Markets

Michael Burry, one of the Tradfi banking industry’s most notorious bears, just put a $1.6 billion hit out on the U.S. stock market. What happens to bitcoin while the grownups are fighting? The Scion Capital founder, who famously shorted mortgage-backed securities before the 2007 housing crisis, just gave the stock market a $1.6 billion shove of puts in SPY and QQQ! Michael Burry Bets $1.6B on Stock Market Crash Steve Anderson writes at TipRanks: “Michael Burry made a name for...

Could the new BlackRock bitcoin-based exchange-traded fund (ETF) application help pave the way for a Coinbase and SEC settlement or relationship? According to some analysts, the answer is “yes.” Coinbase Could Be Successful Coinbase was recently listed as a custody provider in the application submitted by BlackRock. This, according to several industry experts, is a huge vote of confidence for the firm given Coinbase is currently under the scrutiny of the SEC,...

CoinspeakerCoinbase Secures Regulatory Approval for US Crypto Futures Trading  With the approval, Coinbase has become the first native crypto company to provide both derivatives and spot trading services directly to customers.  Coinbase Secures Regulatory Approval for US Crypto Futures Trading 

CoinspeakerDutch Economy Enters Recession amid Consecutive Contractions The Dutch economy, once a beacon of robust growth and stability, has hit a rough patch as it enters a recession following two consecutive quarters of contraction. Dutch Economy Enters Recession amid Consecutive Contractions

CoinspeakerA Political Initiative from Coinbase Features US Lawmaker with Ethics Violation Rep. David Schweikert, listed as a lawmaker with "very supportive" views on crypto in the United States, reached a settlement requiring him to pay $175,000 in connection to breaches of House ethics regulations. A Political Initiative from Coinbase Features US Lawmaker with Ethics Violation

CoinspeakerUK Inflation Sees Sharp Drop in July as Core and Services Show Mixed Trends While the easing of headline inflation is welcome news for consumers, experts are paying closer attention to the underlying trends.  UK Inflation Sees Sharp Drop in July as Core and Services Show Mixed Trends

CoinspeakerStocks Fall as Global Economic Worries Weigh on Wall Street US financial giants witnessed their shares slide as credit rating downgrades cast a shadow over the sector. Stocks Fall as Global Economic Worries Weigh on Wall Street

Tron price started a fresh decline below the $0.080 level against the US Dollar. TRX price is now trading below $0.0785 and the 55 simple moving average (4 hours). There is a key contracting triangle forming with resistance near $0.0775 on the 4-hour chart (data feed via Kraken). The pair could continue to move down if it breaks the $0.0750 support zone. TRON price started a fresh decline below the $0.0820 zone against the US Dollar, similar to Bitcoin. TRX price...

Bitcoin price started a fresh decline below the $29,600 level against the US Dollar. The price is now trading below $29,500 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $29,320 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could extend its decline toward the $28,650 and $28,000 levels. Bitcoin price is declining below $29,600 against the US Dollar. BTC might extend losses...

Binance filed a motion requesting a protective order against the US Securities and Exchange Commission (SEC), claiming the regulator is conducting a “fishing expedition” instead of seeking the narrow and “limited” discovery authorized by the Consent Order to ensure the security and availability of customer assets. The motion asserts that Binance has already provided the SEC with the necessary information. Binance Sees Protective Order Against SEC According to the filing,...