The post CFTC accuses fund manager of hiding crypto, futures losses behind fake investor returns appeared on BitcoinEthereumNews.com.
The U.S. Commodity Futures Trading Commission [CFTC] has charged a North Carolina commodity pool operator and his company with fraud. It alleged that they raised more than $14 million from investors while concealing heavy trading losses across futures, options, and crypto assets. According to a complaint filed in federal court, Trevor L. Vernon and Argent Capital Management LLC allegedly solicited funds from at least 60 investors. They did so by portraying the investment pool as consistently profitable. This is despite suffering millions of dollars in losses and operating what the CFTC described as a Ponzi-like scheme. CFTC alleges fake returns masked heavy trading losses The CFTC alleges that between March 2022 and February 2026, Vernon and Argent Capital Management accepted more than $14.8 million from investors through a commodity pool known as Argent
The US's decision against a CBDC under Trump strengthens private stablecoins, impacting global digital currency dynamics and regulatory approaches.
The post CFTC chairman confirms the US will not pursue a CBDC under Trump appeared first on Crypto Briefing.
The post United States: Inflation expectations edge higher as oil rises – DBS appeared on BitcoinEthereumNews.com.
DBS Group Research’s Philip Wee reports that the New York Fed’s June Survey of Consumer Expectations showed 1-year inflation expectations rising to 3.7%, with 3-year expectations at 3.3% and 5-year unchanged at 3%. Despite higher oil and survey readings, futures pricing for a September Fed hike only nudged up, and consensus still sees a negative June CPI print. Survey and CPI expectations “The New York Fed’s June Survey of Consumer Expectations surprisingly reported that 1-year inflation expectations rose to 3.7% from 3.5% in May, the highest since September 2023.” “Consumers also expected inflation to rise to 3.3% from 3.1% over the next three years, but unchanged at 3% over the next five years.” “Prior to the report, New York Fed President John Williams expected headline inflation to decline alongside energy prices, confident that monetary policy was well positioned to a
The post Stocks vs crypto: Comparing two popular investment options appeared on BitcoinEthereumNews.com.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. DOGEBALL is drawing interest from investors comparing traditional stocks with crypto presales as they seek higher-growth digital asset opportunities. Summary DOGEBALL highlights crypto presales as investors compare digital assets with traditional stocks for growth opportunities. Investors weigh stocks versus crypto as DOGEBALL gains attention for its utility-focused blockchain ecosystem and presale growth. DOGEBALL positions itself as a utility-driven crypto presale as investors seek early-stage opportunities beyond traditional markets. Many retail investors stand at a financial crossroads trying to decide where to allocate capital. Traditional stock markets have offered stable, long-term wealth creation for generations. In contrast, the d
DOGEBALL is drawing interest from investors comparing traditional stocks with crypto presales as they seek higher-growth digital asset opportunities. Many retail investors stand at a financial crossroads trying to decide where to allocate capital. Traditional stock markets have offered stable,…
The post CFTC Accuses North Carolina Firm of $14 Million Crypto and Futures Commodity Pool Fraud appeared on BitcoinEthereumNews.com.
The fraud charges were made against Trevor Vernon and Argent Capital Management for the $14 million commodity pool fraud. It is said that the company falsely represented the trading records, registration, and profitability to its investors, who incurred huge losses. The U.S. Commodity Futures Trading Commission has commenced a civil action in federal court against Trevor Vernon and Argent Capital Management LLC. According to regulators, the defendants operated an illegal commodity pool engaged in the trading of cryptocurrencies, futures, and options. As mentioned in the complaint, nearly 60 individuals have invested close to $14 million in the trading scheme. The agency claims that Vernon used the marketing scheme to promote himself as a seasoned trader through investor communications and performance updates. Instead, regulators claim that the accounts o
US-Iran tensions heighten crypto market volatility, prompting increased regulatory scrutiny and potential compliance challenges for investors.
The post US airstrikes hit Bandar Abbas as Iran tensions rattle crypto markets again appeared first on Crypto Briefing.
The post WTI surges above $74 as Trump confirms MoU with Iran is over appeared on BitcoinEthereumNews.com.
West Texas Intermediate (WTI), futures on NYMEX, soars 3.2% to near $74.30 during the European trading session on Wednesday, the highest level seen in two weeks. The oil price surges as the confirmation from United States (US) President Donald Trump that the memorandum of understanding (MoU) with Iran, which aimed at ending the war in the Middle East, is over, has revived risks of global energy supply disruption. Speaking at the NATO summit in Ankara, Türkiye, US President Trump said, I think the MoU with Iran is over.” Trump added, “We attacked very powerfully last night, the very dangerous people from Iran. They’re sick; there’s something wrong with them,” Moneycontrol reported. Last night, the US Central Command confirmed attacking Iran’s military infrastructure in response to Tehran striking commercial ships transiting through the Strait of Hormuz, a vital passage to almost on
The post Forex Today: Markets await FOMC Minutes while tensions in Middle East escalate appeared on BitcoinEthereumNews.com.
Here is what you need to know on Wednesday, July 8: The market sentiment sours on Wednesday as investors assess the latest headlines surrounding the Middle East conflict. Later in the American session, the Federal Reserve (Fed) will publish the minutes of the June Federal Open Market Committee (FOMC) meeting. In the meantime, investors will keep a close eye on geopolitics. US Dollar Price This week The table below shows the percentage change of US Dollar (USD) against listed major currencies this week. US Dollar was the strongest against the Japanese Yen. USD EUR GBP JPY CAD AUD NZD CHF USD 0.10% -0.12% 0.55% -0.23% -0.07% -0.15% 0.42% EUR -0.10% -0.24% 0.46% -0.35% -0.13% -0.28% 0.27% GBP 0.12% 0.24% 0.59% -0.09% 0.11% -0.04% 0.51% JPY -0.55% -0.46% -0.59% -0.80% -0.50% -0.66% -0.16% CAD 0.23% 0.35% 0.09% 0.80% 0.28% 0.13% 0.62% AUD 0.07% 0.13% -0.11% 0.50% -0.2