Ripple’s CEO has intensified criticism of the U.S. Securities and Exchange Commission (SEC), accusing the agency of ignoring a court ruling that XRP is not a security and overstepping its legal bounds. His remarks came after Bitnomial Exchange filed a lawsuit against the SEC, disputing the regulator’s authority over XRP futures. The case adds to rising tensions between crypto firms and the SEC over perceived regulatory overreach.

Ripple CEO Accuses SEC of Overreach Amid Lawsuit Over XRP Futures
Ripple CEO Brad Garlinghouse has continued to strongly oppose the U.S. Securities and Exchange Commission (SEC), particularly regarding its ongoing legal actions concerning XRP and the appeal tied to Ripple’s case.

His latest reaction followed a lawsuit filed by crypto derivatives platform Bitnomial against the SEC concerning XRP futures. Bitnomial stated: “Bitnomial Exchange LLC has filed suit against SEC to prevent them overreaching their statutory authority and asserting joint jurisdiction over Bitnomial’s XRP futures contracts, which are under the sole jurisdiction of the CFTC.” Responding to this statement on social media platform X, Garlinghouse expressed his frustration on Friday.
A new low for a renegade agency many thought couldn’t sink further. The SEC now believes it can operate above the law, ignoring a court’s ruling that XRP isn’t a security.

“Team Ripple will be watching closely and weighing our own options to hold the SEC accountable,” the Ripple chief executive added.

Bitnomial’s legal challenge to the SEC centers on the agency’s claim of shared oversight over XRP futures. The exchange asserts that the regulation of these contracts should belong solely to the Commodity Futures Trading Commission (CFTC).

Arguing that XRP futures are not securities, Bitnomial accuses the SEC of exceeding its legal authority. This case underscores rising tensions between the SEC and cryptocurrency businesses, many of which argue that the agency’s actions hamper innovation and overreach its statutory mandate. Garlinghouse, in alignment with Bitnomial’s position, reiterated his concerns about what he views as the SEC’s consistent overstepping of its powers.
Ripple has faced its own legal challenges from the SEC since December 2020, when the agency sued the crypto firm for allegedly conducting an unregistered securities offering by selling $1.3 billion in XRP. Ripple has maintained that XRP is not a security. In July 2023, Ripple won a partial victory when District Judge Analisa Torres ruled that programmatic sales of XRP on public exchanges did not constitute securities. However, she also ruled that direct sales to institutional investors could be considered securities.

The SEC filed a formal notice of appeal against Judge Torres’ ruling earlier this month, prompting Ripple to file a cross-appeal. These legal disputes reflect broader clashes between the SEC and the crypto industry over regulatory authority. Ripple’s legal counsel, led by Chief Legal Officer Stuart Alderoty, has also raised concerns over the SEC’s actions, suggesting they may challenge constitutional boundaries regarding the scope of the agency’s powers.
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Bitcoin Rides Momentum: Uptober's Bullish Effect in Full Swing
Bitcoin ($BTC) kicked off the new week with strength, signaling increased bullish momentum fueled by the seasonal "Uptober" trend. After several days of consolidation, BTC has gained fresh momentum following a favorable weekly close. During overnight trading, Bitcoin tested the critical resistance level of $64,500 but subsequently pulled back to around $63,800. While the resistance wasn’t cleared on the first attempt, Bitcoin—the market leader—continues to project optimism, reassuring investors with its upward trajectory.
At the time of writing, Bitcoin is trading near $63,867. However, if the price fails to sustain the key support zone at $60,000, it may slide towards $56,602, with further downside levels at $52,614 and $50,580. Global developments, particularly the ongoing geopolitical tensions between Israel and Iran, could influence market sentiment. Heightened instability in the Middle East may trigger increased selling pressure across the cryptocurrency market. If Bitcoin drops below the crucial support at $52,614, short-term dips toward the $40,000–$42,000 range are possible.
On the flip side, if geopolitical tensions ease and the upcoming U.S. presidential election provides a favorable macro backdrop, Bitcoin could make another attempt to reclaim higher levels. A sustained close above $63,000 would open the door for potential rallies toward $64,758, $67,091, and eventually $70,500. The $70,500 level, in particular, will be pivotal; a consistent close above this mark would reinforce the bullish narrative, setting Bitcoin on track for a stronger bull run with $73,684 as the next major target.
Altcoins remain closely tied to Bitcoin’s movements. For the broader altcoin market to gain traction, Ethereum’s (ETH) performance will be a key factor, along with Bitcoin’s dominance in the market. If ETH maintains support above $2,500 or Bitcoin dominance falls below 50%, a potential altcoin rally may begin, signaling a bullish turn across the crypto space.
Bitcoin's journey through the remainder of the year remains highly sensitive to both global events and market catalysts, making this a critical period for traders and investors alike. Keep a close eye on weekly closes and macro developments—either could dictate the next major move.

