The Binance listing is one of the bullish events in the crypto market, but that’s not what happened with the Mubarak meme coin price. As a newly launched token, it is often in the limelight, especially as the former Binance CEO Changpeng Zhao showed support for this meme-themed cryptocurrency. As a result, its price saw many uptrends, but today, it is different as it is down by 40%. Why? Let’s discuss this.

Mubarak Meme Coin Price Crashes With Binance Listing

Binance recently listed four cryptocurrencies, including Mubarak. Although it was expected, the Mubarak meme coin price crash came unexpectedly. Experts believe this happened as the sellers were prepared to benefit from the potential rally.

Although the token did witness a rally at first, hitting $0.011, it soon crashed amid seller’s activity. At present, it trades at $0.08652 after bearing a 40% loss today and 60% away from the ATH of $0.2158, set ten days ago.

Interestingly, when this token plummeted, the three other listed tokens, i.e., BROCCOLI, TUT, and BANANAS31, had significant uptrends, disappointing investors.

Crypto Whales to Blame For Mubarak Crash

Talking of the Mubarak coin price crash, the 205% surge in the trading volume reveals that the investors’ activity is high. A significant portion of this is from the crypto whales, which are on a selling spree and fueling this crash.

Lookonchain X’s post revealed one such whale who had deposited 6.14M Mubarak earlier in the day. Interestingly, the whale itself made nearly $760k in profits, but the activity resulted in increasing the selling pressure on the token.

Another whale has deposited 10.28M Mubarak on Binance and sold it at a loss. Experts claim such sell-offs are made voluntarily to bring the token down before fueling a price reversal.

Experts Predict Mubarak Meme Coin Price to Surge 5x

According to crypto experts, Changpeng Zhao’s connection to Mubarak will bring price rallies. One such claim is that even though the initial outcome of the Binance listing turned into correction, it is up for a 5x surge due to historical trends and upcoming Eid Mubarak celebrations.

Another pointed out a potential breakout from the symmetrical triangle pattern. He claimed that the bull’s presence would push its price above key resistances before predicting a Mubarak meme coin price rally to $0.17.

However, the ongoing bearish trend is hard to ignore, where the key resistance is at $0.14 and $0.16. More importantly, the RSI, MACD, and key moving average indicate a bearish momentum.

Investors must keep an eye on the performance, as its key support is $0.086. A bounce from this could bring an uptrend. In contrast, a drop can push it toward $0.08.

The post Binance Listing Effect Causes Mubarak Coin Price to Crash 40% appeared first on CoinGape.

The Securities and Exchange Commission’s (SEC) decision to drop lawsuits against several major crypto players has left the Ripple case as a notable exception. Recently, the US SEC dismissed litigations against Kraken, Cumberland, and Consensys, sparking curiosity about the status of the XRP lawsuit. Fox Business journalist Eleanor Terrett took to X to share insights on the possible reasons behind the SEC’s delay in the Ripple case.

Let’s take a closer look at the Ripple case and the SEC’s decision to exclude the platform while dropping lawsuits against other crypto companies.

Is US SEC Further Delaying the XRP Lawsuit?

In her recent X post, Fox Business reporter Eleanor Terrett shared insights on the possible reasons for the SEC’s delay in the XRP lawsuit. While the SEC intentionally missed Ripple while dismissing cases against other major firms, Terret stated that the move wasn’t surprising.

Emphasizing the unique circumstances of the Ripple case, Terrett stated, “No Ripple here but I’m not entirely surprised because, again, it is slightly different to these other cases.” The journalist pinpointed the complexities surrounding the XRP lawsuit unlike other crypto lawsuits.

The SEC’s approach to resolving the XRP lawsuit differs from other crypto cases due to an existing injunction. To move forward, the SEC must request Judge Torres to lift this injunction, allowing them to proceed with voting on the withdrawal of the appeal and other related matters.

SEC Dismisses Kraken, Cumberland, Consensys Cases

In a recent development, the US SEC officially announced the dismissal of the crypto lawsuits involving Kraken, Cumberland, and Consensys. This decision comes after the SEC filed a joint stipulation with each company. The filing agrees to dismiss the cases with prejudice, meaning they cannot be refiled.

It is noteworthy that the dismissal comes without any financial implications for the crypto firms. Dropping the lawsuits, the Commission underscored the irrelevance of the cases. However, the regulator clarified that its decision does not imply a change in its position on the underlying issues of the lawsuits.

