Coinbase, the largest cryptocurrency exchange in the United States, has been granted a rare legal opportunity to challenge claims made by the Securities and Exchange Commission. Judge Katherine Polk Failla of the Southern District of New York approved Coinbase’s request for an interlocutory appeal, temporarily pausing the ongoing court case. An interlocutory appeal allows a party to challenge a specific legal question before the full case is resolved. In this instance, Coinbase will ask the Second Circuit Court of Appeals to determine whether the SEC’s allegations against it are valid under current securities laws. You might also like: Bitcoin crosses $100,000 again: Can Trump’s inauguration spark a new all time high? Is Coinbase unregistered? The SEC claims Coinbase operated as an unregistered exchange and broker-dealer, meaning it allegedly facilitated trades and other financial services without securing the required regulatory approvals. The regulator also accused Coinbase of selling unregistered securities through its staking program, in which users earn rewards by locking up cryptocurrency to support network operations. The appeal will address whether digital assets traded on Coinbase qualify as investment contracts. This term originates from the Howey test, a legal standard used to determine what counts as a security. A ruling from the appellate court could provide much-needed clarity on how securities laws apply to cryptocurrencies, a topic that remains unsettled. Over the strenuous objection of @SECGov , Judge Failla has GRANTED our motion for leave to pursue an interlocutory appeal and STAYED the district court litigation. We appreciate the Court's careful consideration. On to the Second Circuit we go. pic.twitter.com/FuZ2jcYvfF — paulgrewal.eth (@iampaulgrewal) January 7, 2025 Fox Business reporter Eleanor Terrett noted the appeal’s rarity, calling it a “big win” in the legal battle. The decision could impact how regulators and courts treat cryptocurrency platforms in the future. This development temporarily halts the SEC’s case against Coinbase until the appellate court delivers its ruling, a decision that could significantly shape the future of cryptocurrency regulation in the United States. You might also like: Singapore’s OCBC bank launches fractional tokenized bonds for corporates
Bitcoin’s recent price fluctuations, hitting resistance at $102,180 and igniting discussions on demand levels below $98,000, signal potential market dynamics. Investor sentiment remains bullish despite short-term sell-offs, as evidenced by
The crypto market recorded a significant downtick during Tuesday’s U.S. market hours as Bitcoin dropped 5%. The BTC…
The Czech National Bank is considering the inclusion of a small amount of Bitcoin in its future reserve strategy as a means of diversification for its foreign exchange reserves. Governor Aleš Michl has expressed interest in adopting the cryptocurrency, though the decision requires approval from the seven members of the CNB Board of Directors. This move comes as part of broader considerations for reserve diversification, with Bitcoin's annual returns of 131% being noted as a significant factor, compared to gold's targeted increase to 5% of reserves by 2028. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
Bitcoin price sold-off today, but heavy demand below $98,000 is prepping the market for the next leg higher.
