There’s no room for slacking when it comes to monetary policy tightening, Powell says, as Bitcoin takes a breather from yearly highs.Bitcoin staged another retest of $30,000 support on June 28 as the United States Federal Reserve stayed hawkish on inflation.

BTC/USD 1-hour chart. Source: TradingView

Powell on rate hikes: “More restriction coming”

Data from Cointelegraph Markets Pro and TradingView showed BTC price action sticking to a narrow range at the Wall Street open.

This accompanied fresh comments on economic policy from Fed Chair Jerome Powell.

Speaking during a two-day discussion with other central bank heads at the European Central Bank Forum on Central Banking 2023 in Sintra, Portugal, Powell reiterated Fed consensus for further interest rate hikes this year.

Having paused the hiking cycle, which began in late 2021, this month, Powell nonetheless stressed that there was still room for further policy tightening.

“Really, policy hasn’t been restricted for very long,” he said.

“We started at negative real interest rates; we’ve since moved up to where we are actually in restrictive territory, but we haven’t been there very long, so we believe there’s more restriction coming.”

Powell said that there was majority support for at least two further rate hikes going forward.

Bitcoin appeared hesitant as a result, retracing the prior day’s gains to shy away from a renewed attack on yearly highs at $31,000.

Reacting, market participants nonetheless chose to wait and see.

“Price bullishly explodes from the lows, takes a pause at the range high, and then continues to new yearly highs,” popular trader CryptoCon wrote in part of a tweet.

An accompanying chart demonstrated that BTC’s price was in familiar territory on its way up.

BTC/USD annotated chart. Source: CryptoCon/Twitter

MicroStrategy Bitcoin dip-buying returns

News that MicroStrategy had purchased more than 12,000 BTC for its corporate treasury, meanwhile, failed to have a tangible impact.

Confirmed by CEO Michael Saylor, the company announced that it had added 12,333 BTC — worth at the time $347 million — to its reserves, bringing its aggregate cost basis to $29,668 per BTC.

According to monitoring resource Bitcoin Treasuries, MicroStrategy now owns almost 0.7% of the entire potential BTC supply.

It also owns 10 times more than the second-largest treasury, belonging to Voyager Digital, which owns 12,260 BTC.

#bitcoin #CryptoDeNostradame

US regulators have been closely monitoring cryptocurrency assets in recent months, and as pressure on the crypto industry continues to mount, experts continue to speculate about the future of these assets.

According to JPMorgan analysts, as reported by Block, Ethereum could be treated differently from other altcoins. In their recent comments, the analysts suggested that the US Congress could classify Ethereum as a commodity alongside Bitcoin, subjecting it to less regulatory scrutiny compared to securities.

The latest report from JPMorgan, reflecting the views of the analysts, highlighted the possibility of categorizing cryptocurrencies with sufficient decentralization, including Ethereum, into a separate category from securities.

This comment from JPMorgan came after the recent release of the Hinman documents as part of the SEC-Ripple case earlier this week. These documents contain detailed statements from 2018 indicating that the SEC did not view Ethereum as a security.

The statements in these documents emphasized the decentralized nature of Ethereum and the absence of a controlling group specific to the cryptocurrency, which led to the conclusion that Ethereum should not be considered a security. However, the documents also warned that there may still be a need for regulation to protect investors.

In addition, SEC Chairman Gary Gensler recently testified before the House Financial Services Committee. Although he did not mention Ethereum during the hearing, Gensler has previously stated in various interviews that, except for Bitcoin, he considers all other crypto assets as securities.

In conclusion, JPMorgan analysts agree that the Hinman documents would benefit Ethereum more than Ripple. The impact of these documents on Ripple remains uncertain. JPMorgan believes that it is more important for Ripple to win the fair notice defense in the SEC case. If this claim is accepted by the court, it could significantly narrow the SEC's jurisdiction. Other crypto projects targeted by the SEC are also likely to make similar fair notice arguments.

#CryptoDeNostradame

DOGE Founder Liked the Price Movement

The recent minor bullish run in the short term caught the attention of Markus, the founder of DOGE. The prominent figure expressed his "positive" reaction to this rally, essentially approving it. However, the general sentiment in the cryptocurrency sector is that the rally for DOGE has yet to begin. As of now, DOGE is trading at 1.78 TL and a breakout may be imminent.

