The most important indicator for bitcoin's price direction at the moment is the iShares Tech-Software ETF, and it's down another 3% on Tuesday. 

Commodity Futures Trading Commission Chairman Mike Selig fired a legal warning shot defending his agency's jurisdiction over the event contract space. 

Some reacted with concerns about dilution for existing shareholders due to the stock price decline and the related-party nature of the transaction. 

We are officially entering the ‘crypto tax enforcement era’, but the new rules, written by people who don’t understand crypto, could have some big repercussions for the industry as a whole. 

The results were particularly notable given the struggles at peers Robinhood and Coinbase.