Author: NBTC
The SEC recently made big moves by dropping its case against Coinbase and halting the case against Binance, signaling a shift in the agency’s approach. Coinbase confirmed the case dismissal, and the SEC also decided to drop its case against the OpenSea NFT platform. However, the agency still has ongoing cases against Kraken Exchange, Uniswap, and Robinhood, with Wells notices already issued. The market is anticipating positive updates from the SEC, as any resolution would remove uncertainty and help stabilize the crypto market. Ripple Case and SEC’s Future Plans While the market eagerly awaits the conclusion of the Ripple case,…
HashKey Exchange supports Hong Kong’s SFC roadmap, aligning with its growth strategy. The roadmap could boost virtual asset derivatives trading by 30% to 40%, per HashKey. HashKey sees regulatory updates easing compliance while enhancing security and liquidity. Hong Kong’s government recently unveiled the “A-S-P-I-Re” roadmap, a strategic plan to advance the virtual asset industry over the next three years. The roadmap features five key pillars and twelve initiatives, targeting areas like staking services, global liquidity, and derivatives trading. HashKey Exchange, the region’s largest licensed virtual asset platform, has shared its interpretation of this forward-looking framework. HashKey Exchange Managing Director Terence…
Bitcoin ($BTC), the top crypto token, has recently seen an enormous decline. As per the data from Glassnode, Bitcoin’s price has plunged by -16% from the all-time high price level thereof, exceeding the current cycle’s average dip of -8.54%. The blockchain analytics platform took to social media to provide insights into Bitcoin’s current slump in comparison with the historical statistics. Yesterday’s price drop took $BTC price -16% below ATH, placing the correction above this cycle’s avg. drawdown of -8.54% but still below the max drawdown of -26.25%: https://t.co/0nYH7vme1B pic.twitter.com/NiYAwE0ZG2 — glassnode (@glassnode) February 26, 2025 Bitcoin’s Current Bull Cycle Shows…
Phoenix, a crypto news and analytics platform, reveals this weekly report of CoinGecko. In this report, top crypto projects are discussed that are gaining attraction in the crypto community around the globe. The report highlights the remarkable shift in traders’ interest and market sentiment. $AI16Z, with a $1.21 current price, has a market cap of 1.3B and a $155.3M trading volume. Further, this report underscores the community’s traction and significant price shifts of the top projects along with their trading volume. TOP TRENDING SEARCHES BY #COINGECKO#AI16Z #VIRTUAL $PHA $PENGU $BGB $HYPE $SUPRA $JUP $PEPE $AIXBT pic.twitter.com/s4PlNDidRV — PHOENIX – Crypto…
Germany is expecting a change in government with crypto policy change in the spotlight. While Bitcoin reserve adoption has split backing, MiCA adoption is poised to gain precedence. The results from Sunday’s early parliamentary election in Germany show the Centre Right Alliance (CDU/CSU) as the winner. With the CDU/CSU securing majority seats, there are rising expectations of a more innovation-friendly environment. How Can This Election Impact Crypto Policy Shift? Germany’s center-right victory makes Friedrich Merz, the leader of the Christian Democratic Union (CDU), the country’s likely next chancellor. He would replace Olaf Scholz, ending the center-left Social Democrats (SPD) brief…
Japan-based crypto exchange bitFlyer has announced the addition of XRP leveraged trading on its bitFlyer Crypto CFD platform. In the announcement, the exchange noted that XRP leveraged trading will go live soon. It will allow traders to take advantage of XRP price movements with up to 2x leverage. This provides greater capital efficiency and the ability to profit from both rising and falling markets. According to the announcement, this addition is part of bitFlyer’s strategy to expand and diversify its product offerings, providing more opportunities for customers to engage in the crypto market. XRP on bitFlyer Crypto CFD Notably, bitFlyer’s…
The market intelligence platform IntoTheBlock has revealed how the largest of Bitcoin holders have been the ones applying selling pressure amid the price decline. Bitcoin Mega Whales Have Been Reducing Their Supply Recently In a new post on X, IntoTheBlock has discussed the latest trend in the Bitcoin supply held by the whales. The ‘whales‘ broadly refer to the entities who own more than 1,000 tokens of the cryptocurrency. At the current exchange rate, this amount converts to a whopping $88.9 million, so the only investors who would qualify for the cohort would be the big-money ones. In the context…
The EU imposes full sanctions on Russian crypto exchange Garantex, blocking operations entirely. Garantex was flagged for aiding sanctioned entities, raising concerns over illicit transactions. The sanctions could increase market volatility amid ongoing economic challenges. The European Union has taken a strong stance against Russia’s use of digital assets by imposing full-fledged sanctions on the Russian cryptocurrency exchange, Garantex. This move is part of the EU’s sixteenth package of sanctions, which prevent Russia from using digital assets to bypass restrictions. Garantex Faces Complete Sanctions For the first time, the EU Council has imposed full sanctions on a Russian-based crypto exchange.…
Bitcoin price started a fresh decline below the $88,000 support. BTC must stay above the $80,000 zone to avoid more losses in the near term. Bitcoin started a fresh decline from the $92,500 zone. The price is trading below $88,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $86,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another decline if it fails to stay above the $82,000 zone. Bitcoin Price Dips Further Bitcoin price failed to stay above the $92,500 level and…
On Monday, Department of Government Efficiency (DOGE) co-founder Elon Musk warned employees who ignored President Donald Trump’s return-to-office mandate had received “over a month’s warning.” He made the announcement on his social media platform X, calling out those who continued to resist in-person work “will be placed on administrative leave” starting this week. President Donald Trump had asked Elon Musk to intensify his cost-cutting measures within the federal government, prompting the billionaire to be “more aggressive” in reducing wasteful expenditure and inefficiency. Trump’s comments were made Saturday on Truth Social, where he praised Musk’s work leading the Department of Government…