The Daily Hodl
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Analytics Firm Glassnode Says Bitcoin Euphoria Phase Still Young – Here’s Why
- April 16, 2024
- Posted by: MasterAdmin
- Category: The Daily Hodl
No CommentsBlockchain analytics firm says Bitcoin (BTC) is still in a “euphoria phase” despite its recent correction based on on-chain metrics.
In a new report, the firm says BTC’s current downward price action is still tame compared to previous cycles, suggesting that the crypto king is in the earlier stages of a bull run.
“If we return to the magnitude of drawdowns we alluded to earlier, we can see that despite the large-scale profit taking by existing holders, the magnitude of pullbacks remains historically small.…
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Coinbase Seeking To File Interlocutory Appeal in SEC Lawsuit on ‘Investment Contract’ Definition
- April 16, 2024
- Posted by: MasterAdmin
- Category: The Daily Hodl
Top US crypto exchange Coinbase is looking to file an interlocutory appeal in its lawsuit with the U.S. Securities and Exchange Commission (SEC) regarding the definition of an “investment contract.”
In a new thread, Coinbase chief legal officer Paul Grewal says that the crypto exchange is filing an interlocutory appeal because they and the SEC disagree on the definition of “investment contract.”…