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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.
- 11:22Beam Foundation: Over 110 Million BEAM Tokens Destroyed on May 1PANews reported on May 4 that the Beam Foundation announced on the X platform that it had destroyed 113,957,240 BEAM tokens on May 1, reducing the total supply of BEAM tokens by 40.9%.
- 10:46Pump DEX 24-hour trading volume reaches $777 million, surpassing Raydium to rank secondAccording to a report by Jinse Finance, data from Defillama shows that Pump DEX's 24-hour trading volume is $777 million, surpassing PancakeSwap and Raydium, second only to Uniswap. It is noteworthy that the DEX TVL of PancakeSwap and Raydium are $1.67 billion and $1.29 billion respectively, far exceeding Pump DEX's TVL of $80 million.
- 09:50Market Cap of Gold-Backed Cryptocurrencies Grows 6% in the Past Month as Interest in Digital Gold Assets RisesPANews reported on May 4, according to CoinDesk, that the minting of gold-backed cryptocurrencies reached its highest level in nearly three years over the past month, driving the overall market capitalization of such tokens up by 6% to $1.43 billion. Meanwhile, the monthly transfer volume of gold-backed cryptocurrencies increased by 77% to $1.27 billion, indicating a significant rise in interest in digital gold assets. The latest report from the World Gold Council shows that total gold demand in the first quarter of this year reached 1,206 tons, a 1% increase year-on-year, marking the strongest first-quarter growth since 2016. Analysts believe that ETF investors and some crypto users are seeking programmable and on-chain traceable hedging tools amid rising gold prices, leading to increased interest in gold-backed crypto assets.