Ripple Vs SEC Lawsuit: On the fourth anniversary of US Securities and Exchange Commission v. Ripple Labs Inc (SEC v. Ripple), Chief Legal Officer (CLO) Stuart Alderoty has publicly called for its end. He called for the incoming Donald Trump administration to address damages done by former SEC official William “Bill” Hinman , including regulatory statements that confused the crypto industry. Ripple CLO Stuart Alderoty Calls for End of SEC “Lawless Lawsuit” Stuart Alderoty took to X on the fourth anniversary of Ripple vs SEC lawsuit. He called for the end of the “lawless lawsuit” by the US SEC against Ripple, CEO Brad Garlinghouse and co-founder Chris Larsen . On behalf of Ripple and its executives, Alderoty urged the incoming Donald Trump administration to “cleanse the lingering stain of Hinman from the agency.” It’s important to note that William “Bill” Hinman’s regulatory statements left a significant impact on the crypto industry. Hinman emails and speech have both clarified and confused the status of crypto. This has caused conflicts of interest, especially Ripple vs SEC lawsuit. “On this 4th anniversary of the SEC’s lawless lawsuit against Ripple, Brad, & Chris, we urge the incoming administration to cleanse the lingering stain of Hinman from the agency.” In addition, Ripple CLO Stuart Alderoty said the Trump administration has much to do to repair the damage. However, the SEC under incoming crypto-friendly Chair Paul Atkins needs to start with restoring trust. US judges said the SEC acted ‘arbitrarily and capriciously’ as it lost faithful allegiance to the law. The agency faced criticism due to its overregulation and enforcement approach. What’s Next in XRP-related Lawsuits In the Ripple vs SEC lawsuit, the agency must file its opening brief by January 15 deadline. This comes just five days before Chair Gary Gensler to step down as SEC Chair. The agency has appealed XRP distribution and sales by Ripple and executives Garlinghouse and Larsen in the 2nd Circuit Court. Meanwhile, the crypto community is confident that crypto lawsuits will be dismissed or withdrawn under the Trump administration. Besides, the class action lawsuit against Ripple , XRP II and CEO Garlinghouse is almost over as the district court ruled in favor of the defendants. Also, lead plaintiffs agreed to expedite final judgment in the lawsuit, along with a proposed order agreeing that there is no reason to delay judgment. As CoinGape reported, the 9th Circuit Court announced further dates for the XRP lawsuit. The opening brief will be filed on March 6 next year, whereas and Ripple Labs, XRP II and CEO Brad Garlinghouse will file their reply to the appellant’s principal brief by April 7, 2025. The post Ripple Vs SEC: Ripple CLO Stuart Alderoty Pleas To End And “Restore Trust” appeared first on CoinGape .
HyperLiquid, a layer-1 blockchain and decentralized exchange for perpetual futures (perps), has experienced a notable outflow of the USDC stablecoin amid speculation North Korean hackers are interacting with the platform, according to a post on X by pseudonymous observer Tay, known for tracking threats posed by to crypto protocols by the country. A record $60 million of USDC fled the exchange by 10:00 UTC Monday, according to Hashed Official's Dune-based tracker . USDC, the world's second-largest dollar-pegged stablecoin, is used as collateral on HyperLiquid. The deposit bridge still holds $2.2 billion in USDC. Addresses associated with hackers from the Democratic People's Republic of Korea (DPRK) have accrued losses exceeding $700,000 while trading on HyperLiquid, Tay said. The transactions indicate the hackers are potentially familiarizing themselves with the platform's inner workings to launch a malicious attack. "DPRK doesn't trade. DPRK tests," Tay said . CoinDesk contacted HyperLiquid on X for comments on the USDC outflows and potential threat from North Korea. Tay said they reached out to the platform two weeks ago, offering help in countering a potential threat. "I really want to emphasize that these are the most sophisticated and rapidly evolving of all of the DPRK threat groups. They are very creative and persistent. They also get their hands on 0days (such as the one Chrome patched today," Tay's message to the platform said. HyperLiquid is the leading on-chain perpetuals exchange, commanding over 50% of the total on-chain perpetuals trading volume, which tallied $8.6 billion in the past 24 hours. The platform debuted its token HYPE on Nov. 29. Since then, it hassurged over 600% to $28.6, briefly topping $10 billion in market capitalization. As of writing, HYPE was the 22nd largest digital asset in the world, according to Coingecko .
