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Ripple CEO Expects SEC v XRP Case Resolution Shortly

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9 months ago

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Ripple CEO Brad Garlinghouse expects a resolution of the longstanding case with the Securities and Exchange Commission (SEC). The SEC and Ripple have seen several back-and-forths regarding the status of XRP as an institutional investment contract. Last year, a ruling gave Ripple a partial victory over the SEC which was celebrated as a landmark decision.

Ripple V SEC Saga Might Be Over Soon 

Brad Garlinghouse stated that the ruling on the case last year was clear from the judge however, the question of investment contracts sold to institutions remains the final piece. In a recent Bloomberg interview, Garlinghouse explained that while he expects a resolution on the last piece with the SEC, but can’t predict when the judge will give a final ruling.

Since, Dec 2020, Ripple and the financial regulator have engaged in a legal dispute with the SEC asserting that XRP is a security. While Ripple and the crypto community opposed that stance, the company gained a partial victory last year that is expected to reshape how crypto assets are viewed by regulators. The lawsuit affected the price of XRP as the asset hasn’t surged like others in the same period following a decline in sentiments.

At press time, XRP price stands at $0.576, a 5.5% decline in the last 24 hours after surging 28% last week. XRP bulls have made wild projections of the asset hitting $1 after its case with the SEC.

Garlinghouse Seeks Clear Rules

Like the wider crypto market, Garlinghouse stressed crypto regulation to prevent the proliferation of lawsuits and harsh policies of the SEC. According to him, SEC chair Gary Gensler is at war with the industry. Drawing lines with the European Union’s MiCA legislation, he added that the U.S. market needs clear rules.

“… and what frustrating as a US company and as someone who grew up here in the Midwest, it’s frustrating that we as a country can’t get that rules in place, the framework, and instead we have this interminable litigations coming from the SEC that isn’t really solving the problem.”

Also Read: Why is Russia Crypto Mining Dilemma Global Concern?

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David is a finance news contributor with 4 years of experience in Blockchain Technology and Cryptocurrencies. He is interested in learning about emerging technologies and has an eye for breaking news. Staying updated with trends, David reported in several niches including regulation, partnerships, crypto assets, stocks, NFTs, etc. Away from the financial markets, David goes cycling and horse riding.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Expert Calls On Pi Network To Burn Tokens To Revive Pi Coin Price

Published

2 hours ago

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April 5, 2025

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After Pi Network lost over 20% over the last week, analysts are mooting suggestions to save Pi Coin from slipping further. Pi Network enthusiast Dr Altcoin says the PiCoreTeam can inject new life in the short term by burning a considerable amount of Pi Coins.

Pi Network Has To Burn Pi Coins As A Quick Fix For Falling Prices

As the Pi Network price threatened to fall to $0.3, an expert has waded in to share solutions to stave off the decline. Community member Dr Altcoin opines that investors have to come to terms with the current reality of the network amid the steep decline.

According to an analysis on X, Dr Altcoin notes that a steeper correction will delay Pi Network from reaching a new all-time high. To prevent an even bigger drop, the expert urges the PiCoreTeam (PCT) to burn a large number of Pi Coins.

According to Dr Altcoin, burning Pi will be a short-term solution to address declining asset prices. By removing coins, Pi coins from circulation, tokens become scarce, driving up prices to trigger a rally.

“The quick fix?” asked Dr Altcoin. “The PCT should burn its damn billions of Pi Coins from those 20,000+ Pi Foundations wallets.”

Right out of the bat, the PCT controls over 80 billion Pi coins distributed across several wallets. While burning Pi can improve prices, a Pi token unlock has stoked bearish sentiments among investors, sending prices below $1.

Long-Term Plan For Pi Hangs In The Balance

While the short-term direction of Pi can be impacted by burning tokens, Dr Altcoin’s long-term fix leaves things to fate. The expert says there is little the PCT can do but to “wait” and “hope” for a long-term upward trajectory akin to Bitcoin.

“The long-term fix?” said Dr Altcoin. “Wait patiently and hope it evolves like BTC, not ends up like XRP.”

Despite waiting on their hands, there are a few things the PCT can do to put Pi Network on the right path. For starters, Dr Altcoin says the PCT can improve its Know Your Business (KYB) process for projects keen on building in the ecosystem. The PCT has caught some flak after PiDaoSwap launched NFTs on BSC following KYB delays.

Dr Altcoin adds that the PCT’s transparency in the token burn and unlock mechanism will play a role in Binance and Bybit listing Pi on their exchanges, potentially driving prices northward.

While Pi price has recorded double-digit losses in the seven-day chart, prices are upbeat over 24 hours. Pi price has surged by 18% while trading volumes are hurtling toward the $1 billion mark. Despite the surge, the asset is not in the clear yet as Pi musters its strength in an attempt to flip the $0.90 resistance point.

