Rainberry Inc., the company behind BitTorrent, agreed to pay a $10 million settlement that ends a long-running case with the US Securities and Exchange Commission. The agreement lets the regulator dismiss its remaining civil claims against Justin Sun and affiliated foundations with prejudice, meaning the SEC cannot refile those specific charges. Related Reading: Solana Stablecoins Hit $650 Billion In Monthly Transactions Sun acquired BitTorrent and integrated it into his Tron blockchain ecosystem, linking Rainberry and the BitTorrent Token (BTT) to his crypto operations. Officials framed the settlement as closure rather than an admission of wrongdoing. Settlement Reduces Regulatory Overhang For Crypto Projects Reports indicate the SEC’s case targeted allegations tied to token sales, trading practices, and unregistered offerings involving TRX and BTT. By resolving the matter through Rainberry’s payment, civil claims against Sun and the Tron Foundation were dismissed. Analysts say the move clears a major legal hurdle and may reassure exchanges, investors, and partners that the immediate regulatory risk has been reduced. Justin Sun’s Role And Statements On The Outcome Justin Sun and spokespeople emphasized that he did not admit wrongdoing. Sun framed the settlement as an opportunity to focus on product development, partnerships, and community engagement within the Tron ecosystem. Public filings now reflect that Rainberry’s payment closes its portion of the case while reinforcing Sun’s ongoing leadership of the integrated BTT and TRX network. The Chinese cryptocurrency entrepreneur Justin Sun reached a $10 million settlement to resolve a US Securities and Exchange Commission civil fraud case over his trading activity https://t.co/qJoSVO20WC — Reuters (@Reuters) March 6, 2026 Traders Watch For TRX Price Breakout The market wasted no time reacting. Trading volume on TRX spiked on settlement news, though key resistance levels around $0.15 remained untested as of Thursday. This caution is consistent with where TRX has been for the last 18 months. TRX, at the time of writing, was trading at $0.285, meaning that its value is not in line with the record number of transactions being made on chain. At this point, the market is still pricing in the potential risk of an SEC lawsuit and not valuing TRX for being the most used stablecoin network in the world. Traders are viewing this settlement as lowering their legal exposure, and therefore will not consider this to be the “big” catalyst to move TRX up in price. Traders are chasing liquidity, depth of buy/sell orders, and the overall macro conditions of crypto when trading TRX. From a legal perspective, it is important to note that although this particular case has now closed, public accusations of wrongdoing remain on record. As a result, both exchanges and custodians must continue to be vigilant in complying with regulations. Related Reading: XRP To Pass Bitcoin, US Veteran Claims Amid War Forecast Foundations and Ecosystem Outlook The Tron Foundation has been focusing on developing technical solutions and providing support for projects within its ecosystem. The SEC settlement removes one of the obstacles to developing business and joint venture partnerships. However, restoring confidence in the ecosystem will take some time. Featured image from Crosley Law, chart from TradingView
Spot Bitcoin and Ethereum ETFs saw heavy withdrawals on March 5, with nearly $320 million leaving the funds in a single day. Data from SoSoValue shows Bitcoin spot ETFs recorded about $228 million in outflows, with BlackRock’s IBIT seeing the largest withdrawal among the funds. Ethereum spot ETFs also faced pressure, posting $90.94 million in …
Vancouver city staff say Bitcoin is not permitted under the Vancouver Charter and recommend dropping Mayor Ken Sim’s 2024 reserve proposal ahead of a Tuesday council vote.
Officials say the Vancouver Charter limits city reserves to government debt, bank instruments and other traditional assets.
Bitcoin price is flashing a rare combination of growing adoption and tightening supply, a setup that historically precedes strong price expansions. The bulls are attempting to lift the price above the bearish influence, while the on-chain data has also turned bullish. The BTC wallet holders are rising while the exchange supply is plunging. This divergence …
The regulator warned investors that promotions tied to the exchange are not approved in Dubai and urged residents to verify licensed virtual asset providers.
