During an interview at the Bloomberg Investment Summit, SEC Chair Gary Gensler expressed his confidence in the approval process for spot Ethereum ETFs. While he did not provide a specific timeline for when these ETFs would be approved, he highlighted that the main focus was currently on asset managers ensuring full disclosure in their registration
Crypto
The ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission has been a hot topic since it began in 2020. With no clear end in sight, the question of who will emerge victorious remains uncertain. Ripple managed to secure some wins before the trial commenced, but the main issue at hand
Bitcoin (BTC) has recently experienced a continued downtrend, hitting new local lows of under $59,000. This decrease in value has been particularly evident during the mid-hours of the United States Monday trading session, where BTC briefly dropped below $60,000 to reach a new local low of $58,500. The ongoing slump can be attributed to the
Bitcoin’s price has experienced a sharp decline in recent days after failing to maintain levels above $70K. The market is currently approaching a critical level, with the price now nearing the pivotal $60K support level. The 200-day moving average, which sits at around $58K, could be tested if the price breaks below $60K. The mid-term
The data from Token Terminal reveals an impressive surge in monthly stablecoin transfer volumes, reaching over $1.68 trillion in April. This significant increase from the $100 billion recorded in October 2020 highlights the growing potential of stablecoins in revolutionizing financial processes and enabling seamless cross-border transfers. The analysis includes stablecoins issued by major players like
In the realm of cryptocurrency, Artificial Intelligence (AI) has been gaining significant traction, particularly in the last 30 days. A recent report from the market intelligence platform Santiment unveiled the top 10 AI cryptocurrencies that have seen the most development activity during this period. NEAR Protocol, leading the pack with an index of 173.5, has
The AVAX native token for the layer-1 blockchain Avalanche has experienced a significant downturn, dropping more than 10% to its lowest level since December 2023. In just 24 hours, the token plummeted from $27.87 to an intraday low of $24.92, marking a dramatic 37% decline over the past month. This steep decline in value reflects
In the midst of Ripple’s ongoing legal battles with the SEC, analysts are diving into technical patterns to predict potential price movements for XRP. One such analyst, EGRAG CRYPTO, has identified a bullish candle formation called the quarterly hammer. This formation suggests that XRP needs to close the next three-month candle within the range of
The month of May proved to be a significant one for the cryptocurrency industry, with a total of $1 billion worth of investments being disclosed across 156 different projects. Ethereum emerged as the dominant player in this space, showcasing its strength and appeal to investors. In a twist of events, the tax evasion charges against
The lawsuit between Ripple and the US Securities and Exchange Commission (SEC) has been a hot topic in the cryptocurrency world. If Ripple were to lose the case, the consequences could be severe not only for the company but also for the entire cryptocurrency market. The regulator initially sought a $2 billion penalty, but the
