[ $SOL ] BEERUS CAT
Upcoming whitelist presale and NFT Sale $BEERUSCAT. First time work with this team and support by top kols. But, their past project is good (72X) So, I am happy to support it. If you want to participate in the presale you must buy their NFTs. Always DYOR before investing in any project!
🖼 MINT NFT DETAILS 🖼
💲 Price : 6 SOL / NFTs
📍Time : TBA

Beerus Balls
The ultimate memecoin currency. These balls ain't your average crypto – they're imbued with the power of Beerus himself, granting holders the ability to

Meme with impunity: Post danker than anyone, forever. No normie rejections, no salty downvotes. BeerusCat approves.

Interdimensional travel (one way) Use Beerus Balls to fuel trips to bizarre meme dimensions, where the dankest formats await. Just be warned, coming back might be a challenge...

Unleash the Hakai:Holders with enough Beerus Balls can summon the mighty Hakai, a devastating blast that obliterates unfunny memes from existence. Use with caution (and extreme hilarity).
➡️ Project Overview : 🐈‍⬛ We are pleased to introduce the BeerusCat Army, a formidable force dedicated to restoring the Memeverse to its former glory. Led by the enigmatic feline overlord, BeerusCat, our mission is to usher in a new era of dankness and hilarity.✨
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✅ Presale Link : TBA
⏰ Time : TBA

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- Twitter:twitter.com/BeerusCatOnSol
- Official Website:www.beeruscat.com/
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The fate of the Memeverse rests on your shoulders. Will you join the BeerusCat Army and usher in a new era of dankness? Collect Beerus Balls, spread hilarious memes, and prepare to Hakai the unfunny into oblivion!
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#SolanaMemeCoin #100xgems!! #Gems #GemsAlert

The remarkable price fluctuation of the meme-inspired digital asset Dogwifhat (WIF) in the cryptocurrency market has drawn close attention. WIF is now valued at $2.92, down 9.87% in the last 24 hours, according to CoinMarketCap.
It still shows a 9.98% rise over the previous week, though, and its market cap remains under $3 million, ranking it as the fourth-biggest meme coin.
Summaries of WIF Current Price Changes
Watching closely at WIF’s market behavior have been cryptocurrency enthusiasts and market analysts.
Prominent cryptocurrency analyst @MacroCRG flagged a possibly misleading breakout in WIF’s price trajectory, describing the current price increase as a “generational entry point” and speculating that it may not be sustainable and may go as low as $1.

Comparably, Bluntz, another analyst, noted the lethargic and corrective price action since a recent low reached $1.8, predicting a further decrease.
Outlook & Forecasts
Though WIF’s recent increases are noteworthy, analysts’ conversations suggest that they could not be based on a strong foundation. The expected decline to $1 may offer investors a once-in-a-lifetime chance to join the market at a bargain and maybe profit handsomely should the coin recover.
The performance of another well-liked meme coin, Pepe Coin, provides background to the phenomenon of meme coins, as formerly. With a startling $84 million in transactions over the last two weeks, this asset has outperformed its rivals on the Ethereum network.
#DOGEWIFHAT $WIF #WIF_Usdt #MemeCoinsToTheMoon

A recent update in the FTX bankruptcy proceedings has stirred controversy with FTX’s unveiling of an amended proposal that includes an exculpatory clause. This clause, unveiled in FTX’s amended plan released on May 7, has garnered attention and criticism from stakeholders within the cryptocurrency community.
Key Points of FTX’s Amended Proposal
FTX’s amended plan, presented on May 7, introduces significant changes to the repayment strategy for creditors. Notably, the proposal promises substantial compensation and an 11% payout to over 98% of creditors. 
However, the focal point of contention revolves around the exculpatory clause embedded within the plan.

