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SEC Lawsuits Against Binance and Coinbase: Unraveling Conflicts Hi Traders, Investors and Speculators of Charts📈📉 In recent developments that have rocked the cryptocurrency industry, the U.S. Securities and Exchange Commission (SEC) has filed lawsuits against major cryptocurrency exchanges Binance and Coinbase. These legal actions stem from alleged violations related to registration requirements and investor protection. Additionally, a potential conflict of interest has emerged, as former Binance job applicant Garry Gensler now serves as the head of the SEC. This write-up aims to shed light on the sequence of events, the accusations faced by both exchanges, and the implications for the crypto market. A - Binance Faces SEC Charges The SEC filed a lawsuit against Binance, one of the world's largest cryptocurrency exchanges, and its CEO Changpeng Zhao (CZ), accusing them of violating U.S. securities laws. The charges revolve around Binance offering and selling cryptocurrency derivatives to U.S. investors without being registered as a securities exchange. B - Coinbase Sued by the SEC The SEC also sued Coinbase, a prominent U.S.-based cryptocurrency exchange, alleging that it failed to properly register its planned lending product, Coinbase Lend. The SEC argues that the lending product qualifies as a security, and Coinbase should have registered it accordingly. However, Coinbase has filed a counter lawsuit aiming to prove how many times they have tried to reach out to the SEC for clarity. C - Conflict of Interest: Gensler's Connection to Binance Prior to joining the SEC, Garry Gensler reportedly applied for a job at Binance but was rejected. Soon after, he assumed his role as the chairman of the SEC. This situation has raised concerns about potential conflicts of interest, as Gensler now oversees the regulatory actions against Binance. The SEC are basing their entire case of a few key factos: ❗ Securities laws mandate that companies offering securities or related products to the public must register with relevant regulatory authorities. Failure to do so can result in legal action. ❗ Investor Protection: Regulatory bodies aim to safeguard investors' interests by ensuring transparency, disclosure of information, and adherence to applicable regulations. ❗Cryptocurrency Derivatives are still derivatives: Financial contracts whose value is derived from an underlying cryptocurrency, such as futures contracts or options. ❗Cryptos are Securities: Financial instruments, including stocks, bonds, or investment contracts, that represent ownership or participation in a company or enterprise. Implications for the Crypto Market The SEC's actions against Binance, Coinbase and Ripple signal increased regulatory scrutiny in the cryptocurrency space, highlighting the need for compliance with existing securities laws. However, it also points out how flawed the current system is as Garry Gensler basically has autonomy over decisions that may be conflict of interest. His actions are affecting the entire crypto space as well as stifling innovation since the SEC has been so negligent to work with the blockchain community for solutions. Not even to mention the shorts that were opened on both Binance and Coinbase just before the lawsuit news dropped, picked up by on-chain analysis as seen all over Twitter. This confirms and reiterates that politicians and other people in power have insider information on stocks, as was last seen with the Nancy Pelosi case. 💭Although this seems like an attack on blockchain, all of the above proves how desperately the world needs a new system that is unbiased, transparent and fair. With regulators desperately grabbing for strands of power in any way possible, it actually just strengthens the argument for blockchain and a cryptocurrency-based future. And finally, from a trading perspective, these are some decent discounts, hence I'm labeling this post as long. I'll be bagging up because this is a steal for both Coinbase stock and BNBUSDT. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We appreciate your support ! CryptoCheck ________________________________ Sauces: Reuters: "SEC sues Coinbase over failure to register" The New York Times: "SEC sues Binance over securities violations" CNBC: "SEC sues Binance and CEO Changpeng Zhao" Coin Telegraph: "SEC Gensler parallels Binance, FTX sued" BBC: "US regulator sues Coinbase over interest-earning product" CryptoSlate: "Coinbase seeks to withdraw staked ETH amid SEC lawsuit" YouTube: "SEC sues Binance and Coinbase" The Wall Street Journal: "SEC sues Binance and Coinbase: What the charges mean for crypto" NASDAQ:COIN BINANCE:BNBUSDT BINANCE:XRPUSDT PANCAKESWAP:NUTUSDT_9D4097 CRYPTOCAP:BNB
NASDAQ:COINLong
by Crypto-Check-
39
OIL dropped 1% as Fed call this draws uncertaintityI wanted to bring to your attention some recent developments in the oil and financial markets. Specifically, there are concerns about the impact of upcoming signals on the U.S. economy and monetary policy. This week, we expect U.S. consumer inflation data to be released on Tuesday, which will likely factor into the Federal Reserve's decision on interest rates on Wednesday. While the Fed is expected to keep rates steady, there is still some uncertainty because U.S. inflation is trending above the central bank's target range. As a result, markets are remaining cautious about any potential hawkish moves. Additionally, the dollar has firmed in Asian trade, putting pressure on oil markets by making crude more expensive for international buyers. I thought bringing these developments to your attention was essential, as they could impact this week's oil price. Please let me know if you have any questions or concerns via the comments.
