BOOM!! Ripple fined $125 million for institutional sales and crypto exchange transactions are legally recognized

The judge ruled that XRP transactions on crypto exchanges are not securities offerings, giving Ripple a partial win.

Ripple could go to the moon after this and I suggest you start DCA while the market is bearish like it is now.

$XRP towards 16$ and beyond $ETH

Based on TMB data $XRP is preparing to reach 18$ in August and beat the market capitalization of etherium.

I suggest traders immediately buy XRP before it's too late.

#XRP #Xrp🔥🔥

‼️ WORRY ‼️ XRP WILL BEAT ETHERIUM IN 2025

Based on TMB data, the coin from Ripple, namely $XRP , is preparing to settle a dispute with the SEC this week and could affect the price by up to 100$ until 2025.

What's more, $XRP will have its own stablecoin so that it will make XRP grow even more and become the best crypto ever.

Xrp will touch 12$ this week

I suggest retailers get ready and buy $XRP because the price is certain to touch 12 USD this week.

Based on TMB data, it is estimated that the settlement of $XRP this week will bring it to a price of 12 USD
and will beat Etherium's capitalization.

Other fundamentals such as the exit of the stablecoin from Xrp, namely RLUSD, will shock the market and make $XRP continue to grow and beat many other coins.

#XRP #XRPVSSEC

Don't miss this, this is Secret $XRP

Xrp is headed towards settling its case with the SEC on July 18, 2024.

Price will skyrocket towards $3 - $12.

You retail, immediately enter and immediately buy $XRP
Before it's too late and don't miss it.

$XRP gearing towards 12$

Based on data $XRP is ready to go to 12$ within 1 month and this means an important warning to retail to get ready and buy immediately from now on.

At a time when the market is bullish now people don't realize that xrp will go to 12$ in the near future after its crushing victory against the SEC.
Reporting from TMB data, within 1 week XRP, which is a ripple coin, will gradually become 5$ and reach 12$ in one month, this means good news for XRP holders.
“XRP holders will get rich in the near future”

$XRP

You will regret it if you don't buy $XRP now

Xrp will strengthen this week and if you don't buy it you will regret it because the price will touch 3$ - 12$.

#Xrp🔥🔥

$XRP getting ready for 12$

Based on data $XRP is ready to go to 12$ within 1 month and this means an important warning to retail to be prepared and immediately buy $XRP starting now.

At a time when the market is bullish now people don't realize that xrp will go to 12$ in the near future after its crushing victory against the SEC.

Reporting from TMB data, within 1 week XRP, which is a ripple coin, will gradually reach 5$ and reach 12$ in one month, this means good news for XRP holders.

“XRP holders will get rich in the near future”

#Xrp #Xrp🔥🔥 #XRPUSDT🚨 #RippleUpdateV

Many $XRP Holders don't realize that they are old because they have waited too long.

Based on TMB sources, an average of 9/10 people who hold $XRP are not aware that they are old due to the long wait.

However, from TMB data, the holders of $XRP are still happy even though they have been waiting for a long time.

BlackRock, Grayscale, Bitwise File Updated 19B Forms in Rush for Ethereum ETF

BlackRock, Grayscale and Bitwise on Wednesday filed amended 9b-4 forms with the U.S. Securities and Exchange Commission (SEC) for their proposed spot ether exchange-traded funds (ETFs).

“Neither the Trust, nor the Sponsor, nor the Ether Custodian [...] nor any other person associated with the Trust will, directly or indirectly, engage in action where any portion of the Trust’s ETH becomes subject to the Ethereum proof-of-stake validation or is used to earn additional ETH or generate income or other earnings,” the amended BlackRock filing said.

Staking is the process of locking specific cryptocurrencies for a set period to help support the operation of a blockchain, in turn, for a reward. These rewards are considered mainly passive income among crypto traders.

All ether ETF hopefuls have now filed their amended proposals ahead of an approval or disapproval decision expected on Thursday.
Fidelity filed its amended S-1 forms earlier this week, dropping its staking plans. Later, VanEck, Franklin Templeton, Invesco Galaxy and ARK 21Shares filed similar amendments to remove staking. Hashdex is the only issuer yet to file an amendment to its Ethereum ETF.

As such, the Depository Trust and Clearing Corporation (DTCC) has started listing VanEck’s Ether ETF under the ticker symbol ETHV on its site, which some take as a positive sign.

On Monday, influential Bloomberg analysts Eric Balchunas and James Seyffart updated their odds of approval to 75% from the earlier 25%, causing a market-wide jump. Ether rose over 17%, while bitcoin retook the $71,000 mark for the first time since early April.

Market watchers have described the move as a sudden change in tone for the SEC, which was earlier said not to be considering the approval of an ether ETF. In an interview with Unchained, Seyffart said the issue had become “political,” with the decision coming “from above, likely Biden.”