Although there has been relatively positive price action in DOGE compared to other altcoins, there could be several reasons why the rest of the community remains unresponsive. Market volatility and significant uncertainty in meme coin prices are among the main factors.

Dogecoin Comment

Looking at the technical chart, DOGE certainly indicates that something has changed. DOGE temporarily broke through the 50 EMA resistance level, which it previously struggled to touch, but it has yet to achieve a full close above it. This is a significant signal for DOGE, as this level has been tested at least three times. However, a true breakthrough above the 50 EMA level is still required.

Co-founder Billy Markus also responded with a "positive" reaction to this recent movement, implying that the situation is improving. While Markus previously stated that he wouldn't comment much on price, his comment on a price-focused article now shows how rare such a situation is. Previously, when a similar comment was made in 2022, DOGE experienced a significant rally over the course of a week. This excites DOGE investors and keeps the expectations alive for the price of DOGE.

#CryptoDeNostradame

By adding the letter "D" to his location section on Twitter, Elon Musk caused an instant surge of nearly 10% in Dogecoin (DOGE) price.

In recent days, Elon Musk had hinted at upcoming changes on Twitter using terms like "X" to drop clues about certain matters. Now, by adding the letter "D" next to the "X" in his location, Musk paved the way for an immediate increase in DOGE price. Despite the drop in BTC, DOGE experienced a surge of 9.01% thanks to the Musk effect.

Ripple (XRP) had been dominant in the cryptocurrency market for some time. However, the SEC lawsuit and negative statements from several authorities against Ripple seemed to have slowed down XRP's momentum. As a result, some of the volume from XRP shifted to DOGE, becoming a significant factor in its upward price movement. Despite BTC's recent losses, DOGE managed to show an increase through fundamental and technical analysis, which garnered renewed interest in the coin.

Both XRP and Elon Musk continue to be in the spotlight, contributing to the ongoing fascination with memecoins. DOGE, in particular, has brought forth various surprising developments. With Musk's Twitter updates, DOGE has gained even more attention and hope. One important question is whether there will be any new features related to DOGE on the new platform. #CryptoDeNostradame

Wild Predictions for XRP Price

XRP has experienced a 1.8% drop in the last 24 hours and is currently trading at $0.48. Based on historical data, it is theoretically possible for XRP price to reach up to $3.3. Furthermore, there is even talk of a target price of $250 per unit. Renowned crypto analyst Egrag has put forward some interesting theories on the subject. According to the analyst, the XRP rally could push the price up to $3.3 or even $250. There are intriguing details behind the analyst's bold prediction.

Egrag highlighted the patterns observed in previous bull cycles. The analyst listed the cycles, referred to as A and B cycles, as potential cycles that could be repeated.

Historical Cycles of XRP

The A cycle, as presented by the analyst, covers the period from December 2014 to January 2018. During this time, XRP experienced significant fluctuations but ultimately saw a substantial increase in price, reaching record highs in January 2018. Similarly, the B cycle encompasses the period from November 2020 to April 2021, during which XRP underwent a significant rally.

The analyst also identified potential bottom points for XRP based on these historical cycles. The analyst stated that the lowest targets are $0.41 and $0.39. If the A cycle repeats, the bottom point could be $0.33. The analyst emphasized that if the price drops to $0.39, the peak point could be $250. This represents an astonishing increase of 51,000%. Currently, investors are eagerly awaiting a break above the $1 resistance level, and there is significant anticipation for a major breakout in the market. However, the uncertainty surrounding the Ripple and SEC lawsuit may hinder the practical realization of these theoretically possible targets.

#XRP #CryptoDeNostradame

Leading experts say "Ripple" amid the downturns!

Despite the recent price declines, the native coin of the popular altcoin project Ripple, XRP, continues to be an attractive digital asset for crypto investors. Data from the market data platform Kaiko shows that the perpetual futures trading volume's open interest remains above average on most exchanges. This is considered a sign that speculators' interest in the crypto market persists.

