Crypto ETFs Sustain Rally With $462 Million for Bitcoin and $169 Million for Ether

Crypto exchange-traded funds (ETFs) extended their momentum on Wednesday as bitcoin funds logged a third consecutive day of inflows. Ether, XRP, and solana ETFs also recorded gains, signaling broad institutional demand across major digital assets. Bitcoin ETFs Log Third Straight Inflow Day With $462 Million Surge Institutional appetite for crypto exposure strengthened again midweek as

Strange New Chinese AI ‘KIMI’ Predicts the Price of XRP, Ethereum and Dogecoin by the End of 2026

When you plug in a special prompt into AI chatbots, KIMI AI reveals some frankly unbelievable 2026 price projections for top cryptocurrencies. Markets seem unfazed by the US/Iran war news, a sign that much of the geopolitical risk was absorbed earlier in the year, following aggressive sell-offs triggered by comments from former President Trump regarding possible U.S. military actions linked to Greenland and Iran. While it’s still early days, crypto’s recovery may actually be on a firm footing. Here’s why KIMI AI believes XRP, Ethereum and Dogecoin will gain the most. XRP ($XRP): KIMI AI Forecasts a 6x Move Within 10 Months In a recent update , Ripple reaffirmed XRP ($XRP) remains central to its vision of establishing the XRP Ledger (XRPL) as a global, enterprise-grade payments infrastructure. Source: KIMI AI Thanks to near-instant transaction finality and minimal fees, XRPL could secure an early foothold in two of crypto’s fastest-growing verticals: stablecoins and tokenized real-world assets. XRP is currently trading near $1.41, and KIMI predicts a potential rally toward $8 by New Year, representing a sixfold gain from current levels. XRP’s relative strength index (RSI) is holding close to a neutral 50, while price action has converged with the 30-day moving average, indicating the downturn may be exhausted. Hitting $8 depends on rising institutional participation following the rollout of U.S.-listed XRP ETFs, Ripple’s expanding international partnerships, and the passage of the CLARITY Act through Congress later this year. Ethereum (ETH): KIMI AI Sees ETH at $7.500 Ethereum ($ETH) remains the foundation of decentralized finance thanks to an early lead in sophisticated smart contracts. With a market capitalization of $251 billion and roughly $53 billion locked on chain, Ethereum is the primary settlement layer for blockchain economic activity. Its strong security record, leadership in stablecoin issuance, and early traction in real-world asset tokenization position Ethereum for increased institutional adoption post-CLARITY. Regulatory clarity remains a key variable. Institutions require it to deploy larger allocations on Ethereum. ETH is currently trading below $2,000, with significant resistance expected near $5,000, close to its all-time high of $4,946.05 last August. KIMI’s scenario suggests that a confirmed breakout above $5,000 could open the door to $7,500 ETH before Christmas. Dogecoin (DOGE): DOGE to $1? KIMI AI Thinks the Real Target is 3x That! Originally launched as a joke in 2013, Dogecoin ($DOGE) is now a mature digital asset with a market capitalization around $14 billion, accounting for nearly half of the $32 billion meme coin sector. DOGE last set an all-time high of $0.7316 during the retail-driven bull market of 2021. The $1 milestone has long been a psychological target for the Dogecoin community, and KIMI’s outlook suggests that a strong bull cycle could push DOGE close to, or beyond, that level. From its current price just under $0.10, a move toward $2.80 or higher would represent a 28x return, or 2,700%. Adoption and utility continue to grow. Tesla accepts DOGE for select merchandise, while major fintech platforms including PayPal and Revolut now support Dogecoin transactions, reinforcing its real-world utility. SUBBD (SUBBD): If Altseason is Here, then SUBBD is KING If the above cryptos follow KIMI’s projected course, then one new token that presale watchers expect will surge alongside them is SUBBD ($SUBBD) , an AI-integrated content platform likely to disrupt the $85 billion creator economy. SUBBD empowers creators with better revenue tools while offering fans more meaningful engagement. Unlike traditional subscription platforms, which often charge creators up to 20% in fees while limiting community control, SUBBD eliminates intermediaries. This decentralized approach has already sparked interest, raising $1.5 million during its ongoing presale. Fans also benefit from an exclusive access ecosystem, including token-gated content, early releases, and member-only discounts, all fostering deeper connections between creators and their supporters. To stay updated, you can follow SUBBD across X , Telegram , and Instagram , or join the ongoing presale directly through their website . Visit the Official SUBBD Website Here The post Strange New Chinese AI ‘KIMI’ Predicts the Price of XRP, Ethereum and Dogecoin by the End of 2026 appeared first on Cryptonews .

