Poland advances strict crypto bill, sparking public backlash🚨
Poland’s Crypto-Asset Market Act awaits Senate review after Sejm approval, sparking a backlash over licensing, fines and potential prison terms for violations.
Polish lawmakers approved a bill regulating the crypto asset market, introducing key restrictions and establishing a dedicated supervisory authority.
Poland’s lower house of parliament, the Sejm, voted in favor of a Crypto-Asset Market Act on Friday, sending the bill to the Senate for consideration.
Read full article at https://cointelegraph.com/news/poland-parliament-passes-crypto-bill-criticism
Poland’s Crypto-Asset Market Act awaits Senate review after Sejm approval, sparking a backlash over licensing, fines and potential prison terms for violations.
Polish lawmakers approved a bill regulating the crypto asset market, introducing key restrictions and establishing a dedicated supervisory authority.
Poland’s lower house of parliament, the Sejm, voted in favor of a Crypto-Asset Market Act on Friday, sending the bill to the Senate for consideration.
Read full article at https://cointelegraph.com/news/poland-parliament-passes-crypto-bill-criticism
Cointelegraph
Poland Crypto Bill Passed: ‘Polish MiCA’ Triggers Backlash
Poland’s lower house of parliament voted in favor of the Crypto-Asset Market Act last Friday, sparking backlash over licensing, fines and potential prison terms for violations.
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Strategy acquires $22M in Bitcoin as BTC price dips below $110K🚨
Strategy’s latest $22.1 million Bitcoin purchase brings the company’s total Bitcoin holdings to 640,031 BTC, acquired for around $47.35 billion.
Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, added more of the cryptocurrency as the BTC price dropped below $110,000 last week.
Strategy acquired 196 Bitcoin for $22.1 million during the week ending Sunday, according to a US Securities and Exchange Commission filing on Monday.
Read full article at https://cointelegraph.com/news/strategy-buys-196-bitcoin-22-million-btc-dips-110k
Strategy’s latest $22.1 million Bitcoin purchase brings the company’s total Bitcoin holdings to 640,031 BTC, acquired for around $47.35 billion.
Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, added more of the cryptocurrency as the BTC price dropped below $110,000 last week.
Strategy acquired 196 Bitcoin for $22.1 million during the week ending Sunday, according to a US Securities and Exchange Commission filing on Monday.
Read full article at https://cointelegraph.com/news/strategy-buys-196-bitcoin-22-million-btc-dips-110k
Cointelegraph
Strategy adds $22M in Bitcoin, now holds more than 640K BTC
Strategy acquired 196 Bitcoin for $22.1 million last week as the BTC price dipped below $110,000 on Thursday.
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A ‘spooky’ Ethereum correlation suggests an imminent breakout🚨
Ethereum is moving in tandem with small-cap stocks, and analysts say both assets could rise together with four potential Fed rate cuts ahead.
Ethereum has been highly correlated with small-cap equities, which are very sensitive to interest rates, and analysts say both could move higher with more cuts on the horizon.
Analysts at macro investor outlet Milk Road said on Tuesday that there is an “almost spooky” correlation between Ether and the Russell 2000 Index, which comprises small-cap equities.
Read full article at https://cointelegraph.com/news/this-spooky-ethereum-correlation-suggests-breakout-is-imminent
Ethereum is moving in tandem with small-cap stocks, and analysts say both assets could rise together with four potential Fed rate cuts ahead.
Ethereum has been highly correlated with small-cap equities, which are very sensitive to interest rates, and analysts say both could move higher with more cuts on the horizon.
Analysts at macro investor outlet Milk Road said on Tuesday that there is an “almost spooky” correlation between Ether and the Russell 2000 Index, which comprises small-cap equities.
Read full article at https://cointelegraph.com/news/this-spooky-ethereum-correlation-suggests-breakout-is-imminent
Cointelegraph
A ‘spooky’ Ethereum correlation suggests an imminent breakout
Ethereum is closely following small-cap stocks, suggesting both could rise as the Fed prepares multiple rate cuts, analysts say.