The inclusion of the exculpatory clause has sparked criticism from creditors, notably the FTX Customer Ad-Hoc Committee representing over 1,500 creditors. Sunil, a committee member, voiced concerns over potential misconduct by S&C, citing asset sales at significant discounts and failures to restart FTX 2.0.
Allegations Against Sullivan & Cromwell
Meanwhile, Sullivan & Cromwell, a century-old law firm overseeing FTX’s bankruptcy proceedings, faces accusations of benefiting from FTX’s alleged multibillion-dollar fraud. However, it was found that FTX owed up to $1.45 billion in legal bankruptcy fees to the S&C law firm, based on compensation filings from December 2023.

Meanwhile, the creditors have raised concerns about S&C’s role and the potential conflict of interest, given its historical ties to FTX and its involvement in several key transactions.
Outrage Among Stakeholders 
FTX creditors and industry experts have expressed skepticism and dissatisfaction with the amended proposal. Pseudonymous FTX creditor Rob, also head of growth at Paradex, voiced strong opposition, citing concerns over accountability and fairness. 
The sentiment among creditors reflects broader apprehension regarding the proposed compensation structure and the exculpatory clause.
With the fate of FTX’s amended plan hanging in the balance, stakeholders await the outcome of the upcoming creditor vote. The decision on whether to accept or reject the proposal could significantly impact the trajectory of the bankruptcy proceedings.

#FTT🔥🔥 #SamBankman-Fried #SambankmanFried #Ftx❓ $FTT

After failing to defend the support level of around 62 cents last month, Ripple Labs-backed XRP price has suffered immense bearish pressure in the past few days. The large-cap altcoin, with a fully diluted valuation (FDV) of about $52 billion, attempted to rally above the resistance level of around 58 cents on Monday in vain.
As a result, it is safe to assume that the XRP price is falling, which could push the altcoin below 50 cents soon. Moreover, the XRP price has closed below the crucial weekly rising Logarithmic support level in the past five weeks. 
What is Needed to Rejuvenate XRP Bulls
For the XRP price to establish a rising trend and avoid falling into the category of zombie coins, the altcoin must consistently close above the weekly 50 Moving Average (MA). Furthermore, the altcoin could easily drop toward the support level of around 42 cents in the coming weeks if the bulls fail to establish control.
As an obvious point, Ripple must win its case against the United States Securities and Exchange Commission (SEC). 

On Tuesday, the US SEC filed its remedies reply brief and supporting exhibits under seal. Additionally, Ripple filed its redacted remedies, reply brief, and supporting exhibits on entry to final judgment.
What Next 
Ripple Labs has vigorously defended XRP in the courts of law against the SEC’s regulation by enforcement. With the US Congress attempting to create clear crypto and stablecoins regulations, XRPL developers are optimistic about a better future.
Furthermore, Ripple recently launched XRPL’s automated market maker (AMM) and anticipates unveiling its fiat-backed stablecoins later this year.
Nonetheless, Ripple must evolve XRPL to become a major Web3 hub like Solana (SOL) and Ethereum (ETH) or risk being outshone even by meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB).

