Author: Monicah W

The Securities and Exchange Commission’s (SEC) decision to drop lawsuits against several major crypto players has left the Ripple case as a notable exception. Recently, the US SEC dismissed litigations against Kraken, Cumberland, and Consensys, sparking curiosity about the status of the XRP lawsuit. Fox Business journalist Eleanor Terrett took to X to share insights on the possible reasons behind the SEC’s delay in the Ripple case.

Let’s take a closer look at the Ripple case and the SEC’s decision to exclude the platform while dropping lawsuits against other crypto companies.

Is US SEC Further Delaying the XRP Lawsuit?

In her recent X post, Fox Business reporter Eleanor Terrett shared insights on the possible reasons for the SEC’s delay in the XRP lawsuit. While the SEC intentionally missed Ripple while dismissing cases against other major firms, Terret stated that the move wasn’t surprising.

Emphasizing the unique circumstances of the Ripple case, Terrett stated, “No Ripple here but I’m not entirely surprised because, again, it is slightly different to these other cases.” The journalist pinpointed the complexities surrounding the XRP lawsuit unlike other crypto lawsuits.

The SEC’s approach to resolving the XRP lawsuit differs from other crypto cases due to an existing injunction. To move forward, the SEC must request Judge Torres to lift this injunction, allowing them to proceed with voting on the withdrawal of the appeal and other related matters.

SEC Dismisses Kraken, Cumberland, Consensys Cases

In a recent development, the US SEC officially announced the dismissal of the crypto lawsuits involving Kraken, Cumberland, and Consensys. This decision comes after the SEC filed a joint stipulation with each company. The filing agrees to dismiss the cases with prejudice, meaning they cannot be refiled.

It is noteworthy that the dismissal comes without any financial implications for the crypto firms. Dropping the lawsuits, the Commission underscored the irrelevance of the cases. However, the regulator clarified that its decision does not imply a change in its position on the underlying issues of the lawsuits.

As highlighted by Terrett, these dismissals do not impact or influence the ongoing XRP lawsuit. Meanwhile, the Ripple lawsuit is expected to follow specific procedures, which may lead to a delay in its conclusion. The settlement process for the Ripple lawsuit involves several steps. This includes the SEC’s request to lift the existing injunction and the subsequent voting on the withdrawal of the appeal.

Recently, attorney Fred Rispoli shared a possible timeline for the Ripple case settlement. He stated that the lawsuit will end within the next 60 days.

How This Delay in the Ripple Lawsuit Settlement Impact XRP Price?

Amidst the complexities and uncertain timeline surrounding the Ripple case settlement, the XRP price faces major corrections. As of press time, XRP is trading at $2.21, with a 5.38% dip in a single day. Over the past week and month, XRP has plummeted by 6.7% and 2.2%, respectively.

Despite this negative trend, a positive sentiment persists among investors, as indicated by a 17.6% surge in trading volume, currently at $3.85 billion. This sparks a bullish prediction for XRP, with analysts foreseeing its ascendance to $11.

The post XRP Lawsuit: Why the US SEC Is Delaying the Ripple Case? appeared first on CoinGape.

Ethereum price fell below $2,000 on Thursday, March 28, as the crypto market reeled amid intense volatility and bearish pressure. This decline has shifted the attention of traders from ETH to Ethereum rivals that can record significant gains in price. 

Ethereum Price Crashes Below $2,000 Amid Weak Demand

Ethereum price trades at $1,906 at press time, marking its lowest level in more than a week amid US PCE inflation. On the weekly chart, ETH had formed a triple-top pattern, which suggests that the price is about to make a sharp reversal from an uptrend to a downtrend. 

ETH price has been rejected again at the neckline of this triple top, which means that the bearish pressure is strong. If the downtrend progresses, it is possible that Ethereum will fall to $1,520. 

Besides the weak retail demand that is forcing Ethereum price to drop, institutions also appear uninterested in accumulating during the dip. Data from SoSoValue shows that spot ETH ETFs have experienced three weeks of persistent outflows. 

Amid these bearish headwinds, crypto traders are looking for the best Ethereum rivals that they can buy. 

Top 3 Ethereum Rivals to Buy 

The top 3 Ethereum rivals to buy after ETH price dropped below $2,000 include Ripple (XRP), Solana (SOL) and Cardano (ADA). 

Ripple (XRP)

The top Ethereum rival to buy today is XRP. This altcoin shows signs of outperforming ETH after the XRP/ETH ratio surged to its highest level since November 2020. Additionally, this ratio is at the upper Bollinger band, which further suggests a bullish outlook, which could cause a breakout to the all-time high price of 0.0036. 

