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The case between the SEC and Ripple might finally be over.
Share link:In this post: Ripple only has to pay $125 million to the SEC for selling XRP to institutional investors without registering it. The court ruled that XRP is not a security when sold to institutional investors, which is a big win for the crypto industry. XRP’s price jumped 25% after the ruling, showing the market’s positive reaction.
Share link:In this post: BlackRock and NASDAQ have asked the SEC to allow options trading in the BlackRock spot Ether ETF. The U.S. SEC will oversee these changes in the ETF trading options but hasn’t yet approved the suggestion. The proposed changes would ensure all Ethereum is under Coinbase’s custody, while the Bank of New York Mellon would handle cash.
Share link:In this post: Politicians print money to win elections when markets are down, just like Kamala Harris might do. Japan’s yen carry trade, where they borrow cheap yen to invest in higher-yield assets, is huge and risky. Bitcoin’s behavior will help us gauge market expectations; if it follows traditional markets, stay cautious; if it diverges, consider aggressive positions.
Share link:In this post: Monday’s market chaos may have settled, but expect more selling pressure in the coming days due to ongoing high volatility. Bitcoin is struggling to break above key resistance levels, indicating a bearish trend and potential for further declines. Technical indicators like SMAs, MACD, and OBV suggest that the selling pressure on Bitcoin is far from over.
- 21:04XRP surges 10%, returns to top three by market cap, approaches $3 mark, driven by Ripple's major victoryOn May 13 (UTC+8), the price of XRP rose, once again becoming the third-largest cryptocurrency by market capitalization. This increase was attributed to its victory in the lawsuit against the U.S. Securities and Exchange Commission (SEC) and heightened market expectations for the launch of an XRP ETF, boosting investor confidence. However, XRP faces some resistance in the $2.41 to $2.45 range.
- 21:03All three major U.S. stock indices closed significantly higherAll three major U.S. stock indices closed significantly higher, with the Nasdaq up 4.35% and the S&P 500 up 3.26%, both reaching their highest closing levels since March 3; the Dow Jones rose 2.81%, marking its highest close since March 27. Most large tech stocks rose, with Amazon up over 8%, Meta up over 7%, Apple and Tesla up over 6%, Nvidia up more than 5%, Google and Intel up more than 3%, and Microsoft up over 2%; Netflix fell more than 2%.
- 20:24Bitcoin Falls Below $100,000; Tariff Risk Easing May Lead to Further DeclineBitcoin's price pulled back after the US and China announced an easing of trade tensions, while US stocks performed strongly. Bitcoin has recently surged significantly, surpassing major stock indices amid the trade war impact. Analysts believe that the short-term suspension of tariffs is beneficial for risk assets, but caution is needed regarding subsequent uncertainties.