🚨SEC vs. Ripple Case: Programmatic Sales Ruling Sparks Debate
On Sunday, December 29, the SEC v Ripple case reignited debate about the court rulings. Pro-crypto lawyer Bill Morgan reacted to Fox Business Senior Correspondent Charles Gasparino’s criticism of Judge Analisa Torres’ ruling in the case.
Gasparino called the Ripple case unnecessary but questioned the Summary Judgment, claiming the Judge set a precedent for lower disclosure standards for retail investors. Morgan highlighted that the Judge ruled on the evidence, noting that the SEC’s evidence was weak regarding the expectation of profit prong of the Howey Test. He also underscored the significance of Amicus Curiae attorney John E. Deaton’s evidence that ‘retail buyers didn’t expect profits from Ripple’s efforts or even know about Ripple.’
Gasparino criticized what he considered contradictions in Judge Torres’ interpretation of securities law. He argued that Ripple’s private institutional offerings (which require minimal disclosures) violated securities laws, while public sales (which typically require full disclosures) were deemed not to be securities transactions.
SEC Appeal Filing Looms Leaving XRP Investors on Edge
The ongoing debate underscores the case’s complexities. The SEC could address perceived evidentiary shortcomings in its appeal-related opening brief.
The SEC must file its opening brief by the January 15 deadline and will give investors an understanding of whether the agency has sufficient evidence to overturn the rulings.
For XRP investors, the Programmatic Sales of XRP ruling is significant. In July 2023, Judge Analisa Torres ruled that programmatic sales of XRP did not satisfy the third prong of the Howey Test.
If the SEC successfully appeals, XRP may fall under its regulatory purview. This would likely lead to US crypto exchanges delisting XRP to avoid violating US securities laws. Demand for XRP would likely materially weaken in such a scenario.
🚨Analyst Predicts 471% Surge for XLM in Bullish Market🚀
Stellar (XLM) has recently gained traction among cryptocurrency enthusiasts, owing to both price activity and continuing project advancements.
Popular crypto analyst Javon Marks makes a noteworthy analysis based on Fibonacci Extension levels and past performance during a complete bullish market: Stellar has promise. Marks estimates XLM might rise to $2.12, a stunning 471% rise.
Under an even more hopeful future, he speculates that XLM might reach $8, therefore redefining the benchmark for the asset.
Stellar: Recent Market Performance and Strategic Advances
Stellar has advanced its project development and strategic alliances significantly. The Stellar Development Foundation said on October 15, 2024, that Mastercard would be joining Mastercard Crypto Credential into the Stellar network via a cooperation.
Apart from its recent cooperation with Mastercard, Stellar has a history of significant alliances. Especially, Stellar’s usability has been much enhanced by its partnership with MoneyGram International, originally reported in October 2021 and operational by June 2022.
Using Stellar’s blockchain technology and USD Coin (USDC) for real-time settlement, this alliance helps MoneyGram consumers all over conduct transactions more quickly.
Further reinforcing its ecosystem, Stellar debuted “Soroban” earlier this year—a smart contract tool meant to improve the functionality of the network. Soroban marks a turning point toward extending Stellar’s ecosystem into decentralized finance (DeFi) by letting developers create decentralized apps (dApps) on the Stellar network.
📢Here’s What 1,000 $XRP XRP Will Be Worth in 2025 Price Prediction🚨
Leveraging historical data and current trends, Rietveld offered his price target for XRP. He explained why investors should consider buying now to secure substantial profits in the near future.
📈XRP Trend Has Improved
Rietveld noted that XRP exceeded his initial predictions, surpassing market expectations. This referred to XRP’s performance in November when its price expanded by around 5X to nearly $3. Now, Rietveld feels confident about the XRP’s trajectory moving into 2025.
Why 1,000 XRP? ❓
Meanwhile, Rietveld addressed why he chose 1,000 XRP as a benchmark for his price predictions. According to him, 1,000 XRP makes the math easier and is a realistic goal for many investors.
He also noted that the majority of XRP holders currently own fewer than 1,000 coins. However, Rietveld encourages his followers to aim for higher amounts, such as 10,000 to 25,000 XRP, to maximize potential returns.
