Is XRP Ready for a Comeback? New ETF Hopes, SEC Battles, and Market Forecasts
XRP has been back in the spotlight recently, as the cryptocurrency faces regulatory twists, fresh ETF filings, and ongoing speculation about its future. Yet, despite the buzz, XRP’s price remains at a stagnant $0.51 – the same level as six years ago. Can this coin rally again?
XRP ETF: A Breakthrough or Wishful Thinking?
On November 1, 2024, asset manager 21Shares filed an application with the SEC to launch an XRP ETF, offering investors a new, indirect way to engage with XRP. But with SEC skepticism high, approval isn’t expected anytime soon. In fact, the SEC recently appealed a decision that ruled XRP is not a security in retail sales, a move that could stall ETF progress and stir market uncertainty.
Price at $0.51: A Golden Opportunity?
XRP's current price of $0.51 is critical – some analysts argue it could go either way. Optimistic forecasts set XRP’s year-end price at $1.71, marking a 250% gain, with potential for $4.20 by 2030. But is this optimism justified?
Memecoins on the Rise: Is XRP Losing Its Edge?
While XRP battles regulatory challenges, newcomers like Pepe Unchained are capturing investor interest. Unlike typical memecoins, Pepe Unchained has developed a Layer-2 ecosystem, raising over $24 million in its presale and promising unique applications beyond pure speculation. This shift in focus toward fresh, innovative coins may leave established cryptos like XRP fighting to stay relevant.
Will XRP Rally in a New Bull Market?
With a potential bull run on the horizon, some say XRP’s days of market dominance may be waning. But with a loyal community and real-world use cases in finance, XRP still has potential if regulatory hurdles are cleared. The SEC’s stance could be decisive for XRP’s future and its appeal in the next wave of crypto enthusiasm.
#Xrp🔥🔥 #CryptoNewss #XRP_ETF #PepeUnchained #SECCryptoRegulation

Increased Market Activity in LUNC Signals Volatility
The recent increase in LUNC trading volume indicates heightened investor interest and greater volatility. Key support at $0.000094 may help boost the price if volume growth slows. On the other hand, LUNA’s resistance level at $0.360 may break if trading volume remains strong.
The U.S. Securities and Exchange Commission (SEC) is now facing Terra Labs in a legal battle, drawing investors’ attention to the price developments of Terra Classic (LUNC) and Terra (#LUNA✅ ). With new legal scrutiny, investors are closely watching price movements and recent trends.
LUNC’s Volume and Price Momentum
LUNC has recently shown an upward trend, rising by 4.43% to $0.0000919 in recent days. This increase follows a consolidation period, suggesting renewed investor interest.
Trading volume has surged by 140.46%, indicating increased market activity. This higher activity often signals an increase in buying or selling pressure, which can lead to greater volatility. Key levels for LUNC include support at $0.000094, which has held during previous consolidations. The $0.000092 level has also acted as a “safety net” during previous downtrends.

Resistance at $0.000098 remains a key barrier for further growth. If LUNC surpasses this, the next psychological threshold is at $0.00010, often associated with increased market activity.
If high trading volume continues, LUNC may attempt to break the resistance level of $0.00010. However, if volume declines, it could return to testing lower supports. The trading volume of LUNC, which is 9.75% of its market cap, further underscores the asset’s volatility and indicates strong investor confidence.
LUNA’s Price Action and Potential Resistance
Over the past 24 hours, the price of Terra (LUNA) has increased by 1.78%, with its value around $0.3596. This rise follows a consolidation period, indicating renewed momentum.
Trading volume for LUNA has also surged by 93.03%, which could signal increased interest in trading. These volume spikes often suggest a potential trend shift, as rising volume can precede price movements either up or down. Key support for LUNA is at $0.3532, which has helped stabilize prices during recent declines, while stronger support at $0.345 has historically prevented further downward movement.

Conversely, $0.360 currently acts as a resistance level. A breakthrough here could open the way to $0.365, which marks a recent high. If trading volume remains strong, LUNA could challenge this upper resistance. However, a drop in volume could lead to a price return toward support at $0.3532.
Technical Indicators and Implications for LUNC and LUNA
The current trading volume-to-market cap ratio of LUNC at 9.75% points to active trading and strong market confidence. Similarly, LUNA’s ratio of 15.83% indicates sustained interest in this token.
A continued rise in trading volume could help both LUNC and LUNA break their immediate resistance levels. However, if volume momentum weakens, both assets may retreat and test their key support zones.

#TerraLunc , #LUNAUpdate , #Lunapriceanalysis , #SECCryptoRegulation

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As reported by the Russian portal Rozetked, starting from June 12th, Telegram will introduce a new internal currency called Telegram Stars. Users can purchase it through Apple and Google, and then use it to pay for digital goods and services within Telegram bots/mini-programs. Many developers have reported receiving notifications about the token launch, and Telegram's marketing channel has also drawn attention to this. The message states that Apple has warned Telegram for violating application review rules 4.7 and 3.1.1, namely accepting payments and services from customers without using Apple's internal purchase mechanism. The report states that users will be able to purchase Stars through shopping tools in the App Store and Google Play, and may be charged a 30% service commission. Developers will be able to extract the token with TON.
#SECCryptoRegulation