Kaiko, a data provider company specializing in cryptocurrencies, recently tweeted about the XRP Volume Open Interest Ratio on four crypto exchanges throughout the past month. The highlighted exchanges by Kaiko include Binance, Bybit, Deribit, and OKX. According to experts, the major crypto exchange Binance maintained the highest Volume/Open Interest Ratio among the prominent exchanges with a significant increase in the middle of July. Following Binance, Deribit and OKX ranked in terms of this metric.

Moreover, there were sudden increases in trading volumes across all crypto exchanges in mid-July. The volume surged after Ripple won the case against the Securities and Exchange Commission (SEC). However, following a general pullback in the crypto market, the price of XRP declined after its initial surge.

According to Kaiko's data, the interest in XRP remains quite significant. Despite the reduced excitement due to Ripple's legal victory and the overall crypto market downturn, the interest in Ripple's XRP remains high. The data reflected by the analytical platform shows that XRP's Volume/Open Interest Ratio consistently stays above the median value. This information indicates that investors in the crypto community are actively engaged in XRP transactions in a healthy market. A significantly higher percentage above the average suggests strong liquidity and continuous investor interest.

In addition, after the court's favorable decision in the case against the SEC, the price of XRP surged to $0.95, reflecting a 101% gain in a single day. However, the price later retraced. Two weeks after the court decision, Ripple is trading at $0.71, indicating a 21% retracement from the year's highest level reached. #XRP #CryptoDeNostradame

Ripple's lawyer John Deaton expressed that the SEC's logic regarding XRP secondary sales is flawed. The lawyer made his statements on Twitter.

John Deaton, Ripple's lawyer, asked the SEC to provide a single example that proves there is an investment contract without any privacy or communication between a buyer and a seller or a supporter. Deaton also noted that the SEC has failed to substantiate its claim.

Deaton argues that, considering all laws, the SEC has no evidence to support the theory that secondary market sales are securities. He also disagrees with those claiming that the SEC has the right to pursue unsupported new theories under the law. According to Deaton, if the SEC is presenting new and unsupported theories, then he advocates for the application of the Fair Notice Defense.

John Deaton believes that the judge in the Ripple-SEC case is likely to address the issue of secondary market sales. Deaton makes his statements as follows: Firstly, the SEC's summary judgment motion essentially forces the judge to accept it almost as drafted. Secondly, Deaton believes that the judge will choose not to remain silent on various amicable briefings presented in the Ripple dispute, which could provide more information about secondary market sales.

#XRP #CryptoDeNostradame

Davinci Jeremie believes that while many people missed out on the opportunity to buy Bitcoin 10 years ago, it’s not too late to get into crypto.

Crypto advocate Davinci Jeremie expected to become a hero to his community after talking about Bitcoin 10 years ago and why people should buy at least worth of it, but things did not turn out as he expected. 

In an interview with Cointelegraph, Jeremie shared the story of how he found Bitcoin, what his community thought about it back then, and what he thinks would help onboard more people into Bitcoin.

According to the crypto influencer, it all started over 10 years ago, when a member of his community told him about BTC and asked him to have a look at it. At first glance, Jeremie, who is also a software developer, believed that it was a scam given th the double-spending problem was “considered to be not solvable.” He explained: 

“I said, ‘Okay, I'm gonna read the source code since I’m a software developer and tell you how it’s a big scam.’ I read the source code, read the white paper and realized, oh no, this is not a scam.”

After determining that BTC may be the solution to a huge problem in the monetary system, he made what became a trending video, asking his community to purchase at least $1 worth of BTC. However, what happened was a bit different that what he expected. He expected his community to be grateful for the information he shared, but they did not respond the way he thought they would.

“Once in a while, something comes along that makes poor people rich because they got it really, really cheap. This was one of them. I thought I was gonna be the hero to my community, but no, they thought I was crazy. They actually thought I was losing my mind,” he said.

While people may have missed out on the opportunity to buy BTC at that price, Jeremie believes it’s not too late to get into crypto. According to the influencer, only 2% of the population currently holds Bitcoin and Ether .However, a problem is that people want to have an entire coin, according to Jeremie, who said:

“Everybody wants to have a whole Bitcoin. Nobody wants to go into a store and say, ‘Can I get 1/100,000,000th of an apple?’ They want the whole thing. So, although Bitcoin is divisible, the divisibility is part of its Achilles heel.”

