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Russian Lawmaker Proposes Bitcoin Reserve to Improve Financial Stability
Russian State Duma Deputy Anton Tkachev, a member of the New People party, has suggested creating a strategic Bitcoin reserve to strengthen the country’s financial stability. According to local reports in Moscow, Tkachev has formally submitted this proposal to Finance Minister Anton Siluanov. Russia to Consider Plans for a Bitcoin Reserve? In the proposal, Tkachev highlights the limitations of traditional currency reserves, such as the dollar, euro, and yuan. He mentions that these assets are susceptible to inflation and international sanctions. Also, Tkachev argues that a Bitcoin reserve could serve as an independent alternative, free from the influence of any...
Ripple (XRP) Price Faces Uncertain Momentum After 6-Year Highs
Ripple (XRP) price has surged more than 330% in the last 30 days, surpassing Solana’s market cap and reaching its highest levels in 6 years. However, its RSI is now at 46, a significant drop from the overbought level above 70 that was seen between November 29 and December 3, when XRP peaked around $2.90, its highest level since 2018. This decline suggests that the bullish momentum has cooled, and the market sentiment is now neutral or slightly bearish. As a result, XRP could face a period of consolidation or mild downward pressure before any potential recovery. XRP RSI Is...
Lawyer Says SEC Unlikely Changed Stance on Whether Solana is a Security or Not
Lawyer and Chief Legal Officer at Variant fund, Jake Chervinsky, says the SEC’s request to amend its complaint against Binance does not signal that the regulator no longer regards Solana, or the other crypto mentioned in the case, to be unregistered securities. Chervinsky says the move is purely a “litigation tactic” on the SEC’s part and notes the regulator still refers to Solana and some of the other tokens as securities in its other legal cases, including its case against Coinbase. Other senior figures support Chervinsky’s view, saying the significance of the SEC’s apparent backdown is limited to the Binance...
