
April 18th, 2025
The ongoing legal battle between the SEC and Binance is part of the larger government effort to more closely regulate the crypto industry, which has continued to grow steadily.
Uniswap stated that the US SEC would be wasting “limited resources” by working on amending the definition of “exchange”. It added that the SEC’s proposed amendments have a broad scope with “no discernible limits” for the public.
Ripple’s regular sales of XRP typically result in a decrease in the token’s value.
The price action of Solana (SOL), the fifth-largest digital asset by market capitalization, jumped more than 7% in the past 24 hours after the news of the filing.
The SEC is yet to acknowledge the Solana ETF filings from both VanEck and 21Shares. ETF analyst Nate Geraci highlighted that when these acknowledgments finally come, the decision clock will begin to tick.
Grayscale has kept the distribution process of the ETH Trust shares pretty straightforward for all the existing ETHE shareholders. The ETHE shareholders won’t need to initiate any extra action to receive the ETH trust shares.
$28.86 million Ether shorts and $29.61 million ETH longs were liquidated in the past 24 hours.
Despite the positive inflow, volumes in exchange-traded products (ETPs) remained remarkably low, currently standing at around $7.9 billion as of last week.
The digital currency ecosystem remains tightly constrained by the US SEC.
In May alone, two separate dormant addresses, both inactive for over a decade, sent over $100 million worth of BTC in combined transactions.
The SEC dismissed Ripple’s reference to the Binance case as irrelevant, accusing Ripple of selectively citing the ruling to downplay its mistakes and argue against severe penalties.
Despite multiple meetings between the parties, the SEC has maintained that it does not represent Gensler in his personal capacity and has refused to provide the requested documents.
The recent Bitcoin price drop below $59K has increased overall fear of further crypto capitulation despite heightened calls for buy-the-dip.
Ripple referenced Judge Berman’s recent opinion on secondary market sales in the Binance case. Ripple argues that this opinion is pertinent to its opposition to the SEC’s motion for remedies in the ongoing lawsuit.
Hashdex submitted an application for the product on June 18, 2024, seeking to be the first to offer a combined spot Bitcoin and Ether ETF in the United States.