📍Rietveld predicts that XRP could achieve 20% market dominance by 2025, which would result in a 6X increase in its current price of $2.31. In this scenario, XRP could reach a price of $20 per coin, he added.
📍Notably, 1,000 XRP today, which costs $2,310 today, would be worth $20,000 in this case.
Meanwhile, Rietveld also pointed out that in an extremely bullish case, XRP could surge even higher, reaching a price of $70 per coin. Here, the value of 1,000 XRP would be $70,000.
🎯Conservative Estimate for XRP
While Rietveld remains optimistic about XRP’s potential, he provided a more conservative estimate for the coin’s 2025 price. Assuming XRP captures 10-15% of the crypto market and the total market cap reaches around $12 trillion, Rietveld’s target price for XRP is around $20 to $23 per coin.
BIO Key Points And Price Prediction. BIO on Binance Launchpool
📈BIO Launchpool Campaign
Binance has introduced BIO Protocol ($BIO) as its latest project on Binance Launchpool. Users can stake BNB or FDUSD to earn BIO tokens until January 2, 2024, with rewards distributed based on the size of their stake relative to the total pool. Key details include:
Rewards Distribution:
🔺3% of BIO’s total supply (99.6M tokens) will be distributed 🔺BNB stakers receive 85%. 🔺FDUSD stakers receive 15%.
Staked tokens can be withdrawn anytime without losing rewards.
BIO Protocol will also list on Binance on January 3, 2024.
💲Price Predictions
Estimated Prices (with constant circulating supply): $0.2 at $250 market cap. $0.4 at $500M market cap. $0.8 at $1B market cap.
📍What is BIO Protocol?
BIO Protocol is a decentralized science (DeSci) platform focused on advancing biotechnology. It empowers communities of patients, scientists, and biotech experts to collectively fund and develop tokenized biotech projects and intellectual property.
Built by the creators of Molecule and VitaDAO, BIO Protocol aims to drive innovation in biomedicine through decentralized funding and liquidity mechanisms, providing BIO token holders access to a global network of scientific communities and intellectual property.
🚀Analyst Predicts XRP Price To Reach $27, Here’s Why $XRP Will Reach $27 🚀💰
Crypto analyst Egrag Crypto has predicted that the XRP price could reach $27 by next year, providing a bullish outlook for the coin.
Crypto analyst Egrag Crypto has predicted that the XRP price could rally to as high as $27 in this market cycle. The analyst also provided insights into why XRP could reach such an ambitious price target.
First, the crypto analyst mentioned when XRP crossed the 21 Exponential Moving Average (EMA) in the 2-week time frame, a move which led to the cycle top in 2017 following an explosive rally of 50,000%.
In applying a similar measurement to the current price action, an XRP crossover of the 21 EMA to $27 represents a price gain of 4,770%. Such a price rally would represent only 9.54% of the 50,000% surge recorded back in 2017.
Egrag Crypto is confident that XRP can reach this price target since it witnessed a more explosive move back in 2017. This isn’t the first time the crypto analyst has raised the possibility of XRP reaching such heights based on historical trends.
Such a price surge could also happen if the incoming SEC Chair Paul Atkins drops the Commission’s case against Ripple. The Ripple has undoubtedly had a negative impact on the coin’s price. What To Expect In The Short-Term In another X post, Egrag Crypto also discussed what to expect from the XRP price in the short term. The analyst stated that everything is just noise until one of these two things happens for XRP.
First, he highlighted $2 as one of the key levels to watch. The analyst remarked that a confirmed break below that target would send the crypto toward the lower targets.
On the other hand, the analyst stated that a break above $2.65 would cause the fireworks to “ignite.” Simply put, a break above this level would lead to a bullish continuation.
The cryptocurrency market is showing signs of renewal and change as certain coins continue to show potential for a possible spike and surge next year. As 2025 approaches hard and fast, here are the three crypto coins that may surge 2x by mid-January 2025.
Top 3 Cryptocurrency Coins To Keep An Eye On In 2025
1. Pepe (PEPE)
Pepe is one of the noteworthy cryptocurrency meme coins that are in the queue to surge and hit a new high mark next year. The token is presently sitting at $ 0.00001750 up 1163% in the last one year. Pepe has lately been documenting immense traction as it continues to spike high on the radar.
