Ripple CLO confirms the SEC has not appealed the ruling that XRP is not a security.

Ripple plans to file a cross-appeal against the ruling that institutional XRP sales are securities.

The SEC is appealing other rulings but did not challenge XRP’s non-security status.

Ripple’s Chief Legal Officer, Stuart Alderoty, has confirmed that the SEC has not appealed the court’s ruling that XRP is not a security. This unchallenged decision remains a major victory for Ripple and XRP holders, as it ensures that XRP itself will not be subject to further scrutiny under securities law in the SEC’s ongoing case.

However, Ripple isn’t stopping there. Alderoty revealed that the company plans to file its own Form C next week, launching a cross-appeal against the court’s ruling on institutional sales of XRP. The court had previously determined that these sales constitute securities, leading to a $125 million fine imposed on Ripple in the final ruling delivered in August.

Ripple aims to contest this judgment, especially as the SEC has officially appealed several rulings that favored Ripple in the four-year-long case.

Details of SEC Appeal

The SEC …

The post SEC Leaves Key XRP Ruling Unchallenged, but Ripple Prepares Cross-Appeal appeared first on Coin Edition.

The ongoing saga between Ripple and the U.S. Securities and Exchange Commission (SEC) continues to capture attention, particularly after the…

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An analyst presumes that if XRP continues growing with the same percentage rate by March 2025 or Q1 2025, then price targets of $6.40 and $27 will be seen. This is based on historical price actions because XRP can be seen rallying within such a time frame. Though the targets appear quite ambitious, he uses previous performance as a sign for future gain and is setting up major growth opportunities for the owners of XRP.

According to crypto expert Egrag Crypto, XRP, which is currently trading at $0.53, has experienced impressive surges of 3,300% and 700% at different times, suggesting that significant price movements could happen as we approach March 1, 2025, or even sooner in the first quarter. Crucially, these forecasts are backed by technical analysis, chart patterns, and liquidity assessments, rather than mere optimism.

#XRP Bifrost Bridge ($6.4 & $27 Targets):

I know 95% of the #XRPArmy is feeling exhausted from the ongoing #SEC manipulation and the appeals process, which has been overwhelming due to misleading submissions and numerous delays.

But forget all of that noise! The real… pic.twitter.com/FQ6mOe83ET

— EGRAG CRYPTO (@egragcrypto) October 18, 2024

Technical Analysis And Market Sentiment

The forecast is mostly on-chain metrics about Bifrost Bridge moving up, almost in the same direction with big stocks as that of FANGMAN.

FANGMAN includes seven of the biggest tech companies or tech mega-caps of the world — Meta (Facebook), Amazon, Netflix, Alphabet (Google), Microsoft, Apple and Nvidia. FANGMAN stocks are high alpha counters, which usually depend on growth and future guidance.

This comparison says that even if it’s going through tough regulations and issues with the courts, XRP might be one of the biggest long-term benefits an investor could ever have by closing out the noise and just focusing on the data.

This move will have the pending case in the SEC cast as a huge boulder for the investors in XRP, with constant appeals and delays testing the patience of many investors. However, Egrag urges the XRP Army to keep moving forward with undivided attention.

Instead, it’s important to focus on these cycles and levels of liquidity since they are actually capable of providing various positive insights concerning long-term price trends. With this in mind, the wise investor would be able to determine the direction XRP’s price is headed.

A Resilient XRP Community

The litigation to be heard against the SEC will take time, but the battle will prove to be short-term when one weighs this against the long-term potential of the cryptocurrency.

What is different about the XRP community, which calls itself the XRP Army, from many other crypto communities, is its strength and resilience. Where the crypto communities often flinch before a challenge, the XRP Army holds the line in arguing for the utility value of XRP in real-world applications.

These analysts believe the community is flexible, emotionally supportive, and forward-looking, making them one of the most informed groups in the cryptocurrency landscape.

The Campaign For Clarity In The Crypto World

People are now calling for better cryptocurrency regulations that would push the XRP acceptance into the financial ecosystem, bring about higher community engagement, and prepare the cryptocurrency for practical adoption.

The optimism toward the long-term future of the cryptocurrency is barely dented by the legal battles and market volatility since the XRP community believes in the projections by Egrag Crypto through optimistic price targets, which are based on past data and current trends.

Featured image from Pexels, chart from TradingView

Source: NewsBTC.com

The post XRP Could Skyrocket Over 4,000%, Analyst Forecasts Price Hitting $27 appeared first on Crypto Breaking News.

