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Price Update: BTC, ETH, BNB & ADA

Bitcoin bulls have set their sights on $50,000 and this renewed momentum is also increasing large and small-cap altcoin prices.

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Bitcoin bulls have set their sights on $50,000 and this renewed momentum is also increasing large and small-cap altcoin prices.

Bitcoin is facing rejection near $50,000, meaning that bears are not ready to give up without a fight. Many analysts expect Bitcoin to climb in the last quarter and worst-case scenario for Bitcoin in October is $63,000 and $98,000 by November.

BTC/USDT

The bulls pushed Bitcoin above the overhead resistance at $48,843.20 but the long wick on the day’s candlestick shows that bears are defending the level in a aggressive manner. The price has been trading between the 50-day simple moving average at $46,667 and $48,843.20 for the past two days.If bulls drive and hold the price above the overhead resistance, Bitcoin could pick up momentum and rally to $50,000 and later on to $52,920.

ETH/USDT

The bulls pushed Ether above the downtrend line and the moving averages but the bears have not given up. The sellers are attempting to delay the up-move near $3,500 and pull the price back below the 50-day SMA of $3,297.

If they manage to do that, the Ether could drop to the 20-day EMA of $3,194. This is an significant support for the bulls to defend because a break below it could entice further selling. Ether may then drop to the psychological level at $3,000 and later to the 100-day SMA at $2,841.

BNB/USDT

The Binance Coin has been facing strong resistance at the overhead resistance at $433 but the optimistic sign is that bulls have not given up much ground. This indicates that the buyers are holding on to their positions as they hope for a move higher.

The 20-day EMA of $395 has turned up and the RSI is in the positive territory, indicating a slight advantage to the bulls. If buyers drive and hold the price above $433, The Binance coin could pick up momentum and rally to $518.90.

ADA/USDT

The bulls pushed ADA above the 20-day EMA of $2.25 for the past two following days but they could not hold the higher levels. This indicates that the sentiment remains negative and traders are defending the 20-day EMA.

The price has turned down from the 20-day EMA today and the bears will now try to sink ADA  to the critical support at $1.94. If this level gives way, the pair could witness aggressive selling and fall to $1.60.

The views and opinions expressed here are solely those of the writer and do not necessarily reflect the views of Crypto News. Every investment and trading move involves risk. The reader should conduct their own research when making a decision.

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Binance tightens South African compliance rules for crypto transfers

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Binance is tightening compliance measures for crypto transactions in South Africa, announcing it will fully implement the country’s Travel Rule requirements beginning January 2025. The move aligns with regulations set by South Africa’s Financial Intelligence Centre (FIC) and reflects the exchange’s broader efforts to meet global anti-money laundering standards.

Under the new rules, Binance will require South African users to include verified personal information—such as names, addresses, and account details—when sending or receiving crypto between platforms. These changes are designed to increase transparency and traceability of digital asset transfers, making it harder for illicit actors to exploit decentralized networks.

Binance emphasized that users must complete know-your-customer (KYC) verification before transferring crypto to or from external wallets. Transfers to non-compliant platforms may be restricted or flagged, while internal transfers within Binance or to Travel Rule-compliant entities will remain unaffected.

The announcement follows South Africa’s decision in 2023 to designate crypto as a financial product, placing digital asset providers under the supervision of the FIC. The country has since taken steps to integrate crypto into its formal regulatory structure, including licensing requirements and mandatory reporting obligations.

With enforcement beginning in 2025, Binance urged users to familiarize themselves with the new procedures to avoid disruptions. The exchange also plans to provide additional guidance and tools to help users remain compliant as the deadline approaches.

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Ethereum bounces back as market dominance recovers from all-time low

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Ethereum has staged a notable recovery after recently experiencing its lowest market dominance since its early days. The turnaround comes as ETH surged nearly 4% in the past 24 hours, climbing back above the $3,100 mark and narrowing its underperformance gap relative to Bitcoin.

For much of 2024, Ethereum has trailed behind Bitcoin and a growing wave of altcoins, with its market share dropping below 15% — levels not seen since 2015. The slump was driven by investor focus on Bitcoin ETF momentum, lackluster institutional interest in ETH, and rising competition from layer-1 and layer-2 networks offering faster and cheaper alternatives.

Despite these challenges, Ethereum’s fundamentals remain strong. Data shows a healthy uptick in active addresses, transaction volumes, and total value locked in DeFi protocols built on Ethereum. Additionally, hopes remain high for the approval of a spot Ethereum ETF in the U.S., with analysts suggesting a potential turnaround in institutional flows if approved.

Traders are now watching whether this rebound signals a sustained trend reversal or just a temporary relief rally. With key upgrades and ecosystem developments still in the pipeline, Ethereum’s ability to regain dominance may hinge on reigniting both investor confidence and broader developer activity.

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SEC says it won’t re-file fraud case against Hex’s Richard Heart

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The U.S. Securities and Exchange Commission (SEC) has confirmed it will not pursue a retrial in its fraud case against HEX founder Richard Heart, effectively bringing an end to one of the agency’s high-profile crypto enforcement actions.

The decision follows a recent court ruling that dismissed several key allegations against Heart, including claims that he misled investors and violated securities laws through the promotion and sale of HEX, PulseChain, and PulseX tokens. While the SEC initially signaled it would consider further legal options, it has now opted to forgo additional litigation.

Heart, a controversial figure in the crypto world, had long denied the SEC’s accusations, framing the lawsuit as an overreach by regulators. The agency had alleged that Heart raised over $1 billion from investors while misrepresenting how funds would be used and failing to register the offerings.

With the SEC stepping back, the dismissal marks a rare instance in which the regulator has chosen not to continue a crypto-related fraud case, potentially signaling a reassessment of its approach amid growing legal pushback and mounting scrutiny over its enforcement tactics.

Although the case is now closed, legal analysts suggest the outcome could influence future regulatory efforts and may embolden other crypto founders facing similar challenges. Heart, meanwhile, has positioned the development as a vindication, reaffirming his stance that HEX and related projects were never in violation of U.S. securities laws.

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