The SEC’s crypto task force, led by Hester Peirce, is actively meeting with digital asset companies to create new regulations for the industry.
On April 24, the task force met with Ondo Finance and law firm Davis Polk & Wardwell. The discussion centered around the rules for tokenizing U.S. assets and how blockchain-based systems could comply with existing financial regulations.
The session was mainly focused on creating regulatory sandboxes or relief options that could encourage innovation within the existing compliance systems. This approach shows Ondo’s commitment to providing legally compliant institutional-grade tokenization solutions through blockchain.
After the news, Ondo’s token price jumped 7.5%, crossing $1 and reaching a $3 billion valuation for the first time since March 7. The token is currently showing strong upward momentum as it trades above $1.03 with a surge of over 17% in the past 24 hours.
Ondo Finance has previously donated $1 million to Donald Trump’s inauguration fund, and Davis Polk recently announced that it would represent Trump’s social media company, Truth Social, in launching crypto-linked ETFs.
Technical analysis shows that Ondo’s price could continue to rise in the coming weeks after it emerged from a consolidation phase. If the price manages to close above $0.98, it could rise 21%, targeting $1.18. While the support level is at $0.81 and the next target is at $1.09, a breakout could further push the price to $1.20.
Besides, analyst Dami-Defi said that ONDO has broken out of its descending re-accumulation pattern and is gearing up for a macro-scale rally. The first target is $1.88, and if the momentum continues, it could reach $3.50. Another analyst suggests that Ondo could follow the trends of global money supply (M2), and something big might be on the horizon for the token.
Avalanche (AVAX), a renowned blockchain platform, is currently trading at $24.81, reflecting a modest 8.7% daily increase. Known for its scalability and robust ecosystem, Avalanche continues to attract attention through innovative projects and partnerships. Despite recent market consolidation, AVAX is maintaining a strong foothold in the blockchain space.
While Avalanche proves its strength, Ruvi AI emerges as a game-changing blockchain project by seamlessly combining decentralization with artificial intelligence to revolutionize the industry.
Ruvi AI: A Revolutionary Step in Decentralized AI Technology
Ruvi AI is redefining the blockchain landscape with its decentralized AI superapp, aimed at delivering scalable and secure solutions. Its community-focused framework alongside strong fundamentals has positioned Ruvi as an enticing opportunity in the crypto market, particularly for investors seeking unparalleled innovation.
Ruvi Presale Success and Key Collaborations
Ruvi AI has quickly gained momentum, with Phase 1 of its presale selling out in just over two weeks, driving early investors to realize an impressive 50% gain. Currently priced at $0.015, Ruvi tokens provide a significant opportunity to capitalize on the upcoming phase, which is set to feature a 0.33% price increment.
Adding to its momentum, Ruvi has partnered with WEEX Exchange, a strategic move to enhance liquidity and global exposure. Industry experts predict Ruvi tokens could reach $1, further increasing the appeal of this promising venture.
Investor Opportunities with Ruvi AI
Ruvi’s structured VIP investment tiers offer remarkable potential, making it a standout project for maximizing returns through a tiered incentive model.
VIP Tier 1 ($510 investment with 20% bonus):
Total Tokens: 40,800 (34,000 base allocation + 6,800 bonus).
Value at $0.07:$2,856.
Value at $1:$40,800.
VIP Tier 3 ($2,100 investment with 60% bonus):
Total Tokens: 224,000 (140,000 base allocation + 84,000 bonus).
Value at $0.07:$15,680.
Value at $1:$224,000.
VIP Tier 5 ($9,600 investment with 100% bonus):
Total Tokens: 1,280,000 (640,000 base + 640,000 bonus).
Value at $0.07:$89,600.
Value at $1:$1,280,000.
Lucrative Rewards for High Contributors
To promote greater participation, Ruvi AI offers lucrative leaderboard rewards, further cementing its standing as an innovative project within the blockchain space:
Top 10 Contributors:500,000 bonus tokens, valued at $35,000 at $0.07 or $500,000 at $1.
Top 50 Contributors:250,000 bonus tokens, worth $17,500 at $0.07 or $250,000 at $1.
Top 100 Contributors:100,000 bonus tokens, equating to $7,000 at $0.07 or $100,000 at $1.
Your Pathway to Blockchain Success
Ruvi AI is steadily reshaping the blockchain and AI industries, offering major growth and investment opportunities. With its strategic collaboration with WEEX Exchange and a community-driven platform, Ruvi is set for significant breakthroughs in the decentralized ecosystem!
The post Avalanche (AVAX) Holds at $24.81, But Ruvi AI (RUVI) Ensures Its Investors Massive Gains And Sells Over 120M Tokens appeared first on Coinpedia Fintech News
Avalanche (AVAX), a renowned blockchain platform, is currently trading at $24.81, reflecting a modest 8.7% daily increase. Known for its scalability and robust ecosystem, Avalanche continues to attract attention through innovative projects and partnerships. Despite recent market consolidation, AVAX is maintaining a strong foothold in the blockchain space. While Avalanche proves its strength, Ruvi AI …
Donald Trump has followed through on his promises and signed an executive order to establish a Strategic Bitcoin Reserve and a separate US Digital Asset Stockpile.
While some industry figures have lauded the order, others remain skeptical. They argue that the initiative is little more than a rebranding of existing government holdings with no substantive new strategy.
