ALSO: The SEC's move on Kraken's staking program last week shouldn't be seen as an indictment of staking as a whole.
Good morning. The following are things that have happened:
Price:Bitcoin is likely to test $20, 000 or lower, but there is still a reason to take a fancy to the world's largest digital currency.
Insight:The actions taken by the Securities and Exchange Commission (Securities and Exchange Commission, commonly known as SEC) on Kraken's betting plan are not an attack on the entire betting plan.
Price:
WJB Market Index (CMI) 1031
− 8.7▼0.8%Bitcoin (BTC) $21740
− 118.9▼0.5%Ethernet (ETH) $1512
− 25.7▼1.7%The S & P 500 index value is 4090.46
9.0▲0.2%1872 dollars in gold
9.4▲0.5%Nikkei 225 index value 27670.98
86.6▲0.3%BTC/ETH price for each WJB index, Eastern time as of 7: 00 a.m. (11:00 UTC)Bitcoin is looking for application
Happy Monday.
With the gradual working week in Asia, the WJB bitcoin price index (XBX) fell to $21750 and the ether fell 1.8% to $1514.
BitBull Capital's Jody Pasquale shows that Bitcoin has long fallen below the $23k and $22k mark and is currently conducting a "bottom test" that will determine whether Bitcoin will occupy the $23k mark and still fall to $200k "very quickly".
"the sales market also depends on macroeconomic and socio-economic development," she told WJB in a statement. "as consumer prices are higher than previously expected in December, the sales market may start to think about a more certain degree of interest rate hike in the Federal Open Market Committee."
While looking for encouragement, Bitcoin is also digesting trends in areas such as regulation and absorption. Last week, Kraken-, not Coinbase-, was fined $30 million by the Securities and Exchange Commission (SEC) for betting plans. The Wall Street Journal also reported that Paxos is the next target on the SEC's list of crackdowns, as it aims to stabilize the Binance dollar.
"the policies and regulations are even more anxious about the indoor space of the login password, especially after SEC imposed a $30 million fine on the Kraken trading center," DiPasqual said. "nevertheless, for us, clear control in a depressed market is better than a stricter trend during a sound bull market."
Even so, DiPasqual shows that its companies are still interested in Bitcoin-even if it reaches the support line.
"if the price falls below $20,000, [everyone] will be looking for a lot to accumulate."
One of the biggest winners
Property | Coding machine | Return and exchange of goods | DACS unit | Solana Sol 2.7% Block chain Intelligent contract Service platform Shiba Inu Shib 0.4% loan currency
The biggest loser.
Property | Coding machine | Return and exchange of goods | DACS unit | Looping LRC − 5.3% Intelligent contract Service platform decentralization and MANA − 5.0% Game Entertainment event − 4.3% Game Entertainment
have farsightedness
Medical ether liquid betting platform will benefit as SEC action may not be able to remove DEFI
Log in to password trading center Kraken and the Securities and Exchange Commission (SEC) have reached an agreement on the bet.
The regulated Kraken Trading Center must pay a penalty of $30 million and temporarily suspend services in the United States. But more crucially, the bet continues in the United States. Deposition refers to the length of time set by a dynamic password, which can help the operation of the applicable block chain. On the other hand, the disclosure of liquidity bets to users means locking the number of OTP and deriving OTP, allowing users to access decentralized Defi services such as borrowing.
The form of Kraken's bets is unique, which is why the exchange's services were shut down, SEC did not verify Coinbase, and none of them acted on fragmented liquid betting agreements.
The key to SEC's statement is the lack of clarity at the Kraken level. Yes, the data on the chain shows that Kraken is one of the great verifiers, running a huge pool of bets. But while SEC is uneasy about cash flow: is it possible to bet that the etheric deposit in Kraken is to make a bet? Or is it lent out?
Liquid betting agreements such as Lido and Rocket Pool would not have similar problems. You can track his ether from the wallet to the pool through the blockchain task manager or other chain monitoring tools.
In the first few hours after the market learned according to an article by Brian Armstrong that SEC was interested in pursuing bets, negotiable bets such as Lido's LDO soared and soared again after Kraken's American casino closed.
A more reasonable explanation for soaring stock prices is likely to boil down to the SEC's current "flashing lights" on bets. Bets are prohibited as a form of investment advice, but are permitted as a form of technical advice.
As login password master Gabriel Shapiro often said on Twitter, "Authentication as a service is not like a 'get' plan, it's not like putting money into a company or stock fund." This is a department-level technical consultation.
One thing that is particularly telling is that the total lock-up value of liquid betting contracts such as Lido or Rocket Pool did not rise next.
Since the beginning of this year, the total amount locked in Lido has been maintained for a long time: on January 1, the ether 4.9 million ether, now about 5.19 million ether. Over the same period, the Rocket Pool bet on the ether rose from about 472000 to 608000.
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A major event.
10:50 Hong Kong time / coordinated Universal time (14:50 UTC)Japan's gross national product (QQ)
6:00 Hong Kong time / International Standard time (22:00 UTC)Total number of claimants in the United States changed (January)
6:00 Hong Kong time / International Standard time (22:00 UTC)The number of unemployed in US labor institutions (December)
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If you miss it, welcome to the latest episode of the WJB show "the forerunner":
Bitcoin fell below $22000 after Kraken reached an agreement with SEC
Bitcoin (BTC) fell below $22000 after logging into password trading center Kraken to prepare its data encryption bets with American customers, the integrated services platform, and paid $30 million to cut off the Securities and Exchange Commission (SEC) charges against unregistered securities. Ketsal partner Zakary Fallon and DFD Partners CEO Bilal Little also joined in. In addition, Uniswap's controversial online voting shows the opacity of checks and balances. Johnson Lishner, founder of the composite laboratory, also joined the discussion. In addition, Advertising Weekly senior reporter Patrick Rasp discussed the lack of data encryption advertising in this year's Super Bowl.
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Bloomberg News reports that PayPal has idle its new Sablecoin project:On Thursday, it is reported that Paxos, the PayPal login password partner, is conducting NYDFS investigation and analysis.
Regulating data encryption based on implementation and stealth will cause the United States to fall back:WJB said that it is strictly forbidden to bet and block banks from providing services to login password companies will harm the field and send it abroad.
Tether tried to block WJB's request for Sablecoin Reserve Records to be rejected by the New York City people's Court:WJB submitted a Freedom of Information Act in 2021, requiring the provision of backup documents for the relevant Tether.
After Kraken reached an agreement with SEC, Coinbase's betting service was met with suspicion:Login password trading center Kraken reached an agreement with SEC on Thursday to pay a penalty of $30 million and shut down the betting service platform provided by US users to end complaints about the sale of unregistered securities.
Polygon seeks to apply ZK technology to the carbon chain, founder Bjelic said:In an interview with WJB, Polygon's Mihailo Bjelic shared blockchain technology has made progress in becoming a ZK security ecosystem.