Coindesk

The U.S. Securities and Exchange Commission (SEC) is undertaking a full-scale retreat from much of the major crypto litigation started under former Chair Gary Gensler, but not everyone is off the hook.At least four lawsuits against crypto companies — Ripple, Kraken, Cumberland DRW and Pulsechain — remain ongoing, and probes into another three firms — Unicoin, Crypto.com and Immutable — have not yet been closed.SEC Commissioner Hester Peirce, the leader of the agency’s newly-created Crypto Task Force, has already made good on her promise earlier this month to “disentangle” the SEC from various crypto-related litigation. The agency has agreed to drop its cases against Coinbase and ConsenSys, pending commissioner approval, and has put its cases against Binance and Tron on pause as the parties...

Crypto-equities have rebounded following Donald Trump’s crypto strategic reserve announcement. With just hours until the U.S. market opens, bitcoin (BTC) remains above $92,000, recovering from its recent drop to $78,000.As a result, crypto-related stocks have jumped after significant declines—Strategy (MSTR) rebounded 12% after dropping as much as 50% from its November high. Coinbase (COIN) and MARA (MARA) gained 10%, and IREN (IREN) rose 11%.Glassnode data shows that bitcoin also went above the Short-Term Holder Realized Price (STH RP) which is priced at $92,107, a key metric tracking the average on-chain cost for investors over the past 155 days. Historically, holding above this level signals a bullish continuation, though temporary dips occur, like in October 2023 and 2024, before further upside.Disclaimer:...

XRP is taking a bull breather a day after Donald Trump sounded plans for a strategic token reserve alongside bitcoin (BTC), ether (ETH), cardano (ADA) and solana (SOL).The payments-focused cryptocurrency rallied 25% within hours of Trump’s Truth Social post, reaching $3, but has since pulled back to $2.6 at press time. Prices have pulled back to the descending trendline from Jan. 16 highs.Among technical indicators, the relative strength index (RSI), which measures if price is moving too fast, rose to 70 late Sunday and has retraced to 48 from above-70 or overbought readings observed late Sunday, signaling potential for a renewed move higher.However, prices remain below the 50-hour SMA ($2.65), signaling weakness, while the broader 200-hour SMA ($2.50) supports that...

Metaplanet (3350) purchased 156 BTC for $13.4 million at $85,590 per bitcoin. As a result, Metaplanet has achieved a BTC yield of 31.8% year-to-date. As of March 3, Metaplanet now holds 2,391 BTC, for a total amount of $196.3 million, at an average price of $82,100 per bitcoin.Also, according to Simon Gerovich, CEO of Metaplanet, the company has been formally invited by the New York Stock Exchange (NYSE) and Nasdaq (Nasdaq) to introduce their platforms and functions."We are considering the best way to make Metaplanet shares more accessible to investors around the world," Gerovich said in an X post.Metaplanet is up approximately $21.3 million on its bitcoin strategy, while its shares are up 20% in Monday's market, with shares at...

Bitcoin's (BTC) spot price rose 9.5% from roughly $84,100 to over $94,000 on Sunday after President Donald Trump named BTC and four other coins – ETH, XRP, SOL and ADA – for U.S. strategic crypto reserve.That has led to a gap-up opening for the March futures listed on the CME, as shown by data source CME and charting platform TradingView. The contract opened at $95,000 early today, up $9,280 from Friday's high of $85,720.The gap represents a non-traded zone, indicating a price level where no transactions occurred between consecutive trading sessions. This absence of trading suggests an abrupt change in the market sentiment, which, in this case, is bullish following the past week's sell-off.Gaps are often filled as market participants...