The U.S. Securities and Exchange Commission (SEC) is seeking an additional $158 million for its 2025 budget to address the growing complexities in financial markets, particularly the challenges stemming from the crypto sector. U.S. Securities and Exchange Commission Requests Increased Budget According to the SEC’s March 11 Congressional Budget Justification, the agency is requesting a...
Thailand Digital Asset Association has warned Thai users that the recent crypto price uptrend could potentially attract hackers. The association which comprise of a network of blockchain evangelists, aims to create awareness among citizens on the dark side of crypto-asset bubble. According to Suppakrit Boonsat, founder of Bitcast and the association’s director, despite the crypto...
Grayscale’s spot Bitcoin exchange-traded fund (ETF), GBTC, has seen the biggest outflow on March 18 as Bitcoin price continues to drop. As per BitMEX Research, a total amount of $643 million exited Grayscale Bitcoin ETF on the day. Bloomberg Intelligence ETF analyst Eric Balchunas stated that it is the “biggest outflow for GBTC thus far.”...
The Crypto Council for Innovation (CCI) has filed an amicus brief on March 18 in support of Coinbase challenging the Securities and Exchange Commission (SEC) denial of its rulemaking petition. In December 2023, the SEC denied Coinbase’s petition for rulemaking. Coinbase has argued that the SEC has acted arbitrarily. An amicus curiae are briefs written...
-- North American investors still have more room to invest in Japanese stock markets, BOFA analysts said in a recent note, with a bulk of investors on the cusp of allocating more capital after a stellar rally over the past year. Citing meetings with U.S. and Canadian investors, BOFA said that while several Asian investors...
In recent trading activity, the John Rosatti Revocable Trust, a significant shareholder in BurgerFi International, Inc. (NASDAQ:BFI), executed a series of stock sales totaling over $36,000. The transactions, which took place on March 14, March 15, and March 18, were disclosed in a regulatory filing with the Securities and Exchange Commission. According to the filing,...
In a recent transaction on March 15, Jeremy Garber, the President and Treasurer of Postal Realty Trust, Inc. (NYSE:PSTL), sold 3,651 shares of the company\'s Class A common stock. The sale was executed at a price of $14.0 per share, resulting in a total value of $51,114. The transaction was disclosed in a filing with...
Michael J. Arougheti, the Co-Founder, CEO and President of Ares Management Corp (NYSE:ARES), has recently sold a significant portion of his stock in the company. According to the latest filings, Arougheti sold shares totaling approximately $15.1 million. The transactions occurred over two days, with a range of prices per share. On March 14, 2024, Arougheti...
By Jonathan Stempel NEW YORK (Reuters) - Reddit and Google\'s YouTube were ordered by a New York state judge to face lawsuits seeking to hold them responsible for helping enable the avowed white supremacist who killed 10 Black people in 2022 at a Buffalo, New York grocery store. Justice Paula Feroleto of the Erie County...
-- Most Asian stocks fell on Tuesday amid persistent anxiety over an upcoming Federal Reserve meeting, while Japan\'s Nikkei 225 pared early losses after the Bank of Japan hiked interest rates but maintained a dovish stance. Regional markets took little cheer from a positive overnight close on Wall Street, with U.S. stock index futures falling...