XRP Derivatives Trading Goes Live on Japan's Top Bitcoin Exchange

XRP Derivatives Trading Launches on Japan's Leading Bitcoin Exchange

Japan's top Bitcoin exchange, bitFlyer, has announced the introduction of XRP leveraged trading on its bitFlyer Crypto CFD platform. This new feature will allow traders to utilize up to 2x leverage, enabling them to profit from both rising and falling XRP prices. The platform, which already supports BTC-CFD/JPY trading, is expanding its offerings to include XRP-CFD/JPY and ETH-CFD/JPY pairs. This move is part of bitFlyer’s strategy to diversify its product range and strengthen its position in the crypto derivatives market. According to The Crypto Basic, the exchange has maintained the highest Bitcoin trading volume in Japan for nine consecutive years.

Interest in XRP continues to grow in Japan, as evidenced by Remixpoint's recent purchase of $3.9 million worth of XRP and Dogecoin. The company now holds $2.63 million in XRP, reflecting the increasing adoption of cryptocurrencies in the region. Additionally, SBI Remit has been utilizing XRP for remittance services to countries like Vietnam and the Philippines, aiming to reduce costs and improve scalability. For more details, visit The Crypto Basic at https://thecryptobasic.com/2025/02/28/xrp-derivatives-trading-to-go-live-on-no-1-bitcoin-exchange-in-japan/.

SEC Ends Investigation Into Gemini Without Enforcement Action

The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into the crypto exchange Gemini without recommending any enforcement action. Cameron Winklevoss, co-founder of Gemini, revealed that the SEC informed the exchange's legal team of its decision. This marks a significant development in the regulatory landscape, as the SEC has also dropped cases against Coinbase, OpenSea, Robinhood, and Uniswap in recent weeks. According to The Daily Hodl, Winklevoss criticized the SEC for the financial and innovative losses caused by its actions, estimating tens of millions in legal fees and hundreds of millions in lost productivity.

Winklevoss has called for reforms, including reimbursement for legal expenses and lifetime bans for regulatory officials who misuse their authority. These developments are seen as a turning point in the SEC's approach to the crypto industry. For more information, refer to The Daily Hodl at https://dailyhodl.com/2025/02/28/sec-closes-investigation-into-crypto-exchange-gemini-without-recommending-enforcement-action-cameron-winklevoss/.

SEC Dismisses Lawsuit Against Coinbase

The SEC has officially dismissed its lawsuit against Coinbase, marking the end of a legal battle that began in June 2023. The dismissal includes the withdrawal of all litigation and appeals related to the case. The SEC stated that this decision aligns with its efforts to reform its regulatory approach to the crypto industry. Acting SEC Chair Mark Uyeda emphasized the need for a more transparent policy framework moving forward. According to Cointelegraph, the lawsuit had accused Coinbase of operating as an unregistered broker and listing tokens deemed as securities, such as Solana (SOL) and Cardano (ADA).

Coinbase had strongly opposed the lawsuit, labeling it as regulatory overreach. The resolution of this case is seen as a step toward a more collaborative regulatory environment. For further details, visit Cointelegraph at https://cointelegraph.com/news/sec-dismisses-lawsuit-against-coinbase.

Coinbase Stock Drops Amid Bitcoin Decline

Coinbase's stock has plummeted nearly 30% over the past two weeks, reaching a low of $201. This decline mirrors Bitcoin's 17% drop during the same period, with the cryptocurrency falling to $79,000 before rebounding to $84,000. Analysts attribute Coinbase's stock performance to its high correlation with Bitcoin prices. According to AOL, the broader stock market has also faced challenges, with the Nasdaq and S&P 500 experiencing declines of 7% and 4%, respectively.

Despite the downturn, Coinbase remains a key player in the crypto market, having reported $750 million in trading revenue for the first part of 2025. For more insights, check out AOL at https://www.aol.com/finance/coinbase-stock-slides-nearly-30-164412369.html.

Trump Files Trademark for Crypto and Metaverse Expansion

DTTM Operations LLC, the entity managing Donald Trump's trademarks, has filed a new application with the U.S. Patent and Trademark Office for a Trump-branded virtual world. The proposed digital ecosystem includes features such as a marketplace for buying and selling digital goods and cryptocurrencies, authenticated by NFTs. Users would also have access to virtual fashion, dining, and educational services in areas like business and real estate. According to TheStreet, this move signals Trump's intent to capitalize on the growing metaverse and blockchain economies.

While the trademark filing does not guarantee the project's launch, it highlights the Trump Organization's interest in digital innovation. For more information, visit TheStreet at https://www.thestreet.com/crypto/innovation/trump-eyes-crypto-exchange-and-metaverse-expansion-with-trademark-filing.

Binance Users Support Pi Network Listing

Binance recently conducted a community survey to gauge interest in listing Pi Coin (PI) on its platform. The results showed overwhelming support, with 86% of the 294,955 participants voting in favor. However, Binance clarified that the survey results are for reference only and do not guarantee a listing. The exchange will conduct further evaluations before making a final decision. According to Binance, Pi Coin has seen a 213% price increase over the past week, despite a recent 20.8% drop to $2.4.

Pi Network, which boasts over 60 million members, is preparing for its annual Pi Day celebration on March 14. This event is expected to bring further attention to the project. For more details, refer to Binance at https://www.binance.com/en/square/post/20912119672674.

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