Many executives and analysts predicted the success of US spot Bitcoin ETFs in 2024, but the funds surpassed expectations.
Canadian spot Bitcoin ETF investors have been flocking to more liquid US alternatives, triggering the largest crypto ETF outflows in Canada’s history.
In an interview with David Gura on Bloomberg Markets on Wednesday, outgoing Securities and Exchange Commission (SEC) Chair Gary Gensler reviewed his tenure and the role of crypto within the US capital markets. Gensler, who has less than two weeks left in his term, remained steadfast on his stance toward the digital asset space, calling […]
Crypto stakeholders have criticized the outgoing Securities and Exchange Commission (SEC) Chair Gary Gensler for his continued hostility toward the crypto industry. In a recent Bloomberg interview, Gensler reiterated his concerns about the emerging industry, claiming that it was “rife” with bad actors. Gensler defends SEC legacy According to him, the financial regulatory agency made […]
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Judge Katherine Failla granted Coinbase’s request for an interlocutory appeal, citing different courts’ interpretations of what constituted a security under the SEC’s purview.
There is growing excitement from cryptocurrency investors as Solana finally was able to get out of a slump, gathering more momentum for a robust comeback in the new year. SOL clawed its way back above the critical level of $202, signaling the resurgence of one of the crypto market’s most popular digital assets. Related Reading: Wealth Mentor Predicts XRP Path To $100 – Should You Invest Now? SOL Price Rebounds Analysts are seeing that Solana is off to a good start as the virtual coin opened the new year with a price uptick, raising market optimism over the crypto. SOL experienced an 10% surge in its price on January 2, opening 2025 on a positive note. Market observers also noted that Solana continues its dominance over Ethereum on year-to-date performance. At the time of writing, SOL was trading 209.22, up 3.5% in the last 24 hours, and soaring 10% in weekly timeframe. Data shows the price hike happened after a brief consolidation for the altcoin. During the day, the crypto reached a high of $209.35, nearing the $210 mark, while recording a low of $188, which some analysts said was a reflection of the regaining investors’ confidence and optimism on the digital asset. What’s Next For Solana? Market observers explained that Solana hitting $208 per coin is a significant achievement for the virtual asset, saying that the price increase allowed the crypto to break the resistance level of $202. This milestone is seen by analysts as a crucial step for the ongoing recovery of the SOL crypto and in propelling it to attain further gains. Related Reading: XRP’s Path To $15: A Look At Historical Price Alignments After the $202 level, many analysts see the next goal for the crypto is clawing way back to $220, a critical level that SOL needs to surpass so it can reclaim its loss glory at $245 per coin. If Solana is triumphant in getting back to the $245 level, analysts believe it “would enable Solana to recover most of its recent losses, reinforcing its bullish outlook and boosting investor sentiment.” Excitement About SOL ETF The regained investors’ confidence in Solana is being attributed by some analysts to the growing excitement of a possible Solana exchange-traded fund. Many crypto investors are anticipating that the US Securities and Exchange Commission (SEC) will approve the Solana exchange-traded fund this year, a milestone that some traders believe would drive the price of the coin up. Some traders are speculating that the SEC would give the green light to Solana exchange-traded fund as early as July 31, 2025, a rumor which is gaining traction. Even the Polymarket platform said that there is a 65% probability that the ETF would get the approval, up from the previous 50% approval likelihood prediction. Featured image from Chainalysis, chart from TradingView
In a post on X, prominent pro-XRP attorney, John E. Deaton, shed light on the intricate dynamics between the US Securities and Exchange Commission (SEC) and Ripple’s competitors, suggesting a coordinated effort to undermine the company and its digital asset. Deaton emphasized the extensive impact of the SEC’s lawsuit on Ripple, stating, “I do not […]
Cointelegraph recounts the most memorable moments on X this year which influenced crypto and crypto culture in 2024.
Asset management company Volatility Shares has submitted with the United States Securities and Exchange Commission (SEC) an application to list a Solana futures exchange-traded fund (ETF). This strategic move comes after a host of asset managers applied to launch a spot Solana ETF earlier this year. Will Volatility Shares Increase Odds Of Spot ETF Approval? […]
Bitcoin’s 2024 returns were doubled by the XRP token, following a significant legal victory for Ripple Labs and expectations of the SEC potentially dropping the lawsuit.
From blockchain boosters to crypto critics, 2024 highlighted the champions and adversaries shaping the future of digital assets.
The ensuing fallout from the Terra ecosystem collapse eventually caused Terraform Labs to shut down following a settlement with the SEC.
The SEC’s new rules on digital asset promotions aim to “curb the menace” of social media influencers promoting unregulated crypto products.
Binance CEO Richard Teng recently said it was “premature” to discuss the exchange’s return in the US.
