Hourglass price analysis: WAIT to break above $0.328 resistance before a new uptrend?

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• Tech CEOs urge US to rethink China restrictions

  TL;DR Breakdown US tech leaders from Intel, Nvidia, and Qualcomm have expressed concern to the Biden administration about the effect of export restrictions to China on the American chip industry’s global leadership. These discussions occurred in the midst of increasing US-China tensions, which are forcing tech companies to limit their operations in their largest market, China. Executives argued that existing regulations limiting the export of AI hardware to China haven’t slowed China’s AI development as intended. Description In a bid to potentially reshape the United States’ stance on export restrictions to China, top tech executives recently aired their concerns to key Biden administration officials. Executives from Intel, Nvidia, and Qualcomm highlighted the potential risks to America’s leadership position in the chip industry and encouraged the administration to reconsider the ramifications of these … Read more In a bid to potentially reshape the United States’ stance on export restrictions to China, top tech executives recently aired their concerns to key Biden administration officials. Executives from Intel, Nvidia, and Qualcomm highlighted the potential risks to America’s leadership position in the chip industry…

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• Big sell-off looming: ADA, SOL, and MATIC brace for impact

  TL;DR Breakdown Cryptocurrency markets are bracing for a significant sell-off from trading platforms Celsius and Robinhood, primarily impacting ADA, SOL, and MATIC. Robinhood is expected to liquidate all remaining holdings immediately after 6:59 PM ET on June 27th. While ADA’s exact wallet holdings are unknown, approximately $18 million of MATIC and $26 million of SOL are poised for sell-off from Robinhood. Description Investors are treading water, with anxious eyes trained on the horizon. There’s an expected sell-off that could throw the market into turbulence: ADA, SOL, and MATIC are bracing for impact. Here’s why these crypto assets have landed in the crosshairs of trading platforms Celsius and Robinhood, and what investors should anticipate in the coming days. … Read more Investors are treading water, with anxious eyes trained on the horizon. There’s an expected sell-off that could throw the market into turbulence: ADA, SOL, and MATIC are bracing for impact. Here’s why these crypto assets have landed in the crosshairs of trading platforms Celsius and Robinhood, and what investors should anticipate in the coming days. Two varieties of sell-off: Celsius…

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• SEC Staff Emails Reveal XRP Failed Howey Test, Questioning SEC’s Allegations

  TL;DR Breakdown Newly revealed SEC staff emails suggest that Ripple’s XRP may not meet the criteria to be considered a security, contradicting the SEC’s allegations. The court’s decision to make documents related to the Hinman Speech public could provide insights into why Ether was classified as a non-security In a dramatic twist to the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), newly revealed SEC staff emails have raised questions about the regulatory agency’s allegations against Ripple’s XRP cryptocurrency. Attorney John Deaton, who represents XRP holders, brought attention to a footnote in Ripple’s court briefs, which suggests that XRP may not satisfy the Howey Test and, therefore, should not be considered a security.  The revelation has sparked concerns about the SEC’s actions and their alignment with their own staff’s analysis. Additionally, the court’s decision to reject the SEC’s motion to seal documents related to the Hinman Speech has heightened anticipation within the cryptocurrency industry, as these memos could provide insights into why Ether (ETH) was deemed not to be a security. Footnote Raises Doubts…

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• Voyager Digital Resumes Withdrawals with $250 Million Outflow 

  TL;DR Breakdown Voyager Digital, a bankrupt crypto lender, has reopened withdrawals, allowing investors to access their funds after a year of halted transactions. Since the resumption of withdrawals, the platform has experienced a significant outflow of funds, with over $250 million worth of crypto assets flowing out. Description Voyager Digital, a bankrupt crypto lender, has recently allowed investors to resume withdrawals after nearly a year of halted transactions. Since the reopening of withdrawals on June 23, more than $250 million worth of crypto assets have flowed out of the platform. This article delves into the implications of Voyager Digital’s bankruptcy, the withdrawal process, … Read more Voyager Digital, a bankrupt crypto lender, has recently allowed investors to resume withdrawals after nearly a year of halted transactions. Since the reopening of withdrawals on June 23, more than $250 million worth of crypto assets have flowed out of the platform. This article delves into the implications of Voyager Digital’s bankruptcy, the withdrawal process, and the ongoing legal actions surrounding the company. Contents hide 1 Voyager Digital Reopens Withdrawals, Faces Major Outflow of…

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• Bitcoin mining and energy use: A catalyst for positive change?

  TL;DR Breakdown Energy consumption in Bitcoin mining remains a critical issue amongst environmentalists and crypto critics. Market analysts point out that the energy consumption of Bitcoin is minuscule compared to that of traditional financial institutions. Bitcoin’s energy consumption is not a problem in and of itself. Rather, the issue is the source of the energy being used. Bitcoin miners are increasingly turning to renewable energy sources such as solar, wind, and hydroelectric power.  At a time when climate change is a pressing concern, energy consumption in Bitcoin Mining has been a topic of heated debate. Detractors argue that the amount of energy consumed in mining Bitcoin is unsustainable and detrimental to the environment. However, some analysts believe that Bitcoin has the potential to catalyze a positive change in the energy sector. The myth of Bitcoin’s energy consumption Firstly, it is important to dispel the myth that Bitcoin is an energy hog. In reality, the energy consumption of Bitcoin is minuscule compared to that of traditional financial institutions. According to a report by the International Energy Agency, the banking system consumes…

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