#Ethereum #ETF #blakcrock #GRAYSCALE

Ethereum ETF Approval Could Spur 60% Rally as ETH Buying Increases

Approval of spot ether (ETH) exchange-traded funds (ETF) in the U.S. could drive a rally of as much as 60% in the second-largest cryptocurrency in the coming months, QCP Capital said in a Thursday broadcast on Telegram

The forecast echoes the market reaction after spot bitcoin ETFs were approved in January, the Singapore-based firm said. Bitcoin rose to over $73,000 from $42,000 in the two weeks after the ETFs started trading on Jan. 11, CoinGecko data shows.

"With Friday implied volatility above 100%, the market is expecting fireworks," QCP said. "VanEck’s ETF has been listed by the DTCC. We think approval is now highly likely with trading expected as early as next week.”Implied volatility measures the market's expectation of future price fluctuations for a financial instrument.

Buying activity increased on both centralized and blockchain-based crypto exchanges, on-chain analytics firm CryptoQuant said in a Wednesday report. Holders bought over 100,000 ETH in spot markets on Tuesday, the highest daily level since September 2023, as reports of a favorable decision emerged and some analysts bumped odds to over 75% from the earlier 25%.

Open interest on ether-tracked futures spiked in tandem to a record $14 billion. That's 67% of bitcoin open interest as of Wednesday, an unusually high level.
Activity also increased at the Chicago Mercantile Exchange, an exchange favored by institutions, with ether futures hitting a record notional $2.85 billion of trading on Tuesday, according to a spokesperson. Ether options traded a record 1,135 contracts ($216 million).
“Traders seem to be getting more exposure now to ETH relative to Bitcoin,” CryptoQuant said. "The largest daily spot buying from ETH permanent holders so far in 2024."
Ether prices in the coming days could be volatile after investors sent 62,000 ETH to exchanges, the most since early March, it said. "High exchange flows are typically associated with price volatility.”

Bitcoin price at $150K in 2024 is 'base case' — Tom Lee

Bitcoin bull Lee sees BTC price action doubling its current all-time highs before the end of the year.

Bitcoin, $BTC is on track to hit $150,000 in 2024, says veteran crypto market commentator Tom Lee.

In an interview on CNBC earlier this month, Lee, a managing partner and head of research at Fundstrat Global Advisors, came out with his latest bullish BTC price prediction.

Tom Lee reiterates $150,000 BTC price target

Bitcoin has no shortage of optimistic price targets this week, but some observers are focusing on the long term.

Lee is among them, revealing that Fundstrat sees a “base case” six-figure BTC price this year.

“Bitcoin’s still, we think, early in an upcycle, so the idea that it could get to $150,000 this year is still within our base case,” he said.

Such a price would be double current all-time highs, these hitting in March before a retreat to $56,000 at the start of this month.

Explaining his reasoning, Lee pointed to macroeconomic changes coming from the United States.

The Federal Reserve’s language on interest rate cuts — a key issue watched by risk-asset traders — is “more dovish than where the market is.”

“I think that’s the process of why markets are recovering,” he suggested.

Lee is well known in crypto circles for his BTC price predictions, not all of which have come true. In the long run, he implied to followers on X (formerly Twitter) this week, being long BTC has paid off.

“LESSON: being intellectually stubborn is costly,” he wrote while discussing Fundstrat’s investment thesis.

BTC/USD traded at around $70,000 at the time of writing on May 23, per data from Cointelegraph Markets Pro and TradingView, up 15% month-to-date.

President Biden's campaign is recruiting a meme expert

United States President Joe Biden's re-election campaign is seeking meme experts in an apparent bid to win over Generation Z voters.

The Biden for President Campaign (BFP) posted a job position for a “Partner Manager” with the successful candidate responsible for initiating and managing “day-to-day operations in engaging the internet's top content and meme pages.”

According to the job description, Biden's meme master's primary duties will be to manage relationships with digital media companies, podcasters and "meme pages across a number of social media platforms."

The move appears to be the latest attempt by the oldest-ever US president to woo a younger generation of voters.

The trader sees a $6,000 price $ETH behind the ETF's green light.

Considering where Ether price action might head in the event of an agreement, trading firm QCP Capital puts the upside potential at 60%.

Related: ETF buys 3X new BTC supply — 5 Things to know in Bitcoin this week

"We think approval is now very likely with trade expected early next week," he wrote as part of his latest update for Telegram channel subscribers.

The 60% higher target of the current spot price - around $6,000 - is based on Bitcoin's performance in the months following the US spot ETF itself in January.

Popular trader Jelle, meanwhile, is one of many assuming that the stars will align for Ether bulls on the day.

"ETF decision this afternoon, but the charts seem to know the outcome. Higher," he wrote in part of X's post on the topic.

An ETF decision announcement is expected around 8:30 p.m. UTC.

XRP Slows Down as SEC Set to Lose Power: Will Ripple Hit $1?