Major investors from the Bitcoin and Ethereum communities are showing support for a new memecoin that claims it could grow 100 times by 2025. This digital token is attracting attention from key players in the cryptocurrency world. Is this the next big opportunity that could reshape crypto portfolios? Trump’s Victory Sparks Crypto Chaos: $XYZ Meme Coin Ready to Deliver a 99,900% Knockout Donald Trump’s election victory has triggered a seismic shift in the crypto market, setting the stage for a bull run like no other. As the dust settles, major coins limp forward with uninspiring double-digit gains, while meme coins are stealing the show. PNUT’s recent 4,500% surge? FRED’s 6,000% explosion? Ancient history, buried in the ashes of short-lived hype. These coins buckled under selling pressure, leaving FOMO-ridden investors licking their wounds. But the crypto battlefield doesn’t wait for the weak — a new titan has emerged with plans to obliterate profit records and deliver an earth-shaking 99,900% surge. Take the XYZ Side – The Undisputed Champion of Meme Coins $XYZ Breaks into the Ring to Knockout Meme Coin Legends Meet $XYZ – the first-ever all-sports memecoins for true crypto degens hungry for 1000X profits. This is the token for those who thrive on the thrill of competition. As Trump takes the reins, the crypto market is set to erupt so the competition is getting fierce. Only the strongest tokens can survive in this no-mercy arena. Here comes the dawn of a crypto era for those with balls of steel — the guys like Joe Rogan and Dana White — who’d proudly rally behind Trump’s team. With such true men of business on board, there is no place for old pussy meme coins, it’s time for real brutal coins. Fueled by the sports mentality, the $XYZ token has emerged as the ultimate contender ready to crush competitors and rocket to the moon on Elon Musk’s mission. $XYZ is on its way to the winner’s podium to become a badge of honor for those who live and breathe sports and crypto. $XYZ Already Delivers Even Before Hitting the Market The $XYZ presale is underway, providing access to the token at a special pre-listing price. Launch Price: $0.0001 Price Now: $0.001333 In just a couple of months, $XYZ already soared over 1330%! Next Stage: $0.002 (+66% jump incoming) Final Knockout Target: $0.1 From launch to the token generation event, $XYZ is targeting a mind-blowing 99,900% surge! If you’re not in, you’re out. The $XYZ presale is already smashing through stages with the speed of a champion’s knockout blow. Join $XYZ Presale Now and See Your Pennies Grow Into Millions! Bitcoin (BTC) Bitcoin (BTC) has been showing strong performance lately. In the past week, its price rose by 6.07%, indicating renewed investor interest. While there was a slight dip of 0.53% over the past month, the six-month gain stands at an impressive 70.69%. This long-term upward trend highlights Bitcoin’s resilience and growing adoption. The current price ranges between $93,442 and $101,009, nearing the nearest resistance level at $103,706. Breaking this resistance could lead to an additional increase of about 2.67%. The next target would be the second resistance at $111,273, which is approximately 10% higher than current prices. The 10-day simple moving average of $99,019.91 is above the 100-day average of $97,553.03, suggesting positive momentum. Technical indicators support a bullish outlook. The Relative Strength Index (RSI) is at 63.10, below the overbought threshold, indicating room for further growth. The MACD level stands at 358.91, reinforcing the upward trend. However, if the price faces downward pressure, the nearest support level at $88,572 could provide stability, representing a potential decrease of around 12% from current levels. Ethereum (ETH) Ethereum (ETH) has shown notable activity lately. Over the past week, its price rose by 8.70%, pointing to a short-term upward trend. Despite this, the past month saw a decrease of 9.03%, indicating some market volatility. Over six months, ETH’s price increased by 18.82%, reflecting strong growth in the longer term. Currently, ETH trades between $3399 and $3772. The nearest resistance level is at $3909. Surpassing this could lead to the next resistance at $4282, marking a potential rise of about 14% from the current price. On the other hand, the nearest support level sits at $3163. Falling to this point would mean a drop of approximately 7% from the current range. If the price dips further, the second support is at $2790. Technical indicators offer mixed signals. The Relative Strength Index (RSI) is 51.08, showing a neutral market stance. The Stochastic oscillator is at 39.34, slightly tilting toward oversold conditions. The MACD level of 7.89 suggests possible bullish momentum. The 10-day Simple Moving Average (SMA) is $3654.57, above the 100-day SMA of $3569.35, which may indicate a positive trend. Conclusion BTC and ETH remain strong, but XYZVerse shines as the first all-sport memecoin, uniting fans and targeting 20,000% growth in the 2025 bull run. You can find more information about XYZVerse (XYZ) here: Site , Telegram , X Continue Reading: Bitcoin and Ethereum Big Players Back This Memecoin for Its 100x Growth Promise in 2025
