Cooperation with the US Treasury sanctions on Tornado Cash was strongest at the user level and weaker further along the settlement chain.
Using AI to plan, commit, or help cover up a plan could lead to harsher sentencing in the US soon.
Jonah Van Bourg expects Jump’s quantitative crypto trading business is continuing to operate as before.
USDe was made available on Solana and became integrated with multiple Solana-based DEXs and DeFi protocols, including Kamino, Orca and Drift.
USDe was made available on Solana and became integrated with multiple Solana-based DEXs and DeFi protocols, including Kamino, Orca and Drift.
Eric Trump, Executive Vice President of the Trump Organization and son of US Presidential candidate Donald Trump, has hinted at an imminent, significant announcement for the crypto sector on Tuesday. In a post on X, Eric Trump expressed a newfound passion for the industry: “I have truly fallen in love with Crypto / DeFi. Stay […]
In just one hour, the XRP price rallied 27% to a one-week high of $0.6406 on Wednesday after Judge Analisa Torres ordered Ripple Labs to pay only $125 million of the $2 billion fine sought by the US Securities and Exchange Commission (SEC) against the blockchain payments company after a four-year legal battle. Ripple’s Legal Victory In the ruling, the court, applying a test derived from the Supreme Court, determined that Ripple’s Institutional Sales constituted offers or sales of investment contracts. However, the Court differentiated Ripple’s Programmatic Sales and Other Distributions, finding that they did not fall into this category. Additionally, the Court clarified that the individual sales conducted by Ripple co-founders Chris Larsen and Brad Garlinghouse did not qualify as offers or sales of investment contracts for reasons akin to those outlined for Ripple’s Programmatic Sales. Related Reading: Bitcoin Funding Rates Turn Negative: Shorts’ Turn To Get Squeezed? When deliberating on the penalty, the Court concluded that a first-tier penalty was fitting in this instance, noting the absence of allegations related to fraud, deceit, or manipulation, along with the lack of established deliberate or reckless disregard for regulatory requirements. Moreover, the Court noted that the SEC had not proven that Ripple’s failure to register the Institutional Sales resulted in significant losses or risks to investors. Consequently, the SEC’s motion for remedies and the entry of final judgment were partially granted and partially denied. The Court’s decision mandates an injunction against Ripple to prevent future securities law violations and imposes a civil penalty amounting exactly to $125,035,150. In this regard, Ripple CEO Brad Garlinghouse stated that the court reduced the $2 billion penalty sought by the SEC by 94%, recognizing that the SEC had “overplayed their hand”. Garlinghouse further stated, “This is a victory for Ripple, the industry and the rule of law. The SEC’s headwinds against the whole of the XRP community are gone.” XRP Price Predictions Point To Mega Bull Run With XRP not considered a security by the court, the token’s price saw one of its best rallies of the year in a matter of hours, surpassing Monday’s pre-market crash price resulting from global economic uncertainty. Related Reading: Analyst Says Bitcoin Bottom Is Not In, Will Price Crash Below $50,000 Again? Further demonstrating the bullishness of this development, crypto analyst CrediBULL contends that now that Ripple secured this win, the stage is now set for an “inevitable mega run” for the XRP price. Another analyst under the pseudonym “360 Trader” on social media platform X, also claimed that now the XRP’s “chains are off,” arguing that the XRP price will fly this cycle with a target ranging between $4 and $8. Featured image from DALL-E, chart from TradingView.com
Ripple’s civil case with the SEC has been ongoing since December 2020, when the regulator alleged the blockchain firm used XRP as an unregistered security to raise funds.
Bitcoin price struggles as stablecoin and futures market data show declining confidence among traders.
A grassroots organization is trying to rally crypto holders around Vice President Kamala Harris as Donald Trump openly embraces them.