According to Odaily, Ripple's Chief Legal Officer Stuart Alderoty recently commented on the U.S. SEC's formal appeal in the Ripple case, affirming that the ruling which determined XRP is not a retail security remains unchanged. Alderoty stated on X, 'This is not surprising at all—once again, everything is clear. The court's ruling that 'XRP is not a security' has not been appealed. This decision is the law of the land.'In its appeal, the SEC has challenged several key rulings, including the decision that Ripple executives Brad Garlinghouse and Chris Larsen's non-cash XRP distributions and sales did not violate securities laws. Ripple plans to file its own Form C next week as a cross-appeal against the institutional sales ruling. Both parties are preparing for an extended appeals process, which could impact the future classification and regulation of digital assets.Previously, it was reported that the U.S. SEC had formally appealed Judge Analisa Torres' ruling on XRP. On Thursday, the regulatory body submitted Form C to the U.S. Court of Appeals for the Second Circuit.

In the legal battle between Ripple and the United States Securities and Exchange Commission, the SEC has filed the Civil Appeal Pre-Argument Statement (Form C) with attachments this week.

Notably, the document filed by the SEC was dated Oct. 16, but the court's file stamp marks the document as received Oct. 17, leading to questions about the significance of these dates and the appeal deadline.

The SEC's filing of the Form C civil appeal is a crucial step in its efforts to contest the July summary judgment ruling in favor of Ripple, viewed as a landmark decision for the crypto industry.

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The SEC is appealing the summary judgment ruling on: Ripple's XRP sales through exchanges, Ripple's distribution of XRP to employees and others and Ripple executives Brad Garlinghouse and Chris Larsen's sales of XRP on exchanges. Stuart Alderoty, Ripple's chief legal officer, noted that the SEC's Form C does not appeal the ruling that XRP is not a security.

However, the SEC appeal's exact filing date has raised questions. With the SEC's document dated Oct. 16, but the court's official filing date being a day later, speculation has emerged about whether the SEC met the appropriate deadline for its appeal.

SEC veteran weighs in

Former SEC regional director Marc Fagel has weighed in on the matter, stating that the discrepancy between the document’s date and the court’s file stamp remains irrelevant.

Or to put it another way--if a lawyer files something early, it's not like all the other deadlines move up in response. File on day 1 or day 14, the opposing brief is still due the same date; the hearing is the same date; etc. Nothing is delayed & nobody is prejudiced by waiting.

— Marc Fagel (@Marc_Fagel) October 19, 2024

Fagel was responding to an X post by XRP community member Jungle which cited the SEC saying that the late filing was timely, "An SEC spokesperson clarified that the recent filing in question was indeed submitted on time, despite discrepancies in the timestamp on Form C.Per MetaLawMan, since the filing hasn’t been rejected yet, it’s likely the court will accept it. Now, all eyes are on Ripple for their response next week," his post read.

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In response, Fagel highlights that this might be irrelevant. "You seriously overestimate how much SEC attorneys care about what people are saying on Crypto Twitter. They pulled together the materials Wednesday morning (as the evidence shows); why it took so long for it to show up on the docket nobody quite understands, but it's irrelevant," he stated.

Fagel further stated: "Or to put it another way, if a lawyer files something early, it's not like all the other deadlines move up in response. File on day 1 or day 14, the opposing brief is still due the same date; the hearing is the same date; etc. Nothing is delayed and nobody is prejudiced by waiting."

