📛 XRP declines 2% as SEC vs. Ripple lawsuit advances, crypto exchange Uphold expresses support to RLUSD
• XRP trades at $0.5334 on Tuesday, down 2% on the day.
• Uphold supports Ripple’s stablecoin RLUSD, the crypto exchange comments on platform integration.
• XRP gears up for a nearly 7% decline in its price.
Ripple (XRP) lost nearly 2% of its value on Tuesday, October 22. The native token of the XRPLedger could extend its losses as XRP holders speculate the future of the altcoin, the Securities & Exchange Commission’s (SEC) lawsuit against Ripple and Ripple USD’s (RLUSD) utility and adoption among institutions.
Ripple made several announcements, such as listing official exchange partners and teasing the launch of the stablecoin with no fixed date, during the Swell 2024 event. Since then the focus has shifted to the SEC’s appeal against the final ruling in the Ripple lawsuit, the payment firm’s counter-appeal and Bitwise’s XRP ETF application.
• XRP trades at $0.5334 on Tuesday, down 2% on the day.
• Uphold supports Ripple’s stablecoin RLUSD, the crypto exchange comments on platform integration.
• XRP gears up for a nearly 7% decline in its price.
Ripple (XRP) lost nearly 2% of its value on Tuesday, October 22. The native token of the XRPLedger could extend its losses as XRP holders speculate the future of the altcoin, the Securities & Exchange Commission’s (SEC) lawsuit against Ripple and Ripple USD’s (RLUSD) utility and adoption among institutions.
Ripple made several announcements, such as listing official exchange partners and teasing the launch of the stablecoin with no fixed date, during the Swell 2024 event. Since then the focus has shifted to the SEC’s appeal against the final ruling in the Ripple lawsuit, the payment firm’s counter-appeal and Bitwise’s XRP ETF application.
XRP fails to recover even as Ripple files appeal in response to SEC's move
• Ripple announced on Thursday the filing of Form C, a pre-argument statement outlining the issues the firm will address in the appeals process.
• Ripple's move comes after the SEC appealed the 2024 final ruling in the lawsuit that imposed a $125 million penalty on the firm.
• XRP price loses over 1.5% on the day, showing that lawsuit-related developments failed to catalyze gains for the crypto token.
Ripple (XRP) price has been range bound between $0.5666 and $0.5068 since October 3. Over the past 20 days, XRP has traded within the range even as the Securities & Exchange Commission (SEC) vs. Ripple lawsuit sees new developments.
At the time of writing on Friday, XRP price loses over 1.5% on the day, trading at $0.5230, and could fall nearly 9% if the altcoin corrects further.
• Ripple announced on Thursday the filing of Form C, a pre-argument statement outlining the issues the firm will address in the appeals process.
• Ripple's move comes after the SEC appealed the 2024 final ruling in the lawsuit that imposed a $125 million penalty on the firm.
• XRP price loses over 1.5% on the day, showing that lawsuit-related developments failed to catalyze gains for the crypto token.
Ripple (XRP) price has been range bound between $0.5666 and $0.5068 since October 3. Over the past 20 days, XRP has traded within the range even as the Securities & Exchange Commission (SEC) vs. Ripple lawsuit sees new developments.
At the time of writing on Friday, XRP price loses over 1.5% on the day, trading at $0.5230, and could fall nearly 9% if the altcoin corrects further.
🔥 BULLISH: BlackRock’s $IBIT bought $292 million worth of #Bitcoin yesterday.
That’s 4,270 $BTC added to their holdings! 🎯🚀🚀
That’s 4,270 $BTC added to their holdings! 🎯🚀🚀
Make sure you’re printing everything from the market ⚡️💯
#Xrp to the world 🚀 ❤️
#Xrp to the world 🚀 ❤️
When we predict btc will hit $70k
Non of you all believe that
Today btc is at $71k
Don’t take information you get here for granted.
Dm @o360xtrade for new trading strategy and more
Non of you all believe that
Today btc is at $71k
Don’t take information you get here for granted.
Dm @o360xtrade for new trading strategy and more
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JUST IN🚧: BlackRock CEO Larry Fink says "we're going to have at least" another 25bps interest 📊 rate cut this year.
@cryptoopdate
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🇺🇸 Donald Trump says: "Bitcoin is not threatening the dollar, the behavior of the current US government is really threatening the dollar."
Should I buy more Btc tomorrow with 10x leverage 😂🤔
@cryptoopdate
Should I buy more Btc tomorrow with 10x leverage 😂🤔
@cryptoopdate
🚨 Grand finale of altcoin reckoning’ soon, warns crypto trader
📛 Altcoins could be in for more pain before any gains are seen, according to a crypto trader, who predicted that a final “altcoin reckoning” is due to occur.
“It looks like the grand finale of the altcoin reckoning has finally arrived,” commented ITC Crypto founder Benjamin Cowen in a post on X on Nov. 4.
He added that this altcoin reckoning should be over by December 2024 or the second week of January 2025 at the latest. “It has been a long journey, and many gave up along the way, but this process was always going to play out,” he said.
