In the latest development of a long-running legal saga, Coinbase has asked the judge presiding over its battle with the SEC to grant its request for an interlocutory appeal, or an appeal granted before the resolution of a case, in light of the agency's recent appeal of its separate case against web3 payments firm Ripple.
The Securities and Exchange Commission (SEC) sued Coinbase in June 2023 and accused the company of selling unregistered securities.
Amid increased price volatility in the cryptocurrency market, top tokens continue recording a mixed price sentiment. Moreover, limelight tokens such as Bitcoin, Ethereum, and XRP are currently hovering close to critical ranges.
XRP price has seen a significant downturn in its price recently, dropping from $0.64 to $0.52, marking an 18% crash. However, the altcoin is now focusing on recovering this loss, with a key group of long-term investors potentially playing a vital role in driving this recovery.
The SEC has filed an appeal against a previous ruling that deemed programmatic sales of XRP as not constituting investment contracts, a decision that significantly reduced the penalties Ripple faced. However, there has been a lot of confusion regarding this appeal and XRP enthusiasts took to social media to express their frustration.
The Solana price is up 1.88% in the last 24 hours following the broader market relief rally. The bullish turnaround allowed the SOL buyers to reclaim 200 days, accentuating the prevailing bullish trend.
POPCAT, a Solana meme coin, has reached a new all-time high (ATH) following a significant rally. The coin surged by 109% over the past month, crossing the crucial $1.00 resistance barrier and reaching $1.29.
Most of the coins remain in the green zone today, according to CoinStats.
Ripple-affiliated cryptocurrency XRP has become the top-trending digital asset recently due to key factors that have sparked heated discussions. Increased crowd chatter could be a sign of a forthcoming retail investor frenzy.
XRP price has gained notable traction lately, especially amid the ongoing legal developments in the crypto space. Notably, the US SEC has officially filed an appeal in the Ripple SEC case, which has sparked discussions in the broader crypto market.
Story Highlights The live price of POPCAT crypto is . The Popcat (SOL) price is expected to reach a high of $1.24 in 2024. With a potential surge, the price may achieve a top of $6.01 by 2030. Popcat (SOL) is a Solana-based memecoin that features a short-haired domestic cat named “Oatmeal”.
As the blockchain ecosystem expands, Solana aims to stay ahead of increasing demand through technical innovation and proactive problem-solving. Solana's ability to handle more transactions than all other blockchains combined demonstrates its live operational capabilities.
Ripple's native token, XRP, finds itself under pressure. Recent data reveals a troubling trend for XRP holders, especially with a notable increase in reserves on Binance, one of the largest cryptocurrency exchanges in the world.
The court acknowledged the United States Securities and Exchange Commission's (SEC) appeal against some aspects of Judge Analisa Torres's July 13, 2023, ruling in favor of Ripple. It was docketed Oct. 4 on the U.S. Court of Appeals for the Second Circuit PACER docketing system.
Ripple (XRP) has been grappling with a persistent downtrend, recently finding mild support at $0.5250. Despite the slight recovery, XRP price has lost 24% over the past week, plunging from $0.67 to a low of $0.51
The cryptocurrency market is no stranger to volatility, but recent predictions by seasoned trader Peter Brandt have stirred significant concern within the XRP community. Brandt, known for his expertise in commodities and forex trading, recently shared a dire forecast regarding the future price of XRP, suggesting it could plummet to as low as $0.034.
In the last 24 hours, Solv Protocol, a leading Bitcoin staking platform, with a 24-hour protocol fee of $1.48m, has emerged as the sixth largest among the protocols. Interestingly, Solana, with $1.24m in fees, and Uniswap, with $1.15m in fees, have been pushed down to eighth and ninth positions, respectively.
The XRP lawsuit has taken an interesting turn with the US Securities and Exchange Commission (SEC) officially filing an appeal, bringing Ripple CEO Brad Garlinghouse and co-founder Chris Larsen back into focus. This move has sparked debate in the crypto community, particularly regarding the SEC's motives in revisiting previously dismissed claims.
XRP has dropped by nearly 15% so far in October, with the losses primarily driven by the US SEC's appeal in the Ripple lawsuit. While some analysts see XRP's drop as a buying opportunity, some analysts assert that an XRP rally is never going to happen.
What's going on with Solana lately and can it change soon?
The rising tensions amidst the legal conflict between Ripple and the U.S. Securities and Exchange Commission (SEC), has led to XRP holders running a petition on social media platforms like X. The petition carrying the tag “Stop the SEC's Unnecessary and Frivolous Appeal in the Ripple v. SEC Case” has received nearly 5000 signatures.
Just after the SEC filed an appeal, Ripple's CLO Stuart Alderoty revealed that Ripple is ready to prove yet again in the appellate court that the lawsuit against Ripple has been irrational and misguided from the start.
