A sideways Bitcoin price could lead to breakouts in ETH, XRP, LDO and RNDR

    If BTC price consolidates in the $25,000 range, ETH, XRP, LDO and RNDR could be the first altcoins to break out with recovery rallies. Altcoin prices crumbled after the United States Securities and Exchange Commission announced lawsuits against Binance and Coinbase at the start of the week. Apart from the action against the two biggest…

    SEC charges against Binance and Coinbase are terrible for DeFi

    The SEC’s charges against Binance and Coinbase could have far-reaching consequences for decentralized finance. The allegations against Binance and Coinbase by the U.S. Securities and Exchange Commission have substantial ramifications for the decentralized finance (DeFi) ecosystem, and they are far from positive. DeFi has developed as a promising area within the crypto industry, aiming to disrupt established…

    Security or not, Ether looks poised to hold the $1.8K level based on 3 key metrics

    Ether could eventually run afoul of the SEC, but at the moment, key data points suggest ETH is poised to hold the $1,800 level. Ether’s price retested $1,780 after the news of the United States Securities and Exchange Commission (SEC) suing cryptocurrency exchanges Binance and Coinbase, but it’s not preposterous to suggest that Ether bulls…

    SEC lawsuits squeeze net worths of Coinbase and Binance CEOs

    Brian Armstrong and CZ have seen respective net worth losses of 11.8% and 5.1% since the SEC sued Coinbase and Binance. The net worths of Coinbase CEO Brian Armstrong and Binance CEO Changpeng Zhao (CZ) have suffered heavy blows due to recent lawsuits by the United States securities regulator. Armstrong’s net worth was slashed by…

    Optimism successfully completes ‘Bedrock’ hard fork, reducing deposit times, layer-1 fees

    The upgrade is part of a series of reforms meant to increase modularity in the OP Stack, allowing developers to spin up their own networks using the software. The Optimism network concluded its “Bedrock” upgrade on June 7, reducing deposit times, lowering layer-1 fees and enacting additional security features, according to an announcement from network…

    SEC crackdown on Binance and Coinbase surge DeFi trading volumes 444%

    Total daily trading volumes on decentralized exchanges have surged by nearly $800 million over the past two days. The median trading volume across the top three decentralized exchanges (DEX) jumped 444% in the past 48 hours as crypto investors reeled from the United States securities regulator’s recent legal actions against cryptocurrency exchanges Coinbase and Binance….