Cryptocurrency
Crypto debanking could drive industry underground: Australia Treasury

The growing trend of cutting services to cryptocurrency companies in Australia could lead to undesired consequences like making the industry less transparent, according to the state.
Australia’s Treasury on 28 June published an official statement addressing potential policy responses on debanking in Australia. Debanking occurs when a bank declines to provide services to a customer citing issues like Anti-Money Laundering (AML), sanctions compliance, reputational risk considerations and others, the authority noted.
According to the Treasury, there is a clear lack of data on debanking practices in Australia, which makes it challenging to design effective policy responses. “The Government acknowledges the importance of insightful data to monitor any potential policy responses to de-banking,” the statement reads. The authority added:
“The Government recognises the seriousness of de-banking and understands that inaction on the issue will stifle competition and innovation in the financial services sector and may drive businesses underground and to operate exclusively in cash.”
Among four issued policy responses on debanking, Australia’s Treasury mentioned digital currency exchanges. The authority specifically advised Australia’s four major banks — Commonwealth Bank of Australia (CBA), Westpac, ANZ Group and National Australia Bank — to publish guidance applicable to crypto exchanges.
The Treasury stressed that it has encouraged the banks to publish data on their requirements and risk tolerance of crypto services providers, the document reads.
“The Government expects banks to communicate their requirements to both existing and potential customers clearly and proactively prior to refusing or withdrawing banking services,” Australia’s Treasury wrote. The state will also work closely with regulators, banks and the affected sectors to ensure that the implementation of the “agreed upon recommendations is effective and achievable.”
Related: Binance Australia got 12 hours’ notice before it was debanked, exec says
Australia’s Treasury moves to protect the local crypto industry came soon after CBA, the largest Australian bank, said in early June that it would restrict certain payments to crypto exchanges over scam risks. Previously, Westpac also banned customers from transacting with Binance crypto exchange in mid-May.
Australia is currently hosting a major blockchain and cryptocurrency event called Blockchain Australia. On June 26, the conference had a panel featuring executives from all “Big Four” banks in Australia, with execs providing their reasoning for shutting down services to crypto exchanges.
The Australian Big4 banks @CommBank @NAB @ANZ_AU on what they’re doing in blockchain – carbon credits, illiquid and private markets is where it’s at – though concern over lack of regulatory clarity
Excellent moderating by @MikeBacina #web3 #BW2023 pic.twitter.com/94k3QPPgn7
— alysesue.eth (@alysesue) June 26, 2023
“One in three of the dollars that are scammed from Australians touch crypto, one in three. So it’s the single largest lever that we have to reduce this impact on our customers,” CBA managing director of blockchain and digital assets Sophie Gilder said.
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Cryptocurrency
Bitcoin Stalls, Altcoins Move: This Week’s Top Gainers and Losers (Weekend Watch)

Although it went through some volatility in the past seven days, bitcoin’s price actually stands at the same spot as it did last Sunday.
Many altcoins have produced bigger moves, as ETH has bounced above $2,000 once again, while DOGE is close to breaking below $0.17.
BTC Stalls at $84K
As the chart on the bottom of this article will show, BTC’s price stood at $84,000 last Sunday before it headed south on Monday and later on Tuesday. The weekly bottom came at just over $81,000 at the time as traders were preparing for the conclusion of the FOMC meeting on Wednesday.
Once it became known that the Fed will not change the interest rates again, BTC faced some volatility but ultimately shot up to a multi-week peak of over $87,000 during Thursday morning’s Asian trading session.
However, this was short-lived, and the bears pushed the asset south later on Thursday and Friday. The biggest drop at the time came with a slide to $83,000. Nevertheless, BTC managed to defend that level and has returned to just over $84,000, as mentioned above. The weekend has been quite dull, with little to no movements.
Its market cap has remained still at $1.670 trillion, while its dominance over the alts has been reduced this week to 58.3%.
ETH Above $2K
The market moves over the past day have been lacking, so we will focus on the weekly performances. Ethereum is actually up by over 4%, which has helped it jump past the coveted $2,000 mark. Tron and Toncoin have popped up as the top gainers from the larger-cap alts, surging by 9% and 6.5%, respectively.
UNI, APT, KBT, AAVE, GT, and HYPE lead the way from the mid-cap alts. In contrast, Pi Network’s PI token has plummeted by over 32% since last Sunday to $1.
Solana, Cardnao, and Dogecoin are also in the red from the larger-cap alts, with losses of up to 4%.
The total crypto market cap is essentially at the same spot as yesterday at $2.870 trillion on CG.
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Cryptocurrency charts by TradingView.
Cryptocurrency
Good News for Ripple (XRP) and Cardano (ADA) Investors: Details