TVC:USOILLong
by bryandowningqln
Alibaba ($NYSE:BABA) Price Action: Breakout Coming?TL;DR: Alibaba's stock price is approaching a crucial juncture as it encounters resistance at the weekly trendline and finds support near $80. With major indices possibly facing a correction, monitoring Alibaba's price movements is crucial for identifying a potential bullish trade opportunity. In this trading idea, we analyze Alibaba's ( NYSE:BABA ) price action and its breakout potential. The stock's undervalued fundamentals, coupled with resistance at the weekly trendline and historical support near $80, indicate a possible bullish move. Given the likelihood of a broader market correction, monitoring both market conditions and Alibaba's price movements is key. Alibaba's undervalued fundamentals, including strong growth projections and solid financials, enhance the attractiveness of a bullish trade. The stock's price action encounters resistance at the weekly trendline, while historical support near $80 acts as a reliable floor. A breakout above the trendline could signal a potential bullish trend. Considering the possibility of a correction phase for major indices, vigilance in monitoring both the broader market and Alibaba's price movements is crucial. Traders should assess sustained price movements above the resistance level for potential bullish entry signals. Implementing proper risk management, such as setting a stop-loss order below the historical support level, is essential. Staying informed about market conditions, news events, and company-specific developments is necessary to evaluate the ongoing viability of the trade. Disclaimer: This trading idea is for informational purposes only and not financial advice. Conduct independent analysis and exercise due diligence before making trading decisions. Trading involves risk, and past performance is not indicative of future results.
NYSE:BABALong
by arielfuggini
$PINC Punished for Lack of Working Capital?Premier health seems to be flashing some hands off signals at the moment.Based on an analysis of earnings against potential growth, fair value for NASDAQ:PINC would be around $40.38, but the stock is trading 54% below that target. They are even trading below the average analyst target of $33.40. These are signs that something is weighing on the market value of the firm. Potential Issues for Investors Include: 1. Cash to Equity at 4%: This suggests that the company has an insufficient amount of cash to fuel growth and handle liabilities. I would direct investor attention to the company's negative working capital and 20% drop in operating cash flows. 2. Shareholder Dilution: Premier seems to be constantly issuing new shares, which negates any market value that could be had from an increase in earnings. 3. Net Cash Negative: Total debt held by the company is down trailing 12 months, but still leaves the company with -$3.31 net cash per share over that same time period. Key Point: The company is over leveraged amidst tight financial conditions and margins in the healthcare space are dropping like a hot rock. This draws concern as the company has been working with negative working capital for 5 straight years. To mention a few bright spots, the company generating $84 in free cash flow for every $100 in earnings and seems to at least over the past 12 months be looking to reduce their debt. The company is projected to see earnings growth of 5.6% over the next 5 years, but is priced for no growth. Investors who look at this as a mispricing and buy today could see a push toward our forward looking valuations. This could yield as much as a 55% increase in the stock price. On the other hand the key question would be; can the company survive long enough to fix the problems? Investors who believe they will survive can look at this as a reasonable opportunity to buy ahead of any capital appreciation. Earnings are steady over the long term with over 4,400 member hospitals in their circle which should keep the money coming in. Worst case scenario, they become an acquisition target down the line, but in the mean time, I the market is sending signals that hands off is the policy. No growth value is definitely an enticing price point, but maybe a look at next quarter's earnings could provide more insight on the company's direction. PINC faces increased competition from other healthcare improvement companies, such as Optum and UnitedHealth Group. These companies are investing heavily in new technologies and solutions, which could put pressure on PINC's margins. PINC also faces a number of regulatory challenges, such as the implementation of the Affordable Care Act and the rising cost of healthcare. These challenges could make it difficult for PINC to grow its business and maintain its profitability. Income and cash flows have taken a step down in 2023. Cash flows are projected to continue to decline in 2024 and return to growth in 2025.