Crypto Price Prediction Today 5 March – XRP, Solana, Bitcoin

The top crypto projects might be entering an exciting price discovery phase in the coming months. Bitcoin price is sailing near $73,000 despite global uncertainty caused by the U.S./Iran war. Meanwhile, the likely approval of the U.S. CLARITY Act this year could ignite the next bull run. If positive momentum prevails, XRP, Solana, and Bitcoin are likely to be the biggest growers… Discover: The best meme coins in the world right now. XRP (XRP): Ripple’s Crypto and Business Networks Could Push Price To $5 XRP ($XRP) capitalizes $88 billion, making it the top blockchain network for international payments. Ripple designed the XRP Ledger (XRPL) for instant transaction settlement at minimal cost, offering a service that could replace SWIFT. In a recent update, Ripple doubled down on XRPLedger (XRPL) as foundational infrastructure for stablecoins and tokenized real-world assets, while maintaining XRP as the core liquidity asset powering the network. Ripple’s solution has drawn recognition from institutions including the UN Capital Development Fund and the White House, both of which have highlighted its modernizing potential. Strengthening the bullish outlook, the recent launch of spot XRP exchange-traded funds (ETFs) in the United States has broadened access for institutional investors. From a technical perspective, XRP could break out from a bullish flag pattern soon. If broader conditions remain supportive, prices could hit $5 before H2. Solana (SOL): Ethereum Killer Eyes New All-Time Highs Solana ($SOL) is the largest smart contract platform outside of Ethereum, supporting approximately $6.9 billion in total value locked and boasting a market capitalization exceeding $52 billion. Trading around $92, SOL has rebounded above its 30-day moving average, a sign that buying momentum may now be invalidating the bearish head and shoulders that formed through 2025 and early 2026. The relative strength index (RSI) is currently near 53 and trending upward, pointing to improving sentiment. A decisive move above key resistance zones near $200 and $275 could open the door for Solana to surpass its previous all-time high (ATH) of $293.31 by July. Adding to Solana’s fundamental appeal, major asset managers such as BlackRock and Franklin Templeton are issuing tokenized investment products on the network, giving it an early foothold in the rapidly expanding tokenization sector. Bitcoin (BTC): Is a New Record High Possible by Summer? Bitcoin ($BTC) , the largest cryptocurrency by market capitalization, previously rallied to an ATH of $126,080 on October 6. A steep correction followed the surge, driven by geopolitical uncertainty and speculation surrounding possible U.S. military involvement linked to Iran and Greenland. As a result, Bitcoin briefly lost nearly half of its value, bottoming at $63,000 last weekend. Bitcoin’s reputation as “digital gold” continues to attract investors seeking a hedge against inflation, currency devaluation, and broader macroeconomic risks. Rising institutional participation, reduced supply following the latest halving, and expectations of clearer U.S. regulatory frameworks could help reignite upward momentum. Additionally, if Donald Trump follows through on proposals for a U.S. Strategic Bitcoin Reserve, Bitcoin’s long-term dominance in a crowded crypto market would be secured. Bitcoin Hyper: This Low Price Crypto Presale Project Brings Bitcoin Up to Speed with Solana and Ethereum While Bitcoin, XRP, and Solana offer compelling long-term investment narratives, historical trends show that some of the largest returns often come from early exposure to emerging crypto infrastructure projects. Bitcoin Hyper ($HYPER) seeks to expand Bitcoin’s capabilities by combining its security with Solana-style speed and efficiency through a Layer 2 scaling protocol. This approach lowers transaction costs while preserving Bitcoin’s robust security model. With Bitcoin Hyper, users can stake tokens, earn yield, trade assets, and interact with smart contracts without transferring funds off the Bitcoin network. The project has already attracted $31.8 million in its ongoing presale, drawing growing attention from large investors and crypto exchanges alike. As a result, $HYPER is one of the buzziest launches of the year. Investors interested in purchasing $HYPER at its fixed presale price can visit the official Bitcoin Hyper website and connect a supported wallet such as Best Wallet . Purchases can also be completed using a bank card. Visit the Official Website Here The post Crypto Price Prediction Today 5 March – XRP, Solana, Bitcoin appeared first on Cryptonews .

