XRP recovers from week-long decline following Ripple’s response to SEC motion
Ripple (XRP) continues to recover on Friday from its almost ten-day decline, clinging to gains after closing above $0.51 on Wednesday.
In the legal battle between Ripple and the US Securities and Exchange Commission (SEC) – which is one of the key drivers of XRP price – both parties are clashing over the validity of the testimony of SEC’s Assistant Chief Accountant Andrea Fox. Ripple filed on Thursday a new letter supporting its motion to strike new expert materials as it considers Fox’s statements as expert testimony and argues that the regulator should have introduced expert testimony during the remedies discovery phase that has passed.
The SEC is expected to file its response by May 6, following which market participants expect a ruling from the court.
Daily Digest Market Movers: Ripple files letter to support striking expert materials.
Ripple (XRP) continues to recover on Friday from its almost ten-day decline, clinging to gains after closing above $0.51 on Wednesday.
In the legal battle between Ripple and the US Securities and Exchange Commission (SEC) – which is one of the key drivers of XRP price – both parties are clashing over the validity of the testimony of SEC’s Assistant Chief Accountant Andrea Fox. Ripple filed on Thursday a new letter supporting its motion to strike new expert materials as it considers Fox’s statements as expert testimony and argues that the regulator should have introduced expert testimony during the remedies discovery phase that has passed.
The SEC is expected to file its response by May 6, following which market participants expect a ruling from the court.
Daily Digest Market Movers: Ripple files letter to support striking expert materials.
#Doge
Moving Sharply Towards Targets Running In Almost 8% Profit So Far Still Long Way To Go Analysis Was Shared On Twitter
Moving Sharply Towards Targets Running In Almost 8% Profit So Far Still Long Way To Go Analysis Was Shared On Twitter
#Sol
Getting Ready For Another Bullish Rally Breaking Bullish Flag Incase Of Successful Breakout Expecting Move Towards 250$
Getting Ready For Another Bullish Rally Breaking Bullish Flag Incase Of Successful Breakout Expecting Move Towards 250$
#Eth
Ethereum Is In Strong Uptrend & Now Consolidating In Falling Wedge Its Normal Correction And Seems Like Correction Has Already Completed Approaching Towards Upper Trendline Of Falling Wedge Range Incase Of Successful Breakout Expecting 45-50% Bullish Wave In Coming Days Keep Eyes On Eth For Breakout Also Eth Will Lead #Altseason Too
Ethereum Is In Strong Uptrend & Now Consolidating In Falling Wedge Its Normal Correction And Seems Like Correction Has Already Completed Approaching Towards Upper Trendline Of Falling Wedge Range Incase Of Successful Breakout Expecting 45-50% Bullish Wave In Coming Days Keep Eyes On Eth For Breakout Also Eth Will Lead #Altseason Too
A lot of requests on mentorship and live trading signals, strategy and updates to make good profits from the market,
Reach out to @alphatrades42 for info and portfolio boosting 🚀✅
Reach out to @alphatrades42 for info and portfolio boosting 🚀✅
XRP holders to see redacted versions of SEC reply in Ripple lawsuit on Wednesday
💢 Ripple lawsuit sees SEC file its reply under seal, alongside supporting exhibits.
💢 The documents’ public redacted versions will be filed by Wednesday, May 8.
💢 XRP is hovering around $0.53 after rallying to a $0.57 high on Monday.
Ripple (XRP) lawsuit’s latest development is Securities and Exchange Commission (SEC) filing, under seal. The regulator has filed its reply brief and supporting exhibits and the documents will be made public on Wednesday, May 8.
The next key deadline in the lawsuit is May 13 By this date, both parties are expected to file motions to seal all remedies-related materials from recent proceedings.
🎯 Daily Digest Market Movers: Ripple and SEC to confer and redacted version of the filing will be out soon
💥 The SEC alleged that Ripple had violated securities laws and asked the court to fine the payment firm $2 billion in penalties for unregistered sale of XRP tokens to institutions.
💥 The two parties are currently debating the “expert material” status of SEC’s Chief Assistant Accountant Andrea Fox’s statements, per latest filings from Ripple and the regulator.
💥 The SEC filed its response to Ripple’s brief on Monday, May 6, alongside supporting exhibits.
💥 The filing is under wraps and the firm is expected to meet the regulator, concur on parts that need to be redacted before making them available for public view, per attorney James Filan’s update on Twitter.