NASDAQ:PINC
by D1Finance
Japan Weakens - Invest in USDJPY Now!As you may have heard, Japan's economy has been experiencing some weakening lately. The country's GDP has declined for the past two quarters, and its government is struggling to stimulate growth. In addition, the Bank of Japan has been keeping its interest rates at harmful levels, putting pressure on the yen. But what does this mean for us as traders? Simply put, it means that now is the perfect time to invest in USDJPY. Moreover, with Japan's economy weakening, the yen is also expected to weaken, making the USDJPY pair an excellent option for traders looking to make some profits. So, what are you waiting for? Take advantage of this opportunity and invest in USDJPY now! You could make some serious gains with the right strategy and some luck. As always, I recommend researching and analyzing before making any investment decisions. However, if you're looking for a good investment opportunity, USDJPY is worth considering. I hope you found it informative and helpful.
Long
by bryandowningqln
SPX The S&P 500 is heading towards a major resistance around the 4310 level. This is the last major resistance that needs to be taken in order to go up. With the current state of the economy the rejection of this level is the most likely scenario. The rise in interest rates see no end this summer. And historically there tends to be a market crash after they stop raising rates and start cutting them. Another factor is that the government will raise the debt celling causing more money to be printed which weakens the state of the economy even more. But generally will cause prices in the market to rise. The only thing that will make the market really bullish is some new development or technology such as AI that will rapidly increase production in the United States. But currently we are at a 50/50 point on which direction we will end up going heading into 2024. The main things to watch are the debt celling bill and the terms with in it, the Fed reserve rate hikes and what they project in the future, and any major news development of new tech and trade deals, as well as energy production and government easing restrictions on drilling.
SP:SPX
by MarketMastermindsGroup
3M Position Trade✨ NEW: 3M...UT (3M, 3D) ✨ POSITION TRADE ✨ BLO1 @ 74.34 BLO2 @ 50.99 (Wealth Trade - I may never let this position go) TP1 @ 112.53 (shave 25% from BLO 1) TP2 @ 175.83 (shave 25% from BLO 1) TP3@ 215.82 (shave 25% from BLO 1) 3M Co. is a technology company that creates industrial, safety, and consumer products. They operate under different segments such as Safety and Industrial, Transportation and Electronics, Health Care, and Consumer. Recently, the company has faced a major challenge involving around 260,000 pending lawsuits due to their military earplugs malfunctioning. The outcome of these legal proceedings could greatly impact 3M, either causing severe consequences or presenting a unique investment opportunity. Our team predicts that despite the uncertainty, institutions will likely intervene and purchase 3M's stock as it returns to its established pattern of gradual and steady growth, also known as the company's intrinsic or true value. However, it is important to acknowledge that the future outcome is still subject to change and could sway in either direction. Here is my strategy: I plan to sell 25% of my BLO1 holdings at every take profit point, while keeping the remaining amount for a long-term investment. However, I have no plans to sell any of my BLO2 holdings and will be holding them for the long term. This is commonly referred to as the "diamond hand strategy." Happy Trading‼️
NYSE:MMMLong
by CashFalcon
1
Is Paypal a Memestock?Mounting debt may be an issue, but there's no way NASDAQ:PYPL should look like this from a chart perspective. While NASDAQ:NVDA became the 6th largest company in the world today, Paypal used to be a $400+ billion dollar enterprise, but it looks like junk now. What gives? The company still throws off more than $30b in revenue a year, pricing it at only 2.5x sales??? A lot of worry has been put into NASDAQ:AAPL launching their new payments platform, but no actual product has hit the market yet. Until then, PayPal is still for sure the global leader and an undervalued player relative to its peers. Maybe NASDAQ:EBAY will buy them back?
NASDAQ:PYPLLong
by CrosbyVenture
DraftKings goes bull!DKNG just beat earnings! Having picked up a small number of calls as an earnings play based on the underlying financials of the asset, their market dominance, and the strong technicals provided on the chart, it seems evident that DKNG as a company is poised to make a run. Short-term / scalp opportunity: It will likely gap-fade the open first, so I would watch Friday trading hours closely. If the gap-fade happens, traders should look to go long when the fade pattern completes. Call options with 5-10 days expiry in the $22-23-24-25 strike ranges would be an excellent way to leverage this, depending on risk tolerance and position size. Medium-term / swing trade opportunity There is some resistance around the $25 mark, so this is the level to watch. Assuming this level is broken, traders should go long. Aggressive swing-traders could take position as early as today, but more risk-averse traders should look to take position upon break of this level which confirms the pattern illustrated here. Long-term investment opportunity While DKNG does not pay dividends, the chart shows that it is poised to make a significant run. Investors and other long-term traders should look to enter this position as it has the potential to return over 100% on the asset.
