🚨SEC may drop XRP lawsuit as pressure mounts

⚖️The SEC delays key crypto lawsuits, possibly stalling before dropping them, as leadership changes and Trump’s executive order reshape regulatory power.
The SEC is delaying major crypto lawsuits, possibly to buy time before dismissing them. This strategy was seen in the Coinbase case, where the Commission requested a deadline extension. However, it has yet to formally drop its most high-profile cases.
🧲Under Gary Gensler, the SEC pursued legal action against Ripple, Kraken, and other crypto firms. Now, as leadership changes, the agency appears less aggressive. The Ripple lawsuit, filed in December 2020, remains one of the most significant legal battles in the crypto sector. With an important April 16 court deadline, many speculate that the SEC might be reconsidering its stance.
According to reports from Capitol Hill, the Commission is prioritizing cases with imminent deadlines. “I’m told by multiple legal sources that the SEC has been focusing on cases with closer court deadlines, which might explain why we haven’t seen delay requests for the Ripple and Kraken lawsuits,” said journalist Eleanor Terrett.

🚨While the SEC requested a 30-day extension in its battle with Coinbase, no such move has been made in the Ripple case. The Commission has shown a willingness to drop smaller legal battles, but the XRP case has broader implications for U.S. crypto regulation. This means the agency might be hesitant to withdraw from it completely.
However, by April, several changes at the SEC could allow more flexibility in handling the Ripple lawsuit. The current Acting Chair, Mark Uyeda, is temporarily leading the Commission, and Paul Atkins is still awaiting Senate confirmation. If Atkins is formally approved, he could have the authority to make major decisions, including dropping the case.
Additionally, Congress recently formed its first Crypto Subcommittee, which is investigating regulatory overreach. If the findings support the idea that the SEC overstepped its jurisdiction in the Ripple case, it could pressure the agency to reconsider.
More significantly, President Trump may intervene. The Department of Government Oversight (D.O.G.E.) is already planning an investigation into SEC enforcement, and it operates under executive branch authority.
Last night, Trump escalated his policies, signing an executive order to establish direct federal oversight over regulatory agencies like the SEC and FTC. If implemented by April, this order could give the White House the power to compel the SEC to drop the Ripple lawsuit entirely.
“So-called independent agencies like the FTC and SEC have exercised enormous power over the American people without Presidential oversight. These agencies issue rules that cost billions of dollars and impact major policy issues. Now, they will no longer be able to impose rules without accountability,” Trump’s statement read.
This executive order has sparked intense debate. It centralizes federal power, and legal experts believe the Supreme Court may strike it down. However, it highlights how many different ways Trump could reshape U.S 🇺🇸. crypto regulation.
The SEC that first sued Ripple is no longer the same agency. While it hasn’t yet dropped the case, the shifting political and legal landscape may soon force a different outcome


@cryptoopdate

🆕Stellar Price Forecast: XLM’s Total Value Locked reaches over $62 million


⚡️Stellar price is trading inside a channel; a breakout would indicate bullish momentum.
DefiLlama data show that XLM’s TVL reached $62 million. 
The technical outlook projects a target of $0.74.
Stellar (XLM) price trades inside a channel pattern; a breakout indicates bullish momentum. Crypto intelligence tracker DefiLlama data shows that XLM’s TVL reaches $62 million while the technical outlookprojects a target of $0.74.
Stellar price could move higher on channel breakout
Stellar price trades inside a channel pattern formed by connecting multiple highs and lows with two trendlines from late November. This technical pattern breakout favors the bulls, and the target is generally obtained by measuring the distance between the first daily high and the first daily low to the breakout point. Moreover, XLM’s price has been retested, and support for its 200-day Exponential Moving Average (EMA) has been found at $0.284. At the time of writing on Thursday, it trades at around $0.343.
If XLM breaks decisively and closes above the parallel channel pattern around the $0.416 level, it could rally 77% to test its technical target at $0.740.

📈The Relative Strength Index (RSI) on the daily chart reads 45, bouncing off its oversold level of 30 last week, indicating mild strength in bullish momentum. For the bullish momentum to be sustained, the RSI must trade above its neutral level of 50 for the rally to continue.
The Moving Average Convergence Divergence (MACD) indicator, which shows a bullish crossover on the daily chart, further supports Stellar’s bullish outlook. The MACD line (blue line) trades above the signal line (yellow line), suggesting the bulls are buying. Additionally, it shows rising green histogram bars above its neutral line zero, indicating bullish momentum.

