Tag: SEC

INSANELY BULLISH For Crypto: SEC’s Move Could Pump These Projects!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Historically, the SEC has been anything but friendly towards the crypto industry. However, that stance has now shifted, and in a big way. In a complete reversal, the SEC is now championing blockchain innovation. In its latest move, chairman Paul Atkins unveiled “Project Crypto”, which aims to create clear regulatory frameworks that support crypto’s innovative potential. However, some have questioned whether the SEC’s renewed approach may be a little too hands-off, which could create more chaos than calm. That’s why today, we’ll…

Cardano Retests Key Level As SEC Delays ETFs – Rally Brewing?

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As the decision on Grayscale’s spot Cardano (ADA) Exchange-Traded Fund (ETF) has been delayed, the altcoin is retesting a key area. Some analysts have suggested that a massive rally is brewing after the price bounced from the range lows. Related Reading Cardano Drops As Spot ETF Gets Delayed On Tuesday, Cardano started to recover from its start-of-week correction after bouncing from a crucial area. The cryptocurrency has been trading within the $0.84-$0.96 price range since its breakout in early August, reaching a five-month high of $1.02 on August 14. During…

Bitwise Submits S-1 Filing to US SEC for Spot Chainlink ETF

Key Notes Bitwise’s Chainlink ETF will be structured as a Delaware statutory trust with NAV linked to the CME CF Chainlink–Dollar Reference Rate. Shares will be created and redeemed in blocks of 10,000 via a “Trust-Directed Trade” system, allowing transactions in LINK or USD. The ETF filing has driven increased whale activity and trading volumes, fueling bullish sentiment for LINK. In the latest development, Bitwise Asset Management has submitted an S-1 filing to the US Securities and Exchange Commission (SEC) to launch a spot Chainlink LINK $24.17 24h volatility: 1.6%…

Pro-XRP Lawyer Blasts SEC Lead Counsel In Ripple Case Following Conclusion

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Pro-XRP lawyer Bill Morgan has called out Jorge Tenreiro, who was the lead counsel in the Ripple case. This follows the conclusion of the long-running legal battle between the crypto firm and the U.S. SEC.  XRP Lawyer Calls Out Counsel In Ripple Case In an X post, Bill Morgan revealed that the lead counsel for the SEC in the Ripple case is now a partner at a major law firm. The pro-XRP lawyer further stated that Tenreiro’s profile refers to some of his courtroom successes in crypto enforcement. However, he…

Canary Capital Files “American-Made” Crypto ETF Amid SEC Delays

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US digital asset investment firm Canary Capital Group has filed with the Securities and Exchange Commission (SEC) to launch the Canary American-Made Crypto ETF (MRCA).  According to a Friday filing, the proposed fund would track an index of cryptocurrencies created, mined or primarily operated in the United States, with shares slated to trade on Cboe BZX under the ticker MRCA. The trust also plans to stake its proof-of-stake holdings through third-party providers, adding rewards to its net asset value. The Made-in-America Blockchain Index will admit only assets that meet strict…

Ripple (XRP) Price Forecast: Short Sellers Bet $1.2 Billion Against XRP after Final SEC Settlement Confirmation

Key Notes XRP price rallied above $3.50 on Fed rate-cut hints but retreated to $3.02 on Sunday Aug 24, after missing the $3.84 target. Ripple and SEC officially settle, ending appeals and affirming XRP is not a security for secondary trades. Coinglass data shows $1.16 billion in XRP shorts vs $519 million longs, signaling heightened bearish pressure. Ripple (XRP) price closed strongly last week, rallying to $3.50 for the first time since 2021. Two factors drove the upside momentum. First, US Fed Chair Jerome Powell hinted at rate cuts in…

SEC delays rulings on Truth Social, Solana and XRP ETFs to October

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The US Securities and Exchange Commission (SEC) has delayed rulings on three high-profile crypto exchange-traded funds (ETFs), extending review deadlines into October.  In notices filed Aug. 18, the agency set new decision dates of Oct. 8 for NYSE Arca’s Truth Social Bitcoin and Ethereum ETF, Oct. 16 for 21Shares’ and Bitwise’s Solana ETFs, and Oct. 19 for the 21Shares Core XRP Trust. The Truth Social Bitcoin and Ethereum ETF, submitted on June 24, is structured as a commodity-based trust holding Bitcoin (BTC) and Ether (ETH) directly and issuing shares backed…

Ripple (XRP) Price Analysis: Golden Cross Intact as SEC Confirms Joint Appeal

Key Notes Ripple (XRP) price rebounded 2% on Saturday, Aug 16, holding firm above the $3 support despite broader market weakness. SEC and Ripple jointly moved to dismiss appeals in their $125 million case, awaiting final approval from the Court of Appeals. The resolution will enforce Ripple’s penalty but uphold Judge Torres’ ruling that XRP is not a security in secondary trading. XRP Price Holds $3 as Ripple–SEC Case Nears Final Resolution Ripple (XRP) price climbed 2% on Saturday, August 16, stabilizing above the $3 support despite a sharp decline…

Solana Dips To $185 Amid SEC ETF Delay, But Analyst Eyes $360

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Amid the recent market pullback, Solana (SOL) is attempting to reclaim a crucial area to continue with its bullish rally. Some analysts have suggested that the cryptocurrency will likely break out to new highs if a key support level is held. Related Reading Solana Back Below $200 Earlier this week, the market soared under the lead of the two largest cryptocurrencies. Bitcoin (BTC) hit a new all-time high (ATH) of $124,000, and Ethereum (ETH) hit a multi-year high of $4,788 in the early hours of Thursday. Nonetheless, higher-than-expected macroeconomic signals…