🇺🇸 SEC Drops Lawsuit Against Binance
In a significant regulatory shift, the U.S. Securities and Exchange Commission (SEC) has voluntarily dismissed its civil lawsuit against Binance and its founder, Changpeng Zhao. The dismissal, filed with prejudice, prevents the SEC from reopening the case. This move aligns with the SEC's evolving approach to cryptocurrency regulation under President Donald Trump's administration, which contrasts with the stricter stance taken under former President Joe Biden. The SEC emphasized that the decision was a discretionary policy matter, not indicative of its position on other crypto-related litigation.
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📉 EPIC Token Plummets Over 28%
The EPIC token experienced a sharp decline, dropping approximately 28.35% from a 24-hour high of $1.387 to a low of $0.992. This sudden drop triggered panic selling, with trading volume surging to 4.17 million USDT, signaling major exits. Support at $1.00 is being tested, and a breakdown below could lead to further declines.
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🪙 XRP Supply Shock Anticipated
Analysts are warning of a potential supply shock for XRP. Factors contributing to this include exchanges reportedly running low on XRP, Ripple halting bulk over-the-counter sales, and escrowed XRP being locked for over four years with only small monthly releases. Institutions are reportedly accumulating XRP quietly, which could lead to a significant price increase.
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🔄 Whale Activity: FARTCOIN to OLIVIA
A notable crypto whale moved approximately $1.17 million from FARTCOIN to purchase $121,000 worth of OLIVIA tokens. This unexpected shift has garnered attention within the crypto community.
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📈 Bitcoin Faces Potential Supply Shock
Bitcoin is approaching a potential supply shock due to increasing institutional demand. Analysts suggest that this could significantly elevate Bitcoin's value.
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