News

⚖️ 18 States Sue US SEC For Constitutional Overreach In Crypto Regulation

Eighteen US states have filed a lawsuit against the Securities and Exchange Commission (SEC), its commissioners, and the SEC Chairman, Gary Gensler, for unconstitutional overreach and unfair persecution of the cryptocurrency industry.

This lawsuit puts into sharp focus a simmering tension between federal regulators and state governments about the proper scope of regulation in the digital asset space.

🇺🇸 Michael Saylor, Cynthia Lummis Confirm Bitcoin Can Offset $16 Trillion US Debt

MicroStrategy Chairman Michael Saylor and Wyoming Senator Cynthia Lummis are making all efforts to bring a strategic Bitcoin reserve for the United States. During his latest CNBC interview, Saylor stated that accumulating one million BTC over the next five years will help to reduce the US national debt by a staggering $16 trillion. This means cutting off a staggering 45% of its current debt figures.

🌐 Bitwise Files for Multi-Crypto ETF After Gary Gensler Resignation Hint

Asset manager Bitwise filed for a multi-crypto ETF comprising a basket of digital assets on Thursday, as the chorus grows for the resignation of SEC Chair Gary Gensler. The Bitwise 10 Crypto Index Fund (BITW) will comprise a basket of 10 digital assets, probably the largest by market cap. This will make crypto investing simpler for retail players looking to seek exposure across multiple digital assets.

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Markets

📊 Crypto Prices Today Nov 15: BTC Dips To $87K, XRP & HBAR Up 13-15%

The crypto prices today have illustrated a set of mixed actions, sparking investor speculations globally. Bitcoin (BTC) price reversed previous gains to rest at $87K, whereas Ethereum (ETH) and Solana (SOL) prices followed. However, Ripple’s XRP continued to pump strongly, emerging as the day’s top gainer. Further, even Hedera (HBAR) price soared to emerge as the day’s leading gainer.

Besides, the global crypto market cap witnessed a 1.67% decrease in value to $2.29 trillion today. Moreover, the total market volume recorded a 25.67% dip to $228.65 billion.

⚠️ Bitcoin Price Crash: Here’s Why BTC Price Is Falling Today

The BTC price has been on the investors’ radar lately, especially as the crypto has noted a retreat today. This dip comes as the crypto has recently touched its ATH crossing the $93,000 mark this week. Now, as investors seek clarity on the potential factors that might have triggered the recent pullback, we explore some of the top reasons behind the BTC slump.

📈 Why Ethereum Price is Up 0.87% Today as ETH Trades At $3088?

The Ethereum price trades at $3,042 after crashing nearly 11% in the past three days. As of Novemeber 15, ETH is up 0.87%. This downtick is not in line with Bitcoin, which is up 0.52% today. This shows weakness among altcoins despiet the steady uptrend with BTC. If this trend keeps up value of ETH could suffer another drop soon.