17 hours ago
The crypto exchange founded by billionaire twins Cameron and Tyler Winklevoss may soon witness the end of its legal dispute with the U.S. Securities and Exchange Commission (SEC) over its now-defunct cryptocurrency asset lending program. In January 2023, the securities regulator filed a lawsuit claiming that Gemini and cryptocurrency lender Genesis Global Capital violated securities laws through the Gemini Earn program, which allowed participants to lend their crypto assets to earn interest payments. The SEC filed the suit shortly after Genesis halted withdrawals in November 2022 with approximately $900 million in user funds. In a letter submitted to the U.S. District Court for the Southern District of New York on Tuesday, Gemini and the SEC jointly requested Judge Edgardo Ramos suspend the deadlines in the case for 60 days to allow the two parties to explore a potential resolution. “[T]he parties submit that it is in each of their interests to stay this matter while they consider a potential resolution and agree that no party or non-party would be prejudiced by a stay. Further, a stay is in the Court’s and the public’s interest because a resolution would conserve judicial resources.” The SEC and Gemini also suggested a timeline for when they will give an update on their discussion. “[T]he parties respectfully request that the Court grant this joint request for a 60-day stay. The parties propose that they will submit a joint status report within 60 days after entry of the stay.” The development comes as the SEC takes a friendlier approach to crypto. The securities regulator also recently ended its civil lawsuits against US-based digital asset exchanges Coinbase and Kraken. Follow us on X , Facebook and Telegram Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Crypto Exchange Gemini Discussing Resolution of $900,000,000 Lawsuit With SEC appeared first on The Daily Hodl .
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Good News for Ripple Investors: Is XRP Preparing for a Rebound?
TL;DR Ripple’s ability to defend from a price drop below the critical support at $2 could be a proper entry signal. The narrative is also supported by a popular technical indicator, which just flashed a buy signal. The past week didn’t go well for the fourth-largest cryptocurrency, which is down by over 6% within this timeframe. Thursday evening was a particularly painful trading period for the asset as Trump’s latest tariffs pushed it south to a three-week low of $1.96. This meant that XRP had lost roughly 25% of its value since March 19, when it peaked at $2.6 after the announcement by Ripple’s CEO, Brad Garlinghouse, that the lawsuit against the US SEC had effectively ended. Nevertheless, the cross-border token reacted well to the brief slip below the key support line at $2 and bounced off above it almost immediately. The past 12 hours or so have been more promising as XRP now trades at $2.1. Renowned crypto analyst Ali Martinez highlighted the importance of the $2 support numerous times in the past, warning that XRP could slump to $1.2 if it breaks to the downside. Now that it managed to defend the asset, it could be the propeller of another rally. Martinez substantiated his position by mentioning the TD Sequential – a metric that shows the market exhaustion in either direction. According to the analyst, the technical indicator had flashed a buy signal on the daily after XRP held above $2, which could trigger a trend reversal and lead to upcoming gains. $XRP could be setting up for a rebound! Holding above $2 while the TD Sequential flashes a buy signal! pic.twitter.com/LZBaQxvb2N — Ali (@ali_charts) April 3, 2025 This prediction is in stark contrast to the concerning developments around ADA and LINK, where whales had started to offload substantial portions of both assets. The post Good News for Ripple Investors: Is XRP Preparing for a Rebound? appeared first on CryptoPotato . The Daily Hodl
Bitcoin Falls Back to $83K as China Announces 34% Tariffs on All U.S. Goods
Risk sentiment worsened during the European hours Friday after China announced retaliatory tariffs on all goods, responding to Trump`s Wednesday decision to boost the overall levy on Chinese goods to 54%. Bitcoin, the leading cryptocurrency by market value, fell by $1,600 to $83,000, erasing the early rise to $84,600, CoinDesk data shows. Other tokens like XRP, ETH, SOL and DOGE also reversed early gains to trade largely flat on the day. Meanwhile, futures tied to the S&P 500 and Nasdaq fell over 2% amid escalating global trade tensions. "China`s response is not only negative for the U.S. but it is also impacting the global outlook," ForexLive`s analyst Justin Low wrote in a market update. The Daily Hodl
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