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HSBC Holdings Plc to acquire SVB UK for £1. SVB UK had loans of £5.5bn and deposits of £6.7bn as of March 10, 2023.
#HSBC
#SVB
#crypto2023
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"XRP Surges Past Ethereum for the First Time in 5 Months—Is a Power Shift Coming?"
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The United States Court of Appeals for the Second Circuit has officially suspended the appeal between the SEC and #Ripple . The court issued the order a week after Ripple and the SEC jointly requested to pause further proceedings in the appeal. As previously reported, the parties suggested that an agreement was in place to resolve the appeal. Court Grants Request Interestingly, Judge José A. Cabranes of the Second Circuit granted the request, temporarily suspending the appellate proceedings. This implies that neither the SEC nor Ripple will file any appellate briefs until the court lifts the appeal suspension. Notably, the court ordered the SEC to file a status report within 60 days of the order, which was issued on April 16. The report, expected to be filed on or before June 15, will update the court on whether the parties have resolved the appeal or wish to continue with the case. Agreement Still Requires SEC Approval Following the temporary suspension of the appeal, the SEC must decide on its in-principle agreement with Ripple for the potential resolution. It bears mentioning that the agreement relates to the SEC vacating the permanent injunction a New York federal court imposed on Ripple’s XRP institutional sales and slashing the fine from $125 million to $50 million. To proceed, the SEC commissioners must approve this internal in-principle agreement. As of now, the agency leadership is still considering those terms. Next Step in Ripple Lawsuit Once approved, the parties will jointly file a motion to modify U.S. District Judge Analisa Torres’ final ruling. Specifically, the SEC and Ripple would ask Judge Torres to vacate the permanent injunction and reduce the fine to $50 million.... #Crypto
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"Solana Bulls Fight Back at $124! Is a $150 Comeback Written in the Charts?"
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#VeChain retests its falling wedge breakout as selling pressure intensifies. Can VET hold above $0.020, or will a drop to $0.018 follow? With the altcoin market down 2% this week, VeChain is facing renewed selling pressure. After an 8% decline on April 15, the bearish trend continues, with VET registering a 3.57% intraday drop. Currently, the VeChain token is retesting the breakout from a falling wedge pattern. However, growing supply pressure suggests a deeper correction toward $0.018 could be on the horizon. VeChain Price Analysis Warns $0.020 Breakdown On the daily chart, VET shows a breakout from a falling wedge pattern. However, the breakout rally failed to surpass the 50-day EMA near $0.025. Two consecutive Doji candles over the weekend signal market uncertainty. Bears have regained control, forming an engulfing red candle with an 8% drop, completing an evening star pattern. The bulls’ failure to break above the 50-day EMA coincides with rejection at the 78.6% Fibonacci level at $0.02574. Currently, VET trades at $0.02173, holding just above the broken resistance trendline. As the failed breakout takes a bearish turn, the daily RSI has dipped below the midpoint, indicating weakening bullish momentum. This increases the likelihood of a new downswing. Furthermore, the 50-day, 100-day, and 200-day exponential moving averages remain in a bearish alignment. New Partnerships Add Credibility and Support Despite price volatility, VeChain has secured several high-profile partnerships over the past week, reinforcing its credibility in the market. In a recent post, crypto analyst Michael Van De Poppe praised VeChain’s partnership with UFC CEO Dana White, who joined as an official advisor. This could pave the way for further influential partnerships. Additionally, the analyst highlighted VeChain’s collaboration with 4ocean, aiming to combat plastic pollution through blockchain technology. #CryptoNewsCommunity
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"PEPE Just Hit $0.000007 — Is a Massive $2.63M Long Squeeze Imminent?"
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