📈 Is Bitcoin growth coming? Trader Moustache notes that th

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🐶 Dogecoin price may rise The market is seeing a surge in bullish sentiment towards DOGE from investors. Open interest in the coin increased by almost $200 million in 2 days. 💬 Open interest is the total number of outstanding contracts for various derivatives such as options and futures. The rally could begin soon as, despite the recent recovery, DOGE still has significant room to grow. 💰 Of the total circulating supply of DOGE, only 83% is in profit. $DOGE #DOGE

🔽 SEC Dump Ethereum Ethereum's 4% drop eliminated $237 million Long positions. This comes after Grayscale's decision on May 7 to withdraw its application for the Ethereum futures ETF, just three weeks before the SEC will make a decision. There are also rumors now that ETH may be classified as a security. 📊 According to crypto forecasting platform Polymarket, 92% of participants believe that Ethereum spot ETFs will be rejected. $ETH #ETH #ETF

⭐️ Polkadot To Sponsor Messi’s Inter Miami: DOT To The Moon? ⚽️ Polkadot To Sponsor Inter Miami The proposal, approved by Polkadot’s Open Gov community, sought 968,000 DOT (roughly $6.5 million) to secure the sponsorship. Under the “sports sponsorship fund,” the goal was to partner with Inter Miami, a team described as one of the “world’s most engaging and followed sports teams.” While the goal is to “elevate” Polkadot’s global brand visibility, the plan is to develop other deeper integration, leveraging Inter Miami’s global fanbase. For instance, the team plans to enhance user experience through engaging non-fungible tokens (NFTs) and other gamified experiences deployed on Polkadot’s parachains. Additionally, the team plans to explore how Polkadot-based solutions can be implemented at Inter Miami, resulting in greater efficiency and improved fan engagement initiatives. While the potential deal’s specifics are confidential, the proposal emphasizes transparency. Accordingly, funds will be held in a multi-signature wallet, accessible only with community approval. Moreover, ORSEN SA, a Swiss sports marketing agency, will manage the partnership rights. 🔺 Polkadot’s Plans to Scale As Polkadot enhances its global visibility, developers are also working on activating a key update: “Asynchronous Backing.” Last year, Sophia Gold, the Engineering Lead at Parity Technologies, said the technology would be a game changer. Asynchronous Backing will allow Polkadot to scale the number of Parachains from 100 to 1,000 by the end of the year. The network will boost its transaction processing capacity, with Polkadot supporting more “independent blockchains” via Parachains. Though Polkadot continues to enhance its network and strike more deals, DOT prices remain under pressure. At spot rates, DOT is down 40% from 2024 highs. While CoinMarketCap data shows that the coin has risen 14% in the last week, the failure of bulls to break above $7.5 is a concern. $DOT #DOT #Polkadot #Messi

📣 Ripple vs SEC Final Judgement Soon : SEC Files Redacted Remedies Reply Brief The Securities and Exchange Commission (SEC) has submitted its redacted remedies reply brief along with supporting exhibits, setting the stage for a potentially landmark ruling. As the legal battle heats up, all eyes are on the impending final judgment that could reshape things for Ripple and similar entities in the cryptocurrency sector. 🔺 Ripple’s Legal Woes: A Closer Look The core of the SEC’s argument hinges on whether Ripple’s past actions are likely to recur. Citing previous court decisions, the SEC underscores the ongoing risk posed by Ripple’s business operations, which continue to involve unregistered sales of its XRP token. Since 2013, Ripple’s primary business has revolved around these sales, and the company has plans to issue a new unregistered crypto asset, which further complicates its legal standing. Ripple’s history of major unregistered dealings, including its Over-the-Counter (OTC) Institutional Sales up to 2020, has been clearly documented in court filings. Despite no new violations post-2020, the nature of Ripple’s activities makes future infractions a distinct possibility, warranting the need for an injunction to prevent recurrence. 🔺 Debating the Merits of an Injunction The SEC’s filing meticulously addresses Ripple’s counterarguments. Ripple claims it has not acted recklessly and cites the “widespread uncertainty” about the legal status of XRP as a defense. However, the court has previously dismissed this “fair notice” defense, and similar defenses have failed in other related cases against firms like Coinbase. Ripple also attempted to downplay its liability by highlighting its voluntary cooperation with the SEC since 2013. Nevertheless, the SEC argues that such cooperation does not negate the need for injunctive relief, as past behavior, including defiance of legal advice against selling XRP as an investment, indicates a pattern of disregard for regulatory compliance. $XRP #XRP #SEC

🐳 Are the whales ready to crash the market again? While traders are drawing charts and trying to guess where BTC will go, big players have already decided everything for them ! 🧾 This is why you need to follow the “TopCryptoNews” channel . The author of which analyzes the actions of whales around the clock and warns about any activity in advance ! $BTC #BTC #Market

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