The post Big News: SEC Plans to Cut 10 Regional Office Leaders as Part of DOGE-Driven Cost-Cutting Plan appeared first on Coinpedia Fintech News The U.S. Securities and Exchange Commission (SEC) plans to remove the top leaders at its 10 regional offices as part of a broader cost-cutting initiative. As reported by Reuters, according to sources familiar with the matter, the SEC informed directors across these offices on Friday that their positions will be eliminated as part of a plan set to be submitted next month. This move is part of a larger push for cost reductions under the Trump administration, which has been focused on purging federal agencies and cutting expenses. The SEC, which oversees the U.S. capital markets, is responding to pressure from President Donald Trump to reduce staff and expenses. SEC leaders have been asked to suggest major budget cuts. As part of cost-cutting, a new department DOGE, led by Elon Musk is involved, and Musk has demanded federal employees list their recent accomplishments or risk being fired. The decision to eliminate the regional directors, which requires approval from the three-person SEC commission, comes as the agency has already started scaling back its crypto enforcement efforts. The SEC has offices from San Francisco to Miami, where officials lead investigations into public companies, brokers, and investment advisers. These directors play a crucial role in enforcement and examination decisions, making their removal a significant change within the agency. The reorganization plan will be submitted by SEC leaders, including Acting Chairman Mark Uyeda, and is expected to focus on restructuring operations to improve efficiency. Reacting to the same, former SEC lawyer Marc Fagel said, “It’s almost like the head of DOGE, previously charged with securities fraud and currently the defendant in an ongoing SEC enforcement action, isn’t entirely free of conflicts in dismantling the SEC’s effectiveness.”
Recent Cardano news claims that ADA has lately shown remarkable market momentum, which has analysts predicting a possible price surge. Positive chart patterns and rising whale accumulation—indicating great investor trust in Cardano—fuel this hope. As altcoins start to rebound, Remitix (RTX), which is dubbed the “Next XRP” is gaining attention as a promising new PayFi project. For numerous reasons, smart investors have become interested in this new altcoin. Read on to learn more. Cardano News: Triangle Patterns and Key Levels Renowned analyst Ali Martinez notes a 3-hour candle pattern displaying an ADA rising triangle in a recent Cardano news. Should Cardano’s price stay below $0.74, the currency runs the danger of losing recent gains by sliding near $0.56. On the other hand, a strong break above $0.83 could propel ADA above a vital psychological limit following this Cardano news. This Cardano news emphasizes Cardano’s consolidation of user base in preparation for a larger push. Any significant movement most likely depends on whether major buyers intervene around important supports or whether more general crypto confidence raises ADA with other top cryptocurrencies. Given DeFi, NFT, and cross-chain adoption remain essential to Cardano’s road plan, market analysts believe a 24% increase would confirm ADA’s place in the altcoin competition. However, ADA may go under $0.74 before it can start a rally, if negative macro factors or new legislative obstacles show up. Investors should be alert regarding technical triggers and basic Cardano news, such as the forthcoming Cardano governance changes or on-chain developments. XRP Set To Surge After SEC’s Acknowledgment Of XRP ETF Following SEC’s acknowledgement of XRP ETF on Friday, February 14, the US XRP-spot ETF movement made notable progress. Starting the process of reviewing yet another XRP-spot ETF officially, the SEC approved the 19b-4 application from 21 Shares . This, along with the SEC’s acceptance of Grayscale’s application indicated a possible shift in XRP’s viewpoint by authorities, therefore generating a bullish XRP price prediction. Investors are waiting for SEC decisions on the same petitions from WisdomTree, Bitwise, and Canary Funds. Should the SEC retract its appeal and approve an XRP-spot ETF, XRP demand may rise sharply. After the July 2023 XRP sales ruling, Ripple has been more visible in the US, therefore increasing XRP’s profile. Moreover, a potential SWIFT interface could play a crucial role in determining the behavior of XRP in the market. An XRP spot ETF may attract institutional players looking for crypto with useful use. Posting his XRP price prediction on X, crypto specialist and multimedia producer ALLINCRYPTO predicts XRP to perhaps reach $10 in 2025. The latest SEC ETF acceptance drives his XRP price prediction. Experts Predict Huge Rally For Remittix (RTX) Through its flawless integration of cryptocurrency and conventional banking institutions, remittix is altering the worldwide payments scene. Remittix provides an unparalleled degree of efficiency since it lets users shift money straight from digital assets to fiat bank accounts globally, therefore greatly reducing transaction times and eliminating the need for middlemen. The inventive Remittix platform is positioned to take a big market share given the fast expanding crypto business expected to bring in $12.7 billion in income by 2030. Among other benefits, Remittix is among the top crypto investment prospects available this year