Coinbase is back in the legal spotlight, but this time, it’s not the SEC knocking at the door. The Oregon Attorney General has filed a lawsuit against the crypto exchange, accusing it of offering and selling unregistered securities to users in the state.
The lawsuit claims that Coinbase offered and sold at least 31 tokens as unregistered securities, and that includes some big names like XRP, ADA, LINK, AAVE, MKR, and UNI.
Oregon Named 31 Tokens as “Crypto Securities”
In an ongoing lawsuit, Oregon state is suing Coinbase for violating state securities laws. The lawsuit claims Coinbase helped sell unregistered cryptocurrencies, making millions in fees while Oregonians lost money.
NEW: The Oregon AG suing @coinbase is claiming around 31 tokens (18 more than the SEC originally named) including $XRP, $LINK and $UNI were offered and sold as investment contracts. The lawsuit refers to them as “crypto securities.”
Oregon’s Attorney General, Dan Rayfield, said, “Coinbase gained trust from people in Oregon and then offered risky investments that weren’t fully checked. Because of this, people lost money, and we think Coinbase should be held responsible.”
Oregon specifically names 31 crypto tokens it believes were illegally offered as unregistered securities. These include popular tokens like ADA, SOL, XRP, LINK, AAVE, MATIC, UNI, and many more.
Although Oregon is going further than the U.S. SEC, which listed 18 tokens in its lawsuit.
Coinbase Responds
Paul Grewal, Coinbase’s Chief Legal Officer, fired back on X. He criticized Oregon’s Attorney General for filing the lawsuit on behalf of over 500,000 users, without their consent. He also said this lawsuit could hurt the entire crypto industry, not just Coinbase.
Oregon’s Case Impact On XRP
Even though Oregon’s lawsuit is only about state rules, it could affect the whole country.
One big thing in the case is XRP, the token from Ripple. Oregon’s Attorney General says XRP should be treated like a security, which means it would have to follow certain rules.
Ripple recently won against the SEC, but now Oregon is bringing the issue up again. They’re still arguing about whether XRP is a security or not.
The trade war between the US and China continues to remain in the spotlight, with President Donald Trump’s mixed signals on tariff negotiations adding to global uncertainty.
Despite some signs suggesting that China is easing tariffs on certain U.S. goods, Donald Trump has yet to offer clear indications of a breakthrough. This ongoing uncertainty has left investors questioning whether a major shift in US-China trade relations is on the horizon.
Donald Trump Brushes Off China Tariff Pause Intentions
Over the past week, reports have emerged that China is quietly rolling back tariffs on select US products, including semiconductors and pharmaceuticals. This move has been seen as an effort to reduce pressure on China’s tech sector.
China is also considering relief on medical gear and chemicals. However, this softer approach has been countered by President Donald Trump’s recent statements. He claimed that the US is in ongoing talks with China, even stating that Chinese President Xi Jinping called him directly. These assertions were quickly denied by Beijing.
A Chinese foreign ministry spokesperson firmly stated, “China and the US are NOT having any consultation or negotiation on #tariffs.” The spokesperson went on to urge the US to stop “creating confusion.” Despite this, Donald Trump later mentioned he would consider removing tariffs on China, but only if Beijing offers something substantial in return. This back-and-forth leaves many wondering about the true state of negotiations and the broader consequences for global trade.
Effect of Tariff News on Crypto Market
The mixed signals from both sides are adding to the ongoing instability in the global economy. Tariffs have already significantly affected trade between the US and China, with the US imposing a 145% tariff on Chinese goods and China retaliating with a 125% tariff on U.S. imports. These actions have escalated the trade conflict, causing uncertainty for businesses and consumers alike.
Meanwhile, the crypto market has seen a significant rally despite the ongoing tariff tensions leading to speculations the bullish momentum maybe a fake rally leading up to a crypto crash. Cryptocurrencies, such as Bitcoin, have gained substantial value amid concerns about global trade disruptions.
Bitcoin price reached $95,000 on Friday, its highest level in 60 days. The crypto market’s surge has been linked to investors turning to digital assets as a safe haven, similar to how gold is traditionally viewed during times of economic uncertainty. However, with the BTC price recently hitting $95,300, crypto analysts Data Dash has highlighted that a potential correction to $60K.