XRP, like Bitcoin, struggled to confirm yesterday's rise on May 20. Looking at the daily chart, it is clear that buyers have the upper hand, moving away from the descending wedge after the recent breakout. Currently, buyers are in the lead, and $0.50 is emerging as the anchor for this rise. Unless a slowdown occurs, forcing XRP below $0.50, the path of least resistance remains north.

Currently, XRP is stable in the last day and is up 7% in the previous week. This expansion also caused average trading volume to increase by approximately 2X to over $1.7 billion. Increased engagement indicates that buyers are confident, and there may be more room for profits in the coming sessions.

SEC Chairman Gary Gensler has publicly opposed FIT21.

SEC Chairman Gary Gensler publicly opposed FIT21 on May 22, saying it creates “new regulatory gaps” and endangers the stability of capital markets. Its passage in the House of Representatives has been seen by many as an early victory for crypto.

Coinbase CEO Brian Armstrong described the bill's passage, along with the support of 71 Democratic Party members as a “total victory” and a victory for “clear crypto regulations.”

“That's a large number of elected Democrats voting 'no confidence' in the SEC right now,” said Variant Fund chief legal officer Jake Chervinsky.

However, crypto-focused attorney Gabriel Shapiro pushed back against the celebration, arguing to X that FIT21 would still give the SEC “immense power.”

“This provides a dual regulatory regime, shared between the SEC and the CFTC,” he added. “This is done by giving the CFTC authority it has never had – the authority to regulate spot commodity markets.”

FIT21 largely cedes control of crypto to the Commodity Futures Trading Commission, considered by the industry to be a looser regulator than its securities regulatory counterpart.

The SEC, however, will have regulatory powers over cryptocurrencies that are not sufficiently decentralized but FIT21 will also create an avenue for cryptocurrencies that are considered securities to be sold as commodities.

FIT21 crypto bill passes US House of Representatives: Here's what could happen next.

A bill clarifying the role of United States securities and commodities regulators in overseeing crypto is heading into an unknown future as it heads to the Senate before heading to US President Joe Biden's desk.

The Republican-led Financial Innovation and Technology for the 21st Century (FIT21) Act, or HR 4763, passed the House on May 22 with 71 Democrats and 208 Republicans in favor and 136 against.

Its future in the Senate is unclear without a companion bill and facing one of the country's biggest crypto critics, Elizabeth Warren. However, the same Senate passed a resolution last week calling for removing rules that restrict banks and crypto companies from doing business.

It will still be months before the 100-member Senate considers FIT21 – there is no timeline for when Senators must act.

Even if they did, the bill would likely go to a committee for another round of possible reviews, hearings, and price increases. If the bill survives, then a majority – 51 senators – would have to vote in favor for the bill to pass.

Portions of FIT21 are subject to change, and members of the House and Senate will meet to resolve differences in their respective versions of the bill. The bill will then be submitted back to the House and Senate for final approval.

President Biden then has ten days to sign or veto FIT21. However, his administration said on May 22 that it opposed passing the bill but did not say it would veto it.

Even if Biden vetoes FIT21, the House and Senate can override it by passing it back to both chambers with at least a two-thirds majority vote.

Ripple CLO Stuart Alderoty calls SEC’s Gensler ‘struggling political liability’

Amid surging spot Ethereum ETF rumors, Ripple CLO Stuart Alderoty calls SEC Chair Gensler a “struggling political liability,” suggesting political motives behind potential SEC moves.

In what could be a watershed moment for the U.S. Securities and Exchange Commission (SEC), Ripple’s Chief Legal Officer, Stuart Alderoty, suggests that SEC Chair Gary Gensler is risking his position by becoming a “struggling political liability.”

In an X post on May 22, Alderoty criticized Gensler’s approach, saying “he thought crypto was an easy target,” but eventually “overplayed his hand.” Alderoty’s statement came amid rumors swirling about the SEC potentially approving a spot Ethereum exchange-traded fund (ETF), a move that perceived by many in the crypto industry and beyond as a bid to court voters.

As Chris Brummer, professor of law and Faculty Director of Georgetown’s Institute of International Economic Law, noted in an X post, this might be “the first time the SEC has become a subject of presidential politics.”

The speculation surrounding the spot Ethereum ETF approval gained traction despite the SEC’s previous stance against greenlighting any new crypto-related spot ETFs. This development intensified the competition between the Biden administration and former president Donald Trump, particularly in the context of their contrasting approaches to crypto regulation.

As the 2024 elections approach, the clash between Trump’s crypto-friendly stance and Biden’s hesitancy becomes a focal point in a heated political battle. Despite indications from the Biden administration that it remains steadfast in adhering to the SEC’s stance on crypto regulation, the pressure from crypto voters seems to be intensifying as the SEC gears up to potentially approve spot Ethereum ETFs in the coming weeks.