#XRPVSSEC #SECvsCrypto #XRPUSDT🚨 #Xrp🔥🔥

In the ongoing legal tussle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), tensions have reached a boiling point. The SEC has delivered its final blow with a remedies brief, seeking permanent injunctions and disgorgement against Ripple. This latest move has sparked strong reactions, with Ripple’s Chief Legal Officer, Stuart Alderoty, openly questioning the fairness of the SEC’s legal tactics.
Here’s all you need to know.
Clash of Arguments: SEC vs. Ripple
In its remedies-related final brief, the SEC argues the need for “permanent injunctions” as there is a “reasonable likelihood” of Ripple repeating its wrong will be repeated. 
The SEC stabs at Ripple, contending that even after 3 years of the lawsuit, Ripple’s primary business “continues to be, as it has been since 2013, unregistered sales of XRP.”
Taking this as a point, the SEC argues that even if Ripple had not committed a single violation since 2020, another violation could still ‘be anticipated’.
Ripple, on its part, maintains that it has revamped its operations to ensure compliance. However, the SEC dismisses this as a mere rehash of previous arguments rather than a genuine commitment to change.
However, the SEC counterargues this claim, stating that “Ripple’s first ‘assurance’ is not even an actual assurance—it is instead another attempt to relitigate summary judgment arguments.” The SEC’s latest remedies brief seems to point fingers at the company, lashing out that any changes made by Ripple are nothing more than “misreading or ignoring what the Order says.”
All these make the basis of the SEC’s argument to impose a permanent injunction on Ripple Inc. from operating its business. 
Lashing Out At the SEC
Following the release of the SEC’s remedies brief, Stuart Alderoty didn’t mince words. He criticized the SEC for what he sees as a disregard for international regulatory standards and accused the agency of trying to mislead the court.
“And just when you think the SEC can’t sink any lower if you are a financial regulator outside the U.S. and have done the hard work of establishing comprehensive crypto licensing frameworks, know that the SEC has no respect for you and thinks you are handing out the equivalent of fishing licenses.”
Alderoty’s strong words underscore the growing friction between Ripple and the SEC, as both sides dig in their heels over the terms of potential penalties and fines.
The Big Question: What Will the Fine Be?
In its final brief, the SEC made it clear that it is not backing down from the $2 billion demand for penalties and fines. Out of this crazy amount, the SEC used the millions of profits claimed by RIpple from its unregistered sales of XRP as the reason for disgorgement.
On the other hand, Ripple’s last brief proposed a significantly lower penalty amount, suggesting that a fine under $10 million would be more appropriate. It claimed that the SEC’s demands were way too excessive.
All Is In Judge Netburn’s Hands Now
With the legal battle nearing its climax, all eyes are on Judge Sarah Netburn, who will have the final say on Ripple and the SEC’s competing claims. Whether it’s a ruling in favor of the SEC’s injunctions and disgorgement or a negotiated settlement, the outcome will set a precedent for future regulatory actions in the crypto world.

Who will prevail in this David vs. Goliath battle? Only time will tell.

#XRPVSSEC #SECvsRipple #SECvsCrypto #XRPUSDT🚨 $XRP

The world of USD-pegged stablecoins is booming, heading towards a whopping $165 billion milestone! Newcomers like Ethena’s USDe and industry giants such as PayPal and Ripple are shaping this highly competitive field. Ripple, in particular, has its sights set on a colossal $2.8 trillion market by 2028. But amidst this excitement, regulatory scrutiny from the SEC is a significant concern.
Why is the SEC so interested? Let’s explore.
SEC’s “Obsession” With Ripple
Even before its official launch, Ripple’s ambitious stablecoin project has caught the SEC’s attention. The agency recently restated its view on stablecoins as “unregistered crypto assets,” raising doubts about Ripple’s compliance with U.S. securities laws. This concern stems from Ripple’s past dealings with unregistered XRP sales, hinting at potential future violations.

Understanding Ripple’s Strategy
Ripple unveiled its dollar-backed cryptocurrency in early April, presenting it as an “enterprise-grade” stablecoin bridging traditional finance and the crypto space. This upcoming stablecoin, to operate on both the XRP Ledger and Ethereum, is a significant move. However, its name remains a mystery, set to be revealed in June by Ripple’s CTO David Schwartz.

In response to the SEC’s concerns, Ripple argues it has secured licenses from various jurisdictions, some not considering XRP sales as securities transactions. But the SEC dismisses this, likening it to a New York restaurant claiming liquor immunity due to a fishing license in California.
Legal Insight: SEC vs Ripple
The legal standoff is approaching resolution, with the SEC seeking a permanent injunction against Ripple. Central to the SEC’s argument is Ripple’s heavy reliance on selling XRP to On-Demand Liquidity (ODL) customers. A prior ruling found Ripple guilty of violating securities laws through direct XRP sales to institutional investors.
The SEC insists on penalties matching Ripple’s alleged infractions, unlike Ripple’s proposed $10 million settlement. They argue penalties should align with ill-gotten gains, a common practice.
Ripple Remains Optimistic
Despite the legal hurdles, Ripple’s top lawyer, Stuart Alderoty, remains cautiously optimistic about reaching a resolution by year’s end. While criticizing the SEC’s approach, Alderoty acknowledges progress towards closure in the prolonged legal battle.

