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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.
- 01:19Exodus Q1 Financial Report: Total Value of Digital Asset Holdings Reaches $238 Million, Bitcoin Holdings Increase to 2,011According to a report by Jinse Finance, cryptocurrency wallet service provider Exodus announced its unaudited financial report for the first quarter of 2025, with revenue increasing by 24% year-on-year to $36 million, reaching a record high. The total value of the company's digital asset holdings reached $238 million, with 2,011 Bitcoins (valued at $166 million) making up the majority, an increase of 70 Bitcoins from the end of 2024. Other holdings include 2,693 Ethereum ($4.9 million) and a $62.8 million combination of USDC and treasury bonds. Despite a 30% decline in monthly active users to 1.6 million, the number of effective users at the end of the period remained at 1.8 million. The transaction processing volume for this quarter reached $2.18 billion. Research and development and technical support expenses increased by 39% to $14.9 million, with a net loss of $12.9 million (compared to a net profit of $54.8 million in the same period last year), mainly due to an unrealized loss of $28.8 million in digital asset holdings. Management stated that they will continue the self-custody strategy and expand business boundaries.
- 01:17Ethereum Price Rebound Faces Test as Analysts Focus on Fundamentals Over Short-term SpeculationAccording to ChainCatcher, as reported by Decrypt, Ethereum (ETH) achieved a nearly 40% increase last week, with prices climbing from $1,800 to $2,500, primarily benefiting from the successful Pectra network upgrade and improvements in the global trade environment. However, market data indicates that this surge was mainly driven by crypto-native investors, with Ethereum spot ETFs experiencing a net outflow of $55 million last week, in stark contrast to Bitcoin ETFs, which saw a net inflow of $600 million. Volatility models show a 20% probability of ETH surpassing $4,000 by the end of the year, an increase from the previous week's 9% probability. Although the Pectra upgrade completed on May 7 improved network performance, analysts believe that without sustained institutional funding support and a clear regulatory framework, the upward trend may face adjustment pressure.
- 01:15Ethereum's Next Upgrade "Fusaka" May Reduce Costs for L2 and ValidatorsPANews reported on May 13, according to CoinDesk, that following the successful deployment of the Pectra upgrade on Ethereum last week, the network's core developers have turned their attention to the next major on-chain upgrade: Fusaka. Developers have already begun planning the next network upgrade, Fusaka, and have agreed to include an EIP called "PeerDAS," which could help the network support larger transaction data "blobs." PeerDAS, or Peer Data Availability Sampling, will allow validators to download portions of data from "blobs" rather than the entire "blobs" to verify whether the data has been published to the network. Theoretically, PeerDAS could reduce Layer 2 transaction costs and benefit institutions running validators on the Ethereum blockchain. Fusaka is scheduled to go live by the end of 2025 and will eventually include a series of additional upgrades beyond PeerDAS.