Author: NBTC

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…

The United States Securities and Exchange Commission (SEC) filed its opening brief in the XRP lawsuit on Wednesday, sparking discussions across the crypto community. Meanwhile, XRP soared to a seven-year high of $3.10, gaining significant attention. Jeremy Hogan, a partner at Hogan & Hogan, criticized the SEC’s brief, calling it “lackluster” and suggesting that even the brief’s author seemed aware of the weak arguments. Hogan highlighted that the SEC’s appeal focuses solely on Judge Analisa Torres’ ruling that XRP, when sold to retail investors, is not a security. This SEC brief was hard to work thru because, IMO, the case…

Bitcoin continues to set new records this year as traders begin eyeing a six-figure price for the world’s largest crypto and according to analysis of the asset’s derivatives market, it’s yet to overheat. The asset climbed to well above $97,000 late Wednesday evening, blasting through its previous highs above $95,000 in less than an hour, CoinGecko data shows. Its seesawing price has triggered a $100 million cascade of liquidations over the last 24 hours, with 80% of those coming from short sellers or those betting the price would head lower, according to data from CoinGlass. Volatility has returned significantly this…

Spot Ethereum ETFs let investors track ETH prices directly without holding the tokens. Futures-based Ethereum ETFs add complexities like rollovers but allow market speculation. Combined ETFs diversify risk by exposing investors to both Ethereum and Bitcoin. As we step into January 2025, Ethereum ETFs continue to evolve, offering diverse options like spot, futures, leveraged, and even combined Bitcoin-Ethereum funds. Whether you’re seeking direct exposure, hedging against price drops, or amplifying returns, these ETFs cater to all risk appetites and strategies. Spot Ethereum ETFs The spot Ethereum ETFs hold the real tokens of Ethereum; hence, the price directly follows the market…