JPMorgan Boosts US Recession Chance, Brazil’s Approves Solana-Based ETF, SEC subpoenas three crypto VCs, Tether to Double Staff, Celsius sues Tether

Cryptocurrencies keep pushing boundaries, and each headline is a testament to the industry’s growth. Let us bring you up to speed with the most significant stories from the past week. Next week also promises to be full of events that may affect the overall market picture.

Review of the past week:

August 8, 2024

JPMorgan Boosts US Recession Chance to 35% by End of This Year.

JPMorgan Chase & Co. now sees a 35% chance that the US economy tips into a recession by the end of this year, up from 25% as of the start of last month. Read more

August 8, 2024 Brazil’s Securities and Exchange Commission Approves Solana-Based ETF.

The Brazilian Securities and Exchange Commission (CVM) has approved a Solana-based exchange-traded fund (ETF), the agency disclosed in its central database on Wednesday. Read more

August 9, 2024 SEC subpoenas three crypto VCs in sign crackdown is gaining pace.

The US Securities and Exchange Commission has subpoenaed at least three crypto venture capital firms this year, according to a source familiar with the SEC’s investigation. Read more

August 9, 2024 Tether to Double Staff by Mid-2025 in Compliance, Finance Push.

Tether Holdings Ltd., issuer of the $115 billion stablecoin USDT, plans to double the size of its workforce over the next year to bulk up in areas like compliance. Read more

August 10, 2024 Celsius sues Tether, seeking $3.5B over Bitcoin collateral sell-off.

Defunct cryptocurrency exchange Celsius has filed a lawsuit against Tether alleging misappropriation of assets and seeking approximately $3.5 billion in BTC returns, damages and legal fees. Read more

 

As the crypto landscape evolves, so does the need for a reliable platform. At FYBIT, we provide the tools for your success. Don’t wait, trade with FYBIT.


Best regards,
FYBIT team

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Hello, my name is Vincent Parks. I help novice traders and private investors. I write articles on trading / TA / trading psychology etc. For the past 3 years, I have been an account manager in a company that specializes in binary options. I have more than 5 years of professional experience in FX/crypto trading. My goal in life is to share my knowledge and experience with more people.