Crypto News

- Could Ripple's Price Surge Now That Its SEC Battle Is Over? After nearly five years, the legal saga between XRP (CRYPTO: XRP) and the U.S. Securities and Exchange Commission (SEC) has come to a close. Dating back to December 2020, Ripple and the SEC disputed whether XRP was an unregistered security until a federal judge ultimately ruled that it was not in retail transactions. Both sides agreed to end their appeals as they pertain to XRP. In a joint filing with the U.S. Court of Appeals recently, both parties withdrew their court appeals, and Ripple agreed to pay $125 million in fines. For Ripple, this marks a long-awaited closure. The company can disperse XRP without worrying about the SEC breathing down its neck. For investors...

- IRS Crypto Chief Trish Turner Exits Amid New Tax Rules Trish Turner, head of the IRS’s digital assets unit, is leaving the agency for the private sector just as new rules concerning crypto taxes are taking effect. Turner’s departure follows similar departures of other prominent crypto officials due to budget cuts from the Trump administration that caused the IRS to lose more than 20,000 positions, as per reports. On May 6, Trish Turner, a veteran US Internal Revenue Service (IRS) official, was selected to manage the agency's digital assets section following the resignation of two key crypto-focused officers. Turner, who has been with the IRS for over 20 years and most recently served as a senior adviser in the Digital Assets...

- VanEck submitted an application to the U.S. Securities Exchange Commission for a JitoSOL exchange-traded fund, as investor interest in staked crypto ETFs continues to expand. The ETF will track the price of JitoSOL, a kind of Solana liquid-staking token, or a tokenized asset that serves as a stand-in for an asset that has already been staked on a network. Staking refers to the process of locking up cryptocurrencies on a blockchain to secure the network in exchange for rewards, usually in the form of tokens. "With staff guidance now on record, the compliance runway for LST-based ETFs/ETPs is clear and actionable, and has resulted in the first ETF [composed] of LSTs," the Jito Foundation said Friday in a blog post. The JitoSOL fund...

- VanEck, a global investment management firm, filed a form S-1 with the Securities and Exchange Commission (SEC) on Aug. 22 to launch a spot exchange-traded fund tied to JitoSOL, a Solana-based liquid staking token (LST). Before venturing further, it is important to understand what liquid staking in crypto means. Crypto staking is the process of locking up your crypto assets like Solana and Ethereum to help secure a proof-of-stake (PoS) blockchain in exchange for rewards. Liquid staking takes the process further by letting you stake your crypto assets without locking them up so that they remain liquid and available for trading. What happens is that as you stake your crypto assets, you receive a tokenized version of these assets...

- Ethereum could rally around $20K, predicts veteran analyst A growing chorus of analysts is predicting that Ethereum (ETH) will break its all-time highs, and September appears to be a crucial month. On August 22, crypto analyst Benjamin Cowen said that ETH might rally before possibly taking a dip in September. At the same time, Arthur Hayes, co-founder of BitMEX and now head of Maelstrom, confirmed that he bought some Ethereum back, plainly stating, "the chart says it's going higher." Hayes even thinks Ethereum will reach $20,000 this cycle. At press time, Ethereum was trading at $4800, up 14.25% in the last 24 hours, as per Kraken. Institutional investments fuel growth Supporting the optimism is the tidal wave of institutional...

- Bitcoin and Ethereum are under strain ahead of today’s widely watched Jackson Hole speech by Federal Reserve Chair Jerome Powell. At present, Bitcoin is priced at $112,517.20, down 5.4% this week, while Ethereum is down 7.4% to $4,296.05. XRP is also showing weakness, down almost 9% over the same time. The Jackson Hole symposium garners attention because Powell's comments generally set the stage for global monetary policy each year in Kansas City, Missouri. With inflation still above the Fed's target 2% rate, and fresh evidence of weakness in the labor market, investors hope for clarity as to whether the central bank will push forward with a 25 basis point rate cut in September. The Fed's decision matters not just for the broader...

- Nearly $4 billion of new money flowed into digital assets last week, with the U.S. dominating 99% of the total haul. Investors are taking a cue from President Trump's push to open retirement accounts up to alternative assets. "My Administration will relieve the regulatory burdens and litigation risk that impede American workers’ retirement accounts from achieving the competitive returns and asset diversification necessary to secure a dignified, comfortable retirement," read a portion of Trump's executive order "Democratizing Access to Alternative Assets for 401(k) Investors," signed in early August. Ethereum ETPs (exchange-traded products), which give investors exposure to the crypto without holding it, attracted $2.87 billion in...

