Harga XX

Coin: OMNI Position: Long 5-20X Exchange: Binance, and Bitget. Entry: 1. $5.07 2. $4.81 Targets: 1. $5.15 2. $5.20 3. $5.25 Stop Loss: $4.60

The long-drawn-out case between the US Securities and Exchange Commission (SEC) and Ripple appears to be nearing a resolution as an ex-SEC official suggests that the case will be dismissed promptly under “highly favorable terms”. John Reed Stark, who previously worked as the director of the SEC Internet Enforcement Office for 18 years, shared these insights in a Tuesday post on the X social media platform, highlighting changes in the SEC’s wider approach to crypto enforcement. Ripple vs. SEC Lawsuit Potential Resolution Prospects The SEC lawsuits against several high-profile will be ground to a screeching halt as the regulatory agency’s newly established Crypto Task Force seeks to resolve previous enforcement actions against the companies. In his lengthy post, John Reed Stark noted that the SEC’s suit against Coinbase had been “paused”, bringing attention to a similar pause in its case against Binance. According to Stark, this pattern indicates that the SEC is reassessing its regulatory outlook on digital assets. In his estimation, the same outcome awaits the SEC’s case against Ripple, which has been embroiled in a lawsuit with the SEC since December 2020. “The writing is now on the wall: SEC crypto-enforcement has officially expired,” Stark posited. He added: “I guess winning cases is not a measure of success under the new SEC regime. It is instead more worthy of a Scarlet Letter and disbandment.” A key ruling in July 2023 saw Judge Analisa Torres declare that Ripple’s sale of XRP tokens to retail investors via digital asset exchanges did not violate U.S. securities laws — dealing a huge blow to the SEC’s case. Stark speculates that the SEC could either pause or completely withdraw its ongoing appeal against Ripple. “Expect all crypto-related appeals, including the appeal of the Ripple matter, to pause or even more likely, to be fully withdrawn,” he said. Significant changes are happening at the SEC after Commissioner Mark Uyeda was appointed to take over as the agency’s acting chair before President Trump’s pro-crypto pick, Paul Atkins, is officially confirmed by the U.S. Senate. Thus according to Stark, active suits, including the XRP litigation, might be resolved in a way that is highly favorable to crypto firms. “Expect the SEC to direct the SEC trial unit to pause all crypto-related litigation or, alternatively, to settle or dismiss all SEC crypto-related cases expeditiously in highly favorable terms to the crypto-defendants,” Stark opined. Meanwhile, most crypto spectators believe the positive resolution of the SEC lawsuit would pave the way for U.S. spot XRP ETFs, which Ripple president Monica Long is convinced are “likely to be next in line after Bitcoin and Ethereum”— both of which saw U.S.-listed spot ETFs successfully launched in 2024.

Changpeng Zhao, founder and former CEO of the world’s largest crypto exchange, Binance, has decided to donate tokens he received from anonymous market participants to victims of the Test (TST) and Broccoli meme coin projects. The prominent crypto figure clarified that while he has decided to help victims of TST and Broccoli, his actions should not be interpreted as an endorsement for any of the tokens. What Led to CZ’s Donations? On February 15, a pseudonymous Chinese university student named EnHeng announced that he would donate $50,000 in Binance Coin (BNB) to users who incurred losses after investing in the Libra (LIBRA) meme coin. The token, linked to Argentine President Javier Milei, has lost roughly 90% of its value after insiders drained the project’s liquidity. EnHeng said he could relate to the impact of the rug pull on university students because he is one himself. To help those affected, he encouraged other crypto traders to donate to the Binance Smart Chain (BSC) address he provided, clarifying that although assistance is open to all victims, the focus will be on college students. Reacting to EnHeng’s X post, CZ donated 150 BNB worth approximately $100,000, encouraging the crypto user to keep up the good work. To prove that he indeed sent the money, CZ shared a BscScan link with the transaction details on February 18. CZ Receives More BNB and Crypto Tokens Merely 24 hours after tweeting about the transaction, CZ revealed that he had received more BNB than he had donated and even more funds in other tokens. At the time CZ shared the information, the wallet had held 161 BNB; however, by the time of writing, data from BscScan showed the addresses holding at least 369 BNB worth approximately $243,000. Altogether, the wallet holds an additional 100 tokens worth over $543,000. These tokens include Wrapped BNB (WBNB), Cat (CAT), Chengpang Zhoa (ZHOA), CZ’S DOG (Broccoli), Build on BNB (BOB), Binance-Peg BTCB Token (BTCB), and Trust Wallet (TWT). Interestingly, over 25 pending transactions were on the wallet at press time, indicating that users were sending more tokens. “Funny things in crypto. When you try to make quick money, you often lose. When you give money away, you get more back…I won’t be keeping a satoshi of it,” CZ stated. It is worth mentioning that many Broccoli meme coins are on the market, and they were all inspired by CZ’s dog. Most have lost their value after the developers pulled their liquidity. The same goes for TST, which is down 85% from its all-time high ten days ago. The post CZ to Donate BNB And Other Tokens to TST And Broccoli Victims appeared first on CryptoPotato.

