b4823917

@b4823917

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Notably, Patomak signed Sam Bankman-Fried’s now-defunct exchange FTX as a client in January 2022, around 10 months before the exchange imploded.

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After leaving the SEC, Atkins founded the financial sector consultancy firm Patomak Global Partners in 2009. Patomak specializes in regulatory advice, risk compliance services and enforcement and litigation support.

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“When we look at how the commission is going to work moving forward, they have familiarity. They’ve already rolled up their sleeves and been in the war together,” said Carbone.

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Both Peirce and Uyeda were staffers for Atkins during his six-year stint at the agency.

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Notably, Patomak signed Sam Bankman-Fried’s now-defunct exchange FTX as a client in January 2022, around 10 months before the exchange imploded.

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After leaving the SEC, Atkins founded the financial sector consultancy firm Patomak Global Partners in 2009. Patomak specializes in regulatory advice, risk compliance services and enforcement and litigation support.

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“When we look at how the commission is going to work moving forward, they have familiarity. They’ve already rolled up their sleeves and been in the war together,” said Carbone.

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Both Peirce and Uyeda were staffers for Atkins during his six-year stint at the agency.

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@danathan048345

The crypto market drawdown has wiped out more than $1.7 billion in leveraged positions within the past 24 hours, with over $1.3 billion being wiped out over the last 12 hours alone.

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@danathan048345

The drop in OI for memecoins indicates bearish momentum in the market as leverage traders close more contracts in anticipation of further decreases in price.

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@danathan048345

DOGE saw its IO drop by over 20% on the day to $3.1 billion, nearly six times WIF’s $519 million in OI, which had decreased by 27% over the same period. PEPE’s OI was standing at $302.4 million, down approximately 11%.

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@danathan048345

Open interest refers to the total amount of pending derivative contracts that have not yet been settled. In a futures contract, for every seller, a buyer is required to settle the contract.

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@danathan048345

The drop in memecoins on Dec. 10 was preceded by a decrease in open interest (OI), with Pnut (PNUT) leading the retreat with a 30% decline in OI over the last 24 hours.

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The total daily trading volume across the memecoin sector has nearly doubled over the same period, indicating the intensity of the selling pressure over the past 24 hours.

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The last time the memecoin market cap was below $120 billion was on Nov. 27 when it rested at $118 billion. The aggregate market value of cryptocurrencies in this sector is down 21% over the last 24 hours.

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The latest drop in memecoin prices has seen the total market capitalization of the sector shrink to reach a three-week low of $119.6 billion as of Dec. 10.

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On the other hand, failure to hold above $0.80 would signal the inability of the buyers to stop the sell-off, with the next logical move being the $0.60 to $0.49 demand zone, where all the major simple moving averages sit.

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If the bulls are able to sustain the uptrend, they are likely to push ADA higher, with the $2.40 level representing the upside target for the buyers.

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Interest in the keyword “Microsoft Bitcoin“ on the Google search engine has surged ahead of the vote on Dec. 10, according to Google Trend’s seven-day timeframe data. Increased search activity for crypto-related keywords often reflects curiosity among retail traders.

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Despite the proposal’s inclusion, the “Board Recommendation” section advised shareholders to vote against it. Microsoft’s board of directors stated that the company’s management had already thoroughly evaluated the matter.

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