Some predict that if Bitcoin breaks through this resistance, it could target new highs, possibly even reaching the $126,000 range. However, there are signs of bearish divergence, with the yearly open proving tough to breach leading to a potential price pullback according to crypto analyst Ali Charts.
Will Ethereum Price Breach $2K Resistance?
Ethereum is also following a similar path according to crypto analysts CrediBULL Crypto. Currently, the price of ETH is facing resistance around the $1,800 mark. If it can break through this level, it may see a rally toward the $2,000 range in the near term. On the other hand, if the price fails to hold above the $1,800 level, ETH could face a decline, potentially dropping to the $1,500 support levels.
Concurrently, other top altcoins have been performing well too with the XRP, Cardano (ADA), Solana (SOL), Dogecoin (DOGE) and Sui (SUI) soaring over 6%, 14%, 13%, 15% and 66% in the last week respectively. Moreover, according to analysts Michael van de Poppe the altcoins are just starting to rally with a pattern showing a big reversal looming which may set these cryptos up for a bullish rally.
MEXC, in a big move to bolster the security of its platform, has joined forces with Hacken, a prominent blockchain security firm which has worked with major exchanges, DeFi projects, and blockchain firms, including Binance, CoinGecko, Avalanche, and now MEXC.
This comes after Crypto Exchange security has emerged as a critical point of safety for users’ digital assets following the $1.5 billion Bybit Heist that has shocked the industry.
As part of the collaboration, MEXC’S partnership with Hacken will work towards providing a safer trading environment for its users amid rising cybersecurity threats in the crypto industry.
After MEXC announced the partnership, its native token, MX, witnessed slight increase of 0.01% and is currently trading at $3.12. Though the immediate impact on MX token price is modest, strengthened security measures may lead to increased user confidence over time, potentially enhancing the token’s value and utility within the MEXC ecosystem.
How can this new partnership with Hacken strengthen Security
Hacken is a renowned name in the blockchain security sector, offering a suite of cybersecurity solutions tailored for Web3 businesses. With a strong track record in auditing smart contracts and identifying vulnerabilities in blockchain protocols, Hacken has established itself as a trusted security partner for numerous crypto projects.
Hacken conducts penetration testing (ethical hacking) for crypto exchanges, DeFi platforms, and Web3 applications. This process involves simulating cyberattacks to identify and fix potential security weaknesses.
It also provides in-depth risk assessments of blockchain networks and protocols. It evaluates consensus mechanisms, governance models, and transaction processing to ensure their resilience against threats.
WEB3 Firms availing Hacken’s Security Services
Implications for MEXC’s Security
The partnership with Hacken is designed to reinforce MEXC’s security infrastructure through cutting-edge blockchain security solutions, including smart contract audits, penetration testing, and continuous risk assessment.
Hacken will conduct a comprehensive security assessment to ensure that MEXC’s trading platform’s infrastructure remains protected from vulnerabilities and cyber threats.
The assessment will focus on various critical areas, by helping MEXC in identifying and addressing vulnerabilities across web applications, mobile apps, and APIs. Hacken will also assess encryption measures to prevent data leakage on MEXC’s trading platform, while safeguarding session management to prevent hijacking and fixation attacks. It will further work in verifying that user inputs are sanitized to prevent injection attacks.
Notably, in July 2021, KuCoin engaged Hacken for an in-depth security assessment to bolster its cybersecurity framework. Further, it has also worked with top-tier exchanges such as Binance, OKX, among others.
By leveraging Hacken’s expertise, MEXC aims to proactively identify and mitigate potential vulnerabilities, ensuring that its platform remains resilient against cyber threats.
Exciting news! #MEXC is partnering with @hackenclub to boost platform security!
With #Hacken’s expertise, we’re enhancing asset protection, ensuring a safer trading experience for all.
MEXC implements multi-layered protection measures such as cold storage for assets, two-factor authentication (2FA), and real-time monitoring for suspicious activities. The integration of Hacken’s security services will further solidify these defenses, reducing the likelihood of breaches and unauthorized access.
By undergoing rigorous security audits and assessments, the exchange is aiming to provide traders and investors with confidence in the integrity of its platform.
The cryptocurrency industry has been facing an increasing number of cyberattacks, with hackers targeting exchanges, DeFi protocols, and wallets. High-profile breaches have resulted in the loss of millions of dollars, highlighting the urgent need for robust security measures.