Bitcoin faces 2% reversal from the 50-day EMA on Thursday, Slips below $71000. The surge in altcoins OKB, Human Protocol, and Kite continues to raise concerns. Wll the pressure hold for Ethereum, XRP, and these altcoins as the US -Iran War extends? Top Cryptocurrencies Bitcoin, Ethereum, and XRP showed cautious trading, with a roughly 2% …
A proposal to make Vancouver a Bitcoin-friendly city is now facing a setback after city officials recommended cancelling the plan. Staff says local law does not allow the city to invest public funds in Bitcoin.This puts an end to Mayor Ken Sim’s proposal to add Bitcoin to city reserves and accept crypto payments. He had …
As the crypto market bounces from the latest shakeout, Ethereum (ETH) and investment products based on the King of Altcoins recorded a remarkable single-day performance, potentially setting the stage for further recovery. Related Reading: Bitcoin Surge To $74,000 Fueled By US Institutions, Coinbase Premium Signals Ethereum ETFs Recover Amid Market Bounce Ethereum-based spot Exchange-Traded Funds (ETFs) recovered from Tuesday’s weak performance and recorded their best single-day in nearly two months, with $169 million in inflows on Wednesday. According to SoSoValue data, the category saw the highest netflow since January 14, when it drew in $175 million. Notably, the mid-January crypto market correction triggered massive outflows for investment products, with funds based on the two largest crypto assets, Bitcoin (BTC) and ETH, showing the weakest performance. Ethereum ETFs saw a five-week negative streak, bleeding $1.38 billion during this period. However, the funds ended their weekly outflow run last week after posting inflows worth $80.46 million. So far, the products have drawn in $197.35 million this week, potentially setting a base to register their best weekly performance since January 16, when it closed the week with $479.04 million. Alex Kuptsikevich, chief market analyst at FxPro, recently highlighted that the strength of crypto ETFs, despite growing geopolitical tensions and financial markets’ selloff, could be seen as “a victory for cryptocurrencies,” suggesting that some traders may be considering digital assets as a safe haven. Meanwhile, James Butterfill, head of research at CoinShares, emphasized that “recent client discussions have been almost entirely focused on identifying entry points rather than reducing exposure to the asset class.” ETH At A Structural Decision Point Ethereum’s price climbed 12% on Wednesday, its highest level since February 4. Amid the market recovery, the cryptocurrency reclaimed the $2,100 barrier and reached a one-month high of to $2,199 before retracing. The king of altcoins has been trading between the $1,825-$2,150 levels since the early February breakdown, unable to break past the upper boundary of its local range. Analyst Rekt Capital pointed out that ETH closed the month just below a crucial multi-year ascending trendline, which has served as macro support and a decisive directional point over the years. This places the price in a structurally bearish position, as it enables a monthly retest of this level as resistance instead of support. The analyst emphasized that if this trendline becomes a resistance, it would confirm a breakdown from the macro structure and increase the likelihood of a deeper move into a key horizontal zone and historical demand cluster situated around the $1,600 region. “If Ethereum rejects from the trendline and the current bounce retraces in full, that rejection would signal the trendline dissipating as support and confirm the breakdown scenario,” he stated. Related Reading: Pundit Says XRP Price At $100 Is Not Insane If You Understand This However, he noted that bearish continuation is not confirmed yet, explaining that if ETH manages to reclaim the trendline as support in the monthly timeframe, the horizontal zone and historical supply area around the $2,250-$2,500 levels could act as a relief cluster “where price may rally before the market determines its next directional move.” “For now, Ethereum remains at a structural decision point around the multi-year trendline,” he concluded. Featured Image from Unsplash.com, Chart from TradingView.com
XRP holders are selling at a loss as market pressure increases. Data from Glassnode shows XRP’s Spent Output Profit Ratio (SOPR) has dropped below 1.0, meaning many investors are selling for less than they paid. The token is trading around $1.41 after failing to break the $1.45 resistance level. A similar pattern was seen during …
Neo, the open-source, community-driven blockchain platform, has published its 2025 Financial Report and Insights, offering a closer look at the ecosystem’s financial position and its plans for the next phase of development. The report places Neo’s combined treasury at approximately $460.8 million and outlines a roadmap focused on transparency, asset diversification, and deeper commitment to …
Pi Network price is showing fresh signs of strength after weeks of consolidation, rising more than 10% in the past 24 hours and reclaiming the $0.19–$0.20 zone. The rebound comes as the broader crypto market attempts to stabilize, but a key catalyst appears to be emerging from within the Pi ecosystem itself. Recent updates from …
Rising oil prices and macroeconomic pressures could prolong crypto market volatility, challenging investors to navigate heightened uncertainty.