since it provides unmatched transaction transparency and dependability. The RTX token gives investors an incredible starting point for a project aimed to change the $190 trillion worldwide payments sector at only $0.0671. Among the best cryptocurrencies to buy right now since RTX is projected to get considerably more valuable as the demand for Remittix keeps increasing. Remittix is not only addressing delayed cross-border payments but also demonstrating leadership in the quickly expanding global payment business by deftly including cryptocurrency into conventional banking systems. It’s among the top cryptocurrencies investments you could make right now thanks to its outstanding presale momentum, strong community support, and creative technology. Discover the future of PayFi with Remittix by checking out their presale here: Website : https://remittix.io/ Socials: https://linktr.ee/remittix
Investors pulled $508 million from digital asset investment products last week, pushing two-week outflows to $924 million. This reversal comes after an 18-week period of inflows totaling $29 billion. CoinShares attributed the decline to market caution following the US Presidential inauguration, with concerns over trade tariffs, inflation, and monetary policies unsettling investors. The period also witnessed a weakening trading activity, with turnover plunging from $22 billion to $13 billion over the past two weeks. Investors Flock to XRP According to the latest volume of CoinShares’ Digital Asset Fund Flows Weekly Report , Bitcoin experienced significant outflows of $571 million as it remained the main focus for investors. Meanwhile, some traders increased their bearish bets, as short-Bitcoin products attracted $2.8 million in inflows over the week. Interestingly, investor interest in altcoins remained strong, as seen with XRP, which topped the list with $38.3 million in inflows last week. Since mid-November 2025, XRP has drawn $819 million, driven by hopes of a positive resolution in the US Securities and Exchange (SEC) case. The US SEC has also seen a notable increase in spot XRP ETF applications recently. Several financial firms, including Canary Capital, WisdomTree, Bitwise, CoinShares, and 21Shares, have submitted filings over the past few weeks. The securities regulator has already acknowledged these applications amidst growing demand for XRP-based exchange-traded products within the investment community. Meanwhile, Solana followed suit with $8.9 million, while Ethereum and Sui raked in $3.7 million and $1.47 million, respectively. Multi-asset products saw $3.1 million in inflows, whereas Litecoin and Cardano ended the week with modest inflows of $1.1 million and $0.1 million. $560M Exits US Markets The United States dominated regional flows with significant outflows totaling $560 million. A similar trend was seen across Hong Kong and Brazil as each recorded outflows of around $3 million. During the same period, Canada experienced a slight withdrawal of funds amounting to $2 million over the period. Europe, on the other hand, exhibited stronger investor confidence, as evidenced by steady inflows. For instance, Germany and Switzerland received $30.5 million and $15.8 million, respectively. Both Sweden and Australia attracted close to $5 million in inflows. The post XRP Leads Altcoin Inflows with $38.3M Amid Surging Investor Interest: CoinShares appeared first on CryptoPotato .
The recent Pectra upgrade on Ethereum’s Holesky testnet represents a significant milestone in the network’s evolution, aimed at enhancing scalability and security. The activation, which occurred at epoch 115,968, is
On-chain data shows a Bitcoin indicator is currently retesting a level that has historically acted as a boundary line between bearish and bullish momentum. Bitcoin Short-Term Holder SOPR Is Retesting 1.0 Right Now In a new post on X, the on-chain analytics firm Glassnode has discussed about the latest trend in the BTC Spent Output Profit Ratio (SOPR) of the short-term holders. Related Reading: $200 Million In Crypto Longs Wiped Out As Altcoins Crash To Start Week The “SOPR” here refers to an on-chain indicator that tells us about whether the Bitcoin investors as a whole are selling or transferring their coins at a profit or loss. When the value of this metric is greater than 1, it means the average holder of the asset is selling at a net profit. On the other hand, it being under this threshold suggests the overall market is realizing a net loss. Naturally, the SOPR being exactly equal to the 1 level implies the profits being realized by the investors are canceling out the losses, so the average holder can be assumed to be just breaking-even on their transactions. In the context of the current topic, the SOPR of only a specific investor group is of interest: the short-term holders (STHs). The STHs include the Bitcoin investors who purchased their tokens within the past 155 days. Now, here is the chart shared by the analytics firm that shows the trend in the 7-day moving average (MA) of the Bitcoin STH SOPR over the last few months: As is visible in the above graph, the Bitcoin STH SOPR fell under the 1 mark earlier in the year, implying the STHs took to loss-taking as the price of the cryptocurrency moved in a bearish trajectory. Recently, though, the metric has been making recovery and it’s now back at the break-even level. “Historically, breaking above 1.0 confirms a shift in momentum, while failure to do so often leads to renewed sell pressure,” explains Glassnode. Breaking above the level, however, is no simple task, for it serves as a major psychological level for the STHs. These investors are by definition the entities who are either new to the market or just not resolute enough to hold for long periods, so they can be prone to panic selloffs. When the STH SOPR rises to the 1 mark, it means these investors, who were forced into loss selling earlier, are able to break-even again. Selling pressure can spike when this happens, as STHs rush to get their money ‘back.’ Related Reading: Is It Time To Buy XRP? TD Sequential Says Yes The last time that Bitcoin saw the indicator make a retest of this level was back in January. From the chart, it’s apparent that it successfully found a breakout then, although it was only short-lived. It now remains to be seen whether the metric can surge into the profit zone this time as well or not. BTC Price Bitcoin has been slipping down during the past few days as its price has come down to the $94,500 level. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
The launch of the $1 billion bitcoin treasury by Rezolve Ai starting with an initial $100 million investment, aims to support its AI-powered crypto payment platform in collaboration with Tether. The initiative aims to accelerate the mainstream adoption of bitcoin and digital payments in retail commerce. Rezolve Ai Bets Big on Bitcoin With Billion Dollar
XRP price started a fresh decline below the $2.550 and $2.50 support levels. The price is now testing $2.250 and might continue to move down. XRP price started a fresh decline below the $2.50 level. The price is now trading below $2.50 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2.4880 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might continue to move down unless there is a close above the $2.50 resistance zone. XRP Price Dips Below Support XRP price failed to continue higher above the $2.75 resistance zone and started a fresh decline, like Bitcoin and Ethereum . There was a move below the $2.65 and $2.55 support levels. The price even dipped below the $2.50 support to enter a bearish zone. A low was formed at $2.2310 and the price is now attempting to recover toward the 23.6% Fib retracement level of the downward wave from the $2.7450 swing high to the $2.2310 low. The price is now trading below $2.50 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.3250 level. The first major resistance is near the $2.40 level. The next resistance is $2.4880 or the 50% Fib retracement level of the downward wave from the $2.7450 swing high to the $2.2310 low. There is also a key bearish trend line forming with resistance at $2.4880 on the hourly chart of the XRP/USD pair. A clear move above the $2.4880 resistance might send the price toward the $2.550 resistance. Any more gains might send the price toward the $2.620 resistance or even $2.650 in the near term. The next major hurdle for the bulls might be $2.750. More Losses? If XRP fails to clear the $2.3250 resistance zone, it could start another decline. Initial support on the downside is near the $2.250 level. The next major support is near the $2.220 level. If there is a downside break and a close below the $2.220 level, the price might continue to decline toward the $2.120 support. The next major support sits near the $2.050 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.220 and $2.120. Major Resistance Levels – $2.40 and $2.4880.
The post Crypto News: US Law Enforcement Recovers $31 Million from 2021 Uranium Finance Hack appeared first on Coinpedia Fintech News US authorities have seized approximately $31 million in cryptocurrency linked to the 2021 hack of Uranium Finance, a decentralized finance (DeFi) platform. The seizure, announced on Monday by the Southern District of New York (SDNY), follows a joint operation with Homeland Security Investigations (HSI) in San Diego. In April 2021, a hacker exploited a vulnerability in Uranium Finance’s automated market maker (AMM) on the Binance Smart Chain, stealing around $50 million in various tokens. The incident was one of the largest hacks in DeFi history. Following the hack, the attacker tried to launder the stolen funds using methods such as crypto mixing services and small deposits on centralized exchanges. In an unexpected turn, blockchain researcher Zack XBT even suggested that the hacker may have used some of the stolen funds to purchase rare Magic: The Gathering trading cards. SDNY and @HSISanDiego seize cryptocurrency worth approximately $31 million related to April 2021 hack of Uranium Finance. If you believe you have been a victim of this hack, please contact UraniumVictims@hsi.dhs.gov. — US Attorney SDNY (@SDNYnews) February 24, 2025 The hack ultimately led to the shutdown of Uranium Finance, leaving victims without restitution. However, the recent seizure of the $31 million offers a potential recovery for those affected, nearly four years after the attack. While further details on the investigation have not been provided, this marks a major development in the case.
The Ethereum network faces challenges as its anticipated Pectra upgrade encounters finality issues on the Holesky testnet, raising concerns for the blockchain’s future. This unexpected setback highlights the critical role
Developers say the bug was isolated to execution clients, highlighting Ethereum's testnet role in catching issues before mainnet launch.