“Major Cryptocurrencies See Sharp Drop as Coinbase Challenges SEC Overstep”


Live Crypto News Updates: The ongoing lawsuit between Coinbase and the SEC continues as Coinbase argues for dismissal, citing the SEC’s overreach in regulating crypto with outdated securities laws. Judge Failla also criticized the SEC for its lack of understanding of digital assets and its use of narrow definitions. The hearing was concluded without a ruling from the bench, with Failla asking both parties to take it as a compliment.

In the crypto market, the total market cap has decreased by 1% to $1.68 trillion, with altcoins experiencing losses in the past few days. Bitcoin has also seen a 1% drop and is currently trading at $42,200 with low trading volume. Other top altcoins like Ethereum are also facing a decline, with ETH trading 2% lower at $2,520. However, Solana is holding steady near $100.

01:34:29 PM IST, 18 January 2024

XRP Whale Dumps 46 Million XRP To Crypto Exchanges

An unknown wallet address recently transferred 26.1 million XRP to Bitstamp and 20.1 million XRP to Bitso, according to data from blockchain tracking platform Whale Alert.

12:28:36 PM IST, 18 January 2024

Thailand SEC Lifts Restrictions on Digital Token Investments

The Thailand Securities and Exchange Commission has announced plans to remove constraints on digital token investments, aiming to improve the country’s crypto infrastructure and appeal to crypto enthusiasts.

12:08:05 PM IST, 18 January 2024

BNB Bridge Exploiter Liquidated

The BNB Bridge exploiter, responsible for a $42 million hack, has been liquidated, with 5.82 million vBNB being exchanged by the whitelist liquidator 0x0870…cf43.

11:37:18 AM IST, 18 January 2024

TRON Founder’s Wallet Withdraws Assets from Binance

TRON founder Justin Sun’s wallet address 0x9fcc… recently withdrew $3.54 million worth of digital assets, including LINK, FLOKI, MANA, SHIB, and BAND, from Binance.

11:17:27 AM IST, 18 January 2024

Shiba Inu Community Transfers 25 Million SHIB to Dead Wallet

The Shiba Inu community transferred 25.01 million SHIB to a dead wallet, according to recent on-chain data.

11:02:22 AM IST, 18 January 2024

Singapore Rejects Bitcoin Spot ETF Listing

The Monetary Authority of Singapore has declared that it will not allow a Bitcoin spot ETF to be listed in the country, citing the country’s stance on crypto. However, retail investors can still purchase it through licensed intermediaries.

10:12:25 AM IST, 18 January 2024

Donald Trump Opposes US CBDC Launch

Former US president Donald Trump has promised to never allow the Federal Reserve to create a central bank digital currency, stating that it would give the government too much control over citizens’ money.

09:37:34 AM IST, 18 January 2024

TrueUSD Depegs to $0.971 Amid Selloff and Collateral Challenges

TrueUSD (TUSD) stablecoin has depegged to a low of $0.9715 due to significant selloff and collateral issues.

09:20:39 AM IST, 18 January 2024

Stripe Prohibits Customers from Selling Crypto Mining Hardware

Payment processing company Stripe has faced criticism for prohibiting its customers from selling crypto mining hardware.

09:08:33 AM IST, 18 January 2024

Coinbase CLO Criticizes SEC’s Overreach

Coinbase’s chief legal officer, Paul Grewal, has made several strong statements against the SEC’s overreach in regulating crypto, stating that it should be left to Congress to decide on regulatory frameworks.

09:04:41 AM IST, 18 January 2024

Franklin Templeton Looks to Ethereum and Solana Benefits

Asset management company Franklin Templeton has shifted its focus from Bitcoin to layer 1 blockchains like Ethereum and Solana, citing their improved economics and user experience.

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