News

The price of XRP jumped more than 8% Thursday after the CEO of cryptocurrency company Ripple said U.S. regulators have dropped its four-year-old case against the company. The Securities and Exchange Commission sued Ripple and two of its executives in late 2020 after they raised $1.4 billion by selling XRP crypto coins. The SEC under the Biden administration held that digital assets like cryptocurrences should be regulated like securities, such as stocks, and should be considered commodities like gold or oil.

Your day-ahead look for March 20, 2025

Initially BTC decoupled from stocks, but the positive correlation has strengthened during the recent downturn.

A 40x Bitcoin whale wagers against BTC as volatility swings following the FOMC decision, liquidating a $27.5 million short at $85,545.

(Reuters) -Kraken, one of the world's largest cryptocurrency exchanges, said on Thursday it would buy retail futures trading platform NinjaTrader for $1.5 billion, in a deal that would allow it to expand into multiple asset classes and grow its user base. The acquisition comes at a time the crypto industry is optimistic about more relaxed regulation under U.S. President Donald Trump, who courted crypto donors during the election and promised to support the sector. Earlier this month, the U.S. Securities and Exchange Commission dismissed a civil lawsuit accusing Kraken of operating illegally as an unregistered securities exchange.

Crypto.com has come under fire after it reversed a major token burn on the Cronos blockchain, which was initially announced in 2021 as the “largest token burn in history.”

The SEC has decided to drop its lawsuit against Ripple Labs, marking a significant shift in the long-running legal battle.