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Crypto

Crypto exchange closures may signal market bottom, Tom Lee says

A series of cryptocurrency exchange shutdowns could be a sign the market is near a bottom, Fundstrat co-founder Tom Lee said. His comments followed BitMart’s decision to end its trading platform and BitMEX’s plan to halt operations this year. Lee maintained a long-term optimistic view on ethereum, comparing its evolution potential to growth inflection points seen at Amazon, Nvidia and JPMorgan, and reiterated a $250,000 long-term target.

Crypto

U.S. police union backs Clarity Act revision, Coinbase urges Senate to take position

A large U.S. law enforcement organisation has publicly backed the latest revision to the Clarity Act, prompting Coinbase to press the Senate to clearly state whether it supports the amendment. Coinbase Chief Legal Officer Paul Grewal called for a public position after the Fraternal Order of Police declared support. The group said the revised bill reflects its concerns while preserving enforcement powers to investigate crypto-related crime.

Crypto

Ripple infrastructure grows but XRP stays quiet as 2028 breakout scenario emerges

A technical outlook suggests XRP could remain in a long trading range until August 2028. U.Today reported that, based on Bollinger Bands, the XRP chart appears to repeat the 2022-2024 accumulation phase. The analysis says Ripple’s business expansion and XRP price may move separately. It cites weakening institutional demand for spot XRP ETFs, the launch of Ripple Mint for RLUSD, and U.S. regulatory uncertainty as factors limiting upside momentum.