According to Cointelegraph: On October 18, 2024, the United States Securities and Exchange Commission (SEC) approved applications from the New York Stock Exchange (NYSE) and Chicago Board Options Exchange (CBOE) to list options for spot Bitcoin exchange-traded funds (ETFs). This approval makes options trading available for 11 Bitcoin ETF providers, marking a significant milestone for the cryptocurrency market.BTC/USD, 1-year chart. Source: CointelegraphSurge in ETF Liquidity ExpectedThe approval is expected to significantly increase liquidity in Bitcoin ETFs, which have already seen strong institutional demand. QCP Capital, in an October 19 research note, emphasized the importance of this move, stating that ETF inflows will likely surge as a result:“The consistent inflows into the ETF highlight that institutional demand remains strong. With this morning’s SEC approval for BTC ETF options to be listed on the NYSE, we believe this will provide the ETF with the needed liquidity to attract sustainable inflows.”Bitcoin ETFs have already accounted for around 75% of new investment in the cryptocurrency, particularly in 2024 as Bitcoin surpassed the $50,000 mark. The additional liquidity from options trading could push Bitcoin to a new all-time high, surpassing its previous record of over $68,000.BTC/USD, 1-week chart. Source: Rekt Capital2024 US Presidential Elections: Risk-On SentimentAs the 2024 US presidential elections approach, QCP Capital anticipates a significant boost in risk-on sentiment, which could propel Bitcoin and other cryptocurrencies higher. The firm noted that risk assets typically rally during such periods of political uncertainty:“With US equities close to all-time highs and the Japanese yen on a fresh weakening trend, risk-on sentiment will only grow stronger as we approach the US election. This will propel risk assets higher and support our Uptober narrative.”Bitcoin is already benefiting from the increased risk appetite, with former President Donald Trump's odds of winning the election rising to 60.2%, according to recent reports.Bitcoin Eyes Weekly Close Above $68,700 for BreakoutTo confirm a potential breakout from its current trading range, Bitcoin must close the week above $68,700, according to popular crypto analyst Rekt Capital. The analyst noted in an October 18 X post:"On the cusp of confirming a breakout beyond the multi-month channel top resistance. A weekly close just like this would be bullish."This bullish sentiment is supported by positive ETF inflows, with Bitcoin ETFs surpassing the $20 billion milestone in total net flows on October 17. In contrast, it took Gold-based ETFs nearly five years to reach the same level.With the approval of Bitcoin ETF options, increased liquidity, and growing market interest, Bitcoin seems poised for a potential breakout as it approaches the $70,000 threshold.

Pro-Ripple lawyer John Deaton came out to defend XRP during a heated debate with Massachusetts Senator Elizabeth Warren. During the debate, Deaton defended his role in representing Ripple against the lawsuit filed by the US Securities and Exchange Commission (SEC), saying he wanted to protect retail investors.

“I sued the government because the SEC had done something really bad to small retail investors, and a lifelong Democratic judge agreed with me. I did it all pro-bono, and this token XRP was called legal because of my work,” Deaton stated.

The attorney further noted that after XRP’s win, Ripple co-founder Chris Larsen donated $1M in XRP tokens to US Vice President Kamala Harris’s campaign team. As ZyCrypto reported, this marked the first documented crypto donation to the Harris campaign.

“If I didn’t do what I did, sue the SEC on behalf of small retail investors, that donation to [Harris] would not have happened,” Deaton added.

Deaton further noted that one reason he became pro-crypto was to support the unbanked and “cut out predatory banks.” He also called out Warren over claims that she planned to build an anti-crypto army, saying there were more pressing issues that the state needed to deal with.

Warren says she is “fine” with crypto

Warren defended her stance on the cryptocurrency industry, saying she was “fine” with people trading crypto. However, she also opined that the industry needed to follow the same rules as banks, stock brokerage companies, and other financial institutions.

The Senator stated that some guidelines needed for the crypto industry include having consumer protection laws while ensuring the industry is not used for terrorism financing, drug trafficking, and human trafficking.

“I am all for having a crypto system if people want to buy and sell crypto. All I want are just some basic fair rules. The same kind of fair rules that apply to all our financial institutions,” Warren stated.

However, Warren alluded to Deaton being overly biased towards crypto after receiving donations from the industry and stating that most of his wealth was held in digital assets.

The recent issues raised during the debate shed light on the growing debate around cryptocurrencies as the US election draws near. Republican Presidential candidate Donald Trump has made multiple efforts to appeal to the crypto community, including plans to have a US Bitcoin strategic reserve. Harris has also vowed to support the creation of a crypto regulatory framework.

The volatility of the crypto market is not new, while Ripple(XRP) is in a period of continuous legal disputes, in particular, the SEC of the U.S. is a significant cause of the problem. Thus, Ripple, which originally seemed as a perfect choice for investors, had less possibility of arbitrage with its big market cap and uncertainties over its ETF approval. While ruling out Ripple from the top alternatives, analysts start to see the high-potential AI-oriented DeFi project, IntelMarkets (INTL), as a vital source of income that will disrupt the trading market.

Ripple (XRP): Can It Survive the Legal Drama?

Ripple (XRP) was once the key fighter of insecurity in the crypto space, particularly in terms of cross-border payments. However, Ripple’s XRP price has been unable to return to the previous highs, which in large part stems from the long-term court case of the SEC that has unfolded. The maximum price of Ripple was back in 2018 at $3.84 and now it’s changing hands at around $0.55, noting a 1.5% increase in the previous week.

Meanwhile, the SEC has made news with an appeal against Judge Torres’s earlier decision. Specifically, Stuart Alderoty revealed they are not challenging the court ruling declaring XRP not security. This may result in a bullish prompt over the weekend, pushing XRP’s price over the $0.6 resistance.

