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Solana's DEX trading volume has been going through the roof after surging by more than $3 billion in the past week, representing a 54% increase.
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Following the SECâs decision to drop its case against #Ripple , the company has revealed its consideration regarding its cross-appeal. Ripple recorded a major victory yesterday after Garlinghouse, the companyâs CEO, declared that the SEC has agreed to drop its appeal. Although the decision still requires the commissionâs approval, it marks the end of a multi-year lawsuit that has negatively impacted the companyâs operations in the U.S. Recall that Ripple also filed a cross-appeal weeks after the SEC challenged Judge Analisa Torresâ decision. While the SEC has agreed to drop its appeal, Ripple has not made a decision on its cross-appeal. Why Rippleâs Cross-Appeal Is Still Pending Speaking in an interview with Bloomberg, Rippleâs CEO provided insight into what is causing the delay. He suggested that the $125 million fine and âother piecesâ of Judge Torresâ decision are major points of contention. It should be recalled that Judge Torres ordered Ripple to pay a $125 million fine for violating federal securities laws and imposed a permanent injunction against the companyâs future sales to institutions. During the interview, Garlinghouse noted that he had âwalked awayâ from the $125 million fine before the SEC appealed and before President Trump appointed several pro-crypto policymakers, such as Paul Atkins and David Sacks. However, under the current pro-crypto SEC leadership, he now has different reasoning. He emphasized that the case should not have been initiated in the first place, noting that the regulator also shared this sentiment. While he acknowledged that the case presented a clear legal victory in establishing that XRP is not a security, he still thinks some aspects of the lawsuitâthe fine and permanent injunctionârequire âclean up.â #Crypto
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The SEC vs. #Ripple legal battle has officially come to an end, as the U.S. SEC drops its appeal. The U.S. Securities and Exchange Commission (SEC) has officially dropped its appeal in its long-running lawsuit against Ripple, marking the end of a four-year legal battle. Ripple CEO Brad Garlinghouse broke the news, calling it a major victory for the company and the entire crypto industry. Ripple CEO Calls It a Long-Overdue Surrender In a broadcast message, Garlinghouse stated that from the very beginning, Ripple believed it was on the right side of both the law and history. He argued that the lawsuit was never about protecting investors but was part of a broader attack on the crypto industry. He described the case as an attempt to intimidate and weaken the industry through legal pressure. According to him, the SECâs actions led to massive financial losses, with the lawsuit wiping out $15 billion in market value. He also accused the agency of trying to manipulate the market rather than seeking justice. Throughout the case, Ripple won several key legal victories. Garlinghouse pointed out that the judge had criticized the SEC multiple times, including rebuking the agency for failing to follow the law. The SEC was also sanctioned for misconduct during the discovery process, further weakening its position. Most importantly, Ripple successfully argued that XRP is not a security, as ruled by Judge Analisa Torres in July 2023. This ruling now sets a legal precedent that could impact future crypto-related cases. What Next? With the SEC dropping its appeal, Ripple is now in control of its next steps. Chief Legal Officer Stuart Alderoty stated that the company will evaluate whether to proceed with its own cross-appeal. The primary issue left unresolved is a $125 million fine and a permanent injunction on Rippleâs institutional sales. #CryptoNewss
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#Dogecoin (DOGE) whales are âbetting on a breakout,â according to prominent crypto analyst Ali Martinez. After falling over 70% in the past 3 months, it is safe to say that Dogecoin has been severely pummeled in the recent crypto market rout. Despite the beatdown, however, one class of investors appears to be betting on the meme coin to get back up soon. Dogecoin Whales On a Buying Spree Dogecoin whales are âbetting on a breakout,â according to prominent crypto analyst Ali Martinez. Martinez disclosed this in an X post on Tuesday, March 18, highlighting fresh DOGE buys from these investors. Specifically, these investors with holdings between 1 million DOGE and 10 million DOGE have added 110 million DOGE worth $18.5 million at current prices to their holdings in the past week, per Santiment Feed data. These purchases follow 1.4 billion DOGE ($224 million) and $1.7 billion (DOGE) buys made last week. Beyond suggesting Dogecoin whales are betting on a price rebound, the recent whale purchases are a bullish sign hinting at market accumulation. Meanwhile, this whale buying is not the only positive Dogecoin on-chain signal at the moment. A âBuzzingâ Network On Wednesday, March 19, Ali Martinez asserted that the Dogecoin network was âbuzzing.