The post Oil jitters and macro headwinds weigh on crypto markets as fear index hits extreme lows appeared first on Crypto Briefing.
OpenAI's ChatGPT integration with spreadsheets enhances productivity, challenging specialized financial tools and reshaping data management.
The post OpenAI just turned ChatGPT into your spreadsheet co-pilot appeared first on Crypto Briefing.
Bitcoin's declining exchange reserves suggest a bullish trend, but reduced liquidity could lead to significant price volatility.
The post Bitcoin exchange reserves just hit a level not seen since the Trump midterms appeared first on Crypto Briefing.
In a report published Thursday, Reuters said the long-anticipated crypto market structure legislation, known as the CLARITY Act, may be at risk of not being signed into law in 2026. The uncertainty comes as opposition from the banking sector intensifies, particularly over key provisions tied to stablecoin regulation. Deadlock In Crypto Legislation Per the report, the legislation has run into a fresh stalemate after banks declined to support a compromise proposal advanced by the White House. That breakdown in negotiations has cast serious doubt on whether Congress can move the bill forward before the legislative window narrows ahead of the midterm election season. Banks have objected to provisions that would permit stablecoin issuers and other crypto firms to offer yield-bearing products and customer rewards. Lenders argue that such incentives could siphon deposits away from traditional banks, making it more difficult for them to fund loans and support credit creation. Related Reading: XRP Price Retests Decade-Old Trendline That Previously Triggered 630%+ Rallies Crypto companies, for their part, maintain that the ability to offer rewards is essential to attract users and remain competitive. They argue that prohibiting such incentives would amount to an anti-competitive restriction designed to protect incumbents. In an attempt to break the deadlock, the White House stepped in last month to broker a compromise. The administration proposed allowing stablecoin rewards in limited contexts, such as for peer-to-peer (P2P) payment activity, while prohibiting rewards on idle balances. Four individuals familiar with the private negotiations said the proposal was intended to strike a balance between innovation and deposit stability. Crypto firms have reportedly accepted that compromise. However, banks have signaled they still cannot support it. Banking Sector Seeks Stricter Reward Rules Two sources told Reuters that lenders want far stricter limits on the types of activities eligible for rewards. A senior White House official indicated that banks remain concerned that even the narrower framework could accelerate deposit flight. A banking industry source added that some lenders believe the permitted activities under the compromise would still meaningfully weaken deposit bases. Several senators are said to back the banking sector’s position, and industry representatives believe they may be able to secure more favorable terms with that political support. Beyond the stablecoin dispute, the bill faces additional political hurdles. Lawmakers are divided over provisions related to ethics and illicit finance. Time Running Out For CALRITY Act’s Approval Time is another significant obstacle. Senate floor time is limited, particularly as lawmakers prepare to leave Washington in the summer to begin campaigning for the midterm elections. Adrian Wall, managing director of the Digital Sovereignty Alliance, a pro-crypto advocacy group, said the window for passage is rapidly closing. If the bill is not approved and sent to the President by July, he argued, it will become increasingly difficult to revive momentum before the elections. Related Reading: Bitcoin Tops $73,000, Expert Explains Why The Rally Isn’t Over Yet The political calculus could become even more complicated after November. If Democrats gain seats in Congress, prospects for passing crypto-friendly legislation could diminish further. Geopolitical developments are adding further uncertainty. According to Brian Gardner, chief Washington strategist at Stifel, the war in Iran is making it even more challenging for Congress to devote attention to crypto regulation this year. In a note published Tuesday, Gardner wrote that the legislative calendar is increasingly working against the bill. “The calendar is becoming the enemy of this bill,” he said. Featured image from OpenArt, chart from TradingView.com
Publicly listed Bitcoin mining companies have sold more than 15,000 BTC since October, around the time Bitcoin reached its $126,000 all-time high. Now, several mining companies are planning to sell even more in early 2026. With Bitcoin struggling to stay above $70K, investors are asking: Is a bigger Bitcoin price drop coming next? Bitcoin Miner …
Vitalik Buterin says future crypto wallets will likely integrate AI, but he warns they should not directly control large transactions. Instead, AI could suggest a transaction plan while the wallet runs a simulation to preview the outcome. Users would then review the results and confirm manually. The goal is to ensure that what users intend …
The company behind the clothing brand Original Penguin has accused Pudgy Penguins’ clothing merchandise of infringing on its trademarks.
