In a recent court case against Grayscale Investments, the SEC was dealt a blow as a federal court ruled that the agency must review its rejection of Grayscale’s proposal to convert its bitcoin trust into an ETF. The court found the SEC’s rejection to be “arbitrary and capricious” as it failed to provide a clear
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The once vibrant and exciting crypto market has recently lost its luster, leaving investors and enthusiasts concerned about its future. Bitcoin, the flagship cryptocurrency, has been struggling to stay afloat, and this struggle is reflected in the dwindling trading volume of bitcoin futures. According to data from Glassnode, bitcoin futures open interest has dropped to
In a recent turn of events, Ripple’s price has taken a bearish turn after a period of stable movements. This decline has led to a significant breakdown below a crucial support zone formed by the 200-day moving average. A closer analysis of the daily chart reveals that the drop in XRP price is a result
The recent Bitcoin rally, fueled by Grayscale’s victory against the US SEC, appears to be losing steam. Analysts have observed a concerning trend in the total supply of stablecoins, indicating that this rally may not be sustainable. In this article, we will delve into the relationship between stablecoin supply and Bitcoin’s performance, highlighting the potential
In an era of market unpredictability, traders and investors are constantly seeking better tools to make informed decisions. Enter yPredict, a groundbreaking project that aims to combine traditional statistical models with advanced artificial intelligence (AI) technologies. With an initial funding of $3.69 million for its native token, $YPRED, yPredict is set to revolutionize the way
Ethereum staking services have recently reached a consensus, agreeing upon a maximum limit of 22% on all validators. This move is a significant step towards ensuring fair markets within the Ethereum network. By imposing a self-limit rule, at least five Ethereum liquid staking providers, including Rocket Pool, StakeWise, Stader Labs, and Diva Staking, are committed
Worldcoin, a digital identity project, has gained significant popularity in Argentina, with 9,500 Argentinians verifying their World ID on the platform within a day. The project’s success can be attributed to Argentina’s crypto-forward attitude and the unstable state of its economy. However, Worldcoin currently faces regulatory investigations in various jurisdictions, raising concerns about its data
Ripple’s token price is currently facing significant bearish signs, struggling to recover above $0.540 and $0.550 against the US dollar. The price is now trading below $0.550, and there is a major bearish trend line forming with resistance near $0.540 on the 4-hour chart of the XRP/USD pair. Moreover, if the price breaks below $0.500,
A recent dismissal order by a United States District Court judge has sparked discussions about the legal classification of Ether (ETH). The judge, Katherine Polk Failla, referred to ETH as a commodity while dismissing a class action lawsuit against the decentralized exchange Uniswap. This decision raises important questions about the regulatory framework surrounding cryptocurrencies. Evaluating
Securities and Exchange Commission (SEC) Chairman Gary Gensler is set to testify before Congress twice this September, facing questions about the SEC’s approach to digital asset regulation. This comes amidst a wave of criticism and accusations from lawmakers, particularly Republicans, regarding the lack of explicit guidelines for cryptocurrencies falling under the SEC’s jurisdiction. One of
