Cena HEX (PulseChain)HEX

The U.S. Securities and Exchange Commission (SEC) held its weekly closed meeting on February 27, fueling speculation that the agency might withdraw its appeal in the ongoing Ripple case. However, the SEC provided no new updates on its appeal, dashing hopes for a quick resolution. John E. Deaton, the Amicus Curiae attorney representing 75,000 XRP holders, commented on the SEC’s lack of clarity regarding its appeal strategy. Deaton, who has been vocal in supporting Ripple, referenced key individuals such as Hester Peirce, David Sachs, Bo Hines, and Mark Uyeda in his remarks, highlighting the ongoing uncertainty surrounding the case. XRP continues to face downward pressure in the market. After reaching a high of $3.3999 on January 16, the token has since seen declines. Some market observers speculate that the SEC may be waiting for Paul Atkins’s confirmation before deciding how to proceed with the Ripple case. Related: XRP Faces Crucial Test at $3.00 as SEC Case Continues In a separate legal battle, the SEC recently suffered a setback in its case against Richard Schueler, known as Richard Heart, and his crypto projects, Hex, PulseChain, and PulseX. A judge in the U.S. District Court for the Eastern District of New York ruled in favor of Heart’s motion to dismiss the charges, citing a lack of personal jurisdiction. The SEC had accused Heart of using investor funds for personal luxury purchases, including watches, cars, and diamonds. The case was originally filed in July 2023, claiming that Heart’s crypto assets violated federal securities laws by being unregistered. Judge Carol Amon, in her February 28 ruling, noted that while the SEC claimed Heart marketed PulseChain on YouTube and his website, there was insufficient evidence to show that these activities were specifically targeted at the U.S. She pointed out that Heart’s actions were global, with the marketing not clearly aimed at U.S. investors. As a result, the judge dismissed the case, allowing the SEC to amend their complaint. Related: HEX Was Deliberately Designed to Make Richard Heart Rich: Investor Following the court’s decision, Richard Heart expressed his appreciation for the ruling and reiterated his belief that PulseChain, PulseX, and HEX should be allowed to operate freely. He also mentioned that these projects had been functioning smoothly for over five years. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

U.S. judge dismisses SEC lawsuit against HEX crypto project founder A federal judge in Brooklyn, New York, on Feb. 28 dismissed a lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Richard Heart, the founder of the cryptocurrency project HEX, according to Bloomberg. The SEC had earlier charged Heart with securities fraud and the sale of unregistered securities, alleging he misappropriated investor funds to buy luxury watches, cars and a 555-carat black diamond known as "The Enigma." The judge said the SEC had "failed to allege specific facts" that would show the alleged activities occurred within the U.S.

JUST IN: 🇺🇸 Judges dismisses SEC case against HEX crypto founder Richard Heart.

Crypto analyst Alexander Lorenzo is gaining attention with his bold prediction that altcoins are on the verge of a major breakout, potentially offering some of the most lucrative opportunities in recent years. Lorenzo's latest analysis delves into the patterns of past altcoin cycles, uncovering key insights that could help investors take advantage of the next big move. Understanding Micro Cycles and Timing Lorenzo emphasizes the importance of understanding micro-cycles within the broader altcoin market. He explains that certain altcoins tend to experience parabolic rises earlier, while others follow later. This pattern provides savvy investors with the chance to cycle profits from one altcoin to another, optimizing returns. By focusing on these unique opportunities, especially for those with limited capital, investors could achieve significant gains. Lessons from 2017 and 2021: The Power of Historical Cycles Supporting his predictions with historical data, Lorenzo highlights the exceptional returns seen during the 2017 and 2021 altcoin cycles. Altcoins such as Dash and XMR saw gains of up to 253,000% in 2017, while HEX rose by an astounding 900,000% in 2021, turning a $1,000 investment into $9 million. These patterns demonstrate the explosive potential of altcoins, far exceeding any other asset class. Bitcoin’s Influence and Strategic Selling Lorenzo also underscores the important relationship between Bitcoin's halving cycles and altcoin peaks, noting that altcoins often experience two significant peaks—one after Bitcoin’s first peak and another following its second. He cautions against the common "hodl" mentality, advising investors to take profits strategically and reinvest in more stable assets like real estate to secure their gains. The Big Date: January 26, 2025 Based on his thorough analysis, Lorenzo predicts that the next major altcoin surge will likely occur around January 26, 2025, following Bitcoin’s April 2024 halving. While the returns may not reach the extraordinary levels of previous cycles, Lorenzo believes the 2025 cycle will still offer substantial profit opportunities. Investors are encouraged to prepare their portfolios accordingly and remain alert as this key date approaches.

According to CoinDesk: Toncoin (TON) has emerged as a standout performer in the crypto market, trimming losses and outperforming major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) as the TON blockchain successfully restarted after a five-hour outage. This resilience comes despite a broader market downturn that saw significant liquidations and declines across most major tokens. The TON blockchain's downtime, partly attributed to the overwhelming popularity of the DOGS airdrop—a campaign aimed at raising awareness of Telegram founder Pavel Durov's arrest—did little to dampen the performance of Toncoin. As the blockchain came back online, TON's losses were minimized, leaving it down by less than 1%, according to CoinDesk Indices data. In contrast, the CoinDesk 20 (CD20), a benchmark for the largest and most liquid digital assets, dropped over 6.5%. The broader market saw Bitcoin slide 6%, while Ethereum, Solana (SOL), Cardano (ADA), and Dogecoin (DOGE) all fell by over 5%. XRP showed relative strength with a 3.4% decline, while TRX outperformed with a 2% drop. Market analysts pointed to a series of significant liquidations as a driving force behind the market's downward spiral. Over $300 million in crypto futures liquidations occurred, with Ether futures seeing the largest share at $102 million, followed by Bitcoin at $96 million. The resulting long squeeze, where traders are forced to sell into a falling market, exacerbated the losses. Open interest in Bitcoin futures dropped from $34 billion on Monday to $31 billion, signaling waning trader sentiment. The sell-off was further fueled by substantial outflows from U.S.-listed Bitcoin exchange-traded funds (ETFs), which saw $127 million in net outflows on Tuesday, breaking an eight-day streak of inflows. Ethereum ETFs continued their losing streak with $3.45 million in outflows. "BTC ETFs saw a very large $127 million in outflows as traders appeared to take profit after the Jackson Hole rally," said Augustine Fan, head of insights at on-chain financial products provider SOFA. "Meanwhile, ETH continued its poor momentum with the 9th consecutive day of outflows." AI-related tokens, which had been riding high on anticipation of Nvidia's earnings report, also took a hit. NEAR dropped 10%, while FET and Bittensor's TAO fell by 11.8% and 11.3%, respectively. "Sentiment around AI has definitely shifted," noted Fairlead Strategies founder Katie Stockton, pointing to Nvidia's influence on market dynamics. Amid the turbulence, institutional interest in the asset class remains strong. Hong Kong-based custodian Hex Trust announced the launch of a staking partner program, providing clients with expanded access to staking opportunities. As the market digests these developments, Toncoin's ability to recover quickly from the TON blockchain's outage may signal underlying strength, even as the broader crypto landscape grapples with volatility and uncertainty.