The CFTC&#8217;s initiative could streamline crypto regulation, fostering innovation and potentially increasing market stability and investor confidence. The post CFTC explores allowing futures exchanges to offer spot Bitcoin, crypto trading appeared first on Crypto Briefing.

CFTC explores allowing futures exchanges to offer spot Bitcoin, crypto trading

The U.S. Commodity Futures Trading Commission will allow spot crypto contracts 
to trade on federally registered exchanges, a landmark step to bring digital 
asset markets under direct federal oversight. The announcement, published Aug. 
4 on the CFTC’s website, is part…

CFTC to allow spot crypto contract trading on registered exchanges

Top global crypto exchanges face mounting legal peril in the Philippines after 
being accused of illegally targeting users and violating strict new digital 
asset compliance rules. Philippine SEC Flags Major Crypto Exchanges Operating 
Illegally in the Country The Philippine Securities and Exchange Commission 
(SEC) published an advisory on Aug. 4, alerting investors about unregistered 
offshore […]

Philippine SEC Flags 10 Crypto Exchanges Defying New Digital Asset Regulation

US Representative Dina Titus has asked the CFTC to investigate Brian Quintenz, 
Donald Trump’s pick to run the agency, over his ties to Kalshi.

CFTC pressured to probe nominee Brian Quintenz over ties to Kalshi

Data shows the Bitcoin Fear &amp; Greed Index has rebounded from the neutral zone, 
a sign that market indecisiveness was short-lived. Bitcoin Fear &amp; Greed Index 
Is Back In Greed Region The &#8220;Fear &amp; Greed Index&#8221; refers to an indicator 
created by Alternative that keeps track of the net sentiment present among the 
traders in the Bitcoin and wider cryptocurrency markets. Related Reading: XRP 
MVRV Flashes Death Cross: More Decline Ahead? The metric uses data of these 
five factors to determine the investor mentality: trading volume, volatility, 
market cap dominance, social media sentiment, and Google Trends. To represent 
the sentiment, it uses a numerical scale running from zero to hundred. All 
values above 54 correspond to greed among the investors, while those under 46 
to fear in the market. The region between the two cutoffs corresponds to a net 
neutral trader sentiment. Besides these three main zones, there are also two 
&#8216;extreme&#8217; territories called the extreme greed and extreme fear. The former 
occurs above 75 and the latter below 25. Historically, Bitcoin and other 
cryptocurrencies have tended to move in the direction that goes contrary to 
the expectations of the majority. The likelihood of such a contrary moving 
occurring has also only gone up the more sure the investors have become of the 
asset&#8217;s direction. As such, when the Fear &amp; Greed Index is in the extreme 
zones, tops and bottoms can be probable to occur. Investors using a trading 
technique called contrarian investing exploit this fact. Warren Buffet&#8217;s 
famous quote encapsulates the idea: &#8220;be fearful when others are greedy, and 
greedy when others are fearful.&#8221; Now, here is how the current cryptocurrency 
market sentiment looks, according to the Fear &amp; Greed Index: As is visible 
above, the Fear &amp; Greed Index has a value of 64, which suggests that the 
investors as a whole share a sentiment of greed. The picture was different 
just yesterday, when the market held a neutral mentality. The weekend low of 
53 in the metric was likely a result of the bearish action in Bitcoin that 
took its price to $112,000. Similarly, the return of greed may be caused by 
the slight recovery in the asset. The Fear &amp; Greed Index spent July in and 
around the extreme greed zone, ending the month at a value of 72. Given this 
trend, the plunge this month may be an effect of the streak of optimism among 
the investors. Related Reading: Bitcoin Plunge Below $115,000 Wipes Out $700M 
In Crypto Longs With sentiment now observing a reset, it remains to be seen 
how Bitcoin will develop from here on out and whether market sentiment would 
get overheated once more. BTC Price At the time of writing, Bitcoin is 
floating around $114,900, down around 2.5% in the last seven days. Featured 
image from Dall-E, alternative.me, chart from TradingView.com

Bitcoin Neutral Sentiment Didn’t Last Long: Investors Already Greedy Again

A key priority of the proposed PAC would be to send the Bitcoin price to $10 
million, according to Bailey, and positioning “for the long term.”