IntelMarkets (INTL): A Game-Changer With 10x Potential

IntelMarkets (INTL) is an alternative that enthusiasts of high-growth investing can turn to. The fact that it is an AI-led DeFi project and that it incorporates AI into every aspect of its trading platform gives it an edge over other projects. The trading platform’s computing speed is amazing because it provides access to the best trading algorithms. By using AI and blockchain technology, INTL aims to change the traders of the $36 billion crypto trading market.

Currently, IntelMarkets tokens are in the presale stage and are being offered at a low price of $0.027, which makes them very enticing to first investors. The leading market analysts expect that the first IntelMarkets tokens will target the most prestigious exchanges and will therefore yield a 10-fold profit which would be far better than the unimpressive one proposed by XRP.

Conclusion

The continuous SEC drama keeping Ripple (XRP) in the loop is reflecting its unstable future with a very small upside potential. Whereas, IntelMarkets (INTL) with its AI-DeFi innovative tool has the potential to be in the big league, thus becoming the best option for investors aiming for huge returns.

Buy Presale

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The post Ripple’s ETF Drama vs. IntelMarkets’ 10x Rocket Ride—The Clear Winner Amid XRP’s SEC Chaos appeared first on Blockonomi.

A famous crypto whiz kid who made $2.5 million in profits for accurately predicting a 1,900% XRP price appreciation during the 2021 bull markets is making the rounds in the crypto industry with his bullish altcoin forecasts for ETFSwap (ETFS) viral presale token to yield 11,000% gains to investors in the 2024/2025 crypto summer.

XRP Price Faces Regulatory Hurdles, Receives Forecast from Crypto Whiz Kid To Rally Behind ETFSwap (ETFS) This Bull Run

XRP price trading at $0.54 has received forecasts to rally behind the ETFSwap (ETFS) altcoin in the 2024/2025 crypto bull run. According to crypto whiz kids and veterans, XRP price forecasts to fall behind ETFSwap (ETFS) among a few select altcoins; this bull run stems from its ongoing regulation hurdles and battles with the Securities Exchange Commission (SEC). 

Nevertheless, the XRP price could experience a 5x rally among altcoins when ETFSwap (ETFS) surges 11,000% in the 2024/2025 bull run.

ETFSwap (ETFS) Will Create Millionaires With An 11,000% Mega Altcoin Rally In Q4 2024, Crypto Whiz Kid Reveals 

ETFSwap (ETFS) is on a bullish mission to create many millionaires in the 2024/2025 crypto summer as its viral ICO token, selling for an affordable $0.03846, receives 11,000% altcoin rally forecasts from a crypto whiz kid, famous for his accurate predictions of XRP’s price surge in 2021. ETFSwap (ETFS) is also strategically positioned on a growth pedestal as crypto veterans tout its viral ICO token launch alongside a next-generation DeFi platform in the last quarter of 2024 as a groundbreaking event for crypto.

ETFSwap (ETFS) beta platform launch is one to look forward to as it is packed with staking features and liquidity pools that will generate passive income for users staking crypto tokens and exchange-traded funds (ETFs). ETFSwap (ETFS) users will earn as much as 87% APR in staking yields. ETFSwap (ETFS) developers have completed backend development of the beta platform. They have also launched the beta platform on Testnet to test and fully optimize its DeFi functionalities. 

Following the launch on Mainnet in the coming weeks, ETFSwap (ETFS) users will gain unlimited access to buy and sell popular altcoins and exchange-traded funds at the lowest transaction fees. The DeFi platform will feature a live ETF price tracker with the best market quotes of exchange-traded funds (ETFs) and cryptocurrencies. ETFSwap (ETFS) DeFi platform users will receive multiple trading incentives when they swap the ETFS altcoin for high ROI tokenized ETFs, including Ishares, spot Bitcoin, spot Ethereum, Vanguard, commodity, bonds, equity, market and fixed income ETFs, among others that will be listed on the DeFi platform. 

ETFSwap (ETFS) will scale the profitability of ETF traders by providing them with a 100x trading booster, which they can use to amplify ROI on tokenized ETFs by up to 50,000%. The DeFi platform is user-friendly and will facilitate the easy management of traders’ and investors’ portfolios. ETFSwap (ETFS) will open 24/7 to crypto and ETF traders and support perpetual contracts trading of Bitcoin, Ethereum, Dogecoin, and XRP price volatilities, among others. The ETFSwap (ETFS) DeFi platform will drive liquidity from traditional finance sectors by creating an inclusive trading environment where users can tokenize their real-world assets (RWA) and trade them on-chain. 

