Crypto News Roundup: SEC Drops Binance Case, Ripple Fights for XRP, and Market Volatility

In a major win for the crypto industry, the SEC has dropped its long-running lawsuit against Binance and

its founder, Changpeng Zhao.

The case, which accused Binance of violating securities laws and mishandling customer funds, has been dismissed as a

policy decision.

This follows Binance’s earlier $4.3 billion settlement with the Justice Department.

The move signals a shift in regulatory approach and could boost confidence in the crypto sector.

Ripple is ramping up its legal fight, submitting a new letter to the SEC arguing that XRP should

not be classified as a security.

Ripple’s Chief Legal Officer stated, “There is no current basis in the law to classify most fungible crypto

assets as securities when transferred in secondary transactions.” The company is pushing for Congress to provide clear rules,

while the XRP price remains sensitive to legal developments.

A settlement could be pivotal for XRP’s future and potential ETF approval.

Crypto markets are on a rollercoaster!

Bitcoin dropped below $106,000, pressured by renewed US-China trade tensions and ETF outflows.

Despite the dip, analysts say Bitcoin’s 20-day streak above $100,000 shows strong momentum.

Ethereum is showing signs of a breakout, while altcoins like Solana and Avalanche lag behind.

Experts warn of more volatility ahead as global economic uncertainty continues.

Zebec Network’s token skyrocketed over 770% after acquiring Science Card, a UK fintech firm.

The deal allows students to spend crypto on campus and supports university research.

Zebec is also making waves in payroll, processing over $1 billion for 250+ enterprise clients.

However, analysts caution that the token may see a pullback after this explosive rally.

Bybit has secured a MiCA license in Austria, opening its EU headquarters in Vienna and expanding access to

nearly 500 million Europeans.

Meanwhile, Coinbase will delist four cryptocurrencies in June due to token upgrades.

And in India, the government is warming up to crypto, holding talks with industry leaders and considering tax

cuts.