New York Attorney General Letitia James has issued a stern warning to cryptocurrency companies, emphasizing the importance of compliance with regulations. This comes in the wake of a record-breaking $2 billion settlement with the bankrupt platform Genesis Global Capital. This settlement, the largest ever against a crypto company in New York, resulted from a lawsuit … Read more
With U.S. financial markets on pause for Memorial Day, the crypto markets have had a relatively calm start to the week, except for one standout: Chainlink (LINK). As the 14th largest cryptocurrency by market cap, LINK has surged over 10% in the past day, now trading at $18.75, according to CoinGecko data. Chainlink’s native token, … Read more
Cryptocurrency analyst and trader Edrag Crypto has delivered an optimistic outlook for XRP, suggesting that the digital asset may be on the brink of a substantial bullish run amid favorable market conditions. Drawing from a combination of positive market indicators and trends, Edrag Crypto’s analysis highlights the potential for XRP to experience significant price surges, … Read more
Arthur Cheong, the founder and CEO of DeFiance Capital, predicts that Ether’s price could surge to $4,500 before the first spot Ether exchange-traded funds (ETFs) receive official approval. On May 26, Cheong shared this forecast with his 167,000 followers on X, stating: “4.5k before spot ETF goes live for trading [in my opinion].” At the … Read more
Aptos, a layer-1 blockchain platform created by former Facebook employees, recently set a new benchmark in blockchain transactions. On May 25, Aptos recorded an impressive 115.4 million transactions in a single day, significantly outpacing Solana’s 31.7 million, as reported by Aptoscan. This surge in transaction volume not only broke previous records but also exceeded the … Read more
The Open Network (TON) has achieved a significant milestone by attracting one million users within just 24 hours. This milestone coincided with a token generation event for Notcoin (NOT), one of the rapidly growing crypto projects in the industry. Data from DeFiLlama reveals that the total value locked (TVL) for the TON blockchain hit a … Read more
The recent approval of spot Ether exchange-traded funds (ETFs) by the SEC on May 23 didn’t extend Ether’s recent rally, which saw a roughly 25% increase last week. However, it’s noteworthy that the regulatory green light didn’t prompt a sell-off either, suggesting that bullish sentiment for ETH hasn’t waned significantly. Traders appear to be adopting … Read more
James Murphy, the founder and chairman of Murphy & McGonigle, shared his expert analysis on how President Biden’s recent crypto policy adjustments could impact the ongoing legal battle between Ripple Labs and the SEC. Murphy, also known as “MetaLawMan,” highlighted the potential for new leadership at the SEC to alter its strict stance on crypto … Read more
Former US President Donald Trump has thrown his support behind cryptocurrencies, expressing enthusiasm for “all things related to this new and burgeoning industry.” During his address at the Libertarian National Convention on Sunday, Trump reaffirmed his positive stance towards cryptocurrency companies, emphasizing his openness to the sector. In a post on Truth Social, Trump contrasted … Read more
A prominent figure in the cryptocurrency community suggests that the markets have yet to fully absorb the impact of Bitcoin’s recent halving, which halved the rewards for BTC miners. In a recent video update to his 77,000 YouTube followers, the pseudonymous trader Rekt Capital highlights Bitcoin’s historical tendency to initiate a parabolic surge following a … Read more