Bitcoin bulls are facing a key price level that could determine whether the market maintains its current direction. However, no specific level, timeframe, or market development was provided.
Without those details, it is not possible to assess the significance of the level or explain how traders and investors are responding to it.
Court Slams Brakes on Envy Blockchain’s Texas Escape In a terse mandamus order, Texas’s Eighth Court of Appeals just told Envy Blockchain and its co-relators they cannot dodge a pending state-court lawsuit by rerouting it into federal bankruptcy court. The three-page opinion refuses to halt the underlying litigation, keeping the company and its founder, Stephen…
CFTC Loses Bid to Expand Its Reach Over Crypto The Seventh Circuit has just told the CFTC it cannot stretch its oversight of futures and swaps into every corner of the cryptocurrency world. In a terse opinion released today, the court vacated the agency’s enforcement order against the Conway Family Trust, ruling that the trust’s…
KALSHI RULING RIPS CFTC POWER OVER PREDICTION MARKETS The D.C. Circuit just let Kalshi keep running election contracts, denying the CFTC’s last-ditch bid to block the platform while the appeal plays out. That single order means traders can now bet on House, Senate, and presidential control through a regulated U.S. exchange, shifting liquidity from offshore…
PsyopAnime surges, Monero hits an all-time high, and Sharplink CEO Joseph Chalom discusses market dynamics A meme-themed token called PsyopAnime recorded a sharp run-up, described as rising “30X,” in a move that revived questions about whether meme-driven trading activity is returning to the forefront of the crypto market. The same update also pointed to a…
Court Hands Delaware Tech Firm Win Over Crypto Investor A Delaware judge just ruled that a crypto startup and its founder cannot be sued for fraud in their home state because the investor waived his rights in the contract. The decision strengthens the enforceability of forum-selection clauses in crypto deals and signals that Delaware courts…
Coinbase Now Owns Every Layer of Its Derivatives Stack After CFTC Approval Coinbase has taken a major step toward running more of its U.S. derivatives business in-house after the Commodity Futures Trading Commission registered Coinbase Clearing LLC as a Derivatives Clearing Organization (DCO). The approval gives Coinbase its own clearinghouse for certain products, rounding out…