The U.S. Securities and Exchange Commission (SEC) has kept the crypto community in suspense as it has yet to disclose the exact reason behind its appeal in the Ripple case. While Ripple secured a significant victory in July 2023 when the judge ruled that XRP's secondary sales do not qualify the token as a security, the SEC has now filed an appeal, leaving many speculating about its next move.
The leading asset management firm Bitwise took a significant step towards launching an XRP ETF as it filed a registration for a Delaware statutory trust on September 30. The move incited excitement in the crypto community, which has been eagerly awaiting the possibility of the ETF in the US market.
The U.S. Securities and Exchange Commission made a statement on Wednesday about its appeal of the court ruling that restricted its ability to regulate the cryptocurrency market. Ripple executives have expressed their disappointment over the decision terming it as ‘misguided' and ‘infuriating' but not a surprise.
The XRP lawsuit has taken a new turn recently, which has sparked discussions in the broader crypto community. In a recent X post, renowned lawyer James K.
SOL may be nearing a potential breakout, with whale activity and key resistance levels in focus.
Vocal Bitcoin maximalist and a former financial journalist Max Keiser has mocked XRP holders in a recent tweet, saying that the chances of their favourite cryptocurrency starting to rally are equal to zero.
XRP could see a 4,000% rally in the next bull market cycle, according to a fractal pattern reminiscent of its 2017 price surge.
The Solana chain has experienced a strong bullish recovery over the past few days. Moreover, some projects have recorded a three-digit surge over the past month. This indicates a resurfacing of investor's interest in this blockchain.
The XRP price experienced a notable recovery last week, reaching a seven-month high of $0.665 last Sunday. This surge was primarily driven by a broader market rally and bolstered by excitement surrounding crypto asset manager Bitwise's filing for an XRP exchange-traded fund (ETF) earlier this week.
The overall crypto market is recovering, and amid this, Solana (SOL) is poised for a massive upside rally as its daily chart has formed a bullish price action pattern.
In this market reversal, XRP whales are taking advantage of the recent price decline as they add millions of tokens to their wallet. On October 4, 2024, the blockchain-based transactions tracker Whale Alert made a post on X (previously Twitter) that whales have withdrawn a massive 58.9 million XRP tokens, worth $30.
The XRP price crash has witnessed a massive fall of at least 9.9% this week. On September 30, the price was nearly $0.6412. In just under four days, it slipped to a low of $0.5118.
Edo Farina, CEO of Alpha Lions Academy, a strong voice in the XRP community, recently shared his views on the Ripple vs SEC lawsuit, describing it as more than just a legal battle. According to him, it's a tool being used to manipulate XRP's price and play with the emotions of its holders.
XRP has fallen by more than 15% and is now at $0.51! Several factors could drive the cryptocurrency to collapse further.
Cryptocurrency News Today: The crypto space has risen positively over the previous day, the upward momentum has resulted in a 1.64% increase in market cap to $2.16 Trillion. While the intraday trading volume saw an 18.35% drop with numbers at $66.
Ethereum vs Solana has long been a rivalry that has caught the attention of the crypto-community.
XRP recovers 2.3%, reflecting broader crypto market gains; SEC appeal news may impact price outlook.
XRP's price has experienced significant volatility, recently dropping by 23.7% amid geopolitical tensions and Ripple's ongoing legal battle with the SEC. The altcoin attempts to bounce back after hitting a low of $0.506. Key support at the $0.
Popular attorney chips in on the odds of the SEC winning its appeal against Ripple Labs.
Solana wasn't spared the hammering of early October. As of October 4, there are pockets of strength, but the downtrend remains.
Anatoly Yakovenko, the co-founder and CEO of Solana, has openly criticized the Biden administration for its shortcomings in job creation, particularly in the tech and cryptocurrency sectors. In light of recent regulatory challenges faced by Solana and other crypto companies, Yakovenko argues that U.S. policies are pushing valuable job opportunities overseas, ultimately hindering innovation and economic growth.
The battle between the SEC and Ripple does not seem to end in the near future as the appeal by the commission against court order dated August 7 has been docketed. This move has started another round in this conflict.
The Bitcoin price is fighting hard with the growing bearish influence as it reclaims the levels above $61,000. With the growing hope of a bullish rebound, the altcoins have gained some strength and interestingly, the tokens without much volatility are expected to trigger a fine rise soon.
XRP whales and institutions continue to offload their holdings to cryptocurrency exchanges, indicating a potential price decline.
An experienced market analyst, Bobby A has taken to X to share his take regarding the SEC's decision to appeal. While the entire community is worried that the SEC's appeal notice might affect XRP negatively, this market expert has shared another perspective in the X post.