Dogwifhat (WIF) has recently demonstrated significant bullish momentum, as its price surged 19% to break through the $1.5 critical resistance level. The breakout above this key resistance suggests increasing buying pressure for the cryptocurrency and opens up new possibilities for further upward movement. As WIF maintains its momentum above the $1.5 resistance mark, the question is whether the bulls can continue driving the price higher toward the next resistance level at $2.2, or if a pullback is imminent. This article aims to inform the audience about the significant price movement of Dogwifhat, provide a detailed technical analysis of the breakout above the $1.5 resistance level, and assess market sentiment along with potential future price directions including key levels to watch. WIF was trading at around $1.69 and has increased by over 19% with a market capitalization of over $1.7 billion and a trading volume of over $734 Million as of the time of writing. In the last 24 hours, the asset’s market cap has increased by more than 19%, while its trading volume has decreased by more than 20% Technical Analysis: Breaking Through $1.5 Resistance Currently, the price of WIF on the 4-hour chart has printed two bullish candlesticks, surpassing the $1.5 resistance mark towards the 100-day Simple Moving Average (SMA). Since breaching this key resistance level, the digital asset has experienced a consistent upward trend, suggesting that bulls are taking control and could further drive the price higher. Additionally, an analysis of the 4-hour Relative Strength Index (RSI) shows that the signal line of the indicator has successfully risen above 50% and is currently heading to 70%, suggesting that buying pressure is increasing and the asset might experience more upward movement. On the 1-day chart, although WIF is still trading below the 100-day SMA, it can be observed that the crypto asset with a single bullish momentum candlestick has surged past the $1.5 resistance level. With this recent bullish momentum, the meme coin could extend its rally toward the next resistance level at $2.25. Finally, on the 1-day chart, the RSI signal line is ascending from the oversold zone toward 50%, further supporting the potential for a continued bullish move and indicating that buying pressure in the market is stronger than selling pressure. Potential for Further Gains: What to Expect For WIF As WIF’s price continues to gain traction, it is expected to approach the next key resistance level at $2.2. Should the price break and close above this level, it may continue its bullish move toward the next resistance point at $3.58 and potentially advance to even higher areas. However, if WIF encounters resistance at the $2.2 mark and experiences a rejection, it could start to decline toward the $1.5 level. Should the price break below this support level, it may signal a further bearish move, leading to additional declines towards the $1.02 mark and beyond. Featured image from YouTube, chart from Tradingview.com
Real-world tokenized assets returned an average of roughly 213% this year, making the sector one of the highest-performing in the industry.
Decentralized prediction markets could revolutionize forecasting in finance, politics, and other fields by leveraging blockchain for transparency and autonomy.
The post What are decentralized prediction markets? appeared first on Crypto Briefing.
In a long-awaited conclusion to their high-profile legal clash, Ripple Labs and the US Securities and Exchange Commission (SEC) have reached a settlement that will see the blockchain company pay $125 million in civil penalties. Related Reading: Bitcoin Eyes New Records: Staying Above $45,000 Might Be The Catalyst — CEO Ripple-SEC Legal Saga Ends According […]
The financial regulator is trying to bring companies offering crypto services into line with requirements that came into force in October.
The low price of Bitcoin when it was launched and how much the digital asset has grown over the years has been a constant source of regret and awe for investors who found out about the cryptocurrency early. Mainly, the potential to turn a small amount into millions is what has drawn countless investors into […]
A federal judge ordered Ripple to pay $125 million in civil penalties and imposed an injunction against future securities law violations on Wednesday.
