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Pro-crypto lawyer John Deaton has commented on speculations of an existing tribalism in the crypto community, especially among Ethereum and XRP holders. Deaton opted against picking a side and revealed how the ultimate winner will emerge. Deaton On The Tribalism Involving Ethereum and XRP In an X post, the crypto lawyer remarked that tribalism is
The post Ethereum vs. XRP Tribalism? John Deaton Says the Market Will Decide appeared first on CoinGape.
After a strong 26% gain over the past week, Pudgy Penguins (PENGU) is now hovering just below a crucial resistance level.
While much of the altcoin market cools down, PENGU price looks poised to break out. Only if it can push past one key wall. A deeper look at bullish strength, liquidations, and price charts shows the token might still have room to run.
Even though PENGU dropped around 2% in the past 24 hours, the bulls still seem to be holding the reins. The Bull-Bear Power (BBP) index, which compares recent highs and lows to measure market strength, is currently flashing green, at around 0.0148. This level suggests buyers still have the upper hand, despite a short-term dip.
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In simple terms, when BBP is positive, bulls are stronger than bears. And Pengu’s BBP has remained above zero since late June, even as prices hovered below key resistance. That steady strength could be a sign that any dip is just part of a cooldown before another leg up.
If BBP stays positive while price climbs past resistance, it might confirm that PENGU still has momentum. But if BBP flips negative, it could warn of a deeper pullback ahead.
PENGU is currently trading around $0.036. The 7-day liquidation map shows cumulative short liquidation leverage building up to $10.46 million versus $10.18 million for longs; a slight bias toward short positions. Do note that there isn’t much to choose between Longs and Shorts, and a price push in either direction can decide the next leg for PENGU.
However, as bulls are in power and that too by a sizable margin, as established by the BBP index, the price action could impact the short positions more than the long.
If the price crosses $0.039, led by bulls breaking key resistance level, and even nears $0.042, a major liquidation cluster of shorts gets triggered. That would reduce downward pressure and potentially propel the PENGU price to the next key price level.
The liquidation map shows a build-up of short positions; if PENGU’s price moves up fast, those betting against it may be forced to buy back, pushing the price even higher.
Technically, the PENGU price has tested the 0.382 Fibonacci level near $0.039 twice and failed to break above cleanly. It now trades just under that resistance. Do note that besides the Fib extension resistance, a key resistance of $0.037 also exists.
The chart uses the Trend-based Fibonacci extension tool. It connects the swing low of $0.0077 to the last swing high of $0.035 and then to the immediately retraced price level of $0.028. This tool helps chart the next price targets for a coin/token in an uptrend.
If PENGU price manages a clean breakout above $0.037, $0.039, and then $0.042 (the 0.5 Fib zone), it opens the path to $0.045 first, a 25% surge. If that breaks, the next key resistance point, or rather target, would be $0.050, the 0.786 Fibonacci level. That would be a 38% rally from current prices around $0.036.
Validation for this move comes from declining bear power, building short positions, and strong chart structure. The bullish trend would get invalidated if PENGU breaks the $0.035 resistance-turned-support. Or if it continues to drop to touch the retracement zone of the Fibonacci extension: the $0.028 mark.
The post PENGU Could Rally 38% if One Key Price Resistance Breaks appeared first on BeInCrypto.
The post Kraken Rolls Out Commission-Free Stocks and Crypto Trading in A Major Expansion appeared first on Coinpedia Fintech News
Crypto Exchange Kraken has started rolling out commission-free trading for over 11,000 US listed stocks and ETFs. The service is now available for users in New Jersey, Connecticut, Wyoming, Oklahoma, Idaho, Iowa, Rhode Island, Kentucky, Alabama and the District of Columbia, who can trade stocks and ETFs directly within their Kraken account.
Kraken users can now manage stocks, crypto, cash and stablecoins all at one place through the Kraken mobile app, Kraken Pro app or web platform. Besides, the platform also supports fractional trading on many assets which enables users to buy just a fraction of expensive stocks, instead of buying a whole share, which makes investing more easier and affordable for users.
Nate Geraci, the President of ETF Store took to X to share the update with his followers.