Besides this rising ratio, other factors suggest that XRP can outperform ETH. XRP is at a pivotal point after the Ripple lawsuit was dismissed. The Ripple army is optimistic that the end of the case will attract interest from institutions through spot ETFs. On Polymarket, the odds of an XRP ETF being approved by the end of the year have soared to 85%. 

Solana (SOL) 

Solana is another Ethereum rival to buy for significant gains. Just like XRP, Solana has outperformed ETH in recent months, with catalysts like a spot ETF application by Fidelity and adoption by BlackRock for the BUIDL fund set to drive further gains. 

The daily price chart shows a looming Solana bullish breakout that could lead to gains. This happened after SOL touched resistance at the upper trendline of a falling parallel pattern. If the MACD line crosses above the zero line to confirm a bullish momentum, it could lead to SOL escaping this bearish pattern. 

Cardano (ADA) 

The other Ethereum rival that traders should consider buying today for significant gains is Cardano. The Cardano network is recording a significant uptick in global adoption after TapTools revealed that it has surpassed 5.25 million wallets. 

Cardano price is currently trading within a consolidation range. However, the AO is rising, suggesting that bulls might regain control. If buyers break ADA price from this consolidation zone, it might spark a rally towards the 161.8% Fibonacci level of $1.54. 

Final Thoughts on Ethereum Rivals to Buy

Ethereum price has dropped below the critical support level of $2,000, suggesting that bearish headwinds might push the price down further. Amid this drop, the top Ethereum rivals that traders can buy today include XRP, Solana, and Cardano. 

The post 3 Ethereum Rivals to Buy Now as ETH Price Crashes Below $2,000 appeared first on CoinGape.

The Binance listing is one of the bullish events in the crypto market, but that’s not what happened with the Mubarak meme coin price. As a newly launched token, it is often in the limelight, especially as the former Binance CEO Changpeng Zhao showed support for this meme-themed cryptocurrency. As a result, its price saw many uptrends, but today, it is different as it is down by 40%. Why? Let’s discuss this.

Mubarak Meme Coin Price Crashes With Binance Listing

Binance recently listed four cryptocurrencies, including Mubarak. Although it was expected, the Mubarak meme coin price crash came unexpectedly. Experts believe this happened as the sellers were prepared to benefit from the potential rally.

Although the token did witness a rally at first, hitting $0.011, it soon crashed amid seller’s activity. At present, it trades at $0.08652 after bearing a 40% loss today and 60% away from the ATH of $0.2158, set ten days ago.

Interestingly, when this token plummeted, the three other listed tokens, i.e., BROCCOLI, TUT, and BANANAS31, had significant uptrends, disappointing investors.

Crypto Whales to Blame For Mubarak Crash

Talking of the Mubarak coin price crash, the 205% surge in the trading volume reveals that the investors’ activity is high. A significant portion of this is from the crypto whales, which are on a selling spree and fueling this crash.

Lookonchain X’s post revealed one such whale who had deposited 6.14M Mubarak earlier in the day. Interestingly, the whale itself made nearly $760k in profits, but the activity resulted in increasing the selling pressure on the token.

Another whale has deposited 10.28M Mubarak on Binance and sold it at a loss. Experts claim such sell-offs are made voluntarily to bring the token down before fueling a price reversal.

Experts Predict Mubarak Meme Coin Price to Surge 5x

According to crypto experts, Changpeng Zhao’s connection to Mubarak will bring price rallies. One such claim is that even though the initial outcome of the Binance listing turned into correction, it is up for a 5x surge due to historical trends and upcoming Eid Mubarak celebrations.

Another pointed out a potential breakout from the symmetrical triangle pattern. He claimed that the bull’s presence would push its price above key resistances before predicting a Mubarak meme coin price rally to $0.17.

However, the ongoing bearish trend is hard to ignore, where the key resistance is at $0.14 and $0.16. More importantly, the RSI, MACD, and key moving average indicate a bearish momentum.

Investors must keep an eye on the performance, as its key support is $0.086. A bounce from this could bring an uptrend. In contrast, a drop can push it toward $0.08.

The post Binance Listing Effect Causes Mubarak Coin Price to Crash 40% appeared first on CoinGape.

According to a recent analysis, the AVAX price is eyeing a rebound to as high as $44. This comes just as asset manager Grayscale files to offer an Avalanche ETF, which will list and trade on the Nasdaq exchange.

Grayscale Files With US SEC To Offer Avalanche ETF

Grayscale has officially filed with the US SEC to offer an Avalanche. This came following Nasdaq’s 19b-4 filing with the Commission to list and trade this proposed ETF on the exchange. The SEC will have to determine whether or not to approve the fund.

