Day: February 4, 2025

SEC staff must obtain top-level approval before launching investigations under new leadership

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Key Takeaways SEC lawyers now need approval from politically appointed commissioners to start formal investigations. The change follows a leadership transition at the SEC, with Mark Uyeda appointed as Acting Chair. Share this article The SEC is now requiring its lawyers to obtain top-level approval before formally launching an investigation, according to two sources familiar with the matter who spoke to Reuters on condition of anonymity. The new requirement mandates that enforcement staff must secure permission from politically appointed commissioners to issue subpoenas, demand documents, and compel testimony. Previously, staff…

Cardano (ADA) at a Crossroads: Could Bears Take Control Again?

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Cardano price started a fresh decline below the $0.9250 zone. ADA is now correcting losses and struggling to clear the $0.80 resistance. ADA price started a fresh decline from the $0.9250 zone. The price is trading below $0.850 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $0.8050 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another decline if it trades below the $0.7650 support zone. Cardano Price Faces Resistance After struggling to stay…

XRP Price Explodes 25%: Will The Recovery Sustain or Fizzle Out?

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XRP price recovered most losses and rallied over 25%. The price is back above $2.65 and now faces hurdles near the $2.820 level. XRP price started a strong upward move above the $2.50 level. The price is now trading below $2.80 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $2.420 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it clears the $2.820 resistance zone. XRP Price Recovers…

Ethereum Price Recovery Stalls at Resistance: Can Bulls Break Through?

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Este artículo también está disponible en español. Ethereum price started a recovery wave above the $2,500 zone. ETH is up nearly 10% and now faces a major resistance near $2,920. Ethereum started a decent upward move above the $2,500 support zone. The price is trading below $2,900 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,920 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,920 level. Ethereum…