2. DogWifHat (WIF)
DogWifHat (WIF) is another meme token that has taken the internet by storm. The token is currently an investor favorite with cryptocurrency portals busy with ambitious forecasts about the token’s future price trajectory. The technical markers are also indicative of WIF’s future price surge, which may soon rise to hit $6.
3. Bonk (BONK)
Another Solana-based meme coin, Bonk has shown incredible momentum soon after its launch in the year 2022. The token is up 28823% since its launch and has been showing strong signs of progress ever since. Per Coincodex, BONK may surge to hit a new price mark of $0.000107 by January 2025.
The crypto market continues to heat up with Ethereum’s ETFs grabbing attention and driving institutional interest, BNB expanding its use cases within the Binance ecosystem, and Stellar’s surging adoption in cross-border payments.
🚀 Ethereum Forecast: What’s Ahead for This Top Crypto Ethereum remains a cornerstone of blockchain innovation, bolstered by recent ETF approvals that signal growing institutional interest. Trading at $3,490.62, its scalability efforts continue with the "Pectra" upgrade, aiming to reduce fees and improve performance. Validators are also signaling support for increasing gas limits, further boosting efficiency.
🚀 BNB Price and Utility Keep It Among Top Cryptos BNB, currently trading at $705.59, remains a central player in the Binance ecosystem. Its integration offers reduced trading fees and staking opportunities, solidifying its utility. Recent reports show an average of 4.7 million daily users, reflecting its growing adoption.
🚀 Stellar Shines with Growing Adoption Stellar (XLM), trading at $0.39, is experiencing a surge in adoption, especially in cross-border payments, thanks to its collaboration with MoneyGram. Over the past month, XLM has risen by 450%, hitting levels last seen in 2021. Stellar’s real-world utility continues to strengthen, with partnerships driving its role in financial inclusion.
🚀 Hedera Price Gains Momentum as Adoption Grows Hedera (HBAR), trading at $0.3166, has surged by over 200% in the past month, driven by strategic partnerships like its aerospace collaboration with SpaceX. Its Hashgraph technology continues to attract attention for its speed and security. The proposed HBAR ETF is another development fueling institutional interest.
🪙Bitcoin: Binance Reserves At An All-time Low, A Sign For The Next Bull Run?
Bitcoin reserves on Binance have recently fallen below the threshold of 570,000 BTC, an unprecedented level since January as it broke all records in November. This observation has not escaped analysts, like Darkfost from CryptoQuant.
In fact, this scenario already occurred last January, just before a 90% bitcoin rally two months later.
The numbers speak for themselves:
🔺Current reserves: less than 570,000 BTC, compared to 586,000 in November;
🔺January 2024: a similar level before an explosion to $73,679;
🔺December 2024: a record peak at $108,300, before a retreat below $100,000.
These movements reflect increased investor confidence in the long-term potential of bitcoin, which is leaving the platforms to join cold wallets. So, is a new bullish episode in sight? If history repeats itself, BTC could well reach unprecedented highs in the coming months.
While investors shift their assets, crypto traders remain divided. The dominance of bitcoin hovers around 58.4 %, failing to surpass the symbolic threshold of 60 %. This ceiling seems to herald a possible diversification into other digital assets. But for some experts, this inertia is short-lived.
Ryan Lee, an analyst at Bitget Research, anticipates a recovery in activity after the holidays, with BTC oscillating between $94,000 and $105,000 this week. He notes that the usual illiquidity of markets during festive periods is merely a temporary hurdle.
Others predict that the 60% mark could ultimately reignite bitcoin’s attractiveness and energize the entire crypto sector.
In summary, between traders on high alert and confident investors, BTC continues to ride the roller coaster, while reinforcing its position as an essential asset.
📉XRP Rival XLM Price Could Be on Verge of Biggest Crash Since 2021 If Bollinger Bands Pattern Is Validated 📉
Both Stellar and XRP have always been seen as challengers in the cross-border payments space. They have similar roots; Stellar was cofounded by Jed McCaleb, who also founded Ripple. They are often competing for a share of the blockchain payments ecosystem, and as a result, XLM has been acting like a beta version of XRP in terms of price action.
According to Bollinger Bands, after a big surge in the last few weeks, the price of XRP hit a ceiling at the upper band, and now it is more likely to drop back to the median.