TL;DR
- Although both ADA and XRP are down on a weekly scale, their performance could reverse in the short term, as suggested by a popular metric that has flashed a buy signal.
- Interestingly, the projects behind both assets have been linked in the past and are expected to announce a joint venture soon.
The metric in question, brought by popular crypto analyst Ali Martinez, is the TD Sequential, which showcases whether an asset has reached an exhaustion point in either direction.
For XRP, the indicator has flashed a buy signal on the 4-hour chart, which could suggest “the start of a short-term rebound,” said Martinez.
$XRP just flashed a TD Sequential buy signal on the 4-hour chart. This could be the start of a short-term rebound pic.twitter.com/PXERVCxbPI
— Ali (@ali_charts) March 22, 2025
Ripple’s cross-border token experienced a sharp and brief uptick earlier this week when company CEO Brad Garlinghouse announced a victory in the legal case against the SEC. XRP went from $2.3 to $2.6 within an hour or so but failed to keep the momentum up and has retraced to under $2.4 now.
The same indicator posted a similar buy signal when it came down to ADA, according to the 4-hour chart, showing that a rebound could be on the horizon.
#Cardano $ADA just got a buy signal from the TD Sequential on the 4-hour chart. A rebound could be on the horizon!
Join me in this trade by signing up to @coinexcom using my referral link https://t.co/73n8mWavUX pic.twitter.com/6HxRlkWhWV
— Ali (@ali_charts) March 21, 2025
ADA has struggled in the past month or so, losing over 10% of its value and currently struggling to remain above $0.7. Previously, Martinez said the asset could skyrocket to $2, but it has to close above $1.2 on the daily chart, which seems like a distant dream now.
XRP and ADA have been linked on numerous occasions in the past several months. US President Trump mentioned them, alongside SOL, ETH, and BTC, in regard to the suggested strategic crypto reserve in the country.
Additionally, Charles Hoskinson and Ripple execs have been exchanging kind words since the US elections, hinting on multiple occasions about a potential collaboration between the two parties. However, nothing official has been made public yet.
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Cryptocurrency
Ripple News Today

Woes of insider trading, some technical warnings for XRP’s price, amid a number of other interesting developments for Ripple – news that you can’t miss.
Was there XRP insider trading prior to CEO announement of SEC victory?
According to a recent research by Santiment, large XRP wallets inccreased their holdings by around 6.5% in the two months leading up to the announcement that the SEC had dropped its appeal against the company.
In addition to that, this period also saw a sixfold increase in unique wallet activity on the Ripple network, which contrasts wit user outflows on other blockchains.
However, it’s a stretch to say that there was insider trading, because the news was widely anticipated as some experts even said that it was priced in ever since Donald Trump won the elections in November last year.
Time to short XRP?
Some are of the opinion that the XRP token might as well be overvalued, given that a lot of the catalysts for a positive price move have already happened, begging the question if it’s time to short it.
Ripple essentially “won” the lawsuit against the US Securities and Exchange Commission, although they still have to pay a hefty fine and they’ve stated that they will be contesting that. However, the Commission won’t carry the motion further, which is good enough.
At the same time, hightened social media activity around XRP has prompted some analysts to believe that it might be a good opportunity for contrarian investors to consider shorting the cryptocurrency.
XRP price to drop by 50%?
Ali Martinez, a well-known crypto analyst with hundreds of thousnads of followers on X, recently posted a controversial take on the XRP price, predicting a substantial crash.
According to him, the recent pump and dump in XRP has essentially created a very popular technical pattern known as head-and-shoulders. If it plays out, this could result in a 50% dump in the asset’s price, driving it down toward $1.25.
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