Grayscale becomes the second asset manager to file to offer an AVAX ETF. VanECK was the first as the asset manager filed the S-1 for its ETF with the SEC two weeks ago. It is worth mentioning that Grayscale already has an Avalanche Trust, which it is simply looking to convert to an ETF.

Asset managers continue to file for several altcoin ETFs under the new SEC administration, with acting Chair Mark Uyeda looking to create a regulatory-friendly environment for the crypto industry. US SEC Chair nominee Paul Atkins has also affirmed that he plans to prioritize regulatory clarity for the industry.

Market expert Nate Geraci also highlighted the wave of altcoin ETFs that have stormed the SEC’s desk including filings for XRP, Solana, Dogecoin, Cardano, SUI, Hedera, Polkadot, Litecoin, Aptos, and Axelar.

AVAX Price Eyes Rebound To $44

The AVAX price is eyeing a rebound to $44 as predicted by crypto analyst Jarfan. Grayscale’s filing for an Avalanche ETF undoubtedly provides a bullish outlook for the altcoin and could spark this rally.

Jarfan stated that AVAX’s chart is one of the cleanest on the market at the moment. He remarked that the altcoin has taken out previous lows and looks to be putting a double bottom on the higher timeframe.

In line with this, he affirmed that overall, a very bullish structure is forming at the moment and that AVAX is showing a lot of relative strength in comparison to other altcoins. The analyst noted that there have been major moves from other coins recently, although they have been mainly meme coins, and that the fact that Avalanche is keeping up with them is truly impressive.

Jarfan also stated that the AVAX price is holding above a very strong support right now with barely any drawbacks. As such, he belives that the altcoin will rally to $30 in no time once Bitcoin breaks out from $88,000.

His accompanying chart also showed that the altcoin could rebound to $44, although it would face a major resistance at that level as it attempts to further rally to the upside. The crypto analyst predicts that Avalanche will break in the top 10 cryptocurrencies by market cap very soon.

The post AVAX Price Eyes Rally To $44 As Grayscale Files For Avalanche ETF appeared first on CoinGape.

XRP price has slipped more than 5% today, slipping below the $2.2 mark, sparking speculations among investors. With a flurry of investors evaluating the potential future performance of the coins, experts have given mixed predictions, further fueling discussions. Notably, a renowned trader has recently said that Ripple’s coin may crash to $1 while others are offering bullish forecasts despite the recent retreat.

XRP Price Retreat: A Quick Evaluation Of The Current Performance

XRP price today was down more than 5.6% and exchanged hands at $2.19 during writing amid a broader crypto market selloff. Its one-day trading volume was up over 17% to $3.83 and the crypto touched a 24-hour high of $2.36. Besides, XRP Futures Open Interest fell 2% to $3.96 billion, reflecting the gloomy sentiment in the market.

Notably, the crypto has been consolidating between the $2 and $2.5 mark over the last 30 days, while nearing a monthly high of $2.97. However, on the monthly chart, the crypto has lost around 0.5% with its current performance.

Notably, this bearish momentum comes despite a flurry of good news in the market. For context, Gemini co-founder Tyler Winklevoss recently shared a crucial update for the Ripple army. Besides, the US SEC is likely to drop the long-running case against Ripple, which has further bolstered traders’ sentiment.

Expert Predicts XRP Price Crash To $1: Here’s Why

Renowned trader Peter Brandt has sounded the alarm on XRP, warning of a potential price crash to $1.07 if Ripple’s coin fails to hold above a crucial support level. Brandt, a veteran analyst with decades of experience, identified a textbook Head and Shoulder (H&S) pattern forming on XRP’s chart.

According to Brandt, XRP is currently range-bound, and a break below $1.9 could trigger a sharp decline. He advised against holding XRP below this level, citing the H&S pattern’s projection of $1.07. However, Brandt noted that a breakout of the $3 mark could invalidate the bearish scenario.

Meanwhile, this also comes as Brandt recently hinted towards a potential BTC price crash to $70K. This has further fueled concerns among investors, as the altcoins often tend to follow Bitcoin’s path.

Other Experts Remain Bullish On Ripple’s Coin Future

Despite the recent dip and bearish prediction from Peter Brandt, a flurry of experts has remained bullish on the future trajectory of XRP price. Renowned analyst CryptoELITES reaffirmed a $15 target for Ripple’s native asset, citing his prior 600% gain since its initial prediction when XRP traded at $0.50.

