The ongoing legal battle between Ripple Labs and the United States Securities and Exchange Commission has entered the trial phase. This phase is crucial in resolving the lawsuit, but the end date remains uncertain. A significant development in recent weeks was the SEC’s decision to reduce its fine demand from $2 billion to $102.6 million.
Crypto
Recent analysis by IntoTheBlock has revealed a shift in Bitcoin accumulation patterns, showcasing a surge in net inflows to the largest wallets despite the prevailing market sentiment of fear, uncertainty, and doubt (FUD). Holders with control of at least 0.1% of the total Bitcoin supply increased their holdings by 7,130 BTC in a single day,
SEC Chair Gary Gensler, in an interview at the Bloomberg Investment Summit, expressed confidence in the approval process for spot Ethereum ETFs. While he did not provide a specific timeline for the approval, he mentioned that the focus is currently on asset managers making full disclosure in their registration statements. Gensler seemed optimistic about the
The ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission has been a topic of interest since it first began in 2020. The trial is still ongoing, with no clear end in sight, leaving many in the cryptocurrency community wondering about the potential outcomes and repercussions. The central issue at hand
Bitcoin (BTC) has seen a continued downtrend, with prices dropping to new local lows of under $59,000. During the U.S. Monday trading session, BTC briefly went below $60,000, hitting a low of $58,500. This decline can be attributed to the outflows from the U.S. spot Bitcoin exchange-traded fund (ETF) market. The latest weekly report from
Bitcoin’s price has been on a downward trend in recent days, failing to sustain above the $70K level. Currently, the market is approaching a critical juncture as the price hovers around the pivotal $60K support level. The 200-day moving average at $58K adds to the significance of this support, with a potential break below $60K
Stablecoin transfer volumes have seen a remarkable surge in recent months, reaching over $1.68 trillion in April. This marks a significant increase from the $100 billion recorded just a few months prior in October 2020. The 16-fold rise in transfer volumes underscores the growing potential of stablecoins in revolutionizing financial processes and facilitating cross-border transfers.
The market intelligence platform Santiment recently outlined the top 10 Artificial Intelligence (AI) cryptocurrencies that have shown the most development activity over the last 30 days. NEAR Protocol (NEAR) leads the list with an index of 173.5, followed by The Graph (GRT) and Oasis Network (ROSE) with ratios of 143.5 and 101.1, respectively. Interestingly, some
The AVAX native token for the layer-1 blockchain Avalanche has experienced a significant decline in value, plunging more than 10% in a single weekend to reach its lowest level since December 2023. In the past 24 hours alone, the token has dropped from $27.87 to a six-month low of $24.92, as reported by CoinGecko. This
Ripple’s ongoing case with the SEC has undeniably been a focal point within the cryptocurrency industry, causing uncertainty and volatility in the market. Despite this, analysts are looking beyond the legal matters and delving into technical patterns to predict potential price points for XRP. EGRAG CRYPTO, one of these analysts, recently highlighted a bullish quarterly
The month of May witnessed a significant milestone in the cryptocurrency industry, with a total of 156 investments amounting to approximately $1.02 billion. Ethereum emerged as the dominant player in this surge of investments, signaling growing investor confidence in the digital asset market. In a surprising turn of events, Nigerian authorities decided to drop tax
The lawsuit between Ripple and the US Securities and Exchange Commission (SEC) has been ongoing since December 2020. If Ripple were to lose the case, the implications could be significant, not only for the company but for the entire cryptocurrency market. According to a recent proposal by the SEC, Ripple could face a penalty of
The trading volume of Tether (USDT) on the TRON network has reached an incredible $53 billion, outpacing Visa’s average daily trading volume for Q1, 2024. This milestone is significant considering Visa’s status as a global payment processing giant with operations spanning across more than 200 countries and regions. The surge in value and utilization of
In recent months, the cryptocurrency market has seen the emergence of political-themed meme coins, such as Super Trump (STRUMP), Maga (TRUMP), Maga Hat (MAGA), Jeo Boden (BODEN), and Doland Tremp (TREMP). These coins have become speculative assets, with traders anticipating their value to rise or fall based on the outcome of the upcoming United States