Europe raises interest rates by 75bps
The European Central Bank raised interest rates by 75 bps, the largest single rate hike since monetary policy began in 1999. According to CME, the probability of the U.S. Fed raising interest rates by 50 bps by September is 16%, and the probability of 75 bps is 84%.
— Wu Blockchain (@WuBlockchain) September 8, 2022
SBF’s take on crypto regulation by CFTC and SEC
1) I'M NOT A REGULATOR, THIS IS NOT LEGAL ADVICE
— SBF (@SBF_FTX) September 8, 2022
but:
my current best guess is consistent what @GaryGensler says: that the CFTC will regulate spot + futures for non-security tokens, and the SEC will regulate spot + issuance of tokens that are securitieshttps://t.co/c96a8Sm5mm
3) It seems pretty likely that BTC, ETH, and many forks/variants will not be securities; and that many other tokens will be securities.
— SBF (@SBF_FTX) September 8, 2022
(How about other large tokens? Or futures or swaps on security tokens? Or tokenized stocks? And what exactly is a stablecoin? We'll see!)
4) And, for what it's worth:
— SBF (@SBF_FTX) September 8, 2022
I think this is all pretty reasonable; and a resolution providing regulatory oversight along these lines would be healthy for consumers, protect against risk, prevent scams, give clarity to the industry, and allow liquidity to come back to the US.
5) And it's consistent with what @gillibrandny / @SenLummis drafted–
— SBF (@SBF_FTX) September 8, 2022
as well as what @tphillips and others have argued for from the customer protection angle
Polygon records impressive stats on NFT
$MATIC NFT STATS: August recorded the highest sales volume ($1.97 Bn, +443%) since March’22.
— WEB3 Market Insight
With nearly 30 million mints, August had the highest mint events & NFT transactions on Polygon since November 2021#PolygonNFT
pic.twitter.com/b8xOH2QcWi
(@iftikharpost) September 8, 2022
Bitcoin could necessitate renewable energy
BTC to $22K
$19,500 is now key resistance for #bitcoin. Get a close above that on the daily and we could be in for a short-term rally back up to like 22k. pic.twitter.com/31jhVQ0RXf
— Lark Davis (@TheCryptoLark) September 7, 2022
CZ backs Elon on Twitter bots case
I don't know what's on Twitter's todo list, but I'd assume bots should be high priority given the pending case with Elon. But… they are just everywhere. pic.twitter.com/FyI5i1T09S
— CZBinance (@cz_binance) September 8, 2022
The dollar might cool down soon
$DXY top, look the RSI unfold. pic.twitter.com/92CCsSAxXy
— Wolf(@IamCryptoWolf) September 8, 2022
BTC at key demand area
#Bitcoin – Second largest red candle in Binance history. Interesting to watch volume keep picking up more and more. This a key area of demand. pic.twitter.com/7g9GVHb4Wi
— IncomeSharks (@IncomeSharks) September 8, 2022
LUNC community hits at Binance
Extremely disappointed in CZ for not keeping his word
—
Applying the 1.2% tax to withdrawals and deposits only discourages people from leaving Binance
They are not applying the $LUNC burn to the spot + margin trading AKA what the community asked forhttps://t.co/VuAkTYiVan pic.twitter.com/xPKSYQYGEi??ℕℂ ???
(@LUNCDAO) September 8, 2022
ETH gains momentum from merge’s hype
The Ethereum merge is coming up, and the transition from PoW to PoS has fueled enthusiasm in the market with ETHBTC rallying to a new yearly high. pic.twitter.com/c5sSZIj9AZ
— Arcane Research (@ArcaneResearch) September 8, 2022