🧩XLM/USDT daily chart
Crypto intelligence tracker DefiLlama data shows that XLM’s TVL increased from $53.57 million on February 9 to $61.84 million on Thursday, constantly rising since February 3.
This increase in TVL indicates growing activity and interest within the Stellar ecosystem. It suggests that more users deposit or utilize assets within XLM-based protocols, adding credence to the bullish outlook.

@cryptoopdate

Hong Kong 🇭🇰 investment firm’s board gives nod to more Bitcoin buying


HK Asia ⚡️Holdings Limited has increased its Bitcoin holdings to nearly 9 BTC, just a week after the investment firm saw its share prices double after buying its first Bitcoin.
HK Asia, a Hong Kong-based investment firm, said in a Feb. 23 announcement that its board “has approved the Company to further increase its investment in Bitcoin” and shared that on Feb. 20, it purchased around 7.88 Bitcoin BTC $95,422 for a total cost of around $761,705.

It added that its latest Bitcoin buy was financed through internal resources and brought its total Bitcoin holdings to around 8.88 BTC, which it bought at an average cost of $97,021 per coin — around $861,500 in total.
On Feb. 16, HK Asia shared it purchased 1 BTC, which was enough for investors to pile into its stock the next day when markets reopened to boost its share price by nearly 93% by the close of trading on Feb. 17.
Shares in HK Asia were up by around 5.7% on Feb. 24 as of the lunch break on the Hong Kong Stock Exchange and were trading at around 6.66 Hong Kong dollars (86 cents), according to Google Finance.

HK Asia shares started Feb. 24 trading around 7 Hong Kong dollars (90 cents), up over 11% from its Friday, Feb. 21 close. Source: Google Finance 
If its current price holds, HK Asia’s stock could be set to close above its June 2019 all-time high of 6.50 Hong Kong dollars (84 cents), with its share price already up 1,700% so far this year.
HK Asia’s Bitcoin foray follows a recent trend of publicly traded firms buying the cryptocurrency with the aim of boosting company earnings.
In its announcement earlier this month, HK Asia said its board had seen the “increasing popularity of cryptocurrencies in the commercial world” as part of the reason for its initial BTC purchase.
The company said in its latest note that its Bitcoin buys are below the threshold for it to legally have to share its bought the cryptocurrency but made the announcement “on a voluntary basis.”
Bitcoin has traded flat over the past 24 hours and is currently down less than 1% to $95,537. It has traded below the psychologically important $100,000 level since Feb. 5 and is down 12% from its Jan. 20 peak of $108,786, according to CoinGecko.

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⚡️XRP Investors Cash Out $1.6 Billion Amid Market Stagnation – Arbitrage Trading Holds the Key

XRP investors have cashed out a massive $1.6 billion in profit-taking after six weeks of frustrating price stagnation, with arbitrage trading on xrparbitrage.com emerging as a critical lifeline. In just 24 hours, nearly 695 million XRP tokens hit the market, reflecting growing impatience among holders. This surge in selling, typical during extended consolidation phases, has ramped up pressure and stalled upward momentum.
Yet, amidst the chaos, long-term arbitrage trading holders on xrparbitrage.com stand firm, acting as a bedrock of support for XRP. The MVRV Long/Short Ratio reveals these savvy investors are still in the green, cushioning the market from a steeper fall. Their unshaken confidence is the linchpin keeping XRP’s vital support levels intact, even as short-term traders bail out.
The current consolidation has choked XRP’s growth, locking it in a tight range with no breakout in sight. Repeated attempts to smash through resistance have fizzled, leaving the token adrift. Without a jolt in market sentiment, this sideways grind could drag on—unless arbitrage traders on xrparbitrage.com seize the moment.
The risk is real: mounting sell-offs could test XRP’s fragile support zone. If it cracks, the outlook flips bearish fast, spelling trouble for investors. Long-term arbitrage holders are the market’s ace in the hole, but a tidal wave of selling could still upend this delicate equilibrium.
In short, XRP is wrestling with investor unrest, escalating profit-taking, and a stubborn price rut. While arbitrage trading on xrparbitrage.com provides a stabilizing edge, the clock’s ticking—any spike in selling pressure could tip the scales. Stay ahead of the game: by this weekend or next week, we’ll drop exclusive guides on mastering XRP arbitrage trading at xrparbitrage.com to unlock high-volume profits in any market.

@cryptoopdate