Month: May 2024

UNI Price Soars 20% As Uniswap Labs Pushes Back Against SEC’s Wells Notice

Uniswap Labs, the creator of one of the largest decentralized trading platforms, is challenging a potential enforcement action by the US Securities and Exchange Commission (SEC), arguing that crypto tokens should not be classified as securities.  The New York-based firm recently refuted the allegation that it operated as an unregistered exchange and broker-dealer. This response follows the SEC’s issuance of a Wells Notice to Uniswap Labs, signaling its intent to recommend legal action against the company.  Uniswap Labs Challenges SEC’s Claims In a 40-page filing submitted to the SEC, Uniswap…

Will XRP Price Hold 100 SMA and Trigger a Fresh Increase?

XRP price extended its increase above the $0.5450 resistance. The price is now correcting gains and might remain strong above the 100-hourly SMA. XRP extended its increase above the $0.5450 resistance zone. The price is now trading above $0.5250 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $0.5330 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is correcting gains, but there could be a fresh increase unless there is a close below the 100-hourly SMA.…

Far from Over, More Gains Ahead!

Ethereum price extended its increase and tested $3,840. ETH is holding gains and seems to be eyeing a move toward the $4,000 level. Ethereum started a fresh increase and traded above the $3,750 resistance zone. The price is trading above $3,700 and the 100-hourly Simple Moving Average. There is a short-term bullish trend line forming with support at $3,710 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up unless there is a break below the $3,380 support. Ethereum Price Eyes Additional Gains…

Bitcoin Dips but Holds Strong: Bullish Momentum Intact

Bitcoin price started a downside correction from the $72,000 zone. BTC is now consolidating near $70,000 and might eye another increase in the near term. Bitcoin struggled above the $71,800 resistance zone. The price is trading above $69,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $69,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase unless there is a move below $68,800. Bitcoin Price Corrects Gains Bitcoin price gained pace…

The Bitcoin Policy Institute Launches the Peer-to-Peer Rights Fund to Help Defend Samourai Wallet Founders

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The Bitcoin Policy Institute, a non-profit organization supporting bitcoin initiatives, has launched the Peer-to-Peer Rights Fund, a project seeking to protect bitcoin’s decentralized nature from regulatory overreach. The fund’s first objective is to aid in the defense of the founders of Samourai Wallet given the relevance of the case for the industry. Peer-to-Peer Rights Funds […] Original

Altcoins ‘Maniac Phase’ Preparing, Analysts Call For Next Leg Up

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The crypto industry has seen a positive shift with the recent market recovery. After a Q1 full of bullish sentiment, Q2 saw many sectors of the crypto space brewing a pessimistic feeling toward altcoins. Related Reading Experts and market watchers have reassured investors that the price corrections were part of the cycle, predicting that the bullish rally would resume after the cool-off. Now, analysts consider that altcoins are about to embark on a “massive leg higher” for the alt season. Ethereum’s Surge Refuels Sentiment The crypto market is up by…

Tether mints $1 billion USDT on Ethereum, forecasting an ETF approval

Tether minted on Tuesday $1 billion USDT tokens on the Ethereum blockchain, capitalizing on growing hype around a potential spot Ethereum ETF approval. The market upswing was driven by hopes that the U.S. Securities and Exchange Commission (SEC) will approve a spot Ethereum (ETH) ETF for trading this Thursday.  Whale Alert first reported the minting on Tuesday, which was replied to and confirmed by Tether CEO Paolo Ardoino, who wrote, “PSA: 1B USDt inventory replenish on Ethereum Network. Note this is an authorized but not issued transaction, meaning that this…

Analyst Highlight Path To $0.2

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Dogecoin (DOGE), the popular meme-inspired cryptocurrency, is currently demonstrating signals that suggest it might be on the cusp of a significant bullish breakout. According to a recent analysis from prominent crypto analyst Ali, the meme-inspired cryptocurrency appears to be approaching a crucial resistance level, with market behaviors hinting at potential upward movement. Related Reading Eyes Set On Breaking The $0.2 Resistance Level Ali, a well-known market analyst, pointed out that Dogecoin is testing the possibility of reaching its highest price level in over a month at $0.2. His analysis is…

Trump campaign now accepting crypto donations, a first for major party nominees

Former President and Republican frontrunner Donald Trump and his campaign announced on Tuesday it will start accepting cryptocurrency donations. This marks the first time a major American political party is embracing digital currencies for campaign donations.  The Trump campaign introduced a fundraising page that allows federally permissible donors to contribute using any cryptocurrency that is accepted on the Coinbase platform. This can be seen as a sign of Trump’s growing acceptance of financial technology, and his continued stance of lowering government control over individual financial decision-making. Trump’s new stance contrasts…

Peter Schiff Anticipates Outflows From Bitcoin ETFs to Ethereum ETFs Following SEC Approval

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Economist and gold bug Peter Schiff has cautioned that the approval of spot ethereum exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) could negatively impact spot bitcoin ETFs and bitcoin. Speculation is high that the SEC will approve spot ether ETFs this week, as the securities watchdog faces two impending deadlines. Peter […] Original