DeFI News by Thebittimes.Com

The XRP price plunged 3% in the last 24 hours to trade at $2.57 as of 11:28 p.m. EST on trading volume that rose 48% to $5.2 billion. The Ripple token’s performance continues to be volatile, driven by shifting sentiment around the Securities and Exchange Commission (SEC) case against the sale of XRP. Much of XRP’s recent strength comes from speculation that the SEC may abandon its appeal, allowing Ripple to operate without looming legal threats. Arthur Azizov, CEO at the crypto business B2BinPay, bullishly believes that XRP could reach a price range of $5 to $7 in the first half of 2025. Despite being the 3rd largest cryptocurrency by market cap (excluding Tether as a stable coin), no mention of XRP below. I’m surprised considering XRP is one of the few cryptocurrencies to finish December trading in the green. I don’t do price predictions but Barron’s recently… https://t.co/scamKncLKT — John E Deaton (@JohnEDeaton1) January 1, 2025 XRP...

The Ethereum price has slumped 3% in the last 24 hours to trade at $3602 as of 8:50 a.m. EST on a 54% jump in trading volume to $41 billion. Despite the plunge in the ETH price, analysts at research and brokerage firm Bernstein say that staking yields for spot Ethereum ETFs (exchange-traded funds) in the US are likely to be approved by the incoming administration of Donald Trump. Bernstein analysts are bullish on Ethereum's potential, with staking yields for spot ETFs possibly getting approved under the crypto-friendly "Trump 2.0" SEC. Despite a rough year, $ETH's strong fundamentals and rising blockchain activity could fuel a major rally. Are we… — Aiura (@Aiura_AI) December 2, 2024 The Securities and Exchange Commission denied staking yields from being offered by Ethereum ETFs it approved earlier this year. “Under a new, crypto-friendly Trump 2.0 SEC, ETH staking yields will likely be approved,” Bernstein said. Ethereum Price Gears Up For Another Bulli...