Bankman-Fried $250M bond is a ‘joke,’ claims securities lawyer.
Sam Bankman-Fried’s bail terms are “ludicrous,” said James Murphy, securities lawyer and founder of Ludlow Street Advisors. Murphy, former chairman and co-founder of law firm Murphy & McGonigle PC, said there was no real money used for Bankman-Fried’s bond, only the promise of it should he flee the country.
US cracks down on crypto industry with flurry of actions.
Cryptocurrency executives hoped that 2023 would herald a new beginning after a year of disastrous setbacks. Instead, the industry has found itself on the receiving end of an aggressive government crackdown, with many companies being targeted by the SEC.
OpenSea goes zero-fee.
Leading non-fungible token marketplace OpenSea said it is temporarily eliminating its marketplace fee, heating up the battle for market share with popular no-fee marketplace Blur.
BTC/USD dropped 0.4% in the last session.
The Bitcoin fell 0.4% against the Dollar in the last trading session. The RSI is giving a positive signal. Support is at 24242.3333 and resistance at 25048.3333.
The RSI is currently in positive territory.
ETH/USD fell 0.3% in the last session.
The last session saw Ethereum fall 0.3% against the Dollar. The Stochastic indicator is giving a positive signal. Support is at 1666.31 and resistance at 1721.381.
The Stochastic indicator is currently in positive territory.
XRP/USD dove 1.3% in the last session.
The Ripple-Dollar pair plummeted 1.3% in the last session. The Stochastic indicator is giving a positive signal. Support is at 0.3881 and resistance at 0.4005.
The Stochastic indicator is giving a positive signal.
LTC/USD dove 1.4% in the last session.
The Litecoin-Dollar pair plummeted 1.4% in the last session. The Ultimate Oscillator is giving a positive signal. Support is at 97.2533 and resistance at 103.0933.
The Ultimate Oscillator is giving a positive signal.
Daily Economic Calendar:
EMU Consumer Confidence
The Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity. The Eurozone’s Consumer Confidence will be released at 15:00 GMT, the Dutch Consumer Confidence Adj at 05:30 GMT, Finland’s Consumer Price Index at 06:00 GMT.
NL Consumer Confidence Adj
The Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity. A high level of consumer sentiment is bullish for the overall economy.
FI Consumer Price Index
The Consumer Price Index is a measure of price movements made by comparing the retail prices of a representative shopping basket of goods and services.
EMU Construction Output
The Construction Output report captures the output of the construction industry, in both the private and public sectors. The Eurozone’s Construction Output will be released at 10:00 GMT, the UK’s Rightmove House Price Index at 00:01 GMT, China’s PBoC Interest Rate Decision at 01:15 GMT.
UK Rightmove House Price Index
The Rightmove House Price Index provides a sample of residential property prices in the UK. It shows the strength of the UK housing market.
CN PBoC Interest Rate Decision
The PBoC Interest Rate Decision is announced by the People’s Bank of China. The interest rates are a key mechanism through which the central bank influences inflation.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
