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US charges 18 people, companies for cryptocurrency fraud
FILE PHOTO: Bitcoin and ether souvenir tokens plunge into water
By Nate Raymond
BOSTON (Reuters) -Four cryptocurrency companies and 14 individuals have been charged in what U.S. prosecutors on Wednesday called the first criminal prosecution of financial services firms for market manipulation and sham trading in the crypto sector.
Federal prosecutors in Boston charged the firms Gotbit, ZM Quant, CLS Global and MyTrade and their leaders and employees in a case that also involved charges of people overseas. Five people have agreed to plead guilty or have already done so.
FILE PHOTO: Bitcoin and ether souvenir tokens plunge into water
By Nate Raymond
BOSTON (Reuters) -Four cryptocurrency companies and 14 individuals have been charged in what U.S. prosecutors on Wednesday called the first criminal prosecution of financial services firms for market manipulation and sham trading in the crypto sector.
Federal prosecutors in Boston charged the firms Gotbit, ZM Quant, CLS Global and MyTrade and their leaders and employees in a case that also involved charges of people overseas. Five people have agreed to plead guilty or have already done so.
QCP Capital: Some institutions are increasing bullish bets in December and March contracts
QCP Capital's latest report pointed out that the cryptocurrency market has stabilized after last week's volatility, but implied volatility remains high. The market seems to be still preparing for important events this week, especially the Trump-Harris debate (9:00 Beijing time on September 11) and the release of CPI data (20:30 Beijing time on September 11).
Given the speed of price declines last week, the market remains cautious about downside risks, and the risk reversal of BTC and ETH still favors put options until October. Despite short-term noise and price fluctuations, QCP Capital remains structurally bullish.
The market also seems to be using this pullback to increase long-term bullish positions. The company observed that large buyers purchased call options expiring on March 28, 2025 (strike prices of 85k, 100k, and 120k US dollars).#Market_Update #BTC☀ #LongTermAnalysis
QCP Capital's latest report pointed out that the cryptocurrency market has stabilized after last week's volatility, but implied volatility remains high. The market seems to be still preparing for important events this week, especially the Trump-Harris debate (9:00 Beijing time on September 11) and the release of CPI data (20:30 Beijing time on September 11).
Given the speed of price declines last week, the market remains cautious about downside risks, and the risk reversal of BTC and ETH still favors put options until October. Despite short-term noise and price fluctuations, QCP Capital remains structurally bullish.
The market also seems to be using this pullback to increase long-term bullish positions. The company observed that large buyers purchased call options expiring on March 28, 2025 (strike prices of 85k, 100k, and 120k US dollars).#Market_Update #BTC☀ #LongTermAnalysis
*Why measure fear and greed?*
Cryptocurrency markets behave very emotionally. When markets rise, people tend to become greedy, leading to FOMO (fear of missing out). Additionally, people often react irrationally and sell their coins when seeing red numbers. With our Fear and Greed Index, we try to save you from emotional overreaction. There are two simple assumptions:
*Extreme fear may be a sign that investors are too worried. This could be a buying opportunity. When investors become too greedy, it means the market is about to*#sideway #Market_Update #BTC☀
Cryptocurrency markets behave very emotionally. When markets rise, people tend to become greedy, leading to FOMO (fear of missing out). Additionally, people often react irrationally and sell their coins when seeing red numbers. With our Fear and Greed Index, we try to save you from emotional overreaction. There are two simple assumptions:
*Extreme fear may be a sign that investors are too worried. This could be a buying opportunity. When investors become too greedy, it means the market is about to*#sideway #Market_Update #BTC☀
historical values know the market is bearish
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