The move marks a major step into traditional finance (TradFi) as Kraken expands beyond crypto for the first time. It now allows clients to easily buy stocks with US dollars. Kraken now lets users reinvest instantly, trade fractional shares, and manage stocks and crypto in one place.
This move is powered by its new regulated division, Kraken Securities LLC, which is a new FINRA-regulated division of the company, making it easy to switch between crypto and stocks, all in one platform.
“Crypto isn’t just evolving, it’s becoming the backbone for trading across asset classes, such as equities, commodities, and currencies. As demand for 24/7 global access grows, clients want a seamless, all-in-one trading experience,” Arjun Sethi, Kraken’s co-CEO remarked.
He added further that expanding into equities is a natural next step which brings them close to turning real-world assets into tokens on the blockchain. He believes that the future of trading will be ‘borderless’, 24/7, and based on crypto technology, where Kraken aims to lead the way.
Moving further, Kraken also plans to expand traditional securities trading to the UK, Europe and Australia, while also introducing new features to enhance user’s trading experience.
Recently, Kraken and Mastercard joined forces to make spending crypto easier in the EU. Now, users can pay with Bitcoin and other coins at over 150 million places at Mastercard-suppoted locations. This is a big step towards using crypto for everyday purchases.
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
The post Kraken Rolls Out Commission-Free Stocks and Crypto Trading in A Major Expansion appeared first on Coinpedia Fintech News
Crypto Exchange Kraken has started rolling out commission-free trading for over 11,000 US listed stocks and ETFs. The service is now available for users in New Jersey, Connecticut, Wyoming, Oklahoma, Idaho, Iowa, Rhode Island, Kentucky, Alabama and the District of Columbia, who can trade stocks and ETFs directly within their Kraken account. Seamless Trading of …
The post XRP vs SEC: Legal Expert Says Ripple Is Delaying The Lawsuit appeared first on Coinpedia Fintech News
The Ripple vs. SEC case has been keeping the crypto community on edge lately. Frustrated XRP supporters are blaming the SEC for the delay. However, a legal expert has clarified some important details of the case.
According to attorney Bill Morgan, it’s actually Ripple that is causing the delay. In a recent post, the expert explained that Ripple wants the court to remove the injunction on how it can sell XRP. Surprisingly, the SEC is cooperating and even helping with the process.
While many expected a quick settlement months ago, the case has been held up because Ripple is focused on getting those restrictions lifted first.
One user asked Morgan if dissolving the injunction is necessary for Ripple to move forward. Morgan said, “Ripple needs it, not the XRP investors,” making it clear that the move primarily benefits Ripple’s ability to sell XRP to institutions.
Another question was raised: Can the judge remove the injunction but still keep the fine? The attorney confirmed that the judge has the authority to do that.
The community is frustrated over the ongoing delays in the Ripple vs SEC case. The next update in the Ripple vs. SEC case is set for August 15, 2025. But former SEC official Marc Fagel said that date is not a deadline, and the case is not delayed until then. He explained that the judge could decide on the pending motion at any time, whether in a few hours, days, or even weeks.
In an earlier tweet, Fagel also clarified that Judge Torres had already ruled against Ripple last year, issuing a $125M fine and a permanent injunction. The case continues only because both Ripple and the SEC appealed and are now seeking changes, which is something that is on them, and not the judge.
According to Morgan, a decision could come sooner. Any further delay could trigger new appeals and slow down the settlement talks.
Both parties have signed the deal, paused their appeals, and filed the necessary motions. Now, everything hinges on Judge Torres issuing a ruling. Once approved, Ripple will pay a $50M fine, the injunction will be lifted, and both appeals will be dropped.
The post XRP vs SEC: Legal Expert Says Ripple Is Delaying The Lawsuit appeared first on Coinpedia Fintech News
The Ripple vs. SEC case has been keeping the crypto community on edge lately. Frustrated XRP supporters are blaming the SEC for the delay. However, a legal expert has clarified some important details of the case. Who Is Behind the Delay? According to attorney Bill Morgan, it’s actually Ripple that is causing the delay. In …