The Smartest Investors Club
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Smartest Investors Club

Investing

Crypto Market Recap: CFTC to Hold Crypto Industry Forum

by February 10, 2025
February 10, 2025
Crypto Market Recap: CFTC to Hold Crypto Industry Forum

Here’s a quick recap of the crypto landscape for Friday (February 7) as of 9:00 p.m. UTC.

Bitcoin and Ethereum price update

Bitcoin is trading at US$96,087, recording a 0.4 percent decrease over 24 hours as of the market’s close on Friday. The day’s trading range saw a high of US$100,097 and a low of US$95,746.

Meanwhile, Ether is priced at US$2,595.45, marking a decline of 3.7 percent over 24 hours. The cryptocurrency reached an intraday high of US$2,794.36 and a low of US$2,590.32.

Altcoin price update

SOL is currently valued at US$189.99, 1 percent lower over 24 hours, after hitting a daily high of US$202.86 and a low of US$189.95 as the markets closed for the weekend.

XRP rose to US$2.38 at the end of the trading day, marking a 2.2 percent increase. The cryptocurrency reached an intraday high of US$2.53 and a low of US$2.36.

SUI is trading at US$2.97, near its lowest valuation of the day and a 6 percent decline. It achieved a daily high of US$3.37 and a low of US$2.96.

Finally, ADA is down, priced at US$0.7041, reflecting a 0.6 percent decrease over 24 hours. Its highest price on Friday was US$0.7485 at the opening bell and its lowest was US$0.6994.

Crypto news to know

Acting Commodity Futures Trading Commission (CFTC) Chair Caroline Pham announced a forum where crypto CEOs from companies including Coinbase, Circle and Ripple can provide input on an upcoming digital asset pilot program.

Earlier this week, Pham said the CFTC will be dividing its task force into two main groups and will be “ending regulation by enforcement,” turning its attention to fraud and consumer protections instead.

Elsewhere, a US federal judge has decreed that Coinbase will be required to face allegations brought to it by the US Securities and Exchange Commission (SEC) in June 2023, rejecting the crypto exchange’s argument that it does not meet the criteria of a statutory seller. According to Reuters, US District Judge Paul Engelmayer said, “customers on Coinbase transact solely with Coinbase itself,” effectively concluding that Coinbase is a seller.

The SEC has also requested more time to reach a final decision regarding an application by Nasdaq’s International Securities Exchange to list options contracts for BlackRock’s iShares Ethereum Trust (ETHA).

The decision is now due in April of this year.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
Fewer people than ever before are marrying in China. But divorces are up
next post
‘Lighthorse’ Gold Discovery at Pinjin: Thick, High-grade Gold Intercepted at New Greenfields Find

You may also like

Cardiol Therapeutics Announces Publication of Research in the...

How to Invest in Rare Earth Metals

Alpha Lithium Files Notice of Change to Directors’...

Puma Exploration Drills Visible Gold in 2023 Drilling...

Zodiac Gold Announces Closing of First Tranche of...

Why is Cybersecurity Important? (Updated 2023)

Key Mining Approval Received for Fountain Head Gold...

Lithium Universe LtdBecancour Lithium Refinery Definitive Feasibility Study

Hertz Lithium Inc. Announces Acquisition of Canuck Lithium...

E-Tech Resources

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Denmark PM says ‘you cannot spy against an ally’ following reports of...

    • European leaders arrive in Kyiv in show of support for Ukraine

    • Mexico sues Google for changing ‘Gulf of Mexico’ to ‘Gulf of America’ after Trump’s order

    • Massachusetts suspect charged with attempting to assassinate a Cabinet nominee

    • Pakistan says it has struck military targets inside India in series of new attacks

    Categories

    • Business (1,633)
    • Investing (4,797)
    • Politics (7,548)
    • World (6,133)
    • Terms & Conditions
    • Privacy Policy
    • About us

    Disclaimer: thesmartestinvestorsclub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 thesmartestinvestorsclub.com | All Rights Reserved


    Back To Top