SEC Restructuring| Miners Moving Bitcoin ASAP| FED Is Ready
SEC to get restructured, Miners looking bearish, FED looking for options
The 14-day average of miner transfers to exchanges has increased sharply to 489.26 BTC, the highest since March 2021. Meanwhile, the balance in wallets associated with miners has decreased by nearly 2,000 BTC in two weeks.
The movement of coins from miner or investor wallets to exchanges is often equated with an intention to sell or liquidate coins. As such, increased movement of coins from miners to exchanges is widely perceived as bearish.
While there is a prevailing belief among many that the Federal Reserve will refrain from increasing the rate this month, a considerable number of analysts and economists hold the view that the Fed will maintain this pause throughout the entirety of 2023.
“The encouraging trend in consumer prices will provide the Fed some leeway to keep rates unchanged this month and if the trend continues, the Fed will not likely hike for the rest of the year,” Jeffrey Roach, chief economist at LPL Financial told CNBC on Tuesday following the latest CPI report.
Today we received the Hinman emails.
Although it makes the SEC look corrupt, it doesn’t answer the question as to how $XRP was sold by Ripple.
I’m not a lawyer but I feel this adds to Ripple’s FND it shows Hinman knew and proceed to add uncertainty to the crypto market.
— Cryptoinsightuk (@Cryptoinsightuk)
Jun 13, 2023
The SEC should follow the law when deciding if #Ethereum is a security or not. Instead, they called Vitalik. 🤣
#ETHGate is real.
🔹 ETHGate *was* a conspiracy theory that ETH received a free pass from regulators while XRP was sued.
Check the SEC chair email from 2018...
— Duo Nine ⚡ Crypto Alpha (@DU09BTC)
Jun 13, 2023
Rinse and Repeat. Thank you @FinancialCmte for continuing to call attention to impartial actions against the #digitalasset industry.
"Rather than create rules that would meet the SEC’s mission of consumer protection and protecting financial markets, the Proposed Rule seeks to… twitter.com/i/web/status/1…
— Cody Carbone (@CodyCarboneDC)
Jun 13, 2023
In The Know
Click here for events & meetups in June 2023
Crypto News Heard Around the State
SOUND MONEY SOUND FOOD EVENT RECAP 🥩🍰
We had guests from all over, we even had someone drive all the way down from North Carolina to join us.
Nothing beats bitcoin meet ups especially with good food and friends 🧡🧡
— Bitcoin Bay (@bitcoinbaytpa)
Jun 10, 2023
"#Orlando is ground zero for the next generation of the digital experience." - @citybeautiful@orlandomayor
See global & regional #inn#innovation@the@the_metacenterbal Week by #Syn#SynapseOrlandoImmerse@ImmerseSummitat#InnovationLivesHerea#ORLMetaCentertps://SynapseORL.com/
— Synapse Florida (@SynapseFL)
Jun 7, 2023
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