Crypto and ETF traders using ETFSwap (ETFS) will enjoy optimal trading liquidity. They will also enjoy instant settlements of their tokenized funds when they initiate withdrawals. The second phase of the ETFSwap (ETFS) beta platform will feature artificial intelligence (AI) powered tools such as the ETF Finder that ETF traders can use to easily find tokenized ETFs that meet their investment preferences and goals. 

The ETFSwap (ETFS) DeFi platform is highly secure as its smart contracts audited by CyberScope reveal no security threats or vulnerabilities. ETFSwap (ETFS) developers are certified DeFi experts who have also completed KYC with the SolidProof audit firm.

Conclusion 

The ETFSwap (ETFS) viral ICO token presents a guaranteed investment pathway for investors to make generational wealth amid XRP price hurdles as it receives forecasts from a famous crypto whiz kid to rally 11,000% and outperform a majority of altcoins during the 2024/2025 crypto bull run.

For more information about the ETFS presale,Visit ETFSwap PresaleJoin The ETFSwap Community

The post Crypto Whiz Kid Who Netted $2.5 Million By Accurately Predicting XRP Price Appreciation Forecasts 11,000% Run For $0.03846 Altcoin appeared first on CoinChapter.

The post XRP News: Ripple’s SEC Settlement Faces Backlash from Legal Experts appeared first on Coinpedia Fintech News

Lawyer Fred Rispoli has openly criticized Ripple’s CEO, Brad Garlinghouse, and executive chairman, Chris Larsen, for settling part of the SEC’s charges instead of fighting them all in court. He believes they missed a big chance to fully defend themselves, especially against the “aiding and abetting” claims. According to Rispoli, Ripple had a strong case, and a full trial might have worked in their favor since the SEC didn’t have enough solid evidence. 

Missed Opportunity for Key Witnesses

Rispoli also noted that if the Ripple executives had gone to trial, key figures like former SEC chairman Jay Clayton could have been called to testify. This might have provided important insights into how the SEC views cryptocurrencies like XRP. These testimonies could have strengthened Ripple’s defense and helped other crypto companies in future legal battles.

Ripple’s Counter Strategy

Ripple is now filing a cross-appeal to challenge parts of a 2023 court decision. While the judge ruled that XRP sales to regular investors were not securities, the SEC is still trying to challenge some aspects of the ruling, especially regarding institutional sales. Ripple’s legal chief, Stuart Alderoty, is confident they will come out on top, saying their case looks even stronger now. This keeps XRP in a strong position in the market, free from immediate regulatory threats, allowing investors to remain hopeful about its future.

Questions About the SEC’s Filing Deadline

There’s been some debate about whether the SEC submitted its appeal on time. Some people noticed that the SEC filed its brief a day late, but the agency insists it met the deadline. Importantly, the SEC’s appeal doesn’t challenge the decision that XRP is not a security when sold to retail investors, meaning that part of the ruling remains untouched.

What’s Next for XRP?

XRP traded around $0.55 on Friday, showing a small gain of less than 1%. Traders are reacting to the SEC’s appeal in the Ripple case, which doesn’t question XRP’s status as a non-security, confirmed in the July 2023 ruling. This legal clarity is good news for XRP, and there’s hope it might lead to approval for an XRP ETF in the U.S. Technical indicators suggest XRP could rise by 10%, with a target of $0.60. Support might be found at $0.5319 or $0.3843 if prices drop.

Do you believe this is a major roadblock for the XRP Price?

Ripple is gearing up to file its Form C next week. This move comes in the wake of the U.S.…

For the full story, head over to TheCurrencyAnalytics.com.

The Ripple vs. SEC battle has been going on for a long time. This legal fight is shaking up the crypto world and could have major effects on XRP’s price. With ongoing appeals and a long timeline ahead, everyone is wondering what will happen next. Let’s take a closer look at this trial, its possible outcomes, and what it might mean for XRP and the market.

Ripple and SEC’s Fight: What’s Going On?

The U.S. Securities and Exchange Commission (SEC) is still going after Ripple. It recently appealed the court’s decision that XRP is not a security. However, the appeal didn’t challenge this specific ruling, which is good news for Ripple and the XRP community. Ripple is preparing its own appeal, and both sides are now locked in a long legal process that could go on until 2025.

Even though the SEC is appealing other aspects of the case, Ripple is standing firm. The trial is set to shape the future of XRP, but as of now, the coin’s status as a non-security remains intact. This decision is big for the whole crypto market, as it sets an important precedent.

