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Share link:In this post: Bitcoin rebounded by over 14% from a low of $49K, reclaiming $57K. 10x Research suggests the $56K-$57K zone may be a crucial resistance for Bitcoin. Bitcoin’s recent rebound led to $50 million in liquidations.
CryptoQuant CEO Ki Young Ju warned of a potential bear market unless bitcoin maintains current levels for the next week or two.
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.