A judge in New York has approved a joint request from the SEC and Coinbase to settle dates for opening briefs and all subsequent responses.

Shiba Inu (SHIB) is the second largest meme coin and has a special feature compared to Dogecoin: token burns. Hardly any other topic is discussed more frequently in the SHIB community (besides Shibarium) and causes confusion in the process. Everywhere you can read: Billions of SHIB burned, this is what happens to the price.

But hardly anyone emphasizes that SHIB Burns basically have no significant impact on the price, at least not with the current volumes. Also, because the total circulating supply of SHIB of 589,346,914,631,298.1 SHIB is gigantic, large numbers can quickly create a mirage.

The SHIB burn tracker, the most popular service for monitoring SHIB burns, has stepped forward to address the misconceptions and shed light on the factors driving SHIBs price movements.

SHIB Burns X Shiba Inu Price

The expert emphasizes the essential role of demand and uniform investments in shaping SHIBs price, rather than relying solely on token burns. Burning a substantial number of tokens, while seemingly impactful, cannot significantly influence the price without continuous and substantial token purchases to match the current buying rate. As the analyst puts it, Burning 10 billion tokens in a week will not impact the price when there are far larger transfers being purchased daily and prices have just sustained.

The crux of SHIBs price dynamics lies in the fundamental economic principles of supply and demand. Token burning can contribute to scarcity and reduced supply, but it is demand that imparts value to the token. As the burn tracker aptly notes, A token can burn 90% of their supply, but if theres no demand for that token, then it holds no value. In other words, burning alone cannot enhance SHIBs value; rather, it is the surge in demand coupled with decreased supply that can positively influence its price.

The role of major holders, mainly centralized exchanges, also holds significance in the SHIB ecosystem. The tracker points out that the top 100 accounts (excluding the burn address) for $SHIB hold near 400T of the tokens supply. These major holders impact liquidity and accessibility for traders, influencing the tokens overall market behavior.

While acknowledging the potential impact of token burning, the tracker urges caution against overemphasizing it as the sole driver of SHIBs price success. Success should be evaluated holistically, and arbitrary price targets should not dictate a tokens journey. As the SHIB tracker suggests, A tokens success doesnt always mean reaching a specific price, like $0.01. Many have their own price goals. Instead, long-term growth and adoption, as well as continuous community interest and participatio...

What could go wrong? Decentralized ID protocol Worldcoin has launched, receiving mixed reactions from the cryptocurrency community.

(Yuichiro Chino/Getty Images)

Russian citizens will not be forced to use the digital ruble, and use of the CBDC will be a voluntary choice for people to make, the governor of the Bank of Russia said.

Ripples partial victory against the SEC is positive, but crypto firms still face uncertainty without a regulatory framework.

Venture capital (Getty Images)

The Orb. (Worldcoin)

As the crypto market gears up for one of its major network events, the Litecoin (LTC) halving, investors and analysts are peering into the crystal ball of market trends to try to predict the outcome. Slated for early August, the halving has attracted considerable attention from the cryptocurrency community.

However, predictions surrounding the event are veering off the usual path of price appreciation to include a potential coordinated sell-off. Particularly, Renowned on-chain analyst, Ali Charts, has introduced a novel perspective to the halving discourse, with his theory that the much-anticipated event could turn out to be a Sell the News event. 

#Litecoin | Each time the number of new $LTC addresses surpassed 350,000 in the last five years, a significant price correction followed.

More than 690,000 #LTC addresses were recently created, suggesting the upcoming #halving could be a sell the news event. pic.twitter.com/FBsokPgaYA

Ali (@ali_charts) July 23, 2023

Unusual Network Activity Sparks Sell-Off Theories

According to Ali, the idea of a Sell the News event stems from an observed increase in new Litecoin addresses created on the network. In recent times, over 690,000 new LTC addresses have emerged. This surge is significant because historically, a price correction tends to occur whenever the count of new Litecoin addresses crosses the 350,000 mark, as noted by Ali Charts.

The Ethereum co-founder released a long-form response to the launch of Worldcoins decentralized human identity verification system.

