CLARITY Act Advances With Bipartisan and Crypto Industry Support
CLARITY Act Advances With Bipartisan and Crypto Industry Support
A landmark crypto bill has cleared pivotal House committees, setting the stage for sweeping regulatory clarity, jurisdictional certainty, and a surge in U.S.-based blockchain innovation. Crypto Bill Clears Key House HurdlesāCLARITY Act Redefines Market Boundaries U.S. House Financial Services Committee Chairman French Hill and House Agriculture Committee Chairman GT Thompson jointly announced on June 13 [ā¦]
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Analyst Drops Bearish Bombshell: Bitcoin To $93,500, Ethereum To $2,100, XRP To $1.6
Bitcoin has continued to hover around the $105,000 price level for the past 24 hours, a level which it has respected for most of the past seven days. Ethereum, on the other hand, is trying to hold above $2,500, while XRP is also holding its ground above $2.10 within the past 24 hours. Some analysts [ā¦]
UBS Sees Senate Rushing āOne Big, Beautiful Billā Toward High-Stakes Finale
UBS spotlights blistering Senate momentum on a sweeping economic bill packed with permanent tax incentives and trade reprieves, all under crushing pressure to meet July deadlines. UBS Sees Fast-Track Senate Action on Key Economic Bill Amid Trade Reprieves and Deadline Pressure Global investment bank and financial services giant UBS published its Washington Weekly report on [ā¦]
SEC, Ripple Approach Court Again Over $125 Million Escrow Fund ā Details
Ripple and the US Securities and Exchange Commission (SEC) have once again approached the US courts seeking an alteration to the structure of a $125 million escrow fund set aside for settlements. Notably, the five-year-long legal battle between both entities has significantly de-escalated over the past three months in line with other crypto-friendly developments of [ā¦]
XRP Ledger Expands Stablecoin Ecosystem as Ripple Drives Institutional Adoption With XRP
XRPL is surging as a global fintech powerhouse, attracting top stablecoins and unlocking XRPās role as a real-world liquidity engine. XRPL Emerges as Stablecoin Hub With USDC, RLUSD, XSGD Powering Global Payments Ripple shared insights on June 12 regarding the expansion of fiat-backed stablecoins on the XRP Ledger (XRPL), signaling the protocolās growing relevance in [ā¦]
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SUI Charts A Comeback: Inverse Head And Shoulders Signals Quiet Surge Ahead
After a period of pullbacks and choppy price action, SUI appears to be staging a technical comeback. Recent price movements have formed a classic Inverse Head and Shoulders pattern, often seen as a reliable bullish reversal signal. While the breakout hasnāt roared just yet, the structure forming beneath the surface suggests growing strength. Inverse Head And Shoulders Takes Shape On SUI Chart In a recent analysis shared on X, Cleanwater highlights a potential Inverse Head and Shoulders pattern forming on SUI. The move began with a dip from $3.74 on May 29th to $3.00 by May 31st, marking the initial correction. A strong bounce followed, pushing the price up to $3.39 on June 3rd, establishing the first neckline. Related Reading: SUI Meteoric Rise: Golden Cross Signals A Potential 380% Explosion The price then reversed again, dropping to $2.84 on June 5th, forming a key support zone and the āheadā of the pattern. However, a swift recovery brought SUI to $3.55 on June 10th, aligning with the neckline and reinforcing the setup. On June 13th, SUI saw one last dip to $2.91, which Cleanwater identifies as the final touch needed to validate the inverse head and shoulders formation. With the price now trading around $3.04, the setup hints at strong upside potential. According to Cleanwater, the Inverse Head and Shoulders pattern took shape with an initial dip, a slight recovery, and a second, deeper drop. A push to higher resistance followed this, then capped off by a final dip, shallower than the second and hovering near the level of the first. 4H And 1D Charts Align: Market Prepares For A Break The analyst also observed that a channel is forming on both the 4-hour and daily time frames, indicating that a breakout may be approaching. While itās difficult to predict exactly when a breakout will occur, the consistent price action within well-defined support and resistance zones shows growing strength. Sideways consolidation like this often precedes a significant move in either direction. Related Reading: Breakout In Sight? SUI Set To Test Crucial $3.5 Resistance With ATH In View In his personal view, Cleanwater leans bullish, suggesting thereās significant upside potential if momentum shifts in favor of the bulls. The repeated tests of resistance and support reinforce this view, hinting at a strong underlying structure. Though he canāt call the exact moment for a breakout, he believes the current setup favors those positioning early for a move. However, Cleanwater also expressed caution regarding the global economic environment, noting that broader news events have started to weigh on market sentiment. He sees the current range as a solid accumulation zone, but acknowledges that a bit more time is needed for the picture to fully develop. Featured image from Shutterstock, chart from Tradingview.com
Ripple and SEC Seek to End XRP DisputeāLawyer Sees 70% Chance Judge Will Approve Request
A top crypto lawyer predicts a 70% chance the court will approve Ripple and the SECās request to dissolve a key injunction and resolve financial penalties. Ripple and SEC Request Injunction ReliefāDeaton Predicts 70% Chance Court Will Approve Attorney and crypto advocate John E. Deaton stated on June 13 via social media platform X that [ā¦]
Crypto Evasion Under Fire: India Launches Major Enforcement Blitz
Indiaās tax authority has stepped up its game on crypto reporting. Thousands of taxpayers are getting notices about missing income from virtual digital assets. The move comes as part of a wider push to spot hidden gains and possible money laundering through digital tokens. Related Reading: $500 Million XRP Power Play: Singapore Giant Plans Massive [ā¦]