Bitcoin, Ether trading flat as SEC targets NFT firm


Bitcoin and Ether were little changed on Tuesday morning in Asia, while other top 10 non-stablecoin cryptocurrencies traded mixed. Cardano’s ADA led the gains following bullish comments from founder Charles Hoskinson. He predicted a surge in price past both Ether and Bitcoin. Solana’s SOL posted more losses, despite last week’s news of Solana Pay’s tie-up with Shopify. Analysts expect the generally downbeat summer mood in the crypto market to pick up in fall. Elsewhere, the Forkast 500 NFT Index continued to decline, reflecting more bad news for the NFT industry. The U.S. Securities and Exchange Commission (SEC) announced Monday it has charged L.A.-based media company Impact Theory LLC with securities violations related to its offering of NFTs. Meanwhile, U.S. equity futures were trading flat after Monday’s gains.

Summer blues

Bitcoin edged down 0.12% for the last 24 hours to US$26,050.51 as of 07:00 a.m. in Hong Kong. The token is down 0.30% for the week, according to CoinMarketCap data. The world’s leading cryptocurrency reached a high of US$26,198.58 in the early…

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