(Shutterstock)

This is an opinion editorial by Ben Caselin, chief strategy officer for cryptocurrency exchange MaskEx.

As we navigate the uncharted waters of the digital revolution, bitcoin is increasingly finding their footing in economies grappling with currency crises. Countries such as Turkey, Lebanon, Nigeria and Argentina are already seeing bitcoin reach, or start to approximate, new all-time price highs, signaling a shift in wealth preservation and financial sovereignty. The thrust behind this trend is multifold, encompassing inflationary pressures, the global dominance of the U.S. dollar and the unique attributes of bitcoin.

A quick Google search for bitcoin against so-called weaker currencies in emerging markets, over a five-year time horizon, paints a clear picture.

View the 4 images of this gallery on the original article

I have shared these observations before in a Twitter thread and discussions on Elon Musks platform have been lively on the subject. Some folks understandably see this as bullish and exciting, but its important to realize that such extreme price action essentially stems from deep-seated currency failures and often involves anxious suffering for people on the ground. Others point out that these flailing currencies arent really a benchmark for anything substantial, but such thinking only betrays hubris. Its good to remind ourselves that some 85% of the worlds population lives in the emerging markets far from peripheral, the reality in these countries is the dominant experience and constitutes the mainstream.

Understanding 'Weaker' Currencies

To comprehend the Bitcoin phenomenon in these emerging markets, we must first understand the concept of "weaker" currencies. These are national currencies often characterized by high volatility, recurring devaluations and significant inflation rates. Such susceptibility is generally rooted in unstable domestic fiscal policies, including excessive government borrowing and overproduction of the money supply. However, the consequences of such monetary policy aren't contained within national borders; they ripple across the global socio-economic landscape, including in the form of migration and exacerbating inequalities.

Inflation erodes the value of money, diminishing purchasing power and fostering economic uncertainty. When combined with external factors such...

XRP, riding on its latest price uptrend, achieved a momentous feat by surpassing BNB to claim the esteemed position of the fourth-largest cryptocurrency by market capitalization.

Encouraged by the recent non-security ruling following Ripple Labs arduous legal battle against the Securities and Exchange Commission, the value of XRP soared to new heights, and its popularity experienced a notable surge.

According to a recent tweet by LunarCrush, XRP proudly took the number one spot on the platforms trending list, cementing its growing appeal within the crypto community. Such widespread recognition undoubtedly contributed to XRPs recent success. 

But the question that now looms is whether this newfound popularity will be enough to sustain its position in the crypto market hierarchy.

Top ten current trending searches on https://t.co/Ye6Yvoh7kQ

1 $xrp 2 $pepe 3 $shib 4 $ftm 5 $btc 6 $inj 7 $matic 8 $lunr 9 $lunc $dydx pic.twitter.com/8n3kONT4Th

LunarCrush (@LunarCrush) July 22, 2023

Ripples Partial Win Sparks Enthusiasm But XRP Faces Decline

Following Ripples partial leg...

With U.K. inflation running high and sluggish banking interest rates, small businesses are turning to novel solutions to save money.

Delve into the remarkable evolution of Python, and learn how it grew to become a prominent and beloved programming language in the tech world.

Twitter and Doge Icons (Twitter)

Worldcoin co-founders Alex Blania and Sam Altman (Marc Olivier/Worldcoin)

Hana Bank plans to research certificates of deposit tokens, while Woori Banks research department has recently released a report on the tokens.

An inside view of the Orb, Worldcoin's custom hardware that makes cryptographic IDs based on iris scans. (Worldcoin)

Since the summary judgment in the Ripple vs SEC case, XRP has captured the spotlight in the crypto market. Now the fourth-largest crypto by market capitalization, XRP, is currently experiencing a consolidation trend. However, this could just be the calm before the storm as both the activity of large investors aka whales and a developing bull flag pattern suggest.

XRP Whale Wallets Reach New Heights

According to an on-chain data analysis by Santiment, a leading market intelligence platform, the number of whale wallets holding a substantial 100 million or more XRP has witnessed a significant increase recently, now standing at an impressive 199. These whales, each commanding a minimum value of $74 million, have been closely observed over the past year, exhibiting strategic buying and selling patterns that impact XRPs price movements.