💥 On May 13, both parties are expected to file omnibus-letter motions to seal all materials relating to remedies-related briefing, including briefs, declarations and supporting exhibits.
💥 May 20 is the deadline for the payment remittance firm and Ripple to file their opposition to the briefs.
@cryptoopdate
#share to grow ripple communities
💢 Ripple lawsuit sees SEC file its reply under seal, alongside supporting exhibits.
💢 The documents’ public redacted versions will be filed by Wednesday, May 8.
💢 XRP is hovering around $0.53 after rallying to a $0.57 high on Monday.
Ripple (XRP) lawsuit’s latest development is Securities and Exchange Commission (SEC) filing, under seal. The regulator has filed its reply brief and supporting exhibits and the documents will be made public on Wednesday, May 8.
The next key deadline in the lawsuit is May 13 By this date, both parties are expected to file motions to seal all remedies-related materials from recent proceedings.
🎯 Daily Digest Market Movers: Ripple and SEC to confer and redacted version of the filing will be out soon
💥 The SEC alleged that Ripple had violated securities laws and asked the court to fine the payment firm $2 billion in penalties for unregistered sale of XRP tokens to institutions.
💥 The two parties are currently debating the “expert material” status of SEC’s Chief Assistant Accountant Andrea Fox’s statements, per latest filings from Ripple and the regulator.
💥 The SEC filed its response to Ripple’s brief on Monday, May 6, alongside supporting exhibits.
💥 The filing is under wraps and the firm is expected to meet the regulator, concur on parts that need to be redacted before making them available for public view, per attorney James Filan’s update on Twitter.
💥 On May 13, both parties are expected to file omnibus-letter motions to seal all materials relating to remedies-related briefing, including briefs, declarations and supporting exhibits.
💥 May 20 is the deadline for the payment remittance firm and Ripple to file their opposition to the briefs.
@cryptoopdate
#share to grow ripple communities
♨️ Technical analysis: XRP hovers around $0.53 as traders digest updates in lawsuit
Ripple rallied to a high of $0.57 on Monday as the SEC filed its reply brief under wraps. XRP is hovering around $0.53, a key level for XRP in the past five days. The green histogram bars on the Moving Average Convergence Divergence indicator and the recent crossover above the signal line, support XRP price gains.
🔆 XRP faces immediate resistance at $0.5574, the 61.8% Fibonacci retracement level of the decline between April 9 top of $0.6431 to April 13 low of $0.4188.
XRP could find support at $0.50 in the event of a decline in price.
Ripple rallied to a high of $0.57 on Monday as the SEC filed its reply brief under wraps. XRP is hovering around $0.53, a key level for XRP in the past five days. The green histogram bars on the Moving Average Convergence Divergence indicator and the recent crossover above the signal line, support XRP price gains.
🔆 XRP faces immediate resistance at $0.5574, the 61.8% Fibonacci retracement level of the decline between April 9 top of $0.6431 to April 13 low of $0.4188.
XRP could find support at $0.50 in the event of a decline in price.
All the admins of this community
Are now working harder on their research about market updates and strategies.
Get ready for big news.
Are now working harder on their research about market updates and strategies.
Get ready for big news.
🅾️ Robinhood Receives Wells Notice From SEC Staff, Shiba Inu Burn Rate Surges 4,085%, Cardano Hits 90 Million Transactions in Major Milestone: Crypto News Digest by @cryptoopdate
💥 SEC staff send Wells Notice to Robinhood According to a recent post by Walter Bloomberg X user, Robinhood received a Wells Notice from the SEC. The notice was issued on May 4, Street Insider reports. The staff of the regulating agency has reached a “preliminary determination” recommending that the SEC pursue an enforcement action against Robinhood. Per the staff, Robinhood has allegedly violated Sections 15(a) and 17A of the Securities Exchange Act of 1934, which implies that Robinhood offers its customers crypto assets, which the SEC classifies as unregistered securities. This is not the first time Robinhood has fallen under the SEC's scrutiny; back in December 2022, the crypto trading platform received an investigative subpoena from the SEC concerning Robinhood's cryptocurrency listings, crypto custody and overall platform operations. Shiba Inu sets 81 million SHIB ablaze as burn rate soars 4,085% Data provided by the Shibburn tracker demonstrates that yesterday, the Shiba Inu community managed to incinerate more than 81 million SHIB tokens. This action by SHIB enthusiasts pushed the burn rate up by 4,085.94% over 24 hours, reducing the amount of SHIB tokens in circulation to 589,273,767,344,481 SHIB. However, the seemingly large sum of burned meme coins, 81,649,878 SHIB, is worth only $2,039, which is not enough to make the price of the underlying token rise significantly. Still, the surge in Shiba Inu's burn rate contributes to community members' increased optimism. It also underscores the community's confidence that when the SHIB burn portal is launched, it will yield the expected results. At the moment of writing, SHIB is trading at $0.00002383, down by 1.76% over the past 24 hours, per CoinMarketCap.
