In today’s crypto market, there have been several major developments. Most notably, there are growing signs of a potential Bitcoin (BTC) price spike in mid-October. A well-known analyst has predicted that Bitcoin will reach new highs by the end of the year, which could signal a return to the bull market  .

In addition, Ripple has made significant progress in Dubai after receiving preliminary approval from the Financial Services Authority to provide cross-border payment services, further strengthening its presence in the Middle East region .

Currently, one of the most notable events in the US crypto market is the lawsuit filed by Crypto.com against the US Securities and Exchange Commission (SEC). This lawsuit comes as part of the ongoing struggle between digital platforms and the SEC over the regulation of digital currencies. Crypto.com accuses the SEC of overstepping its authority by regulating digital currencies through legal action rather than setting clear rules. The platform received a legal notice from the SEC in August 2024 regarding potential violations related to its operation as an unregistered broker.

This case adds to a series of legal disputes between major platforms and regulatory bodies in the United States, increasing uncertainty in the market, and affecting 50 million cryptocurrency users in the country.  #BinanceTurns7