XRP Price Faces Volatility

When it comes to XRP, expect volatility. Market analysts are predicting that XRP could face swings between $0.50 and $0.80 for the rest of the year. This fluctuation is closely tied to developments in the Ripple trial. As the legal battle drags on, investors are keeping a close eye on every move the SEC and Ripple make.

There’s also a lot of uncertainty, and that’s causing some traders to play it safe. Whenever there’s legal drama, the market tends to react, and XRP is no exception. The volatility isn’t going away anytime soon, so buckle up for a bumpy ride.

How Will the Trial Impact XRP’s price?

The trial’s outcome could be a game-changer for XRP’s price. If Ripple wins more victories in court, we might see a price surge. Some experts are optimistic that XRP could reach $1, especially with new developments like Ripple’s partnerships and projects. On the flip side, if things go bad for Ripple, XRP could take a hit.

This makes XRP one of the most closely watched coins in the market. Every court decision could send waves through the crypto world. Whether it’s good news or bad, XRP holders are in for some excitement.

Market Volatility and XRP’s Future

The crypto market loves volatility, and XRP is no stranger to it. The SEC trial is just one of many factors that could push XRP’s price up or down. Other elements, like new regulations and global adoption of Ripple’s technology, are also in play. The market seems to be holding its breath, waiting for concrete results from the trial.

Ripple is working on projects like a stablecoin and expanding its partnerships. These moves could help stabilize XRP in the long run. However, until the trial wraps up, volatility is likely to stick around.

The Road Ahead for Ripple and XRP

The Ripple vs. SEC trial isn’t ending anytime soon, and XRP will remain in the spotlight. With potential legal outcomes affecting its price and the market watching closely, it’s hard to predict exactly where things will go. But one thing is certain: the digital asset is in for a wild ride.

If Ripple continues to secure wins in court, the future could be bright. The trial is one of the biggest stories in the crypto world, and its outcome will shape not just Ripple’s future, but the broader market as well. Keep an eye on XRP, because things are about to get interesting.

XRP holders have received a wave of positive news after the U.S. Securities and Exchange Commission (SEC) revealed its decision…

For the full story, head over to TheCurrencyAnalytics.com.

The Bitcoin price climbed 2% in the last 24 hours to trade at $68,784 as of 11:20 p.m. EST on trading volume that dropped 2% to $33 billion.

This comes after the Securities and Exchange Commission (SEC) approved Bitcoin ETFs (exchange-traded funds) for the New York Stock Exchange (NYSE) and Chicago Board Options Exchange (CBOE). The approval is seen as a step in integrating digital assets into traditional finance.

Bitcoin Price Could Continue Soaring

The Bitcoin price chart shows a bullish reversal pattern after a recent period of consolidation. The bulls seem to be capitalizing on the support around $59,800, which formed a double bottom pattern, according to data from GeckoTerminal.

As a result of the rally, BTC now trades above both the 50-day and 200-day Simple Moving Averages (SMAs).

The RSI is at 66.55, approaching the overbought zone (above 70). This suggests that the market has strong bullish momentum, but it is getting closer to overbought conditions. A value above 70 could signal that the asset is overbought, and a correction or consolidation might follow.

The overall outlook for WBTC/USD is bullish in the short to medium term. The double bottom pattern, price above key moving averages, and strong RSI all suggest continued upward momentum.

A sustained bullish momentum could see BTC price soar to the next possible resistance level at $72,000.

BTCUSD Chart Analysis Source: GeckoTerminal.com

However, caution is warranted as the RSI approaches overbought levels, which may lead to short-term pullbacks or consolidation before the next move higher. In a bearish scenario, the 200-day SMA at $63,142 could act as a cushion against downward pressure.

As the bitcoin price bulls aim to sustain the bullish rally, investors looking for new opportunities might want to consider a new meme coin ICO called Flockerz (FLOCK).

According to 99Bitcoins, a popular crypto channel on YouTube with over 706K subscribers, $FLOCK has the potential to soar 100x after its launch.

Flockerz Heads For $1 Million In Presale

Flockerz, which has raised more than $858k, introduces an innovative decentralized community structure that allows holders to participate in guiding the project’s direction and get rewarded for it via its Vote-to-Earn (V2E) mechanism. 

This feature empowers the community and creates a more engaged and dynamic ecosystem.

The underlying framework of Flockerz is anchored in a decentralized autonomous organization (DAO) called Flocktopia, where every holder’s voice matters.

To participate in the voting process, users must buy $FLOCK tokens. When a new suggestion is presented, members of The Flock vote.