Justin Sun, Tron Entities Reach Settlement With US SEC, $10M Fine Imposed

The US Securities and Exchange Commission (SEC) has settled its civil fraud case against Tron (TRX) blockchain founder Justin Sun, bringing an end to the legal proceedings that began in 2023. As part of the settlement, one of Justin Sun’s companies will pay a $10 million civil penalty, and the regulator will drop its claims against Sun and several related entities. Justin Sun Case’s End The SEC originally filed its lawsuit in March 2023 against Sun and his companies, including the Tron Foundation, BitTorrent Foundation, and Rainberry. The agency alleged that Sun and the corporate defendants orchestrated the unregistered offer and sale of TRX and BitTorrent’s BTT. Additionally, the regulator — chaired at the time by the heavily criticized Gary Gensler — accused them of inflating trading volumes artificially and concealing payments made to celebrity endorsers who promoted the tokens. According to a court filing made public on Thursday, the settlement includes a permanent injunction against Rainberry. The company is barred from violating key Securities Acts in connection with the offer or sale of securities. That provision prohibits engaging in transactions or business practices that operate as a fraud or deceit on purchasers, including conduct that creates a false appearance or misleads investors about the price or trading market of a security. SEC Finalizes Settlement The filing further orders Rainberry to pay a $10 million civil penalty. At the same time, the SEC agreed to dismiss with prejudice all claims against Justin Sun, the Tron Foundation, and the BitTorrent Foundation. The regulator’s dismissal also covers all remaining claims against Rainberry in the case, with no additional costs or fees imposed. Despite Justin Sun and his firms winning in court, Tron’s native token, TRX, has failed to capitalize on this legal development, remaining at around $0.28 at the time of writing. Featured image from Bloomberg, chart from TradingView.com

