The issues have been resolved on both platforms, Coinbase and CoinMarketCap stated. The companies have yet to disclose the cause or causes of the issues.

Coinbase said that it was “a display issue” that “did not impact trading.” Some customers earlier had seen inflated values for nontradeable crypto assets on Coinbase.com and Coinbase Wallet, it stated in a tweet.

Several users have tweeted about the issues they experienced and lampooned the experience of seeing drastically inflated values in their Coinbase wallets.

A tax break for charitable donations is slated to end soon — Here’s how to use it before it disappears

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These new Kia and Hyundai EVs are both rated for more than 300 miles of range

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Why get cash back when you can get wine? Some new credit cards are going beyond typical rewards.

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Holy cow! Colorado rancher bilked investors out of $5 million in cattle Ponzi scam

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Was the deadly Kentucky tornado due to climate change? It’s ‘complicated’

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Just last week, the business communications services and marketing company said it accepted a $10.35 a share offer from Atlas Holdings LLC, a markup from a previous offer of $8.52 a share in late November.

R.R. Donnelley said it terminated the agreement with Atlas after Atlas waived its right to renegotiate after Chatham’s offer. Back in October, Chatham had offered $7.50 a share for R. R. Donnelley.

Shares of R.R. Donnelley fell 2.8% after hours, following a 0.5% decline to close the regular session at $11.01. Shares are up a whopping 584% over the past 12 months, compared with a 27% gain in the S&P 500 index
SPX,
-0.75%.

“With the Federal Reserve expected to accelerate the speed at which it tapers its bond-buying program and signal faster rate hikes next year, crypto prices are likely to suffer further turmoil in the months ahead,” Jesse Cohen, senior analyst at Investing.com, wrote to MarketWatch through email.

“Higher interest rates tend to cause violent sector rotations as investors dump risky assets, such as cryptocurrencies, for safer bets, like value stocks,” Cohen wrote.

Edward Moya, senior market analyst at Forex trading platform OANDA, echoed the point. “The fear is that if rate hike expectations become too aggressive, Wall Street may finally get that long-awaited pullback that will send markets to risk-off mode and punish the most profitable trade, which has been cryptos,” Moya wrote in Monday notes.

“Bitcoin should remain trapped between the $42,000 and $52,000 level leading up to Wednesday’s FOMC decision and updated forecasts,” according to Moya. 

Bitcoin’s rise for the past two years may be partially attributed to the popular narrative that the cryptocurrency can be used as a hedge against inflation, though bitcoin has tended to trade in tandem with the stock market recently, some analysts said.

“Crypto markets, in general, have seen some phenomenal price appreciation due to its large appeal as a hedge against inflation,” Richard Snow, analyst at Forex DailyFX wrote through email.

Some argued that the Fed meeting may not necessarily lead to a further downturn of major cryptocurrencies. “Should the Fed surprise the market and delay the pace of the taper, Bitcoin is likely to enjoy a very fast relief rally,” Matt Blom, global head of sales and trading at crypto exchange Eqonex, wrote in Tuesday notes. 

“It could also be argued that the Fed taper is already priced in, so barring signaling of an early interest rate rise, a rally is currently the most likely outcome anyhow,” according to Blom.

The U.S. stock market was under pressure on Tuesday afternoon. The Dow Jones Industrial Average
DJIA,
-0.30%
 fell 83 points, or 0.2%, to 35,565 Tuesday afternoon. The S&P 500
SPX,
-0.75%
  was down 34 points, or 0.7%, at 4,634. The Nasdaq Composite
COMP,
-1.14%
 dropped 177 points, or 1.2%, to 15,236.9.

Read more: Why bitcoin may face another 20% plunge in coming weeks, as ‘risk is heightened,’ says prominent technical analyst: ‘We’re watching $37,000.’

Read more: U.S. stocks lose ground after hotter-than-expected wholesale inflation reading as Fed kicks off meeting

After Russia invaded Crimea in 2014, the U.S. government imposed sanctions on an estimated 735 individuals and entities connected to Russian industry and Putin’s power brokers. The sanctions were intended to both limit access to the U.S. financial system and tighten controls on U.S. exports. These were sensible measures. But they left a glaring hole, since American investors can still buy and sell securities and investment products of leading Russian companies.

After the Crimean invasion, eight of Russia’s largest companies were sanctioned, including Gazprom
OGZPY,
+3.37%,
Sberbank
SBRCY,
+0.89%,
Lukoil
LUKOY,
+3.13%,
VTB
VTBR,
+2.91%,
Novatek
NOVKY,
-9.30%,
and Rosneft
RNFTF,
-7.78%.
However, as former Reagan National Security Council (NSC) senior director Roger Robinson Jr. has noted, these companies are still trading on U.S. stock exchanges. And both Gazprom and Sberbank remain state-owned—and under Moscow’s influence.

