China News by Thebittimes.Com

Mag7 crypto index futures will actually debut on September 22 as Coinbase launches the first U.S. derivative that combines technology stocks along with digital assets. This Coinbase futures launch 2025 offers Apple, Tesla, & Bitcoin exposure through a single contract, and it’s marking a historic moment for traditional equities crypto mix products right now. The MAG7 crypto trading strategy creates unprecedented access to both markets at the same time. Blog announcement showing “Coming September 22: Mag7 + Crypto Equity Index Futures” – Source: Coinbase Brian Armstrong had this to say: “We’re launching the first US futures that give exposure to the top US tech stocks and crypto at the same time. We’ll launch more products like this as part of the everything exchange. Coming on September 22.” How Coinbase Blends Mag7 Stocks With Crypto In New Futures Launch Dark blue graphic displaying “COMING SEPTEMBER 22 EQUITY INDEX FUTURES MAG7 + C...

Ethereum (ETH) soared more than 10% in the last 24 hours to reach a new all-time high (ATH) on Coinbase after Federal Reserve Chair Jerome Powell hinted at possible interest rate cuts during a speech at the Jackson Hole summit. The leading altcoin’s price crossed above $4,867 on the US crypto exchange for the first  time since November 2021. ETH just hit a new all-time high. That's it. That's the tweet. pic.twitter.com/wmBW7mP5Fp — Coinbase 🛡️ (@coinbase) August 22, 2025 Following the surge, the Ethereum price has pulled back slightly to trade at $4,737.54 as of 1:05 a.m. EST, according to data from CoinMarketCap. Despite reaching a record peak on Coinbase, both CoinMarketCap and CoinGecko show that ETH’s ATH still stands at $4,891.70. Powell Hints At Possible Interest Rate Cut Speaking at the Jackson Hole summit yesterday, Powell said a ”shifting balance of risks may warrant adjusting our policy stance,” sending markets on a...

Amid the ongoing overhaul of the US crypto policy and one of its key agencies, the US Securities and Exchange Commission (SEC) reportedly intends to dismiss its enforcement case against the Coinbase cryptocurrency exchange. Indeed, the agency has agreed, in principle, to drop the lawsuit, according to a report from the Wall Street Journal. The decision is now only pending the approval of key commissioners but could signal yet another turn toward embracing the asset class for the Trump administration. Since he was inaugurated in January, the SEC has sought to overhaul its stance regarding the emerging industry. JUST IN: SEC agrees in principle to dismiss enforcement case against Coinbase. — Watcher.Guru (@WatcherGuru) February 21, 2025 Also Read: SEC Launches Cyber Unit to Combat Cryptocurrency Fraud SEC Agrees to Dismiss Coinbase Lawsuit Pending Final Approvals The last several years have seen the SEC form a rather combative stance opposing the cryptocurrency sector. Under Gary Gensle...

1. U.S. December CPI MoM at 0.4%, Surpassing 0.3% Expectations link The United States reported a seasonally adjusted CPI monthly growth rate of 0.4% for December, exceeding the forecast of 0.3% and the previous value of 0.3%. The unadjusted annual CPI growth rate for December stood at 2.9%, aligning with expectations but higher than the prior reading of 2.7%. This marks the third consecutive monthly rebound, reaching a new peak since July 2024. Meanwhile, the unadjusted core CPI annual growth rate came in at 3.2%, the lowest since August 2024, slightly below market expectations of 3.3%. QCP Analysis highlighted that global markets rallied on the lower-than-expected CPI data, with Bitcoin surging to nearly $100,000. Bitcoin spot ETFs recorded a single-day net inflow of $723 million, reflecting robust institutional demand. In the options market, investors heavily purchased call options with strike prices ranging from $100,000 to $110,000, further underscoring optimism about the outlook ...

The Astros price jumped 7% in the last 24 hours to trade at $0.10072 as of 11:31 p.m. EST on trading volume that soared 60% to $2.62 million. Astros Price Aims For A Breakout The 15-minute chart for the ASTROS/USDT pair shows a relatively volatile price action of Astros  over the last trading sessions. Initially, there was a sharp decline followed by a period of sideways consolidation. This was succeeded by some bullish momentum, marked by a series of higher lows, suggesting a potential shift toward an uptrend. However, the current Astros price movement is consolidating in a tight range near the $0.100 level, indicating a phase of indecision. The 50-day Simple Moving Average (SMA) is trending upwards and currently supports the price action, signaling a short-term bullish bias. Meanwhile, the Relative Strength Index (RSI) is moving up, currently at 55, showing that the bulls may be gaining momentum. The MACD line is above the signal line, but only slightly, indicating weak bul...

