Ripple to Drop Cross-Appeal Against SEC, Ending Years-Long Legal Battle With SEC

The years-long legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) appears to have finally come to an end, after Ripple Labs CEO Brad Garlinghouse announced Friday that the company plans to drop its cross-appeal in the case. “Ripple is dropping our cross appeal, and the SEC is expected to drop their…

IT hackers infiltrate crypto projects, steal $1 million

Hackers posing as legitimate information technology (IT) workers who have infiltrated Web3 projects have stolen roughly $1 million in crypto during the past week, according to onchain investigator and cybersecurity analyst ZackXBT. Several entities were impacted including Favrr, a Web3 fan-token marketplace, non-fungible token (NFT) projects Replicandy and ChainSaw, along with other teams the onchain…

Bitcoin Holds $107K As Stagflation, Fed Rate Cuts Loom

Key takeaways: Bitcoin spent the week fighting to hold above $107,000, but exchange inflows remain at historic lows as retail investors choose to sit on the sidelines. Stagflation becomes a real risk as US growth slows, but Fed rate cuts could fix the situation and supercharge Bitcoin price. Onchain data shows Bitcoiners accumulating, suggesting the…

Legal Strategy Matters More Than Ever For Your Crypto Startup In The UAE.

Opinion by: Irina Heaver, crypto lawyer. Founders who treat regulatory structuring as a central part of their go-to-market strategy are the ones who thrive in the UAE. Unfortunately, many founders view licensing as an afterthought.  The UAE is not a place where you can cut corners. It is, however, a place where thoughtful, well-prepared founders…

Ether Whales bet $100M after US Airstrike on Iran

Ether whales are betting hundreds of millions of dollars on the price recovery of the world’s second-largest cryptocurrency despite geopolitical tensions that are sidelining investors and dampening risk appetite. One whale (a large cryptocurrency investor) has opened an Ether (ETH) long position of over $101 million with 25x leverage at the entry price of $2,247,…

Legal Strategy Matters More Than Ever For Your Crypto Startup In The UAE.

Opinion by: Irina Heaver, crypto lawyer. Founders who treat regulatory structuring as a central part of their go-to-market strategy are the ones who thrive in the UAE. Unfortunately, many founders view licensing as an afterthought.  The UAE is not a place where you can cut corners. It is, however, a place where thoughtful, well-prepared founders…

Experts Highlight ‘Lagging’ Altcoins as Great Accumulation Opportunity

Key takeaways: Ether’s technical breakouts suggest ETH price may hit $10,000 this cycle.  Altcoin Season Index says it’s prime time to accumulate “lagging” altcoins. Bitcoin dominance nearing 70% could trigger a full-blown altseason soon. Ether’s (ETH) technical setup suggests that the altcoin is poised for sharp price gains that could mark the start of an…

Experts Highlight ‘Lagging’ Altcoins as Great Accumulation Opportunity

Key takeaways: Ether’s technical breakouts suggest ETH price may hit $10,000 this cycle.  Altcoin Season Index says it’s prime time to accumulate “lagging” altcoins. Bitcoin dominance nearing 70% could trigger a full-blown altseason soon. Ether’s (ETH) technical setup suggests that the altcoin is poised for sharp price gains that could mark the start of an…

Filecoin (FIL) Drops 2% as Index Trades Lower

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2955.67, down 0.4% (-11.81) since 4 p.m. ET on Thursday. Nine of 20 assets are trading higher. Leaders: AAVE (+3.0%) and APT (+2.2%). Laggards: FIL (-2.0%) and XRP (-1.8%)….

Small Crypto Trader Earns $1.5M With Unusual Futures Strategy

A little-known crypto trader has turned $6,800 into $1.5 million in profit while accounting for over 3% of maker-side liquidity on a major crypto exchange.  Market observer Adverse Selectee highlighted a small trading account holding less than $200,000 in equity on Thursday. Over the past two weeks, the account recorded a trading volume of $1.4…