The crypto market witnessed significant developments this week, driven by regulatory shifts, institutional moves, and key legal resolutions. Below is a detailed breakdown:
Key Events Summary
- Federal Reserve maintained interest rates at 4.25%–4.5%, sparking market speculation.
- Ripple secured a landmark victory as the SEC dismissed its lawsuit against XRP.
- Canary Capital filed for a SUI ETF, amplifying bullish sentiment.
Federal Reserve Rate Decision
The U.S. Federal Reserve held interest rates steady, adopting a cautious approach amid macroeconomic uncertainty. Chair Jerome Powell reiterated that inflationary pressures are temporary, linked to tariff policies.
👉 Bitcoin surged to $84K following predictions of a potential rate cut by April. Meanwhile, the Bank of Japan and ECB echoed similar conservative stances, with warnings about crypto’s growing influence.
Ripple’s Legal Victory Over SEC
The SEC dropped its lawsuit against Ripple, marking a pivotal moment for XRP. CEO Brad Garlinghouse confirmed the withdrawal, lifting regulatory concerns and bolstering market confidence.
- XRP price stabilized above $2 despite a 2% weekly dip.
- Legal clarity strengthened Ripple’s position, with Chief Legal Officer Stuart Alderoty outlining next steps.
Pi Network Speculation
Pi Coin faced volatility, trading around $1** amid rumors of **129 million coins ($175M) unlocking. Adoption grew in Vietnam, but uncertainty persisted due to limited updates from the team.
Institutional Crypto Adoption
- North Carolina approved Bitcoin investments for state reserves (up to 10%).
- Canary Capital’s SUI ETF filing with the SEC fueled optimism.
- DeFi milestone: RWA TVL surpassed $10 billion, signaling mainstream traction.
👉 Binance Alpha 2.0 streamlined token purchases, while OKX paused DEX services under EU scrutiny.
FAQ Section
1. Why did the SEC dismiss the Ripple lawsuit?
The SEC withdrew its case against Ripple, citing insufficient grounds, a move seen as a win for regulatory clarity.
2. How did the Fed’s rate decision impact Bitcoin?
Stable rates and hints of future cuts drove Bitcoin to $84K, per BitMex CEO Arthur Hayes’ forecast.
3. What’s next for Pi Network?
Despite growing Asian adoption, Pi’s price hinges on project updates and unlocking schedules.
Highlighted News
- Fidelity launched an Ethereum-based tokenized treasury fund, expanding institutional crypto offerings.
Sneha, a crypto journalist, simplifies complex trends for readers. Follow her for actionable insights.
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