OKB surged about 23% in the past 24 hours, becoming one of the day’s biggest crypto gainers. The rally followed news that Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, has invested in crypto exchange OKX at a $25 billion valuation and secured a board seat. The partnership plans to bring …
The altcoins with “real world” traction and application will be the winners of the next altcoin season, says Bitwise’s Matt Hougan.
Data shows the Bitcoin spot exchange-traded funds (ETFs) have seen their 14-day netflow trend climb into the positive territory, ending a period of sustained outflows. Bitcoin Spot ETF Netflow Has Been Rising Recently As highlighted by on-chain analytics firm Glassnode in a new post on X, the Bitcoin spot ETFs have seen their 14-day netflow trend climb higher recently. “Spot ETFs” refer to investment vehicles that allow investors to gain indirect exposure to an underlying asset’s price movements. Related Reading: Bitcoin Surge To $74,000 Fueled By US Institutions, Coinbase Premium Signals In the United States, the Securities and Exchange Commission (SEC) approved spot ETFs for Bitcoin back in January 2024. Thus, these funds have now been active for more than two years. Since spot ETFs trade on traditional markets, they provide for an off-chain route into BTC. Whenever a trader invests into them, the fund buys the on-chain tokens and custodies them on their behalf. This convenience of the vehicles has made them a popular mode of investment among the more traditional investors, like institutional entities. Now, here is the chart shared by Glassnode that shows the 14-day netflow trend for the Bitcoin spot ETFs over their history so far: As displayed in the above graph, the 14-day Bitcoin spot ETF netflow trend has witnessed a sharp rise into the positive territory recently. Note that Glassnode defines “netflow” as the 30-day change in the combined holdings of the US-based funds. Earlier, the netflow trend had dropped into the negative territory, implying outflows were dominating the market. Not only that, the negative netflows had been persistent, so there was consistent selling pressure coming from ETF users. With the recent surge in the metric, however, the trend appears to have flipped. From the chart, it’s visible that the indicator has witnessed a continuation to the growth as the Bitcoin price has rallied above the $70,000 level. “Institutional demand remains tentative, but early re-accumulation signs are emerging,” noted Glassnode. It now remains to be seen whether spot ETFs will follow this trajectory in the near future or if another cooldown will happen. Related Reading: Bitcoin Historically Bottoms Between These MVRV Levels—Where Are They Now? In some other news, the Binance Bitcoin Net Taker Volume has shot up recently, as CryptoQuant community analyst Maartunn has pointed out in an X post. The Net Taker Volume is an indicator that keeps track of the difference between the taker buy and taker sell volumes on a given exchange (which, in the current case, is Binance). As is visible in the above graph, the 7-hour moving average (MA) of the Binance Bitcoin Net Taker Volume has seen a notable positive spike close to $100 million, suggesting taker buy volume has outpaced the taker sell one. “The current pump is mirroring the moves from Nov 7 and Nov 25,” said Maartunn. BTC Price At the time of writing, Bitcoin is trading around $71,000, up more than 5% in the last seven days. Featured image from Dall-E, chart from TradingView.com
“Even after the recent price rally, fundamental and technical indicators still point to a bear market environment,” said CryptoQuant.
Pudgy Penguins is facing a trademark lawsuit from PEI Licensing, the company behind the Original Penguin clothing brand. The case was filed in a Florida federal court, accusing the NFT project of using and attempting to register penguin-related trademarks without permission. PEI Licensing claims the branding could confuse consumers and violates trademark and fair competition …
Risk assets recover from oil-driven selloff as rising yields pressure Fed rate-cut bets.
Macroeconomist Lyn Alden says gold has a “somewhat euphoric” sentiment around it, while Bitcoin is being treated “somewhat unfairly negative.”
Bloomberg ETF analyst Eric Balchunas says Solana ETF inflows are posting “pretty impressive numbers,” even as the token has dropped by more than half since they launched.
Social media mentions of "altseason" have dropped to their lowest level in two years, according to Santiment data, a contrarian signal that has preceded previous rallies in speculative crypto assets.
