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Beyond an avenue for making speculative bets, prediction markets can offer an additional glimpse into the prevailing sentiment surrounding a particular matter. You wouldn’t have to look particularly far to see that worries surrounding a potential recession in the United States have skyrocketed as of late. President Trump’s sudden imposition of previously-announced tariffs on China, Mexico, and Canada on March 3 caused a crash in the cryptocurrency market, as well as a general selloff of risk assets. Prediction markets reacted accordingly. On March 4, two of the most popular platforms — Kalshi and Polymarket, marked a noted uptick in users who answered affirmatively to the query of whether or not a recession will occur this year. Picks for you This notorious recession signal hints at what's next for the economy ...

The recent surge in Bitcoin inflows has grabbed the attention of the crypto world. This applies even more to German government Bitcoin transfers and US Spot Bitcoin ETFs. Also Read: Bitcoin ETF Flows: Navigating the Latest DeFi Market Trends bitcoin -in flows -and-us- ETF -insights">German Bitcoin In flows and US ETF Insights bitcoin -in flows ">Overview of German Bitcoin In flows Late last night, the German government wallet that’s used by the German authorities to send large quantities of Bitcoin to exchanges and market entities has received 2442 Bitcoins back. As a source notes: ‘’While the German government has continued offloading their Bitcoin holdings, institutional investors have seen this as a buying opportunity to accumulate more.’’ This return of funds happened immediately after a large outflow to exchanges and various entities, with over 10,853 Bitcoins worth $637.7 million at the time transferred out. Also Read: German Government Sells $951M Worth of Bit...

In written remarks submitted ahead of a hearing before the US Senate Banking Committee, SEC Chair Gary Gensler has once again reiterated his stance on crypto. The US Securities and Exchange Commission (SEC) Chairman, Gary Gensler, doesn’t seem to change his mind on crypto despite the recent challenges the regulator faced in court. In a written testimony submitted ahead of a hearing before the US Senate Banking Committee, the SEC boss has once again doubled down on his position against the industry . He said that “most crypto tokens are subject to the securities laws” and, therefore, “most crypto intermediaries have to comply with securities laws as well.” “There is nothing about the crypto asset securities markets that suggests that investors and issuers are less deserving of the protections of our securities laws.” SEC Chair Gary Gensler Gensler also said the industry faces many problems mainly due to “wide-ranging non-complianc...

Emmer intends to introduce an appropriations amendment that will limit the SEC's utilization of funds for digital asset enforcement until comprehensive rules and regulations are put in place. Tom Emmer, the Majority Whip of the U.S. House of Representatives, who has previously expressed concerns about the Securities Exchange Commission's (SEC) actions in the crypto currency industry, on Friday, Sep. 8, introduced a significant amendment that once more drew attention to the SEC's actions. In his statement, Tom Emmer criticizes Gary Gensler, alleging that the SEC chair has overstepped his authority, which is negatively affecting the American people. Emmer urges Congress to utilize their available methods and proper procedures to thwart any potential misuse of taxpayer funds by Gary Gensler and the SEC. In the past, Rep. Tom Emmer has jointly sponsored several bills aiming to enhance regulatory transparency in the United States. Emmer recently used Twitter to unveil his late...

The Chicago Board Options Exchange (CBOE) has filed two applications seeking the SEC’s approval for the ARK 21Shares Ethereum ETF and VanEck. The filing of the 19b-4 form is dated Sept. 6. A 19b-4 form is usually presented by self-regulatory organizations, such as the CBOE, asking for a specific requirement from the SEC. The SEC will have 240 days to decide if the Ethereum (ETH) ETF will be approved or denied. You might also like: Grayscale urges SEC to approve its spot Bitcoin ETF filing What is an ETF? Exchange-traded funds (ETFs) have recently become a simplified and convenient investment option for many assets, including cryptocurrencies like Bitcoin (BTC). ETFs allow investors to gain exposure to the performance of an asset or a combination of assets without actually owning them. Bitcoin ETF tracks the price of Bitcoin, allowing investors to invest in the world’s major crypto without the need to purchase and manage the cryptocurrency themselves. This eli...

While history shows September isn't usually great for Bitcoin, analysts urged investors to look to mid-October. Bitcoin investors may be in for a rollercoaster ride. While history shows September is typically a bumpy month for Bitcoin — two ETF analysts have suggested investors turn their gaze to mid-October as the next "major days to watch ." According to historical data, Bitcoin’s monthly returns have closed in the red at the end of September nine times over the course of the last 13 years. Popular crypto analyst Will Clemente informed his 689,000 X followers that September has had the “least number of positive-returning months” and is on a six-year negative-returning streak. Bitcoin's returns broken down by months September has had the least number of positive-returning months at just two and is on a 6-year negative-returning streak. pic.twitter.com/4VqZkMubm3 — Will Clemente (@WClementeIII) August 31, 2023 There are a number of other factors that point to a bu...

