Eric Balchunas and James Seyffart have raised the likelihood of SEC approval for spot Ethereum ETFs from 25% to 75%.
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Coinbase Accuses SEC of Stifling Crypto Industry with Regulation-by-Enforcement Strategy
Coinbase has accused the U.S. Securities and Exchange Commission (SEC) of employing a regulation-by-enforcement strategy to deliberately stifle the cryptocurrency industry. In a May 31 filing with the U.S. Court of Appeals, Coinbase critiqued the SEC’s reluctance to establish clear and equitable regulations for the crypto sector, which they argue is intended to “choke” the industry’s growth. In the document, Coinbase expressed frustration with the SEC’s approach, stating, “The SEC is serious about the destruction of digital assets.” The filing highlighted the agency’s apparent disinterest in negotiating fair rules, noting that giving the SEC more opportunities to clarify its position
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Can Solana (SOL) Overcome Key Resistance and Ignite a Fresh Increase?
Solana declined again and tested the $160 support zone. SOL price is consolidating and might recover if it clears the $166 resistance zone. SOL price corrected lower and tested the $160 support zone against the US Dollar. The price is now trading below $168 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $165 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could clear the $166 resistance unless it fails to stay above $160. Solana Price Eyes Recovery Solana price remained in a short-term bearish zone like Bitcoin and Ethereum. SOL tested the $160 support zone and now consolidating losses. It is stuck below the $165 level. There was a minor move above the 23.6% Fib retracement level of the downward move from the $170 swing high to the $161.50 low. Solana price is now trading below $166 and the 100-hourly simple moving average. Immediate resistance is near the $165 level. There is also a connecting bearish trend line forming with resistance at $165 on the hourly chart of the SOL/USD pair. The next major resistance is near the $166 level. A successful close above the $166 resistance could set the pace for another major increase. The next key resistance is near $168 or the 61.8% Fib retracement level of the downward move from the $170 swing high to the $161.50 low. Any more gains might send the price toward the $172 level. More Losses in SOL? If SOL fails to rally above the $166 resistance, it could start another decline. Initial support on the downside is near the $162 level. The first major support is near the $160 level, below which the price could test $155. If there is a close below the $155 support, the price could decline toward the $150 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $162, and $160. Major Resistance Levels – $166, $168, and $172.
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XRP Price Struggle Continues: Will It Find Support?
XRP price extended losses below the $0.5120 support zone. It tested the $0.5080 zone and now attempting another recovery wave toward $0.5350. XRP is struggling to start a fresh increase above the $0.5250 resistance zone. The price is now trading below $0.5150 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $0.5180 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if the price stays below $0.5250. XRP Price Extends Losses XRP price remained in a short-term bearish zone like Bitcoin and Ethereum. The price struggled to start a recovery wave and extended losses below the $0.5220 support zone. It even declined below the $0.5120 support. A low was formed at $0.5080 and the price is now attempting a fresh recovery wave. There was a move above the $0.5120 level. The price climbed above the 23.6% Fib retracement level of the downward wave from the $0.5405 swing high to the $0.5080 low. However, the price is still trading below $0.520 and the 100-hourly Simple Moving Average. On the upside, the price is facing resistance near the $0.5180 level. There is also a key bearish trend line forming with resistance near $0.5180 on the hourly chart of the XRP/USD pair. The first key resistance is near $0.5250 or the 50% Fib retracement level of the downward wave from the $0.5405 swing high to the $0.5080 low. A close above the $0.5250 resistance zone could send the price higher. The next key resistance is near $0.5320. If there is a close above the $0.5320 resistance level, there could be a steady increase toward the $0.5450 resistance. Any more gains might send the price toward the $0.5650 resistance. More Downsides? If XRP fails to clear the $0.5180 resistance zone, it could continue to move down. Initial support on the downside is near the $0.5120 level. The next major support is at $0.5080. If there is a downside break and a close below the $0.5080 level, the price might accelerate lower. In the stated case, the price could decline and retest the $0.50 support in the near term. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $0.5120 and $0.5080. Major Resistance Levels – $0.5180 and $0.5250.
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Growing Concerns Over AI Among Australian Media and Creative Workers
According to a recent survey by the Media, Entertainment, and Arts Alliance (MEAA), over 50% of media and creative professionals in Australia are very worried about the growth of AI. The study involved almost 400 members and revealed that 56% of the participants are very concerned about AI, and 30% are somewhat concerned. A mere
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Pepe Loves Solana (PEPELSOL) to Explode 14,000% Ahead of KuCoin Listing, as Shiba Inu, Bonk and Dogecoin Lag
Early investors in memecoins like Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) made astronomical returns, and Pepe Loves Solana (PEPELSOL) presents a similar opportunity for a limited time. Pepe Loves Solana (PEPELSOL), a newly launched Solana memecoin, is poised to explode over 14,000% in a matter of days, as former Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) investors pour funds into this new token. PEPELSOL will be listed on KuCoin, one of the largest centralized exchanges in the world, within a few days – and this is a massively bullish development for the token, as millions of new
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Hong Kong Police Warn of Spike in Counterfeit Banknotes Used in Cryptocurrency Scams
Hong Kong police have issued a warning over the rise in counterfeit banknotes, with many cases linked to cryptocurrency scams. Between January and April, authorities seized 3,396 fake notes valued at HK$2.55 million (US$326,130), a significant increase from last year’s 553 notes worth HK$166,220. Three major cryptocurrency-related fraud cases led to the confiscation of 1,693
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BlockDAG Network Presale Goes Viral After Raising $39M; More On NEAR Protocol And Arbitrum
Cryptocurrencies have evolved from a specialized interest into a crucial component of the global finance system. The expanding acceptance and utilization of digital currencies are reshaping the financial landscape, captivating both institutional investors and everyday traders. This increased popularity has spurred innovation, prompting new projects and technologies. Among the many opportunities for investors, three names The post BlockDAG Network Presale Goes Viral After Raising $39M; More On NEAR Protocol And Arbitrum appeared first on Times Tabloid - Latest Cryptocurrency News, Bitcoin (BTC) News, Ethereum (ETH) News, Shiba Inu (SHIB) News, Ripple's XRP News .
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