The cryptocurrency market is set to release nearly $230 million in vested tokens this week, raising concerns of further market instability.
CFTC recently awarded over $1 million to a whistleblower who reported “improper trading” activities in the crypto market. The tip led to an enforcement action by the CFTC.
Several major banks, including JPMorgan Chase, Bank of America, and Wells Fargo, are under federal scrutiny for handling fraud and scams on Zelle, the instant payments platform.
Chief John Reed Stark, former SEC Internet Enforcement, has cautioned Morgan Stanley against offering spot Bitcoin ETFs to clients.
Charles Hoskinson, founder of Cardano, recently warned that supporting Kamala Harris in the upcoming presidential election would be detrimental to the US crypto industry.
Many analysts on Wall Street are predicting that the Federal Reserve might implement its first interest rate cut in September, based on the CME FedWatch tool.
Bitcoin is recovering from its recent losses earlier this week. Michael Saylor, executive chairman of MicroStrategy, shared his thoughts on Market Domination about the cryptocurrency’s recent movement and his bullish outlook.
Shytoshi Kusama, the lead developer of Shiba Inu, has recently reached out to the SHIB community to affirm its dominance over Dogecoin.
Nvidia CEO Jensen Huang has recently sold $49 million worth of NVDA shares, continuing a significant divestment trend.
Shiba Inu (SHIB), the second largest meme coin, experienced a significant dip on August 5, hitting a five-month low before rebounding a few days later.