Strike&#8217;s CEO stated that they have generated over $10 million in Bitcoin- collateralized loans just days after launch.

Strike hits $10m in BTC-backed loans two days after launch

The US Securities and Exchange Commission (SEC) is considering rule changes to 
let companies more freely issue tokenized securities, SEC Commissioner Hester 
Peirce said in a speech published on May 8.
The regulator is &#8220;considering a potential exemptive order&#8221; for firms using 
blockchain technology to &#8220;issue, trade, and settle securities&#8221; that would 
release them from certain registration requirements, Peirce said in the 
speech.
For example, decentralized exchanges (DEXs) may no longer need to register &#8220;as 
a broker-dealer, clearing agency, or an exchange,&#8221; Peirce said. The SEC has 
previously brought numerous charges against DEXs such as Uniswap for failing 
to register as securities exchanges.
Firms should &#8220;not have to comply with inapt regulations, which, in many cases, 
were developed well before the technologies being tested existed and may be 
obviated by attributes of that technology,&#8221; Peirce said.
_Commissioner Peirce described the planned changes in a May 8 speech. 
Source:__SEC_
Under such an exemption, companies would still be expected to comply with 
rules designed to prevent fraud and market manipulation, the commissioner 
said. They may also need to meet certain disclosure and recordkeeping 
requirements.
_**Related:**__**Nasdaq urges SEC to treat certain digital assets as &#8216;stocks 
by any other name&#8217;**_
## Sharp policy pivot
The SEC has dramatically pivoted its stance on cryptocurrency oversight since 
US President Donald Trump took office in January.
Under the leadership of former SEC Chair Gary Gensler, the agency brought 
upward of 100 lawsuits against crypto firms for alleged securities law 
violations.
However, under Trump nominee Paul Atkins, who was sworn in as chair on April 
21, the agency has claimed jurisdiction over a narrower segment of 
cryptocurrencies.
In February, the SEC issued guidance stating that memecoins &#8212; if clearly 
identified as purely speculative assets with no intrinsic value &#8212; do not 
qualify as investment contracts under US law.
In April, the regulator said that stablecoins &#8212; digital tokens pegged to the 
US dollar &#8212; similarly do not qualify as securities if they are marketed 
solely as a means of making payments.
_**Magazine: **__**Ethereum is destroying the competition in the $16.1T 
TradFi tokenization race**_

SEC considers new rules easing security token issuance

The last time the cryptocurrency topped six figures was in February shortly 
after reaching its all-time high of $109,114.88 in late January. BTC Breaks 
$100K Barrier as Institutions Dive In Bitcoin ( BTC) broke through the $100K 
barrier on Thursday morning, as net cumulative inflows for spot BTC exchange- 
traded funds (ETFs) peaked at $40.72 billion […]

Bitcoin Hits $100K as Institutional Money Pours In

Jupiter token was among the stronger performers during this rally, thanks to 
the growth of Solana&#8217;s ecosystem.

Jupiter crypto jumps 11% as Solana’s DeFi ecosystem grows

Ethereum has surged past the critical $2,000 psychological and technical level 
after an explosive move from $1,800 support. This breakout could mark the 
beginning of a major rally toward $2,820, a 40% upside potential if momentum 
holds. After weeks of…

Ethereum price reclaims $2000: is this the start of a major bull run?

Crypto analyst ArShevelev has raised the possibility of history repeating 
itself for the XRP price. If so, the analyst indicated that the altcoin could 
witness a 2017-like rally, which would send its price to double digits. XRP 
Price To Reach $10 If History Repeats Itself In a TradingView post, ArShevelev 
predicted that the XRP price could reach as high as $10 if history repeats 
itself. He remarked that the current XRP chart screams “déjà vu” with the 
altcoin’s price action mirroring the 2014 to 2018 cycle. The analyst noted 
that XRP broke out from its 2014 all-time high (ATH) in 2017, leading to a 
massive rally. Related Reading: XRP Price Is Eyeing Another Breakout To $4: 
Analyst Says Watch This Level A similar setup is playing out for the XRP 
price, but with a twist. ArShevelev stated that XRP is struggling to break 
through the 2018 ATH resistance zone around $3.31, which he claimed reminded 
him of the breakout consolidation phase in 2017. The analyst added that this 
consolidation has historically led to a breakout, and the chart hints at a 
potential repeat. He affirmed that the price could witness a parabolic move if 
it breaks out soon, potentially targeting much higher levels. However, the 
analyst warned that the current resistance is a tough hurdle, and XRP might 
pull back to lower supports if it fails. ArShevelev also provided key levels 
to watch out for. He highlighted $3.31 as the major resistance while $1.643 is 
the major support. The breakdown risk is $0.650, meaning the XRP price could 
still drop to last year’s lows. The analyst admitted that he isn’t fully 
convinced about the setup but considers it intriguing. He added that this 
could be XRP’s moment to shine. The Altcoin Needs To Break Out Of Its Current 
Range Crypto analyst Ali Martinez recently highlighted the need for the XRP 
price to break out of its current range. In an X post, he stated that the key 
levels to watch are $2 and $2.26. The analyst added that a decisive close 
outside this range could set the tone for the next major trend. Related 
Reading: XRP Price Breaks Above ‘Magic Line’ With Bullish Continuation Toward 
$3 Martinez looks to be favoring a downtrend for the altcoin&#8217;s price in the 
short term. In another post, he stated that XRP could be due for a 
retracement, with the TD Sequential flashing a sell signal on the 3-day chart. 
Crypto analyst CasiTrades also didn’t rule out a possible correction for the 
XRP price. However, she claimed the altcoin could bounce off key supports to 
new highs, noting that momentum was building. She revealed that the RSI is 
showing signs of selling exhaustion on the lower timeframes, and the price 
action is beginning to compress. This often signals a bigger move is on the 
horizon. At the time of writing, the XRP price is trading at around $2.17, up 
almost 2% in the last 24 hours, according to data from CoinMarketCap. Featured 
image from Getty Images, chart from Tradingview.com