• The U.S. Securities and Exchange Commission is advising brokers and investment advisers to take extra precautions when it comes to recommending crypto products.
• Deribit is launching free trading of bitcoin and other tokens, setting up a fresh price war among digital asset exchanges as they seek to re-emerge after a bruising year for the industry.
• NFT marketplaces have seen a drop in daily users and sales recently, reaching new lows not seen since July 2021.
U.S. SEC Warns Brokers on Crypto Recommendations
The U.S. Securities and Exchange Commission (SEC) has issued a bulletin warning brokers and investment advisers that they need to use heightened scrutiny when it comes to making crypto recommendations, in order to ensure that these risky products are in the best interests of their clients.
Deribit Sets Up Crypto Exchange Battle with Push into Free Trading
Crypto derivatives exchange Deribit is launching free trading of bitcoin and other tokens, creating a new price war between digital asset exchanges as they strive to bounce back after an incredibly difficult year for the industry.
NFT Marketplaces Sales, Users Drop
According to data from Dune analytics platform, the number of daily users and sales across NFT marketplaces has been declining over the past week, hitting lows not seen since July 2021.
BTC/USD Price Analysis
The Bitcoin-Dollar pair plummeted 2% in last session according to Stochastic-RSI indicator which shows an oversold market with support at 27527.3333 resistance at 31061.3333 .
ETH/USD Price Analysis
The Ethereum-Dollar pair rose 0.3% against the Dollar in last trading session with Stochastic indicator giving negative signals; support at 18088967 resistance at 21678167 .
Daily Economic Calendar
Today’s economic calendar includes US Baker Hughes US Oil Rig Count at 17:00 GMT, Japan’s Jibun Bank Manufacturing PMI & Services PMI both at 00:30 GMT; Jibun Bank Manufacturing PMI gives early snapshot of health of Japanese manufacturing sector while Services PMI gives insight into performance of service sector & overall economy respectively