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Texas-based apparel company Beba and crypto lobby group DeFi Education Fund have withdrawn a 2024 lawsuit against the US Securities and Exchange Commission (SEC) over its approach to airdrops, citing a recent shift in the regulator’s approach to crypto.Beba launched a free token airdrop in March 2024 and, together with the DeFi Education Fund, filed a pre-enforcement challenge against the SEC that year.The lawsuit alleged the regulator had adopted its digital asset enforcement policy without a formal notice-and-comment rulemaking process, in violation of the Administrative Procedure Act.The voluntary dismissal, filed in the US District Court for the Western District of…

Solana started a fresh increase above the $92 zone. SOL price is now consolidating near $95 and might aim for more gains above the $98 zone. SOL price started a fresh upward move above the $92 and $95 levels against the US Dollar. The price is now trading above $92 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $94 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $98 resistance zone. Solana Price Rallies Over 5% Solana price started a…

The Shiba Inu price is trading at $0.0000061, trapped between a sudden surge in deflationary activity and a suffocating macro sentiment backdrop. As the community successfully removed over 68M tokens from circulation in the last 24 hours, spiking the SHIB burn rate significantly, the token enjoyed a +2.7% pump overnight as the meme coin sector continues to gain momentum. SHIB burn rate surges +45% — 6.8M+ tokens torched in 24h as Shibarium txs spike & whales keep stacking off exchanges (exchange supply hitting lows). FHE privacy upgrade on track for Q2: full confidential txs + shielded DeFi loading. Ecosystem heating…

Two weeks into a Middle Eastern war and bitcoin is higher than where it started.The largest cryptocurrency was trading at $71,000 on Saturday morning, down 0.7% over the past 24 hours after the U.S. bombed military targets on Kharg Island, Iran’s main crude export facility. The reversal from Friday’s $73,838 high was sharp but contained. Bitcoin gave back 3.5% on the Kharg headlines and stopped. A month ago, a comparable escalation would have triggered a much deeper sell-off.The weekly numbers tell the resilience story. Bitcoin is up 4.2% over seven days. Ether gained 5.5% to $2,090. Dogecoin added 5%. Solana…

More than $246 million in crypto futures positions were wiped out in a single day as Bitcoin reversed sharply on Thursday, punishing traders who had bet against the market. The leading cryptocurrency climbed back to around $73,300 — a gain of roughly 4.5% over 24 hours — after a stretch of selling had dragged prices into the high $60,000 range. Related Reading The move carried the hallmarks of a short squeeze. Funding rates had gone deeply negative in the days before the reversal, a sign that bearish bets had piled up on exchanges. When prices turned higher, those positions were…

Bitcoin miners are caught in the tightest squeeze of the network’s history, and a new Wintermute report argues that simply waiting for the next bull run is no longer a strategy.  Instead, the firm says miners will have to reinvent themselves as infrastructure and treasury managers if they want to make it to the next halving. Wintermute analyst Jasper De Maere says the current mining cycle is structurally different from prior ones in 2018 and 2022. Bitcoin’s design cuts block rewards in half every four years, but this time the price has not doubled over the same window, which means…

BlackRock’s digital assets head, Robert Mitchnick, said the $14 trillion asset manager won’t get too creative with the types of crypto exchange-traded funds it offers, even as it launched a staking-focused Ether ETF on Thursday.Speaking on CNBC’s Crypto World segment on Friday, Mitchnick acknowledged that some of the crypto ETF structures that other asset managers are experimenting with may appeal to certain investors, but said BlackRock will continue to take a more measured approach:”Will we see some more exotic structures coming into the space? I think no question,” Mitchnick said. “Some of those will be interesting. Some of them will…

Are you looking for the best crypto payment gateway? Your choice of a crypto payment gateway influences how smoothly your business can accept Bitcoin and other cryptocurrencies. It also allows you to expand your customer base, streamline transactions, and stay ahead in the ever-evolving digital economy. Choosing the right gateway is crucial for ensuring security, efficiency, and customer satisfaction.In this article, we help you by exploring the best crypto payment gateways, guiding you on how to set up a crypto payment gateway, and sharing insights into how we chose the top options. Whether you’re a small business or a large…

Bitcoin’s network has been running nonstop since 2009. The question nobody had rigorously answered until now is what it would actually take to break it.Researchers at the Cambridge Centre for Alternative Finance last week published the first longitudinal study of Bitcoin blockchain’s resilience to physical infrastructure disruption, analyzing 11 years of peer-to-peer network data against 68 verified submarine cable fault events.The headline finding is that between 72% and 92% of the world’s inter-country submarine cables would need to fail simultaneously before Bitcoin experiences significant node disconnection.In a world where the Strait of Hormuz is currently disrupted and infrastructure vulnerability is…

The PI token exceeded $0.23 earlier today before it retraced slightly. The updates recently implemented by the team, as well as the upcoming ones, continue to benefit Pi Network’s underlying asset, as PI is among the few alts in the green today. Aside from the expected completion of protocol v20.2 upgrade by tomorrow, the Pi Network community is also anticipating Pi Day – March 14. Pi’s Upcoming Updates The past several weeks have been quite eventful for Pi Network, especially in terms of upgrades and price movements. On February 21, the team announced that the protocol v19.6 migration was successfully…