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The excitement around Blum’s upcoming airdrop and its rapidly growing user base, which has surged to 80 million, shows strong community interest. However, with no official announcement on the airdrop yet, there is some concern about potential delays. Blum could face challenges similar to Hamster Kombat, which lost a significant portion of its user base due to airdrop delays.

The long-term potential for BLUM tokens remains promising, with price predictions for 2024 ranging between $0.010 and $0.05, depending on market conditions. The token’s capped supply of 10 billion adds a scarcity factor, which could drive up the price in the future. However, with no confirmed listing price yet, the market reaction will likely depend heavily on the timing and execution of the airdrop and listing announcements.

What are your thoughts on Blum’s future? Feel free to share your predictio
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The DeFi world is buzzing with anticipation as $TOMATO gears up for a major event on October 31. Whether you’re a seasoned trader or a long-term believer, this event could unlock massive earning potential. Here’s why $TOMATO might be the next big thing, and how you can make the most of this exciting moment!
Airdrop Aftermath: What’s in It for You?
In September, the release of 350 billion $TOMATO tokens sent shockwaves through the market, injecting a fresh wave of liquidity. This flood of new tokens created unprecedented trading activity, setting the stage for massive volatility and new profit opportunities. While some early holders may cash in, the surge in liquidity could keep the market buzzing, offering savvy traders the chance to ride the waves and profit from market swings.
October 31: The Perfect Time to Seize Opportunities
With potential exchange listings on the horizon, October 31 is set to be a critical day for $TOMATO. An influx of demand could follow, driving the token’s price higher as it becomes easier to trade across platforms. More listings could mean more exposure, and high liquidity ensures fast trades, setting the stage for lucrative opportunities for both new traders and long-term holders. 📈
Real Value, Not Just Hype
While meme tokens often ride waves of speculation, $TOMATO stands out with real utility in the Tomarket ecosystem. Holders aren’t just in it for short-term gains—they can also earn staking rewards and participate in governance decisions, shaping the future of the project. With staking, you earn while holding, which is a win-win! $TOMATO isn’t just another meme coin; it’s evolving into a DeFi powerhouse with real value. 💼
Key Market Signals to Watch
To make the most of October 31, keep a close eye on key technical indicators like RSI and moving averages. If $TOMATO holds its support levels, we could see a sustained rally. But even if it dips, that could be an opportunity for a strategic entry point, giving patient investors a chance to capitalize on a rebound.
Navigating Volatility Like a Pro
After any major airdrop, short-term volatility is inevitable. Some holders will take quick profits, causing temporary price dips. However, once the dust settles, the market could stabilize, paving the way for a smoother ride for those who stick around. Savvy investors know that volatility creates opportunity—and $TOMATO could deliver just that.
October 31: A Gateway to Bigger Gains
This isn’t just the end of the airdrop phase—it’s the start of something bigger. With the right momentum, new listings, and increased adoption, $TOMATO could grow into a significant player in the DeFi space. Its growing utility and the strength of its community could drive sustained interest and long-term growth well beyond this date. 🚀
Should You Buy, Stake, or Hold?
The choice is yours—October 31 offers several ways to profit:
Trade: Take advantage of short-term volatility for quick wins.
Stake: Lock in your tokens and earn staking rewards while supporting the ecosystem.
Hold: Bet on long-term growth as the project evolves.
No matter your strategy, the key is to stay ahead of the curve and capitalize on the opportunities presented by this major event. With the right moves, $TOMATO could become a valuable addition to your portfolio.
October 31 isn’t just another day—it’s your golden opportunity to make the most of what $TOMATO has to offer. Whether you’re chasing short-term gains or aiming for long-term rewards, the time to act is now. Don’t miss out!
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