The developer suggested that it may be optimal to have a satoshi-based Bitcoin wallet that shows balances differently. The software developer believes showing people that “for a whole dollar, you could get a few hundred thousand Bitcoin satoshis” could potentially attract more people. “It’s not as appealing to have that decimal spaces than a whole Bitcoin,” he added.

#CryptoDeNostradame

Presidential candidate Robert F. Kennedy Jr. has clarified his stance on central bank digital currencies (CBDC) and also signaled support for Bitcoin (BTC). In his statements, the expert explained the advantages of Bitcoin and shared his broader views.

Support for Bitcoin!

In a recent interview with the New York Post, the nephew of former President John F. Kennedy stated that if given the authority, he would enact policies that support the freedom of the American people to use Bitcoin. He said the following regarding the matter:

I will ensure that we have policies that support Bitcoin and the freedom to transact, allowing individuals to manage their own Bitcoin wallets, nodes, and passwords. I will only allow the narrowest controls necessary to prevent money laundering.

Kennedy also emphasized his opposition to the development of a CBDC if he were to become the next President of the United States. In his statements, the expert said:

Against central bank digital currencies

Sure, here is the translation of the text:

Presidential candidate Robert F. Kennedy Jr., while clarifying his stance on central bank digital currencies (CBDC), also signals support for Bitcoin (BTC). The expert, in his statements, explained the advantages of Bitcoin and shared his broader views.

"BTC: A Way Out!"

Robert F. Kennedy Jr., a presidential candidate, has openly criticized the policies of the U.S. Securities and Exchange Commission (SEC) regarding cryptocurrency and previously stated that Bitcoin can provide people with an "exit" from an unfair financial system. In his statements, the expert said:

"Bitcoin is an excellent base currency because it has a limited supply... The existing Bitcoin in the world can be infinitely divided, making it a kind of perfect currency. It has intrinsic value and offers people an exit... And no one can manipulate it. There is no person who can manipulate it. What happens with Bitcoin is very, very democratic. Decisions are made democratically by all miners and algorithms that cannot be manipulated... As President, I will ensure that your right to hold and use Bitcoin is inviolable. Firstly, I will defend the self-custody rights of Bitcoin and other digital assets. Just as you have the keys to your car or your own wallet, you should also be able to have control over your private keys."

#bitcoin #CryptoDeNostradame

Recently, the Securities and Exchange Commission (SEC) expressed concerns about the insufficiency of spot Bitcoin ETFs. Despite this, BlackRock, one of the world's largest asset management companies, has resubmitted an application for a spot Bitcoin ETF.

BlackRock's renewed application comes amidst an ongoing race for spot Bitcoin ETFs. The SEC had previously stated that the applications for these ETFs were inadequate. However, BlackRock's decision to reapply for a spot Bitcoin ETF indicates the company's belief in the necessity of an ETF based on the spot market for Bitcoin. The SEC will consider BlackRock's application in light of their previous comments on the inadequacy of spot Bitcoin ETF proposals.

BlackRock is a major player in the digital asset market and is known for being one of the largest asset management firms globally. By resubmitting their spot Bitcoin ETF application, BlackRock may be emphasizing the importance of an ETF based on the spot market for Bitcoin. The SEC will review BlackRock's application in the context of their previous statements regarding the insufficiency of spot Bitcoin ETF proposals.

The SEC has been cautious in approving Bitcoin ETFs for some time. Approval of a Bitcoin ETF, similar to traditional financial instruments, could provide broader access to Bitcoin for investors. However, the SEC has been cautious due to concerns about security, regulation, and market manipulation associated with Bitcoin ETFs.

Therefore, the outcome of BlackRock's spot Bitcoin ETF application will depend on the SEC's evaluation, considering the regulatory requirements and concerns surrounding the cryptocurrency market.