As cyber threats become more sophisticated, partnerships like this one will be essential in fortifying the crypto industry against potential attacks.
Thus, the partnership between MEXC and Hacken comes as a testament to the growing emphasis on security in the cryptocurrency space. As the industry continues to evolve, security will remain a top priority for exchanges looking to maintain user trust and safeguard digital assets. With this collaboration, MEXC is setting a benchmark for security standards, ensuring that its users can trade with confidence in a secure environment.
XRP price holds at $2.08 as Trump eyes Powell’s removal; traders brace for volatility while Bitcoin eyes $110K breakout.
XRP Price Stagnates at $2.08 as Trump–Fed Sparks Bitcoin Predictions
Ripple’s XRP is trading at $2.08, hovering just above key support, as crypto markets weigh the geopolitical fallout from a potential shake-up at the U.S. Federal Reserve.
According to Reuters, White House economic adviser Kevin Hassett has confirmed that President Donald Trump is actively considering the removal of Fed Chair Jerome Powell, a development that could destabilize traditional financial markets while sending Bitcoin surging past $110,000.
The political implications are profound. Firing the Fed chair would challenge the independence of the central bank, undermining global confidence in U.S. monetary policy and spurring volatility across risk assets.
Yet. this could ignite a bullish breakout for crypto. Bitcoin’s narrative as a non-sovereign hedge would gain momentum, propelling mega-cap altcoins like XRP into a breakout rally.
If Bitcoin does breach the $110,000 level in response to this political shock, XRP is likely to post a 30% to 40% rally, targeting:
$2.21–$2.22 (EMA confluence)
$2.30 (major liquidation zone)
$2.45 (next resistance level)
A confirmed BTC breakout above $110K would likely catalyze a Ripple price rally toward $2.75, with a final upside projection at $3.10, assuming elevated risk appetite and sustained altcoin rotation.
Derivatives Markets Show Bearish Bias From Strategic Investors
Despite the potentially bullish setup, XRP derivatives data paints a more cautious picture. While retail sentiment appears optimistic, strategic players are hedging or even scaling back exposure amid rising macro uncertainty.
Over the last 24 hours:
XRP derivatives volume dropped -23.42% to $2.97 billion, signaling that traders are stepping aside.
Open interest dipped -0.42%, hinting at reduced conviction.
Options volume collapsed -61.64%, suggesting institutions are retreating from volatility-heavy positions.
In contrast, options open interest climbed +31.16%, a sign that traders are buying protection, likely bracing for volatility rather than betting on upside.
The 24-hour long/short ratio stands at 0.9826, indicating a near-even split between bullish and bearish bets—an uncommon dynamic during genuine bull trends.
Ripple (XRP) Derivatives Trading Data | Source: Coinglass
A closer look at major exchanges reveals the divergence between retail and institutional sentiment:
On Binance, the XRP/USDT long/short ratio currently trends at 2.076, while on OKX, the ratio stands at 1.66—both indicating that retail traders remain decisively net-long on XRP.
However, when analyzing top trader behavior on Binance, a more cautious tone emerges. The long/short ratio by accounts is 1.9334, while the ratio by positions drops to 1.2435, suggesting that larger investors p are taking a more defensive stance, potentially cutting down on leverage exposure in anticipation of volatility.
Meanwhile, liquidation metrics further highlight the weakening of bullish momentum. In the past 24 hours, long positions absorbed $432.340 in liquidations, compared to just $312,330 on the short side—a sign that optimistic bets are being unwound more aggressively.
Across all major timeframes—1h, 4h, 12h, and 24h—shorts have consistently endured less liquidation pain than longs, further reinforcing the narrative that bearish positions are either better timed or quietly building strength for a major price downswing
Conclusion
While the political drama around Powell’s potential removal could supercharge the crypto narrative—sending Bitcoin toward $110K and XRP to $3.10—institutional traders are not buying in blindly.
Derivatives markets reflect anxiety, risk hedging, and early positioning for volatility. The bullish path for XRP remains viable if prices remain above $2—but macro instability could make traders hesitant to enter new positions.
NEW: The Oregon AG suing @coinbase is claiming around 31 tokens (18 more than the SEC originally named) including $XRP, $LINK and $UNI were offered and sold as investment contracts. The lawsuit refers to them as “crypto securities.”
Exciting news! 
