SEC slams Ripple for citing Terraform Labs' example for lower settlement, and shares differences between two cases. The regulator notes that a much larger penalty, $102.6 million is applicable to Ripple, not the $10 million. XRP price is nearly … [Continue reading]
Gemini Earn creditors could recover their funds in coin as New York Attorney General recovers $50 million
Gemini Earn creditors can be made whole in kind on coin basis post the latest recovery of $50 million. New York Attorney General secured $50 million on behalf of 230,000 investors of the Earn program. Attorney General Letitia James’ office has … [Continue reading]
Here’s what you need to know about LayerZero ZRO token airdrop
LayerZero Labs CEO Bryan Pellegrino released details of the upcoming ZRO token airdrop in a recent tweet. ZRO total supply is 1 billion of which 23.8% will be directly allocated to the community and builders. LayerZero announced June 20 … [Continue reading]
PEPE holders distribute their tokens after massive profit taking for 30 days
PEPE token holders consistently took profit on their holdings in the past 30 days, booking $330 million in gains. The frog themed meme coin has added nearly 15% to its value in the same timeframe. PEPE supply on exchanges is down nearly 3%, … [Continue reading]
Liquid staking tokens see resurgence while Bitcoin ranges below $67,000
Liquid staking tokens Lido DAO, Rocket Pool, Stride and pStake Finance among others, have rallied in past 24 hours. The $3.96 billion market capitalization category has added 6%, while Bitcoin ranges below $67,000. Total value of assets locked … [Continue reading]
Ethereum ETFs could go live before July 2 after SEC send issuers comments on S-1s
Ethereum ETF issuers receive SEC comments on their S-1s after Chair Gensler predicted they'll be approved over the summer. SEC Chair Gensler maintains uncertain position when asked if ETH is a commodity. Ethereum may sustain range-bound movement in … [Continue reading]
Gold price rallies on weak US inflation despite hawkish Fed tilt
Gold soars above $2,330 as investors bet on Fed rate cuts later this year. Risk aversion due to European political turmoil boosts demand for safe-haven assets like gold. US Consumer Sentiment dips in June, inflation expectations remain above Fed’s 2% … [Continue reading]
Gold shines bright as US inflation dip ignites hopes for Fed rate cut
Gold soars above $2,330 as investors bet on Fed rate cuts later this year. Risk aversion due to European political turmoil boosts demand for safe-haven assets like gold. US Consumer Sentiment dips in June, inflation expectations remain above Fed’s 2% … [Continue reading]
EUR/JPY Price Analysis: Slips below 169.00 amid political turmoil
EUR/JPY trades at 168.43, marking the second consecutive day of losses due to political uncertainty in France. Technical outlook: Consolidation below 170.00 with potential further losses if price drops below the 50-DMA at 167.47. Key support levels: … [Continue reading]
Ethereum could sustain range-bound move following SEC Chair’s uncertainty over ETH status
Ethereum will host traditional market participants' tokenization efforts as they look to avoid liquidity fragmentation. SEC Chair Gensler maintains uncertain position when asked if ETH is a commodity. Ethereum may sustain range-bound movement in the … [Continue reading]