SEC cannot claim jurisdiction over Ethereum.
After the Merge, the SEC has been trying to claim jurisdictions over all Ethereum transactions. The commission says that Ethereum nodes are densely concentrated in the United States, which gives them this authority. However, experts claim otherwise and say that SEC cannot claim jurisdiction over Ethereum transactions.
Do Kwon says he is not hiding.
The co-founder of collapsed cryptocurrency operator Terraform Labs has broken his silence after Interpol issued a red notice against him, stressing that he is not in hiding despite an escalating global manhunt.
Reversible transactions could mitigate crypto theft.
Stanford University researchers have come up with a prototype for “reversible transactions” on Ethereum, arguing it could be a solution to reduce the impact of crypto theft. Under the proposed token standards, if someone has their funds stolen, they can submit a freeze request on the assets to a governance contract.
BTC/USD skyrocketed 1.6% in the last session.
The Bitcoin-Dollar pair exploded 1.6% in the last session. The Stochastic-RSI is giving a positive signal, going against our overall technical analysis. Support is at 183491 and resistance is at 194131.
The Stochastic-RSI is currently in the positive zone.
ETH/USD skyrocketed 2.4% in the last session.
The Ethereum-Dollar pair gained 2.4% in the last session after rising as much as 3.3% during the session. The Williams indicator indicates an oversold market. Support is at 1236.7967 and resistance is at 1364.4167.
The Williams indicator points to an oversold market.
XRP/USD plummeted 3.9% in the last session.
The Ripple-Dollar pair dove 3.9% in the last session. The RSI is giving a negative signal. Support is at 0.4516 and resistance is at 0.5405.
The RSI is currently in the negative zone.
LTC/USD gained 0.9% in the last session.
Litecoin gained 0.9% against the Dollar in the last session. The Stochastic indicator gives a positive signal. Support is at 50.9667 and resistance is at 55.1667.
The Stochastic indicator is currently in positive territory.
Daily Economic Calendar:
US Durable Goods Orders
The Durable Goods Orders measures the cost of orders received by manufacturers for durable goods, which means goods that should last three years or more, excluding the transport sector. The US Durable Goods Orders will be released at 12:30 GMT, the US Nondefense Capital Goods Orders at 12:30 GMT, and the US Consumer Confidence at 14:00 GMT.
US Nondefense Capital Goods Orders
The Nondefense Capital Goods Orders measures the cost of orders received by manufacturers for capital goods, which are durable goods used in the production of goods or services.
US Consumer Confidence
Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity.
FI Consumer Confidence
Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity. Finland's Consumer Confidence will be released at 05:00 GMT, Finland's Industrial Confidence at 05:00 GMT, Japan's BoJ Monetary Policy Meeting Minutes at 23:50 GMT.
FI Industrial Confidence
The Industry Confidence shows the opinion of manufacturing executives regarding production expectations, order books and finished goods inventories.
JP BoJ Monetary Policy Meeting Minutes
The Bank of Japan publishes a study of economic movements in Japan, known as the meeting minutes, after the actual meeting.