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Arthur Hayes criticizes Janet Yellen and Jerome Powell’s oscillating decisions that negatively impact the crypto space. Hayes describes the prevailing bearish trend in Bitcoin as a TradFi mini-financial crisis . Predicting Bitcoin’s further dip below $35K, Hayes spots BTC’s support between $30K and $35K. BitMEX co-founder Arthur Hayes recently shared insights on the potential impacts of the oscillating decisions of Treasury Secretary Janet Yellen and Fed Chair Jerome Powell on the crypto space. In the essay entitled “Yellen or Talkin’?” Hayes also pointed out that the recent dip in Bitcoin highlights a “TradFi mini-financial crisis.” "Yellen or Talkin'?" is an essay on why I think the $BTC slump is pointing to a TradFi mini-financial crisis, and it will bottom in the $30k to $35k range.https://t.co/uwiLscKwzW pic.twitter.com/zRpUcE6TIz — Arthur Hayes (@CryptoHayes) January 23, 2024 Initially, Hayes’ essay reflected on the ...

Jan 23, 2024 at 11:36 // Price Author Coin Idol The price of Litecoin (LTC) has slipped back into the downtrend zone as it pulls back into its previous range. Detailed price Analysis by Coinidol.com. Since January 12, the moving average lines have limited the upward movement. Long-term forecast for the Litecoin price: Bearish On January 12, the wick of the long candle shows strong selling pressure at the $76 overhead barrier. At the time of writing, Litecoin is currently worth $68.13. The cryptocurrency asset has returned to its usual price range of $...

The SatoshiVM price has plunged 15% in the last 24 hours to trade at $9.64 as of 1:56 a.m. EST on trading volume that dropped 10% to $27 million. SatoshiVM Price Bears Push The Price Down, Forms A Falling Wedge SAVMUSD Chart Analysis. Source: Tradingview.com The SatoshiVM price signals a bullish trend reversal as the price has formed a falling wedge pattern, which traders use to signal a bullish trend continuation. The bulls faced resistance at $14.2, hindering further profits and enabling bears to exert pressure on the price, forming a falling wedge pattern.  Despite the pullback, the bulls have demonstrated resilience, hinting at a rebound with support at $8.97 to push the price above the wedge. SatoshiVM Price Bullish Momentum Targets $15.2  The 50 simple moving average (SMA) poses a challenge for the SAVM price. If the current bull momentum sustains, it could push the price above the 50 SMA. The Relative Strength Index (RSI) indicates a rebound at 40, surpassing t...

Coinbase, Consensys, and Paradigm are urging the U.S. Treasury to reconsider its proposed reporting requirements for crypto mixer transactions, citing a lack of specificity and concerns over resource allocation. In a comment to the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) on Jan. 22, Coinbase stated that regulated platforms already comply with existing rules for recordkeeping and reporting of suspicious activities and illicit crypto mixing. The firm is particularly critical of the proposal’s requirement for crypto platforms to report all crypto mixing activities, including those serving legitimate purposes. Coinbase contends that this broad approach would lead to inefficient use of resources and unnecessary bulk reporting of non-suspicious transactions. Paul Grewal, chief legal officer of Coinbase, shared his thoughts in a Jan. 22 thread on X, emphasizing the need for more targeted measures. He believes a data dump without a monetary threshold ...

The debtors-in-possession of FTX and Alameda Research have reportedly been responsible for the bulk of outflows from Grayscale Bitcoin Trust ( GBTC ), with sources familiar to CoinDesk detailing that FTX sold approximately 22 million shares. This would account for around $1 billion in the total outflows from GBTC so far and would account for the entirety of FTX/Alameda Research’s GBTC position. Alameda Research was one of several now-bankrupt trading firms, including Three Arrows Capital, that attempted to arbitrage the difference between the GBTC market value and the value of the assets it holds. The difficulty in successfully arbitraging this difference while Grayscale’s redemption window was closed may have contributed to the failure of some of these firms. FTX debtors-in-possession also chose to dismiss their lawsuit against Grayscale. According to Arkham data, at 22:21 UTC+8, Grayscale transferred 19,260 BTC to Coinbase Prime Deposit. https://t.co/79xyMqJylW ...

Crypto-friendly bank B. Riley Financial Inc. is said to be facing an undisclosed investigation from U.S. authorities. The Los Angeles-based investment bank B. Riley Financial Inc. is report edly under investigation by the U.S. Securities and Exchange Commission (SEC) for its transactions with a client associated with securities fraud, Bloomberg report s, citing sources close to the matter. According to the report , the investigation apparently linked to Brian Kahn, an unnamed co-conspirator in a U.S. Department of Justice criminal case linked to the 2020 collapse of the Prophecy Asset Management hedge fund. Sources claim that SEC officials conducted interviews in recent months to explore Kahn’s role in orchestrating the buyout of Franchise Group Inc., a deal facilitated by B. Riley and partly financed by Nomura Holdings Inc. You might also like: Core Scientific emerges from Chapter 11 bankruptcy B. Riley is known on the crypto market as a backer of two large Bitcoin ...

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. In the ever-evolving landscape of web3, one thing has remained the same throughout—narratives matter. Narratives have served as the driving force behind the growth of projects. Over the past three years, we have witnessed a lot: from the defi summer of 2020 to the NFT craze of 2021 and the rise of liquid staking in 2022. Leading projects in all these narratives have seen their growth accelerated by a few years just from being a part of the narrative. You might also like: Web3 breaks ground with the convenience of a consumer-centric approach | Opinion Now, it is time for the ‘autonomous worlds’ narrative to take over. In this article, we delve into the concept of the autonomous worlds, why conventional gaming technologies fall short, and how this new narrative is set to revolutionize the gaming and virtual worlds. What i...