The U.S. Commodity Futures Trading Commission (CFTC) is challenging a recent court decision that would allow prediction market platform Kalshi to offer contracts related to U.S. election outcomes. The ongoing legal battle has raised concerns about the integrity of election betting and the extent of the CFTC’s regulatory authority. Court Hearing Pits CFTC Against Kalshi The post CFTC Appeals Decision Favoring Kalshi On Election Betting Contracts appeared first on CoinGape .
COINOTAG news, September 20, reported that Terraform Labs has been granted court approval to conclude its bankruptcy proceedings following a settlement with the U.S. Securities and Exchange Commission (SEC). The
As the broader cryptocurrency market experiences notable gains following the Federal Reserve’s rate cuts, Bitcoin (BTC) has reached a price of $63,670 on Thursday, marking substantial bullish momentum since late August. This surge has sparked increased interest from both retail traders and institutional players, leading to diverse positioning within the market. Divergence In Trader Strategies According to a recent post on social media site X (formerly Twitter) by technical analyst InspoCrypto, the recent price action on the Binance BTC/USDT perpetual futures chart highlights a strong upward trend, with Bitcoin breaking key resistance levels around $60,000. Related Reading: Crypto Analyst Predicts Dogecoin Will Surge 1,000% Past ATH – Price Targets Revealed The volume accompanying this price rise remains robust, according to the analyst, indicating solid support for the ongoing bullish movement. InspoCrypto suggests that while the market is currently in a bullish phase with no immediate signs of reversal, potential resistance is anticipated around $64,000 to $65,000. Insights from Hyblock Capital’s heatmap, reveal significant differences in positioning between large traders (whales) and retail investors. The heatmaps show an increase in long positions among retail traders, particularly in the $62,500 to $63,500 range. In contrast, whales have been accumulating short positions below $60,000, suggesting a cautious sentiment among institutional players despite the short-term optimism among retail investors toward the largest cryptocurrency on the market. Bitcoin Faces Key Liquidation Levels At $60,000 And $64,000 InspoCrypto further highlights that open interest in the futures market has also been rising along with the Bitcoin price, especially in the $62,000 to $63,500 range, indicating growing confidence in the bullish trend. In addition, the current funding rate is positive, suggesting that long positions are prevalent and traders are willing to pay a premium to maintain those positions. However, the analyst cautions that a sustained high funding rate could lead to market corrections as traders rebalance their positions. Related Reading: Is This The End For Ethereum Or A Generational Opportunity? Volume remains a critical indicator of market strength, supporting the bullish rally as it surpasses the $63,000 mark. Notably, the volume delta is positive, indicating more buying pressure than selling. However, there are significant liquidation levels at $60,000 and $64,000, which could trigger volatility if the market tests these price points. Overall, InspoCrypto contends that sentiment in the market is moderately bullish, rated at 7 out of 10. While retail traders appear confident and are predominantly taking long positions, the accumulation of shorts by whales signals a potential cautionary stance. At the time of writing, the industry’s largest digital asset is trading at $63,300 for the first time since late August. This represents a 5% increase over the past 24 hours, coupled with gains of 8% and 12% over the past seven and fourteen days, respectively. Featured image from DALL-E, chart from TradingView.com
German authorities have dismantled 47 exchange services involved in facilitating anonymous crypto transactions for criminal activities. These platforms bypassed anti-money laundering protocols, enabling cybercriminals to exchange digital currencies without identity verification. The takedown follows a series of other operations targeting major cybercrime networks. With seized user and transaction data, authorities are set to pursue further
Trump Bull Market could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Trump Bull Market (TRUMBULL), a new Solana memecoin that was launched today, is poised to explode over 19,000% in price in the coming days. This is because TRUMBULL is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Trump Bull Market can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early
**Texas Court Dismisses ConsenSys Lawsuit Against SEC, Ethereum Investigation Concluded** In a significant development for the cryptocurrency landscape, a Texas court has dismissed the lawsuit filed by ConsenSys against the
COINOTAG news reported on Thursday evening, September 20, that a Texas court dismissed the lawsuit brought by Consensys against the U.S. Securities and Exchange Commission (SEC) and its Chairman, Gary
Coutts sees a potential end to the bear market for Bitcoin and cryptocurrencies. Increased liquidity and strong fundamentals may indicate a bullish trend ahead. Continue Reading: Jamie Coutts Forecasts a Bright Horizon for Bitcoin and Crypto Assets The post Jamie Coutts Forecasts a Bright Horizon for Bitcoin and Crypto Assets appeared first on COINTURK NEWS .
Jamie Dimon, CEO of JPMorgan Chase, shared his insights on the Federal Reserve’s rate cuts during a conference at Georgetown University’s Psaros Center for Financial Markets and Policy. Dimon minimized
Microsoft is set to introduce a new Xbox controller, the Ghost Cipher Special Edition, following a recent report by Dealabs. It is rumored that the controller will be launched on September 24 and will be available in the market from October 8. Retailing at $69. 99, the Ghost Cipher Special Edition will join the list