The US SEC announced Monday that its Crypto Task Force will host a series of roundtables addressing key regulatory areas for digital assets. The inaugural session, focused on defining security status, will take place on March 21.The first event in the “Spring Sprint Toward Crypto Clarity” series will be open to the public from 1:00 P.M. to 5:00 P.M. at SEC headquarters in Washington, D.C. The session will be streamed live on SEC.gov, and a recording will be posted later. Attendees can also participate in unbroadcast small group breakout discussions.“I am looking forward to drawing on the expertise of the…
Author: cryphedge
The SEC has dismissed its lawsuit against Kraken with prejudice, marking a broader retreat from crypto enforcement actions and signaling a potential shift in regulatory strategy. Regulatory Case Ends Without Penalties The U.S. Securities and Exchange Commission (SEC) has agreed to dismiss its lawsuit against Kraken with prejudice, preventing the regulator from refiling the case in the future. The crypto exchange confirmed the development, stating that the case was dropped without any admission of wrongdoing, penalties, or required changes to its business operations. Kraken framed the SEC’s decision as a pivotal moment for the crypto industry in the United States,…
The cryptocurrency market is facing a significant downturn once again, with market sentiment shifting from ‘panic’ to ‘extreme panic.’ Following a brief rebound, the market has experienced a sharp decline, triggering intense fear among investors. Crypto Goes ‘Extreme Panic’ According to alternative data, the Cryptocurrency Panic and Greed Index has dropped to 15 today, down from 33 yesterday, signaling a transition from ‘panic’ to ‘extreme panic.’ Crypto Goes ‘Extreme Panic’ Mode The global cryptocurrency market cap has fallen to $2.84 trillion, representing a 12.8% drop in the past 24 hours. Additionally, the total trading volume for cryptocurrencies in the last…
ADA, the native token of the Cardano blockchain, has experienced significant volatility over the past 48 hours. This price fluctuation has led to millions of dollars in liquidations, according to on-chain analytics firm Coinglass.Cardano (ADA) LiquidationsData shows that a total of $40.80 million worth of ADA positions were liquidated in the last 24 hours. Of these liquidations, $30 million came from the long side, while $11 million came from the short side.Current Price Momentum As a result, ADA has recorded a 25% price drop in the past 24 hours and is currently trading near $0.81. Due to this significant price fluctuation,…
The US Securities and Exchange Commission has officially closed its investigation into Yuga Labs, the company behind the Bored Ape Yacht Club and CyberPunks NFT collections.The regulator does not intend to take any further enforcement actions and did not issue any charges against the firm. In a social media post on March 3, Yuga Labs said the closure was a win for creators and NFTs.It stated:“After 3+ years, the SEC has officially closed its investigation into Yuga Labs. This is a huge win for NFTs and all creators pushing our ecosystem forward. NFTs are not securities.”Yuga Labs probeThe SEC had…
While Bitcoin and Ethereum continue to make headlines, a new contender with the potential to generate exponential gains is quietly gaining the crypto market’s audience. A formidable XRP rival, WallitIQ (WLTQ), is establishing itself as the upcoming crypto sensation. With its cutting-edge AI-powered strategy and solid technological foundation, the AI crypto coin is poised for a massive 15,000% surge, allowing investors to compete with Bitcoin, Ethereum, or even XRP. The Rising Need For Bitcoin And Ethereum Substitute Bitcoin and Ethereum have long been the crypto market’s mainstays. However, both have drawbacks. While Bitcoin and Ethereum are the main store of…
As of now, Litecoin (LTC) is trading at $114.56, after experiencing a 10.15% decline in the last 24 hours, although it is down 6.87% over the last 30 days. This recent volatility highlights the dynamic and sometimes unpredictable nature of the crypto market, making short-term forecasts both challenging and intriguing. Litecoin Price Analysis The token has experienced a sharp 10.15% drop over the past 24 hours, which might be attributed to short-term profit-taking or a brief market correction. However, despite today’s significant decline, LTC has only fallen 6.87% over the past 30 days, suggesting that while there is short-term bearish…
After an impressive upside rally, the overall cryptocurrency market dropped significantly again, erasing almost all its gains. This sharp decline has not only instilled fear among investors but also led to multi-million dollar liquidations of intraday traders, as reported by the on-chain analytics firm CoinGlass.Data from CoinGlass revealed that approximately 222,235 traders were liquidated amid ongoing market uncertainty, resulting in a total liquidation of $801.30 million worth of cryptocurrencies. Additionally, CoinGlass data further revealed that the largest single liquidation order occurred on BitMEX.Source: CoinglassOut of these substantial liquidations in the past 24 hours, the majority came from long positions, with…
Throughout the first two months of the year, the cryptocurrency market has been defined by underperforming expectations and volatility. Although assets have underperformed, many analysts are expecting big things to come. Among those cryptocurrencies is Chainlink (LINK), which has started the week with a 10% drop but could still eye an increase to $24 this year.The asset had previously surged after US President Donald Trump announced plans for the country’s first crypto reserve. Although LINK was not named, the president noted that it would include “other valuable cryptocurrencies” to purchase to make up the reserve. However, the increase did not…
House Majority Whip Tom Emmer and Congressman Ritchie Torres have announced the formation of the Congressional Crypto Caucus, a bipartisan coalition aimed at advancing pro-crypto legislation in the House of Representatives.The initiative marks a shift toward more coordinated legislative efforts in the digital asset space as lawmakers work to establish regulatory clarity for the $3 trillion industry.Unlike the Congressional Blockchain Caucus, which was formed in 2017 as an educational resource, the new Congressional Crypto Caucus will function as a voting bloc to mobilize support for digital asset legislation, including bills addressing stablecoins and market structure reforms.Emmer said the caucus was…