â He said this, highlighting the recent spike in active network addresses. This metric jumped over 76% from an average of 160,000 active addresses last week to 282,500 active addresses on Monday, March 17. A rise in active addresses is typically seen as bullish as it suggests growing network interest, which can translate to increased demand for the native asset. Amid these positive on-chain signals, Martinez has suggested that a rebound could take the doggy-themed meme coin to a new all-time high at the $2 price point. The analyst made this call citing an ascending channel on the weekly candlestick chart. In the meantime, however, DOGE continues to idle alongside the broader crypto market, trading at $0.1677, down a negligible 0.29% on the day. #cryptonewstoday
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Scammers are looking to steal Shibaswap user assets, according to a warning from #shiba⥠Inu-focused security outfit Susbarium. As in any industry, scammers in the crypto space are always devising new schemes to rob users of their hard-earned money. In the latest instance, these scammers target users of the Shiba Inu-developed decentralized exchange Shibaswap. Fake Shibaswap Scammers are looking to steal Shibaswap user assets, according to a warning from Shiba Inu-focused security outfit Susbarium, also known as âShibarium Trustwatch.â On Tuesday, March 18, Susbarium warned that these bad actors were launching fake Shibaswap websites to achieve their aims, urging users to be careful. While the security outfit did not elaborate, these fake Shibaswap websites are likely linked to wallet drainers, which siphon assets once the user connects their wallet. At the time of writing, it is currently unclear if any user has lost money to the scheme. Meanwhile, it is not the first time a security platform has warned of fake Shibaswap links. âJack Fake-Killer,â an X account dedicated to exposing phishing links, first warned of such a scheme on January 13. Beyond the Shibaswap scam, The Crypto Basic has called attention to numerous instances of fraudulent endeavors targeting Shiba Inu holders. How Shiba Inu Holders Can Stay Safe from Shibaswap scam The fake Shibaswap scam is a phishing link scam that relies on usersâ failure to spot slight changes in website URLs. Below are some tips to stay safe, including tips from Susbarium. -Always double-check the Shibaswap URL before accessing it or connecting your wallet. Notably, the only official ShibaSwap site is âhttps://shibaswap.com.â -Bookmark the official Shibaswap website for easy and quick access. -Be wary of using Shibaswap links shared in forums. -Use tools like Scam Advisor and Scam Sniffer to double-check URLs when unsure. -Never share your wallet seed phrases. #CryptoNewsFlash
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#Ethereum price trend targets $2,100 with a range breakout as the market recovers before the FOMC meeting results. With less than 12 hours left for the Federal rate cut decisions to go live, the crypto market is witnessing a minor recovery. Bitcoin is above $83,000, and Ethereum is gradually inching closer to the $2,000 mark. While the broader market expects the Fed to keep rates unchanged, growing anticipation is driving the short-term recovery. Will this short-term recovery lead to a breakout in Ethereum, pushing it past the $2,100 mark? Ethereum Price Eyes Range Breakout Rally In the 4-hour price chart, the Ethereum price trend reveals a breakout of a short-term resistance line. This hints at the conclusion of a lower-high trend formation. Moreover, the breakout rally is now targeting a range breakout. The consolidation range in Ethereum extends from $1,850 to $1,950. Currently, Ethereumâs recovery run has created three consecutive bullish candles, which increases the chances of a breakout rally. With the bullish sentiments gradually improving, the MACD and signal lines approach the positive territory. Furthermore, as the bullish histograms resurface, the momentum indicator triggers a buy signal for Ethereum. Justin Sun Adds $100M ETH to Staking Amid the short-term recovery, a key figure in the industry is growing bullish on Ethereum. According to Arkham Intelligence, Justin Sun, the founder of the Tron ecosystem, has staked $100 million in Ethereum. This move seeks to generate $3 million in ETH per year. #CryptoNewsCommunity
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