The flock is flying high! We’ve officially crossed $300K! pic.twitter.com/MsLc5PeoyX

— Flockerz (@FlockerzToken) September 28, 2024

Apart from V2E rewards, users can earn passively through the platform’s staking mechanism, with a sky-high annual yield of 2,090%.

Investors interested in joining the presale can visit the official Flockerz website to buy FLOCK tokens at the current price of $0.0058161 each using BNB, ETH, or USDT. You can also make a purchase using your bank card. 

Buy before a price hike in less than 3 days to secure the best deal.

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A U.S. district judge has approved several significant orders in the ongoing lawsuit between Binance and the U.S. Securities and…

For the full story, head over to TheCurrencyAnalytics.com.

According to Cointelegraph: On October 18, the SEC approved the long-awaited applications from both the NYSE and CBOE to list options for spot Bitcoin exchange-traded funds (ETFs). This groundbreaking approval covers 11 key Bitcoin ETF providers, including Fidelity Wise Origin Bitcoin Fund, ARK21Shares Bitcoin ETF, and BlackRock's iShares Bitcoin Trust ETF.Key Market Players and Potential ImpactsThe launch of Bitcoin options trading for ETFs is expected to significantly enhance market liquidity, as investors now have more tools to manage risk and hedge their positions. According to Jeff Park, an executive at Bitwise, this marks a major improvement over existing platforms like LedgerX and Deribit, which lack the backing of central guarantors.Source: Securities and Exchange CommissionThe approval of options could also lead to potential short squeezes. Overleveraged short traders may be forced to buy Bitcoin to cover their positions, pushing prices even higher. Park noted that even massive assets like Bitcoin, worth over $1 trillion, can be moved by market dynamics if enough traders pull in one direction.Additionally, Tom Dunleavy, managing partner at MV Global, highlighted that Bitcoin options could help reduce the cryptocurrency’s high volatility, smoothing out market fluctuations over time.Market Outlook: Bitcoin ETF Options as a Game ChangerWith the SEC’s approval, Bitcoin options will now be classified similarly to other commodity-based ETFs. This decision represents a significant development for Bitcoin markets, providing more sophisticated financial instruments for institutional and retail investors. As options trading becomes available, the overall market may experience more price stability and greater investment interest, potentially driving Bitcoin toward new highs.As the market continues to evolve, approving Bitcoin ETF options could be a pivotal moment in bringing traditional financial strategies and risk management tools to the rapidly growing cryptocurrency sector.

The post Ripple News: Court Set to Accept SEC’s Form C Filing; Spokesperson Denies Backdating Allegations appeared first on Coinpedia Fintech News

The SEC has shared details about its appeal in the Ripple XRP lawsuit, confirming its intention to challenge a recent court decision. They filed a Form C on October 16, but there’s some confusion because the court’s stamp on the document shows it was filed on October 17. This discrepancy has raised questions about the timing and ethics of the filing.

Fox Business journalist Eleanor Terrett noted that many are questioning whether the SEC missed the filing deadline. However, she clarified that a SEC spokesperson said, “It was filed on time.” Legal expert MetaLawMan mentioned that since the filing hasn’t been rejected yet, it likely means the court will accept it.

Many people have questioned whether the SEC missed its filing deadline in the Ripple XRP case, even though the SEC maintains that it filed on time. Former SEC lawyer Marc Fagel pointed out that the attachments to the filing were pulled together at 8:47 a.m. on Wednesday.

Fagel noted that it’s common for attorneys to work up until the deadline, and the timing of when documents appear on the court docket can be unclear. He said that this is simply how litigation works. If anyone has a way to change this process, many lawyers would appreciate it. Ultimately, while there’s speculation about the SEC’s filing timing, it’s important to recognize the typical practices within the legal profession.

Ripple’s CLO Stuart Alderoty reacted to the same and said, “No surprises here — once again it’s been made clear. The Court’s ruling that “XRP is not a security” is NOT being appealed. That decision stands as the law of the land.”

There are still unanswered questions about when exactly the documents were filed and when they will be publicly available, but the SEC has indicated they will be released soon. 

XRP continued to trade in a tight consolidation pattern on Saturday, hovering around $0.54. Over the past three weeks, XRP has been range-bound, mostly trading between support at $0.52 and resistance near $0.56.

Looking at the longer-term chart, XRP has been in a period of relative stability following the significant price surge and subsequent correction seen in early 2021. Volume has been moderate, suggesting a balance between buyers and sellers as the market awaits a potential catalyst for the next directional move.

However, the recent uptick in community sentiment, with 85% bullish according to CoinMarketCap data, indicates growing optimism among XRP holders. This positive sentiment could be attributed to recent developments in the crypto space, such as the news about various spot XRP ETF filings, which may have broader implications for the cryptocurrency market as a whole.