NASDAQ:DKNGLong
by Leveraging_P
1
Edison International AnalysisEdison International, a company of a worthy name but unworthy financials. For the past 7 years, their profit margin was between 5% and 10% per year, except in 2018 where it went negative. Let's call that a decent performance for a utility company, one bad year can happen to anyone. But where things get interesting is its debt. For one reason or another, Edison has been steadily growing its debt year after year which can best be seen by looking at its debt/equity. The ratio has been steadily growing from 1.04 in 2016 to 2.12 in 2022, a very slow, steady and consistent journey to where you do not want to go. To make the picture even grimmer, the company didn't have a single year with positive free cash flow since 2016, which certainly didn't help with debt. Now, those decent profit margins, in the context of that debt, raise a question - Is the company making money just so it can spend more money it doesn't have ? I don't know what the folks at Edison have in mind, but it appears as things in there run in reverse. As if good business is building debt instead of equity and never having any cash at your disposal. Or maybe I've got it wrong, who knows. Anyway, we'll find out, to modify Warren Buffett - time will tell who's been swimming naked. Have A Great Day.
NYSE:EIX
by vmaksimovic
General Electric AnalysisGeneral Electric, the old behemoth of the American Industry. Since 2016, half the time GE ended a year with negative profit. At other times profits were less than 8%, all combined, not very good, to say the least. But, from 2019 to 2022, GE has aggressively reduced its massive debt. Although a drop in equity occurred as well, the debt reduction was more significant with debt/equity dropping from 3.34 to 0.96, year after year. Exceptional. It seems something like this would require major restructuring and a highly disciplined business practice, which is a great feat in and of itself considering the depth of business abyss GE was dealing with. Even though there is a long way to go to steady income and healthy finances, I am looking forward to the next chapter of this great giant. It will, I'm sure, at least bring us a lot of good business excitement, and possibly, the ever so thrilling story of rags to riches - again. Have a Great Day.
NYSE:GE
by vmaksimovic
DISH Network AnalysisThis stock is dirt cheap. But is it undervalued ? For the past seven years, Dish has maintained a profit margin between 10% and 14%. And for the same period, they managed to grow equity from 5B to 18B dollars. Very good. But, at the same time, the lowest debt/equity was 1.15 in 2020, which is too high. All the other years it was higher, with the highest 3.57 in 2016. They managed their cash well, except in 2022 when free cash flow went negative, which probably means more debt to come. All in all, with their debt going up and down, it's as if they're on a rollercoaster of leverage. Dish has decent margins, but I think they need far bigger chunk of their revenue to get their debt under control. To make things trickier, Dish's price ratios such as price/earnings and price/sales are at historic lows, which is usually an indicator of undervaluation, but is it valid in this case ? Honestly, it's hard to say. With all the company's struggles, the most appropriate answer would be - I don't know.
D
by vmaksimovic
Regions Financial AnalysisThis is a fantastic company. High, stable and consistent profit margin standing at 25%, on average, per year, for the past 7 years, seems to be the pillar of performance for this banking services provider. Second stellar attribute is its ability to control debt and cash. Since 2018 to present, Regions has managed to aggressively eliminate debt, making its Debt/Equity drop from 0.94 to 0.18, making it a very healthy company running on equity rather than debt. Also, over the same period it manages to keep its equity stable at around 15B$. Since 2016, the company has very good control of its cash, keeping its cash on hand(free cash flow) always at or above the level of net earnings for the year. Currently, company's cash on hand can cover its debt in full. All this, healthy finances and consistently high profit margins, makes Regions an outstanding company. Considering its 10 year low PE, which was around 6.3 and its current PE which is 6.8, it is safe to say that at 16$ per share, with this kind of business performance, Regions is a good investment. Have a great day.
