Ripple’s battle with the SEC over XRP inches closer to resolution as a swift ruling looms, potentially clearing hurdles for settlement and dramatically reshaping crypto regulation. Lawyer Signals Fast Ruling: Judge Torres May Move Quickly in Ripple v SEC Case Over XRP Lawyer Bill Morgan has provided an in- depth analysis of the ongoing litigation between […]

Ripple v SEC Ruling Over XRP May Drop Faster Than Expected, Lawyer Says

Cisco&#8217;s threat intelligence organization, Cisco Talos, has detected a new 
Python-based malware called &#8216;PylangGhost.&#8217; It is linked to the North Korean 
hacking group, Famous Chollima. According to a recent blogpost by Cisco 
Tallos, the PylangGhost is exclusively used by North…

Cisco Talos: New North Korean threat ‘PylangGhost’ targets crypto workers through fake job sites

South Korea’s top financial watchdog is taking steps to bring spot crypto ETFs 
and stablecoin regulation into the mainstream as part of a broader plan to 
modernize the country’s digital asset market. According to a June 19 report by 
local…

South Korean regulators push crypto ETF plan to power up local market

Amid the geopolitical turmoil, Solana (SOL) has retraced 10% in the past week. 
Some analysts believe that the altcoin’s correction is about to end, but 
warned that a dip below a key support level might come first. Related Reading: 
SUI Preparing For New Highs As Falling Wedge Breakout Targets $5 Solana Eyes 
Key Retest Before Breakout After retesting the $168 resistance last Wednesday, 
Solana has fallen back to a key level fueled by the recent market pullback. 
The cryptocurrency has seen a 15% retracement from its monthly highs, trading 
around the $140 zone for the past three days. SOL has been hovering between 
the $145-$180 price range since its May breakout, falling to the range lows 
during the June market shakeouts. Since then, the altcoin has struggled to 
reclaim the $160-$170 mid-zone. Nonetheless, market watcher Lluciano considers 
that Solana “may dip a bit more, but the ultimate target is seriously huge.” 
The analyst highlighted SOL’s performance since April, noting that it ended 
its multi-month downtrend after breaking above its descending resistance at 
the end of March. After this price action, SOL retested the $100-$120 demand 
zone before breaking out to its current range in the following weeks. Now, the 
altcoin’s chart displays a one-month falling wedge pattern, with the upper 
boundary sitting around the $155-$160 area. To the analyst, a breakout from 
this pattern could send the cryptocurrency toward May’s $187 high resistance 
before propelling the price to retest the $240 mark. Similarly, trader Rose 
noted that SOL has been consolidating above the key $145 resistance and 50-day 
Moving Average (MA), signaling a potential breakout. “If confirmed, the price 
could rise toward targets at $165, $183, and $220,” they suggested. SOL To 
Underperform In Coming Months? Market watcher Crypto Bullet suggested that 
Solana’s correction is coming to an end. The analyst forecasted that SOL could 
soon lose its current range and retest the April consolidation range, around 
the $125-$135 area, to complete the correction. This would be followed by a 
bounce back into the current range before surging past the $200 barrier toward 
the $220-$250 targets, for “one more wave up” this cycle. Meanwhile, Altcoin 
Sherpa affirmed Solana won’t outperform like it did during the first half of 
the cycle. According to the analyst, the cryptocurrency won’t outperform 
Bitcoin (BTC) on any long-term timeframe “other than a few blips here and 
there.” Related Reading: Bitcoin Setting Up For ‘Large Move’ Amid $103,000 
Retest – Key Levels To Watch He explained that the cycle’s leading altcoin 
isn’t “dead,” but that he doesn’t “see it having a run like it did in 
2021/2024.” Notably, SOL is currently retesting its late November 2023 support 
levels against BTC, which previously sent it to yearly lows after failing to 
hold them. Altcoin Sherpa concluded that Solana will likely continue to climb 
against its USDT pair but continue to bleed in its SOL/BTC chart. As of this 
writing, Solana is trading at $145, a 12.1% decline in the monthly timeframe. 
Featured Image from Unsplash.com, Chart from TradingView.com

Solana Correction About To End? Analyst Forecasts $130 Retest Before Next Wave Up

Blockchain sleuths ZachXBT and Taylor Monahan say crypto scammers have been 
emboldened with US regulators dropping crypto-related court cases and 
politicians endorsing memecoins.

Politicians’ memecoins, dropped court cases fuel crypto ‘crime supercycle’

Nauru has recently passed a bill establishing the Command Ridge Virtual Asset 
Authority (CRVAA) to regulate virtual assets, digital banking, and Web3 
innovation. CRVAA to Issue VASP licences Nauru, the tiny island nation in the 
South Pacific Ocean, recently passed a bill establishing a dedicated virtual 
asset regulatory authority. The bill, which passed June 17, […]