Analysis Crypto by Thebittimes.Com

The Ethereum (ETH) underwent a lot of bashing due to its stagnant price. The asset was seen moving slowly over the past couple of years. The world’s largest altcoin hit an all-time high of $4,891.70 about four years ago. The asset has failed to reclaim this peak ever since. Despite a growth rate of 90313.41% since its launch in 2015, ETH has failed to make big noise. But investors could be in for a treat as the network was recording increased bullish activities. Also Read: PLTR: Palantir Falls 3% on $178M Army AI Deal, BofA Eyes $150 Is Ethereum Kickstarting Its Bullish Phase? Source: Watcher Guru Ethereum emerged as a top performer throughout the past month. The asset surged by a notable 55% during the last 30 days. At the time of writing, ETH was trading at $2,560.16. This comes after a 1.17% rise during the last 24 hours. Source: CoinMarketCap May has been quite eventful for the second-largest cryptocurrency. The Ethereum network witnessed a massive shift in trend. A thread on ...

Ripple has announced plans to “sunset” its quarterly reports and change the way it reports its XRP holdings after previous transparency efforts were used against it by the Securities and Exchange Commission (SEC). According to the company’s Q1 2025 XRP Market Report, it launched the quarterly reports to “provide transparency into Ripple’s XRP holdings” and to “offer insights that few others in the industry were willing to share.” However, the report claims that this reporting “has not had the intended effect” and that “Ripple’s transparency has been used against the company — most notably by former SEC leadership.” It has not yet been announced exactly what form the new-look reporting will take, but CEO Brad Garlinghouse took to X to reassure those with an interest in Ripple and XRP. “Our commitment to transparency doesn’t change with this evolution — we will continue to publish our XRP holdi...

In what is certainly an important development for the industry, Standard Chartered is reportedly now set to offer Bitcoin and crypto custody services in the European Union (EU). Indeed, the $870 billion asset manager has formed a new entity in Luxembourg to provide the new offerings, according to a Reuters report. The move is one that looks to “cash in on the growing demand for digital security,” the report notes. Moreover, they are certainly not alone. As the asset class surged in popularity and value last year, interest has reached new heights. Now Standard Chartered is one of many financial institutions looking to expand their presence in the industry in 2025. JUST IN: $870 billion asset manager Standard Chartered to offer Bitcoin & crypto custody services in Europe. — Watcher.Guru (@WatcherGuru) January 9, 2025 Also Read: Standard Chartered Says Bitcoin Will Double to $200,000 in 2025 Standard Chartered to Offer Crypto Custody in EU Through New Entity With the new year ...