opinion

US SEC says crypto firms abused WellsNotice...to scare people

“The U.S. Securities and Exchange Commission (SEC) has been recklessly abusing wellsnotes (notices to potential litigants seeking clarification) against the crypto industry in recent months,” said Jake Chervinsky, chief legal officer at cryptocurrency specialist Variant, according to The Block. “The number of Wells Notices the SEC has sent to crypto companies in recent months is staggering, and the SEC is disproportionately taking enforcement actions against the crypto market compared to the stock market. The SEC is abusing the Wealth Notice purely to intimidate crypto companies.” Earlier, Robinhood Crypto, a cryptocurrency trading platform under the Robinhood umbrella, announced that it had received a Wealth Notice from the SEC on June 6 regarding its cryptocurrency listing, cryptocurrency custody, and platform operations.

Bitcoin has fallen sharply on diminished expectations of a rate cut by the US Federal Reserve

US stocks fell on speculation that the Fed will remain cautious about cutting interest rates. The Dow Jones Industrial Average closed at 396.61 points, or 1%, down from the previous trading day at 39,170.24. The S&P 500 was down 37.96 points, or 0.72%

blockchain crypto cryptocurrency btc hit 500K after halving (SpotedCrypto)

PlanB "BTC to hit $500,000 this halving...$500,000 possible in next halving"

"Bitcoin is likely to rise to $500,000 in the upcoming 2024-2028 halving cycle, and bitcoin could rise to $5 million in the next halving cycle, 2028-2032," Dutch analyst PlanB, who invented the Stock-to-Flow (S2F) model, a bitcoin price prediction model, told X, according to YT. "The

blockchain crypto cryptocurrency blackrock expect ratecut 2024 (Spoted Crypto)

BlackRock “expects two rate cuts this year, starting in September

BlackRock Chief Investment Officer Rick Ryder told CNBC that he expects two rate cuts this year, starting in September. The Fed's intense tightening has shaken consumer confidence among low-income earners. It will be difficult for the Fed to delay any longer,” he said. “If key economic data, including

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