Strategic Delay: Coinbase Postpones LMTS Listing to March 6, 2025

BitcoinWorld Strategic Delay: Coinbase Postpones LMTS Listing to March 6, 2025 In a significant update for digital asset traders, Coinbase announced on February 28, 2025, that it has postponed the listing of the LMTS token. The new date is now March 6, with trading scheduled to begin after 5:00 p.m. UTC. This strategic decision hinges on meeting specific liquidity conditions, a standard practice for major exchange listings. Understanding the Coinbase LMTS Listing Delay Coinbase, a leading global cryptocurrency exchange, frequently adjusts listing timelines to ensure market stability. The postponement of the LMTS listing follows this established protocol. Consequently, the exchange prioritizes a seamless launch for all participants. Market analysts view such delays as prudent, especially for new or volatile assets. Furthermore, this approach aligns with broader regulatory expectations for orderly market operations. The original listing date remains undisclosed, but the new March 6 target provides a clear timeline. Trading will commence only if sufficient liquidity exists on the order books. This requirement protects investors from excessive price slippage during the initial trading period. The 5:00 p.m. UTC start time also accommodates traders across major global financial markets. The Critical Role of Liquidity in Token Listings Liquidity represents the lifeblood of any financial market. For cryptocurrency exchanges, it determines how easily assets can be bought or sold. Coinbase’s condition explicitly ties the LMTS launch to meeting predefined liquidity thresholds. Therefore, the delay serves as a protective measure for the ecosystem. High liquidity at launch mitigates several key risks: Price Manipulation: It reduces the potential for “pump and dump” schemes. Investor Protection: It ensures fairer price discovery for all market participants. Market Integrity: It supports a stable and trustworthy trading environment from the outset. Exchanges often work with market makers to secure these commitments before greenlighting a listing. This process can encounter last-minute logistical or technical hurdles, leading to schedule adjustments. Expert Analysis on Exchange Listing Procedures Industry veterans emphasize the complexity behind major exchange listings. Dr. Anya Sharma, a fintech researcher at the Digital Asset Governance Institute, notes that delays are not inherently negative. “A postponed listing often reflects an exchange’s commitment to due diligence,” she stated in a recent publication. “It is far more damaging to list an asset prematurely and encounter operational failures.” Historical data supports this view. For instance, several high-profile token launches on competing platforms faced severe volatility due to inadequate liquidity preparation. Coinbase’s methodology aims to avoid such scenarios. The exchange has a documented framework for evaluating asset health before and after listing. Broader Impact on the Cryptocurrency Market The announcement influences more than just LMTS token holders. It signals Coinbase’s current operational posture to the entire digital asset sector. Market observers interpret this caution as a response to the evolving regulatory landscape of 2025. Additionally, it may affect trading strategies for correlated assets. The following table outlines recent comparable listing events on major exchanges: Exchange Asset Original Date New Date Reason Cited Coinbase LMTS N/A March 6, 2025 Liquidity Conditions Kraken PROJX Jan 15, 2025 Jan 22, 2025 Technical Integration Binance ARKN Dec 5, 2024 On Schedule N/A As shown, schedule changes are a common industry occurrence. They typically relate to technical, regulatory, or market-ready factors. The one-week postponement for LMTS falls within a standard adjustment window. What Traders and Investors Should Expect Next All eyes will now turn to the days leading up to March 6. Coinbase will likely provide further updates through its official blog and status page. Traders should monitor these channels for confirmation that liquidity conditions are satisfied. Moreover, the official trading pairs for LMTS will be announced closer to the launch. Potential investors can use this extra time for research. They should examine the LMTS project’s fundamentals, tokenomics, and use case. Due diligence remains the cornerstone of responsible cryptocurrency investment. The delay does not reflect on the asset’s quality but on the exchange’s launch preparedness. Conclusion Coinbase’s decision to postpone the LMTS listing to March 6, 2025, underscores its methodical approach to market operations. The delay, contingent on liquidity conditions, aims to foster a stable and fair trading environment. This event highlights the intricate preparations behind every major token listing. Ultimately, such measures benefit the long-term health of the cryptocurrency ecosystem by prioritizing market integrity and investor experience. FAQs Q1: Why did Coinbase postpone the LMTS listing? Coinbase postponed the listing to ensure specific liquidity conditions are met before trading begins. This is a standard practice to ensure market stability and protect investors during the token’s launch. Q2: What time will LMTS trading start on March 6? Trading is scheduled to begin after 5:00 p.m. UTC on March 6, 2025, provided all necessary conditions are satisfied. The exchange will issue a final confirmation. Q3: Could the LMTS listing be delayed again? While possible, further delays are unlikely if the current liquidity preparations proceed as planned. Coinbase has set a clear target date and will communicate any changes promptly. Q4: How does this delay affect current LMTS token holders? The delay only affects the timing of the token’s availability for trading on Coinbase. It does not impact the underlying asset or its functionality on other platforms or within its native ecosystem. Q5: Where can I get official updates about the LMTS listing? Official updates will be posted on the Coinbase Blog and the Coinbase Status page. These are the primary and most reliable sources for information directly from the exchange. This post Strategic Delay: Coinbase Postpones LMTS Listing to March 6, 2025 first appeared on BitcoinWorld .