Does SEC’s Enforcement Chief’s Resignation Signal an End to the ‘War on Crypto’?
David Hirsch, the chief of the SEC’s Enforcement Division’s Crypto Asset and Cyber unit, has resigned, sparking a wave of reactions from the crypto community.
Community Reactions
David Hirsch's Departure: Hirsch announced his resignation on LinkedIn, reflecting on his nearly 10-year tenure at the SEC, where he handled complex and challenging investigations.Crypto Community's Response: The reactions were mixed. Viktor Bunin, a protocol specialist at Coinbase, urged the industry not to hire Hirsch due to his enforcement actions. Conversely, Solana's memecoin platform, pump.fun, humorously claimed they had hired Hirsch, a statement Hirsch later confirmed as false.
Implications for the SEC and Crypto Regulation
Market Commentary: Crypto YouTuber Paul Barron speculated that Hirsch’s resignation might indicate a shift in the SEC’s influence over the crypto sector, especially as regulatory clarity increases.Legislative Developments: The FIT21 Act, recently passed by the U.S. House of Representatives, aims to reduce the SEC’s power over crypto, shifting oversight to the CFTC (Commodity and Futures Trading Commission).
Future Outlook
While some view Hirsch’s resignation as a potential end to the SEC’s stringent crypto enforcement, the true impact will depend on his successor, who has not been announced yet.
Disclaimer: This article does not constitute investment advice. All trading and investment decisions involve risk, and readers should conduct their own research before making any decisions.
#SECCryptoRegulation #SECCryptoRule #SECCrypto #SECcryptoChief

Coinbase has just scored a major victory in its battle against the U.S. SEC! The court has ordered the SEC to hand over critical discovery documents, a game-changing move that could reshape the entire landscape of cryptocurrency regulation in the U.S. 🇺🇸⚖️

This ruling is more than just a legal win for Coinbase—it's a pivotal moment that could influence how digital assets are regulated across the board. As the SEC’s scrutiny intensifies, this decision might set new precedents that ripple through the entire crypto ecosystem, potentially offering much-needed clarity in a tangled regulatory environment. 🌐💡

The stakes are high as regulators and crypto platforms clash over the future of digital asset oversight. Will this case redefine the rules of the game? Stay tuned as the drama unfolds and the future of crypto regulation hangs in the balance! 🔍🚀

#SECCryptoRegulation #CryptoMarketMoves #BinanceBlockchainWeek #Write2Earn!

For selling non-fungible tokens (NFTs) without registering, Flyfish Club, LLC, is the target of an order from the U.S. Securities and Exchange Commission (SEC). The judgment has caused division on how NFTs and other digital assets should be governed by US securities rules, as seen by criticisms made by agency insiders.

Flyfish Club Faces SEC Action Regarding NFT Sales
Flyfish Club, a New York-based corporation, has been accused by the SEC for selling about 1,600 NFTs for roughly $14.8 million between August 2021 and May 2022. These NFTs were sold as memberships that would give owners first dibs on a proposed upscale eating club.

The regulatory agency's enforcement action claims that because Flyfish's NFTs have the potential to be resold at a higher price and to generate passive income through leasing, they are federally qualified securities.

The regulatory body concluded that Flyfish had failed to register these NFTs as securities, in violation of Sections 5(a) and 5(c) of the Securities Act of 1933, based on these facts. Flyfish is required by the order to pay $750,000 in civil fines, destroy any NFTs in its possession within ten days, and refrain from any further infractions.

Commissioners who Disagree with the Decision
Still, not every member of the US SEC supports the crackdown. Mark T. and Hester Peirce, commissioners.

Uyeda contended that the NFTs in question were utility tokens rather than securities in a joint statement objecting to the agency's decision. Peirce and Uyeda contend that rather than being intended as risky investment vehicles, the Flyfish NFTs were created to grant access to exclusive eating experiences. They argued that the regulatory body's use of the Howey Test, which establishes what constitutes a security, was unduly sweeping in this particular instance.

Hester Peirce and Mark T. Uyeda further contended that the non-fungible tokens provided concrete advantages and that they shouldn't be subject to securities laws only because they may be profitable to resell.

They expressed worry that by making it more difficult for NFT holders to transfer and sell their memberships, the Securities and Exchange Commission's interference may have a detrimental effect on them.

Additionally, the commissioners recommended that the regulatory body establish more precise instructions so that companies and artists can experiment with non-fungible tokens without worrying about repercussions from the authorities. They underlined that excessively strict legal interpretations should not impede NFTs as a new tool for creators, like chefs and painters, to commercialize their skills and create one-of-a-kind experiences.

Enhanced Inquiry on NFT and Crypto Networks
The US SEC's move against Flyfish Club is a component of a larger campaign to target digital asset platforms and non-fungible tokens.

The regulatory body recently sent a Wells Notice to OpenSea, an NFT marketplace, alerting it to possible legal action related to claims that digital items exchanged on the site may be regarded as securities.

This comes after other cryptocurrency platforms, such Coinbase, Kraken, and Uniswap, were subject to comparable regulatory scrutiny.

Many parties, including legislators and business experts, have since criticized these steps, claiming that Chair Gary Gensler's approach to the regulatory body is unduly forceful. Former regulators and business executives will testify at a forthcoming congressional hearing titled "Dazed and Confused: Breaking Down the SEC's Politicized Approach to Digital Assets." This hearing will offer additional insights into the regulatory agency's regulatory direction and its possible effects on the future of digital assets.

#SECCryptoRegulation #NFT​ #NeiroOnBinance #BinanceLaunchpoolCATI #BinanceLaunchpoolHMSTR