As highlighted by Terrett, these dismissals do not impact or influence the ongoing XRP lawsuit. Meanwhile, the Ripple lawsuit is expected to follow specific procedures, which may lead to a delay in its conclusion. The settlement process for the Ripple lawsuit involves several steps. This includes the SEC’s request to lift the existing injunction and the subsequent voting on the withdrawal of the appeal.

Recently, attorney Fred Rispoli shared a possible timeline for the Ripple case settlement. He stated that the lawsuit will end within the next 60 days.

How This Delay in the Ripple Lawsuit Settlement Impact XRP Price?

Amidst the complexities and uncertain timeline surrounding the Ripple case settlement, the XRP price faces major corrections. As of press time, XRP is trading at $2.21, with a 5.38% dip in a single day. Over the past week and month, XRP has plummeted by 6.7% and 2.2%, respectively.

Despite this negative trend, a positive sentiment persists among investors, as indicated by a 17.6% surge in trading volume, currently at $3.85 billion. This sparks a bullish prediction for XRP, with analysts foreseeing its ascendance to $11.

The post XRP Lawsuit: Why the US SEC Is Delaying the Ripple Case? appeared first on CoinGape.

XRP price has lost momentum recently and crashed from this month’s high of $3 to $2.20. This trend may soon end if the Securities and Exchange Commission (SEC) moves ahead and approves the 16 spot Ripple ETFs that have been applied. This article explores a near risk-free trade idea if the SEC approves these ETFs tomorrow.

XRP Price Could Rise if SEC Approves Ripple ETF

XRP, the third-biggest cryptocurrency, has seen increased demand from retail and institutional investors lately. One sign of this is the fact that it has had the most spot ETF applications this year, totaling 18. Wall Street companies like Bitwise, Grayscale, Canary, and Fidelity have all applied for these funds. 

Odds of these ETFs have jumped in the past few months, moving from 59% in January to 85% today. These odds have remained elevated after the SEC ended its Ripple appeal this month.

Analysts expect the XRP price to explode higher in case of approval. One analyst hinted that the price of Ripple would jump to $5, while another one sees XRP hitting $8. These forecasts point to big swings ahead for a coin trading at $2.2. 

Trade Idea for Ripple for the Ripple ETF Approval

Traders have several strategies to anticipate the potential XRP ETF approval. One of these approaches is just to go long the coin, and hope that the approval will push it much higher after the approval.

The risk with this approach is that the XRP price has formed a head and shoulders pattern on the daily chart. Its head is at around $3.40, while the shoulders and neck are at $3 and $1.94, respectively. 

A H&S pattern is one of the most bearish patterns, meaning that a breakdown is possible, especially when it loses the support at $1.9447. This risk exists because it is unclear when the SEC will approve the XRP ETFs. 

Another approach is to use long-dated call options to position for the XRP ETF approval. A call option is a trade that gives one a right, but not an obligation to buy an asset at a certain strike price. Consider the following scenario if you expect the Ripple price to hit $3.5 by June 27, when the approval will have happened.

• Strike: $3.50
• Ask price: $0.217
• Delta: 0.32
• Max Risk: $0.217
• Max profit: Unlimited
• Breakeven price at expiry: $3.717

In this case, your risk will be capped and have an unlimited profit potential, if you expect the coin to jump to $3.50. 

Another approach is to buy a $4/$5 call spread, where you risk about $0.076 to potentially make $0.924, representing a 12x return if the coin closes at or above $5.

Summary

The upcoming XRP ETF approval may lead to a strong surge in the coming months, and the options market provides better scenarios. As this report demonstrates, the options market provides an ideal opportunity from a risk-reward perspective.

The post Trade Idea for XRP Price if SEC Approves Ripple ETF Tomorrow appeared first on CoinGape.

Sei Blockchain, the layer-1 chain in a significant bet towards the developing concept of decentralised science, has announced the acquisition of 23andMe after the latter filed for the Chapter-11 Bankruptcy.

The California-based genetic testing and biotech company, 23andMe, has been offering DNA testing via saliva samples for millions of Americans since 2007.

Arguably, Sei revealed in a X post that it is acquiring 23andMe “to defend the genetic privacy of 15 million Americans and ensure their data is protected for generations to come”

Coming amidst the financial vulnerabilities of 23andMe, the Chapter 11 bankruptcy under the U.S. Bankruptcy Code allows businesses (and sometimes individuals) to reorganize their debts while continuing operations.