The DeFi platform MANTRA obtained a Virtual Asset Service Provider (VASP) license from Dubai’s dedicated regulator overseeing crypto operations. The approval now allows the entity to serve as a Virtual Asset Exchange and provide Broker-Dealer and Management and Investment Services. MANTRA’s Milestone According to a document shared with CryptoPotato, the VARA license reinforces MANTRA’s commitment to compliance, security, and innovation in the virtual asset space. It also reaffirms the entity’s global expansion and strengthens its presence in the Middle East. Commenting on the initiative was the platform’s CEO, John Patrick Mullin: “By establishing the most timely, comprehensive, and built from-the-ground-up framework for virtual assets and Web3, Dubai and VARA have become world leaders in crypto regulation. This license was a crucial step for MANTRA and a key step in our journey towards global expansion.” He also claimed that the UAE has become “a progressive global hub and thriving ecosystem for Web3 and virtual assets” due to its comprehensive regulatory framework. This license not only strengthens our presence regionally, it positions us internationally to deliver unique DeFi products that bridge the gap between decentralized finance and traditional finance. Our goal is to build a future-focused financial ecosystem that benefits institutional and qualified investors globally,” Mullin added. Meanwhile, MANTRA plans to launch various unique DeFi products designed to meet investors’ needs. Each offering is developed with strict adherence to domestic regulations and international policy frameworks, ensuring maximum protection for users. OM’s Price Rally Speaking of MANTRA, we should mention the solid performance of its native token, OM. Its price is up a whopping 3,000% on a yearly scale, recently hitting an all-time high of almost $7.90. OM Price, Source: CoinGecko Some market observers believe the asset may chart a further increase in the near future. The X user BullifyX, for instance, envisioned a rise above $8. On the other hand, Ali Martinez assumed OM could be headed for a pullback, citing the formation of a sell signal on the 3-day chart. The post MANTRA Secures a License From Dubai’s VARA to Operate as a Virtual Asset Exchange appeared first on CryptoPotato.

TL;DR Whales have purchased almost $400 million worth of XRP in the last two days, which could potentially drive upward pressure on the asset’s valuation. Growing anticipation for a spot XRP ETF, with SEC acknowledgment of filings from Grayscale, 21Shares, and Bitwise, could provide a major catalyst for future price movement. Time for Another Rally? While XRP remains in green territory on a weekly scale, the price has recorded some setbacks in the past few days. It plunged below $2.50 on February 18 before rising above the current $2.60 (per CoinGecko’s data). According to the popular X user Ali Martinez, whales have used the recent drop as an opportunity to accumulate additional tokens, buying 150 million XRP in the last 48 hours. As of writing these lines, the stash equals almost $400 million. Continuous efforts in that field will reduce the coin’s circulating supply, potentially making it more valuable (assuming demand doesn’t head south). In addition, the actions of those investors are sometimes mirrored by smaller players who might also join the ecosystem, thus injecting fresh capital. Shortly after highlighting the whales’ efforts, Martinez outlined a price prediction for Ripple’s native token. Based on the potential breaking out of an ascending triangle on the lower time frames, he believes it might climb by 4% to $2.68. Another person who chipped in was EGRAG CRYPTO. They suggested that XRP needs to stay above $2.69-$2.73 in the 4-hour time frame to invalidate the bearish count and begin a bullish continuation. ETFs Pile up An important factor that may positively impact the price of the asset is the possible approval of a spot XRP ETF in the US. Such a product will enable investors to gain exposure without having to purchase or hold the token. Some of the companies that have already displayed their intentions to introduce that type of investment vehicle include Grayscale, 21Shares, and Bitwise. It is worth noting that the US Securities and Exchange Commission (SEC) officially acknowledged their applications. This means that these applications are now under the regulator’s review, awaiting approval or rejection. The deadline for the final decision is 240 days from the initial filings. According to Polymarket, the chances of an approved XRP ETF before July 31 are 44%, while the odds of that to happen before the end of 2025 are 78%. The post Ripple Whales Go on a Buying Spree Again: Is XRP Ready for New Heights? appeared first on CryptoPotato.