For XLM, it is a similar story. The upper band high was reached and even broken at $0.6374, while the median, represented by the 20-day moving average, is stretching at $0.21. A similar thing happened in 2021. Back then, the price of XLM reached a high at $0.797 and then dropped by 48.73% in just one week.
The Stellar token has already seen a 40% drop over the last three weeks, and its price is now at $0.386. Could we be heading for another 45% dip? If we look at what happened in 2021, the answer is maybe. But nothing is set in stone, and the price performance of XLM will still very much rely on broader market tendencies and not historical experience.
The digital gaming industry is rapidly evolving and has now turned into a leading source of revenue for the sector. With this, gaming tokens have now turned into a huge investment opportunity, as increased adoption could lead to value appreciation.
This post covers the top 10 Gaming tokens that can potentially bag massive gains in 2025.
1. ImmutableX ($IMX ) Claimed as the first Layer-2 scaling solution for the NFTs built on the Ethereum ecosystem, ImmutableX focuses on increasing efficiency, user experience, liquidity, and scalability.
2. Altura ($ALU) Built on the Binance blockchain network, Altura made its first appearance in the crypto-verse in Q2 of 2021.
3. Decentraland ($MANA ) Another successful project built on the Ethereum ecosystem, the Decentraland boasts the decentralized metaverse that is built, owned, and governed by its users.
4. Baby Doge Coin (BABYDOGE) Created as a joke to help spread awareness of animal adoption, the Baby Doge Coin quickly turned into a meme sensation.
5. Floki (FLOKI) Created on the Ethereum chain, the Floki memecoin is inspired by Elon Musk’s dog. This Shiba Inu-themed meme is also a part of the Shiba Inu (SHIB) community.
6. NeuralAI ($NEURAL) NeuralAI primarily turns simple references into vivid 3D assets and converts them into the world industry-standard format.
7. The Sandox ($SAND ) The Sandbox project with a unique approach of allowing its users to create their own games with the application of their visual scripting tools.
8. MultiversX ($EGLD) MultiversX is a unique blockchain protocol that offers a variety of services to its users.
9. Beam ($BEAM) Built by the Merit Circle DAO, the Beam project is a gaming application. The ecosystem’s native token “BEAM” also acts as a mode of payment.
10. Gala ($GALA) Built by a Layer-1 blockchain, GalaChain, the Gala project is a unique Web3 model. Primarily built to power the Gala entertainment.
🚀Ripple XRP Price Will Rocket to 60% After XRP ETF Launch 🚀
Ripple’s native cryptocurrency XRP has shown major strength during the crypto market pullback, despite a 400% gain amid rising hopes of an XRP ETF launch. Ripple price is currently trading in a bull-flag pattern and eyeing a breakout to the $3.5 level.
Despite the current pullback, XRP is still trading 44% up on the monthly chart.
Amid the broader market sell-off, Ripple price bounced back from the lows of $2 and is holding the crucial support of $2.18 as of press time.
On the technical chart, XRP is making a bull flag pattern and could rally to $3.5, gaining another 60% from the current levels. However, Ripple’s native crypto first needs to break above $2.42.
Crypto analyst Ali Martinez has shared his outlook on XRP, suggesting that if Ripple price can maintain support above $2.20, it may consolidate before attempting another push toward the $2.70 resistance level. However, he cautioned that if the $2.20 support fails, a decline to $1.96 could be imminent.
🐋Whale Activity Pushes Ripple Price Higher
Amid the crypto market crash during the last week, XRP whales saw an opportunity to add more coins amid Ripple price retrace. Following the first major correction on December 17 last week, XRP whales accumulated. RLUSD Stablecoin Launch to Benefit XRP
Ripple Labs CTO David Schwartz recently commented on the company’s new RLUSD stablecoin, which went live last week.
💲XRP ETF Demand on the Rise
With President-elect Donald Trump set to take office next month in January, the market is optimistic that Ripple will soon settle the SEC lawsuit. Last week, there were strong sentiments on the filing of BlackRock spot XRP ETF. However, BlackRock’s head of ETF Jay Jacobs denied the rumors soon after.
Bloomberg analyst Eric Balchunas disclosed that the spot for the Solana Exchange Traded Fund (ETF) could be approved next year. Fascinatingly, this could have a significant impact on the Solana-based tokens as analysts compile a list of five (5) assets that could record a 20X.
