The U.S. Securities and Exchange Commission (SEC) has deferred its decision on the Bitwise 10 Crypto Index exchange-traded fund (ETF), citing the need for additional time to thoroughly review the proposal. SEC Needs More Time to Decide on Bitwise 10 Crypto Index ETF The SEC disclosed its decision to extend the review period for a
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XRP Nears ATH Levels: Just 17% Away Amid Whale Accumulation and SEC Resistance
XRP is the best-performing asset in the crypto top 50 by market capitalization, with a gain of more than 13% on the day. As a result, the cross-border payment token reached an intraday high of $2.87 during trading in Asia on Wednesday morning. XRP has neared its peak from this cycle, which was close to a 7-year high and is currently around 17% away from its all-time high, following a slight pullback to $2.80 at the time of writing. Over the past fortnight, XRP has gained around 33%, while the rest of the altcoins have lost ground. XRP Whales Accumulating On Jan. 15, Santiment reported that the move was being supported by “continued enormous accumulation from wallets holding 1 million to 10 million XRP.” These whales own over 37% more coins than they did two months ago, it added before stating that this equated to approximately $3.8 billion in XRP added since their accumulation began on November 12. XRP investors are pleased to see the #3 market cap asset reach $2.69 today for the first time since December 17, 2024. This is being supported by continued enormous accumulation from wallets holding 1M-10M XRP, who own over 37% more coins than they did 2 months ago… pic.twitter.com/G3a3N5iSAS — Santiment (@santimentfeed) January 14, 2025 In a separate post on X on Jan. 15, Santiment said that there was increased optimism over the asset’s potential use in banking and financial transactions before adding: “There are predictions of significant price increases and market cap growth, as well as speculation surrounding potential ETF approvals that could lead to substantial investments in XRP.” XRP’s market capitalization is currently $160 billion, which ranks it third among all crypto assets but still a long way behind Ethereum and Bitcoin. Nevertheless, the Securities and Exchange Commission has refused to postpone the filing of a brief as part of the agency’s appeal of a judgment against the fintech firm. Ripple’s chief legal officer Stuart Alderoty said it was a “waste of time and taxpayer dollars” since Gary Gensler’s war on crypto was ending with him stepping down next week. Ripple CEO Brad Garlinghouse concurred, adding that Gensler was “very much on brand” and fully committed to his “failed regulation-by-enforcement agenda to the bitter, bitter end.” Gensler, very much on brand – completely dismissive of the 2024 election and the American public – fully commits to his failed ‘regulation-by-enforcement agenda to the bitter, bitter end. #Sad https://t.co/1FEzB8d13o — Brad Garlinghouse (@bgarlinghouse) January 14, 2025 Other Altcoins Outperforming Dogecoin (DOGE) was also performing well, with a 5% gain to top $0.36, while Cardano (ADA) made 6% on the day to reclaim the $1 level. Meanwhile, Ripple sibling Stellar Lumens (XLM) spiked 8% to tap $0.47. AI-related tokens got a boost from a recent report by Franklin Templeton, predicting that AI agents would revolutionize social media content generation this year. The post XRP Nears ATH Levels: Just 17% Away Amid Whale Accumulation and SEC Resistance appeared first on CryptoPotato . Bitcoin.com
$AIOS Trader Turns $570K Loss Into $755K Profit Amid Token Surge
A sharp market turnaround has allowed a trader to flip a $570K unrealized loss into a $755K profit in just two days. This investor initially spent 6,357 $SOL ($1.19M) to acquire 11.49M $AIOS tokens. Although the value of the holdings dropped, leaving the trader at a loss, the recent surge in $AIOS’s price has pushed their portfolio’s worth to $1.95M, yielding a substantial gain. The trader who spent $1.19M to buy $AIOS 2 days ago has now turned a $570K loss into a $755K profit. This trader spent 6,357 $SOL ($1.19M) to buy 11.49M $AIOS 2 days ago and lost $570K during the period. This 11.49M $AIOS is worth $1.95M currently, with an unrealized profit of… pic.twitter.com/ucMs7Uc6Tj — Lookonchain (@lookonchain) January 14, 2025 $AIOS Listing Fuels Price Momentum The token’s resurgence followed its listing on MexC and BingX’s Innovation Zone. Currently trading at $0.01331 ($AIOS/USDT) on the Solana network, $AIOS boasts a market cap of $67.6M and a total supply of 1 billion tokens. Developed by the AIOS Foundation, this AI Agent OS aims to simplify agent development by addressing key challenges like task scheduling through its Kernel and SDK, known as Cerebrum. Token Burn Sparks Investor Confidence The recent price surge can be attributed to the foundation’s decision to burn nearly 64% of the total $AIOS token supply, significantly reducing available tokens and boosting demand. This strategic move has drawn attention from investors and created momentum in the market. $AIOS Token: The $AIOS token is drawing attention following a major price surge. This came after the team decided to burn all foundation-owned $AIOS tokens, amounting to nearly 64% of the total token supply. — andrewwwww ( , ) (@andrewtalksdefi) January 14, 2025 AIOSChain: Building a Sustainable Ecosystem The AIOS Foundation is also building AIOSChain to establish a sustainable ecosystem for AIOS-Agent development. Upon AIOSChain’s mainnet launch, $AIOS tokens on the Solana network will be eligible for migration. Burnt tokens on Solana will be proportionately minted and permanently locked for staking on AIOSChain, ensuring long-term value for token holders. $AIOS @aios_foundation has been migrated to to the Innovation Zone, with a market cap now exceeding $100M! Trade $AIOS spot https://t.co/zlFS7c1GUe Trade $AIOS futures https://t.co/yrBGG0NlRU pic.twitter.com/lDi1gpMUtV — MEXC (@MEXC_Official) January 14, 2025 Conclusion With innovative technology, strategic tokenomics, and strong market performance, $AIOS is positioning itself as a promising player in the AI agent development space, making it a project to watch in the coming months. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Bitcoin.com