China News by Thebittimes.Com

Summary ⚈ XRP’s 235% market cap surge since mid-2023 stems largely from Ripple’s court victories against the SEC. ⚈ Post-election optimism under President Trump and anticipation of a spot XRP ETF have added fuel to XRP’s recent breakout above $2. ⚈ A proposed May 2025 settlement could officially end the years-long legal battle and open the door to institutional inflows. Since its first major legal victory in the Ripple v. Securities and Exchange Commission (SEC) case, XRP’s market cap has more than tripled, driven by optimism around the legal clarity and broader bullish sentiment in the crypto space. On July 13, 2023, District Judge Analisa Torres ruled that XRP is not a security when sold to retail investors on public exchanges.  This landmark decision marked a turning point not just for Ripple but for the entire cryptocurrency industry, which had closely followed the SEC’s lawsuit since it began in December 2020. Following that ruling, XRP’s market perf...

Best Wallet ($BEST) has soared past $10 million in presale, further cementing its status as the top Web3 wallet in the crypto space. In less than a year, Best Wallet has gained over half a million users, with app installations growing 96.3% per month and 50% of users actively engaged.  Now, it has captured a solid amount of investor capital at an impressive pace, with a funding run rate of over $100,000 since the presale commenced just over three months ago. Yet, there are no signs of momentum slowing down, especially as Best Wallet expands its ecosystem with the addition of a debit card service, Best Card, alongside its wallet app and DEX. Best Wallet’s massive capital funding and surge in user growth are driven by its unique Features , which set it apart from competitors like MetaMask, Trust Wallet, and Exodus. These include superior transaction pricing and execution, along with a highly accurate project screener that helps investors spot ea...

The Fartcoin price has soared 15% in the last 24 hours to trade at $0.5075 as of 3:20 a.m. EST on a 15% jump in trading volume to $100 million. This surge has propelled Fartcoin’s market capitalization beyond $500 million, according to data from CoinGecko. Fartcoin Price Spikes Along The Parabolic Curve Fartcoin is currently trading at $0.5075, reflecting a 2.74% decline in the last session. Despite this slight pullback, the token has exhibited strong upward momentum, evidenced by a parabolic curve that indicates sustained buying interest. The recent rally has been supported by a key support zone at $0.20-$0.22, which acted as a launchpad for the price surge. On the upside, the resistance zone at $0.50-$0.52 is proving to be a critical barrier. A successful breakout above this level could pave the way for further gains. FARTCOINUSD Analysis Source: Dextools.io The moving averages further confirm the bullish trend. The 50-period moving average (currently at $0.2848) has...

Source: Adobe/JHVEPhoto The current crypto market downturn is comparable to the 2008 global financial crisis, and more regulatory oversight is needed, according to Christy Goldsmith Romero, commissioner of the Commodity Futures Trading Commission (CFTC). Speaking at a forum hosted by the International Swaps and Derivatives Association in New York on Wednesday, Romero said the crypto market has shown “vulnerabilities” similar to those in the global financial crisis, and stressed that contagion from crypto to traditional markets is a real risk. “Cryptocurrency was supposed to break from the traditional financial system, and all of its fragility and vulnerabilities. However, this spring, unregulated crypto markets revealed their vulnerabilities to similar financial stability risks as traditional finance, with parallel themes from the 2008 financial crisis,” Romero said. The Democrat-appointed CFTC commissioner further said that she is an advocat...

The Spanish crypto exchange player Bit2Me says that it has launched an API for banks and companies looking to get into the crypto space . An API is an Application Programming Interface, in essence, a software-based intermediary platform that lets two applications communicate with one other. For instance, a crypto exchange’s API could allow the trading platform’s app to “talk” to a banking app – or vice versa. In a press release shared by Bit2Me on Twitter, the exchange explained that the API would effectively allow banks “to offer the purchase and sale of [cryptoassets] to clients without the need to create an exchange&rdquo ; of their own. Bit2Me Pro trading data. (Source: CoinMarketCap) The service, the company said, has been “specially designed for regulated entities” – and traditional banks in particular. But the firm added that its new service “can also be used by other businesses,” including re...