Jupiter (JUP) Jupiter is currently trading at $0.85 after surging by 5.23%. Confirming this prediction, an analyst identified as Altcoin Scholar believes that JUP could hit at least $10 in the upcoming bull run.
Render (RNDR) Render was trading at $7.7 at press time after surging by 9% in the last 24 hours. Meanwhile, crypto analyst Exotrader believes that Render could hit $24 in the near term once it successfully holds above the $6.9 support level.
Chainlink (LINK) LINK was trading at $23.8 at press time after surging by 5.6% in the last 24 hours. According to analyst Ali Martinez, 57.2 million LINK was purchased by 100,220 addresses at this level.
BONK Bonk was trading at $0.00003177 at press time after declining by 11% in the last seven days and 33% in the last 30 days.
In September, Bonk announced that it would be working with Osprey Funds to launch an Exchange-Traded Product (ETP) in the US.
XRP XRP is currently trading at $2.2 after surging by 3% in the last 24 hours. According to analysts, an approval of a SOL ETF could increase anticipation of a potential approval of an XRP ETF. In this case, XRP could surge as high as $44.
Meanwhile, analysts expect this asset to make an initial run on January 20, 2025, soon after the inauguration of Donald Trump. The official takeover of Paul Atkins as SEC chair could also be a bullish catalyst for the asset as experts predict a possible withdrawal of the lawsuit against Ripple. For analyst Dark Defender, XRP could hit $18 in this market cycle.
📢Ripple CEO Reveals Growing Real Estate Demand for XRP Testing
Ripple CEO Brad Garlinghouse has revealed that there is an increase in demand for XRP as a preferred payment solution within the real estate sector. Ripple is proactively working to boost the asset’s adoption, recognizing its potential in transforming transaction methodologies. This growing interest is not only a testament to the efficacy of blockchain technology in facilitating seamless transactions but also highlights the evolving landscape of property sales and investments.
Ripple’s Payment Network in Real Estate
At the core of Ripple’s offerings is Ripple Payments, which was previously named RippleNet and utilizes advanced blockchain technology to facilitate efficient fund transfers for institutions around the world. Brad Garlinghouse emphasized that businesses are keen to explore how Ripple’s cutting-edge solutions can improve cross-border payments and minimize transaction friction. This need for modernization is particularly relevant today, as existing payment systems often leave users waiting weeks for transactions and facing high fees.
XRP’s permissionless nature and its On-Demand Liquidity (ODL) feature are particularly advantageous for real estate transactions.
Currently, Ripple Payments supports over 55 countries and connects to more than 120 fiat currencies, simplifying the management of international transactions for real estate professionals.
Garlinghouse compares Ripple’s transformative potential to the internet’s evolution, noting its ability to change various sectors, including real estate, fundamentally.
Stellar price plunged in the last three weeks due to a risk-off sentiment brought forth by Fed’s interest decision for 2025. The $XLM price has formed a falling wedge pattern and found support at the 50-day moving average, indicating an eventual comeback as investors buy the dip.
Stellar Price has some bullish fundamentals that could push its price higher in the next few weeks. The first big thing is that Stellar and Ripple are often seen as ‘cousins’ since they target the payment industry. Also, Stellar’s founder, Jed McCaleb, is one of Ripple’s founder.
Therefore, Ripple’s performance could benefit the XLM price as it has previously done. As we wrote earlier, analysts are optimistic that the XRP price will skyrocket by 60% if the SEC approves a spot XRP fund. Another analyst expects the Ripple price to surge to $4 as Binance transactions rise.
Further, Stellar’s network is doing relatively well as the DeFi total value locked stages a slow recovery. DeFi Llama data shows that the Stellar Network had a TVL of over 135 million XLM, higher than last week’s low of 112 XLM.
Therefore, a combination of strong fundamentals and technicals may help the Stellar price rebound in the near term.
Another bullish case is that the XLM price has found support at the 50% Fibonacci Retracement level. This retracement links the lowest and highest levels in 2024.
The memecoin industry began with an internet meme turned digital currency, Dogecoin making its presence felt in 2014. Since then, more than 3,500 memecoins have been listed across various cryptocurrency exchanges and have a combined market capitalization of $90.71 billion.
