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The cryptocurrency market witnessed a surge over the last few days. Bitcoin (BTC) briefly breached the $94,000 mark. The asset has since dipped to the $92,000 level. The global crypto market cap has fallen 3.7% in the last 24 hours to $2.98 trillion. VeChain (VET) also experienced a price surge amid BTC’s rise to $94k. VET’s price has dipped 3.6% in the daily charts, 3.5% over the previous month, and 40.7% since April 2024. The asset has rallied 10.7% over the last week and 15.1% in the 14-day charts. Also Read: Jio Financial Shares Expected To Reach 300 For Sure: Analyst Source: CoinGecko Cryptocurrencies Surge Amid Trump’s Memecoin Dinner Source: Salon.com VET’s rally could be due to several bullish developments. The rally is most likely due to BTC breaching the $94,000 mark. BTC’s surge could be due to BlackRock purchasing more than $800 million worth of the asset over three days. President Trump plans to host a dinner for the top holders of his Official...

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Despite much bullish speculation, the legal battle between the Securities and Exchange Commission (SEC) and Ripple Labs remains, at press time, much like the Korean War: a frozen conflict. Indeed, both the weeks ahead of the Trump inauguration and more recently, many traders, experts, and analysts have been predicting that the watchdog would be quick to drop the most discussed lawsuit in the cryptocurrency industry.  The latest credible rumours, shared by the prominent Fox Business journalist Eleanor Terrett, indicate that the fight that started in 2020 ‘is in the process of wrapping up and could be over soon.’ Allegedly, the delay comes from protracted negotiations to alter the previous $125 fine imposed on Ripple. Picks for you Expert sets date when Bitcoin will hit $150,000 as BTC 'shows first signs of life' ...

The last several weeks have been up and down for the cryptocurrency market. Although prices have struggled to regain their late 2024 levels, industry regulation has promised a brighter day ahead for the industry. One asset that may benefit the most is Ripple, as it may outperform Bitcoin with an impending XRP ETF likely to bring massive inflows. Throughout the last several weeks, Bitcoin has struggled. The leading cryptocurrency by market cap fell below the $90,000 mark Friday despite the recent executive order from US President Trump to establish a BTC reserve. Although it is expected to turn around, there is a chance that XRP could outperform it. Source: Reddit Also Read: XRP’s Surge to $4.3 Is Inevitable, Here’s Why Ripple May Outperform Bitcoin as an XRP ETF Approval Gets Closer Entering 2025, there were few cryptocurrencies that had the kind of potential Ripple had. With the Trump administration set to rewrite the book on crypto policy, its continued persistence over an aggressive...

Cardano has managed to outshine a large percentage of the digital asset market this week amid news that the crypto asset management firm Grayscale wants to create a spot ADA exchange-traded fund (ETF) for the smart contract platform. The ETF and securities exchange NYSE Arca, a subsidiary of the New York Stock Exchange, submitted a filing with the U.S. Securities and Exchange Commission (SEC) on Monday to propose listing the Grayscale Cardano Trust, which, if approved, would be the first-ever ADA ETF. ADA is trading at $0.804 at time of writing. The 9th-ranked crypto asset by market cap is up nearly 2% in the past day and more than 12% in the past week. By comparison, the overall crypto market cap is down nearly 3% in the past 24 hours and up less than 2% in the past seven days. The SEC greenlit the first spot market Bitcoin (BTC) ETFs in January 2024, bringing in billions of dollars worth of inflows to the top digital asset by market cap. The regulator subsequen...

Over the past couple of years, regulations have emerged as an essential part of the cryptocurrency ecosystem. While some of them are pertinent to the market, a few others have undoubtedly curbed its growth. The Securities and Exchange Commission (SEC) of the United States and its now-former Chair Gary Gensler are popular names in the industry. But for all the wrong reasons. Ripple’s XRP has been one of the most impacted assets under Gensler’s reign. This article dives into an investment opportunity and its result over the last couple of months. Also Read: Dogecoin: DOGE Primed For A Mega Rally To $0.40 And Beyond, Here’s How Gary Gensler’s Exit Source: The Banker The past couple of months have been extremely significant for the cryptocurrency market. With Donald Trump getting elected as the President of the United States, the cryptocurrency industry breathed a sigh of relief. The XRP community, in particular, was ecstatic. Gensler was appointed under Joe Biden to take ...

Although the last week has been a struggle for a host of cryptocurrencies, the potential is undeniable. The asset class has been growing in relevance throughout the year, with many anticipating a turnaround. One of the highest potential assets remains Ripple, as there are two key reasons why XRP can emerge as the best-performing crypto of 2025. Token ended 2024 on a tear. During the final two months of the year, the asset increased an unprecedented 300%. the moment say the cryptocurrency reenters the mainstream discussion and creates lofty expectations for the asst in 2025. The question is, can it meet those and be one of the best digital assets over the next twelve months? Source: Bitget Also Read: Ripple & Chainlink Partner to Further RLUSD Stablecoin Adoption Two Reasons Ripple (XRP) Can Echo 300% Jump in 2025 In recent years, Ripple has struggled to create any notable momentum. The firm behind the XRP token had been the subject of a years-long legal battle with the US Securitie...