Do you think the SEC has a valid point, or is Ripple being unfairly targeted?

#XRPUpdate #Xrp🔥🔥 #XRPVSSEC #XRPUSDT🚨 $XRP

Situated just a short distance from the historic city of Oxford, Wytham Abbey stands tall, commanding attention with a price tag of £15 million ($18.7 million). This remarkable estate, affectionately known as the “Effective Altruism Castle,” captured headlines in April 2022 when it was purchased by the Effective Ventures Foundation using funds from Open Philanthropy.
The acquisition sparked discussions about the use of charitable funds for such grand purchases, especially as it came to light that Effective Ventures had financial ties to the FTX Foundation, linked to the controversial figure Sam Bankman-Fried, who faced accusations of fraud.
Despite the controversy, Wytham Abbey is now up for sale, listed at £15 million by Charles Elsmore-Wickens of Savills, highlighting its uniqueness and potential value in the market.
A Closer Look at Wytham Abbey
Covering an expansive 27,000 square feet, Wytham Abbey boasts 27 bedrooms and 18 bathrooms across its 23 acres of land. Adjusted for inflation, the property’s 2022 purchase price now stands at £16.2 million. 
With a history spanning over 500 years, Wytham Abbey has hosted notable figures such as Queen Elizabeth I, Oliver Cromwell, and Queen Victoria. In recent times, it served as a venue for discussions on pressing issues like artificial intelligence risks.
Never Free from Controversy!
Despite financial support from Open Philanthropy, Effective Ventures also received financial support from the FTX Foundation, linked to Sam Bankman-Fried, who was convicted of fraud and sentenced to 25 years in prison. 
However, the foundation settled with the FTX estate, returning the $26.8 million received from them.
Real Estate Market Trends
While, the listing of Wytham Abbey comes amid a cooling trend in the UK’s prime country house market, where prices have dipped by 5% in the first quarter of 2024 compared to the previous year. 
Despite market challenges, sellers are optimistic about the property’s appeal and value in today’s market.

Is Wytham Abbey’s rich history enough to overcome its recent controversy? Share your opinion!

#FTXUpdate #SamBankman-Fried #Ftx❓ #FTT🔥🔥 $FTT

The legal battle between Ripple Labs Inc. and the U.S. Securities and Exchange Commission (SEC) has reached a critical juncture, marked by a significant filing from the regulatory agency. 
The SEC’s final remedies reply brief, along with supporting exhibits filed under seal, is expected to be publicly disclosed in a redacted form by May 8. This filing marks a crucial step as we await the judge’s decision on the matter.
What To Expect On Upcoming Ruling
The upcoming ruling will primarily focus on the SEC’s proposed remedies, which could include placing an injunction on specific Ripple sales, particularly those related to Institutional/ODL (On-Demand Liquidity) transactions. 
A key issue to be resolved is whether a ruling on Institutional sales would affect ODL transactions, potentially validating Ripple’s ODL operations going forward. 
Additionally, the ruling will determine penalties or disgorgement for the alleged securities violations. It’s also expected to clarify the status of post-complaint sales of XRP, specifically those involving ODL. The outcome of this ruling is uncertain, and legal experts are poised to provide insights into potential outcomes.
Questioning Over SEC’s Standing
The sentiment shared by observers questions the SEC’s chances of successfully appealing the summary judgment rulings they previously lost. Notably, the court determined that three out of four types of XRP sales did not qualify as investment contracts under the Howey Test.
Algorithmic sales of XRP on digital asset trading platforms (Programmatic Sales)XRP distributions to Ripple employees and third parties (Other Distributions)Sales of XRP by executives Brad Garlinghouse and Chris Larsen on various digital asset trading platforms
The court’s summary judgment emphasized that XRP itself does not inherently meet the criteria of an investment contract. Although the SEC secured a victory concerning institutional sales, ODL transactions were included in the judgment.
Despite the court’s finding that XRP doesn’t meet the Howey requirements for an investment contract, the SEC won on institutional sales, which also included On-Demand Liquidity (ODL) transactions.
Crucial Dates Ahead
While, the SEC’s final remedies reply brief, along with supporting exhibits filed under seal, is expected to be publicly disclosed in redacted form by May 8. Subsequently, on May 13, parties will file omnibus letter motions to seal related materials.  