1. Dogecoin (DOGE) With a market capitalization of ~$46 billion, the Dogecoin price has surged over 250% in 2024, making it a successful year for the largest memecoin by market cap.
2. Shiba Inu (SHIB) Following Dogecoin’s footsteps, the Shiba Inu price has 2xed its investor’s money.
3. Pepe (PEPE) The Pepe price has taken the cryptocurrency market by storm. Notably, this Ethereum-based meme coin has soared over 1,200% in 2024.
4. Dogwifhat (WIF) Launched in November 2023, the Dofwifhat memecoin has completed its first year in the world of cryptocurrencies.
5. Brett (BASED) BRETT Introduced as Pepe’s best friend on Base Chain.
6. Popcat (SOL) POPCAT The best-performing memecoin of the year 2024, the Popcat (SOL) is another Solana-based meme project that features a short-haired domestic cat named “Oatmeal”.
7. Cat in a dogs world (MEW) The first Cat-themed memecoin, the Cat in a Dogs World crypto project is another marvel of the Solana ecosystem.
8. Goatseus Maximus (GOAT) The latest sensation of the Solana chain, the Goatseus Maximus has come under the radar of top investors and institutes with its impressive price surge of 2,598,213% in less than 60 days.
9. Neiro (First Neiro on Ethereum) Following its listing on Binance, the world’s largest cryptocurrency exchange, the First Neiro on Ethereum price gained significant attention from the crypto space.
10. Just a chill guy (CHILLGUY) Another rising star of the Solana chain. Just a Chill Guy took over the memecoin rally by storm since its inception.
Disclaimer: Make sure to do your research before investing in the memecoin category. Only invest the money you can afford to lose.
XRP Price Eyes $4 As Binance Notes ATH Ripple Transactions 🚀💰
Will XRP price hit $4 especially as Ripple’s deposit transactions on Binance hits a record high ❓
The current Ripple price stands at $2.18, with an identified rebuy zone set at $1.9280, signaling an optimal entry point. Expert anticipates the next resistance level and target at $4, suggesting potential upside.
The crypto analyst chart illustrates a potential bounce at the $1.92 level that is a crucial area for buyers. This support level may act as the key level in the price trend with upward pressure expected to push the token to the next level. The current market shifts may well become the basis for a further advance.
♦️Surge in XRP Deposits on Binance Sparks Price Rally
A recent spike in XRP exchange deposits on Binance has been observed, correlating with a significant price increase. According to CryptoQuant The Ripple soared to $2.20 in DEC 2024. The influx of deposits marked one of the highest transaction counts in 2 years, exceeding 2 million transactions during the spike.
This movement suggests heightened trading activity and potential profit-taking by holders. Analysts believe the surge may indicate growing investor confidence in XRP. The event reflects crypto market trends where increased exchange inflows often precede significant price movements.
📈Conclusion
If bullish pressure sees a comeback, the XRP price forecast could soar above the $2.2 resistance level in the coming days, potentially reaching $4.
XRP’s strong activity signals potential for a significant rally amid challenging conditions in the crypto market.
📢Chainlink and XRP holders shift focus to this $0.0013 token with growth prospects of 23,000%.💰💰
What makes this token so appealing, and why is it drawing attention away from established cryptocurrencies.
📍DOGEN Rejoys Big Moment: Trump’s Victory Will Send It to the Moon
DOGEN, the boldest meme coin for alpha males, is gearing up for take-off as Trump’s victory in the recent US election has the entire market euphoric about the prospects of cryptocurrencies, especially meme coins.
📍DOGE Soars 130% in Just One Week!
DOGEN will be the Next Star with 500% Surge Following the US election results, Dogecoin (DOGE) has been on a steady rise: from $0.15 to $0.39 in just one week.
DOGEN follows the same upward trend, starting at $0.0003 and now trading at $0.0013, a staggering 333% leap.
With a total of 13 presale stages, DOGEN is set to rise to $0.0019 by the token generation event (TGE), which represents a 500% increase from its initial price.
📍A Community-Driven Token with Referral Program
The backbone of DOGEN is its strong and engaged community—an energetic group of investors ready to seize the next big opportunity. With nearly $4,000,000 already raised, $DOGEN has proven its appeal among crypto enthusiasts.