Solana Spot ETF Achieves ‘Bizarre’ Triumph with $1.5B Inflows Despite SOL’s Steep 57% Price Decline

BitcoinWorld Solana Spot ETF Achieves ‘Bizarre’ Triumph with $1.5B Inflows Despite SOL’s Steep 57% Price Decline In a development confounding traditional market logic, the newly launched Solana spot exchange-traded fund (ETF) is demonstrating remarkable investor confidence, amassing $1.5 billion in capital commitments even as the underlying SOL token experiences significant price depreciation. Bloomberg Intelligence senior ETF analyst Eric Balchunas has characterized this divergence as a ‘bizarre’ and impressive success story, signaling a profound shift in institutional cryptocurrency adoption strategies. This analysis, based on verifiable flow data, presents a nuanced picture of modern digital asset investment that prioritizes long-term infrastructure access over short-term price speculation. Solana Spot ETF Defies Market Gravity with Record Inflows According to comprehensive data from Bloomberg and fund custodians, the Solana spot ETF has attracted approximately $1.5 billion in net inflows since its debut. Crucially, analysts report almost negligible outflows during this period, indicating strong holder conviction. This stability is particularly notable given the concurrent market conditions for the fund’s underlying asset. For context, when adjusted for the relative market capitalization of Solana versus Bitcoin, the inflow pace for this ETF is reportedly twice as fast as the historic launch period of the first U.S. Bitcoin spot ETFs. This accelerated adoption curve suggests a matured and more efficient capital allocation process for digital asset products. Furthermore, the investor profile reveals a strategic depth often absent in earlier crypto investment waves. Balchunas notes that roughly half of the committed capital, or about $750 million, originates from institutional investors . These include registered investment advisors (RIAs), family offices, and hedge funds. Their participation provides a layer of validation and suggests a focus on Solana’s technological ecosystem—its high throughput and low-cost smart contract platform—as a long-term bet, rather than a mere trade on token price appreciation. The Puzzling Divergence: Soaring ETF Demand Amid Falling SOL Price The core paradox highlighted by analysts lies in the stark contrast between fund flows and asset performance. Since the ETF’s launch date, the price of SOL, the native token of the Solana blockchain, has declined by approximately 57% . This drop aligns with a broader corrective phase in the cryptocurrency market but stands in direct opposition to the ETF’s inflow trajectory. Typically, ETF flows and the performance of their underlying assets exhibit a strong positive correlation; investors buy into funds when they are bullish on the asset. This deviation prompts several analytical interpretations. Firstly, it may indicate that investors are using the ETF as a vehicle to gain cost-effective, regulated exposure during a market dip, effectively ‘buying the dip’ through a traditional securities wrapper. Secondly, it underscores a possible decoupling between sentiment toward the Solana network’s utility and the speculative trading of its token. Investors might believe in the long-term viability of the Solana ecosystem for decentralized applications (dApps) and non-fungible tokens (NFTs), while remaining agnostic about short-term token volatility. Expert Analysis and Market Context Eric Balchunas’s commentary provides the authoritative backbone for this narrative. As a senior ETF analyst at Bloomberg Intelligence, his observations are grounded in decades of tracking fund launches and flow data. He frames the Solana ETF’s performance not just as a crypto story, but as a significant event within the broader $10 trillion global ETF landscape . The success challenges conventional wisdom that cryptocurrency ETPs are purely momentum-driven products. The timeline is also critical. The Solana spot ETF launched in a regulatory environment that has evolved significantly since the Bitcoin ETF approvals. Regulators and institutional custodians now have more established frameworks for handling digital assets. This成熟的基础设施 (mature infrastructure) reduces operational friction, potentially allowing capital to move more swiftly into new products like the Solana ETF, irrespective of immediate price trends. The table below summarizes the key comparative metrics: Metric Solana Spot ETF (Launch Phase) Bitcoin Spot ETFs (Launch Phase) Inflow Pace (Market-Cap Adjusted) 2x 1x (Baseline) Estimated Institutional Share ~50% Lower initial percentage Underlying Asset Price Change -57% Varied, but generally positive This data-driven comparison highlights the anomalous nature of the current inflows. The impact on the broader cryptocurrency sector is multifaceted. It may encourage other blockchain projects to seek similar regulated product approval, validating the ETF model as a viable path for institutional capital. However, it also raises questions about market efficiency and whether ETF flows could eventually exert a stabilizing or directional influence on the underlying spot market for SOL. Conclusion The performance of the Solana spot ETF presents a compelling case study in modern finance. It demonstrates that deep, institutional-grade demand for a cryptocurrency can exist independently of its short-term price action, focusing instead on strategic, long-term access to a blockchain’s ecosystem. The ‘bizarre’ success, marked by $1.5 billion in steadfast inflows against a 57% price decline, underscores a maturation point where cryptocurrency investment vehicles are assessed on fundamentals and infrastructure as much as on speculative momentum. This event likely sets a new precedent for how future digital asset ETFs will be evaluated by both the market and analysts like Eric Balchunas. FAQs Q1: What is a spot ETF, and how does it differ from a futures ETF? A spot ETF directly holds the underlying asset (in this case, SOL tokens) in custody. A futures ETF holds contracts that bet on the future price of the asset. The spot ETF provides more direct exposure to the actual cryptocurrency. Q2: Why would institutional investors buy a Solana ETF while the price is falling? Institutions may view the ETF as a long-term strategic allocation to gain regulated exposure to the Solana blockchain’s technology and developer ecosystem, believing the current price is an attractive entry point irrespective of recent volatility. Q3: How does the inflow pace compare to Bitcoin ETFs? Bloomberg analyst Eric Balchunas noted that when adjusted for the difference in market capitalization, the Solana spot ETF is gathering assets twice as fast as Bitcoin ETFs did in their initial launch phase. Q4: Could these ETF inflows eventually help stabilize or increase the price of SOL? Potentially. Sustained ETF purchases require the fund issuer to buy and hold SOL in custody, reducing circulating supply. Over time, this consistent buy-side pressure could provide a supportive floor or upward influence on the market price. Q5: Does this success mean other cryptocurrency ETFs will be approved soon? Not necessarily. Each ETF application is evaluated separately by regulators like the SEC based on market manipulation concerns, custody solutions, and investor protection. The Solana ETF’s success may encourage applications, but approval depends on meeting stringent regulatory standards. This post Solana Spot ETF Achieves ‘Bizarre’ Triumph with $1.5B Inflows Despite SOL’s Steep 57% Price Decline first appeared on BitcoinWorld .