A week later, they are expected to submit letter briefs opposing the omnibus motions to seal. According to the official document, redacted versions of all documents will be filed within 14 days of the court’s rulings in the public.
Speculations on Penalties
Speculation surrounding the potential penalties suggests a relatively modest fine, likely less than $50 million, and potentially granting Ripple the green light to continue ODL sales.
However, Jeremy Hogan a well-known attorney, has expressed optimism about a potential resolution by this summer, suggesting a settlement agreement of around $100 million between Ripple and the SEC.

As of now, XRP’s price has responded positively to recent updates, briefly reaching $0.52 before experiencing a slight decline in the past 24 hours.  

Will the SEC’s final brief be the knockout punch, or is Ripple poised for a comeback? Stay tuned for the judge’s ruling!

#XRPUpdate #XRPVSSEC #XRPUSDT🚨 #Xrp🔥🔥 $XRP

The market buzzes with anticipation as the Securities and Exchange Commission (SEC) and Ripple reveal sealed remedial reply briefs and exhibits in their ongoing legal battle. Today, the curtain lifts on redacted versions of these elusive documents, shedding light on the strategic moves between the two giants.
What next? Let’s find out.
Insights from Bill Morgan: Ripple’s Fate in Question
In a recent X post, pro-XRP lawyer Bill Morgan noted the potential implications of a permanent ban on Ripple’s XRP sales. He believes the regulator’s response is more crucial than the penalty. 

A major point of disagreement is the SEC’s assertion of financial harm to institutional XRP buyers due to Ripple’s actions. Morgan carefully examines this claim, raising questions about potential penalties and avenues for appeal.
Permanent Ban Possible?
Digging deeper, Morgan examines the SEC’s push for a permanent prohibition, particularly targeting Ripple’s On-Demand Liquidity (ODL) sales. He outlines the SEC’s stance on Ripple’s business model and potential risks. Additionally, he looks at Ripple’s efforts to challenge the injunction and the SEC’s rebuttals.
Furthermore, he disagrees with Judge Torres’ ruling on ODL sales being classified as investment contracts. At the same time, he also lashes out at Ripple’s argument that they lacked clarity in differentiating these sales from other institutional and programmatic sales during the summary judgment phase.
Ripple now faces the challenge of addressing this issue on appeal, as he expects the court will likely grant a permanent injunction, extending its scope to cover ODL sales.
Jeremy Hogan’s Take
Attorney Jeremy Hogan announced the completion of the Ripple vs. SEC briefs, expressing his view that the SEC’s final response lacked impact. Hogan noted that the SEC did not address ODL sales, merely acknowledged Ripple’s attempt to re-litigate the issue. Furthermore, he mentioned that the SEC did not introduce any new information regarding damages. With the briefs finalized, the anticipation now shifts to the judge’s decision.

XRP Price: Any Hope Left?
The SEC lawsuit has dampened XRP’s price, but there’s hope for a turnaround. Although it’s trading around $0.53, positive news from the Ripple vs. SEC case could push it past $0.55. Derivatives traders are also showing interest, with XRP futures OI increasing by nearly 4% in 24 hours, indicating a bullish trend in the futures market.

We’re all in this together! What are your predictions for the Ripple vs. SEC case?

