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Binance X 😂: Run binance from your toaster next. Jk... but imagine.
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Surprising objection from SEC: They accepted the XRP decision During the discussions of whether the SEC missed the objection period, a last minute move came from the institution last night. The SEC stated that the court requested a change regarding the "summary decision" made last year. In the petition, it drew attention that there was no objection to the decision that the sale of XRP to small investors was not a security. The US Securities and Exchange Commission (SEC), TSI, submitted its official objection to the Ripple and XRP decision of judge Analisa Torres last night. However, the objection, also known as the C File, did not include the sale of XRP to a small investor in the stock exchanges. It was considered a victory As it will be remembered, Judge Torres stated in his decision in July last year that the sales of XRP to small investors in the stock exchanges did not enter the status of securities, but the similar sales to institutional companies fell into this status. The decision was perceived as "Ripple's victory" in the crypto world. “The decision was officially recognized” It was considered certain that the SEC would object to the small investor's XRP decision, which was sold on exchanges, but this did not happen. Ripple legal counsel Stuart Alderoty tweeted, “There are no surprises. The court's decision that 'XRP is not a security' was objected to. Thus, the decision was officially recognized. Wait for our objection," he said. So what and which decisions did the SEC object to? According to the petition; It is claimed that Ripple's company sales on the stock exchanges and the personal sales of managers Brad Garlinghouse and Chris Larsen are securities. In the objection petition, it is stated that the court's decision in the opposite direction should be changed. The company was fined $125 million for Ripple's decision to violate securities laws.
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ApeChain opened, meme coin influx started: APE price doubled ApeChain, which is eagerly awaited after the testnet in July, has officially opened. With the opening of the network, the meme coin influx began. APE price has also doubled since yesterday. After ApeChain's launch in the test network in July, the waiting period has come to an end. ApeCoin announced the official opening of ApeChain. The statement stated that the hyperlinks are now available and users can move their APE, ETH or stablecoins to ApeChain to generate returns. In addition, it was informed that the core user incentive program, which is expected to provide users with more earning opportunities, will also be broadcast today. Meme coin influx to ApeChain With the opening of ApeChain, the meme coin race on the network began. While many meme coins were released from the first minutes, some of them reached a market value of millions of dollars in a short time. A token creation platform called ApeExpress, similar to pump.fun in the Solana network, has also been launched. CURTIS took the lead among meme coins. CURTIS, which reached a market value of approximately 16 million dollars, was followed by CIF with 5.3 million dollars and DOOKEY with 3.5 million dollars. APE price increased by 100 percent The opening of ApeChain had a great impact on the ApeCoin (APE) price. APE rose from $0.73 to $1.42 to close to 100 percent in hours.
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2016 and 2020 benchmarks for Bitcoin: "It is progressing very similarly" In its latest report, blockchain analysis company CryptoQuant compared the current era of Bitcoin to 2016 and 2020. Will Bitcoin, which has achieved a strong bullish momentum this week, be able to bring its continuation? This is the question in the minds of investors. According to blockchain analysis company CryptoQuant, this probability is high. Emphasizing that Bitcoin generally performed well in the fourth quarters of the halving years, the company suggested that the current situation is similar to 2016 and 2020. In the report on the subject, the following statements were included: “It should be noted that Bitcoin is in a period of positive seasonal performance. Bitcoin performs well, especially in the fourth quarters of the halving years. In the halving years in 2012, 2016 and 2020, the price increased by 9, 59 percent and 171 percent, respectively. Bitcoin has performed very similarly in the fourth quarter of 2024 so far to 2016 and 2020.” Comparison of the Bitcoin chart in 2016 and 2020 with 2024 The report also underlined that the demand for Bitcoin, which has been stagnant since May, has revived. "Bitcoin demand reached its highest level since the end of April, with a monthly increase of 177 thousand BTC last week," the company says. According to CryptoQuant, spot Bitcoin ETF purchases support the increase in demand. Another data that CryptoQuant draws attention to is that large investors continue to accumulate Bitcoin. In the report, "The total balance of Bitcoin whales continued to increase year-on-year and reached 670 thousand BTC. Moreover, the growth of the assets they hold is above the 365-day moving average, which is a good sign for the prices.”
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NEW: Michael Saylor suggests that companies like Apple may add #Bitcoin to their balance sheet, but that Microstrategy would remain unique in that its Bitcoin holdings represent an outsized percentage of its valuation. Saylor made these comments on “Markets with Madison.”
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Digital currency message from Putin before the BRICS summit Russian President Vladimir Putin said at the press conference he held today that they will propose the use of digital currencies in the investment processes for the BRICS. Russia will invite BRICS countries to use digital currencies in their investment processes. The statement came from President Vladimir Putin. According to the news of TASS, Putin said at the press conference he held before the BRICS summit, which will start on October 22, "I will not go into details, but we want to present a very important issue to the members of the BRICS at the moment. This issue is related to the use of digital currencies in investment processes," he said. “We can create an instrument that will coincide with the interests of the BRICS member countries, but also for other developing economies, and in practice will not be inflationary,” Putin said. Putin said that consultations on the issue are still ongoing: “We are currently in consultations with our Chinese and Indian friends, we have just met with Brazilians. We will definitely talk to South Africa. We will do this with everyone. We are moving forward slowly.” Russian Deputy Finance Minister Sergei Ryabkov announced that he was discussing the possibility of paying BRICS with fixed coins. Putin also said in a statement at the end of September that the BRICS is working on an independent payment system to be used in international trade. Finally, Putin said at today's press conference, "Our door is open to new members." As it is known, Turkey also announced that it was willing to participate in BRICS. The Union consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates.
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