- Ethereum Hits All-Time High Price After Nearly 4 Years Ethereum hit a new all-time high price on Friday, breaking a nearly four-year record following recent gains fueled by surging ETH treasuries, an increasingly favorable regulatory environment for the protocol, and growing interest from traditional finance firms. The second-largest cryptocurrency by market cap is up 15% over the past 24 hours to $4,879, surpassing its previous record of $4,878 set in November 2021, data from CoinGecko shows. ETH has more than doubled in price over the last two months to outpace even Bitcoin as investors flood into the exchange-traded funds. After coming close to a new record on August 14, the price of ETH dipped alongside the rest of the market...

- Three reasons why Ethereum just broke a new all-time high Ethereum has finally done it. On Friday, the second-largest cryptocurrency broke through its previous all-time high of $4,878, a level it set back in November 2021. It briefly traded over the previous all-time high before dipping. Since mid-April, it has climbed over 300%. And some analysts say it’s the beginning. For instance, Arthur Hayes, BitMEX co-founder and renowned crypto investor, has gone on the record, saying he expects the crypto to go as high as $20,000 this cycle. The rally, four years in the making, is the product of institutional money flowing in from myriad channels. Public companies are starting to hoard Ether, exchange-traded funds are raking in...

- EU Considers Public Blockchains for Digital Euro: Report Alarmed by the growth of dollar-pegged stablecoins after the US’ passage of the Genius Act, European Union officials are considering launching a digital euro on a public blockchain such as Ethereum or Solana. In a statement, the European Central Bank (ECB) mentioned it was considering “different technologies — both centralised and decentralised — in the development of the digital euro, including distributed ledger technologies.” Previously, the EU’s planned central bank digital currency (CBDC) was expected to be launched on a private network due to concerns that tokens issued on public blockchains could compromise users’ privacy. According to reports, conversations within...

- Cryptocurrency trading can seem like the wild, wild west, and in some ways, it is. But it’s been around long enough by now that we have some historical data about when the best time is — and isn’t — to make crypto trades. Here’s what you need to know about the best and worst days of the week to trade cryptocurrency. The Best Day of the Week To Buy Crypto According to the Corporate Finance Institute, the best time of the week to buy cryptocurrency is on Monday. Prices tend to start low on Monday and increase as the week goes on. Crypto can be traded 24/7 but more people tend to buy and sell during working hours. The market slows down at night and on the weekends. So, a Monday after a slow weekend can be the best time to buy. Note...

- Fed is Going to Cut Interest Rates: Ira Jersey Bloomberg Intelligence's Ira Jersey gives his thoughts on Jerome Powell's comments at Jackson Hole and believes the Federal Reserve is going to cut interest rates in September. He speaks with Vonnie Quinn on 'Bloomberg Markets.' This article has been published in bloomberg.com via Yahoo News. https://finance.yahoo.com/video/fed-going-cut-interest-rates-201259655.html

- Why XRP (Ripple) Is Soaring Today Key Points The cryptocurrency XRP (CRYPTO: XRP) is experiencing a significant increase today, rising 7.4% in the last 24 hours. This surge coincides with the S&P 500's 1.5% rise and the Nasdaq-100's 1.7% climb on the same day. Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole symposium played a crucial role in this movement. He presented a mixed economic outlook but indicated potential rate cuts, which sent XRP and other speculative investments soaring. Fed rate cut sent XRP soaring Powell's address highlighted the complexity of the Fed's decision-making process regarding interest rate cuts. The economy is showing signs of both slowdown and inflation, a rare occurrence...

- Court gives another shocking verdict in Ripple and SEC case The U.S. Court of Appeals for the Second Circuit gave a surprising verdict in the Ripple vs. Securities and Exchange Commission (SEC) case. The court approved the joint stipulation of dismissal of appeals on Aug. 22. The latest development has brought the years-long legal battle to its final stage. Here is the complete story of the most controversial case of the crypto industry. The SEC first sued Ripple Labs in December 2020, alleging the company conducted an unregistered securities offering by selling XRP. Ripple argued XRP is a digital currency, not a security. In July 2023, U.S. District Judge Analisa Torres delivered a landmark ruling as per which Ripple’s sales of...