In a recent development, Gate.io has officially introduced HIVE perpetual contract trading with USDT settlements, effective December 23, 2024 (UTC+8). This innovative addition allows traders to utilize a robust leverage
Robert Kiyosaki, author of best-seller 'Rich Dad Poor Dad,' sounds Bitcoin alarm amid global crash
The year 2024, which began with the banging launch of the US Bitcoin spot exchange rraded funds (ETFs), is ending with the hopes that more crypto-linked investment products will soon enter the market. Bloomberg’s Eric Balchunas even agreed with the ETF Store’s president on the surprising absence of filings for a Dogecoin ETF. The crypto industry has registered rapid gains since the historic launch of BTC ETFs in January 2024. Bitcoin recorded a surge of over 125% on a year-to-date (YTD) basis and has knocked off the much anticipated $100K barrier. However, it is expected that the introduction of popular altcoins linked ETFs will push the cumulative crypto market cap to thrash the $4 trillion mark. Experts seek DOGE ETF soon Nate Geraci, President of the ETF Store, in a post stated that it is a shock that no ETF issuer has filed for a Dogecoin ETF yet. He asked what could be the downside and mentioned that the worst case would be its marketing expense. Meanwhile, he wonders which issuer is sitting on the ‘DOGE’ ticker. Senior ETF Analyst Balchunas agreed with Geraci and suggested that he was initially expecting them before Christmas. He now believes they might come after Paul Atkins becomes SEC chair under the Trump administration. He even speculates on potential ETF issuers: “If I’m Vegas, my favorite on the reserve of $DOGE ticker is Venuto. That said, Tuttle is my favorite to file.” Despite being the biggest meme coin in the crypto space and massive support from Elon Musk, no such investment fund manager has filed for a spot DOGE ETF with the commission. Balchunas now predicts filings after the new administration takes office. Agree. Thought by Xmas we’d see someone file. Maybe waiting til Atkins/Trump officially in charge. If I’m Vegas my favorite on reserver of $DOGE ticker is Venuto. That said Tuttle is my fav to file for the ETF. — Eric Balchunas (@EricBalchunas) December 23, 2024 With spot altcoin ETFs for Solana (SOL), Ripple’s XRP, and Litecoin (LTC) already in the works, it feels like DOGE’s turn is just a matter of time. The pro-crypto stance of incoming leadership is also a signal for a better environment around crypto ETFs. Dogecoin price action saw a minor downturn recently. DOGE is down by 21% in the last 7 days but it is still up by a huge 253% on YTD. The biggest meme crypto is trading at an average price of $0.316, at press time. It is trading down by 56% from its all time high of $0.737, recorded on May 08, 2021. Elon Musk’s D.O.G.E reforms The industry knows that Dogecoin is the favorite meme crypto of the richest person on Earth “Elon Musk.” He is now leading the charge for government reform as part of President-elect Trump’s new Department of Government Efficiency (D.O.G.E.). This move has boosted DOGE’s price eventually. Musk is aiming for a $2 trillion budget cut and sweeping agency reforms. He is proposing a return-to-office mandate for federal workers, banking on mass resignations. He even advocated for cuts to entire agencies and targeted agency leaders like FTC Chair Lina Khan for dismissal. These moves echo his X (formerly Twitter) acquisition playbook. Musk has openly criticized federal employees and agencies. He singled out Alexis Pelosi, a senior climate adviser, suggesting her dismissal and even took aim at the SEC, labeling the government as “more broken than you could possibly imagine.” Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap
XRP Price has recorded significant transaction activity on Binance despite ongoing market corrections. The broader crypto market faces a downturn, with most tokens trading in the red, including Ripple. Bitcoin hovers below $96K, reflecting current bearish trends. crypto expert, however, anticipate a potential XRP price surge to the $4, If bullish sentiment return despite prevailing challenges. Will XRP Price Hit $4 As Per Crypto Analyst? A Crypto analyst highlights a potential bullish outlook for XRP price, predicting a continuation after its recent corrective phase. The current Ripple price stands at $2.18, with an identified rebuy zone set at $1.9280, signaling an optimal entry point. Expert anticipate the next resistance level and target at $4, suggesting potential upside. The crypto analyst chart illustrates a potential bounce at the $1.92 level that is a crucial area for buyers. This support level may act as the key level in the price trend with upward pressure expected to push the token to the next level. The current market shifts may well become the basis for a further advance. Source: X The cryptocurrency market remains under pressure, with Bitcoin (BTC) slipping below $95,000 as christmas approaches. The Major best altcoins followed the downward trend, with Ripple declining and Ethereum (ETH) struggling to hold above the $3,400 support level. The continued downward momentum signals uncertainty in the market as investors brace for potential year-end volatility in the crypto space. Surge in XRP Deposits on Binance Sparks Price Rally A recent spike in XRP exchange deposits on Binance has been observed, correlating with a significant price increase. According to CryptoQuant The Ripple soared to $2.20 in DEC 2024. The influx of deposits marked one of the highest transaction counts in 2 years, exceeding 2 million transactions during the spike. This movement suggests heightened trading activity and potential profit-taking by holders. Analysts believe the surge may indicate growing investor confidence in XRP. The event reflects crypto market trends where increased exchange inflows often precede significant price movements. Source: CryptoQuant If bullish presure sees a comeback, the XRP price forecast could soar above the $2.2 resistance level in the coming days, potentially reaching $4. Despite ongoing market uncertainty, Ripple remains resilient, supported by record transactions on Binance. Investors await a potential rebound at key support levels, fueling optimism. XRP’s strong activity signals potential for a significant rally amid challenging conditions in the crypto market. The post XRP Price Eyes $4 With Record Transactions on Binance appeared first on CoinGape .
