Crypto markets were little-changed on Monday, with Bitcoin (BTC) and Ether (ETH) trading between $29,500 and $31,500. “These levels could be important in the near-term,” said SEBA Bank in a morning note. “With U.S. CPI expected this week, a break of either level could see a trend emerge.” A number of crypto gainers from last week were pulling back, including Avalanche’s AVAX, down 5%, and Solana’s SOL, which dipped 4%.
Coinbase (COIN) acknowledged the possibility that federal securities laws would apply to its listings years ago, the U.S. Securities and Exchange Commission (SEC) argued in a new filing Friday. The SEC sued Coinbase a month ago, alleging it was operating as an unregistered broker, clearinghouse, and exchange, having listed at least 13 different cryptocurrencies that are unregistered securities. The SEC said that it would oppose any motion for judgment Coinbase might submit, and asked a court to strike the exchange’s arguments that the suit violated the major questions doctrine and other concerns.
Around 15 retail central bank digital currencies (CBDCs) could be in circulation across the world by the end of this decade, according to a survey carried out by the Bank for International Settlements (BIS). Nine central banks had also indicated they’re “very likely” to issue a CBDC for wholesale use in financial markets within the next six years. Of the 86 central banks surveyed by BIS, 93% are now undertaking CBDC work.