FBI picks up John ‘Lick’ Daghita, contractor accused of $46M BTC theft

The government contractor’s son accused of stealing cryptocurrency assets seized by the U.S. government has been apprehended in the Caribbean through the collaboration of the FBI and the French authorities. ZachXBT first caught on to John Daghita’s alleged crime after he bragged and showed off his stolen wealth in a Telegram group chat. Daghita was arrested with multiple hardware wallets and stacks of $100 bills. How did a government contractor’s son access millions in seized Bitcoin? John “Lick” Daghita, a government contractor’s son accused of a massive crypto heist, is now in custody following an international manhunt that reached a dramatic conclusion in the Caribbean. The FBI confirmed that Daghita was apprehended on the island of Saint Martin through the collaborative efforts of the FBI and the French Gendarmerie’s premier elite tactical unit. FBI Director Kash Patel announced the arrest on Thursday, March 5, 2026, via social media, stating that the FBI will work 24/7 with international partners to “track down, apprehend, and bring to justice those who attempt to defraud American taxpayers.” During the arrest, authorities found Daghita with a metal briefcase containing stacks of $100 bills, multiple hardware wallets, and several USB drives. Cryptopolitan previously reported that the incident started at a Virginia-based firm called Command Services & Support (CMDSS) owned by Dean Daghita, the father of the suspect. CMDSS holds an active IT contract with the U.S. Marshals Service (USMS) that specifically tasks the company with helping the government manage and dispose of seized or forfeited cryptocurrency assets. Because of this position, the firm had access to wallets that held billions of dollars in digital assets taken from major criminal cases, including the infamous 2016 Bitfinex hack. John Daghita then used his access to obtain the information needed to move funds from government-controlled wallets into his own. The investigation into the breach started in January 2026. On-chain investigator ZachXBT found that a wallet known as 0xc7a2 had received $24.9 million from a U.S. government wallet in March 2024. ZachXBT followed the money further and found another wallet, 0xd8bc, which held approximately $63 million in digital assets obtained during the final quarter of 2025. CMDSS’s X account, official website, and LinkedIn profiles were all deactivated shortly after the link between John and his father became public, but the FBI still identifies John Daghita as a “government contractor” in official statements. What led the authorities to the “Lick” alias on Telegram? Cryptopolitan reported that John Daghita’s downfall was his flamboyant lifestyle and love for showing off his wealth. For many months, he used the online alias “Lick” and frequently engaged in “brokeshaming” other users on Telegram, but during a heated argument in a group chat with another threat actor named Dritan Kapplani Jr., he caught the attention of ZachXBT. Daghita flaunted $23 million in his crypto wallets and moved the funds between different addresses to prove he had control over them. ZachXBT began tracing the wallet addresses back through the blockchain, and Daghita was exposed. In an effort to cover his tracks, he wiped out his NFT usernames and changed his Telegram screen name. Daghita also allegedly sent small amounts of the stolen Ethereum to ZachXBT’s public wallet to try and implicate him in the crime. Recent official reports from the U.S. Marshals Service and DOJ show a growing concern regarding the security of digital assets that are not supported by major exchanges and require specialized contractors for management known as Class 2–4 assets. Daghita’s case has prompted calls for a full audit of all government-contracted crypto custody firms to ensure that no other “nepo-babies” have access to the nation’s digital reserves. The U.S. government currently holds over 198,000 BTC. With Bitcoin prices currently hovering near $72,000, the total value of these holdings is tens of billions of dollars. Daghita is currently being held in Saint Martin and is expected to face extradition to the United States. He will likely face charges related to the theft of government property, wire fraud, and money laundering. Join a premium crypto trading community free for 30 days - normally $100/mo.