Another expert Dark Defender also echoed this bullish sentiment, highlighting a clear upward momentum on the 3-month time frame chart. He predicted a 3rd wave targeting $5.85-$8.076 and a 5th wave potentially reaching $18.22-$23.20. Additionally, Dark Defender identified a bullish rectangle pattern, suggesting new all-time highs on the horizon.

Meanwhile, in the short term, EGRAG CRYPTO forecasts a potential “inverse head and shoulders” pattern, with a measured move targeting $3.7-$3.9. These expert predictions, in contrast to Peter Brandt’s recent forecast, have helped offset some concerns of the investors regarding the XRP price future.

The post XRP Price Slips 4%: Ripple Coin’s May Dip Further To $1 If This Happens appeared first on CoinGape.

The post Grayscale Files for Avalanche ETF on Nasdaq appeared first on Coinpedia Fintech News

Grayscale has officially filed for an Avalanche ETF with Nasdaq, marking a significant step for the firm as it expands its offerings in the cryptocurrency space. The move aims to provide investors with a more accessible way to gain exposure to Avalanche (AVAX) through a regulated financial product. If approved, this ETF could further solidify Avalanche’s position in the growing blockchain and cryptocurrency market, offering more opportunities for institutional investors.

The post Grayscale Files for Avalanche ETF on Nasdaq appeared first on Coinpedia Fintech News
Grayscale has officially filed for an Avalanche ETF with Nasdaq, marking a significant step for the firm as it expands its offerings in the cryptocurrency space. The move aims to provide investors with a more accessible way to gain exposure to Avalanche (AVAX) through a regulated financial product. If approved, this ETF could further solidify …

The post Galaxy Digital Faces $200 Million Settlement Over LUNA Promotion appeared first on Coinpedia Fintech News

Galaxy Digital has agreed to a $200 million settlement with the New York Attorney General over its promotion of the #LUNA token. The company was accused of violating the Martin Act and Executive Law by not disclosing its interest in the asset when promoting it to the public. This settlement serves as a reminder for crypto firms to maintain transparency in their promotional activities and disclose any financial ties to the assets they endorse.

The post Galaxy Digital Faces $200 Million Settlement Over LUNA Promotion appeared first on Coinpedia Fintech News
Galaxy Digital has agreed to a $200 million settlement with the New York Attorney General over its promotion of the #LUNA token. The company was accused of violating the Martin Act and Executive Law by not disclosing its interest in the asset when promoting it to the public. This settlement serves as a reminder for …

The post Crypto Whales Are Buying Litecoin: Can LTC Hit $140 in 2025 ? appeared first on Coinpedia Fintech News

Numerous crypto whales watch Litecoin (LTC) intently, with large accumulation patterns identified within the on-chain data. Recently, blockchain data showed a staggering 24-hour volume of transactions of 115.18M LTC with a total of 365,086 active addresses, and overall activity was high too.

Just as with activity, the Litecoin hashrate also reached an all-time high (ATH) of 2.53 TH/s with miner pricing increasing – we can see miner confidence returning with reasonable security and healthy miner incentives being returned to the network in terms of productivity.

As such, the question remains as large investors increase their holding of LTC: Will LTC be able to hit $140 in 2025?

Whales Couldn’t Shake The LTC Much

The increase in LTC Price to the $140 target is likely as the altcoin bounces back from its recent drop from the local peak of $112 in February. The LTC price rallied upwards before correcting and then bouncing back again. It seems like the pattern is repeating itself as the LTC price is now ready to tackle resistance at $104. 

Once the LTC price flips this resistance level to support, there are no significant obstacles to halting the race to $140, which is the 38.2% Fibonacci retracement of the decline of LTC from the peak in May 2021 of $413 to the low in June 2022 of $40.

Litecoin On-Chain Data Also Shows Spikes, But No Impact Created

Understanding on-chain data shows important information regarding investor sentiment and market activity. Information shared by IntoTheBlock profiled the following on-chain metrics:

• In the Money (Profitable Holders): 33.79% (25.81M LTC or ~$2.28B)
• At the Money (Break-even Holders): 8.74% (6.67M LTC or ~$590.54M)
• Out of the Money (Losing Holders): 57.47% (43.9M LTC or ~$3.89B)
• Active Addresses (During 30-Day Change): +7.5%
• Whale Holdings (Wallets Holding >10K LTC): +4.8% Increase 
• Whale Transactions (>$100K): Surged 22% last month
• Whale Strategy: Whale wallets holding 100K-1M LTC increased their holdings by +5.6%, indicating their confidence in price appreciation.