The prediction is based on a final flush-out for altcoin markets, which occurred during the bear market of 2019, and the altcoin market capitalization chart is currently showing a similar pattern.
🚧 Altcoins showed a gradual recovery in 2020 before surging to fresh highs in 2021. According to the analyst, this scenario is likely to play out in 2025.
@cryptoopdate
📛 Altcoins could be in for more pain before any gains are seen, according to a crypto trader, who predicted that a final “altcoin reckoning” is due to occur.
“It looks like the grand finale of the altcoin reckoning has finally arrived,” commented ITC Crypto founder Benjamin Cowen in a post on X on Nov. 4.
He added that this altcoin reckoning should be over by December 2024 or the second week of January 2025 at the latest. “It has been a long journey, and many gave up along the way, but this process was always going to play out,” he said.
The prediction is based on a final flush-out for altcoin markets, which occurred during the bear market of 2019, and the altcoin market capitalization chart is currently showing a similar pattern.
🚧 Altcoins showed a gradual recovery in 2020 before surging to fresh highs in 2021. According to the analyst, this scenario is likely to play out in 2025.
@cryptoopdate
👍4❤🔥1
🇺🇸 ETF FLOWS: Around 8,970 $BTC and 21,600 $ETH were bought on Nov. 6
BTC ETFs saw $621.9M in net inflows. 🚀🚀
ETH ETFs saw $52.3M in net inflows.🚀🚀
BTC ETFs saw $621.9M in net inflows. 🚀🚀
ETH ETFs saw $52.3M in net inflows.🚀🚀
🔥3
📊Snowden calls for decentralization, criticizes VC influence on Solana 📯
Edward Snowden highlighted the importance of decentralization, sharing concerns about AI-driven surveillance and the influence of venture capitalists on blockchain.
🧑⚖️ Edward Snowden, the privacy advocate and former National Security Agency (NSA) contractor, addressed decentralization during his appearance at Near’s Redacted conference in Bangkok, Thailand.
Speaking on topics like cryptocurrencies, artificial intelligence and blockchain technology, Snowden also addressed the impact of venture capital (VC) on blockchain projects, using Solana as an example.
He described Solana as “born in prison” due to its heavy VC funding, suggesting that financial backing can impede a blockchain network’s ability to operate independently.
While he acknowledged Solana’s rapid growth, Snowden expressed concerns that too much ownership has been ceded to investors, though he noted Solana could “become something” in the future.
#Share
@cryptoopdate
Edward Snowden highlighted the importance of decentralization, sharing concerns about AI-driven surveillance and the influence of venture capitalists on blockchain.
🧑⚖️ Edward Snowden, the privacy advocate and former National Security Agency (NSA) contractor, addressed decentralization during his appearance at Near’s Redacted conference in Bangkok, Thailand.
Speaking on topics like cryptocurrencies, artificial intelligence and blockchain technology, Snowden also addressed the impact of venture capital (VC) on blockchain projects, using Solana as an example.
He described Solana as “born in prison” due to its heavy VC funding, suggesting that financial backing can impede a blockchain network’s ability to operate independently.
While he acknowledged Solana’s rapid growth, Snowden expressed concerns that too much ownership has been ceded to investors, though he noted Solana could “become something” in the future.
#Share
@cryptoopdate
❤1
☄️$80K BTC price chases gold — 5 Things to know in Bitcoin this week 🤔
Bitcoin brings the heat to risk assets as rapid new all-time highs spark widely varied BTC price targets.
BTC price surge delivers nearly $82,000 to start the week😎.
📮 Macroeconomic data releases continue to come thick and fast as United States Presidential Election fever gives way to the ongoing inflation narrative.
😭 After months of frustration, Bitcoin traders are finally seeing BTC/USD catch up with gold.
📈 BTC price gains may be impressive, but in percentage terms, there is still a long way to go before November 2024 matches historical average gains. Aww
Bitcoin traders diverge over future BTC price trend
Having nearly reached $82,000, Bitcoin is starting the week with bang as BTC price discovery takes hold.
Data from Cointelegraph Markets Pro and TradingView s hows new all-time highs of $81,888 hitting on Bitstamp after the weekly close.
#Share
@cryptoopdate
Bitcoin brings the heat to risk assets as rapid new all-time highs spark widely varied BTC price targets.
BTC price surge delivers nearly $82,000 to start the week😎.
📮 Macroeconomic data releases continue to come thick and fast as United States Presidential Election fever gives way to the ongoing inflation narrative.
😭 After months of frustration, Bitcoin traders are finally seeing BTC/USD catch up with gold.
📈 BTC price gains may be impressive, but in percentage terms, there is still a long way to go before November 2024 matches historical average gains. Aww
Bitcoin traders diverge over future BTC price trend
Having nearly reached $82,000, Bitcoin is starting the week with bang as BTC price discovery takes hold.
Data from Cointelegraph Markets Pro and TradingView s hows new all-time highs of $81,888 hitting on Bitstamp after the weekly close.
#Share
@cryptoopdate
🚨 BREAKING: FTX sues Binance and ex-CEO CZ aiming to claw back $1.8B over allegedly fraudulent transfers from Sam Bankman-Fried’s 2021 buyout…