[ad_1] The years-long legal battle between the US SEC and Ripple Labs is nearing resolution, as both sides negotiate the details of the August district court ruling, FOX Business journalist Eleanor Terrett reported Wednesday, citing two sources with knowledge of the matter. đ¨SCOOP: Two well-placed sources tell me that the @SECGov vs. @Ripple case is in the process of wrapping up and could be over soon. My understanding is that the delay in reaching an agreement is due to Ripple’s legal team negotiating more favorable terms regarding the August⌠â Eleanor Terrett (@EleanorTerrett) March 12, 2025 The SEC has withdrawn…
Author: NBTC
[ad_1] Bitcoin price started a recovery wave above the $94,500 zone. BTC is rising within a range and might revisit the $98,000 resistance zone. Bitcoin started a decent recovery wave above the $95,500 zone. The price is trading above $96,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $96,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $96,000 zone. Bitcoin Price Recover Losses Bitcoin price formed a base above the $93,500 level and…
[ad_1] Bitcoin, the flagship crypto asset, has long been nicknamed âdigital goldâ due to its store of value. With a market cap exceeding 1 Trillion, the crypto asset drives the price movements of basically every digital currency in the broader crypto landscape. Despite this, many have failed to tap into its rich potential due to constraints in its smart contract functionality. This is where BTCFi comes in. This phenomenon, otherwise called Bitcoin Decentralized Finance, is a feature that aims to transform Bitcoin into an active participant in the DeFi ecosystem. One platform pushing the BTCFi narrative is Core DAO. This…
[ad_1] Will Ethereum make a bullish reversal to $2,500 as ETH price action signals a potential wedge breakout rally ahead? Ethereum fluctuates near the $1,900 level as Bitcoin holds above $81,000. Notably, Ethereum has recorded a 13% drop in the past seven days. However, a reversal pattern is emerging on the 4-hour chart, hinting at a potential bounce-back. Could this lead to a new wave of bullish momentum for Ethereum? Ethereum Price Eyes Wedge Breakout For New Recovery Wave On the 4-hour price chart, Ethereum is showing a declining trend but gaining momentum. The price drop has breached the 78.60%…
[ad_1] Crypto exchange Kraken is under fire for letting controversial Barstool Sports founder Dave Portnoy âshit on its reputationâ after he launched a number of memecoins that all crashed over 99%. Throughout February, Portnoy has promoted a number of coins that have rocketed, crashed, and made thousands of dollars in the process. Among these is a token with the ticker JAILSTOOL, which he is now committed to holding after previously claiming to have sold it all by accident while using the toilet. Heâs currently getting flak for launching the tokens GREED and GREED 2. Lookonchain notes that he held 35.79%…
[ad_1] Despite recent acknowledgements by the Securities and Exchange Commission (SEC) on several spot crypto exchange-traded fund (ETF) applications, the agency is unlikely to make any decisions approving these products until its leadership is settled. âI would have been very very surprised if they approved any of these filings before [Paul] Atkins was confirmed at their first deadlines,â said James Seyffart, an ETF analyst at Bloomberg Intelligence. âItâs been our assumption that anything that can be pushed until Atkins is officially at the SEC, will be pushed back.â A person familiar with the matter told CoinDesk that they agree with…
[ad_1] Bitcoin (BTC) priceâs recent journey has been a bumpy one, with its value seeing a pullback to around $93.5K. This brings into focus the critical $91K level, which serves as the average cost basis for short-term holders. BTC Price Takes a Hit Currently, Bitcoinâs ability to sustain above this price is crucial for maintaining the bullish sentiment that pervades the market. Should this level hold, it might restore confidence among investors, potentially setting the stage for a recovery. However, those who bought in at or above $100K are now facing unrealized losses. The decision of this group to hold…
[ad_1] Liquidity issues affected users on two decentralized finance (DeFi) platforms today, though for different reasons and with widely differing consequences. In what appears to be user error, three sizable swaps of 220,000, 131,000, and 91,000 of Circleâs USDC stablecoin netted a total of just over 10,000 tethers (USDT) after falling victim to a maximum extractable volume (MEV) bot. The swaps, made via the Uniswap V3 decentralized exchange, were flagged by blockchain security firm Peckshield, which regularly alerts the DeFi community to hacks, phishing attacks, and suspicious transactions. Read more: MEV bot to return $7.5M if Rho Markets admits to…
[ad_1] Even as Bitcoin finds some buoyancy following a better-than-expected U.S. inflation report, Ethereum has been lagging behind. Since the new CPI report landed early Wednesday, the Bitcoin price has gained 3% as it holds key support levels. Meanwhile, the Ethereum price has been playing catch up, seeing a 0.5% gain, Coingecko data shows. Tracy Jin, vice president of crypto exchange MEXC, told Decrypt that a successful implementation of Ethereumâs Petra upgrade could significantly strengthen the fundamentals of the second-largest blockchain. If the upgrade resolves issues with network throughput and transaction costs, she said, it could enhance Ethereum’s appeal and…
[ad_1] This is a segment from the 0xResearch newsletter. To read full editions, subscribe. Crypto is a volatile industry for primarily two reasons: 1) itâs permissionless (anyone can make a token) and 2) itâs still largely looking for product-market fit. What does this mean to a short-term trader looking to flip a quick buck? If youâre trying to frontrun the market, youâd want to know when a certain narrative is falling in (and out of) favor. You can then spend absurd hours doomscrolling Twitter and Telegram groups â or you can use Kaito, a Web3-focused search engine that scrapes troves…