Morning Briefing: Crypto 'wild west' needs more investor protection, says SEC

Moomoo Breakfast US wrote a column · Aug 4, 2021 05:19

Morning Briefing: Crypto 'wild west' needs more investor protection, says SEC

By Julianna

Hey, moomooers! Here are things you need to know before the opening bell:

- U.S. stock futures were little changed in early Wednesday morning trade after the S&P 500 rose to another fresh record during the Tuesday regular session.

- Sony Group Corp.'s first-quarter net profit rose 9.4% from a year earlier as stronger earnings from its electronics and music businesses offset weaker results from gaming.

Market Snapshot

U.S. stock futures were little changed in early Wednesday morning trade after the S&P 500 rose to another fresh record during the Tuesday regular session.

$Dow Jones Industrial Average(.DJI.US)$futures were 43 points lower.$S&P 500 index(.SPX.US)$futures also sat near the flatline while$Nasdaq Composite Index(.IXIC.US)$futures were in mildly positive territory.

Source: Bloomberg

Crypto

The crypto market is going down for three days in a row as the market concern on upcoming regulations about crypto sector.

$Bitcoin(BTC.CC)$was trading at $37,727 at the time of writing, dipping 1.55% today, and roughly 9% down from the first day of August.$Ethereum(ETH.CC)$was trading at 2,477, losing 0.50%.

$Alphabet-C(GOOG.US)$has resumed allowing advertisements related to $Bitcoin(BTC.CC)$and other cryptocurrencies on its network, but the move comes plenty of restrictions.

Source: moomoo

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