Tag: Markets

Top House Democrat Maxine Waters blocks crypto legislation hearing: CNBC Crypto World

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io On today’s episode of CNBC Crypto World, Rep. Maxine Waters, the leading Democrat on the House Financial Services Committee, blocked a joint hearing with the House Agriculture Committee on a digital asset market structure bill, citing alleged corruption by the president over his crypto ties. Plus, Jack Mallers, who is now the CEO of Twenty One, discusses the new company, which would allow for a singular vehicle for bitcoin exposure. Chapters: 0:00 – Introduction 0:31 – Bitcoin inches higher 0:45 – The…

Mango Markets Hacker Avraham Eisenberg’s Fraud Charges Dismissed

Key Notes Mango Markets hacker Avraham Eisenberg has seen his theft case dismissed. Eisenberg received a separate 4-year sentence after pleading guilty to possessing child sexual abuse material. Donald Trump’s administration has brought leniency to crypto lawsuits, and Eisenberg may be a beneficiary. A United States judge has dismissed the commodities fraud and market manipulation charges against Avraham Eisenberg in the Mango Markets case. In an unexpected twist, the Judge ruled that the evidence against him was insufficient to support those charges. US Authorities Lay Charges Against Mango Markets Hacker…

Judge overturns fraud convictions in Mango Markets exploit case

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A US federal judge has vacated key fraud and manipulation convictions against Avraham Eisenberg, the trader at the center of the case involving a $110 million exploit of the decentralized exchange Mango Markets. On Friday, US District Judge Arun Subramanian ruled that the evidence presented at trial failed to support the jury’s conclusion that Eisenberg made materially false representations to Mango Markets. The decision vacates Eisenberg’s convictions for commodities fraud and market manipulation and acquits him of a third charge, significantly weakening the government’s case. Eisenberg, a self-proclaimed “applied game…

What bitcoin climbing above $100K means for Coinbase, as earnings fall short of estimates

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The crypto space has been keeping busy this week: bitcoin (BTC-USD) is back above $103,000 while Coinbase Global (COIN) announced its $2.9 billion acquisition of crypto derivatives exchange Deribit. On top of all this, Coinbase released first quarter earnings results, falling short of revenue estimates ($2.03 billion vs. forecasts of $2.11 billion) while significantly falling behind expectations for adjusted earnings per share in the quarter ($0.24 vs. forecasts of $2.07). Citizens Director of Financial Technology Research Devin Ryan comes on The Morning…

Markets Slide as Trump Targets EU and iPhones With Tariffs

President Donald Trump’s latest tariff proposal has thrown financial markets into a tailspin, sparking a sharp slide in major U.S. stock indexes. EU Retaliation Looms as Trump Issues Tariff Ultimatum According to several reports, the president has unveiled a bold new plan: a 50% tax on imports from the European Union and a 25% tariff […] Source CryptoX Portal

Bond Yields Continue to Soar as Markets Eye Trouble, Bitcoin and Gold Shine

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Markets are flashing warning signs as long-term U.S. Treasury yields spike, bond auctions falter, and prediction markets show rising odds of economic trouble ahead. Treasury Market Signals Mounting Fiscal Anxiety The 30-year U.S. Treasury bond yield surged to 5.18% on Thursday—its highest point since 2023—before easing slightly later in the session. The benchmark 10-year yield […] Original

Bitcoin rises as Fed leaves rates unchanged: CNBC Crypto World

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io On today’s episode of CNBC Crypto World, bitcoin rises ahead of the Federal Reserve’s decision to leave interest rates unchanged. Plus, Treasury Secretary Scott Bessent testifies before Congress and highlights the Trump Administration’s crypto priorities. And, Alex Miller of Hiro Systems discusses his own testimony before Congress, which pushed for crypto legislation. Chapters 00:00 – CNBC Crypto World, May 7, 2025 0:26 – Bitcoin, ether rise 0:43 – The headlines 3:58 – Alex Miller of Hiro For access to live and exclusive…

‘Crypto markets have been languishing in SEC limbo’

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In one of his first speeches since becoming chair of the US Securities and Exchange Commission (SEC) in April, Paul Atkins addressed some of the regulatory concerns around the cryptocurrency industry. In prepared remarks for a May 19 speech, Atkins said it was a “new day” for the crypto industry under the current leadership of the SEC. He suggested that the financial regulator would be more open to “adapt to and accommodate new developments” while still abiding by its statutes. “The crypto markets have been languishing in SEC limbo for…

Joe Rogan Goes All-In on Bitcoin

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Dante talks about Joe Rogan Goes All-In on Bitcoin Brought to you by Bitcoinwell.com a bitcoin-only platform on a mission to enable independence. #bitcoin #bitcoinnews #shortsopen ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Bitcoin breakout to $120K on radar as markets forget Fed July rate cut

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Key points: Bitcoin continues to range around $103,000 as bulls struggle to keep upside momentum going. Traders favor short-term BTC price gains eventually returning, while overall faith in the bull market varies. Fed rate cuts seem increasingly far off despite encouraging inflation data. Bitcoin (BTC) hugged familiar territory around the May 14 Wall Street open as traders awaited fresh US macro cues. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Trader: BTC needs $108,000 reclaim for breakout Data from Cointelegraph Markets Pro and TradingView showed $103,000 remaining a BTC price magnet. Bulls had…