Ripple (XRP) News Today August 5th
Developments surrounding the case against the SEC, the advancement of RLUSD, and enhanced XRP price volatility – check out some of the latest news associated with Ripple and its native cryptocurrency. The Ripple/SEC Case Remains Ongoing The legal tussle between Ripple and the US Securities and Exchange Commission (SEC),...
Read More
Coinbase Stock Slips After $2 Billion Debt Offering—What It Means For Investors And The Crypto Giant’s Next Move
Coinbase Global (NASDAQ:COIN) stock dropped on Tuesday after it announced plans to offer $2 billion in convertible senior notes—$1 billion due in 2029 and $1 billion in 2032—through a private placement to qualified institutional buyers under Rule 144A. If initial purchasers exercise their options, the company may offer up...
Read More
MEI Pharma Chooses Not Bitcoin, Not Ethereum, But Litecoin As Treasury Asset
San Diego-based MEI Pharma (NASDAQ:MEIP) has acquired 929,548 Litecoin (CRYPTO: LTC) tokens, becoming the first U.S.-listed public company to adopt Litecoin as its primary treasury reserve asset. What Happened: The acquisition, valued at approximately $110.4 million as of Aug. 4, marks the launch of a $100 million institutional treasury...
Read More
Litecoin price hits ceiling at $130, key support now in focus
Litecoin surged 9.66% in an impressive breakout but has since faced rejection at a key high time frame resistance. The move now sets up a potential range-bound structure between support and resistance. Following its recent rally, Litecoin (LTC) has hit…...
Read More
Galaxy Digital Slips 8% Post-Earnings as Investors Take Profits Following Big Run Higher
A modestly hot name since obtaining a U.S. listing on the Nasdaq a few months back, Galaxy Digital (GLXY) is seeing some selling after posting second quarter earnings on Tuesday morning. Global Markets revenue rose 28% quarter-over-quarter to $55.4 million despite a 22% decline in trading volumes, as Galaxy...
Read More
Worried About Timing the Bitcoin Market? A ‘Lookback Call’ Might Be the Answer
Imagine you’re a bitcoin (BTC) bull, confident prices will rally, but anticipating a pullback first. Like many people, however, you are not adept at perfectly timing such market entries and feel you may miss the optimal moment to load up on bullish exposure. For traders facing this common predicament,...
Read More
U.S. CFTC Considers Allowing Spot Crypto Trading on Registered Futures Exchanges
The U.S. Commodity Futures Trading Commission (CFTC) said it is looking to allow the trading of spot crypto contracts on registered exchanges and is seeking input from stakeholders as it looks to implement President Donald Trump’s crypto ambitions. The agency wants stakeholders to work with it to provide regulatory...
Read More
Retail XRP Holders Can Now Tap DeFi on Flare, No Seed Phrase Needed
Flare Network has introduced Luminite, a non-custodial, seedless wallet designed to make decentralized finance (DeFi) accessible to XRP (XRP) holders as part of a broader push to give smart contract functionality to assets that historically lacked it. “By removing complex barriers of entry, we’re enabling anyone – from first-time...
Read More
Solana’s Jito Proposes Routing 100% of Block Engine Fees to DAO Treasury
Jito Labs proposed a new governance proposal on Tuesday, called JIP-24, aimed at decentralizing the network further by routing all its Block Engine and Block Assembly Marketplace (BAM) fees directly to the Jito DAO treasury. If approved, the DAO would assume control over protocol revenue streams, directing them to...
Read More
FinCEN Warns Financial Institutions of Crypto Kiosk Scams
The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a notice urging financial institutions to watch for suspicious activity tied to crypto kiosks.d These convertible virtual currency (CVC) kiosks, which allow users to access and transact in cryptocurrency, offer consumers a simple way to buy crypto, the money...
Read More