In its first meeting since President Donald Trump took office, the Federal Open Market Committee (FOMC) maintained the benchmark federal funds rate at the current range between 4.25% and 4.50% and will slow its quantitative tightening."Recent indicators suggest that economic activity has continued t

The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.Happy Wednesday! While Trump's crypto working group director Bo Hines recently stated that the U.S. government is exploring various ways to accumulate as much bitcoin as possible without re

Today in crypto, the United States Securities and Exchange Commission (SEC) dropped its multi-year enforcement action against Ripple. Crypto lawyer John Deaton chimed in on the development, telling Cointelegraph that the SEC’s allegation that XRP is a security is dead in its tracks. Meanwhile, an i

The operators of the sanctioned crypto exchange Garantex have reportedly spun up a new trading platform, according to analytics firm Global Ledger. The new exchange, Grinex, is also allegedly operated out of Russia."Swiss blockchain analytics company Global Ledger has completed its investigation and

Solana has been struggling since late January, experiencing a sharp decline alongside the broader crypto market. SOL has lost over 60% of its value, with bulls now fighting to hold onto current price levels. Analysts remain skeptical, calling for a continuation of the downtrend as Solana struggles t

The dollar pared gains against the euro on Wednesday, after the Federal Reserve held interest rates steady as expected, but indicated policymakers expect to cut borrowing costs by half a percentage point by the end of this year. Policymakers projected likely two quarter-point interest-rate cu

By Dennis KelleherAbout the author: Dennis Kelleher is president, CEO, and co-founder of Better Markets.President Donald Trump recently announced he would create what he called a "strategic crypto reserve." This proposal not only lacks any real basis in economic logic but raises serious concerns abo

Ethereum’s price has now found itself stuck below $2,000 in the past seven days, and it looks like it will continue here into the next few days with little sign of a significant recovery. The second-largest cryptocurrency by market capitalization has struggled under downward pressure since early Mar

Chicago-based exchange and clearinghouse Bitnomial says it decided to dismiss its case against the U.S. Securities and Exchange Commission over what it called "inappropriate" jurisdiction over its XRP futures product.Bitnomial's lawyers filed a "notice of voluntary dismissal" on Wednesday in the U.S

The US Securities and Exchange Commission dropping its appeal against Ripple is the “final exclamation point that these [XRP] tokens are considered digital commodities, not securities,” crypto lawyer John Deaton told Cointelegraph.Deaton added that there is still a $125-million judgment against Ripp

In a landmark decision, the SEC has officially dropped its appeal and lawsuit against Ripple Labs, as announced by Ripple CEO Brad Garlinghouse. This development brings an end to a multi-year legal battle that has significantly impacted the crypto industry and XRP.SEC Vs Ripple Is Finally OverThe SE

Ripple CEO Brad Garlinghouse said Wednesday that his company's legal battle with the U.S. Securities and Exchange Commission has ended."As many of you know, just over four years ago, the United States SEC filed its lawsuit against Ripple. I'm finally able to announce that this case has ended. It's o

Utila, an institutional crypto wallet platform, has raised $18 million in a Series A funding round as demand for stablecoin payments, tokenization and treasury management grow. Nyca Partners led the round, with participation from Wing VC, NFX, Haymaker Ventures, Gaingels and Cerca Partners, Utila sa

The dollar rose across the board on Wednesday, bouncing back from multi-month lows as traders eyed the Federal Reserve's meeting outcome later in the day for clues to the path of U.S. interest rates.The buck also found some support from a brief jump in volatility after authorities detained Turkish p

By Cheryl Winokur MunkAttention crypto investors: Being careless will cost you.As cryptocurrencies gain in popularity, cybercriminals are adopting increasingly sophisticated methods to bilk investors, using artificial intelligence to create scams that are more convincing and more customized to each

Ethereum core developers plan to end support for the Holesky testnet in September 2025 — and are transitioning its role and preparing for its eventual deprecation. Deprecating testnets is standard practice, and Ethereum developers have previously discontinued testnets such as Kiln, Ropsten, Rinkeby

On Tuesday, an infamous trader nicknamed the "Hyperliquid whale" closed a leveraged short bitcoin position of over half a billion dollars on the decentralized perpetual trading platform.Blockchain analytics platform Spot On Chain identified the trader's wallet address as "0xf3F…7057c." The wallet ha

U.S. spot bitcoin exchange-traded funds saw their third consecutive day of total daily net inflows on Tuesday, while spot ether ETFs reached a record net outflow streak.According to data from SoSoValue, U.S. spot bitcoin ETFs had a total daily net inflow of $209 million. The three-day net inflows ma

Data Center Alley, a 30-square-mile stretch outside Washington D.C. and home to more than 200 data centers, consumes roughly the same electricity as Boston. So power company officials were alarmed when a big chunk of those centers - 60 of them - suddenly dropped off the grid one day last summer and

Raydium’s native token, RAY, soared during the early hours of the Asian session. The surge comes after the Solana-based decentralized exchange (DEX) and automated market maker (AMM) announced plans for its token launchpad, LaunchLab.Token launchpads continue to flood the crypto space, providing an a