Investment Education

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 …

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 …

Lawyers for short-seller firm Citron’s Andrew Left reportedly said he would “never” accept a plea …

Ethereum price struggled to clear the $3,400 zone and corrected gains. ETH is firm near …

Bitcoin price started a downside correction from the $70,000 resistance. BTC is now correcting gains …

Kyiv Police and the nation’s special police unit have arrested and detained four suspects believed …

According to Foresight News, law professor Brian Frye and Jonathan Mann, the creator of 'Song a Day Mann,' have filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) and its five commissioners. The lawsuit was submitted to the U.S. District Court for the Eastern District of Louisiana on Monday. The plaintiffs' attorneys accuse the SEC of launching a campaign to assert jurisdiction over the sale of digital artworks, using examples such as Taylor Swift concert tickets and referencing two recent NFT-related cases by the agency. Both companies involved in these cases are preparing NFT projects and are seeking a court ruling on the matter. The SEC has declined to comment on the lawsuit. Ashley Ebersole, Chief Legal Officer at 0x Labs and a former SEC attorney, noted that previous SEC enforcement actions regarding NFTs have been settled, leaving courts with limited opportunities to determine whether NFTs qualify as securities.

According to BlockBeats, the market has fully priced in a rate cut by the Federal Reserve in September. However, a key question for the Federal Open Market Committee (FOMC) meeting on July 30-31 is how clearly the FOMC will signal this move. Economists, including Anna Wong, believe that the communication from the July meeting will only provide a preliminary hint of a rate cut in September. Federal Reserve Chair Jerome Powell is expected to indicate that a rate cut is possible if the data evolves as anticipated. The main reason for this cautious approach is the significant amount of data yet to be released before the FOMC meeting on September 17-18, including two inflation and employment reports, which could show considerable changes. The best time to clearly signal a September rate cut would be during Powell's speech at the Jackson Hole central bank symposium at the end of August, by which time he will have an additional month of employment and inflation data.Economists' expectations for the July 30-31 FOMC meeting are that, despite calls from many Wall Street analysts for a rate cut, the FOMC will unanimously decide to keep rates unchanged at 5.25%-5.50%. Since the June FOMC meeting, inflation data has been encouraging, while economic activity data has been somewhat concerning. Overall, the committee is likely to view the balance of risks between its two goals—price stability and full employment—as roughly equal.

Attorneys representing the artists drew parallels to Taylor Swift concert tickets, which are often sold …

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