Senin, 14 April 2025

🧟‍♀️$100K Bitcoin isn't dead, XRP case paused


Bitcoin's six-figure dream is still alive, Ripple and SEC hit pause on appeals, and more.	͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏	View in browser

Your weekly roundup of the 🔥hottest news in crypto:

Bitcoin $100K target isn't dead, SEC and Ripple pause appeals in XRP case

Apr. 6 - 12

#1

SEC, Ripple file joint motion to pause appeals in XRP case

The US Securities and Exchange Commission and blockchain payments firm Ripple agreed to pause their appeals in the ongoing XRP legal battle, signaling a potential move toward a final settlement.

The SEC and Ripple agreed to put their appeals in "abeyance," meaning the proceedings are now paused pending an anticipated settlement of the XRP case.

"An abeyance would conserve judicial and party resources while the parties continue to pursue a negotiated resolution of this matter," the parties jointly stated in an April 10 court filing.

Ripple CEO Brad Garlinghouse previously announced the end of the XRP case on March 19, and the new filing hints that the SEC is ready to settle once nominated and confirmed Chair Paul Atkins takes office, according to some community speculation.

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#2

New York bill proposes legalizing Bitcoin, crypto for state payments

A New York lawmaker has introduced legislation that would allow state agencies to accept cryptocurrency payments, signaling growing political momentum for digital asset integration in public services.

Assembly Bill A7788, introduced by Assemblyman Clyde Vanel, seeks to amend state financial law to allow New York state agencies to accept cryptocurrencies as a form of payment.

It would permit state agencies to accept payments in Bitcoin, Ether, Litecoin, and Bitcoin Cash, according to the bill's text.

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#3

Synthetix USD stablecoin loses dollar peg, drops to 5-year low of $0.83

The Synthetix protocol's native stablecoin, Synthetix USD (sUSD), fell to its lowest value in five years, extending a months-long struggle to maintain its $1 peg.

The asset has faced persistent instability since the start of 2025. On Jan. 1, sUSD dropped to $0.96 and only rebounded to $0.99 in early February. Prices continued to fluctuate through February before stabilizing in March.

On April 10, sUSD fell to a five-year low of $0.83, according to data from CoinGecko.

SUSD is a crypto-collateralized stablecoin. Users lock up SNX tokens to mint sUSD, making its stability highly dependent on the market value of SNX.

Prediction of the Week

Bitcoin $100K target 'back on table' after Trump tariff pause supercharges market sentiment

Bitcoin staged a sharp rebound after US President Donald Trump announced a pause on tariffs for non-retaliating countries, reigniting bullish momentum and raising hopes for a potential surge toward the $100,000 mark.

On April 9, BTC/USD surged by approximately 9%, reversing most of the losses it incurred earlier in the week, to retest $83,000. In doing so, the pair came closer to validating a falling wedge pattern that has been forming on its daily chart since December 2024.

As of April 9, Bitcoin's price was confined within the falling wedge range while eyeing a breakout above its upper trendline at around $83,000. If it is confirmed, BTC's main upside target by June could be around $100,000.

FUD of the week

Jack Dorsey's Block fined $40M for alleged crypto compliance, AML failures

Digital payments company Block, Inc. has reached a $40 million settlement with New York regulators over alleged compliance misconducts tied to its Cash App platform, Bloomberg reported on April 10.

Block was fined by the New York Department of Financial Services following an investigation into Cash App's Anti-Money Laundering and cryptocurrency compliance operations, Bloomberg said after reviewing the government agency's consent order.

NYDFS determined that Block allegedly violated consumer protection laws and didn't conduct proper due diligence on its customers. The company was allegedly too slow in reporting suspicious transactions to regulators and failed to adequately screen so-called "high-risk" Bitcoin transactions.