SEC labels FTT a security, FTX and Alameda Execs Plead Guilty

Stocks are in the red again after temporarily bouncing yesterday. The S&P 500 dropped 1.91%, while the Nasdaq fell 3.31%. Markets have shifted their attention from yesterday’s strong December consumer sentiment data to the new regime of increasingly tighter financial conditions from central banks worldwide. BTC is currently trading near $16,600 while ETH trades at $1,186, down 1.45% and 2.21%, respectively. Crypto exchange Huobi Global’s HT token is one of the few tokens in the top 50 by market cap to see gains over the last day, rising 2.00%. The outperformance follows a recent announcement that they have partnered with Visa to launch a worldwide Huobi-branded Visa Card. The card will be linked to Huobi user accounts, offer numerous benefits on the platform, and allow them to spend their digital asset balance to pay for goods or services at any of the 80 million merchants that accept Visa worldwide.