Author: NBTC

The SEC has filed an opening brief in its appeal to the US Court of Appeals for the 2nd Circuit, seeking to overturn a previous court decision that ruled XRP was not a security when sold to retail investors. The SEC aims to classify all XRP sales as unregistered securities offerings. Reacting to the news, Ripple CLO Stuart Alderoty took to X (formerly Twitter) and wrote, “As expected, the SEC’s appeal brief is a rehash of already failed arguments –and likely to be abandoned by the next administration. We’ll respond formally in due time. For now, know this: the SEC’s…

Ethereum (ETH), the world’s second-largest cryptocurrency by market cap, is poised for massive upside momentum as it has formed a bullish price action pattern on the daily time frame. In the past few hours, sentiment across the cryptocurrency market has completely changed, with the price shifting from experiencing downside momentum to upside. Crypto Whale $5.92 Worth of ETH Purchase Before the opening bell of the United States market, ETH was witnessing a modest price decline, but this changed completely as the price moved from the $3,190 level to the $3,445 level in a matter of six hours. This massive upside…

A crypto trader incurred massive losses after betting on dogwifhat (WIF), a prominent meme coin on the Solana (SOL) blockchain. In less than 24 hours, sbfonchain.sol sold the coins for 4.08 million USDC, losing $654,000 on the position. Interestingly, the trader remained bullish on meme coins and, after closing their WIF position, immediately invested the remaining funds into other similar coins. The entity used 1 million USDC to buy 1.6 million CHILLGUY tokens, 500,000 USDC for 1.44 million Fartcoin, and 176K USDC for 2.6 million UBC. Meme Coin Market Overview The meme coin sector is worth approximately $121 billion, with…

Ripple CEO Brad Garlinghouse recently took to social media to slam SEC Chair Gary Gensler after the SEC filed its opening brief in the Ripple appeal case. “One definition of insanity….Doing the same thing over and over and expecting different results. Gensler’s SEC really took this to heart,” he quipped. In its opening brief, the SEC argues that the district erred in concluding that the XRP offers and sales conducted by the defendants failed to satisfy Howey’s expectation-of-profits requirement. Moreover, it erred in concluding that the offers and sales of the token in exchange for non-cash consideration failed to satisfy…

Bitcoin (BTC) has been soaring in the past few hours, topping a new all-time high (ATH) of $96,958. It is currently quoted at $96,572, up 4.67% in the past 24 hours. In response to this development, the probability of BTC reaching $95,000 in November has already surpassed 100%. The current market sentiment for Bitcoin aligns with Bitcoin Price Prediction trends, and it might even reach $98,582 by the end of 2024. The market cap for BTC has jumped by 4.74%, now standing at a staggering $1.91 trillion. The 24-hour market volume has increased by 6.08%, settling at $80.80 billion. Courtesy:…

Trump’s World Liberty Finance buys $9.88M Ethereum, boosting total ETH holdings to $46.4M. Ethereum ETFs see $39.3M inflow, led by Fidelity’s FETH with $29.3M on January 15. On-chain activity rises 10%, with 650,000 Ethereum addresses interacting within a week. Donald Trump’s project, World Liberty Finance (WLF), has caught attention with its strategic move in the crypto market. According to Arkham Intelligence, the organization purchased Ethereum (ETH) worth $9.88 million on January 14, taking advantage of a potential dip in the market. This move has sparked curiosity as ETH price is seeing a price surge of almost 6% in the last…

The United States Third Circuit Court of Appeals issued a critical ruling in the Coinbase lawsuit against the U.S. Securities and Exchange Commission (SEC). The court’s decision criticized the SEC for not being transparent in addressing Coinbase’s request for crypto-specific regulations. The case adds to ongoing debates surrounding SEC enforcement policies and their impact on the cryptocurrency industry under Chairman Gary Gensler’s leadership. SEC Ordered to Reevaluate Rulemaking Petition On January 13, 2025, the court determined that the SEC’s denial of Coinbase’s 2022 petition lacked sufficient justification. Coinbase had sought new regulatory rules addressing how digital assets should be assessed…

Sony’s Ethereum scaling network Soneium officially launched Monday, and the network’s creators are billing it as a way to potentially introduce crypto to the masses. But will that include gaming—and specifically, Sony’s juggernaut PlayStation brand and its many popular franchises? Sony Block Solutions Labs Director Sota Watanabe previously told Decrypt that Soneium could onboard “ordinary people” into the cryptosphere, operating in the background as a technical backbone while augmenting experiences in areas like film, music, and gaming. On Soneium’s website, visitors can filter through applications that are currently being built on Soneium, with “gaming” listed under a “consumer” category. The…

Bitcoin price is rising steadily above the $92,000 zone. BTC is showing positive signs and might continue to rise above the $95,000 level. Bitcoin started a fresh increase above the $92,000 zone. The price is trading above $92,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $93,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to rise if it clears the $95,000 resistance zone. Bitcoin Price Sets Another ATH Bitcoin price remained supported above the $91,000 level. BTC formed a base and…

Ethereum price started a decent recovery wave above the $3,240 zone. ETH is rising and facing hurdles near the $3,480 zone. Ethereum started a minor recovery wave above the $3,240 zone. The price is trading above $3,320 and the 100-hourly Simple Moving Average. There was a break above a short-term contracting triangle with resistance at $3,240 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it clears the $3,480 resistance level. Ethereum Price Gains Over 5% Ethereum price started a recovery wave above the $3,150 level like Bitcoin. ETH was able to…