Crypto News
Court Denies Ripple-SEC Push to End XRP Case—Judge Keeps Ruling Intact
A federal judge dealt a major setback in the high-stakes XRP case, rejecting Ripple’s deal with the SEC and enforcing the full penalty and legal restrictions. Judge Rejects Ripple-SEC Agreement, Upholding Full Penalty and Legal Restraints U.S. District Judge Analisa Torres ruled on June 26 that Ripple Labs cannot dissolve a court-imposed injunction or reduceSource link
Ripple Stuck With $125 Million Penalty as Judge Denies XRP Settlement With SEC
While the SEC has become more crypto friendly, a federal judge in Manhattan found that the law hasn't changed.Source link
AVAX Underperforms Broader Crypto Market as Short-Term ‘Double Top’ Pattern Emerges
Avalanche AVAX broke below critical $17.45 support level amid accelerated selling pressure, dropping 3.4% over 24 hours, according to CoinDesk Research’s technical analysis model.The move underperformed CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, memecoins and exchange coins — which has fallen 1.6% in the same period of time.Technical Analysis• AVAX experienced a significant downtrend over the last 24 hours, falling from $17.82 to $17.21, representing a 3.4% decline with a total range of $0.85 (4.76%).• Price action formed a short-term "double top" pattern near $18.02, with the subsequent rejection leading to accelerated selling on above-average volume.• Volume spiked to 710,723 units, indicating a potentially strong bearish conviction as key support at $17.45...
Hacker Drains $9.6 Million From DeFi Stablecoin Protocol Resupply
“Users should avoid reUSD vaults and withdraw funds if possible," one security expert told Decrypt.Source link
A16z Calls to Relaunch American Capitalism to Undermine the Chinese Threat
Matt Cronin, senior national security advisor at A16z (Andreessen Horowitz), proposes relaunching capitalism as a system by grouping government and industry to achieve common goals. Cronin states that this is the only way to battle China’s centralized order, which threatens the U.S. A16z Proposes New Purpose-Led, Industry-Aligned Capitalism to Beat China Industry giants believe thatSource link