This recent surge in the number of whales is a noteworthy milestone, matching the highest figure recorded since May 13. The Santiment chart below shows in detail the distribution patterns of these whales over the past year. As of July 2022, when XRP was trading below $0.40, 200 whales were in accumulation mode. However, they sold when XRP exceeded $0.50 within three months.

Similarly, whales resumed accumulation between December and March 2023 when XRP was trading at $0.41. In April, a larger number of the whales sold their XRP again, bringing the number back below 200. Currently, the beginning of a new accumulation phase could be imminent, as Santiment shows.

Bull Flag Heralds New Rally

The recent meteoric rise in XRPs price following the Ripple vs. SEC summary judgment has led to the formation of a bullish chart pattern known as the bull flag. This pattern consists of two rallies separated by a brief period of consolidating retracement. The initial rally comes to a pause through profit-taking, leading to a tight trading range as buyers and sellers find equilibrium.

XRP investors have to keep a close eye on the crucial price le...

Bitcoin long-term holder supply (Glassnode)

Bitcoin begins to fulfill traders downside targets as BTC price action retraces its steps in a crucial macro week.

Musk said in a recent interview that if done right, X has the potential to become half of the global financial system.

(Ripple Labs)

Tick tock, next block. The Bitcoin network passed block 800,000 with less than a year to go to the next block reward halving.

The upcoming FSC meeting aims to provide regulatory clarity for cryptocurrencies, blockchain development, stablecoin payments and the broader digital asset ecosystem.

Elon Musk (Daniel Oberhaus/Flickr)

X, a little-known digital asset, has experienced an astronomical surge, rallying by more than 1,000% following Elon Musks revelation about a Twitter rebranding venture.

The obscure altcoin is linked to Project Xa decentralized NFT marketplace that operates across various blockchain networks. To ensure community-driven governance, the X DAO plays a crucial role, empowering users who have staked their X tokens to obtain the coveted veX governance token, granting them voting privileges within the platform.

Musks vision for X and its potential influence on the financial landscape is a driving force behind his decision to appoint Linda Yaccarino as the CEO of Twitter in May. The ultimate goal is to facilitate the transformation of Twitter into X, bringing the ambitious super app project to life and expanding its reach to a massive user base.

Twitter Rebrand Plan Boosts X Coin Price

Over the weekend, Musk took to Twitter to reveal his ambitious intentions, announcing the retirement of the distinct blue bird symbol that has long served as Twitters iconic logo.

The eccentric billionaire aimed to give the micro-blogging platform a fresh identity by changing its name to X.com. Little did he know that this seemingly unrelated move would significantly impact an obscure cryptocurrency.

Following Musks surprising announcement, the next few hours witnessed an unexpected reaction from the relatively unknown X token.

pic.twitter.com/IwcbqMnQtA

Elon Musk (@elonmusk) July 23, 2023

 Coingecko data revealed that the price of X skyrocketed to $0.00037534, experiencing an astounding 24-hour rally of 1,628.2%. Even more astonishing was its seven-day surge, reaching 1744.2%.

This unprecedented price action caught the crypto communitys attention, leading to speculation about the potential reasons behind the tokens sudden surge.

...

The project provides a decentralized and private way to verify human identity online amid the rise of artificial intelligence technologies.

Dogecoin, the popular meme coin, is making waves once again. A recent tweet by renowned analyst Ali Martinez has made waves in the crypto community, hinting at the potential for a significant rally for DOGE.

In a Twitter post that quickly gained traction, Martinez highlighted an intriguing pattern on the monthly chart of Dogecoin. According to the analyst, the last time a descending triangle formed on the weekly chart, DOGE experienced a jaw-dropping pump of 23,200%. Now, as history could repeat itself, Martinez is keeping a close eye on a crucial resistance for confirmation. As the tweet states:

Dogecoin: The last time a descending triangle developed on the weekly chart DOGE pumped 23,200%. Ill be looking at a sustained monthly close above $0.80 for confirmation.