Ripple’s digital asset is gaining traction in December 2024, generating a stir in the cryptocurrency market. XRP, the third-largest cryptocurrency by market capitalization, recently surpassed Tether (USDT). Analysts and investors alike are growing excited about the possibility for XRP holders to become among the wealthiest investors in the foreseeable future, as indicated by the recent spike. Related Reading: Solana Poised For Growth In 2025 With Record $173 Million Q3 Funding—Report Potential Price Forecasts An analyst has expressed an audacious outlook for XRP, indicating that those who retain the asset may experience substantial returns, which could result in life-changing wealth in the near future. He anticipates a significant increase in the price of the altcoin, with the goal of reaching a price point between $30 and $35 by 2025. #XRP HOLDERS WILL BE THE RICHEST PEOPLE YOU KNOW – HERE’S WHY! pic.twitter.com/k0tc6tCAq0 — STEPH IS CRYPTO (@Steph_iscrypto) December 17, 2024 Based on this estimate, the present price of approximately $2.54 is expected to experience a staggering increase of around 1,277%. A $1,000 investment, for example, may potentially increase to $14,000 if these objectives are accomplished. It is also possible that those who have made larger investments will have the opportunity to become millionaires as the value of XRP continues to climb. This optimism is perpetuated by recent fluctuations in prices. In the last 30 days, XRP registered a solid 124% increase, which coincided with a successful retest of its 2021 peak of $1.97. According to analysts, the demand for the crypto will continue to rise as Ripple expands its partnerships throughout Asia and beyond, further driving up its price. Causes Of Wealth Formation The positive outlook for XRP is due to a number of reasons. Investors have a lot more faith in Ripple now that its legal fight with the US Securities and Exchange Commission (SEC) has been settled. Legal certainty is about to arrive, hence many people believe that using XRP in worldwide banking will hasten the adoption. Since big financial institutions see Ripple’s technology’s ability to transform cross-border payments, institutional interest in it is also piquing. Some wealth managers suggests that XRP has the potential to revolutionize international payments in a manner similar to that of early Amazon. They anticipate a future in which XRP processes trillions of transactions daily, which could result in a price increase of an astonishing $132—a preposterous 23,900% from its current level. Related Reading: The $589 XRP Dream: Believers Aren’t ‘Delusional’ Enough, Expert Says Precaution In The Face Of Optimism Still, experts advise caution even if XRP has an encouraging future. Although forecasts are hopeful, they are not guaranteed since the market for cryptocurrencies is somewhat erratic. Analysts emphasize the need of realizing gains as prices rise instead of waiting for a climax that might never come to pass. Their advice for investors: make wise judgments and closely check price swings. Featured image from DALL-E, chart from TradingView
Analysts from Bloomberg have a positive outlook that a score of cryptocurrency-based exchange-traded funds or ETF would get approval from the US Securities and Exchange Commission (SEC) in 2025. Related Reading: Bitcoin Soars Past $106,000 For A New ATH — What’s Driving The Frenzy? Crypto investors might have a lot of options next year when […]
A federal judge has given Eric Council Jr., who pleaded not guilty to compromising the SEC's X account, permission to travel to North Carolina between Dec. 23 and Dec. 29.
The update to the calendar makes it unlikely lawmakers will be able to vote on the SEC commissioner’s nomination before the next session of Congress.
The Nigerian Securities and Exchange Commission (SEC) has rolled out stricter rules targeting influencers promoting crypto-related products without transparency. Under the updated framework, influencers must ensure their crypto clients are licensed by the SEC before endorsing any product or service. Additionally, all promotional content must be clearly labeled as sponsored. Failure to comply will attract […]
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Caroline Crenshaw may still have one more chance to be confirmed for a second term as an SEC commissioner before the next session of Congress.
Exodus will list under its current ticker on NYSE American at the open of trading on Dec. 18
A simple executive order issued on Jan. 20 would pave the way for the crypto sector’s resurgence in the U.S.
A simple executive order issued on Jan. 20 would pave the way for the crypto sector’s resurgence in the U.S.
A letter sent to the Senate signed by more than 40 organizations suggested that Donald Trump might not abide by tradition and nominate Democrats to the SEC at all.
The US financial regulator is soliciting comments on NYSE’s application to list Bitwise’s cryptocurrency index ETF.
Despite the rapidly evolving relationship between traditional finance and cryptocurrency, significant changes are not just based on market dynamics, but also political factors, says Lucas Schweiger.
Following a $1.3 billion merger, Coincheck’s ordinary shares and warrants will start trading on the Nasdaq on Dec. 11.
The Cedar Innovation Foundation launched an attack ad ahead of a congressional committee vote on Caroline Crenshaw’s renomination as an SEC commissioner.
The Dec. 8 segment on the news program featuring Brad Garlinghouse did not mention that a federal judge ruled XRP was not a security in specific cases.
Market participants look to be securing profits, seeing how the XRP price has corrected since its recent parabolic rally. Analyst TheXRPguy has outlined seven reasons why those yet to secure profits should hold on selling their coins, suggesting that more parabolic rallies lie ahead. More XRP Price Rallies Lie Ahead As Analyst List Reasons Not […]