In a recent interview, Robinson explained that the U.S. Commerce Department currently maintains 453 Chinese companies on its “Entity List.” Due to their involvement in programs related to “weapons of mass destruction” or “activities contrary to U.S. national security,” these companies are blocked from accessing U.S. equipment and technology. However, only four of them are actually barred from raising money in U.S. capital markets.

This points to a wider problem, since Wall Street isn’t just trading Russian companies. Many of China’s leading companies are also available through U.S. exchanges and other investment products.

Earlier this year, the U.S.-China Economic and Security Review Commission (USCC) reported that 248 Chinese companies are listed on U.S. stock exchanges. Many of these companies are state-owned, and as the USCC explains, are subject to the “pressure and control” of the Chinese Communist Party.

Essentially, Wall Street is helping to prop up Chinese firms that directly compete with American companies and workers. For example, China Mobile
941,
-0.54%
 funnels R&D funds to Huawei so that it can develop its spying network technology. Others, like Aluminum Corporation of China, build aluminum mills that compete with America’s aluminum producers. Most concerning, though, are the companies that supply Beijing with advanced technologies for the nation’s military buildup and modernization. That includes a new hypersonic glide vehicle tested this summer that’s capable of carrying a nuclear warhead.

This is an egregious lapse for America’s national security. While the federal government bans these entities from directly contracting with U.S. individuals and businesses, Wall Street is still helping them raise money from America’s retail and institutional investors. Doing so has allowed China’s repressive regime to expand its dominance both at home and abroad.

As the Biden administration weighs policy options regarding Russia’s buildup along the Ukraine border, Washington must confront the fact that Wall Street is helping to fund this very aggression. And even as a potential Russian invasion of another sovereign nation looms, Russian companies are continuing to raise money from U.S. investors.

In late 2020, President Donald Trump responded to China’s duplicitous use of America’s stock markets. He issued an executive order establishing new rules to prevent Beijing from using America’s capital markets to fund Chinese military companies. President Joe Biden has largely sustained this policy toward companies connected to China’s military and industrial complex. 

Now, the Biden administration must use all the deterrence tools available and apply capital-market sanctions against Russian companies previously punished for Crimea but still enjoying access to U.S. markets.

Ultimately, Biden must expand this executive order to include any foreign companies that aid America’s adversaries—not just those directly connected to China’s military operations. Otherwise, Wall Street’s self-interest will continue to override U.S. national and economic security.

Michael Stumo is CEO of the Coalition for a Prosperous America (CPA). Follow him on Twitter at @michael_stumo

University president Martha E. Pollack posted a statement online updating the campus community to the worsening COVID outbreak on Tuesday. And she revealed that lab tests have identified evidence of the highly contagious omicron variant in a “significant number” of Monday’s COVID-19 positive student samples. But she cautioned that their evidence of omicron is “preliminary” after PCR testing identified a genetic marker that has been identified as a hallmark of the omicron variant. So while the school awaits confirmatory sequencing information, it is proceeding as omicron is the source of the outbreak. 

“As a result, and out of an abundance of caution, the university is moving to Alert Level Red and announcing a number of immediate measures, outlined below,” she wrote. 

The emergency measures include moving all final exams online as of noon on Tuesday. 

All undergraduate university activities and university-sponsored events are canceled — and that includes the Dec. 18 graduation ceremony for December graduates. 

Students who have tested negative for COVID-19 within the past 48 hours (Saturday or Sunday) who wish to leave campus are allowed, and they are encouraged to wear face masks and take another COVID-19 test when they reach their destination, and self-quarantine until they learn the results. 

Students who have not tested negative for COVID within the past 48 hours are advised to get tested ASAP and stay in Ithaca, in their residences, and to “severely limit” their interactions with others until they get their COVID test results. 

In the meantime, visitors and guests are not allowed on campus, except for those picking up students for the winter break. And those visitors are urged to keep their masks on. 

Finally, mandatory COVID testing will continue as normal for employees. 

“While I want to provide reassurance that, to date, we have not seen severe illness in any of our infected students, we do have a role to play in reducing the spread of the disease in the broader community,” Pollack wrote. 

Cornell’s last full day of classes was Dec. 7, and final exams are scheduled through Dec. 18. 

The news comes the same day that Pfizer Inc.
PFE,
+0.72%
shared some possible good news in the fight against the novel coronavirus: final data from a late-stage trial of its COVID-19 antiviral drug paxlovid found that it reduced the risk of hospitalization or death in high-risk adults by 89% if given shortly after the onset of symptoms, confirming the first set of data released last month.

Read more: Pfizer’s COVID-19 antiviral proves almost 90% effective in latest trial data, as U.S. passes 50 million confirmed cases of the illness

What’s more, the trial found that paxlovid was effective in treating the omicron variant in lab studies. The World Health Organization has warned that omicron is spreading faster than any prior variant and could overwhelm health systems, even if cases remain milder.

The U.S. is still averaging almost 1,300 deaths a day from COVID, according to a Times tracker, and cases and hospitalizations are rising. On Tuesday, the U.S. passed 50 million confirmed cases of COVID.