Binance Alpha has currently removed the duplicated MGP token from the fifth batch of projects. Previously announced by Binance Alpha, the fifth batch of projects included MGP, ZEREBRO, COOKIE, WHALES,
The post Ethereum’s Dominance Struggles: Will 2025 Bring a Turnaround? appeared first on Coinpedia Fintech News At the start of this year, the dominance of Ethereum was around 16.96%. In late February, it touched an yearly peak of 19.28%. In mid-May, it plummeted to a low of 15.42%. Just before the launch of Ethereum spot ETFs, it rebounded to a peak of 18.8% in mid-June. However, since the launch, the ETH dominance has steadily dropped by around 5.42%. The big question now is: Can the year 2025 bring a turnaround? Bitcoin Dominance Overshadows Ethereum and Altcoins Since the start of this year, the Bitcoin market has climbed by over 115.76%. At the beginning of this year, the dominance of Bitcoin was around 51.58%. Right now, it stands at 58.71%, though between November 20 and December 7, the BTC dominance declined from a yearly peak of 61.19% to a low of 55.11%. Although between November 21 and December 6, the Ethereum dominance jumped sharply from 12.11% to 13.5%, since December 7, it has steeply slipped by at least 1.09%. Notably, the YTD growth of the Altcoin market currently stands at 65.18%, particularly Ethereum at 40.96%. This indicates that BTC has outperformed both Altcoins and Ethereum this year. Decline in Ethereum’s Dominance Despite ETF Inflows Reports indicate that Ethereum’s dominance continues to drop since the launch of Ethereum ETFs in mid-2024. Reports add that though billions of dollars flowed into the ETFs, it made very little impact on the price of Ethereum. No Current Catalyst to Support Ethereum Reports suggest that traders have largely lost confidence in the potential of Ethereum to make great upward moves. Reports add that right now there are no strong factors promising a rebound in the ETH price. 2025: A Year of Hope for Ethereum Bulls? Experts advice Ethereum bulls to remain patient until a strong narrative in favour of the crypto emerges in the coming year. They predict that market sentiment could turn in favour of ETH in 2025. In conclusion, while Etheruem faces challenges, 2025 offers hope for a strong revival.
Cryptocurrency exchange's mining platform Binance Pool has announced the launch of merged mining support for Junkcoin (JKC) and Pepecoin (PEP). Binance Pool Introduces Merged Mining for Junkcoin and Pepecoin This new feature allows miners to mine Litecoin (LTC) while also earning rewards in multiple cryptocurrencies, including LTC, Dogecoin (DOGE), Bellscoin (BELLS), Luckycoin (LKY), Junkcoin (JKC), and Pepecoin (PEP). Merged mining, also known as auxiliary proof of work (AuxPoW), allows miners to process transactions for multiple blockchains with a single computational effort. This increases efficiency and provides the opportunity to maximize earnings by mining additional coins alongside primary coins like Litecoin. By adding Junkcoin and Pepecoin to its merged mining program, Binance Pool continues to diversify its offerings by appealing to miners looking for alternative coins and higher potential rewards. The addition of JKC and PEP reflects Binance Pool’s efforts to support emerging cryptocurrencies and encourage participation in the mining ecosystem. This move is expected to support the growth of smaller blockchain networks while attracting miners looking to leverage their resources for greater profitability. Miners can join Binance Pool to take advantage of this new feature by configuring their mining setup to enable merged mining. Additional details and configuration instructions are available on the Binance Pool platform. As merged mining continues to gain traction, Binance Pool’s inclusion of Junkcoin and Pepecoin positions it as a versatile platform for both established and emerging cryptocurrencies. *This is not investment advice. Continue Reading: Bitcoin Exchange Binance Launches Combined Mining Support for Two Altcoins! Here Are Those Altcoins
Billy Markus, known as Shibetoshi Nakamoto, recently sparked a lively discussion in the crypto community with an ironic tweet about wealth. His playful remarks shed light on the broader sentiments