💥 SEC staff send Wells Notice to Robinhood According to a recent post by Walter Bloomberg X user, Robinhood received a Wells Notice from the SEC. The notice was issued on May 4, Street Insider reports. The staff of the regulating agency has reached a “preliminary determination” recommending that the SEC pursue an enforcement action against Robinhood. Per the staff, Robinhood has allegedly violated Sections 15(a) and 17A of the Securities Exchange Act of 1934, which implies that Robinhood offers its customers crypto assets, which the SEC classifies as unregistered securities. This is not the first time Robinhood has fallen under the SEC's scrutiny; back in December 2022, the crypto trading platform received an investigative subpoena from the SEC concerning Robinhood's cryptocurrency listings, crypto custody and overall platform operations. Shiba Inu sets 81 million SHIB ablaze as burn rate soars 4,085% Data provided by the Shibburn tracker demonstrates that yesterday, the Shiba Inu community managed to incinerate more than 81 million SHIB tokens. This action by SHIB enthusiasts pushed the burn rate up by 4,085.94% over 24 hours, reducing the amount of SHIB tokens in circulation to 589,273,767,344,481 SHIB. However, the seemingly large sum of burned meme coins, 81,649,878 SHIB, is worth only $2,039, which is not enough to make the price of the underlying token rise significantly. Still, the surge in Shiba Inu's burn rate contributes to community members' increased optimism. It also underscores the community's confidence that when the SHIB burn portal is launched, it will yield the expected results. At the moment of writing, SHIB is trading at $0.00002383, down by 1.76% over the past 24 hours, per CoinMarketCap.
#Rune
Breaking Trendline Incase Of Successful Expecting New Higher High In Coming Days Expecting Bullish Wave Towards 12$ In Coming Days
Breaking Trendline Incase Of Successful Expecting New Higher High In Coming Days Expecting Bullish Wave Towards 12$ In Coming Days
#Snx
Seems Like Correction Is Already Done Snx Formed Falling Wedge Incase Of Successful Breakout Expecting 100-120% Bullish Wave
Seems Like Correction Is Already Done Snx Formed Falling Wedge Incase Of Successful Breakout Expecting 100-120% Bullish Wave
#Super
Seems Like Healthy Correction Has Almost Completed Now Testing Trendline Incase Of Successful Breakout Expecting Trend Continuation & Expecting New Higher High In Coming Days
Send It Towards 2$
Seems Like Healthy Correction Has Almost Completed Now Testing Trendline Incase Of Successful Breakout Expecting Trend Continuation & Expecting New Higher High In Coming Days
Send It Towards 2$
📰 ℹ️ 📄 Binance will list BounceBit (BB)
🔸 Binance will add BounceBit (BB) and open trading for the following trading pairs from 05/13/2024 13:00 (UTC): BB/BTC, BB/USDT, BB/BNB, BB/FDUSD and BB/TRY.
▪️ Please ensure you evaluate the risks before trading new tokens as their prices are often subject to high volatility.
🔸 Binance will add BounceBit (BB) and open trading for the following trading pairs from 05/13/2024 13:00 (UTC): BB/BTC, BB/USDT, BB/BNB, BB/FDUSD and BB/TRY.
▪️ Please ensure you evaluate the risks before trading new tokens as their prices are often subject to high volatility.
#Doge
Seems Like Getting Ready For Another Bullish Wave Formed & Testing Falling Wedge Resistance Incase Of Successful Breakout Expecting Massive Bullish Wave Towards 0.27-0.30$
Seems Like Getting Ready For Another Bullish Wave Formed & Testing Falling Wedge Resistance Incase Of Successful Breakout Expecting Massive Bullish Wave Towards 0.27-0.30$