NYSE:RFLong
by vmaksimovic
DXY: BRICS Creating New Reserve CurrencyHi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. For the past eight decades, the U.S. dollar has been the dominant global currency following the Second World War. It has been widely accepted worldwide, with only a few exceptions, and is commonly recognized by the image of Andrew Jackson and the seal of the U.S. Treasury, making it the most recognizable export of the United States. The U.S. dollar became the reserve currency of the world following the Second World War, mainly because the United States was the dominant global economic and military power at the time. The Bretton Woods Agreement of 1944 also played a crucial role in establishing the dollar's role as the world's reserve currency. Under this agreement, other countries agreed to peg their currencies to the U.S. dollar, which was backed by gold. This made the U.S. dollar a stable and reliable currency for international transactions, leading to its widespread acceptance as a reserve currency. Additionally, the U.S. had a large trade surplus, making it easier for other countries to hold dollars as reserves to pay for U.S. goods and services. The dominance of the U.S. dollar as the world's reserve currency has been a source of both admiration and resentment among other countries and superpowers. Many countries have benefited from the stability and liquidity that the U.S. dollar provides as a reserve currency, allowing them to conduct international trade and investments with greater ease. However, some countries have also experienced the negative effects of dollar dominance, such as the risk of currency fluctuations and the potential for U.S. monetary policy decisions to have spillover effects on their own economies. The U.S. dollar was not only commonly used in international transactions but also widely held as a long-term store of value across the globe. Central banks worldwide held more U.S. dollars than any other currency. This resulted in low borrowing costs for Americans , which allowed middle-class people to buy homes. Furthermore, the U.S. government was able to incur significant debts without apparent consequences due to the dollar's global dominance. Americans may not have been aware of this situation, but it had a favorable impact on their daily lives. Occasionally, the Congress discussed the debt ceiling, but it seemed like an abstract topic that most people did not care about since America controlled the global reserve currency and could print U.S. dollars. This privilege made money cheap, and Americans enjoyed benefits that were not available to other countries. However, the thought of losing this dominance was too terrible to contemplate, and concerns began to arise around the time the Russian military entered Ukraine about a year ago. The consequences of such a loss would be dire, and it was a worrisome issue. The Russian military's invasion of Ukraine was destabilizing, as wars typically are. However, it was the West's reaction to the invasion that raised concerns. U.S. policymakers, led by USA President Joe Biden and supported by Republican senators, seemed intent on not only toppling the Russian government but also disrupting the post-World War II economic order that had benefitted the U.S. for decades. The sanctions weren't expected to harm the U.S. economy more than the Russian economy. Russia's economy is not heavily reliant on financial services but on natural resources such as oil, gas, iron, and coal . Despite the sanctions imposed on Russia, its Ruble remains stable against the US dollar, which suggests that the sanctions did not have a significant long-term impact on Russia's economy. The seizure of Russia's central bank's dollar reserves was intended to collapse Russia's credit system and cause bank runs, but it didn't happen. The USA did not consider the dangers when using the dollar, the sign of security and unity, as a weapon. The result of this is unsurprising, many countries lost confidence in the dollar. And so, Russia, Brazil, Pakistan, India, Malaysia, France, China, and Saudi Arabia are conducting business in currencies other than the US dollar, such as the Chinese currency Yuan. This is happening at a fast pace and shutting out the US dollar, which is losing trust from other countries due to its use as a weapon and excessive printing, leading to inflation and currency devaluation. 💭Final Thoughts 💭 We look to history to speculate on the future. As the saying goes, history repeats itself. During the First World War, the German government borrowed heavily to finance the war effort, resulting in a significant increase in national debt. The government continued to print money to pay for its expenses, which led to hyperinflation and a collapse of the German economy in the early 1920s. In 1923, the German mark was practically worthless, and people had to carry wheelbarrows of money to buy basic goods. This hyperinflation had a devastating effect on the German people, wiping out their savings and pensions and causing widespread poverty and social unrest. The situation stabilized when the German government introduced a new currency, the Rentenmark, backed by mortgages on agricultural and industrial land which restored some degree of confidence in the currency. The German government basically inflated their currency due to excessive debt accumulated from war. The United States has a similar history with wars, relying on the reserve currency status to recover from the economic damage of these wars. However, considering the large economical impact of Russia and BRICS's contribution the the economy, it could be catastrophic due to the current state of the US economy. The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring the possibility of creating a new reserve currency as an alternative to the US dollar-dominated international financial system. The proposal was discussed at a virtual meeting of the BRICS finance ministers and central bank governors, with a goal to decrease the dependency on the US dollar and increase trade between member countries. However, no specific details were provided yet about the potential reserve currency. _______________________ 📢 Show us some LOVE 🧡 Follow for daily updates and trade ideas on Crypto , Stocks , Forex and Commodities 💎 We thank you for your support ! CryptoCheck
TVC:DXYShort
by Crypto-Check-
53