Fed Meeting Looms: Will Dimon’s Bitcoin Criticism Affect Markets?

• JPMorgan CEO Jamie Dimon recently called Bitcoin a „hyped-up fraud“ and a „pet rock“ • Morgan Stanley CEO James Gorman believes that inflation has peaked and China has made a major economic pivot • Bank of America views central bank digital currencies (CBDCs) and stablecoins as a „natural evolution of today’s monetary and payment […]

SEC Charges Gemini and Genesis With Offering Unregistered Securities to Retailers

• The US Securities and Exchange Commission (SEC) has charged crypto exchange Gemini and crypto lender Genesis Global Capital, a subsidiary of Digital Currency Group (DCG), with offering unregistered securities to retail investors. • The SEC alleged that the companies raised billions of dollars’ worth of crypto assets from hundreds of thousands of investors through […]

Crypto Market Cap Surges: SHIB and ETC Hit Multi-Week Highs

• Shiba Inu (SHIB) surged to a six-week high on Friday, as the global cryptocurrency market cap surged. • Ethereum Classic (ETC) also moved higher, hitting a two-month high. • The bullish sentiment was reflected in the 14-day RSI, which moved past a ceiling of 68.00. Friday was a day of remarkable gains in the […]