US Court Grants SEC’s Request Amid Case Dismissal in Binance Lawsuit
A district court has granted the U.S. Securities and Exchange Commission’s (SEC) petition to file an omnibus brief in response to the lawsuit dismissal in the Binance lawsuit. Binance, Changpeng Zhao, and Binance US submitted the motion in response to their petitions to dismiss the amended complaint. The court’s decision regarding the complaint’s dismissal is […]
Ripple to Invest in Bitwise XRP ETP
Ripple has announced that it will invest in Bitwise’s XRP exchange-traded product (ETP) as the issuer rebrands the offering to enhance its presence in the European market. Bitwise declared on November 7 that it would rename its European XRP ETP, the ETC Group Physical XRP, to the Bitwise Physical XRP ETP. Its ticker symbol, GXRP, […]
Paul Atkins Emerges Top Candidate for SEC Chair Position
Former US SEC Commissioner Paul Atkins has emerged as the most prominent candidate to serve as the agency’s chairman under President-elect Donald Trump’s administration. According to an X post by financial reporter Eleanor Terrett, Atkins is reputed to be capable of “returning the agency to the so-called ‘gold standard’” and is recognized for his crypto […]
MicroStrategy’s MarketCap Sees 4 Days Drop Amid BTC Correction
MicroStrategy’s market capitalization experienced its most significant four-day decline in history, prompting inquiries regarding its status as a leveraged Bitcoin investment vehicle. The company’s market value decreased by more than 35% from its apex on November 21, resulting in over $30 billion loss. The Kobeissi Letter, which emphasized the decline in a November 26 X […]
Trezor Hardware Wallet Reports Peak Demand
Trezor, a hardware wallet provider, has reported that the cryptocurrency self-custody trend has gained momentum as Bitcoin approached the $100,000 price point last week. The firm informed Cointelegraph on November 27 that Trezor has experienced a 600% increase in weekly wallet sales due to Bitcoin’s significant rally, resulting in a historic all-time high above $99,600. […]