Crypto News
SEC Drops OpenSea Investigation Easing Pressure on NFT Market
The U.S. Securities and Exchange Commission (SEC) is closing its investigation into major non-fungible token marketplace OpenSea, the platform’s founder and CEO Devin Finzer said on social media.The regulator issued a Wells notice against OpenSea in August 2024, indicating it was planning on pursuing an enforcement action against it. The regulator alleged the platform may have been operating as an unregistered securities marketplace.
The SEC’s move comes as the regulator is slated to vote on a deal negotiated with Coinbase to drop its lawsuit against the exchange, which is seen as a boon for the cryptocurrency industry and NFT creators.“This is a win for everyone who is creating and building in our space. Trying to classify NFTs as securities would have...
Bybit Offers Bounty After $1.4 Billion in Ethereum Swiped in Biggest Crypto Hack Ever
Crypto exchange Bybit is offering up to $140 million for help recovering the $1.4 billion in Ethereum swiped in Friday's exchange hack.Source link
XRP Price Analysis: Crypto Traders Brace for a Wild Ride as XRP Approaches Critical Levels
XRP presently hovers at $2.58 per token, boasting a $149 billion market valuation and $4.66 billion in daily trading activity. Over the past 24 hours, its value has oscillated between $2.52 and $2.69, lingering 24.1% beneath its historic peak as market participants navigate a phase of technical ambivalence and sideways momentum. XRP XRP’s hourly chartSource link
OpenSea Says SEC Will End Investigation Into Ethereum NFT Marketplace
OpenSea CEO Devin Finzer said late Friday that the SEC is ending its investigation, as the regulator shifts course under President Trump.Source link
Ether Supply Squeeze? Bybit Hacker Emerges as World’s 14th-Largest ETH Holder
The Bybit hacker, supposedly a North Korean entity, is now one of the world's largest ether holders, which may have bullish implications for the cryptocurrency's spot price.According to data from Arkham Intelligence and Coinbase executive Connor Grogan, this malicious actor holds 489,000 ETH, valued at approximately $1.34 billion, constituting about 0.4% of ether's total supply, making it the 14th-largest Ether holder globally. That puts the hacker ahead of the Ethereum Foundation, Ethereum's CEO Vitalik Buterin and Fidelity. It's important to note that the addresses linked to this entity are being closely monitored and backlisted by exchanges, which means the hacker will likely struggle to offload these coins in the market.In simpler terms, the hacked ether supply is likely lost permanently....