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The post Tim Draper Predicts Bitcoin Price Will ‘Blow Past $250,000’, Blames SEC for Delayed Rallies appeared first on Coinpedia Fintech News As the current bull market progresses, major questions loom for Bitcoin and the broader crypto landscape. After an impressive surge in early 2023—driven by ETF buying and potential Fed rate cuts—Bitcoin reached new heights even before its next halving. With global liquidity on the rise as central banks increase money supply to service debt, many are asking: Will we see a blow-off top by 2025? What could Bitcoin’s price trajectory look like in this evolving market? In an…

The post FTX Bankruptcy Plan Approved: How Much Will Creditors Really Get Back?  appeared first on Coinpedia Fintech News The bankrupt crypto exchange, FTX has scored a major win in its recovery plan efforts. The U.S. Bankruptcy Judge John Dorsey approved its plan to repay creditors. The fallen exchange will use its recovered assets worth $16.5 billion for the repayment. FTX filed for bankruptcy two years ago and since then millions of investors were in confusion about the fate of their funds. As the court has given a green flag for the recovery plan, creditors are now looking for possibilities…

The post U.S. Government Set to Auction $4.4 Billion in Bitcoin After Major Legal Win! appeared first on Coinpedia Fintech News The U.S. Supreme Court has put an end to the legal battle over 69,370 Bitcoin that were seized from the Silk Road dark web marketplace. These BTC are worth around $4.4 billion. By refusing to accept the case, the Court opened the way for the U.S. government to sell these bitcoin. Let’s explore what happened and what to expect next. Battle Born’s Claim Falls Short The legal tussle centered around a claim from Battle Born Investments, a company that…

The post 71% of SUI Traders Go Short on Binance, Time to Sell? appeared first on Coinpedia Fintech News SUI has gained massive attention from the crypto enthusiast following an impressive 13% of price surge over the past 24 hours. However, traders have started betting more on short positions. Traders’ Eyes on Price Decline According to on-chain analytics firm Coinglass, 71% of traders on Binance are currently holding short positions as they believe that the SUI price could fall in the coming days. In Addition, currently, 29% of traders hold long positions.  Source: Coinglass This on-chain data suggests that the…

The post XRP Bulls Take Charge, Will Price Reach $0.65? appeared first on Coinpedia Fintech News Despite price consolidation within a tight range at a support level, it appears that XRP bulls are back in the market as its trading volume skyrockets. On October 7, 2024, most top cryptocurrencies experienced a notable price surge, but XRP’s price has remained stable over the past 24 hours. XRP Current Price Momentum  Currently, XRP is trading near $0.538 and has experienced a modest price surge of 0.75% in the past 24 hours. During the same period, its trading volume has skyrocketed by 90%,…

Dogecoin (DOGE) now faces immense competition with other meme coins, and experts believe there are much better altcoins to bet on in the coming bull run. Neiro (NEIRO), Pepe (PEPE), Bonk (BONK), and ETFSwap (ETFS) all present unique profit opportunities. However, the standout pick of these altcoins is ETFSwap (ETFS), which capitalizes on its impressive underlying value to drive its price upwards. The ETFSwap (ETFS) presale is ongoing, and users can secure the last token spots before the final stage closes.     ETFSwap (ETFS) Set For The Biggest Altcoin Gain In 2024 ETFSwap (ETFS) is one of the most…

The post ‘The SEC Is Living In Past’: Tim Draper Slams Gary Gensler, Discusses Ripple Case appeared first on Coinpedia Fintech News With the recent Ripple appeal, the SEC and its chair Gary Gensler are back in the spotlight as the XRP community voices strong opposition to the agency. This new twist has extended the already delayed case timeline, with some speculating it could now stretch until 2026. American venture capital investor Tim Draper appeared on the Thinking Crypto podcast and discussed SEC’s recent actions and their impact. Ongoing Challenges for the SEC Draper noted that Gary Gensler, the SEC…

Mechanism Capital Co-Founder Predicts “Cat Season” Rally Focus Keyword: cat season crypto rally Andrew Kang, co-founder of Mechanism Capital, has sparked excitement in the crypto community with his recent comments on X (formerly Twitter), suggesting that a broader “cat season” rally could be on the horizon. According to Kang, the meme coin Popcat has already surpassed Floki in terms of market interest and is nearing the level of Bonk. Kang’s remarks point to the potential for a new rally led by cat-themed cryptocurrencies, as he identified MEW as a likely top performer due to its recent consolidation and listing on…

Dan Gallagher Considered Top Candidate for U.S. SEC Chair if Trump Wins: Politico Reports According to a report by Politico, Dan Gallagher, currently the Chief Legal Officer at Robinhood, is being considered a leading candidate to become the next chair of the U.S. Securities and Exchange Commission (SEC) if former President Donald Trump wins the upcoming U.S. presidential election. The report, which cites interviews with 12 former regulators and lobbyists, suggests that Gallagher’s potential nomination could signal a shift in regulatory direction for the financial watchdog under a new Trump administration. Gallagher, who previously served as an SEC commissioner from…

21Shares Calls for Standardized Crypto Regulations in UCITS Funds 21Shares, a leading provider of cryptocurrency exchange-traded products (ETPs), has urged the European Securities and Markets Authority (ESMA) to establish consistent regulations for the inclusion of cryptocurrencies in UCITS funds (Undertakings for the Collective Investment in Transferable Securities). The firm pointed out that the current regulatory landscape for UCITS funds across Europe is fragmented, with countries like Germany allowing UCITS funds to gain exposure to cryptocurrencies, while others like Luxembourg do not. According to CryptoSlate, Mandy Chiu, Head of Financial Product Development at 21Shares, emphasized that the lack of standardized rules…