SEC Moves to Settle Justin Sun Case With $10M Penalty for BitTorrent Owner

The judgment would resolve one of the agency’s highest-profile crypto enforcement actions and dismiss the remaining claims against Sun.

US SEC Proposes Guidelines on How Securities Laws Can be Applied to Crypto

The United States Securities and Exchange Commission (SEC) has inched closer to creating guardrails to ascertain how cryptocurrencies are regulated. In a recent commission-level guidance submitted to the White House’s Office of Information and Regulatory Affairs (OIRA), the SEC outlined how securities laws can be applied to crypto. If followed, the new guidelines could affect how crypto-focused companies register and operate their businesses in the country. New Guidelines for Crypto Market According to the OIRA’s website, the guidance was labeled as the “Application of the Federal Securities Laws to Certain Types of Crypto Assets and Certain Transactions Involving Crypto Assets.” The website shared sparse details about the SEC’s proposal. Still, an SEC spokesperson informed Bloomberg that the financial agency “will consider interpretive guidance around a token taxonomy for crypto assets.” This means that factors such as a crypto’s inherent properties, behavior, and use cases would be considered to determine whether securities laws apply or not. With these guidelines in place, crypto firms would know how to proceed with registration, operations, and investor engagement. It is worth noting that commission-level guidance has more power than staff-level guidance. Still, it falls short of the requirements to become a rule, which include processes such as public notice and comment. The latest move aligns with Paul Atkins’ goal of bringing crypto-friendliness to the country since he became the SEC chairman. A few weeks ago, he hinted at the agency’s commitment to establishing structural crypto regulations despite falling cryptocurrency prices. CFTC Calls for Regulation of Prediction Markets The SEC is not the only Wall Street regulator advocating for a crypto-friendly regulatory framework. On March 2nd, the Commodity Futures Trading Commission (CFTC) submitted a measure to the White House’s OIRA on prediction markets. Michael Selig, the CFTC chairman, shed some light on the prediction markets’ measure, saying: “We’re going to be setting very clear standards as to what can be self-certified in our markets and what cannot and how to evaluate the different products that are offered in the space.” The CFTC’s latest move comes amid heightened attention investors give to prediction markets, popularized by leading platforms Polymarket and Kalshi. The post US SEC Proposes Guidelines on How Securities Laws Can be Applied to Crypto appeared first on CryptoPotato .

XRP Tests a Key Breakout Level as ETF Inflows Meet Weak Momentum Signals