U.Today – U.Today brings you an overview of last weekend's crypto events with the top three news stories.
CEO celebrates landmark SEC ruling on XRP one year later
July 13 marks a significant milestone in the history of Ripple and XRP; on that day one year ago, the court officially declared that the Ripple-affiliated token is not a security in and of itself. To mark this notable anniversary, Ripple CEO Brad Garlinghouse took to Platform X to share some of his reflections on the company’s victory. “July 13, 2023 — that day was a very good day — for Ripple and the entire industry. And for me personally, a seminal memory,” Garlinghouse wrote. He criticized the SEC’s efforts to suppress the cryptocurrency business through “failed lawsuits, misleading rhetoric, slander, and intimidation,” stating that the agency’s actions remain wrong: “They were wrong then. And they are wrong now.”
(SHIB) will reveal a rare pattern for the first time in 2024
SHIB enthusiasts are now keeping a close eye on the charts of their favorite dog-themed meme token as it is on the cusp of revealing a moving average crossover for the first time in 2024. Data provided by TradingView shows that the 50-day and 200-day SMAs are projected to converge within a few days. Traders typically use the 50-day and 200-day SMAs to assess market trends, with crossovers resulting in either a golden cross or a death cross. When the 50-day simple moving average crosses above the 200-day SMA, it forms a bullish pattern known as a golden cross, which indicates a potential rally. On the other hand, when the 50-day SMA crosses below the 200-day SMA, the death cross is formed, a pattern that signals a potential downtrend. Currently, it remains to be seen which of these crossovers SHIB will experience.
Michael Saylor issues a crucial warning to the German community
In a recent post on X, Michael Saylor, co-founder of MicroStrategy and Bitcoin advocate, issued an important warning to the German government and the country’s BTC community. To ensure that no language barrier stood between his idea and German Bitcoin enthusiasts, Saylor addressed them in their native tongue; he wrote “Du verkaufst deine Bitcoin nicht,” which means “Don’t sell your Bitcoin.” Earlier this year, Saylor posted similar messages to the global Bitcoin community multiple times, when the BTC sell-off began and the price started to plummet. According to data from Lookonchain, the German government has gotten rid of 50,179 BTC, valued at roughly $3.3 billion.
This article was originally published on U.Today