The journey for Dogecoin has been quite the rollercoaster ride. Back in January 2018, DOGE reached an all-time high of nearly $0.02, only to enter a prolonged phase of consolidation, forming the descending triangle over the next three years.

However, with the onset of the new bull market, catalyzed by Bitcoins momentum, DOGE finally managed to break out of its extended consolidation pattern, surging to a peak of $0.7588 on May 8.

Dogecoin Price Analysis 1D Chart

Taking a closer look at the 1-day chart, it becomes evident that Dogecoin is now facing a critical turning point. Will the price manage to reverse its trend, or will it succumb to a continuation of the downtrend after a short pause of bullish activity?

In the case of Dogecoin, the ascending triangle could signal a trend reversal. Since DOGE reached the local high of $0.1591 on November 01, 2022 as a result of the hype surrounding Elon Musks acquis...

The estimated leverage ratio remains rangebound. (CryptoQuant)

Lawyers representing SBF have agreed to a gag order preventing him from making comments that could sway his criminal trial but says it should apply to other witnesses too.

Bitcoin Cash price started a downside correction and tested $230 against the US Dollar. BCH might aim a fresh rally toward the $280 and $300 levels.

• Bitcoin cash price is consolidating above the $230 level against the US Dollar.
• The price is trading below $255 and the 100 simple moving average (4 hours).
• There was a break above a key bearish trend line with resistance near $242 on the 4-hour chart of the BCH/USD pair (data feed from Kraken).
• The pair is likely to accelerate higher if it clears $255 and $265.

Bitcoin Cash Price Prepares For The Next Move

After a strong rally, Bitcoin Cash price faced sellers near the $300 zone. BCH traded as high as $294 and started a downside correction, like Bitcoin and Ethereum. There was a move below the $280 pivot level.

The price even declined below $255 before the bulls appeared near $230. A low is formed near $232 and the price is now slowly moving higher. There was a break above a key bearish trend line with resistance near $242 on the 4-hour chart of the BCH/USD pair.

The pair cleared the 23.6% Fib retracement level of the downward move from the $294 high to the $232 low. Bitcoin Cash is now trading below $265 and the 100 simple moving average (4 hours).

Immediate resistance is near the $255 level. The next major resistance is near $265 or the 100 simple moving average (4 hours). It is close to the 50% Fib retracement level of the downward move from the $294 high to the $232 low.

Source: BCH/USD on TradingView.com

Any further gains could lead the price toward the $280 and $285 resistance levels in the near term. The next major hurdle is near the $300 level.

Dips Supported in BCH?

If Bitcoin Cash price fails to c...

Traditionally successful entrepreneurs may not be interested in this industry, says lawmaker Johnny Ng. Even if they are, they might not know how to play it. (Johnny Ng)

The South Korean crypto lender has had to halt certain interest payments after a recent investigation resulted in the seizure of its assets and those of its customers.

Ethereum price is struggling to clear the $1,900 resistance against the US Dollar. ETH could gain bearish momentum if there is a close below $1,850.

• Ethereum is showing bearish signs below the $1,920 level.
• The price is trading below $1,900 and the 100-hourly Simple Moving Average.
• There is a key bearish trend line forming with resistance near $1,900 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could decline steadily if the price remains below $1,900.

Ethereum Price Remains At Risk

Ethereums price made another attempt to settle above the $1,900 level. However, ETH failed to gain bullish momentum above the $1,900 resistance and started a fresh decline, similar to Bitcoin.

The price declined below the $1,885 and $1,875 levels. The bulls are now active above the $1,860 level. A low is formed near $1,863 and the price is now consolidating losses. There is also a key bearish trend line forming with resistance near $1,900 on the hourly chart of ETH/USD.

Ether is trading below $1,900 and the 100-hourly Simple Moving Average. On the upside, immediate resistance is near the $1,885 level. It is close to the 50% Fib retracement level recent drop from the $1,903 swing high to the $1,863 low.

The first major resistance is near the $1,890 level or the 100-hourly Simple Moving Average. It is close to the 61.8% Fib retracement level recent drop from the $1,903 swing high to the $1,863 low.

