crtypto & forex news

The US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) on Tuesday issued joint guidance that clarifies how federal securities laws apply to many crypto assets, a move aimed at ending years of regulatory uncertainty.  The agencies said the interpretation makes clear that the bulk of digital tokens are not securities, while laying out how certain transactions and token evolutions can bring them within, or remove them from, securities regulation. Clarity After A Decade Of Crypto Uncertainty  In the official release, the SEC framed the guidance as a milestone in its effort to provide clearer rules for market participants and to complement ongoing Congressional work to codify a comprehensive market-structure framework.  “After more than a decade of uncertainty, this interpretation will provide market participants with a clear understanding of how the Commission treats crypto assets under federal securities laws,” SEC Chairman P...

Bitmine Immersion Technologies has been buying Ether steadily and has pushed its holdings to roughly 4.5 million tokens, a position that makes the firm one of the largest corporate holders on record. According to reports, the latest disclosed move included an over-the-counter purchase of 5,000 ETH from the Ethereum Foundation, a sale arranged off-exchange to avoid pressuring public markets. The deal is small compared with the company’s total hoard, but it underscores an ongoing accumulation plan. Bitmine Staked Most Of Its Holdings Reports indicate that Bitmine added nearly 61,000 ETH in a single week, marking a notable acceleration in its purchase pace. The weekly bump is bigger compared to the company’s recent averages and highlights its more aggressive accumulation strategy. Combined with its existing holdings, the new ETH pushes Bitmine closer to controlling 4.6 million tokens in total. The bulk of that altcoin is not sitting idle. Reports indicate the company has staked ...

Bitcoin is trading firmly above the $70,000 level and has recently tested the $76,000 region, signaling renewed momentum as activity across the cryptocurrency market intensifies. The move higher suggests that buyers are gradually regaining control after a period of volatility, with traders closely watching whether the current rally can sustain itself as macroeconomic uncertainty continues to shape global markets. According to a recent CryptoQuant report, Bitcoin has shown a notable degree of resilience despite escalating geopolitical tensions involving Iran, an environment that has contributed to growing instability across several traditional asset classes. In contrast to Bitcoin’s recent strength, both equities and commodities are beginning to exhibit market structures that analysts increasingly describe as potentially topping formations. This resilience is particularly striking given the broader macro backdrop. The upcoming Federal Reserve FOMC meeting is widely expected to deliver...

A former Ripple executive has weighed in on an ongoing debate over XRP token burns , shedding light on their actual impact on an asset’s value. In a heated discussion on X, the executive challenged the XRP community’s long-held belief that burning tokens directly influences their immediate price action or automatically triggers a sharp price rally.  Ex Ripple CTO Reveals Real Impact Of Burning XRP David Schwartz, the former Chief Technology Officer (CTO) of Ripple, has taken to X to share new details about XRP burning and its direct influence on price . Notably, Schwartz’s statements come in response to the recent backlash and criticism stemming from Ripple’s latest $750 million share buyback .  In a post on March 12, a pseudonymous XRP community member known as ‘XRP Launch’ on X tagged several of Ripple’s top executives, including Schwartz, CEO Brad Garlinghouse, President Monica Long, and CLO Stuart Alderoty. The user questioned the company’s recent share buyback, asking...

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....