Decoding the Sei Blockchain’s 23andMe Acquisition

Sei Blockchain has called the genetic data privacy as a national security concern. As per the 23andMe acquisition update, Sei is aiming to bring all the genetic data collected by 23andMe over the years on the Sei Blockchain.

Notably, Blockchain’s immutable and decentralized nature can reduce the risk of unauthorized access and data breaches. It will further return data ownership to users through encrypted, confidential transfers.

With Sei Blockchain’s acquisition, users will also have opportunities to monetize their data by either consenting to participate in research studies or share information with pharmaceutical companies. Since all the transactions will be transparently recorded on the blockchain, users can be contended about security.

As 23andMe approached Bankruptcy, several attorney generals including NY Attorney General Letita James have already asked the firm to delete the genetic data of millions of Americans that it has collected over the years. As its stock declined by 59% after the bankruptcy announcement, many users have already started deleting their accounts.

On the contrast, recently, Donald Trump’s DeFi project World Liberty Financial acquired another 541,242 SEI coins, pushing the SEI price up by 7.3%.

As revealed in the Bankruptcy notice, Anne Wojcicki has resigned from her role as Chief Executive Officer, effective immediately, by mutual agreement between Ms. Wojcicki and the Special Committee.

But What lead 23andMe to go Bankrupt?

In 2007, 23andMe became the first company to offer at-home genetic testing, allowing individuals to send a saliva sample for DNA analysis.

However, once a leader in at-home DNA testing is set to be acquired by Sei Blockchain after it filed for Chapter 11 bankruptcy on March 23.

Initially, the company saw strong sales, but interest in genetic testing waned, leading to unsustainable revenue. Despite securing major investments, including $300 million from GlaxoSmithKline and a $3.5 billion valuation upon going public in 2021, 23andMe failed to develop a recurring revenue model.

The company also faced reputational damage due to a 2023 data breach that compromised 6.9 million customer records, leading to lawsuits and eroding consumer trust. Additionally, a costly $400 million acquisition of Lemonaid Health in 2021 did not yield expected financial returns.

Internal leadership struggles further contributed to instability with the entire independent board resigning in late 2024. And now as part of its bankruptcy filing, 23andMe is now looking to sell its genetic database – the opportunity that Sei Blockchain is seeking to seize.

Pioneering move for DeSci?

By integrating 23andMe’s genetic records onto the Sei blockchain, the Sei foundation can provide users with secure, encrypted control over their personal information.

This approach also aligns with the principles of Decentralized Science (DeSci), which seeks to apply blockchain technology to scientific research and data management. This notably helps in promoting transparency and user empowerment.​

However, ensuring the accurate and secure transfer of vast amounts of sensitive genetic data to the Sei blockchain would be a daunting task for Sei.

Curious to see how this plays out and your plan to deal with HIPPA and DEA regulations(if dealing with medications) that all healthcare companies have to deal with.

I do think there is a huge gap within healthcare records being secure and accessible to the right people and I…

— Donald Blunt (@Woodshed3NFT) March 27, 2025

But if successful, this endeavor could redefine data ownership and privacy in the genomic era, and empower individuals with unprecedented control over their most personal information – GENETIC!

The post Sei Blockchain to Acquire 23andMe: On-Chain Genetic Data Plans Revealed appeared first on CoinGape.

The meme coin market has recently drawn significant interest even though it experiences slight market correction at present. The market capitalization of new meme coins keeps growing to reach $2.76 trillion even while more meme coins enter the market. Now that Binance lists them investors show interest in meme tokens which they believe will experience significant price appreciation.

4 Meme Tokens to Watch for a Potential 100X After Binance Listing

The first group of tokens that Binance chose to advertise in its vote-to-list program has now been announced. The listed tokens in this vote-to-list campaign are MUBARAK, BROCCOLI714, TUT, and BANANAS31. 

Every token issued by Binance will incorporate Seed Tags. The announcement signifies a major development for meme tokens because they are now part of Binance. The inclusion of these tokens introduces a potential investment chance that could reach 100 times. Among these meme coins are Dogecoin, PEPE, SHIB, And POPCAT.

Binance has announced the first batch of Vote to List results and will be listing Mubarak (MUBARAK), CZ’s Dog (BROCCOLI714), Tutorial (TUT), and Banana For Scale (BANANAS31) with Seed Tags applied.

