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Eric Trump has warned traders against shorting Bitcoin and Ethereum. His remarks came as the Ethereum price edges closer to its all-time high, fuelled by a wave of corporate treasury acquisitions and high-profile endorsements. Eric Trump Has A Warning for Bears Eric Trump took to X to celebrate a sharp rally in the Ethereum price
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The post Ripple Vs SEC To End Today? Former SEC Lawyer Says ‘Highly Unlikely’ appeared first on Coinpedia Fintech News
The Ripple vs SEC case continues to stir up the crypto community, especially on X (formerly Twitter), where new rumours are flying that the long-running lawsuit could finally end today. But according to a former SEC lawyer, those hopes might be a little too optimistic.
According to latest rumours, both Ripple and the US Securities and Exchange Commission (SEC) were about to dismiss their appeals and bring the case to a close today. However, Marc Fagel stepped in to clear the air.
In a post on X, Fagel said it’s “highly unlikely” that the Ripple case will be resolved today. He explained that at this point, neither party has officially withdrawn their appeal. Also, the SEC usually takes several weeks or even months to vote on enforcement matters like this.
“Anything is possible, but it would be very unusual,” Fagel added, saying that anyone claiming the case is ending today probably doesn’t understand how the SEC works internally.
Once both Ripple and the SEC officially drop their appeals, Judge Analisa Torres’s previous ruling against Ripple would immediately take effect, no further court decisions needed. While Ripple CEO Brad Garlinghouse has spoken about dismissing their appeal, no formal paperwork has been filed yet.
Adding to the speculation, the SEC held a closed-door meeting on July 3rd, sparking hopes of a fast settlement announcement. But Fagel poured cold water on that too, saying it was just a regular meeting and it typically takes several weeks for enforcement matters to be added to the SEC’s voting agenda.
He also reminded the community that the SEC is known for moving slowly when it comes to processes like these, even if the outcome feels obvious.
Both sides are still expected to drop their appeals, but it’s likely to take more time. While the crypto world moves at lightning speed, government agencies, as Fagel put it, tend to move like snails.
For now, XRP holders are advised to stay patient. The final dismissal might not happen as quickly as the rumour mill suggests, but the end of this years-long case is slowly approaching.
The post Ripple Vs SEC To End Today? Former SEC Lawyer Says ‘Highly Unlikely’ appeared first on Coinpedia Fintech News
The Ripple vs SEC case continues to stir up the crypto community, especially on X (formerly Twitter), where new rumours are flying that the long-running lawsuit could finally end today. But according to a former SEC lawyer, those hopes might be a little too optimistic. According to latest rumours, both Ripple and the US Securities …
Shiba Inu price secured a hotspot on crypto traders’ and investors’ radars this Thursday by showcasing the potential for massive gains ahead. Primarily against the backdrop of a whopping 60,000% surge in the SHIB burn rate and bullish price pattern formations, the meme coin is signaling an imminent rally. Notably, SHIB price is currently trading at the $0.000014 level, whilst numerous renowned market analysts have predicted that a bull run is right over the horizon.
A recent X post by crypto market trader and analyst ‘World Of Charts’ revealed that Shiba Inu price is eyeing 2x gains ahead. This bullish prediction is attributed to the meme coin showcasing the potential for a price rally with recent formations. As per the analyst, the coin’s price is currently trading in a descending channel range. A sustained breakout above the upper trendline in this formation cements the chances of a bull run.
For context, a descending channel pattern is a bearish formation characterized by two parallel trendlines sloping downward. Nevertheless, the analyst believes that 2x gains are possible, given that a sustained breakout above the upper trendline holds. This bullish projection promptly echoed a huge market buzz, with the latest burn statistics further bolstering investor sentiments.
According to Shibburn’s data on March 27, the SHIB burn rate surged by a whopping 57,291.91% intraday. Over 1 billion coins were permanently removed from the asset’s circulating supply in the past 24 hours.
