Day: March 14, 2025

Ethereum price futures slip into backwardation, BTC in contango: Kraken

Ethereum price continued its strong downward trend against the US dollar and Bitcoin as its linear weekly futures moved into backwardation. Ethereum (ETH) crashed to 0.023 against Bitcoin (BTC), its lowest level since May 2020 and 74% below its highest level during the pandemic.  Similarly, the coin dropped to a low of $1,770, its lowest point since October 2023, and 57% from its highest level in December of last year.  The ongoing Ethereum price crash is attributed to several factors like the ongoing ETF outflows, increased competition from layer-1 and…

Ripple Enters the Middle East With Game-Changing Dubai License

Ripple secured regulatory approval from a Dubai financial authority, marking its first Middle East license and positioning it as a leader in blockchain-powered payments amid growing institutional adoption. Ripple Just Got Regulatory Approval in Dubai Ripple announced on March 13 that it has secured regulatory approval from the Dubai Financial Services Authority to offer blockchain-powered […] Source CryptoX Portal

Is XRP About to Shock the Market? Analyst Says $110 Is Possible

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Ripple’s XRP, one of the top-performing cryptos last year, is trading between $2.15 and $2.30. The token’s current price is a far cry from its 52-week high of $3.38…

Vermont follows SEC’s lead, drops staking legal action against Coinbase

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US state Vermont has dropped its “show cause order” against crypto exchange Coinbase for allegedly offering unregistered securities to users through a staking service. Vermont’s Department of Financial Regulation said in a March 13 order that in light of the US Securities and Exchange Commission tossing out its case on Feb. 28, it would follow suit and rescind its action against Coinbase without prejudice. “The SEC has announced the formation of a new task force to, among other things, provide guidance for the promulgation of rules regarding the regulation of…

Risk-on Fades as Bitcoin Dips—Retreat Signals Massive Shift in Market Sentiment

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Fifty-two days have passed since bitcoin reached its all-time peak, and on Thursday, the leading cryptocurrency dipped below the $80,000 threshold as apprehension grew over the objectives and repercussions of Donald Trump’s trade war. Bitcoin Falls, Stocks Stumble: Investors Flock to Gold and Treasuries Markets, once electrified by the early enthusiasm surrounding U.S. President Trump’s […] Original

Aave Labs Introduces Compliance-Friendly DeFi Platform for Institutional Investors

Aave Labs launched the Horizon initiative on Thursday targeting institutional investors with products centered on tokenized real-world assets (RWAs) to bridge decentralized finance (DeFi) and traditional financial systems. Horizon Initiative Launches to Expand DeFi Access for Institutional Investors The initiative aims to integrate institutional capital into DeFi by tokenizing assets such as securities, bonds, and […] Source CryptoX Portal

XRP Bulls Struggle To Break Key Resistance At $2.2546: What’s Next?

XRP bulls are making a strong push, but the $2.2546 resistance level is proving to be a tough barrier. After a steady upward climb, buying momentum has weakened as sellers step in to defend this key level. A successful breakout could signal a continuation of the uptrend, driving XRP toward new highs and reinforcing positive sentiment in the market. However, if buyers fail to overcome this hurdle, XRP may face a pullback, with traders eyeing lower support levels for stability. Market participants are closely monitoring whether the bullish momentum is…

Ethereum pushes back Pectra upgrade to conduct third testnet ‘Hoodi’

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Ethereum core developers have decided to create a third testnet, Hoodi, to better prepare for the Pectra upgrade, which has now been delayed until at least late April after the first two testnets encountered several bugs. The Hoodi testnet will launch on March 17 and the Pectra upgrade for it will be activated on March 26, Ethereum Foundation developer Tim Beiko said following the Ethereum All Core Dev Call on March 13. If Pectra runs smoothly on Hoodi without major issues, core developers could set a mainnet launch date for…