President Donald Trump’s re-election bid. Powell stated that the donation was intended to help the US maintain its leadership position in blockchain technology. His decision to support Trump, who has shown a more favorable stance towards crypto,
With the upcoming launch of the first Ethereum ETFs in the United States, industry experts are speculating about the potential impact on Ethereum’s price in the market. The US Securities and Exchange Commission (SEC) is expected to approve these ETFs by July 4, leading to discussions reaching their final stages. According to insider sources, the
Paradigm, a prominent firm in the blockchain ecosystem, recently raised concerns over the European Securities and Markets Authority’s (ESMA) proposed regulations under the Markets in Crypto Assets Regulation (MiCA). One of the key issues highlighted by Paradigm is the misinterpretation of Maximum Extractable Value (MEV) and the potential overreach of regulatory measures. ESMA categorized MEV
CleanSpark, a major player in the Bitcoin mining industry, recently made headlines with its acquisition of GRIID Infrastructure in a $155 million all-stock deal. This acquisition immediately added 20 megawatts (MW) of power to CleanSpark’s operations, with an additional 400 MW expected to be added in Tennessee over the next two years. The merger required
Recent events have shed light on the decline in Bitcoin’s price, with major sell-offs taking place, primarily instigated by governments such as Germany and the US. The German government’s sale of 2,786 BTC, valued at $140 million, and the US government’s transfer of 3,940 BTC to the Coinbase exchange, worth $241.22 million, have significantly impacted
The ongoing case between Ripple Labs and the United States Securities and Exchange Commission is currently in its trial phase. This stage of the lawsuit is typically where a resolution is expected, but the timeline for the conclusion remains uncertain. Recent developments have unfolded as of June 27th, shedding light on the progress of the
Nigeria’s Securities and Exchange Commission (SEC) has recently made a bold move by issuing a 30-day ultimatum for crypto exchanges and digital asset traders to re-register their businesses. They have warned of enforcement actions against non-compliance, signaling a stricter stance towards the rapidly growing crypto industry. The SEC announced the initiation of the Accelerated Regulatory