Data shows the Bitcoin funding rates on exchanges have turned negative, a sign that the shorts have now become the dominant force in the market. Bitcoin Funding Rates Have Turned Negative After Market Crash As pointed out by an analyst in a CryptoQuant Quicktake post, the Bitcoin funding rates have seen a sharp decline recently. The “funding rate” refers to a metric that keeps track of the periodic fee that derivatives contract holders are currently exchanging with each other. When the value of this indicator is positive, it means the long investors are paying a premium to the short ones in order to hold onto their positions. Such a trend implies a bullish sentiment is shared by the majority in the sector. Related Reading: Chainlink (LINK) Recovers 20% As Network Lights Up With Activity On the other hand, the metric being negative implies a bearish mentality could be the dominant one in the market as the short holders outweigh the longs. Now, here is a chart that shows the trend in this Bitcoin indicator for all exchanges over the past few months: As displayed in the above graph, the Bitcoin funding rate had been positive throughout the year 2024, save for a couple of small dips into the negative region, until this latest crash, which finally took the indicator to notable red values. The earlier positive values were naturally due to the fact that the market had a bullish atmosphere to it, so the average investor was trying to bet on the price to rise. From the graph, it’s visible that this positive sentiment was the strongest during the rally to the all-time high (ATH) price fueled by the spot exchange-traded fund (ETF) demand. During the consolidation period that had followed this rally, BTC had seen a couple of notable drawdowns, but they weren’t enough to shake off the bullish mood. The recent sharp crash, though, appears to have finally caused investors to have a bearish outlook on the cryptocurrency. The Bitcoin crash had resulted in a huge amount of long liquidations in the market, triggering what’s known as a squeeze. In a squeeze event, a sharp swing in the price causes mass liquidations, which in turn fuels the price move further. This then unleashes a cascade of more liquidations. Since the latest such event involved the longs, it would be called a long squeeze. In general, an event of this kind is more likely to affect the side of the derivatives market that is more dominant. As this power balance has shifted towards the shorts now, it’s possible that the market could instead see a short squeeze in the near future. Related Reading: Is Bitcoin In A Bear Market Now? Here’s What On-Chain Data Suggests Naturally, it’s not necessary that a short squeeze should take place, but if the price ends up witnessing some volatility, it’s possible it may end up punishing the short-heavy market. BTC Price Bitcoin has been steadily making recovery from the crash as its price has now climbed back to $57,500. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
Developer Kautuk Kundan claimed to have hacked Atari’s “onchain” game and said that it’s not really on the blockchain.
Nishad Singh and Sam Bankman-Fried contributed to the campaigns of two Minnesota policymakers mere days before FTX’s collapse in 2022.
In the ever-evolving cryptocurrency market, significant moves by large investors, or “whales,” often signal emerging trends and opportunities. Recently, a whale known for substantial holdings in Shiba Inu (SHIB) made headlines by shifting a staggering $10 million into Mpeppe (MPEPE) and BlockDAG (BDAG). This strategic move highlights the growing confidence in these two innovative projects […]
Bitcoin’s recovery bounce is losing steam, indicating that the bears remain active at higher levels.
The negative sentiment around Ethereum appears to be significant as evidenced by current data which shows that the ETH network is exhibiting a noticeable decrease in activity, with its number of transactions falling to its lowest level in the past 5 months. This drastic decline coincides with a larger downswing in the cryptocurrency market, marked […]
In the ever-evolving landscape of cryptocurrencies, memecoins have captured the imagination of investors worldwide. Dogecoin (DOGE) and Shiba Inu (SHIB) have long been the frontrunners in this space, but a new contender, Mpeppe (MPEPE), is rapidly gaining traction. Market experts are now confident that Mpeppe will not only challenge but potentially overtake Dogecoin’s dominance in […]
In the dynamic world of cryptocurrencies, the names Dogecoin (DOGE), Shiba Inu (SHIB), and the new contender, Mpeppe (MPEPE), have been generating significant buzz. These tokens, each with its unique features and dedicated community, are poised to create more millionaires than ever before. Here’s a detailed look at why these three cryptocurrencies are in the […]
In the ever-evolving world of cryptocurrencies, diversification and strategic investment are key to maximizing returns. As seasoned investors know, holding a mix of established and emerging assets can be a winning strategy. Today, we delve into why Dogecoin (DOGE) and Mpeppe (MPEPE) are two cryptocurrencies that deserve a spot in your portfolio. Despite recent market […]
An overnight bounce following dovish remarks from the Bank of Japan has failed to hold.
In this ongoing market recovery, most of the top assets including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) have experienced a significant upside move. Whereas, the Proof-of-stake (PoS) blockchain Cardano (ADA) remains dull compared to the top 10 assets by market capitalization. ADA open interest declines by 8% With its decent performance, ADA looks bearish. …
The Ethereum (ETH) community has rallied in significant numbers to support Mpeppe (MPEPE), a new utility memecoin that is making waves on the Ethereum (ETH) blockchain. As the cryptocurrency landscape continues to evolve, Mpeppe (MPEPE) is capturing the attention of Ethereum (ETH) enthusiasts with its unique blend of blockchain innovation and meme culture. Here’s why […]
For now, the advisory platform is only recommending ETFs from BlackRock and Fidelity.