Bitcoin could challenge the $120,000 to $123,218 resistance zone but crossing it may be a tough ask for the bulls. Key points: Bitcoin has made a brilliant comeback but is expected to face significant resistance in at $120,000. Ether looks strong on the charts and is expected to challenge the $4,094 level, where sellers are expected to step in. Read more Original
Key takeaways: XRP (XRP) has risen by over 10% since Thursday, when Ripple and the US Securities and Exchange Commission (SEC) agreed to dismiss their legal appeals against one another. XRP/USD daily price chart. Source: TradingView XRP futures volume surpasses Solana XRP futures trading volume spiked over 200% in the past 24 hours to $12.4 billion, overtaking Solana’s $9.6 billion, according to onchain data resource Glassnode. XRP vs other cryptocurrencies’ futures data as of Friday. Source: Glassnode Rising futures volume often reflects heightened trader interest and speculative positioning, especially after…
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Crypto pundit Versan Aljarrah, the founder of Black Swan Capitalist, published a lengthy post on X on Aug. 7 alleging that the XRP price is being deliberately constrained by a multi-pronged architecture spanning exchanges, regulation, and…
Ripple Labs’ long-running legal fight with the US Securities and Exchange Commission (SEC) is officially over after both sides agreed to drop their appeals in the case. Related Reading According to reports, a joint filing on August 7 confirmed the decision to the 2nd Circuit Court of Appeals, ending a nearly five-year dispute that has shaped debate over how cryptocurrencies are regulated. Back To Business Ripple’s chief legal officer Stuart Alderoty said on social media the matter was “over” and the company could get “back to business.” Following the Commission’s…
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Key Notes Ripple and the SEC have officially ended their four-year legal battle. Judge Torres’ ruling that XRP is not a security in retail transactions stands. Analysts say the legal clarity could pave the way for a BlackRock XRP ETF filing. Ripple and the US Securities and Exchange Commission (SEC) have formally ended their legal dispute. Both parties filed a joint dismissal of all remaining appeals, bringing closure to a lawsuit that began in December 2020 and has stretched for over four years. The agreement follows the SEC’s internal vote…
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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…
XRP shatters legal shackles as the SEC case finally closes, unlocking Ripple’s full-scale expansion, regulatory clarity for crypto, and a tidal wave of market momentum. Ripple v SEC Case Has Ended, XRP Leaves Behind 5 Years of Uncertainty The lengthy legal standoff between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has officially […] Source BitcoincryptoexchangeExchanges CryptoX Portal
Key Notes Despite the drop in XRP ETF approval odds, XRP price remains stable around $3.05. Speculation continues around a potential BlackRock XRP ETF, and Ripple partner SBI Holdings has filed for a Bitcoin-XRP dual ETF in Japan. All 13 recent internal SEC votes on crypto ETPs passed with a 3-1 margin, with Crenshaw as the sole dissenting vote. The odds of spot XRP ETF approval have tanked more than 9% to 62% soon after Caroline Crenshaw, the Commissioner of U.S. Securities and Exchange Commission (SEC), said that she remains…