August 29 BTCUSD BingX Chart Analysis and Today's Headline

There are no prizes for guessing how Bitcoin ended its latest weekly candle.Despite holding $26,000 into the close, BTC/USD immediately went downhill after that, wicking to $25,880 before consolidating slightly higher, data from TradingView shows.The current market liquidity issue has not been resolved yet, and with September approaching, it is expected that significant market movements will only occur next month.

SEC Brings First NFT Enforcement Action in Case Against Podcast Studio

The Securities and Exchange Commission charged a Los Angeles-based podcasting studio on Monday over "conducting an unregistered offering of crypto asset securities," marking the agency's first enforcement action involving an NFT project. Impact Theory raised roughly $30 million from hundreds of investors, the SEC said. The company is co-founded by Tom Bilyeu, host of a YouTube show and podcast also called Impact Theory. Bilyeu's YouTube channel has more than 3.7 million subscribers, and previous guests have included actor Matthew McConaughey.The company "encouraged potential investors to view the purchase of a Founders Key as an investment into the business, stating that investors would profit from their purchases if Impact Theory was successful in its efforts," the SEC said. "The order finds that the NFTs offered and sold to investors were investment contracts and therefore securities."

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