Representatives for the Trump family reportedly held talks with Binance to take a stake in the crypto exchange giant's U.S. arm.
The spike in blockchain mentions coincides with a significant shift in the SEC's approach to crypto regulation under Acting Chair Mark Uyeda.
President Donald Trump named Paul Atkins as his pick to lead the agency but no hearing has been scheduled yet to confirm him.
XRP rose 3% in the last hour.
The SEC delayed taking the next steps on several filings this week, but experts say this is 'no surprise' until the new chair is in place.
Gains in BTC came as Senator Cynthia Lummis reintroduced the BITCOIN Act, pushing for the U.S. to scoop up 1 million BTC as a strategic reserve.
Bloomberg analysts recently estimated Litecoin ETFs have the highest chance of approval, followed by Dogecoin and Solana products.
The Cboe BZX Exchange has filed a request with the U.S. Securities and Exchange Commission (SEC) to allow staking for the Fidelity Ethereum Fund (FETH), as revealed in a March 11 filing. Staking involves locking ETH to secure the Ethereum network while generating rewards. A staked ETH ETF could offer investors additional income beyond traditional […]
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XRP is once again the subject of bold forecasts, with market researcher Egrag Crypto anticipating a significant price boom. According to him, a major breakthrough pattern indicates that XRP might reach $27 in the coming months. This prediction has stirred discussions among investors, with some optimistic and others dubious. Related Reading: Bitcoin’s ‘Ugly Start’ – Weekend Sell-Off Pushes Price Near $80K XRP’s Breakout From A 7-Year Triangle Egrag Crypto could not be more upbeat about his projection. He assured investors that one month “will change their lives forever.” He bases this forecast on a critical breakout from a seven-year symmetrical triangle. In November 2024, XRP breached this trend, resulting in a dramatic 283% surge. The breakout has led him to believe that the token is on the verge of another explosive move. #XRP – 1 Month Will Change Your Life Forever ($9.7 – $27) ???? The Power of Market Waves & Narratives When @ElonMusk added #BTC to Tesla’s balance sheet last cycle, many thought all companies would follow. They didn’t. Narratives come and go, but markets move in cycles.… pic.twitter.com/dtGFQjeUE2 — EGRAG CRYPTO (@egragcrypto) March 7, 2025 Many traders use these trend lines to spot possible pricing patterns. The case is that earlier breakouts have caused significant price movements and history often repeats itself. Still, other observers think that legal obstacles and macroeconomic variables could pose a challenge to XRP’s development. Key Levels To Track There is not a straight line to $27. Egrag Crypto exposes the major hurdle XRP has to overcome. The token must first break through $2.62 then cruise to $3.00 and $3.40. Historically, these price points have been key obstacles, stopping XRP from rising. Should XRP effectively get rid of these obstacles, the next aim is roughly $6. Egrag projected back in December 2024 that by the end of the month this level will be attained. His latest outlook suggests that a push beyond $6 could lead to a full rally toward $27. Comparisons To The 2017 Bull Run Some of the excitement around this prediction comes from historical trends. Egrag Crypto and others have drawn comparisons between XRP’s current trajectory and its performance in 2017. Back then, XRP experienced a massive rally that took its price from a few cents to an all-time high of $3.40. If the token follows a similar path, a rally of over 700% could be in play. That would mean XRP jumping from its current levels to $27. While such a move isn’t impossible in the crypto market, skeptics warn that past performance doesn’t guarantee future results. Related Reading: Could Cardano Be The Next Big Crypto Winner? Analyst Points To $2 Target Skepticism And Investor Caution Not everybody is persuaded. The continuing legal dispute between Ripple and the SEC is one of the regulatory problems that XRP has faced. These legal questions worry some traders since they could stop any meaningful price movement. Additionally, broader market conditions, such as interest rate decisions and Bitcoin’s price action, could influence whether XRP sees another massive rally or remains range-bound. Despite these doubts, Egrag Crypto is still sure about his estimate. Whether XRP reaches $27 or not, the next major movement in the next months will be vital in deciding it. Investors will be watching closely to see if this bold projection comes true. At the time of writing, XRP was trading at $2.19, down 1.60% and 17.53% in the daily and weekly frames. Featured image from Gemini Imagen, chart from TradingView
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Acting SEC Chair Uyeda is said he directed the agency's staff to review a proposed rule change that could potentially loop in DeFi.
Trump’s crypto policies, including a strategic bitcoin reserve, have marked a shift, but VCs say key regulatory steps are still needed.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
As memecoins' popularity takes off, the SEC stepped in to make it clear that those assets were not securities, sparking support and criticism.
Warren's letter comes as the President signed an executive order to establish a U.S. Strategic Bitcoin Reserve late Thursday.
Superstate Services will first support the firm's two funds with plans to expand services to other issuers as the market for tokenized securities grows.
The former CEO of FTX once again claimed that he's wrongfully convicted as he apparently tries to make the case for a presidential pardon.
The National Cryptocurrency Association officially launched on Wednesday, aiming to help Americans better understand the industry.
The suit is the latest in a string of dropped enforcement cases by the SEC.
The U.S. Securities and Exchange Commission agreed to drop its lawsuit against Cumberland DRW LLC, according to the firm.
After focusing on AI and transitioning from Ethereum mining post-Merge, CoreWeave saw its annual revenue surge to $1.9 billion.
Mike Selig, the newly-appointed chief counsel for the SEC’s Crypto Task Force, was previously a New York-based partner at Willkie Farr & Gallagher LLP.
The SEC's newly minted crypto task force will hold its first roundtable later this month as part of a series of meetings.
Kraken called the SEC’s decision to drop the case a “turning point for the future of crypto in the U.S.” in a Monday blog post
The U.S. SEC is dropping cases and closing investigations against crypto companies left and right, but not everyone is off the hook yet.
Kraken's dismissed lawsuit came without admission of wrongdoing, penalties paid or alterations to Kraken's business model.
The judge ruled that statements Heart made after the "offer period" of the assets were irrelevant to the SEC's claims of fraud.
The US Securities and Exchange Commission’s (SEC) Commissioner Caroline Crenshaw has criticized the agency’s recent decisions to drop multiple crypto-related cases, calling the move unprecedented and dismissive of long-standing legal principles. The Commissioner also took issue with the SEC’s Division of Corporation Finance for its stance that memecoins do not qualify as securities under federal […]
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Memecoins aren’t securities, the agency said on Thursday.
The SEC accused the company’s wallet tool of being an unregistered securities broker.