The XYO price skyrocketed 128% in the last 24 hours to trade at $0.02921 as of 02:09 a.m. EST on trading volume that soared 1,909% to $176 million. This comes a day after rumors online pointed to a potential partnership between the Decentralized Physical Infrastructure Networks (DePIN) project and electric vehicle giant Tesla. Confirmed. Next Thursday December 12th I'll be visiting a @Tesla hardware installation center for the $XYO cybertruck. #EarlyPhases #BuildXYO 🛠️👷🏻‍♂️🚀 — Scott P. Scheper 🗃️ (@ScottScheper) December 2, 2024 XYO Price On A Sustained Bullish Rally To The Upside The price has clearly broken out of a consolidation phase around $0.0088 and is trending sharply upward, moving significantly above key moving averages, according to GeckoTerminal This indicates strong bullish momentum.  The price of XYO is now trading well above both the 50-day and 200-day Simple Moving Averages (SMAs)...

Crypto exchange Coinbase is dropping out of Turkey’s crypto market and liquidating its Turkish operation after withdrawing its application with the country’s financial regulator.   Türkiye Today reported that the country’s Capital Markets Board updated its company liquidation list last week. It noted that Coinbase had withdrawn its three-month-old pre-application and filed for liquidation.  When asked to comment on the withdrawal, Coinbase told Protos it, “Continually assesses potential markets for expansion,” and that it “remains adaptive to evolving market conditions, regulatory landscapes, and our internal priorities.” CHART: How bitcoin and crypto are taxed across the G7 Read more: Coinbase to delist WBTC months after Justin Sun controversy A total of 14 companies have reportedly filed for liquidation and 77 firms are going through the application process . Some crypto companies that have applied include Binance, Kucoi, and OKX. Oddly enou...

Pepe coin has experienced a significant surge, with its market cap rising from $7.58 billion to $8.5 billion in just 24 hours. This positive momentum is largely attributed to the removal of geographical restrictions, allowing New York residents to access and trade the coin on platforms like Coinbase. This move has increased Pepe coin’s exposure to a broader audience, which likely played a role in its price increase. This article will explore Pepe coin’s price prediction and highlight the Pepe Unchained presale, which has just 14 days remaining before major exchange listings. $PEPE Coin Price Prediction As of this writing, $PEPE is priced at $0.0000194, with a 24-hour trading volume of $3 billion and a market cap of $8.17 billion. The token has risen by 3% in the past 24 hours, adding to its 101% gain over the last 30 days. Despite these bullish signals, the possibility of Pepe coin reaching one cent is highly unlikely due to its fixed supply of 420 trillion tokens. Even...

Coinbase has rolled out trading support for the brand-new native token of an Ethereum (ETH) layer-2 restaking protocol. Customers at the top US crypto exchange can now buy and sell SWELL, which launched on Thursday. SWELL is the governance token for the Swell Decentralized Autonomous Organization (DAO), which manages the development and growth of the restaking protocol. SWELL also secures the project’s layer-2 infrastructure. Explains the project’s whitepaper, “Swell’s mission is to create a more secure, decentralized and transparent financial future for the world that does not discriminate or censor economic freedom. The beginning of that journey for Swell starts with continuing to advance liquid staking as one of the fundamental building blocks of modern-day decentralized finance (DeFi) that is composable and fully integrated with the Ethereum ecosystem.” Coinbase added the “experimental label” to SWELL, which the platform assign...

Coinbase and Binance’s claims to offer zero-fee listings have been called into question by big-name players in the crypto industry who say both exchanges have charged tens of millions of dollars for listings.    Late last week, Moonrock Capital CEO Simon Dedic wrote on X (formerly Twitter), about a “tier 1” crypto firm that he says, after a year of “due diligence,” was told to pay a sum equivalent to 15% of its token supply to list on Binance. Dedic said, “Imagine paying $50–$100 million just for a CEX listing.” This prompted Coinbase CEO Brian Armstrong to proclaim, “Asset listings on Coinbase are free.” What followed was an industry-wide back-and-forth about the legitimacy of this statement.  Andre Cronje, Chief Technology Officer at Sonic Labs, weighed in to point out that Binance charged his firm nothing . “Coinbase has asked us for; $300 million, $50 million, $30 million, and more recently, $60 million,” he said. Tron creator Justin Sun also said ...