More information https://t.co/mmLtonzuEC pic.twitter.com/4xv6o6XHGn

— Binance (@binance) March 27, 2025

Dogecoin (DOGE)

Dogecoin (DOGE) managed to break through an important falling wedge pattern in its price movement. The market indicates that Dogecoin is currently forming patterns inside a symmetrical triangular structure on its charts. DOGE went up by 10% during the previous week to reach a value of $0.1814. 

The significant weekly price rise has positioned Dogecoin as one of the top meme investments while it keeps moving upward. The Binance listing of DOGE led to increased investor attraction, which motivated analysts to predict a potentially significant increase in its value.

Market analysts consider support at $0.177 as the primary key while resistance exists at $0.207. The value of Dogecoin depends on these fundamental price zones which determine its future market shifts.

Pepe Coin (PEPE)

Pepe Coin (PEPE) captured widespread market interest after it displayed a 10% price increase during the last week. At the current writing period, PEPE shows a 3% price correction that reduced its worth to $0.000007915. 

Pepe Coin maintains its standing as one of the most sought-after meme coins despite its small setback. The coin holds great potential for growth because analysts predict significant gains once Binance does an expected listing that will drive a 100X price surge.

(Popcat) POPCAT 

The price of Popcat Token increased by 20% throughout the last seven days, reaching $0.2256. The token currently stands at a price of $0.2256 following a minimal decrease in market value. Experts anticipate that the Popcat price will keep increasing despite its current value. 

The meme currency Popcat interests investors because it shines as a notable example among other meme tokens. 

The upcoming addition to Binance will create extra support for Popcat to become one of the prominent meme tokens for prospective investors seeking substantial growth.

Shiba Inu (SHIB)

The price of Shiba Inu (SHIB) has maintained a range between $0.00001318 while achieving a 5% increase during the previous week. The price of SHIB reached $0.000015 during a specific period before returning to $0.000012. The market stands ready to launch an additional price increase. 

A bullish trend across the broader market indicates that SHIB has the potential to reach the $0.00002 price mark. Crypto specialists discovered an 18% total earnings as the token conducts well on its upward path. The investor community continues to monitor SHIB for its upcoming major market movement.

Final Thoughts

To sum up, The attention surrounding meme tokens increased following their exchange listings at major platforms such as Binance, which led to increased potential for significant market growth.

The post 4 Meme Tokens That Could 100X After this Key Binance Listing appeared first on CoinGape.

Uniswap (UNI) has slipped below the crucial $6.7 support level, raising concerns about a potential extended downturn. This breakdown comes amid increasing selling pressure, signaling that the bulls may be losing their grip on the market. 

With volatility rising and market uncertainty growing, the next few trading sessions will be crucial in determining whether UNI can bounce back or if a prolonged downtrend is on the horizon. Will the bulls reclaim lost ground, or is UNI heading for even lower levels?

Price Action and Technical Indicators Flash Warning Signs

UNI’s price action is showing clear signs of weakness as the token struggles to regain momentum after breaking below the $6.7 support level. The recent downturn has intensified bearish sentiment, with sellers dominating the market and pushing UNI toward lower support levels. If buying pressure doesn’t return soon, further losses could be imminent.

The asset has dropped below its 100-day Simple Moving Average (SMA), a key long-term support level. This breakdown suggests a potential shift toward a broader downtrend, especially if UNI fails to reclaim this level quickly. A prolonged stay below the 100-day SMA could reinforce seller dominance, increasing the risk of further declines.

Meanwhile, the MACD has flipped bearish, with the signal line crossing below the MACD line, a classic indication that sellers are gaining strength. Additionally, Uniswap trading volume has declined, suggesting a lack of strong bullish participation to counteract the selloff.

For Uniswap to regain strength, buyers must push the price back above $6.7 with strong volume, invalidating the breakdown. Until then, the risk of more downside toward $5.5 and $4.8 remains high.

Can Uniswap Reclaim $6.7 and Reverse Course?

Uniswap is at a critical inflection point after its recent breakdown below $6.70. As UNI struggles to regain momentum, traders and investors are left wondering whether this drop is just a temporary setback or the start of a deeper correction.

While bears have dominated recent price action, the market questions whether UNI can fight its way back above this key level or if the resistance will hold. If UNI manages to break and hold above $6.7 with robust buying volume, it could indicate that bullish momentum is returning, invalidating recent bearish pressure and signaling a potential trend reversal. 

A decisive breakout above this level would restore investor confidence and also attract more buyers, leading to an extended rally. Should this scenario unfold, UNI might gain traction toward $8.7, with a sustained push driving the price to $10.3 and beyond in the coming weeks.