Cryptocurrencies Price Prediction: Bitcoin, Ripple & Ethereum – European Wrap 14 March

Crypto Today: BNB, OKB, BGB tokens gain $1.9 billion as BTC price, Shiba Inu and Chainlink lead market rebound

In derivatives markets, Bitcoin trading volumes declined 14% to $75.77 billion while open interest crossed $48 billion, which had increased by 1.5% over the past day. 

This suggests that Bitcoin’s rebound lacks strong conviction, as traders entering new positions have done so with low-volume trades, signaling reluctance to take on larger commitments amid current market conditions.

US SEC may declare XRP a 'commodity' as Ripple settlement talks begins

The US Securities and Exchange Commission (SEC) is considering classifying XRP as a commodity in its ongoing settlement talks with Ripple Labs. 

The SEC is considering classifying XRP as a commodity in its ongoing settlement talks with Ripple Labs. According to FOX correspondent Charles Gasparino, the US securities regulators are using Ether as a benchmark in order to build a case for either classifying XRP as a commodity or maintaining its current classification. 

Ethereum developers delay Pectra mainnet launch with new testnet Hoodi

Ethereum developers announced on Thursday that they will launch a new testnet, "Hoodi," to enable validators and infrastructure providers to adequately test the upcoming Pectra upgrade before mainnet deployment, according to Tim Beiko, who runs Ethereum's core protocol meetings.

In the latest All Core Developers Consensus (ACDC) call on Thursday, developers decided to launch Hoodi to specifically test validator exits — the process of removing a validator from performing block attestation and consensus duties.