#CryptoDeNostradame

The SEC's next target could potentially be stablecoins, as they have previously encountered issues with stablecoins and their issuers. On June 15, the SEC once again came into the spotlight regarding the depegging of stablecoins. Particularly, concerns about the depegging of Tether (USDT), which represents 76% of the stablecoin market, could prompt a swift reaction from the SEC. What is the current status of the SEC's involvement in the crypto industry and its connections to stablecoins?

The SEC's Authority

With the collapse of the FTX and Terra ecosystems, the SEC has been intensifying its pressure on the cryptocurrency sector, instilling fear particularly with its recent sanctions. On June 6, the SEC announced its lawsuit against Coinbase, one of the leading cryptocurrency exchanges, which had negative implications for cryptocurrencies and exchanges as a whole. The following day, the SEC filed a lawsuit against Binance, further tightening its grip on the market.

In the lawsuit against Coinbase, the SEC stated that Solana (SOL), Cardano (ADA), Polygon (MATIC), Filecoin (FIL), Cosmos (ATOM), The Sandbox (SAND), Decentraland (MANA), Algorand (ALGO), Axie Infinity (AXS), Coti (COTI), BNB, and BUSD were considered securities. This triggered a significant selling pressure on altcoins. The inclusion of BUSD, a stablecoin, in the list may signal the SEC's stance towards stablecoins.

Investors, who have been exiting both altcoins and cryptocurrency exchanges, have now raised concerns about the depegging issues in stablecoins. The SEC, which has had a strained relationship with the crypto industry for a while, is unlikely to turn a blind eye to the problems in stablecoins. Therefore, it appears highly probable that stablecoins will be the next target of the SEC.

Signals Against Stablecoins

The aggressive statements made by SEC Chairman Gary Gensler in the past regarding the crypto industry have come to mind again in light of the recent chaotic environment. Gensler drew comparisons between stablecoins and cryptocurrencies, stating that "Stablecoins are akin to poker chips in a casino. Cryptocurrencies are highly speculative assets. Satoshi Nakamoto wanted to bring finance together with new technology, but this cannot progress without regulation."

SEC, which opposes any form of dominance in the industry, has filed a lawsuit against Binance and classified its stablecoin BUSD as a security. Considering the lack of regulatory oversight on Tether (USDT), which constitutes 76% of the stablecoin market, it opens up the possibility of a potential SEC battle. While the issuer of the stablecoin claims to have a one-to-one backing of each USDT token with a U.S. dollar, there are concerns about whether this is actually true.

SEC previously filed a lawsuit against Paxos, the issuer behind Pax Dollar (USDP) and BUSD tokens, and issued a Wells Notice. The Wells Notice is a notification used by the regulatory body to inform companies about planned enforcement actions. Evaluating SEC's recent aggressive moves, it indicates signs that stablecoins could be the next target.

War Preparation of Stablecoins

USDT's notable data and the emergence of FUD (Fear, Uncertainty, and Doubt) news may have caused market fluctuations, but Tether's CEO Paolo Ardoino's strong stance and efforts to maintain investor confidence continue to create a positive sentiment around Tether. Ardoino is giving a warning against manipulative attacks during this period when the market is experiencing low volume and pessimism.

Ardoino stated that Tether is prepared for any price movements and will take necessary steps. He also expressed a firm stance towards investors converting USDT to USDC, stating that they are ready for redemption. In the past, Ardoino made the following statement:

"Today's numbers show that people want access to financial freedom, and when they are given that access, they will use it. Tether tokens provide a safe haven for those without access and allow them to preserve their purchasing power even when their currencies are being devalued."

By emphasizing his trust in stablecoins through Tether, Ardoino aims to protect market confidence by taking measures against manipulative transactions and assures investors that the expected steps will be taken.

Jeremy Allaire, the CEO and co-founder of Circle, the issuer of USDC, responded to the targeting of stablecoins and the recent depeg allegations on social media. Allaire stated that there is no cause for concern and highlighted the critical role of stablecoins in the industry, emphasizing the need to protect them.

#CryptoDeNostradame

With the widespread adoption of cryptocurrencies, Bitcoin has become increasingly integrated into our lives.