#XRPUpdate #SECvsRipple #XRPVSSEC #XRPUSDT🚨 $XRP

According to analysis from Altcoin Buzz, several altcoins, including XRP, Tellor (TRB), Render, Singular and Fetch.ai (FET) have recently witnessed substantial whale accumulation, hinting at potential bullish trends ahead. 
XRP, Ripple’s native cryptocurrency, has seen a surge in accumulation by whale addresses in the past week. Addresses holding between 1 million and 10 million XRP have collectively purchased over 90 million tokens, amounting to approximately $48 million. This accumulation by whales has historically influenced price action, often preceding market recoveries and rallies. 
Retail investors also show increasing participation, with the number of addresses conducting transactions on the network rising by 28.8% in the past week. This growing optimism among investors could catalyze further price growth, with XRP currently trading at 54 cents and showing signs of potential upward movement.
Whale Movements Signal Bullish Trends for XRP and TRB
Meanwhile, Tellor (TRB), a decentralized Oracle Network, has seen its market cap nearly double in early May, reaching an impressive $247 million by May 7th. Analysis indicates a notable increase in whale activity surrounding TRB, with a spike in whale transactions and active addresses observed on May 6th.
Despite the potential for profit-taking amidst this growth, crypto analysts remain optimistic about TRB’s price trajectory. Technical patterns suggest a bullish continuation for TRB, with the formation of higher lows in price action indicating a potential surge of over 35% back to over $261.
AI Innovations Propel Altcoin Gains
Other altcoins, such as Render and Singular, have also experienced notable rallies in recent days. Render has surged more than 50% in seven days, while Singular and other AI-related coins like Fetch.ai (FET) and DeepBrain Chain (DBC) have gained between 17% and 23%, outperforming the broader crypto market. 
The correlation between developments in the AI sector and crypto market dynamics suggests growing investor enthusiasm surrounding Nvidia’s performance, with the chipmaker set to report first-quarter earnings on May 22nd.

#XRPUpdate #Tellor #fet.ai #WhaleInsights $TRB $XRP $FET

Analyst Altcoin Buzz stressed that narratives matter in cryptocurrency, especially when some assets like Bitcoin and Solana are rising while others are not moving much. Narratives serve as big clues about how people feel about the market. 
The analyst explained the importance of narratives across four favorite cryptocurrency sectors: AI (Artificial Intelligence), gaming, real-world assets (RWAs), and decentralized private networks (DPIN).
Growth of AI and gaming sectors in the crypto market
Starting with AI, an industry currently valued at $24 billion in the crypto market, he opened up about its potential for further growth. Projects such as Aave and Render were spotlighted as promising contenders within the AI narrative.
Moving on to the gaming sector, the analyst noted its increasing integration with blockchain technology and highlighted the potential for gaming tokens to witness significant growth.
From Real-World Assets to Decentralized Networks
Real-world assets (RWAs) were also cited as a narrative gaining traction, with projects like Terra and Mirror Protocol noted for their innovative approaches to tokenizing real-world assets.
Talking about Centrifuge, he said the coin stands out because it offers real asset funds you can invest in right now. For example, one pool manages the purchase of US treasuries, and another facilitates real estate bridge loans in the United States.
Additionally, the analyst touched upon the significance of decentralized private networks (DPIN), stressing the growing demand for privacy-focused solutions. Projects like Secret Network and Orchid Protocol were highlighted as noteworthy players in this narrative, offering users enhanced privacy and security features.
He said that his pick in this category is Arweave, a leader in decentralized file storage and other Web3 infrastructure. Arweave’s performance has been slightly better than flat, with a modest increase in the last 30 days. The analyst mentioned that his second pick, which concludes his selections for the day, is Hive Mapper. This platform can be likened to the Google Maps of Web3 and operates on the Solana network.

