Rich People Trades
  • Business
  • World News
  • Politics
  • Investing
  • Business
  • World News
  • Politics
  • Investing

Rich People Trades

Investing

Crypto Market Recap: CFTC to Hold Crypto Industry Forum

by admin 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

previous post
Trump freezes aid to South Africa over controversial land law, claiming discrimination against White farmers
next post
Lithium Universe LtdMOU Signed with Lafarge Canada Inc.

Related Posts

Tartana executes HOA to process Copper Ore in...

April 14, 2025

Strong drilling results point to growth and upgrades...

March 18, 2025

Quimbaya Gold Completes Final Payment on Four Tahami...

March 13, 2025

McDermitt Project Fast-Tracked Under U.S. FAST-41 Initiative

April 22, 2025

Tech Stocks, Cryptocurrencies Pull Back as OpenAI Competitor...

January 28, 2025

Altech – CERENERGY Cells Test Safe Under Extreme...

April 3, 2025

Google’s Ad Tech Business Faces Uncertainty After Court...

April 18, 2025

NorthStar Gaming to Host Q4 and Year-End 2024...

April 18, 2025

Potash Fertilizers: What’s the Difference Between SOP and...

January 25, 2025

Empire Metals Limited Announces Conference Presentations in Australia...

May 3, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


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

    Editors’ Picks

    • 1

      First lady Melania Trump’s new official portrait revealed

      January 28, 2025
    • 2

      Health experts prep Dem lawmakers on anti-vaccine arguments ahead of RFK Jr’s confirmation hearings

      January 28, 2025
    • 3

      Vale Launches Strategic Review of Thompson Nickel Operations Amid Market Challenges

      January 28, 2025
    • 4

      ECOWAS pledges to ‘keep door open’ after 3 coup-hit West African nations exit regional bloc

      January 30, 2025
    • 5

      American fighters are dying in Ukraine in growing numbers. Bringing their bodies home is a complex task

      January 30, 2025
    • 6

      Scorched-earth Shanahan: RFK Jr’s former running mate threatens political war against confirmation opponents

      January 30, 2025
    • 7

      Coral bleaching on Australia’s Great Barrier Reef reaches ‘catastrophic’ levels, study finds

      January 23, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: richpeopletrades.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 © 2025 richpeopletrades.com | All Rights Reserved