Bitcoin, Ethereum, XRP, Dogecoin Up As Market Awaits Nvidia Earnings

Leemon Baird, the co-founder of Hedera Hashgraph, is voicing a strong vision for the future of digital assets. He argues that the maturing crypto sector will transform the way people interact with value. According to him, tokenization will not stay limited to cryptocurrencies. Instead, it will extend into nearly every area of society, from finance […]

The post CFTC to Surveil Crypto, Prediction Markets Using Nasdaq Platform appeared on BitcoinEthereumNews.com. In brief The CFTC will start using Nasdaq’s Market Surveillance platform to enhance its ability to detect fraud and market manipulation in crypto and production markets. The shift comes as lawmakers mull the CLARITY Act. A White House report recently recommended that the CFTC impose requirements on reporting market data for certain crypto firms. The Commodity Futures Trading Commission is stepping up efforts to surveil financial markets, tapping technology from Nasdaq to gain a more granular view of crypto transactions, according to a press release published by the regulator on Wednesday. Nasdaq’s Market Surveillance platform, which covers a dozen asset classes, including digital assets and prediction markets, represents a significant upgrade, the CFTC said, as it moves to replace its “‘90s-era legacy system” for detecting illicit behavior among market participants. Prediction markets have been buzzy, with the president’s son joining Polymarket’s advisory board on Tuesday. Still, a Nasdaq spokesperson told Decrypt that prediction markets mirror derivatives that the CFTC has regulated since the agency was established in 1974. “Prediction markets operate in the same way as most derivative markets, with similar potential for market abuse and manipulation,” the spokesperson said. “The technology can therefore be adapted to serve almost all forms of event-based markets.”  At the same time, the CFTC acknowledged that markets have changed rapidly in recent years, with digital infrastructure providing round-the-clock trading. “The growth in both traditional and new markets and products, combined with innovations in market structure, such as the launch of continuous trading hours, require increasingly sophisticated tools to prevent and detect potential market abuse,” the CFTC said. The shift also comes as U.S. lawmakers mull the CLARITY Act, a comprehensive piece of crypto legislation that would establish jurisdiction between the U.S. Securities and Exchange Commission and the CFTC.  The bill was passed in the U.S. House…

The post What Crypto Whales Are Buying For Potential Gains in September  appeared on BitcoinEthereumNews.com. Following July’s market-wide uptick, August has brought a sharp pullback, with many digital assets either consolidating in tight ranges or sliding lower amid lackluster trading activity.  This shift in momentum has fueled uncertainty among retail investors, but on-chain data shows crypto whales are still actively positioning themselves for gains in September.  Arbitrum (ARB) Layer-2 (L2) token ARB is one of the assets crypto whales are eyeing for gains in September. On-chain data reveals that since August 24, large holders with wallets containing between 100,000 and 1 million ARB have accumulated 2.1 million tokens. For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. ARB Whale Activity. Source: Santiment The uptick in whale accumulation comes amid the token’s sideways movement since mid-August. Daily chart readings indicate that the token has faced strong resistance at $0.58 while finding support around $0.47, suggesting it has been consolidating within this range for several weeks. If whale accumulation continues to grow, it could provide the buying pressure needed for the token to break above the $0.58 resistance, potentially pushing prices up to $0.62.  ARB Price Analysis. Source: TradingView Conversely, a slowdown in whale activity could weaken support at $0.47, triggering a downtrend to $0.45. Uniswap (UNI) DeFi token UNI is another asset that large investors are holding for potential gains in September. According to Nansen, the top 100 addresses holding the largest amounts of UNI on-chain have increased their holdings by 4% over the past week.  Large Holder Activity. Source: Nansen Continued accumulation by these top holders could encourage retail investors to follow suit, potentially driving a UNI price rally toward $10.25.  UNI Price Analysis. Source: TradingView Conversely, the token could face a pullback to $8.67 if bearish pressure intensifies. PEPE Frog-themed meme coin…