Crypto News Live Updates: Bitcoin, Ethereum, XRP Plunge; Coinbase Argues Against SEC

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Crypto News Live Updates: Coinbase continued its arguments for dismissal of the lawsuit arguing that the SEC’s overreach in regulating crypto with years-old securities laws. Judge Faila came strong on the SEC over its lack of understanding of digital assets and its use of definition of an investment contact. Failla closed the hearing by making it clear she was not going to rule from the bench and for both parties to take that “as the compliment that it is.”

The crypto market cap has declined more than 1% to $1.68 trillion as altcoins pared back gains in the last few days. Bitcoin price chart looks weak, falling 1% to move further lower to $42,200, with a complete lack of trading volume. Top altcoins including Ethereum losing support level, with ETH price trading 2% lower at $2,520. Solana price holds ground near $100.

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12:28:36 PM IST, 18 January 2024

Crypto News LIVE: Thailand SEC Unshackles Limitations On Digital Token Investment

The Thailand Securities and Exchange Commission recently ruled out plans to free up constraints orbiting digital token investments. With this, the regulatory body aims to foster a new era for crypto market fanatics within the nation, eyeing a more revolutionized crypto infrastructure.

12:08:05 PM IST, 18 January 2024

Crypto News LIVE: BNB Bridge Exploiter Liquidated

According to recent data unveiled by PeckShield Alert, the BNB Bridge exploiter has been liquidated. This liquidation involved 5.82 million vBNB, worth $42 million, by the whitelist liquidator 0x0870…cf43.

11:37:18 AM IST, 18 January 2024

Crypto News LIVE: Wallet Linked To TRON Founder Justin Sun Withdraws Significant Assets From Binance

TRON founder Justin Sun’s wallet address 0x9fcc… recently withdrew $3.54 million worth of digital assets from Binance. As per on-chain data, these assets included LINK, FLOKI, MANA, SHIB, and BAND.

11:17:27 AM IST, 18 January 2024

Crypto News LIVE: Shiba Inu Community Dumps 25 Mln SHIB To Dead Wallet

As per recent on-chain data unveiled by Shibburn, the Shiba crypto community transferred a staggering 25.01 million SHIB to a dead wallet.

11:02:22 AM IST, 18 January 2024

Crypto News LIVE: MAS Rejects Bitcoin Spot Bitcoin ETF Listing in Singapore

The Monetary Authority of Singapore recently stated that it would not permit a Bitcoin spot ETF to be listed within the nation. This decision comes following the country’s persisting stance on crypto, declaring tokens such as Bitcoin an ineligible asset for the ETF in Singapore. However, the country’s retail investors can still purchase it through licensed intermediaries.

10:12:25 AM IST, 18 January 2024

Crypto News Live: Donald Trump Counters US CBDC Launch

U.S. presidential candidate and former president Donald Trump promised to “never allow” the Federal Reserve to create a central bank digital currency (CBDC).

“As your president, I will never allow the creation of a Central Bank Digital Currency. Such a currency would give the federal government absolute control over your money.”

09:37:34 AM IST, 18 January 2024

Crypto News Live: TUSD Depegs To $0.971

TrueUSD (TUSD) stablecoin has depegged to a low of $0.9715 amid major selloff and collateral challenges. The market cap plunges to $1.86 billion.

09:20:39 AM IST, 18 January 2024

Crypto News Live: Stripe Prohibits Customers Selling Crypto Mining Hardware

Crypto community criticized Stripe’s move to prohibit its customers from selling crypto mining hardware.

09:08:33 AM IST, 18 January 2024

Crypto News Live: Coinbase CLO Fires Back At SEC

Paul Grewal, chief legal officer of Coinbase, made a series of attacks on the SEC regarding overreach. Grewal said, “The SEC cannot unilaterally expand and redefine its own regulatory ambit. This should be left up to Congress and the ongoing legislative discussions about regulatory frameworks that are currently taking place.”

09:04:41 AM IST, 18 January 2024

Crypto News Live: Franklin Templeton Sets Eyes on Ethereum & Solana

Franklin Templeton sets sights on benefits of layer 1 blockchain Solana and Ethereum, after recent focus on Bitcoin. “We believe as blockchains improve in fees and performance, the potential use cases that are unlocked grow exponentially. Improving the economics and experience for the end user cannot be overstated.”