As an upshot, bullish market sentiments surrounding the meme coin‘s price gained additional weight. Crypto market traders and investors anticipate bolstered SHIB price trajectories due to the constant hits to the supply, mirroring the law of supply and demand.
Overall, the latest market stats have ushered in a remarkable bullish sentiment about the meme crypto’s future price aspects.
However, Shiba Inu coin’s price is currently down 1% from yesterday and trading at $0.00001446. Its intraday low and high were $0.00001408 and $0.00001561, respectively. Notably, the meme token is up nearly 13% over the week. The broader bullish action, coupled with recent burn metrics and price chart formations, further indicates that a rally is possible in the long term.
Meanwhile, another renowned market trader, Javon Marks, took the stage amid these bullish developments to project a bullish outlook for price. Javon conveyed that the token’s price is starting to return with signs of strength. A potential rally to the $0.000081 price target also awaits, per the analyst.
The post Shiba Inu Price Eyes 2x Gains As SHIB Burn Rate Shoots 60,000% appeared first on CoinGape.
The role of stablecoins is expanding beyond the crypto market and attracting attention from traditional financial institutions. Meanwhile, new regulations from Europe and the US could make stablecoins more useful in the real world.
However, these regulations also pose challenges for stablecoin issuers like Tether and Circle. Currently, Tether’s USDT and Circle’s USDC dominate the stablecoin market capitalization, but many experts believe this could change in the future.
A recent PitchBook report revealed that the top 10 stablecoins have a total market capitalization of approximately $220 billion—up from less than $120 billion two years ago. Tether alone accounts for about 65% of this total, while USDC holds another 25%.
The report also highlighted that fiat-backed stablecoins are the most common, making up around 95% of the total supply. However, Robert Le, a senior analyst at PitchBook, warned that such a high concentration carries risks.
“Another major risk is centralization, in which a single entity such as Tether or Circle controls the minting and burning of tokens, raising concerns about decision-making and conflict of interest. An issuer might halt redemptions or freeze funds under regulator pressure, hurting legitimate holders,” PitchBook Analyst Robert Le commented.
Legal risks are also becoming more evident as US regulators draft specific rules for stablecoins. Several bills, including FIT21, GENIUS, and STABLE, are currently under discussion.
The US is expected to introduce stablecoin-specific legislation next year. This would legalize stablecoins but impose stricter requirements on issuers, such as higher reserve standards, mandatory audits, and increased transparency. Meanwhile, the EU’s MiCA regulations require stablecoins to meet banking-like standards. In response, Tether has opted out of the European market to avoid MiCA compliance.
A report from Ark Invest stated that in 2024, the total annual transaction volume of stablecoins reached $15.6 trillion—equivalent to 119% of Visa’s volume and 200% of Mastercard’s. Despite this, the number of stablecoin transactions remains relatively low at 110 million per month, only 0.41% of Visa’s and 0.72% of Mastercard’s.
This suggests that the average stablecoin transaction value is significantly higher than those of Visa and Mastercard.
Due to this growing demand, traditional financial institutions are racing to develop their own stablecoins.
Major banks like BBVA and Standard Chartered are considering launching their own stablecoins. PayPal has already introduced PYUSD, while Visa is developing the Visa Tokenized Asset Platform (VTAP) to help banks issue stablecoins. Notably, Bank of America (BoA) recently committed to launching a stablecoin if new US regulations permit.
Meanwhile, investment giants such as BlackRock, Franklin Templeton, and Fidelity are offering tokenized money market funds. These funds function similarly to stablecoins and could directly compete with USDC and USDT.
“We further expect that every major financial platform or fintech app will seek to launch its own stablecoin, hoping to lock users into seamless payment ecosystems. However, we believe only a handful of trusted issuers—those with regulatory greenlights, recognized brands, and proven technological reliability—will ultimately capture the majority of market share.” – PitchBook predicted.
The post Tether and Circle Face Rising Competition as Major Banks Eye Stablecoin Launches appeared first on BeInCrypto.