TL;DR Ripple uses a recent Binance ruling to argue against harsh penalties in their SEC lawsuit, citing regulatory uncertainty. The agency has reduced its proposed penalty from $2 billion to $102.6 million, while the company argues for a maximum fine of $10 million. Ripple on the Move The legal confrontation between Ripple and the US […]
The United States government has increased the reward offered for information on OneCoin co-founder Ruja Ignatova’s whereabouts to $5 million. According to an official release from the U.S. Department of State spokesperson in conjunction with the U.S. Embassy in Bulgaria, anyone who brings information leading to the arrest or conviction of Ignatova, popularly known as […]
Jesse Powell, the co-founder and chairman of the cryptocurrency exchange Kraken, has donated $1 million in digital assets to the United States presidential campaign of the pro-crypto candidate Donald Trump. In a Friday tweet, Powell revealed that the donation was mainly in ether (ETH). The Kraken founder has now declared publicly his support for Trump […]
On-chain experts have warned that political-themed meme coins will remain volatile for the next seven days or more as the United States presidential debate approaches. Bitfinex analysts said PolitiFi tokens have become speculative assets for the outcome of the upcoming elections; hence, they could witness dramatic rises and falls before, during, and after the debate […]
The spot Bitcoin ETFs started the current business week negatively, ending their longest streak in terms of inflows on Monday. However, the tides have changed once again, perhaps due to the promising US CPI numbers that came out yesterday. CryptoPotato reported last Friday that these financial vehicles had recorded their 19th consecutive days of positive […]
TL;DR Ripple and the SEC have been in a significant dispute involving key witness testimony from Andrea Fox. The entities have also clashed over the sealing of certain financial documents, with the regulator viewing this data as critical to the case. The Clash Over Key Testimony The infamous legal battle between Ripple and the US […]
TL;DR Donald Trump was found guilty of 34 charges related to falsifying business records in a hush-money trial involving porn star Stormy Daniels. His conviction was followed by volatility in meme coins linked to him and Joe Biden. Trump Found Guilty A Manhattan jury found Donald Trump guilty of all 34 charges of falsifying business […]
Crypto markets have remained relatively inactive over the weekend, maintaining gains made last week in the wake of spot Ethereum exchange-traded fund approvals in the United States. This week will see the release of more economic data such as consumer confidence and gross domestic product indicators. Economic Calendar May 27-31 Monday is Memorial Day in […]
In a filing with the Securities and Exchange Commission this week, the State of Wisconsin Investment Board (SWIB) reported investments in spot Bitcoin ETFs from BlackRock and Grayscale. According to SWIBs Form 13F for Q1 2024, the $156 billion pension fund purchased $64 million worth of Grayscale’s GBTC, and $99.2 million worth of BlackRock’s IBIT, […]
Bitcoin is likely to remain within the current trading range until a more favorable macroeconomic environment arises. Taking into account the current market conditions, such as profit margins, leverage, and the distribution of coin ages, the landscape suggests a more expressive rally within this cycle. The target for CryptoQuant’s analyst stands at around the anticipated […]