Bitcoin (BTC) and Ethereum (ETH) were little changed on Monday, but many crypto rallyers have fallen since last week. With macro news to come out this week, investors will look to Wednesday’s US inflation data for signals on the Federal Reserve’s next actions. Bitcoin has traded between $29,500 and $31,500 since breaking the $30,000 mark in June. “These levels could be important in the short term,” SEBA Bank said in a morning note. “With the US CPI forecast for this week, a breakout of either level could indicate a trend.” There was Avalanche’s AVAX which did well and Solana’s SOL which dropped 4% over the same time frame.
Coinbase (COIN) Admitted The U.S. Securities and Exchange Commission (SEC) argued in a new filing on Friday that federal securities laws may apply to the company’s listing several years ago. The agency responded to Coinbase filings alleging that the SEC did not have sufficient jurisdiction to sue. A month ago, the SEC accused Coinbase of listing at least 13 cryptocurrencies, unregistered securities, and operating as an unregistered broker, clearing house and exchange. In a court filing on Friday, the SEC said it would oppose any motion for judgment filed by Coinbase and quash the exchange’s allegations that the lawsuit violated its key question principle and other concerns. asked the court. “Coinbase, a multi-billion dollar company advised by sophisticated legal counsel, said it did not realize that its actions risked violating federal securities laws, and in 2021 Coinbase By approving the registration statement of the SEC, it implies that the SEC has affirmed the legality of Coinbase’s underlying business activities,” – then and always will be,” the SEC said in the filing. .
According to a study conducted by the Bank for International Settlements (BIS), about 15 retail central bank digital currencies (CBDC) could be in circulation around the world by the end of the century. The BIS, a Swiss-based institution owned by 63 central banks, which account for about 95% of the global economy, said nine central banks “could also issue CBDCs for wholesale in financial markets within the next six years.” is very high,” he said. . The study found that 93% of the 86 central banks surveyed by the BIS are currently undertaking CBDC operations, and major countries such as India, the United Kingdom and the European Union are all serious about issuing digital versions of their fiat currencies. They are considering it.
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