Despite 57.47% of LTC holders currently at a loss, the rise in whale accumulation and active addresses suggests a long-term bullish outlook. Large transactions exceeding $100K have spiked, indicating that institutional investors and crypto whales are accumulating LTC at key support levels.

Will LTC Reach $140 in 2025?

Growing speculation surrounding the potential for a Litecoin ETF is creating positive sentiment around LTC.  Previously, news surrounding Bitcoin spot ETF approvals sparked bullish sentiment that key cryptocurrencies such as Ethereum and Litecoin may follow as their approvals are deemed likely. 

Should Litecoin ETF be approved, it would allow for institutional investors’ regulated exposure, greater adoption of the crypto as an investment, and price appreciation. 

Historically, ETF approvals have driven excitement and major price pumps, as seen in the approval of the Bitcoin ETF that sparked a rally.  If approved, there is potential for LTC building on strong fundamentals, and with whales accumulating LTC, we could see the price push much higher over $140.

Although there is no timeframe for approval due to othe verwhelming demand for crypto ETFs and investment products, Litecoin’s long-term presence in the market may bode well for approval.

The anticipated price increase, if an ETF is approved, could go far beyond $140, creating LTC as a coin to watch whether it is approved or not.

The post Crypto Whales Are Buying Litecoin: Can LTC Hit $140 in 2025 ? appeared first on Coinpedia Fintech News
Numerous crypto whales watch Litecoin (LTC) intently, with large accumulation patterns identified within the on-chain data. Recently, blockchain data showed a staggering 24-hour volume of transactions of 115.18M LTC with a total of 365,086 active addresses, and overall activity was high too. Just as with activity, the Litecoin hashrate also reached an all-time high (ATH) …

The post NCDRC Dismisses ₹2000 Crore Hack Lawsuit Against WazirX appeared first on Coinpedia Fintech News

The National Consumer Disputes Redressal Commission (NCDRC) has dismissed a lawsuit filed against WazirX over a ₹2000 crore hack. The court ruled that there is no established legal framework for cryptocurrency-related issues in India. As a result, the case against the crypto exchange was thrown out, highlighting the regulatory gap surrounding cryptocurrency in the country. This decision marks a significant moment in the ongoing debate over crypto regulations in India.

The post NCDRC Dismisses ₹2000 Crore Hack Lawsuit Against WazirX appeared first on Coinpedia Fintech News
The National Consumer Disputes Redressal Commission (NCDRC) has dismissed a lawsuit filed against WazirX over a ₹2000 crore hack. The court ruled that there is no established legal framework for cryptocurrency-related issues in India. As a result, the case against the crypto exchange was thrown out, highlighting the regulatory gap surrounding cryptocurrency in the country. …

The post What’s Next for Crypto After Ripple, Coinbase Dismissals? Incoming SEC Chair Paul Atkins Speaks appeared first on Coinpedia Fintech News

Paul Atkins, President Donald Trump’s nominee to lead the U.S. Securities and Exchange Commission (SEC), recently addressed the Senate Banking Committee on March 27, calling for a clear and supportive framework for the cryptocurrency market.

He said, “Since 2017, as I have led industry efforts to develop best practices for the digital asset industry, I have seen how ambiguous and non-existent regulations for digital assets create uncertainty in the market and inhibit innovation.”

Atkins said that a top priority of his chairmanship will be to work with his fellow commissioners and Congress to provide a firm regulatory foundation for digital assets through a rational, coherent, and principled approach.

He criticized outdated rules that block innovation and said vague policies have undermined investor confidence. Atkins vowed to create a framework that encourages growth, technology, and investor protection, aligning with Trump’s vision for global leadership in digital assets.

“It is time for the SEC to return to its core mission that Congress set out for it: investor protection; fair, orderly, and efficient markets; and capital formation,” he added.

Atkins, a former SEC commissioner and current CEO of Patomak Global Partners, opened up about the need for regulatory clarity in the rapidly growing digital asset space.

“I am eager to get to work for American markets and investors. Should I be confirmed, my goal will be to ensure that the United States is the best and most secure place in the world to do business and for Americans to invest their hard-earned dollars to save and provide for their future,” he explained.

The post What’s Next for Crypto After Ripple, Coinbase Dismissals? Incoming SEC Chair Paul Atkins Speaks appeared first on Coinpedia Fintech News
Paul Atkins, President Donald Trump’s nominee to lead the U.S. Securities and Exchange Commission (SEC), recently addressed the Senate Banking Committee on March 27, calling for a clear and supportive framework for the cryptocurrency market. He said, “Since 2017, as I have led industry efforts to develop best practices for the digital asset industry, I …