Crypto Markets Experience Minor Setback as Major Coins Dip, While Select Tokens Buck the Trend

On Wednesday, the crypto market experienced a modest downturn, with a 1% decrease in its overall value across the board, as bitcoin and ethereum saw declines of 0.51% and 0.45%, respectively. Bitcoin momentarily reached the $53,000 mark the day prior, while ether soared past the $3,000 threshold on Tuesday, though both cryptocurrencies traded significantly lower […] Source CryptoX Portal

Win over Crypto markets with PrimeXBT’s Valentine’s Day bonus

This Valentine’s Day, PrimeXBT has an enticing new promotion for traders to take advantage of. The platform is offering new users up to $7,000 in bonus funds to bolster your Crypto trading bottom line. Redeeming the Valentine’s promo To get the 14% deposit bonus up to $7,000, traders just need to click here and follow the prompts. Then just make a minimum deposit of $500 or more between February 12th and 18th. It’s that easy to begin your love affair with Crypto trading. Fall in love with PrimeXBT features There…

Australian Judge, Brother of Hugh Jackman, Hands Split Decision in Market’s Regulator vs Block Earner

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Markets ‘Too Optimistic’ About Federal Reserve Interest-Rate Reductions in 2024: JPMorgan Asset Management

Expectations of lower rates became widespread as inflation receded in 2023 and the Fed hinted at a pivot to rate cuts at its December meeting. According to the Fed funds futures market, traders are anticipating 140 basis points of rate cuts this year, nearly double the amount signaled by the Fed’s interest-rate projections chart, the so-called dot plot, in December. Source

Spot Bitcoin ETFs turned down by Thai SEC, investors eye global markets

Thailand’s SEC has declined to allow trading of spot Bitcoin ETFs, citing that foreign-approved Bitcoin ETFs are still in nascent stages and may not align with the economic needs of the Thai market. The US securities market regulator’s recent approval of 11 Bitcoin exchange-traded funds (ETFs) has not swayed the Thai Securities and Exchange Commission to follow suit. The Thai regulator remains cautious, believing these ETFs, which have gained traction in foreign markets, may not be suitable for the Thai economic landscape at this stage. A report by Bangkok Post…

Mango Markets allocates $250k to tackle regulatory inquiries

Decentralized exchange Mango Markets is responding to scrutiny from U.S. regulatory bodies by allocating $250,000 worth of USD Coin (USDC) to its course. This move comes on the heels of recent woes, including a hack and ongoing legal proceedings that have led the DAO, or decentralized autonomous organization, to hire an intermediary who will guide the project through its regulatory battles. Allocating resources for a solution Mango Market’s DAO is responding to regulatory inquiries by approving a budget of $250,000 in USD Coin (USDC). This allocation, set for approval on…