- Crypto traders bet on 80% chance of rate cut in September Traders on Polymarket, the crypto-based prediction market, think there is an 81% chance of the Federal Reserve lowering interest rates by 25 basis points in September. As per Polymarket traders, there is a 14% chance of absolutely no change to the interest rate, which means it will remain unchanged within the range of 4.25%-4.50%. There is a modest 3% chance of the Fed cutting rates by more than 50 bps and a negligible chance of an increase of more than 25 bps. The reason why crypto traders on Polymarket are predicting a rate cut by 25 bps the next month is the speech delivered by Fed Chair Jerome Powell on Aug. 20. Though Powell didn't commit, he hinted at a possible...

- What Happened? Shares of denim clothing company Levi's (NYSE:LEVI) jumped 3.2% in the morning session after the broader market rallied on hopes for lower interest rates. The rally was sparked by Federal Reserve Chair Jerome Powell's highly anticipated speech at a central bankers' symposium in Jackson Hole, Wyoming. Powell signaled that the central bank's view on the “balance of risks” for the economy appears to be shifting, citing “sweeping changes” in trade, immigration, and tax policy. Investors interpreted these comments as a strong hint that interest rate cuts could be imminent, which is generally positive for stocks as lower rates can stimulate economic activity. The broader market reacted strongly, with the Dow Jones...

- Crypto markets have come alive following dovish remarks today from Federal Reserve Chair Jerome Powell. The Fed chairman opened the door to interest rate cuts during a speech at Jackson Hole, which both traditional and crypto markets had been eagerly awaiting—though not necessarily expecting. Crypto climbed back above the $4 trillion mark and the Dow Jones Industrial Average jumped as much as 900 points, up to 2% on the day, after Powell suggested interest rate cuts could be on the way. The synchronized risk-on rally across both traditional and digital assets happens after weeks of consolidation, with the S&P 500 gaining 1.68% and the tech-heavy Nasdaq rising 2.1%. Powell's keynote at the annual symposium struck a more dovish tone...

- Shiba Inu Is Soaring Today -- Is the Cryptocurrency a Buy Right Now? Key Points Shiba Inu (CRYPTO: SHIB) is seeing strong gains in Friday's trading. The cryptocurrency's price had jumped 7.5% over the previous 24 hours of trading as of 2:45 p.m. ET. Shiba Inu's big gains over the last day stem from a recent speech given by Federal Reserve chair Jerome Powell. Based on statements from Powell's speech, investors are feeling far more confident that the Fed is on track to cut interest rates substantially this year. Is Shiba Inu a Buy Right Now? Perhaps more than any other factor, the Federal Reserve's interest rate policy is a crucial catalyst for Shiba Inu. Lower interest rates tend to create a much more favorable backdrop for...

- Why Ethereum Jumped 13% Today Key Points Ethereum skyrocketed on Friday. As soon as Federal Reserve Chairman Jerome Powell suggested that interest rates might come down in 2025, Ethereum's price took off on a rocket ride. The coin was up 13% at 2:24 p.m. ET, reaching prices not seen since November 2021. Powell's hinted rate cuts sent Ethereum higher Lower interest rates on federal debt papers often inspire strong returns for investors in high-risk assets. If it's easy to find cheap capital, it's easier to risk some money on more speculative trades. Ethereum has seen plenty of these effects play out in 2025, mostly the reverse version with crypto prices going down amid a slower rate-cut policy. But this was the bullish version of...

- Canada to Drop Many Counter-Tariffs in Olive Branch to Trump Canada will remove its retaliatory tariffs on a long list of US products that comply with the existing North American trade deal, seeking to lower tensions with the White House. Prime Minister Mark Carney announced the decision Friday after a meeting with his cabinet, confirming an earlier report from Bloomberg News. The government is changing its tariff policy to align more closely with US measures. That means a broad range of US-made consumer products will no longer face a 25% tariff when imported into Canada, as of Sept. 1, as long as they’re shipped in compliance with the provisions of the US-Mexico-Canada Agreement. But Canada is keeping 25% import taxes on US...