Donald Trump Signs Order for Strategic Bitcoin Reserve
“Bitcoin, the original cryptocurrency, is referred to as “digital gold” because of its scarcity and security, having never been hacked. With a fixed supply of 21 million coins, there is a strategic advantage to being among the first nations to create a Strategic Bitcoin Reserve,” the order read.
Arkham Intelligence data shows that the US government holds 198,109 BTC in its public wallets, valued at $17.5 billion at current market prices.
Despite this substantial holding, David Sacks, the White House’s AI and Crypto Czar, noted that a comprehensive audit of the government’s digital assets has never been conducted. The new executive order mandates this accounting.
“Premature sales of Bitcoin have already cost US taxpayers over $17 billion in lost value. Now the federal government will have a strategy to maximize the value of its holdings,” he wrote.
Industry Experts Divided on Strategic Bitcoin Reserve
Jacob King, founder of WhaleWire, dismissed the recent attention around the reserve.
“In reality, this has existed for over a decade—they’re just slapping a fancy title on it to appease Bitcoiners,” he remarked.
King also pointed out that the reserve would not involve any new Bitcoin purchases. Therefore, he believes, this makes the move largely insignificant in the grand scheme of the market.
Peter Schiff, an outspoken critic of Bitcoin, also weighed in on the order. According to Schiff, the move was made under pressure from donors and conflicted cabinet members.
He described the order as a “bogus” attempt to capitalize on the Bitcoin the government already holds.
“If they seize any more Bitcoin they can keep that too. But they can’t buy any more, as buying by definition requires a payment,” Schiff posted.
Despite the criticisms, some industry leaders see the order as a significant step toward legitimizing Bitcoin on the world stage.
“The end game was never the US government buys all of the world’s Bitcoin,” Ryan Rasmussen, Head of Research at Bitwise, said.
Rasmussen explained that the move will likely prompt other countries to buy Bitcoin. He also expects it to pressure wealth managers, financial institutions, pensions, and endowments to adopt the cryptocurrency.
The reserve, Rasmussen said, will alleviate concerns about the US selling its holdings and may pave the way for future acquisitions. He added that the move increases the likelihood of US states adopting Bitcoin.
Matt Hougan, CIO at Bitwise, also concurred. He pointed out that the order could significantly reduce the likelihood of future Bitcoin bans. Hougan added that the reserve,
“Accelerates the speed at which other nations will consider establishing strategic bitcoin reserves, because it creates a short-term window for nations to front-run potential additional buying by the US.”
Analyst Nic Carter also praised the decision, calling it a successful fulfillment of a key campaign promise. He highlighted that Bitcoin had received official US government approval, a distinction not granted to other cryptocurrencies. Carter emphasized that using no taxpayer funds helped shield the initiative from backlash.
“Announcement couldn’t have gone better,” he claimed.
The signing of the executive order took place just one day before the White House Crypto Summit. Initially, it was anticipated that Trump would sign the Bitcoin reserve order at the summit, which had driven Bitcoin prices up. Nonetheless, the actual signing led to a dip in the cryptocurrency’s value.
After briefly regaining that level on March 5, Bitcoin dropped below $90,000 again. At press time, Bitcoin was trading at $87,469, marking a 4.5% decrease over the past 24 hours.
The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) is finally nearing an end. In a recent update, Ripple CEO Brad Garlinghouse announced that the company is officially dropping its cross-appeal against the SEC.
In a post on social media, Garlinghouse shared, “We’re closing this chapter once and for all, and focusing on what’s most important — building the Internet of Value. Lock in.” He also said that the SEC is expected to drop its appeal too, just as it had previously indicated.
Now, speculations are rising about whether the SEC might formally drop its appeal during a closed-door meeting scheduled for July 3, 2025.
Why July 3 Matters
According to the SEC’s official notice, a private meeting will be held on July 3 at 2:00 p.m. ET. The meeting is closed to the public and will cover various topics, including settlements, administrative proceedings, and litigation matters, which many in the crypto community believe could involve the Ripple case.
The meeting details were published under the Sunshine Act Notice, which lists the agenda as including the “resolution of litigation claims.” This has fueled rumors that the SEC might use this opportunity to officially vote on withdrawing its appeal.
What Legal Experts Say
Former SEC attorney Marc Fagel weighed in on the situation, clarifying that “there’s nothing further for Judge Torres to do. She already issued her final judgment a year ago, so once both parties have dismissed their appeals (which the SEC still needs to vote on), it will go into effect.”
Fagel explained that the only step left is for the SEC to hold a vote to drop its appeal, something that could very well happen during the July 3 meeting.
What’s Next for Ripple and XRP?
If the SEC drops its appeal, it would mark the official end of one of crypto’s longest and most closely watched legal battles. Ripple would finally be free to move ahead without the legal cloud hanging over it, and the XRP community is already beaming with excitement about what this could mean for the token’s future.
The post XRP vs SEC: Is July 3 the Date the Lawsuit Officially Ends? appeared first on Coinpedia Fintech News
The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) is finally nearing an end. In a recent update, Ripple CEO Brad Garlinghouse announced that the company is officially dropping its cross-appeal against the SEC. In a post on social media, Garlinghouse shared, “We’re closing this chapter once and for all, and …
