News
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SOL rallies near all-time high upon news of SEC engaging with Solana ETF applications
Solana (SOL) tested its all-time high resistance of $259.9 on Thursday after recent reports suggested that the Securities & Exchange Commission (SEC) has begun reviewing proposals for Solana exchange-traded funds (ETFs).
Fxstreet
Thu, Nov 21
DeepSeek challenges OpenAI with transparent AI breakthrough, beating OpenAI in 3 parameters
DeepSeek, a China-based AI company has launched DeepSeek-R1-Lite-Preview for better reasoning and problem-solving capabilities. Announced in a post on X, the system is positioned as a competitor to industry leaders like OpenAI. Commentators believe that DeepSeek’s transparency is ironic when companies in the West have not addressed these gaps. DeepSeek AI’s new launch can do […]Cryptopolitan
Thu, Nov 21
Ripple's XRP eyes 45% rally following SEC Chair resignation, new ETP launch
Ripple's XRP trades near $1.18, posting a 10% gain on Thursday following reports of Securities & Exchange Commission (SEC) Chair Gary Gensler's upcoming resignation and the launch of WisdomTree Physical XRP ETP in Europe.
Fxstreet
Thu, Nov 21
Crypto scores another victory as SEC Chair Gary Gensler set to leave agency in January
In a press release on Thursday, the Securities & Exchange Commission (SEC) announced that its Chair Gary Gensler, who began his tenure in April 2021, will be stepping down from office on January 20, 2025, one year before his tenure is supposed to end.
Fxstreet
Thu, Nov 21
FTX finalizes Chapter 11 plan, distributions expected by January 2025
FTX is finally wrapping up its Chapter 11 bankruptcy nightmare. The once-dominant crypto exchange, which imploded in one of the most shocking financial collapses ever, announced it’s on track to start paying creditors and customers early next year. Billions have been recovered so far, and the company says it’s ready to hit the “go” button […]Cryptopolitan
Thu, Nov 21
Former CSRC director Yao Qian implicated in cryptocurrency bribery scandal
Yao Qian, former director at the China Securities Regulatory Commission (CSRC), has been accused of accepting bribes through cryptocurrency transactions, allegedly misusing his regulatory position for personal gain. The Central Commission for Discipline Inspection (CCDI) provided details of Yao’s corruption, which is a high-profile case in China’s fight against corruption. Cryptocurrency Misuse and Power Exchange […]Cryptopolitan
Thu, Nov 21
Former CFTC Chair Chris Giancarlo is Trump’s top pick for Crypto Czar
Chris Giancarlo, famously known as “Crypto Dad,” is Trump’s leading choice for the newly proposed White House Crypto Czar role. The position, still unofficial, would oversee the sprawling $3 trillion market under a Trump administration eager to rewrite the rules of crypto engagement. Sources close to the Trump transition team reportedly revealed that Giancarlo’s policy […]Cryptopolitan
Thu, Nov 21
Baidu experiences worst quarter sales decline in two years
Chinese tech giant Baidu recorded its worst quarter in more than 24 months as the country’s economy was not conducive to Baidu’s push into generative AI. For the quarter ending September, Baidu saw its revenue drop by 3% to $4.6 billion which was in tandem with the projections analysts had made. The tech company’s shares […]Cryptopolitan
Thu, Nov 21
Meme coin searches reach a peak, hint at mainstream interest
Searches for ‘meme coin’ have trended, reaching 100 points on Google. After several meme coin cycles, the term is showing signs of mainstream interest. Searches for ‘meme coin’ on Google hint at widening mainstream interest. Both meme coin and meme coins searches are up to their highest level in five years. This time around, search […]Cryptopolitan
Thu, Nov 21
Ripple CLO urges new SEC leadership to “end all non-fraud crypto litigation on day 1”
Stuart Alderoty, Ripple’s Chief Legal Officer, has outlined critical recommendations for the future leadership of the U.S. Securities and Exchange Commission (SEC). As the debates continue about a possible change of leadership, Alderoty has stressed that urgent actions are required for digital currencies to coexist with existing laws. A lot of unsolicited advice on here […]Cryptopolitan
Thu, Nov 21