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ACH/USDT 4H TF Possible move
(Not a Signal)
❗️Trade at your own risk❗️
ACH forming a possible descending broadening wedge pattern on 4hour time frame. A descending broadening wedge is bullish chart pattern (said to be a reversal pattern). It is formed by two diverging bullish lines. A descending broadening wedge is confirmed/valid if it has good oscillation between the two upward lines . The upper line is the resistance line; the lower line is the support line. See chart above for analysis.
(Not a Signal)
❗️Trade at your own risk❗️
ACH forming a possible descending broadening wedge pattern on 4hour time frame. A descending broadening wedge is bullish chart pattern (said to be a reversal pattern). It is formed by two diverging bullish lines. A descending broadening wedge is confirmed/valid if it has good oscillation between the two upward lines . The upper line is the resistance line; the lower line is the support line. See chart above for analysis.
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Major US labor union says Senate crypto bill lacks ‘meaningful safeguards’🚨
The AFL-CIO says the Senate’s crypto framework bill “provides the facade of regulation” that would expose workers’ retirement funds to risky assets.
The largest federation of trade unions in the US says it has “serious concerns” about the Senate’s draft bill to regulate crypto, claiming it lacks worker protections and poorly regulates the sector.
The American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) opposed the Responsible Financial Innovation Act (RFIA), arguing in a letter to the Senate Banking Committee on Tuesday that it would pose significant risks to workers and the financial system.
Read full article at https://cointelegraph.com/news/major-us-labor-union-raises-concerns-about-crypto-regulations-in-senate-bill
The AFL-CIO says the Senate’s crypto framework bill “provides the facade of regulation” that would expose workers’ retirement funds to risky assets.
The largest federation of trade unions in the US says it has “serious concerns” about the Senate’s draft bill to regulate crypto, claiming it lacks worker protections and poorly regulates the sector.
The American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) opposed the Responsible Financial Innovation Act (RFIA), arguing in a letter to the Senate Banking Committee on Tuesday that it would pose significant risks to workers and the financial system.
Read full article at https://cointelegraph.com/news/major-us-labor-union-raises-concerns-about-crypto-regulations-in-senate-bill
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TIA/USDT 1H TF Possible move
(Not a Signal)
❗️Trade at your own risk❗️
TIA forming a possible falling wedge pattern on 1hour timeframe. A falling wedge is a chart pattern formed by drawing two descending trend lines, one representing highs and one representing lows. It is categorized as a bullish reversal chart pattern. See chart above for analysis.
(Not a Signal)
❗️Trade at your own risk❗️
TIA forming a possible falling wedge pattern on 1hour timeframe. A falling wedge is a chart pattern formed by drawing two descending trend lines, one representing highs and one representing lows. It is categorized as a bullish reversal chart pattern. See chart above for analysis.
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BitMine stocks trade choppy after Kerrisdale short seller report🚨
Shares in BitMine Immersion Technologies managed to end a choppy day of trading at a slight gain after the crypto treasury company became the latest target of short seller Kerrisdale Capital.
Kerrisdale said in a report on Wednesday that Tom Lee’s BitMine is “chasing a model that is on its way to extinction,” as it took a short position on the company, a bet that its stock would fall.
Read full article at https://cointelegraph.com/news/bitmine-stock-choppy-kerrisdale-short-seller-report
Shares in BitMine Immersion Technologies managed to end a choppy day of trading at a slight gain after the crypto treasury company became the latest target of short seller Kerrisdale Capital.
Kerrisdale said in a report on Wednesday that Tom Lee’s BitMine is “chasing a model that is on its way to extinction,” as it took a short position on the company, a bet that its stock would fall.
Read full article at https://cointelegraph.com/news/bitmine-stock-choppy-kerrisdale-short-seller-report
Cointelegraph
BitMine stocks trade choppy after Kerrisdale short seller report
Shares in Ether treasury firm BitMine traded unevenly on Wednesday as short-seller Kerrisdale Capital criticized its ETH pivot.
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