Bitcoin may be on its way to a $130,000 valuation by this March, according to analysts from Standard Chartered Bank. According to the bank’s analysts, institutional inflows accelerate and market sentiment shifts could trigger a breakout for the leading cryptocurrency. Standard Chartered analyst Geoffrey Kendrick paints a bullish picture for BTC in the coming weeks. The Standard Chartered head of digital assets research sees bitcoin gaining further momentum down the road a recent leveraged position reset and ongoing developments such as Trump’s crypto-related executive order. Looking ahead, Kendrick cites the Fed’s decision to leave interest rates unchanged as a positive sign for BTC. While macroeconomic risks still remain, Kendrick noted that the Fed’s stance reduces immediate uncertainty. The Standard Chartered analyst expects bitcoin to test the previous cycle’s all-time high of $109,000 in the coming weeks. “Above that I expect bitcoin to increase to a $112,000 to ...

Gemini says it will not be hiring any graduates from the Massachusetts Institute of Technology (MIT) unless the university drops former US Securities and Exchange Commission (SEC) Chair Gary Gensler from his recently-appointed teaching role. “As long as MIT has any association with Gary Gensler, Gemini will not hire any graduates from this school,” said Tyler Winklevoss, a co-founder of Gemini and the company’s CEO, in a post on X today.  Crypto Community Divided Over The Approach Taken By Gemini Gemini’s feud with the SEC goes back to around March 2024, when the exchange was ordered to pay $21 million in fines in order to settle claims made by the financial regulator. In the lawsuit, the SEC said that Gemini sold unregistered securities through its Earn program in partnership with Genesis, a crypto firm that has since gone bankrupt. This enforcement action was carried out when Gensler was the Chair of the SEC. He stepped down on Jan. 20. Industry l...

Bitcoin (BTC), the top cryptocurrency on the market by market capitalization, has officially crossed the $100,000 price target. The king coin has boomed to the biggest levels it has ever seen in record time, surging over 37% in the past month. Since the outcome of the US election, Bitcoin’s fallout has been upwards, with bulls grabbing hold of BTC and pushing it to new highs. Also Read: Litecoin Hits $130 After 3 Years: What Will LTC Be Worth in 4 Years? Source: Coingecko Bitcoin received a boost over the last two days after announcements made by the Securities and Exchange Commission (SEC). The regulator’s chairman, Gary Gensler, and commissioner, Jaime Lizárraga both announced they will be stepping down in January. The decisions were music to the ears of crypto enthusiasts, as the SEC has been the community’s biggest enemy due to its harsh regulation of crypto. With Gensler and Lizárraga serving as the two most anti-crypto members of the SEC board, the regulator...

US Securities and Exchange Commission (SEC) director of enforcement Gurbir Grewal will step down on Oct. 11 after 3-years of leading the regulator in its aggressive policing of the crypto space. Deputy director of the SEC’s enforcement division, Sanjay Wadhwa, will serve as acting director until the agency selects a permanent replacement for Grewal, according to an Oct. 2 press release . Gurbir Grewal Recommended Over 100 Enforcement Actions Against Crypto Firms The SEC praised Grewal for his hard work during his time as the regulator’s chief enforcer, and said that it has been “incredibly fortunate that such an accomplished public servant” has led the SEC’s enforcement division in the last few years. According to the press release, Grewal recommended over 100 enforcement actions addressing the large-scale “noncompliance in the quickly growing crypto space.”  However, Grewal’s enforcement was not aimed at just the nascent crypt...

US SEC Chair Gensler reaffirms Bitcoin (BTC) is not a security under current regulations. SEC plans new regulations for DeFi and trading systems to protect investors. Crypto firms, including Coinbase, push back against expanding regulatory scope. In recent statements, SEC Chairman Gary Gensler has firmly reiterated that Bitcoin is classified as a non-security under existing SEC regulations. His comments came during an interview on CNBC’s “Squawk Box.” Gensler emphasized the importance of regulatory clarity, insisting that while many firms have benefitted from the public’s growing interest in cryptocurrencies, they often resist the regulations designed to ensure market integrity. In the interview, Gensler noted that the SEC’s role is to foster trust in the market, stating, “Innovations do not develop in the long term unless they also build trust.” He referenced the significant losses and bankruptcies that have occurre...

Republican lawmakers are pressing the US Securities and Exchange Commission (SEC) to clarify its stance on crypto airdrops by the end of the month, arguing that regulatory uncertainty is stifling innovation. House Financial Services Committee Chairman Patrick McHenry and Representative Tom Emmer expressed concerns over SEC Chair Gary Gensler’s approach to crypto airdrops in a Sept. 17 letter. “The SEC is putting its thumb on the scale and preventing American citizens from shaping the next iteration of the internet,” they wrote. SEC Has Targeted Firms That Execute Airdrops The SEC has a track record of targeting crypto firms involved in airdrops, including a 2022 lawsuit against Hydrogen Technology Corporation and its former CEO for allegedly distributing unregistered securities through an airdrop. This was after the firm minted 11 billion Hydro tokens as part of a fundraising initiative.  These past enforcement actions have added urgency to the lawmakers...

Amid the SEC ending its long-running battle with Ethereum , its future against Ripple and XRP is still up for debate. Ripple Labs and the SEC have been engaged in a lawsuit for some time now. Now, with the regulator dropping its charges against Ethereum, questions are being raised about their inconsistent approach to crypto regulation, and how XRP will be treated. Crypto industry experts have criticized the SEC for its partiality in handling similar crypto cases, including Ripple Labs. Despite the legal battle, Ripple XRP has remained a top crypto asset amongst investors, and in the top 10 crypto assets by market cap on the market. Furthermore, after the partial approval of Spot Ethereum ETFs, rumors flew about XRP being the next cryptocurrency to receive a Spot ETF. Recent developments in the Ripple case suggest that the SEC may not appeal the court’s ruling that XRP is not a sec urity. If this happens, the asset can expect a huge bump in value. The Ripple vs SEC lawsuit ruli...