Source: ETHUSD on TradingView.com

The next major resistance is near the $1,900 level and the trend line, above which the price could test the main resistance at $1,920. Any more gains could send Ether toward the $2,000 resistance in the near term.

More Losses in ETH?

If Ethereum fails to cle...

Money should not be programmable by a central authority, argues Republican Representative Warren Davidson.

1.00 AUD = 0.00002 BTC
0.00010 BTC = 4.30 AUD
Converter

0.00010 BTC = 2.91 USD
1.00 USD = 0.00003 BTC
Converter

One pitch from Axie Infinitys co-founder said to keep Twitter but have a crypto wallet named X for spending and creator tipping.

Bitcoin price is moving lower from the $30,350 level. BTC is showing bearish signs and might decline further toward the $29,650 and $29,500 support levels.

• Bitcoin is moving lower below the $30,000 pivot level.
• The price is trading below $30,000 and the 100 hourly Simple moving average.
• There is a key bullish trend line forming with support near $29,720 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could extend its decline below the $29,500 support zone.

Bitcoin Price Turns Red Again

Bitcoin price attempted a fresh increase above the $30,400 resistance zone. However, BTC struggled to settle clear the $30,350 level and started a fresh decline.

There was a bearish reaction below the $30,000 support zone and the 100 hourly Simple moving average. The price declined below the 61.8% Fib retracement level of the upward move from the $29,650 swing low to the $30,333 high.

Bitcoin is trading below $30,000 and the 100 hourly Simple moving average. There is also a key bullish trend line forming with support near $29,720 on the hourly chart of the BTC/USD pair.

Immediate resistance is near the $30,000 level and the 100 hourly Simple moving average. The first major resistance is near the $30,150 level. The next major resistance is near the $30,350 and $30,400 levels. A close above the $30,400 level might start a fresh increase.

Source: BTCUSD on TradingView.com

In the stated case, the price could rise toward the $30,850 level. Any more gains could open the doors for a move toward the $31,200 resistance zone.

Fresh Low in BTC?

If Bitcoin fails to clear the $30,000 resistance, it could continue to move down. Immediate support on the downside is near the $29,720 level...

Brad Garlinghouse has lashed out at the SEC for its absurd comments on the Ripple Labs case.

MATIC, following a notable price pullback that briefly dipped to $0.53, has encountered a slowdown in its bullish momentum. Over the past 24 hours, the altcoin witnessed a decrease of around 1.5% in its value, with weekly losses amounting to 4.8%.

Currently, MATIC is hovering around a critical support level. This indicates that bears might dominate the upcoming trading sessions unless they move away from this support zone. To regain bullish traction, MATIC must sustain a price above the current support level.

If successful, the altcoin may attempt to rise again. However, to fully restore its bullish momentum, it will be essential for MATIC to trade above the $0.85 price mark, which has previously acted as significant resistance. The slight decline in MATICs market capitalization indicates a potential slowdown in buying strength on its daily chart.

MATIC Price Analysis: One-Day Chart

At the time of writing, MATIC was trading at $0.75, having experienced a sharp decline from its previous position at $0.90. Despite a recovery attempt, MATIC is currently trapped at a crucial support level.

The $0.75 price mark holds significant importance, as failure to sustain it could lead to a loss of buyer momentum, potentially pushing the price down to $0.65.

If the altcoin falls below $0.65, it may further drop to $0.60. For MATIC to reverse its downward trend in the upcoming trading sessions, it must successfully surpass the $0.80 level. Achieving this could propel MATIC towards the challenging resistance at $0.85, a historical price ceiling for the altcoin.

Technical Analysis

Bitcoin daily chart. (CoinDesk Indices)

The anonymous Bitcoin whale is up over 600,000% from their 2011 purchase of BTC at $4.92.

San Franciscos Federal Reserve Bank is seeking a crypto architect for a central bank digital currency.

The funds have been reportedly taken on the Ethereum blockchain. The number of Bitcoins stolen remains uncertain.

LINK, FIL, SNX and THETA are starting to look bullish right as Bitcoin prepares for a volatile price move.

