Usa Financial News

Bitcoin (BTC) futures positions worth over $44 million were wiped out on Monday in choppy trade that saw the spot price of the world’s largest cryptocurrency by market capitalization swing more than $1000 (over 4%) between session lows around $26,400 and new highs for the month around $27,400.

In a new development today, the U.S. Securities and Exchange Commission (SEC) has asked a court to dismiss the objections raised by Binance US regarding the regulator's recent legal motion. 

in a collision during an air racing event in Reno in Nevada. The two aircraft collided at the end of the T-6 Gold race on Sunday on the final day of the National Championship Air Races at Reno-Stead Airport. “Around 2:15 p.m.

wage hike. This is the first time UAW has launched a simultaneous strike against all three automakers, according to the Financial Times. The strikes led to factory shutdowns in Michigan, Ohio, and Missouri.

Canadian fintech corporation WonderFi, a firm backed by billionaire Kevin O’Leary, recently announced a strategic partnership between Bitbuy and cryptocurrency ATM provider Localcoin ATM.

Binance CEO Changpeng Zhao played it cool in the hours leading up to the hearing in District of Columbia District Court on Sept. 18, posting a picture of branded merchandise with a cheery message about the company’s interns. 

The legal struggle between crypto exchange Binance and the United States Securities Exchange Commission (SEC) continues. The SEC has accused Binance.US of noncooperation in the ongoing investigation. The agency points out that Binance.US’s holding company, BAM, has produced only 220 documents during the discovery process. Many of those materials “consist of unintelligible screenshots and documents without dates or signatures,” the SEC said. The regulator added that BAM has refused to produce essential witnesses for deposition, instead agreeing only to four depositions of witnesses it has unilaterally deemed appropriate. 

The U.S. Federal Reserve made a significant announcement on Sept. 14, revealing accumulated losses of $100 billion in 2023. What’s more, this situation is expected to worsen for the Fed, according to Reuters. But for risk assets like Bitcoin (BTC), this may actually be a blessing in disguise. 

Tom Emmer, majority whip of the United States House of Representatives and crypto proponent, says that digital assets have become a “sleeper issue” in U.S. politics, both at the state and federal levels.

Senator Elizabeth Warren has garnered further support in the Senate for her soon-to-be-released Digital Asset Anti-Money Laundering Bill.

Hong Kong authorities have apprehended social media influencer Joseph Lam (Lin Zuo) for his involvement in the troubled JPEX exchange.

Coinbase, the largest US cryptocurrency exchange, has raked in $1 million in profit from the recent hack of DeFi platform Curve Finance.

Google prices online advertising, one of the issues at the heart of the antitrust trial under way in Washington. The government is seeking to show that Alphabet's Google broke antitrust law to maintain its dominance in online search. The search dominance led to fast-increasing advertising revenues that made Google a $1 trillion company.

Liquidity in the banking system has slipped into its deepest deficit in almost six months, inflating borrowing costs, as outflows due to corporate advance taxes and the Reserve Bank of India's likely actions to stabilise the rupee have drained lenders of funds. As of September 16, the RBI infused ₹68,785.94 crore into the banking system, the most since March 24, central bank data showed. An injection of funds by the RBI into the banking system indicates tight liquidity conditions. An ET report last week said advance tax collections in the first half of this fiscal year have increased 20% on-year to ₹3.54 trillion. «Advance taxes have gone out and GST is coming up, so there can be some tightness of liquidity. Having said that, in about 10 days or so, liquidity will be coming back into the system. In our view, the RBI would be happy with a liquidity range of say minus ₹50,000 crore to plus ₹50,000 crore from a broader perspective,» Indranil Pan, chief economist, Yes Bank, said. «While the advance tax outflows and the GST are relatively normal factors where the flows will come back into the system, the bigger concern from a structural liquidity perspective is the currency sale by the RBI,» Pan said.

Last year, Nasa selected 16 individuals—scientists, data and artificial intelligence experts, and aerospace safety experts—to study unidentified anomalous phenomena (UAPs). These sightings—of unidentified flying objects (UFOs) to you and me—are those that can’t be immediately classed as human-made or natural phenomena. With many credible witnesses, often military aviators, having reported seeing such objects, Nasa hopes the findings will help it separate UAPs from surveillance operations by foreign powers, thus ensuring the safety of planes over US skies, especially in restricted areas.

₹2 crore in damages, alleging unfair trade practices by Parle Agro. In 2017, PepsiCo began producing Doritos in India at its Kolkata plant.

«We don't want an asset that doesn't come with a full wallet,» Rollins said, referring to a trend since the crisis where banks want customers who want loans to also bring them their deposits. «We know that we're going to continue to be fighting for the dollars.» Rollins' southeastern regional bank is not alone.

interest rates to ward off the risk of causing "stagflation," the prominent economist Nouriel Roubini warned. The famously pessimistic Roubini said the recent rise in oil prices will keep headline inflation high and that any talk of easier monetary policy would be premature. The ECB and BOE face a bigger dilemma than the US Federal Reserve because prices are still rising fast and growth is slowing, he said. The BOE «should be hiking rates all the way to 5.75%,» Roubini said Monday in an interview on Bloomberg Television.

Outflows from crypto exchange-traded products (ETPs) reached $455 million over the previous nine weeks, according to a report from asset manager CoinShares. Outflows from ETPs generally indicate negative sentiment towards cryptocurrencies.

While many companies have been cutting staff and freezing new hires this year, the government is laying out the welcome mat. Public-sector jobs at the federal, state and local level have risen by 327,000 positions so far in 2023, according to the Bureau of Labor Statistics. That is approaching one-fifth of all new American jobs created in the first eight months of the year.

The failure of the bears to sink Bitcoin’s (BTC) price below $25,000-support ignited buying interest last week. The positive momentum picked up further at the start of the new week and buyers are trying to sustain Bitcoin’s price above $27,000.