#RWA! #RWACrypto #Altacoins #ai #aicrypto $ICP $AVAX $DUSK

Good news for FTX creditors: FTX Trading and its affiliated debtors have taken a significant stride towards financial recovery by filing their long-awaited amended plan of reorganization nearly two years after filing for Chapter 11 Bankruptcy Protection. This plan represents a pivotal moment in their journey to resolve the aftermath of their collapse in November 2022.
Key Highlights of the Plan
According to the plan, creditors will be fairly compensated, and any disagreements with government and private parties will be settled without long court fights. Specifically, it expects that within 60 days of the plan’s action, 98% of FTX’s creditors will receive at least 118% of their allowed claims in cash. Furthermore, other creditors stand to gain 100% of their allowed claims and substantial compensation for their investments’ time value.
Besides, the possible payment to creditors could bring much cash into the cryptocurrency markets, leading to more activity and greater market trust. The 2% rise in the FTX token (FTT) value right after the plan was announced shows that this is a good sign.
FTX’s Commitment and Financial Position
John J. Ray III, FTX’s CEO and Chief Restructuring Officer, expressed gratitude to all stakeholders and emphasized the firm’s commitment to returning 100% of bankruptcy claim amounts plus interest for non-governmental creditors.
Bloomberg analysts have noted that FTX has accumulated a significant amount of funds beyond what is necessary to compensate for customer losses in the event of its collapse in November 2022. This puts the company in a favorable position for complete recoveries in bankruptcy. The plan outlines FTX’s strategy for distributing all assets linked to its collapse in 2022, irrespective of their present worth.
With assets totaling between $14.5 and $16.3 billion, FTX seems ready to cover its debts. This plan marks a big step forward for FTX’s financial recovery and could positively change the crypto market.
#FTXUpdate #FTT🔥🔥 #SamBankman-Fried #FTT/USDT $FTT

The Securities and Exchange Commission (SEC) has submitted its redacted remedies reply brief along with supporting exhibits, setting the stage for a potentially landmark ruling.
As the legal battle heats up, all eyes are on the impending final judgment that could reshape things for Ripple and similar entities in the cryptocurrency sector.
Ripple’s Legal Woes: A Closer Look
The core of the SEC’s argument hinges on whether Ripple’s past actions are likely to recur. Citing previous court decisions, the SEC underscores the ongoing risk posed by Ripple’s business operations, which continue to involve unregistered sales of its XRP token. 
Since 2013, Ripple’s primary business has revolved around these sales, and the company has plans to issue a new unregistered crypto asset, which further complicates its legal standing.
Ripple’s history of major unregistered dealings, including its Over-the-Counter (OTC) Institutional Sales up to 2020, has been clearly documented in court filings.
Despite no new violations post-2020, the nature of Ripple’s activities makes future infractions a distinct possibility, warranting the need for an injunction to prevent recurrence.
Debating the Merits of an Injunction
The SEC’s filing meticulously addresses Ripple’s counterarguments. Ripple claims it has not acted recklessly and cites the “widespread uncertainty” about the legal status of XRP as a defense. However, the court has previously dismissed this “fair notice” defense, and similar defenses have failed in other related cases against firms like Coinbase.
Ripple also attempted to downplay its liability by highlighting its voluntary cooperation with the SEC since 2013. Nevertheless, the SEC argues that such cooperation does not negate the need for injunctive relief, as past behavior, including defiance of legal advice against selling XRP as an investment, indicates a pattern of disregard for regulatory compliance.
Further complicating matters, Ripple asserts that it has made significant changes to avoid future violations. These assurances, however, are viewed skeptically by the SEC, which argues that Ripple’s changes are insufficient and based on a misunderstanding of legal guidelines on how to structure its sales legally.
The discussion extends to the financial ramifications of Ripple’s actions, where the SEC refutes Ripple’s challenges to the disgorgement of ill-gotten gains.
According to the SEC, Ripple’s failure to disclose certain financial terms has harmed institutional investors, who might have paid less had they been fully informed about discounts and pricing strategies.
#XRPUpdate #SECvsRipple #XRPVSSEC #Xrp🔥🔥 $XRP

🔶 [BSC] DENARIUS
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#Gems #GemsAlert #BSCgems #BSC $BNB

Every day brings something new to the crypto world! Today, Ripple’s big news has everyone talking, especially those in the XRP Ledger community. At the recent XRP Las Vegas conference, Ripple’s Chief Technology Officer, David Schwartz, teased some exciting updates, with a major focus on their upcoming stablecoin.

