SEC Forms Task Force to Combat Cross-Border Securities Fraud
According to BlockBeats, the U.S. Securities and Exchange Commission (SEC) has announced the establishment of a special cross-border task force aimed at addressing cross-border trading fraud that affects American investors. The initial focus of this task force will be on investigating potential violations of U.S. federal securities laws by foreign companies, including possible market manipulation activities such as 'pump and dump' schemes.
The task force will also concentrate on 'gatekeepers,' particularly auditors and underwriters who assist these companies in entering the U.S. capital markets. Additionally, it will review potential securities law violations related to companies in foreign jurisdictions.
SEC Chairman Paul Atkins stated, "We welcome companies from around the world to enter the U.S. capital markets, but we will not tolerate any bad actors attempting to exploit international borders to obstruct and evade protections for U.S. investors, whether they are companies or intermediaries. The new special task force will strengthen the SEC's investigative efforts and enable the SEC to use all available tools to combat cross-border fraud." $SEC
According to BlockBeats, on-chain data analyst Murphy has released an analysis of Ethereum's (ETH) chip structure. The analysis indicates an inverted F-shaped structure, with significant accumulation at lower and middle price levels, but minimal at higher levels. The lowest range, between $49 and $396, still holds 13.5% of circulating chips after enduring eight years of challenging market conditions. The most accumulated range is between $2,425 and $2,970, accounting for 23% of circulating chips, marking it as ETH's strongest support zone.
Centered around the current price of $4,257, chips above this level constitute 7.52%, while the range below, from $3,405 to $4,257, holds only 10.1%. This suggests that during rapid price increases and subsequent corrections, ETH has not undergone sufficient turnover. As ETH prices continue to rise, despite the scarcity of trapped positions above, the unrealized profits of chips below are greater than those of SOL, potentially leading to increased theoretical selling pressure. This situation will test the consensus among ETH's main players and long-term holders. Approximately 1.39 million ETH are accumulated near the $4,257 mark, providing effective support.
Even during price surges, the stability of low-level chips demonstrates strong holding confidence. However, the accumulation of substantial floating profit space also poses a potential risk of selling pressure when profits become significant. This analysis is intended for educational purposes and should not be considered investment advice.
Figma's shares fell sharply on Thursday, dropping nearly 20% to $54.56, following its first quarterly earnings report as a public company. The decline came despite a 41% year-over-year revenue increase to $249.6 million, slightly surpassing expectations. The company's stock had peaked at $122 shortly after its NYSE debut in August. CEO Dylan Field clarified that Figma is not positioning itself as a Bitcoin treasury, unlike firms such as MicroStrategy, which holds significant Bitcoin assets. He emphasized that Figma is primarily a design company, not a Bitcoin investment firm. Although Figma has maintained a multi-million-dollar Bitcoin investment through an ETF, valued at around $70 million, it views this as a diversification strategy rather than a core business focus. The company plans to continue purchasing Bitcoin, with recent SEC filings indicating it holds nearly $91 million in the cryptocurrency. Founded in 2012, Figma has evolved from a browser-based design tool to a key platform for product teams. $BTC
John Deaton, a lawyer and advocate for XRP, asserts that the XRP Army—a dedicated group of online supporters—significantly influenced Ripple's recent legal triumph against the U.S. Securities and Exchange Commission (SEC). In a post on X, Deaton highlighted the thousands of affidavits submitted by XRP Army members as crucial evidence that contributed to Ripple's partial victory regarding XRP's security classification. The SEC's legal battle with Ripple began in 2020, alleging the sale of unregistered securities. Deaton emphasized that the XRP Army's involvement was undeniable, stating, "No credible person can argue that the XRP Army didn’t make a difference in the Ripple case." In October 2023, Judge Analisa Torres ruled that while XRP sales to institutional investors violated securities laws, those on public exchanges did not, marking a significant win for Ripple. The XRP Army, formed in response to the SEC's actions, united investors, with many submitting affidavits to support Ripple's case, ultimately celebrating their collective success. $XRP
Crypto Daily - Bitcoin bulls are refusing to be deterred. A bearish chart pattern had formed going into Thursday, but in spite of a drop in price, a higher low was formed and now the bulls are back and pushing for the highs again.
Better PPI data but Powell still concerned While Bitcoin perhaps readies itself for a breakout, the news in the US economy is still that uncertainty reigns. Although lower than expected PPI data was released on Thursday, adding to the general cooling of inflation that has continued to be experienced, a speech by Jerome Powell yesterday still carried very hawkish overtones. He warned of more frequent “supply shocks” caused by President Trump’s global tariffs, and that these would be likely to cause more volatile inflation. These comments by Federal Reserve Chairman Jerome Powell do not inspire confidence that interest rates will be lowered any time soon. It looks like Trump and Powell will be banging heads for some time to come. That said, at least in the US stock market, bullish sentiment is becoming very strong. The Fear and Greed Index is deeply in the Greed sector with a reading of 69.
Share your #TrumpMarketInsights to unlock a share of 1000USDC
Create a post sharing your insights about the market following Trump’s inauguration with #TrumpMarketInsights to share 1000 USDC in token rewards!
Activity period: 2025-01-20 16:00 (UTC) to 2025-01-21 23:59 (UTC) How to participate: Create a post on Binance Square sharing your insights and discussions on the latest market outlook following Trump’s inauguration. You must include one of the following coin cashtag in your post : $BTC , $SOL , $TRUMP or $MELANIA and the #TrumpMarketInsights Ensure the post has at least 10 interactions (including likes, comments, shares, or quotes) and is at least 100 characters long.
Terms and conditions: This Activity may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order for their entries to be counted as valid. Users are responsible for informing themselves about and observing any restrictions and/or requirements imposed with respect to the access to and use of Binance services in each country from which the services are accessed.Eligible users will be informed by Square Secretary and will be able to redeem their voucher and Points via Profile > Rewards Hub. Token vouchers will be distributed within 21 working days after the campaign ends and expire 14 days after distribution. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Tokens referenced in the context of this Activity are not in any way being recommended, vetted or endorsed by Binance (political or otherwise) and we assume no responsibility or liability for your interaction with these tokens.Binance reserves the right at any time in its sole and absolute discretion to terminate, and/or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating, or suspending this Activity, changing the eligibility terms and criteria, the selection and number of winners, and/or the timing of any act to be done, and all participants shall be bound by any such amendments.Binance reserves the right to cancel a user’s eligibility in this activity if the account is involved in any behavior that breaches the Binance Square Community Management Guidelines or Binance Square Community Platform Terms and Conditions.
Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material or any entries in the Activity above should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.
Συνδεθείτε για να εξερευνήσετε περισσότερο περιεχόμενο
Γίνετε κι εσείς μέλος των παγκοσμίων χρηστών κρυπτονομισμάτων στο Binance Square.
⚡️ Λάβετε τις πιο πρόσφατες και χρήσιμες πληροφορίες για τα κρυπτονομίσματα.
💬 Το εμπιστεύεται το μεγαλύτερο ανταλλακτήριο κρυπτονομισμάτων στον κόσμο.
👍 Ανακαλύψτε πραγματικά στοιχεία από επαληθευμένους δημιουργούς.