Several counties in the U.S. state of Arkansas are hurrying to adopt new ordinances before August when crypto mining facilities will be subject to the same rules as data centers.

XLM has turned most overbought since April 2021, boosting risks of a 30% price decline by September.

After over 11 years of inactivity, a dormant Bitcoin address containing $31 million in BTC suddenly came to life recently. On July 22, 2023, the address transferred its entire balance to a new address.

Early BTC Address Comes Back To Life

Bitcoin has been around since 2009, so there are dormant addresses that have been inactive for years that contain large amounts of BTC. Some of the early adopters of this cryptocurrency were able to buy in very cheap but the private keys to many of these addresses have been lost, locking them forever. Every now and then, however, some of these addresses suddenly come back to life as the owner regains asses to the funds.

The address here was one of the earliest Bitcoin addresses. According to on-chain data, it received its first transaction of 1,037 BTC in November 2012. At the time, the price of each BTC sold for only $12.41. It then received regular small deposits of BTC over the years. With the price of Bitcoin now at $29,828, this sets the total price at just over $31 million.

A dormant address containing 1,037 #BTC (31,080,234 USD) has just been activated after 11.3 years!https://t.co/6cW9vnTOhD

Whale Alert (@whale_alert) July 22, 2023

There are a few possibilities for what could have prompted the owner to suddenly move these funds after all this time, ranging from regaining control of the private keys to cashing out and taking a profit. Whatever the reason, the sudden reawakening of dormant Bitcoin addresses has the potential to cause a stir and spark interest in the Bitcoin community.

Implications For The Price Of Bitcoin

When a large amount of BTC suddenly moves, it can cause temporary price fluctuations. An immediate selloff of the assets can lead to a drop in the market price of...

Bitcoin possesses a unique identity and qualities that are cemented on the foundation of decentralization. Almost everyone who is doing the work to understand Bitcoin will eventually run into the cold, hard fact that, at its core, Bitcoin is about freedom. To those who have enjoyed individual liberties for their entire lives, the concept of freedom may be watered down or under appreciated. For those who live without it, freedom and individual liberty become pursuits of great importance.

Many people who are diving into Bitcoin will find themselves at a crossroads, having to choose between the speculative get-rich-quick mania of some crypto subcultures and the self-sovereign, owner-and-builder mentality that Bitcoin offers.

Amanda Cavaleri embodies the latter. Humble, empathetic and generous with her knowledge, Cavaleri spends her time furthering the cause of authentic Bitcoiners. Shell tell you that when she first heard about Bitcoin, it did not initially grab her attention. Thankfully, Cavaleri eventually latched onto what Bitcoin offers and has significantly contributed to the Bitcoin space since.

With a background in artificial intelligence, higher education and policy, Cavaleri has what it takes to move the ball forward when it comes to Bitcoin education. She is the board chair of the Bitcoin Today Coalition, board member for the sustainable bitcoin mining company CleanSpark and co-author of Bitcoin And The American Dream. Cavaleri also hosts the annual Bitcoin Ski Summit in Jackson Hole, Wyoming in order to create a thought-provoking space for Bitcoiners to philosophize and have greater impact in their respective areas of expertise.

One of the many talents that Cavaleri brings to the Bitcoin space is her authenticity and empathy. She openly talks about her past and how everything is layered in life. Her work is truly special and it was an honor to discuss these topics with her.

How did you first learn about Bitcoin and what specifically drew you to it? 

I first heard about Bitcoin from another entrepreneur in a shared office space in 2010. With very little life experience, I didnt understand or appreciate the need for a peer-to-peer network and first understood it as something akin to loyalty points. It wasnt part of my journey to understand right away and I didnt buy in right away. Fortunately, the idea of the Bitcoin network never left me and I was gifted incredible interactions over the years.

During my entrepreneurial journey, I became obsessed with the notion of preserving and transferring wisdom across gen...

Prominent Pro-XRP lawyer John E. Deaton has downplayed the potential effects of an appeal by the United States Securities And Exchange Commission (SEC) in its ongoing case against Ripple on the sale of the XRP token as an unregistered security. 

