Coinbase-SEC Feud Over Staking, Crypto Daily TV 10/2/2023

In Todays Headline TV CryptoDaily News:

https://www.youtube.com/watch?v=UzLBFesuwZc

Russian cybercrime gang Trickbot sanctioned by US, UK.

The U.S. and U.K. issued joint sanctions on Thursday against seven members of the infamous Russian cybercrime group Trickbot. Though the U.S. has previously moved against Russian cyber criminals, the Trickbot sanctions are the first of their kind for the U.K.

Coinbase CEO decries rumors US SEC ban on crypto staking.

Coinbase Global Inc.’s head Brian Armstrong escalated his war of words with the Securities and Exchange Commission, warning he’d heard rumors the agency wants to ‘get rid of’ crypto staking by retail investors.

Binance seeks lobbyist as EU finalizes crypto rules.

Binance is looking to hire a full-time EU lobbyist at a time when the bloc is finalizing wide-ranging crypto regulation. The “Policy Comms Director” would be “responsible for shaping a communications narrative and creating impactful campaigns around corporate, regulatory and political developments impacting the company across the EU,” said a job ad posted on the Binance website.

BTC/USD dove 4.7% in the last session.

The Bitcoin-Dollar pair plummeted 4.7% in the last session. The Stochastic-RSI indicates an oversold market. Support is at 22287.6667 and resistance at 23765.6667.

The Stochastic-RSI points to an oversold market.

ETH/USD plummeted 6.4% in the last session.

The Ethereum-Dollar pair plummeted 6.4% in the last session. The Ultimate Oscillator is giving a negative signal, which matches our overall technical analysis. Support is at 1595.6467 and resistance at 1722.0067.

The Ultimate Oscillator is giving a negative signal.

XRP/USD dove 3.1% in the last session.

The Ripple-Dollar pair dove 3.1% in the last session. According to the Williams indicator, we are in an oversold market. Support is at 0.3871 and resistance at 0.411.

The Williams indicator is signalling an oversold market.

LTC/USD plummeted 8.0% in the last session.

The Litecoin-Dollar pair dove 8.0% in the last session. The MACD is giving a negative signal. Support is at 94.1267, and resistance at 104.8467.

The MACD is giving a negative signal.

Daily Economic Calendar:

US Monthly Budget Statement

The Monthly Budget Statement summarizes the financial activities of federal entities, disbursing officers, and Federal Reserve banks. The US Monthly Budget Statement will be released at 19:00 GMT, Japan’s Machine Tool Orders at 06:00 GMT, the Portuguese Consumer Price Index at 11:00 GMT.

JP Machine Tool Orders

The Machine Tool Orders shows movements in tool orders by manufacturers. It indicates the state of the japanese economy.

PT Consumer Price Index

The Consumer Price Index is a measure of price movements made by comparing the retail prices of a representative shopping basket of goods and services. 

FI Current Account

The Current Account measures net flow of current transactions, including goods, services and interest payments into and out of the local economy.  Finland’s Current Account will be released at 06:00 GMT, Japan’s CFTC JPY NC Net Positions at 20:30 GMT, the UK’s Gross Domestic Product at 07:00 GMT.

JP CFTC JPY NC Net Positions

The weekly Commitments of Traders (COT) report provides information on the size and the direction of the positions taken. The report focuses on speculative positions.

UK Gross Domestic Product

The Gross Domestic Product is a measure of the total value of all goods and services produced by a country. The GDP is considered as a broad measure of economic activity and health.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.