Dogecoin corrected some gains and traded below $0.10 against the US Dollar. DOGE is now holding the $0.0920 support and might aim for a fresh increase. DOGE price started a fresh downside correction below $0.10. The price is trading below the $0.0965 level and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $0.0932 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could aim for a fresh increase if it remains stable above $0.0920. Dogecoin Price Dips Again Dogecoin price started a downside correction after it failed to stay above $0.1020, like Bitcoin and Ethereum. DOGE declined below the $0.10 and $0.0965 levels. There was a move below the 50% Fib retracement level of the upward move from the $0.0885 swing low to the $0.1043 high. The price even spiked below $0.0950 before the bulls appeared. The price is now forming a base above $0.09320 and preparing for the next move. There is also a connecting bullish trend line forming with support at $0.0932 on the hourly chart of the DOGE/USD pair. Dogecoin price is now trading above the $0.0935 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.0950 level. The first major resistance for the bulls could be near the $0.0978 level. The next major resistance is near the $0.10 level. A close above the $0.10 resistance might send the price toward $0.1050. Any more gains might send the price toward $0.1120. The next major stop for the bulls might be $0.1165. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.0950 level, it could continue to move down. Initial support on the downside is near the $0.0932 level. The next major support is near the $0.0920 level or the 76.4% Fib retracement level of the upward move from the $0.0885 swing low to the $0.1043 high. The main support sits at $0.0880. If there is a downside break below the $0.0880 support, the price could decline further. In the stated case, the price might slide toward the $0.0820 level. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.0.920 and $0.0880. Major Resistance Levels – $0.0950 and $0.0978.
XRP has climbed back above the $1.40 mark this week, a level that previously acted as resistance, but analysts warn that the rally does not eliminate the risk of a deeper pullback. The cryptocurrency’s most critical support zone at $1.30 remains under pressure, and broader market forces—particularly Bitcoin’s (BTC) price action—could determine what happens next. XRP Locked Between $1.30 Support And $1.50 Resistance In a recent report, analyst Sam Daodu described $1.30 as the most heavily tested support level for XRP so far in 2026. Since February, the token has repeatedly slipped into the low $1.30 range, only to find buyers stepping in before a decisive breakdown could occur. Related Reading: Bitcoin Tops $73,000, Expert Explains Why The Rally Isn’t Over Yet According to Daodu, a key reason XRP has continued to defend this area is that it is slightly lower, around $1.27. On-chain cost basis data indicates that roughly 443 million XRP were accumulated at that price level. As the market approaches this entry point, many of these holders have added to their positions, creating buying pressure that has consistently pushed the price back above $1.30. For now, Daodu sees XRP trading within a clearly defined range, with $1.30 acting as the floor and $1.50 serving as resistance. The analyst said a meaningful shift in trend would require a breakout beyond one of those levels, and the direction of that move will likely depend on external catalysts. Bitcoin And Middle East Tensions As Key Threats Bitcoin stands out as the most significant variable. XRP and BTC are currently moving in close alignment, with a reported correlation of 0.84. Historically, XRP has tended to magnify Bitcoin’s price swings by roughly 1.8 times. In practical terms, that means a 10% decline in Bitcoin could translate into an 18% drop for XRP. Daodu cautions that if Bitcoin were to fall below $60,000 again, XRP would likely follow, regardless of the token’s individual fundamentals or technical structure. Geopolitical factors are also contributing to market fragility. Rising tensions in the Middle East have already sparked risk-off sentiment across the crypto market in early March. Should the situation worsen, Daodu said investors could reduce exposure to more speculative assets first, placing additional pressure on altcoins such as XRP. BTC As The Key To Break $1.50? On the upside, a sustained breakout above $1.50 would likely require more than just stability in Bitcoin. Historically, altcoins gain momentum when Bitcoin advances decisively, drawing fresh capital into the broader market. Daodu posits that XRP is no exception; a strong upward move in BTC could provide the tailwind needed for the altcoin to attempt surpass higher resistance levels. Related Reading: Crypto Treasury Inflows Slide To October 2024 Levels—What Happened? Between $1.58 and $1.60 lies a substantial supply zone. Approximately 2 billion XRP were purchased at those levels, leaving many holders underwater for months. As the price approaches that range, investors seeking to exit at breakeven could generate heavy selling pressure, the analyst reported. Clearing $1.50 would signal renewed strength, but absorbing supply closer to $1.60 may prove to be the more difficult challenge. At the time of writing, XRP was trading at $1.41, marking a 3% loss over the previous 24 hours. Featured image from OpenArt, chart from TradingView.com