Adding to its allure is DOGEN’s unique multi-level referral program, which rewards community participation: 📍7% in USDT from direct referrals 📍2% from second-tier referrals 📍1% from third-tier referrals
SEC Conflicts of Interest Under OIG Scrutiny Meanwhile, Terrett filed a Freedom of Information Act (FOIA) request regarding the Office of Inspector General’s (OIG) investigation into potential crypto-related conflicts of interest within the SEC. Terrett reported that the OIG completed the investigation and issued the findings to management.
The investigation centers around former SEC Director of the Division of Corporate Finance, William (Bill) Hinman, a central figure in the SEC v Ripple case.
During the Ripple case, the SEC made at least six attempts to shield Hinman’s speech-related documents under attorney-client privilege. The court denied the SEC’s requests. The documents revealed that Hinman continued to meet with his former employer, Simpson Thacher, despite SEC ethics division warnings.
OIG Investigation Findings May Extend to Former SEC Chair Jay Clayton
Empower Oversight intensified its scrutiny of the SEC in March. The whistleblower sent a letter to an FOIA Officer, requesting records relating to potential ethics violations. The letter underscored concerns about former SEC Chair Jay Cayton, stating.
The OIG report could reveal the SEC’s alleged attempts to promote ETH at the expense of Ripple and XRP.
After leaving the SEC, Hinman returned to his former employer, Simpson Thacher. In a 2021 lawsuit against the SEC, Empower Oversight alleged Hinman received millions of dollars from Simpson Thacher while working at the agency.
XRP Price Trends: OIG and Appeal in Focus
If the agency withdraws its appeal, XRP could target January 2018’s all-time high of $3.5505. However, XRP could face initial selling pressure if the SEC files its opening brief by January 15, potentially sending the token below $1.50.
EU Exchanges Delist Tether’s USDT In Preparation for MiCA
In anticipation of the EU’s looming Markets in Crypto Assets (MiCA) regulations, European exchanges are delisting Tether (USDT) en masse. This may severely hinder the EU market’s ability to capitalize on the crypto bull market.
Tether Prepares for MiCA
It has been clear for several months now that Tether’s USDT, the largest stablecoin, will not meet MiCA compliance. According to a new report, EU exchanges have until December 30 to delist the asset. However, apprehension is growing in the European crypto community, as Tether’s retreat may have an outsized impact.
Essentially, Tether is a very useful stablecoin for EU crypto business operations and a critical source of liquidity. Although the space has a high level of development and interest, some European financial products are dwarfed by the US-centric bull market.
In general, EU crypto investments have been dropping in 2024 compared to other regional markets, and MiCA might cause them to fall even further.
European investors will have to hope that the chaos surrounding MiCA and the Tether exit will not depress overall investment rates. Crypto is entering a new level of institutional and regional acceptance worldwide, but Europe could still lose out.
Best Crypto to Buy Now: Top Picks for 2024-2025 Growth Potential
This article is tailored to guide you through the ten best cryptocurrencies to buy now for long-term growth, chosen for their potential to thrive across multiple bull markets. From established leaders in DeFi to cutting-edge projects in gaming and beyond, these cryptocurrencies represent a mix of stability and future-forward innovation.
1. Chainlink ($LINK ): Bridging Blockchain and Real-World Data Overview: Chainlink is the leading decentralized oracle network, connecting blockchains with external data sources. It’s a critical tool for DeFi applications, enabling smart contracts to interact with real-world information.
2. Toncoin ($TON ): Telegram’s Blockchain Marvel Overview: Toncoin is a next-generation blockchain platform developed by Telegram’s team, offering high-speed, low-cost transactions designed for mass adoption.
3. Aptos ($APT ): The Blockchain Built for Developers Overview: Aptos is a Layer 1 blockchain focused on developer tools and scalability, making it an attractive option for building secure and efficient applications.
4. Polygon ($MATIC): Scaling Ethereum for the Masses Overview: Polygon is a Layer 2 solution designed to scale Ethereum, reducing transaction fees and improving speed while maintaining security.
5. Render Network ($RNDR): Decentralized GPU Power Overview: Render Network provides a decentralized solution for GPU rendering, connecting creators with idle computing power to streamline 3D rendering and animation.