We’ll get the full scoop on this at the XRPL Apex event in June, and the anticipation is already through the roof among investors and crypto enthusiasts.
Keeping Things Steady: What’s Ripple’s Plan?
Ripple’s stablecoin is tailor-made for institutional investors who want to dive into the XRP Ledger world but are wary of the ups and downs of digital currencies. To calm those nerves, Ripple’s plan is to tie the stablecoin to US dollar deposits, short-term US Treasury bonds, and similar safe assets. This not only makes things more stable but also attracts traditional financial players to join the digital currency game.
Vet, a respected XRP Ledger validator, noted Ripple’s stablecoin’s adaptability and suggested several use cases. This versatility may make it more appealing to non-institutional investors.
Ripple wants to reassure everyone that this stablecoin isn’t about causing problems for XRP. Instead, it’s all about strengthening the whole system around the XRP Ledger, making cross-border payments smoother and more efficient.
Mixed Feelings: Skepticism vs. Excitement
Not everyone is cheering for Ripple’s stablecoin. Tether, a big player in the crypto world, has some doubts, and others, like @WhaleWire, think they might be worried about losing the spotlight. Despite the doubts, the excitement around Ripple’s stablecoin is undeniable, with many thinking it could shake up the whole crypto scene.

XRP Price Analysis
Even with all the excitement and uncertainty, the price of XRP has stayed pretty stable at $0.5317. It’s been on the rise against the US Dollar lately, breaking through key resistance levels at $0.500 and $0.5050. Now, all eyes are on the resistance near $0.5350, with hopes for a strong uptrend past $0.550.
Support levels are holding at $0.5180 and $0.5050, but if things dip, they could test support at $0.4850 and $0.4780. The technical indicators are a mixed bag: the MACD suggests a bit of a slowdown, but the RSI still shows strength, staying above 50.
We want to hear from you! Do you think Ripple’s stablecoin is a positive development for the crypto market overall? Why or why not?

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Amid recent market volatility, analyst Altcoin Buzz has provided a bullish outlook, indicating that the 2024 crypto bull run is gaining momentum. With Bitcoin having stabilized over the past few days, the stage is set for a potential acceleration in the overall market. In a recent video analysis, Altcoin Buzz said that Avalanche (AVAX) is one of the best-positioned altcoins to capitalize on the forthcoming bull run. Here’s a breakdown of why Avalanche stands out:
Avalanche is a layer-one blockchain platform known for its high throughput, scalability, and low transaction fees. Its innovative consensus mechanism, Avalanche consensus, enables fast transaction processing without compromising security. Often referred to as an “Ethereum killer,” Avalanche has been gaining traction since its inception.
AVAX Price Performance:
Despite recent price fluctuations, Avalanche has maintained an impressive 175% increase since April 2023. While currently down from its all-time high, analysts remain optimistic about its potential for a massive rally, especially post-Bitcoin halving.
Recent data suggests that crypto whales have significantly accumulated AVAX tokens, signaling confidence and optimism in Avalanche’s future. Within just three days in April, whales collectively added nearly 52 million AVAX to their portfolios, worth over $2.1 billion.
Other factors that may affect the price:
Avalanche’s Durango upgrade, introduced in February 2024, aims to enhance the network’s efficiency and interoperability. With features like the Teleporter tool, Durango is expected to improve overall performance and developer experience, reinforcing Avalanche’s position in the crypto market.
It is also making strides in the gaming sector, with the popular MMORPG MapleStory debuting on the Avalanche blockchain. Leveraging its scalability and customizability, Avalanche aims to become a leading platform for web3 gaming, offering smoother gameplay and better experiences.

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