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SEC Cuts Major Crypto Cases, But Ripple & Kraken Still Under Investigation

Today's Market Overview, News and more.

šŸ”„Heat Map:

šŸŒ Daily Crypto Market Overview

Global Stats:

  • Cryptocurrencies: 33,900+

  • Exchanges: 797

  • Market Cap: $2.75T (-10.87%)

  • 24h Volume: $184.87B (-0.55%)

  • Bitcoin Dominance: 60.7%

  • Ethereum Dominance: 9.1%

  • ETH Gas Price: 1.71 Gwei

  • Fear & Greed Index: 24 (Extreme Fear)

šŸŖ™ Top 5 Cryptocurrencies by Market Cap:

Name

Price

24h Change

Market Cap

24h Volume

Bitcoin (BTC)

$83,835.49

-9.49%

$1.66T

$75.18B

Ethereum (ETH)

$2,058.75

-15.41%

$248.26B

$35.25B

Tether (USDT)

$0.9993

-0.04%

$142.41B

$144.56B

BNB (BNB)

$557.50

-8.77%

$79.43B

$2.20B

Solana (SOL)

$135.95

-19.59%

$69.05B

$9.47B

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šŸš€ Trending on DexScan:

  1. STAR10/WBNB ā€“ $0.1709 (+4.31%)

  2. WEL/WETH ā€“ $0.02098 (+23.11%)

  3. PIRATE/BTCB ā€“ $0.02079 (+3.22%)

  4. HEX/WETH ā€“ $0.002719 (+19.98%)

  5. WOLF/WETH ā€“ $0.00003707 (+25.83%)

šŸ’¹ Market Highlights:

  • Total DeFi Volume: $10.26B (5.55% of total market volume)

  • Stablecoins Volume: $172.13B (93.11% of total market volume)

  • Coin with Highest % Change: LAYER (+18.65%)

šŸ“ˆ Preview On Todayā€™s News:

  1. - SEC Cuts Major Crypto Cases, But Ripple & Kraken Still Under Investigation

  2. - Tetherā€™s CFO Shake-Up: A Push for Greater USDT Transparency 

  3. - El Salvador Expands Bitcoin Holdings Despite Regulatory Pressures 

Keep reading below for more!

Have you heard of Chain of Thought?

Todayā€™s News:

1)

SEC Cuts Major Crypto Cases, But Ripple & Kraken Still Under Investigation

The U.S. Securities and Exchange Commission (SEC) is reportedly easing its aggressive enforcement on crypto lawsuits, signaling a shift away from broad regulatory crackdowns. Under Commissioner Hester Peirceā€™s guidance, the SECā€™s Crypto Task Force is moving toward clearer regulatory frameworks instead of relying solely on enforcement actions. However, key lawsuits against Ripple, Kraken, Cumberland DRW, and PulseChain remain active, indicating the SEC is still pursuing cases it deems critical. This recalibration suggests a more structured approach to crypto oversight while maintaining scrutiny on major industry players.

  • The SEC is dialing back on crypto lawsuits, potentially signaling a shift toward clearer regulations instead of broad enforcement crackdowns.

  • Major cases against Ripple, Kraken, and others remain active, highlighting that while enforcement is softening, regulatory scrutiny on key players continues.

2)

Tetherā€™s CFO Shake-Up: A Push for Greater USDT Transparency 

Tether, the issuer of the world's largest stablecoin, USDT, has appointed Simon McWilliams as its new Chief Financial Officer, signaling a strong commitment to financial transparency and regulatory compliance. With over two decades of experience in investment management audits, McWilliams is expected to spearhead efforts toward a long-awaited full financial audit, addressing concerns about USDTā€™s reserve backing. His appointment comes at a critical time as global regulators intensify scrutiny on stablecoins, making transparency and operational integrity more crucial than ever.

  • Tether has appointed Simon McWilliams as CFO to strengthen financial transparency, compliance, and market trust in USDT.

  • McWilliamsā€™ experience in investment audits aligns with Tetherā€™s goal of completing a long-awaited full financial audit, a move that could enhance confidence in the stablecoin sector.

3)

El Salvador Expands Bitcoin Holdings Despite Regulatory Pressures 

El Salvador has reinforced its commitment to Bitcoin with the recent purchase of five more BTC, bringing its total holdings to 6,100.18 BTC, valued at approximately $509 million. This move signals the nationā€™s continued confidence in Bitcoin as a financial tool, despite ongoing scrutiny from the International Monetary Fund (IMF) and evolving global crypto regulations. The countryā€™s Bitcoin strategy, championed by President Nayib Bukele, aims to promote financial inclusion and economic growth while navigating increased oversight and compliance measures. El Salvadorā€™s bold approach has sparked international discussions on Bitcoin adoption, with other nations observing its impact on financial stability and regulatory challenges.

  • El Salvador has increased its Bitcoin holdings to 6,100.18 BTC, worth about $509 million, reaffirming its long-term vision for Bitcoin despite IMF concerns.

  • The country continues to balance innovation and regulatory scrutiny, influencing global perspectives on national Bitcoin adoption and financial policies.

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Disclaimer

This newsletter (Hodl Topic, hodltopic.com) is based on our data and opinions, provided solely for informational purposes. It does not constitute financial advice. Cryptocurrency investments involve significant risks, so itā€™s essential to conduct thorough research and consult a qualified financial advisor before making any investment decisions. We are not liable for any financial gains or losses resulting from the use of this information.