• CoinGape's Newsletter
  • Posts
  • 🚨 How Will Mark Uyeda's Stance on Crypto Audit Trials Affect the Industry?

🚨 How Will Mark Uyeda's Stance on Crypto Audit Trials Affect the Industry?

News

SEC commissioner Mark Uyeda said that audit trials tracking sensitive investor data is over-regulation of private funds and breaching privacy

Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission (SEC), along with five SEC commissioners is all set to testify before the House Financial Services Committee on Tuesday, September 24. A day before, crypto-friendly SEC Commissioner Mark Uyeda objected to the consolidated audit trail (CAT) for cryptocurrencies, as it seeks to track investors’ sensitive data.

MicroStrategy chief Michael Saylor said that Bitcoin loans will help BTC holders to generate yield without selling their assets.

Following the green light from the SEC for the options trading on BlackRock Bitcoin ETF, discussions regarding Bitcoin yields have sparked up once again. In a recent podcast debate, MicroStrategy Chairman Michael Saylor shared his opinion on Bitcoin’s role in the traditional banking system.

The page lists some of the most popular meme coins and tokens available for trading right now. Our in-house experts have researched and profiled the top meme coins to invest in today.

The Meme world has overcome the myth of not being the profit-turning machine in the crypto domain. As of 24th September 2024, top Meme coins are moving in the right direction with a mind-blowing market cap of $38,092,199,266, which is only down by 2.08%. If we look at the 24-hour volume, $6,282,969,682, it has shown some dramatic movement. However, don’t forget to check the top gainers and top losers in this section.

Markets

BTC & ETH show a waning price action as ETFs note a sluggish performance. Major altcoins follow, but TIA price soared.

The crypto prices today have sparked considerable investor speculations across the globe. Bitcoin & major altcoins illustrated waning price actions, whereas Celestia (TIA) emerged as the day’s top gainers. Besides, the global crypto market cap saw a 0.81% decline in value to $2.22 trillion today. However, the total market volume experienced a 29% surge to $75.93 billion.

Discover why the crypto market is gearing up for a potential bull run this autumn. Explore key factors, all signaling the end of crypto summer and the start of a new rally.

As the calendar shifts from summer to autumn, the crypto market follows suit, signaling the end of a season marked by volatility and uncertainty. Crypto summer, from June 20, 2024, to September 22, 2024, was characterized by market crashes and brief rallies, leaving investors eager for what lies ahead. Historically, the transition from summer to autumn has often been the precursor to a bullish phase in the crypto market. Many believe the stage is set for a powerful bull run that could extend well into 2025 and 2026. Here are five key reasons why the crypto summer is over, and a new bull market may be imminent.

Traders target Bitcoin price at $100K as China announced massive stimulus to boost economy and Russia to pay in crypto for trade with China.

Bitcoin price is consolidating near $64K as bulls and bears fight near the inflection point, with fundamental and technical analysis setting the stage for a rally to $100K. In a major news impacting Bitcoin, China’s central bank announced broad monetary stimulus measures and rate cuts to boost the economy.