Cryptocurrency analytics firm Alphractal has flagged a potential concern for Bitcoin by pointing to a recent change in behavior among short-term wallets (STH). The firm stated in its statement that short-term investors who have held Bitcoin for less than 155 days are increasingly selling their BTC, and if this trend continues, it could affect the BTC price. Alphractal’s analysis focuses on the “Accumulation and STH Distribution” metric, which tracks the inflow and outflow of Bitcoin from addresses held by short-term investors. Daily changes in this metric indicate a growing interest among these investors to sell their Bitcoin. “When analyzing the monthly change, it is clear how the STH supply moves in waves of accumulation and distribution, which is strongly correlated with Bitcoin’s price action,” Alphractal said. The firm noted that interest in accumulating Bitcoin has been steadily decreasing since December 5, which has put downward pressure on the BTC price. Related News: After Binance's Announcement, the AI Altcoin Whales are Active - Here are the Altcoins They Bought and Sold While Alphractal cautioned against overreacting to the current trend, it did acknowledge the sentiment-driven nature of the metric. “This does not preclude Bitcoin from rallying again in the future, as we saw in 2021,” the statement said. However, the firm noted that current behavior suggests many investors are motivated to take profits at current price levels, which could hinder any short-term price appreciation. The trend of distribution among short-term holders could be cautious for Bitcoin’s near-term prospects, especially if it gains momentum. However, as Alphractal noted, the metric is not decisive and could shift back toward accumulation, especially if market conditions improve or longer-term bullish factors come into play. *This is not investment advice. Continue Reading: Is This Why Bitcoin Price Can’t Break a New Record? Analytics Company Explains the Cause of Price Pressure
Bitwise CEO and co-founder Hunter Horsley believes many more publicly traded companies will add Bitcoin ( BTC ) to their balance sheets in 2025. The head of the crypto asset manager Bitwise says on the social media platform X that investors may see a lot more companies adopting Bitcoin as a corporate strategy this year. “A major theme in 2025 is going to be the arrival of corporates: Bitcoin Standard Corporations. There are many private companies like Bitwise Investments that hold Bitcoin on the balance sheet as well. Exciting to see.” He also cites a report by crypto investor HODL15Capital that shows companies already holding Bitcoin are continuing to accumulate more BTC. He notes that the largest publicly-traded corporate holder of Bitcoin, MicroStrategy, could offer companies a roadmap on how they could accumulate the top digital asset. “11 publicly-traded companies bought more Bitcoin since [December 30th, 2024] according to HODL15Capital. 2025 is going to see a lot of corporations joining the Bitcoin standard. [MicroStrategy founder Michael] Saylor has written the playbook for a movement.” Source: HODL15Capital/X Horsley also believes 2025 may bring about an explosion of tokenized small businesses that are focused on the use of artificial intelligence (AI) agents. “I think AI may lead to an explosion of companies and tokenized companies. The theory: A single person can use AI to make a much more niche version of a software service. For example, mobile-only CRM (customer relationship management) for independent electricians that need to conform to California laws. This can better serve long-tail markets. This could lead to an explosion of new ‘micro’/niche companies, that maybe do $100,000-$1 million a year. The creator could tokenize the company and in doing so gain two benefits: (A) pull forward the earnings, (B) allow customers to become shareholders and advocates. AI could massively increase the number of niche businesses. These could never go public, but could tokenize. It could be a major new long-tail capital market.” Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post 2025 Will See the Emergence of ‘Bitcoin Standard Corporations,’ According to Bitwise CEO Hunter Horsley appeared first on The Daily Hodl .
Bitcoin has seen a significant drop, impacting altcoin markets severely. Elon Musk indicates no immediate plans for cryptocurrencies in X Payment services. Continue Reading: Elon Musk Signals Potential Future for Cryptocurrencies in Payment Services The post Elon Musk Signals Potential Future for Cryptocurrencies in Payment Services appeared first on COINTURK NEWS .
Bitcoin’s march back above $100,000 didn’t last long. The token slid the most in more than two weeks on Tuesday, joining a retreat in US stocks, as fresh economic data sent Treasury yields soaring.