A decentralized social media altcoin is nosediving just days after gaining support from the top US crypto exchange platform. New data reveals that social media token DEGEN went from a weekly high of $0.011 to $0.008 since being adopted by Coinbase on October 15th, a 27% drop. According to DEGEN’s website, the digital asset is a reward token for active participants of the decentralized social media platform Farcaster. Furthermore, it powers the Degen Chain, which is billed as a layer-3 built over Base, the blockchain of Coinbase. “DEGEN is a reward token for Farcaster users, born from meme culture. It uses a unique tipping system that empowers the community to reward quality content creators. It also powers the Degen chain, one of the pioneering layer-3s launched on Base, offering a platform for building and using Degen apps, often referred to as the ‘Las Vegas of blockchains.'” DEGEN, which launched earlier this year in January, has a su...

Coinbase CEO Brian Armstrong hit back at Tron founder Justin Sun, who called the launch of Coinbase’s new cbBTC token a “dark day for Bitcoin.” Sun criticized cbBTC in a Sept. 12 post on X for lacking Proof of Reserves, audits, and having the potential to freeze user balances. He derided it as a “trust me” system and warned that a US government subpoena could allow authorities to seize the underlying Bitcoin. “There’s no better representation of central bank Bitcoin than this,” he said. Armstrong responded in a Sept. 14 post on X, defending Coinbase’s transparency about cbBTC and its centralized nature. He pointed out that Coinbase has always been clear about being the custodian of the underlying Bitcoin. “Not sure what this is all about, TBH,” he said. ”As for cbBTC yes you’re trusting a centralized custodian to store the underlying BTC – we’ve never claimed otherwise.” Coinbase Believ...

Coinbase as a firm forbids its employees from disc US sing Politics , but this restriction doesn’t apply to the firm itself, which makes a variety of political donation s. Coinbase’s efforts have included expanding its lobbying efforts as well as supporting political action committees like Fairshake.  However, Coinbase has also been donating to organizations formed under Section 527, including both the Republican Governors Association (RGA) and the Democratic Governors Association (DGA).  ProPublica’s 527 Explorer, which uses IRS reporting information, shows that Coinbase donated $50,000 each to the RGA and the DGA in March. This wasn’t the first donation to either organization to come from Coinbase, with the RGA also receiving $500 in December and $50,450 days before FTX declared bankruptcy in November 2022.  Crypto lobbyists are busy preparing for the 2024 election Read more: Binance invested heavily in lobbying before guilty plea Besides these cont...

Judge rules SEC vs. Coinbase case to proceed. US District Judge Kathrine Failla however granted Coinbase’s motion on its wallet. A federal judge has ruled that the US Securities and Exchange Commission (SEC) lawsuit against crypto exchange Coinbase will move forward. US District Judge Kathrine Failla gave the ruling on Wednesday, with the court’s order denying Coinbase’s motion to dismiss the case. Judge denies Coinbase motion The SEC sued Coinbase in June 2023, alleging that the US-based company operated an unregistered crypto exchange and offered unregistered SEC urities. Judge Failla allowed the SEC’s case noting that the regulator had “sufficiently pleaded that Coinbase operates as an exchange, as a broker, and as a clearing agency under the federal securities laws, and, through its Staking Program, engages in the unregistered offer and sale of securities.” The court however, granted Coinbase ’s motion to dis...

ARK Invest has offloaded a further $20.6 million in Coinbase (COIN) share s, spanning three of its exchange-traded funds (ETFs). Of the Coinbase share s sold on Jan. 5, by Cathie Wood‘s investment firm, 107,151 share s ($16.5 million) were from the Innovation ETF, 15,892 share s ($2.4 million) from the Next Generation Internet ETF and 10,780 share s ($1.7 million) from the Fintech Innovation ETF. Cathie Wood and Ark Invest's trade activity from today 1/5. pic.twitter.com/mJ9Cfxx3Ot — Ark Invest Daily (@ArkkDaily) January 6, 2024 Including the $25.3 million in COIN share s sold on Dec. 3 and $4.1 million on Dec. 4, ARK Invest’s total sales of Coinbase stock reached $50 million last week, even as the stock declined by about 10%. This series of sales is a continuation of the firm’s strategy to maintain balance in its portfolio, particularly to avoid any single stock exceeding 10% of an ETF’s total value. You might also like: Cathie Wood hint...