The crypto sector also saw its largest Bitcoin short squeeze since May amid a new high spurred by traditional interest in cryptocurrencies.
Several Wall Street Banks, including Goldman Sachs, have cut their outlook on growth in China as the economy struggles.
The US central bank chairman Jerome Powell has stated that there would be two more rate hikes in 2023. Bank of America expects these hikes to come in July and September.
The deal will require Binance.US to submit its operating expenses to the court and the SEC to protect the business as the case progresses.
On Tuesday, June 13, the markets reacted positively to the publication of inflation data.
The price of Bitcoin is now experiencing some stability after heavy volatility following last week’s events in the crypto sector.
While the SEC’s designation of some cryptocurrencies as securities has shaken the market, the development companies behind these assets have strongly rejected the regulator’s characterization.
Meta will work towards making these AI capabilities accessible to people.
The SEC has filed lawsuits against Coinbase and Binance, categorizing numerous cryptocurrencies, including Chiliz, Flow, Dash, and Near, as securities, further solidifying its aggressive stance on crypto regulation.
The new lawsuit against Coinbase is coming only a few hours after the SEC sued Binance for violation of the same US securities rules.
Binance said that although it takes the SEC’s actions seriously, it will defend its position in the court “vigorously”.
Observers are watching Apple stock, expecting that it would spike as Apple announces a new headset for augmented or virtual reality.
The significance of OPEC+ in the global oil market cannot be understated, as the alliance accounts for approximately 40% of the world’s crude oil production.
OPEC+ will continue with its plan to cut down on production and reduce supply, but did not change its target notwithstanding further cuts.
Payrolls rose 339,000 in May, exceeding expectations and indicating a resilient labor market.