Ripple’s chief legal officer has accused the U.S. Securities and Exchange Commission (SEC) of fabricating the term “crypto asset security.” Ripple CLO Stuart Alderoty says the term has no legal basis and “is nowhere to be found in any statute.” “The SEC needs to stop trying to deceive judges by using it.” The SEC has […]
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Yonsei University in South Korea has joined Ripple’s University Blockchain Research Initiative (UBRI), becoming the 58th global partner and the 12th in the Asia Pacific region. This partnership aims to drive innovation in blockchain research across various disciplines, including artificial intelligence, finance, information systems, and management. Supported by Ripple’s funding and resources, Yonsei University will […]
Financial comparison platform Finder has updated its XRP price prediction for 2024 based on input from a panel of fintech experts. The panel’s average prediction for XRP is $0.66 this year, with the forecast suggesting it could rise to $1.05 by the end of 2025 and reach $2.49 by 2030, driven by its role in […]
The chief legal officers at Kraken and Ripple have weighed in on the Federal Court for the Northern District of California’s recent decision in the U.S. Securities and Exchange Commission’s lawsuit against Kraken. “Another court, this time in the Kraken case, confirms there’s no such thing as a ‘crypto asset security.’ Bad news for the […]
A closely followed crypto analyst is saying that XRP is showing potential for a massive breakout. In a new video update, crypto strategist Jason Pizzino tells his 332,000 YouTube subscribers that XRP, the token used to operate Ripple Labs’ payments platform, could soar to as high as $3. However, the analyst warns that XRP is […]
The post XRP Has the Potential To Surge Higher, Says Crypto Analyst Jason Pizzino – But There’s a Catch appeared first on The Daily Hodl.
The crypto industry made waves in the 2024 federal elections by investing a staggering $119 million, positioning itself as the top corporate donor of the election cycle, according to a detailed report by citizen.org. This hefty financial contribution underscores the expanding sway of the cryptocurrency sector in influencing U.S. politics today. Crypto Industry Dominates 2024 […]
Dennis Kelleher, CEO of Better Markets, says the U.S. Securities and Exchange Commission (SEC) has a 90% chance of winning an appeal in the Ripple lawsuit over XRP. He criticized the court ruling as flawed, arguing that the judge in the Ripple case misapplied the law. Better Markets CEO on SEC Appeal Against Ripple Dennis […]
Goldman Sachs disclosed substantial holdings of $418 million in bitcoin ETFs in Q2. Hamster Kombat rejected multiple venture capital investments to protect players from becoming exit liquidity. A Nigerian bitcoin proponent filed a lawsuit to overturn the government’s crypto ban. WBTC’s custody change has raised concerns in the defi community. Ripple’s legal chief discussed the […]
Ripple’s chief legal officer says he wouldn’t be surprised if the U.S. Securities and Exchange Commission (SEC) does appeal the final ruling in the Ripple lawsuit over XRP. He questioned the SEC’s rationality and expressed confidence that any appeal by the SEC would likely fail. Alderoty urged the SEC to focus on its core mission […]
Bitcoin bulls are holding on to the $55,500 support, but an increase in futures open interest and a death cross on the BTC chart have traders worried that further downside is in store.
Bitcoin (BTC) has been stuck in a sideways price action phase for several months, but that has not stopped institutional investors from buying. According to K33 Research senior analyst Vetle Lunde, more than 262 new firms invested in the United States spot Bitcoin exchange-traded funds (ETFs) during the second quarter of 2024.
It is encouraging to note that the institutional investors have largely held on to their positions or increased them. Bitwise chief investment officer Matt Hougan said in a post on X that 44% of asset managers boosted their Bitcoin ETF positions while 22% held steady. Only 13% exited their positions, and the remaining 21% reduced positions. Hougan called this as “a pretty good result, on par with other ETFs.”
While the long-term remains bullish, analysts are turning bearish in the near term. Cryptocurrency analysis platform Coinglass cautioned in a post on X that Bitcoin’s rising open interest suggests there is “room to fall.” Additionally, analysts are closely watching the death cross as the 50-day simple moving average (SMA) has dipped below the 200-day SMA.