Alongside Bitcoin's significant presence in our lives, Bitcoin advocates have also made themselves known. In this article, we explore how Michael Saylor's love for Bitcoin has evolved over the years.

What Has Michael Saylor Done for Bitcoin Over the Years?

Michael Saylor, the CEO of MicroStrategy, emerges as one of the biggest supporters of Bitcoin, often referred to as the gold of cryptocurrencies. Saylor's love and dedication to Bitcoin have served as an inspiration for many other businessmen and investors. Let's take a closer look at his passion and belief in Bitcoin.

In 2020, Michael Saylor took a significant step to demonstrate his interest in Bitcoin by leading his company, MicroStrategy, to make a major move. The company converted a significant portion of its assets into Bitcoin and purchased approximately 91,000 BTC. This move created a significant buzz at the time. However, over the years, MicroStrategy's Bitcoin purchases led to a pattern where they served as almost a contrarian indicator. Whenever Saylor's company announced Bitcoin purchases, it coincided with price declines in the Bitcoin market.

Saylor consistently emphasizes that he sees Bitcoin as a more reliable store of value compared to other asset classes. He argues that traditional currencies carry the risk of losing value due to inflation and central bank interventions, while Bitcoin is immune to such concerns. Additionally, Saylor believes that the economic uncertainties worldwide will increase the demand for Bitcoin.

Focusing on Bitcoin's limited supply, Saylor believes that the balance of decreasing supply and increasing demand will drive its value higher over time. He also argues that Bitcoin is built on a strong mathematical foundation and serves as a secure and reliable store of value. Saylor views Bitcoin as a long-term investment asset and believes it has the potential to fully realize its value.

Saylor doesn't only characterize Bitcoin as an investment instrument but also emphasizes its potential to democratize the financial system. Being a decentralized system, Bitcoin can create opportunities for billions of people who lack access to financial services. Saylor's belief in this potential has positioned him as a prominent figure in the cryptocurrency industry. He believes that if Bitcoin gains wider acceptance as a currency, it will increase financial inclusion and reduce economic inequalities.

In conclusion, Michael Saylor's love for Bitcoin is based on the potential he sees in this digital asset. He believes that Bitcoin serves as a secure store of value, an investment instrument, and has the potential to democratize the financial system. Saylor's commitment to Bitcoin is demonstrated by his actions, such as converting MicroStrategy's assets into Bitcoin, which has encouraged other investors. His passion for Bitcoin has made him an influential figure in the cryptocurrency world and has contributed to the broader acceptance of Bitcoin.

#CryptoDeNostradame

Crypto market analysts, closely followed in their recent analyses, have indicated that there is an explosion signal for some altcoins, pointing to the month of July! Popular crypto analysts will closely monitor Ripple (XRP), Stellar (XLM), and VeChain (VET) in July. Here are the details...

Ripple (XRP)

which has been experiencing constant growth in recent weeks, following the rise of Bitcoin (BTC) and exciting its investors, has been at the center of attention for analysts. According to analysts, Ripple has been growing day by day since the US Securities and Exchange Commission (SEC) filed a lawsuit against the company, and it has managed to attract the attention of many investors. Despite active regulatory pressure, the popular cross-border payment company Ripple has seen a significant increase in the number of XRP addresses. As of June 27, the reported data shows that the XRP price is currently at $0.47, experiencing a 0.5% loss in the past 24 hours. However, the project has gained 0.77% in the past week and may reemerge with a significant price breakthrough.

On the other hand, Stellar, which continues to grow quietly compared to other cryptocurrencies, remains on the list of investors and experts. Popular crypto analyst Nebraskan stated in their analysis that amidst the ongoing red-light-green-light changes in most assets' charts, XLM shows more growth potential. Currently, Stellar is trading at $0.101, and it has seen a 6.36% increase in the past 24 hours, thanks to numerous positive announcements such as the integration with MoneyGram. It has also made significant progress in the past seven days with a 23.63% increase, and overall, its charts show an upward trend, including a 10.28% increase in the previous month.

