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Ripple up in arms against the SEC


A short while back, the SEC came out with a backed alternate report that stated that it stands by its position of believing that Ripple will repeat its misdemeanor, though the company has caused no trouble following the lawsuit against it in 2020. However, Ripple CLO accuses the SEC of being...

Grayscale Withdraws Ethereum ETF Proposal Amid Skepticism Over SEC Approval


Grayscale has retracted its application to list its ethereum trust, known as ETHE, as detailed in a filing with the U.S. Securities and Exchange Commission. James Seyffart, a Bloomberg analyst specializing in exchange-traded funds (ETF), expressed puzzlement over Grayscale’s decision to...

Dogecoin could lead the meme coin bull run, analyst suggests


On May 7, the price of Dogecoin stood at 0.15 USD and increased by 19.51% over the last 7 days. Crypto analysts suggest a promising potential for a meme-coin rally in May, not just for DOGE but other meme-tokens as well. The prevailing discussion regarding the established memecoin revolves around...

Proposal for Ethereum Grayscale Ethereum ETF is No More


Application for Grayscale Ethereum Futures Trust FTF was withdrawn on 3rd May 2024. The Securities and Exchange Commission had delayed decisions on spot Ethereum Exchange Traded Funds over the past months. A document filed recently indicates that a proposal for listing and trading shares...

Solana DePIN Ambient gears up with new funding and acquisition


Solana DePIN Ambient, a pioneering decentralized ambient intelligence platform, has successfully raised funds in a pre-token launch fundraising round. This significant milestone comes as the platform prepares for its official token launch and underscores investor confidence in Solana DePIN...

FTX plan promises 118% cash payout to nearly all creditors


FTX, the collapsed virtual currency exchange platform, promises to repay 98% of its creditors, with the amount owed improved by 118% within two months after getting the nod from the court. During the meeting on Tuesday, a revised plan was presented, which raises the prospects of financial recovery...

Mixed Fortunes for US Bitcoin Funds as GBTC Losses Offset Other Gains


Following two days of positive inflows, U.S. spot bitcoin exchange-traded funds (ETFs) experienced a decline, with $15.7 million exiting on Tuesday. Grayscale’s Bitcoin Trust (GBTC) saw $29 million leave during the day’s trading sessions, overshadowing the break-even and positive...

Cardano notices fluctuations in the last 4 days: $0.48 peak, 10% drop


Sentiments are largely negative within the Cardano ecosystem, with selling emotions overriding the need for accumulation. ADA was last seen exchanging hands at $0.441, which is lower than the peak of $0.48, true as of May 4, 2024. The support level has now been set at $0.44. Cardano has shed a...

Robinhood favored to prevail in potential crypto court case against SEC


Analysts at Keefe, Bruyette & Woods (KBW) have weighed in on the potential legal battle between Robinhood and the U.S. Securities and Exchange Commission (SEC), expressing confidence that the popular trading platform would likely emerge victorious in any crypto-related court case. This...

Most FTX Creditors to Receive Over 100% Repayment, Court Document Shows


FTX is poised to repay nearly all its account holders fully, according to a reorganization plan presented in court. The bankrupt cryptocurrency exchange has raised about $15 billion mainly by selling investments from itself and its affiliate, Alameda Research. This fund will ensure payments of...

XRP poised for breakout: Analysts eye $1.68 mid-term target


XRP is estimated to touch $1.68 in mid-term, or maximum, by the end of this year, 2024. That would set the stage to retest the previous peak of $1.96, which occurred in April 2021. This comes as the cryptocurrency attempts to navigate its way out of the ongoing symmetrical triangle formation....

These 3 AI-based altcoins to outpace Bitcoin & Ethereum in 2024


Innovation is the middle name of the crypto market, and 2024 has certainly proven it. The year has been filled with unique projects, especially AI-based altcoins. Names like Fetch.ai, SingularityNET, Render, etc., are ruling the crypto industry. These AI-based altcoins are outperforming BTC,...

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