crtypto & forex news

The US Securities and Exchange Commission (SEC) has officially dismissed another crypto-related case, this time involving Nader Al-Naji, the founder of BitClout. This development marks the end of a nearly two-year legal battle, with the case initially filed in July 2024. BitClout Founder Cleared Of SEC Charges In a recent court filing, the SEC announced that it had reassessed the evidentiary record and concluded that dismissing the claims against Al-Naji and the associated Relief Defendants was appropriate. “In the exercise of its discretion, the Commission believes dismissal of the claims is appropriate,” the filing stated. The SEC’s initial lawsuit accused Al-Naji of raising over $257 million through unregistered offers and sales of the BitClout blockchain’s native token, BTCLT, since November 2020.  The complaint alleged that he misled investors by falsely claiming that the funds would not be used for personal gain. At the time, the SEC contended that Al-Naji had misapprop...

During the ongoing volatile market conditions, XRP investors on cryptocurrency exchanges appear to be choosing to hold their tokens rather than sell them to cut down losses. A clear indication of this investor trend is the steady decline of XRP reserves on the leading Binance trading platform. Binance Sees Steady XRP Supply Drop While the price of XRP has been stuck below the $2 level for the past few months, investors’ sentiment and demand for the altcoin have shown underlying strength. The quantity of the altcoin in crypto exchanges’ reserves has been declining at a fast rate, underscoring a strong accumulation trend. After examining the Scarcity Index, Xaif Crypto, a technical analyst and investor, outlined an intriguing shift in exchange dynamics. The chart shared by Xaif Crypto indicates that the supply of XRP available on Binance , the world’s largest cryptocurrency trading platform, has been gradually decreasing, indicating that fewer tokens are being held on the exchange f...

The Ethereum Foundation is making headlines once again for selling ETH, but this time the spotlight is also on the buyer. The foundation has dumped approximately 5,000 ETH amid broader market volatility and fluctuating prices. The foundation has provided reasons for its large-scale ETH sale, citing ongoing support of operations and activities.  Ethereum Foundation Sells ETH To Crypto Company The Ethereum Foundation has completed a new ETH sale to support its ongoing development efforts. In an X post on March 14, the organization announced that it was offloading 5,000 ETH, worth approximately $10 million, at an average price of $2,042.96 through an over-the-counter (OTC) transaction . The buyer in this deal is Bitmine, a publicly traded Bitcoin mining company that operates under the ticker BMNR. According to the Ethereum Foundation, the ETH transaction was confirmed on-chain through the organization’s Safe multisig wallet at address: 0x9fC3dc011b461664c835F2527fffb1169b3C213e....

A Delaware court had already ordered 71 Bitcoin frozen over a customer fund dispute before crypto lender BlockFills formally declared it could no longer operate . That freeze — tied to a legal battle with creditors over how client money was handled — cast a shadow over the company well before it filed for Chapter 11 protection this week. Customers Locked Out As Withdrawals Halt BlockFills stopped letting customers move their money last month. The company pointed to a sharp Bitcoin selloff — the coin dropped from above $97,000 to below $64,000 between mid-January and early February — as the reason it needed to protect both itself and its clients. Deposits and withdrawals went dark. No timeline for restoration was given. Now the company and three related entities, all operating under parent firm Reliz LTD, have taken their case to federal bankruptcy court in Delaware. The filing seeks a Chapter 11 restructuring, which allows a company to keep running while it works out a repayme...

Cardano founder Charles Hoskinson has weighed in on a governance dispute surrounding Liqwid, arguing that insiders tied to the protocol should step aside from any revote on disputed asset distribution and let token holders decide whether earlier public commitments should be honored. His intervention matters because it cuts to a familiar pressure point in DeFi governance: whether a DAO vote is truly legitimate when founding insiders may be voting on an outcome that benefits them directly. In a livestream from Wyoming, Hoskinson said he generally avoids involvement in the DeFi layer of the Cardano ecosystem unless there is a broader community mandate. But he said the Liqwid situation had crossed into a more serious issue of trust after October representations that “100% of the assets in the smart contracts” allocated to the protocol would be returned to their “rightful owners.” The dispute centers on a sizeable pool of Midnight’s NIGHT tokens tied to Liqwid’s ADA market. Public gover...

The Federal Open Market Committee (FOMC) meeting has always had significant implications on the crypto market because this is where the interest rates for the US markets are determined. With the announcement of whether there is a rate hike, a rate ease, or the interest rates staying the same, the markets always react, either positively or negatively. Now, another FOMC meeting is rolling around, and the forecast has leaned heavily toward the Fed keeping the current interest rates. Fed Likely Keeping The Same Interest Rates With the next FOMC meeting happening on Wednesday, March 18, 2026, the predictions for what could happen are already pouring in. The FedWatch Tool on the CME websites tracks the probabilities of the outcome of each meeting, then rates it on a percentage scale. Presently, the FedWatch Tool is reading in favor of no change. It shows a 98.1% probability that the Fed will not change interest rates, meaning that interest rates are likely to stay the same at 3.50-3.75...

Reports indicate investment bank TD Cowen warned the CLARITY Act may not pass until 2027 and could take effect in 2029. Lawmakers And Deadlines The bill’s timetable is tight. Alex Thorn of Galaxy Digital said if the CLARITY Act doesn’t clear committee by the end of April, the chances of passage in 2026 fall sharply. Senate leaders have signaled other items will take priority on the floor, leaving little room for a complex compromise. Debate over stablecoin rewards is where many expect the fight to play out. Banks and crypto firms remain divided on whether yielding rewards via stablecoins undermines traditional banking models. Some lawmakers and lobbyists are already trading hard lines; compromise will be needed for any bill to move. if CLARITY doesn’t pass committee by end of april, odds of passage in 2026 become extremely low. this needs to hit the senate floor by early may… floor time is running out and odds diminish every day that passes the framing right now is that the d...