- CoinGape's Newsletter
- Posts
- 🚨 Is the US Fed Steering Crypto Custody Towards Centralization?
🚨 Is the US Fed Steering Crypto Custody Towards Centralization?
News
The recent crackdown of US Fed on crypto custody solutions provider has raised question over centralization of storage and other policies.
The US Federal Reserve has been going after several crypto-friendly banks looking to offer crypto custody services to several market players. In another such crackdown, the US Fed issued a cease-and-desist order to Dallas-based United Texas Bank citing major “deficiencies” in following the anti-money laundering rules linked to the bank’s dealing with crypto firms.
Judge Torres approves request by Ripple to hold off $125 million until clarity on appeal in lawsuit. Will XRP price drop?
New York District Court Judge Torres has approved a proposed order by Ripple to hold a $125 million penalty as the US Securities and Exchange Commission (SEC) mulls appeal. The move comes as the company remains uncertain about paying the penalty as the SEC hints at the potential appeal of rulings in XRP lawsuit.
The page lists some of the most popular meme coins and tokens available for trading right now. Our in-house experts have researched and profiled the top meme coins to invest in today.
Markets
Bitcoin price today rests at $57K, while the broader market regains an upward movement. INJ & 1INCH prices soar.
Following a recent slumping market, the crypto prices today have ignited investor curiosity globally. Bitcoin (BTC) price prevented further downside momentum and retained a hold at the $57K price level today. Whereas, Ethereum (ETH) and Solana (SOL) traded dominantly in the green territory. XRP traded with quite the volatility, while altcoins Injective (INJ) and 1INCH prices rocketed remarkably over the past day.
Chainlink price drop may reverse as following its new integration, with a potential breakout above $12.00 pushing LINK toward $15.00 or higher in the coming weeks.
Chainlink price took a hit in the last week, dropping more than 10% as the whole market cap shrank. Nevertheless, the fintech company has been expanding its reach in the crypto space, with the latest integration being Sonic (previously Fantom). Link price is currently in a bullish market structure that may resolve in an upward swing that may catapult Chainlink price to $15.
Ethereum ETF by Monochrome aims to enhance Australia's crypto market, potentially pushing ETH prices to $4,500.
Monochrome has officially applied to list a new Ethereum ETF on Cboe Australia, which could enhance the country’s crypto landscape. Named IETH, this proposed exchange-traded fund seeks to provide retail investors with a regulated pathway to invest in Ethereum, the second-largest crypto by market capitalization.