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커뮤니티 Korea Sports Science Institute

Oil slips after Saudi-driven rally while equities edge higher

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작성자Moises 작성일 23-07-18 조회수 11회

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Crude oil edged higher but gains were tempered by a report that the United States and Iran were close to a nuclear deal, although denials from both parties kept it off the previous session's lows.

Although the decision was specific to the individual case, it unleashed a wave of optimism among crypto investors that more cryptocurrencies may also not be deemed securities. The case marks the first win for a cryptocurrency company in a lawsuit brought by the U.S. Securities and Exchange Commission.

But you don't fully know what the rules are going to be for crypto," said Rick Meckler, partner, Cherry Lane Investments in New Vernon, New Jersey. "You know what the rules of the road are in equities and bonds.



The RBA raised the cash rate to an 11-year high of 4.1%, saying the hike would provide greater confidence that inflation would return to target within a reasonable time frame, but adding that further tightening may be required.

The U.S. Securities and Exchange Commission on Monday sued Binance, its CEO Changpeng Zhao and the operator of Binance.US over what it called a "web of deception" to evade U.S.
laws.

In statements, Binance said it had been cooperating with the SEC's probes and had "worked hard to answer their questions and address their concerns" including by trying to reach a negotiated settlement.

BEUC in its complaint filed on Thursday said the proliferation of misleading advertisements of crypto assets on the social media platforms is an unfair commercial practice as it exposes consumers to serious harm such as the loss of significant amounts of money.



"In previous spot ETF rejections, the SEC has cited concerns about market manipulation, and BlackRock's application appears to take a different approach to address this sticking point," said Riyad Carey, a research analyst at Kaiko.

The lawsuits against Binance and Coinbase Global have increased fears the crypto market's ordeal could be prolonged further after the sector was battered by a string of meltdowns including the bankruptcy of FTX, Binance's biggest competitor, last year.

Last week, Binance was sued by the U.S.
Securities and Exchange Commission, which listed 13 charges against the company, Zhao and the operator of its purportedly independent U.S.

Since the BlackRock filing, Invesco and WisdomTree have also reapplied for spot bitcoin ETFs after they had previous applications rejected by the regulator, with asset manager Fidelity also reportedly planning to reapply for a spot fund.

Securities and Exchange Commission (SEC) sued major crypto exchanges including Coinbase and Binance. on alleged violations of securities laws.

Earlier this month, the U.S.

Crude oil edged higher but gains were tempered by a report that the United States and Iran were close to a nuclear deal, although denials from both parties kept it off the previous session's lows.

"We're all worried about liquidity," said Ben Jones, director of macro research at Invesco.

The Fed, he added, "still wants to tighten" policy and therefore may allow the TGA rebuild to drain liquidity from markets without stepping in to provide other support tools.



Data on Friday showed U.S.

non-farm payrolls rose by 339,000 in May, but a surge in the unemployment rate to a seven-month high of 3.7% suggested an easing in labour market conditions.

Bitcoin fell more info than five percent following the news, its worst daily decline since mid-April.

Despite recovering somewhat to trade at $25,772 the next day, it marks a significant decline since last June when it was trading at $31,351.

As it announced its latest crackdown on what critics have branded a ‘Wild West' industry, the Financial Conduct Authority (FCA) revealed 9pc of UK adults were invested in digital tokens such as bitcoin last year.

"Security classifications would affect all U.S. crypto exchanges, leading to a forced closing of various altcoin pairs," said Vetle Lunde, senior analyst at K33 Research.

markets being drained of cash. NEW YORK/LONDON June 9 (Reuters) - U.S.
shares struck new highs for the year on Friday, setting world stocks up for gains for the week, as rising bets that the Federal Reserve will skip a rate hike next week overshadowed worries about U.S.

"Some of the most vocal anti-crypto folks are Democrats and some of the most pro-crypto folks have been Republican," said Carol Rose Goforth, professor of law at the University of Arkansas.

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