Today @coinbase filed an amicus brief on behalf of @BebaCollection and @fund_defi to stop the destructive regulation-by-enforcement campaign waged by @SECGov against law-abiding American companies.  Most destructive of all is that the SEC itself can't even make up their mind

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BitMEX co-founder Arthur Hayes wrote that the recent Bitcoin crash may stem from traders' concerns about IBIT (BlackRock) […]
The article, "Arthur Hayes Speculates on BTC Crash Cause: 'Institutional Hedging Operations': IBIT Options Explode $900 Million," was originally published on BlockTempo, the most influential blockchain ABMedia media.

Arthur Hayes speculates that the reason for the BTC crash is "institutional hedging operations": IBIT options saw a surge of $900 million.

Unusual trading in BlackRock’s bitcoin ETF, iShares Bitcoin Trust (IBIT), has led traders to speculate that this week’s sharp Bitcoin drop may have been triggered by one or more Hong Kong–based hedge ...

Bitcoin Selloff Sparks Hedge Fund Speculation Around BlackRock ETF

Bitcoin ($BTC) has recently gone through a sudden shift on Bithumb, a well-known South Korean crypto exchange. In this respect, the $BTC/KRW trading abruptly plummeted over 10% below the worldwide ave...

Bitcoin Price Plummets on Bithumb after Staff Error Transfers 2,000 $BTC

The SEC proclaims the “existing” rules work for digital assets, yet gives no indication as to when the rules apply and how digital-asset firms possibly can comply with them. Meanwhile, companies face punitive, retroactive SEC enforcement actions for failing to achieve the… https://x.com/i/web/status/1850973096087302153

We appreciate the Court's consideration. You can read our brief here: https://assets.ctfassets.net/c5bd0wqjc7v0/XSLKViH53PdDVHAyAi7zC/651ad43341fa3960424ac0291c6546a8/Beba_v._SEC_-_Proposed_Amicus_Brief.pdf 3/3