SEC Nudges At Possible Appeal Against Ripple Ruling

On July 13, U.S. Judge Analisa Torres of the U.S. District Court for the Southern District of New York ruled that the programmatic sales of XRP did not violate U.S. securities law as the SEC cannot prove retail investors had expected profits from this investment based on the entrepreneurial or managerial efforts of others. 

The decision was based on the Howey Test, which states that a contract, transaction, or scheme is an investment contract and, therefore, a security if it is (1) an investment of money, (2) in a common enterprise, (3) with the expectation of profit (4) to be gained from the effort of others. 

For the first time since the ruling, the SEC hinted on July 21 it might appeal this judgment in one of its petitions in another ongoing case against Terraform Labs and its co-founder, Do Kwon.

The lawyers of these defendants had earlier filed a motion to dismiss the charges against their clients based on the recent Ripple ruling. However, the SEC responded by saying that the ruling which favored Ripple was wrongly decided, and the commission could soon explore ways to review this judgment. 

The filing read: Contrary to Defendants assertions, much of the Ripple ruling supports the SECs claims in this case and rejects arguments Defendants have raised here. However, with respect to the Programmatic and other sales, the SEC respectfully avers that Ripple conflicts with and adds baseless requirements to Howey and its progeny. Respectfully, those portions of Ripple were wrongly decided, and this Court should not follow them. SEC staff is considering the various available avenues for further review and intends to recommend that the SEC seek such review. 

SECs Potential Appeal To Be Likely Insignificant John Deaton

In response to if an appeal by the SEC in its case against Ripple would represent a setback for XRP, popular crypto lawyer and XRP supporter Deaton has provided a positive outlook implying that was far from being the case. 

...

BTC price should see a serious shake-up in the coming days, but Bitcoin market participants are increasingly worried it will be to the downside.

The XRP community is struggling with a significant rise in profit-booking actions due to repeated attempts at smashing through the unbreakable $0.85 resistance barrier, resulting in a severe loss of traction for the Ripple altcoin price.

The market is now anxiously awaiting the answer to the crucial question: Will the bullish forces muster enough strength to defend the critical $0.70 support level? Investors are patiently waiting for a definitive response as uncertainty reigns, aware of the delicate balance at stake.

Following reports that the US Securities and Exchange Commission planned to appeal the recent legal verdict in favor of Ripple, XRP saw a substantial 12% fall against USDT on Binance. This appeal nullified the profits achieved during the significant spike in XRP and other altcoins brought on by the lawsuits successful resolution.

At the time of writing, the top altcoin was trading at $0.739, down 4.6% in the last 24 hours. Despite the hiccup, XRP managed to tally a 3.0% increase in the weekly timeframe, data from crypto market tracker Coingecko shows.

After hitting a barrier near the $0.85 level, XRP lost impetus, and on-chain signals indicate that whale investors may soon give in to the developing bearish trend.

RSI Shows XRP Losing Steam 

The price of XRP decreased by 17% between July 13 and July 22. The partial victory for Ripple stoked excitement among XRP holders and drove the alternative currency to its regional high of $0.9375.

Its also important to note that XRP has yet to go very far despite a few falls over the past week as some traders took profits, with its support level still rising as of this writing.

...

The central bank reportedly emphasized that the addition of NFC technology will play a crucial role in boosting the adoption rates for the CBDC.

John Deaton elaborated on the possible scenarios and intricacies of enforcing the summary judgment.

Blockchain intelligence platform TRM Labs revealed that USDT on the Tron network is the primary choice for transactions among ISIS affiliates across Asia.

Terraform Labs recently appointed CEO, Chris Amani, held a Twitter Spaces to separate the operations of Terraform Labs from Do Kwons personal affairs.

The SEC examines the ruling in the Ripple case, a U.S. Senate bill seeks to regulate DeFi, and the poor performance of altcoins in the second quarter of 2023.

The proposal calls for the redemption of PRT tokens for liquid treasury value and the transition to a no-token protocol. Community members referred to the move as a financial crime.

Ripple applied for registration as a crypto asset firm with the United Kingdoms Financial Conduct Authority after its partial win against the U.S. SEC.