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Aliyu Pokima

Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Binance Unveils Major Backing For Bitcoin Staking Protocol Babylon, Here’s All

Published

6 hours ago

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April 5, 2025

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Cryptocurrency exchange giant Binance has captured significant investor attention with its latest announcement on the Bitcoin staking protocol, Babylon (BABY). On Saturday, April 5, the exchange revealed in an official announcement that users remain poised to partake in BABYUSDT perpetual contract trading shortly ahead. Mentioned below are some vital details market participants should know as they look to capitalize on such emerging market opportunities.

Binance Announces Futures Listing For Babylon

An official release by the crypto exchange revealed that its ‘Futures’ division is adding a BABYUSDT perpetual contract to its stockpile of offerings. Starting today at 13:30 UTC, the platform’s colossal user base can avail of this trade offering with up to 5x leverage.

Moving on to other details, the capped funding rate for this project was at +2.00% / -2.00%. Babylon is a Bitcoin staking protocol that permits users to stake their BTC in exchange for earning rewards.

Why Did Binance Add BABYUSDT?

According to the CEX’s announcement, this decision comes primarily to expand the list of trading choices offered to users on the platform. The crypto exchange titan continues to cement its global ranking by tapping into emerging markets across the globe.

What’s More?

Binance added that it will apply the ‘Mark Price’ methodology for the asset’s pre-market futures trading period. Notably, the BABYUSDT perpetual contract is a pre-market futures contract where the price is calculated strategically. Traders can move on to the official announcement to know more about ‘Mark Price.’

“Pre-market perpetual futures contracts will be converted to standard perpetual futures contracts when a stable index price can be derived from the spot market,” the top exchange clarified. Further, the pre-market trading end will be announced separately to avoid user misunderstanding.

Altogether, the enhanced market support for the Bitcoin staking protocol has captured noteworthy attention towards the project as one of the top crypto exchanges supports it.

Recent Listings On Binance Gain Traction

Simultaneously, it’s worth pointing out some other recent listings on the leading crypto exchange. CoinGape recently reported that the exchange listed Broccoli, TUT, and other 4 crypto and offered support to their market dynamics.

On the other hand, the CEX again sidelined the Pi Network listing despite the crypto’s burgeoning popularity. Crypto market watchers extensively eye the exchange’s trade offering updates in order to capitalize on emerging market opportunities.

Some other new and upcoming listings on Binance include Hyperliquid, Mantle, and Kaspa, among many others.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Pi Network on Free Fall, 4 Reasons Pi Coin Price Going to $0.1

Published

14 hours ago

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April 5, 2025

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Pi Network has been on a free fall over the past week, with another 20% crash in the last 24 hours, dropping all the way to $0.44, and falling out of the top 30 crypto list. Investors have lost hope for the Pi Coin price recovery amid expectations of another 60% fall to $0.1. Despite a few developments, the overall market sentiment for the altcoin has turned extremely bearish.

Pi Network Has Been On A Freefall

The Pi Network price has been respecting no support levels and has been facing strong selling pressure with daily trading volumes shooting to $500 million. This massive dumping comes as investors have been losing faith in the project amid delays in mainnet launch, KYC process, etc. As a result, several top crypto exchanges like Binance and Coinbase have distanced themselves from Pi Coin listing on their platforms.

On the other hand, PiDaoSwap has raised concerns over prolonged delays in receiving Know Your Business (KYB) approvals. As a temporary workaround, PiDaoSwap has opted to launch its non-fungible tokens (NFTs) on Binance Chain to maintain project momentum while awaiting regulatory clearance.

Additionally, other developments like the Banxa integration are also not working in Pi Network’s favor at the moment.

Four Reasons Pi Coin Price Could Drop to $0.1

Amid the very poor performance and 85% drop from its February high of $3.0, experts are now speculating that the Pi Coin price could drop to $0.1. The four main factors that can contribute to this are:

  • Mass Sell-Off Risk: With a community exceeding 60 million users, concerns are mounting over what could happen once unverified holders complete KYC. If a significant portion decides to cash out, the resulting supply flood could overwhelm the market. Currently, Pi Network has 6.79 billion tokens in circulation, with a max supply of 100 billion—leaving ample room for dilution.
  • Lack of Major Exchange Listings: Without listings on top-tier platforms like Binance or Coinbase, market confidence could falter. Pi may remain confined to mid-tier exchanges such as OKX and Gate.io, limiting liquidity and price stability.
  • Macro Market Weakness: A broader crypto market downturn—especially if Bitcoin drops below the $70K level—could trigger widespread altcoin selloffs. As a highly speculative asset, Pi would likely be among the hardest hit.
  • Stagnant Utility Growth: Projects like Zito Realty and PiFest have been cited as real-world applications, but if such initiatives fail to scale meaningfully, the ecosystem may lose momentum, driving Pi closer to penny-coin status.

Our Pi Coin price prediction shows the altcoin will be trading under $0.40 level over the next month. Looking at the current free fall, the Pi core team needs to step up to arrest the further downside, and regain trust within the community.

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Bhushan Akolkar

Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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