VeChain (VET) is one of the few altcoins that experts have recently highlighted as being on investors' radar in July. One notable reason for its popularity is its relatively low price level. Additionally, VeChain (VET), which has been a focal point for investors for a considerable period, could be a good investment in July, according to experts, due to recent price movements and developments such as the listing announcement on the Coinbase cryptocurrency exchange. Currently, VeChain (VET) is trading at $0.01964, and it has experienced a 6% increase in the past 24 hours.

#bitcoin #CryptoDeNostradame

While the U.S. Securities and Exchange Commission (SEC) is currently a topic of much discussion, it is known that the agency took its first major step against the cryptocurrency sector with the lawsuit filed against Ripple Labs and XRP. Despite years passing since the Ripple Labs case, the outcome has not been announced, and the lawsuit remains unresolved. One of the former executives of the SEC, however, has officially given hope to XRP investors with his recent statement!

SEC Official: XRP Case to be Resolved in a Few Days

Marc Fagel, a former executive of the SEC, has made statements that also concern cryptocurrency investors. As a senior executive who handled many cases throughout his 30-year career at the SEC, he initially discussed whether the XRP case could set a precedent for others. Fagel emphasized that he did not believe the future decision would set a precedent. He stated that he thought the two parties would not reach a settlement and that this could have been done even before the trial. Fagel believes that the possibility of a settlement has now been eliminated. However, the executive believes that there could be a significant change in XRP sales depending on the outcome of the case and is confident that the resolution is imminent.

Fagel, who also made statements on Twitter, emphasized that the final decision regarding the case could come in the next few days.

"My only reference point is the recent decision regarding the Hinman documents, which indicates to me that the court has already made its decision."

XRP Investors Are Ready

The unsealing of documents related to speeches by Hinman, a former SEC official, is seen as a turning point in the XRP case. While it was stated that the sale of XRP in 2013 constituted a securities violation, the differences or similarities between the securities statements made by the SEC executive for ETH in 2018 and the Hinman speeches were seen as a factor that could be further explored. Hinman emphasized that ETH is a commodity, and the documents revealed that this was due to its decentralization.

In fact, Fagel's recent statement is not the only development regarding XRP. Currently, XRP is holding the support level of $0.45, where a strong buying wall exists. This indicates that XRP investors are focusing on the outcome of the lawsuit and reducing selling pressure. Despite experiencing a significant loss in value since the announcement of the lawsuit at the end of 2020, it can be observed that XRP has actually gained around 200% in value against BTC since that time according to the XRP price chart. All of this suggests that XRP has survived in the market with the expectation of the lawsuit but may not have fully priced it in.

For the real rally of XRP to begin, the price needs to hold above $0.80. New decisions related to the Binance and Coinbase lawsuits could also have an impact on the XRP price.

#XRP

#CryptoDeNostradame

Worldcoin's Official Twitter Account Shares "The Time Has Come" Message

Worldcoin stands out as a biometric cryptocurrency project based on iris scanning technology. The project also comes with the World ID system, iris-scanning Orb, and the World App wallet. Although many experts express privacy and security concerns about the project, Sam Altman, the co-founder of Worldcoin, believes that privacy concerns will diminish over time due to the open-source nature of the company's iris scanning artificial intelligence.

On July 23rd, the official Twitter account of Worldcoin shared a message in the late hours stating, "The time has come. 24.7.23." Although no further details were provided in the post, it appeared to refer to the altcoin's launch scheduled for today.

The spokesperson for Tools for Humanity, the technology company behind Worldcoin, declined to comment on the launch or provide further details about the altcoin.

In its Series C funding round, Tools for Humanity secured a $115 million investment from Blockchain Capital. Other investors include a16z, Bain Capital Crypto, and Distributed Global. Additionally, the company received a $100 million investment last year in March, valuing the company at $3 billion.

1 Billion WLD Tokens Issued

Arkham Intelligence, a company specializing in blockchain analytics, reported that the contract address created for the Worldcoin project is 0x163f8C2467924be0ae7B5347228CABF260318753. The contract details reveal that there are 1 billion tokens in circulation for the altcoin, and some of them have been sent to various cryptocurrency exchanges.

Data shows that a portion of WLD tokens was sent to OKX and Bybit exchanges, while more than 95% of WLD tokens are held in six wallet addresses.#CryptoDeNostradame