Also Read: Robinhood Wallet Now Supports Bitcoin , Dogecoin; Ethereum Swaps Enabled advertisement While the announcement on the hearings do not explicitly suggest a focus on the crypto market news, it could well be the dominant part of the US Senate and House committee hearings. Interestingly, this time around Gensler would also have to face questions on the SEC’s plans to approve the spot Bitcoin ETF filings from Blackrock, Ark Invest, Fidelity, Bitwise and others. Gary Gensler To Testify Before Two Congress Panels According to a scoop from Fox Business journalist Eleanor Terrett, the US SEC Chair had agreed to testify before the U.S. Senate Banking Committee GOP as well as the U.S. House Committee on Financial Services Republicans in two separate hearings scheduled in September 2023. Following the Grayscale victory in the lawsuit against the US SEC, the onus is now on the agency to clarify on its timeline for potential approval of the spot Bi...

Davidson’s stance resonates with the growing sentiment within the crypto community, as his efforts have only been praised thus far. He believes the SEC’s regulatory actions have become increasingly oppressive and politically charged despite the market’s desire for increased flexibility and innovation. advertisement How Has Warren Davidson Protested Against Gary Gensler? Warren Davidson’s dissatisfaction with Gensler’s leadership is not news to anyone. He had previously introduced the “SEC Stabilization Act” on 12th June 2023 with the primary aim of firing Gary Gensler from his position as the SEC Chair. Davidson firmly expressed his concerns: “U.S. capital markets must be protected from a tyrannical Chairman, including the current one. It’s time for real reform and to fire Gary Gensler as Chair of the SEC.” Davidson introduced the bill a week after the SEC filed lawsuits against Binance and Coinbase. Rep...

New York Representative Ritchie Torres had an exclusive interview with Cointelegraph to discuss why retail investors are still at risk following the XRP court ruling. On July 13, 2023, United States District Court Judge Analisa Torres ruled that Ripple’s XRP (XRP) token should not be considered a security when sold on retail digital asset exchanges. Stuart Alderoty, chief legal officer at Ripple, told Cointelegraph that last week’s ruling makes it clear that the U.S. Securities and Exchange Commission’s (SEC) theory that a token can be an investment contract and, therefore, a security, no longer has support in the law. He said of the ruling: “That is not only a huge win for Ripple, but it’s a win for all of crypto in the United States. The SEC can no longer tout their record in crypto, which was, up till now, by and large, settlements with players that didn’t have the resources to fight back.” While this may be, New York Representative Ritchie Torres told Cointelegraph that the Ripple...

A team of researchers proposed five “argumentative schemes” designed to protect the rights of crypto crime suspects while also helping investigators. A team of researchers from Friedrich-Alexander-Universität Erlangen-Nürnberg recently published a paper detailing methods investigators and court s can use to determine the validity of deanonymized data on the Bitcoin (BTC)  blockchain . The team’s preprint paper, “Argumentation Schemes for Blockchain Deanonymization,” lays out a blueprint for conducting, verifying and presenting investigations into crimes involving cryptocurrency transactions. While the paper focuses on the German and United States legal systems, the authors state that the findings should be generally applicable.  Bitcoin-related crime investigations revolve around the deanonymization of suspected criminals, a process made more challenging by blockchain s’ pseudonymous nature. Users conducting blockchain transactions are identified by wallets (unique software address...

Treasury Seeks Delay In Payments With less than two weeks remaining before the looming deadline, the White House is urgently seeking avenues to buy more time for negotiations between President Biden and House Speaker Kevin McCarthy to raise the federal debt ceiling. In the early part of June, the federal government faces the possibility of missing a payment for the first time in modern history if additional borrowing, increased tax collection, or spending reductions are not implemented. advertisement Read More: Stocks And Crypto May Crash Within Weeks Of Debt-Ceiling Deal; Here’s Why According to reports, Treasury officials have reached out to counterparts in other federal agencies to inquire about the possibility of delaying payments due before early June. However, it is important to note that the Treasury has not requested federal agencies to postpone payments beyond their original due dates. Earlier last week, senior members of the Treasury Departme...

The crypto community follows Peter Brandt ’s updates closely because of his accurate predictions on Bitcoin price. While he remains bullish on Bitcoin hitting $40000, bearish sentiment is rising due to the recent turn of events. advertisement Peter Brandt Predicts Bitcoin Price Fall Amid Debt Ceiling Crisis Veteran trader Peter Brandt in a tweet on May 22 predicts that Bitcoin price can break below the $26,800 level. After the correction, Bitcoin price will continue to move higher. Earlier, he recommended going long on Bitcoin and predicted a BTC price target of $40,000 . According to his Analysis , BTC price risks falling to $24,800. GoinGape Media also reported the same level after on-chain data and technical indicators pointed to an upcoming fall in Bitcoin price. A drawdown in BTC price offers investors to buy the dip. Recommended Articles Crypto Telegram Channels List 2023 [Up...