Meanwhile, this consolidation phase has caught the attention of market analysts, with some anticipating a potential breakout in the near future. Crypto analyst Egrag Crypto shared a bullish outlook, suggesting that XRP could see a significant move within the next 15 to 30 days, with an absolute maximum timeframe of 70 days.

“Here’s the good news: as time ticks by within the White Triangle and Yellow Triangle (break-out target $0.61-$0.62), the breakout point is getting lower. XRP has MAX-MAX 70 days left to reach the final pinnacle of the breakout point. I can say with a high degree of conviction that a breakout is coming within the next 15-30 days. The pressure is building, and it won’t stay contained for long.” He tweeted.

Egrag’s forecasts come amid heightened concern over the ongoing legal battle between Ripple and the SEC. In a previous update, he acknowledged the anxiety surrounding the SEC appeal, assuring investors that the market was still presenting opportunities.

While Egrag’s predictions suggest optimism, he also cautioned that XRP needs to maintain critical support levels. “On a macro level, as long as XRP doesn’t lose $0.28, we’ve got nothing to worry about,” he explained. However, he indicated that until XRP closes above $0.75, a full-blown bull run is unlikely.

Meanwhile, while short-term predictions focus on breaking above immediate resistance levels, longer-term projections are considerably more ambitious. Egrag’s analysis includes a post-breakout target of $7.50, contingent on XRP maintaining critical support levels and successfully navigating ongoing regulatory challenges.

Since mid-July, XRP has been navigating a wide price range influenced by ongoing regulatory uncertainties. Following a brief rally in early September, during which XRP exceeded the 50-day EMA and closed above resistance at $0.62, the cryptocurrency faced renewed downward pressure as Bitcoin (BTC) weakened. XRP found temporary support at the 50-day EMA before again succumbing to BTC’s decline, subsequently testing support at $0.52.

Recent technical analysis reveals that XRP may have located support within the range of $0.50 to $0.5150. The Relative Strength Index (RSI) sits at a notably low 28, indicating an oversold condition. Historically, such conditions can signal a potential trend reversal. Additionally, the MACD shows signs of decreasing negative momentum, suggesting a possible upward shift is on the horizon.

XRP was trading at $0.5475 at press time, reflecting a 0.11% surge over the past 24 hours.

The United States Federal Bureau of Investigation (FBI) has arrested an individual responsible for posting a fake tweet announcing the Securities and Exchange Commission’s (SEC) approval of spot Bitcoin exchange-traded funds (ETFs) earlier this year.

According to a press release by the United States Attorney’s Office for the District of Columbia, authorities have charged the 25-year-old Eric Council with conspiracy to commit aggravated identity theft and access device fraud.

FBI Arrests Man Behind Fake SEC Tweet

While the crypto community heavily anticipated the SEC’s approval of the first U.S. spot Bitcoin ETFs on January 9, Council got hold of the agency’s X account and posted a fake announcement that the products had been approved for trading.

The news caused bitcoin’s (BTC) price to rally $1,000 to $47,800 within minutes. However, the asset quickly lost $2,000 and fell to $45,400 after the SEC debunked the tweet, revealing that hackers had compromised its X account and made the unauthorized post.

Upon investigation by several U.S. agencies, authorities found that Council and his co-conspirators gained control of the SEC’s account via a Subscriber Identity Module (SIM) swap attack.

A SIM swap involves combining social engineering tactics to transfer a phone number from a SIM card belonging to a victim to another SIM card controlled by cybercriminals. This enables the hackers to exploit weaknesses in security procedures like two-factor authentication and gain access to victims’ accounts and private information.

How Did Council Attack the SEC?

A complaint by the U.S. Attorney’s Office accused Council of using the stolen identity of a person who had access to the SEC’s X account to take over their phone number. Council, who also goes by the online pseudonyms Ronin, Easymunny, and AGiantSchnauzer, allegedly obtained the SEC employee’s personal identifying information (PII) from his co-conspirators.

The defendant then used the PII to create a fake ID, which he used to conduct the SIM swap at a cell phone provider store in Huntsville, Alabama. Council subsequently purchased a new iPhone and used the new SIM card and the mobile device to obtain access codes to the SEC’s X account.

After posting the fake tweet, Council allegedly received BTC payment from his co-conspirators for a job well done and eventually returned the iPhone for cash.

Notably, Council became paranoid after the incident and conducted internet searches for how to know “if I am being investigated by the FBI.” He is expected to appear in court in the Northern District of Alabama on Thursday.

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