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Jul 26 • 7 tweets • 2 min read
👀 Shares of Coinbase Global fell 14% on Tuesday after media reports on Monday that the crypto exchange is facing an investigation from the Securities and Exchange Commission. wsj.com/livecoverage/s…

$COIN #COIN #Coinbase
A Bloomberg report said that Coinbase, the biggest cryptocurrency exchange in the U.S., is facing an SEC investigation into whether it improperly allowed Americans to trade digital tokens that should have been registered as securities
On Thursday, the SEC charged a former Coinbase product manager, his brother and his friend with insider trading.
In the complaint, the agency alleged that the nine cryptocurrencies involved in the case, including seven that are currently listed on Coinbase, are unregistered securities.
“We are confident that our rigorous diligence process—a process the SEC has already reviewed—keeps securities off our platform, and we look forward to engaging with the SEC on the matter,” Paul Grewal, chief legal officer at Coinbase, said in a statement to The Journal.
$COIN $56.31 — down 16.04%
#COIN
sec.gov/news/press-rel… Image

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More from @Ryan__Rigg

Wolf of My Street🏡 Profile picture
Jul 29
$AMC saw some of these levels yesterday play out as we quickly saw the gap above get filled and hit the $15.05 fib level with a high of $15.29 (low of day $14.20) — markets then slumped quickly after the bell as reaction to the GDP report and from the FOMC pump on Wednesday.
Nearing lunch time we start to see the broader market lift and by the afternoon an upward trend was happening. $AAPL & $AMZN beat last night in AH helped set up the $SPY to reach $409.69 in AH — closed at $406.07 and currently $407.73 in PM
$AMC closed Thursday right above its 50DEMA of $14.54 at $14.58. After the initial run and sell off in the morning, $AMC tried testing that $14.73 level a couple times in the afternoon and nearing close.
Read 6 tweets
Wolf of My Street🏡 Profile picture
Jul 28
Here’s what I’m watching today $AMC #AMC
‼️Mentioned GDP report in my summary

2Q22 GDP -0.9% bea.gov/data/gdp/gross… Image
Read 6 tweets
Wolf of My Street🏡 Profile picture
Jul 27
How’d these levels play out today? Let’s take a look. $AMC HOD at $14.54 which is the 50DEMA — acted as resistance today. Hammer printed today. GDP report at 8:30AM EST tomorrow. Will await price action for direction and confirmation of hammer.
Gaps remain. #AMC
Thread⬇️ Image
$AMC low of day $13.82 —
Was watching $13.61 fib level if above $13.82
#AMC high of day $14.54 — was watching $14.20 fib level if above $13.94
Caught a little breakout today after #FOMC
Didn’t see a test of $14.73 for the $15.05 fib level as was rejected at $14.54 —the 50DEMA ImageImageImage
Earnings are 1 week from tomorrow and the market rallied today after #FOMC — caution tomorrow

Watching gap above at $14.73 if above $14.54 to set up possible $15.05 fib level
Watching $14.20 if below $14.48
$13.61 if below $13.82
$13.02 if below $13.26
$12.28 if below $12.41 Image
Read 5 tweets
Wolf of My Street🏡 Profile picture
Jul 27
Federal Reserve issues #FOMC statement

Recent indicators of spending and production have softened. Nonetheless, job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated, reflecting supply and demand imbalances related
to the pandemic, higher food and energy prices, and broader price pressures.

Russia's war against Ukraine is causing tremendous human and economic hardship. The war and related events are creating additional upward pressure on inflation and are weighing on global economic
activity. The Committee is highly attentive to inflation risks.
The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals, the Committee decided to raise the target range for the federal funds rate
Read 9 tweets
Wolf of My Street🏡 Profile picture
Jun 24
The U.S. House Committee on Financial Services (FSC) has finally released it!

Game Stopped: How The Meme Stock Market Event Exposed Troubling Business Practices, Inadequate Risk Management, and The Need for Legislative and Regulatory Reform

@RepMaxineWaters @FSCDems
Full report here financialservices.house.gov/uploadedfiles/…

I’m reading it now.
.@FSCDems
Read 55 tweets
Wolf of My Street🏡 Profile picture
May 28
Richard Irvin answers questions after Ken Griffin donates $25M to campaign

#RichardIrvin is a candidate for Governor in Illinois and has been collecting the bag from big donors such as Ken Griffin.

The Rabbit hole runs deep with this one.

video via @ABC7Chicago
Ken Griffin’s Trading Firm Tied to Company Aided by Richard Irvin: Report

Citadel Securities, the firm founded by mega-wealthy Illinoisan Ken Griffin, works with a company that got major help from Aurora Mayor and gubernatorial hopeful Richard Irvin
– the same GOP candidate Griffin’s so far backed to the tune of $20 million. That’s according to a Bloomberg story published Thursday. news.wttw.com/2022/04/21/ken…
Read 19 tweets

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