Ripple Lawsuit Update: SEC Denied Appeal, Trial Date Set for 2024
A federal judge has rejected the Securities and Exchange Commission’s (SEC) motion to appeal its loss against Ripple Labs. The SEC sued Ripple Labs and its executives in December 2020, alleging that Ripple’s XRP cryptocurrency was an unregistered security. While the judge ruled in favor of Ripple on the issue of retail sales of XRP, institutional sales were found to violate securities laws. The SEC filed a motion to appeal this partial loss but was denied by the judge. A trial date of April 23, 2024, has been set to address any remaining issues. The outcome of this lawsuit will have significant implications for the treatment of cryptocurrencies under U.S. securities laws going forward.
Trust Wallet Token (TWT) Shows Potential for Uptrend
Trust Wallet Token (TWT) has seen a surge in price, currently up 13.75% to $0.9017. The token is trading above the 100-day EMA for the first time since April 18, signaling a potential uptrend. The short-term EMA is also crossing above the long-term EMA, indicating a bullish sign. Technical indicators such as the RSI and MACD histogram show strength and bullish momentum. The TWT price faces resistance at $0.9667 to $0.9809, but if it can break through this zone, further gains are possible. Initial support lies at $0.8694 and the 100-day EMA. Overall, with Trust Wallet Token stabilizing above the 100-day EMA, it shows positive potential for traders.
Bitcoin Minetrix Introduces Stake-To-Mine Model with $BTCMTX Token
Bitcoin Minetrix is entering the crypto market with its new $BTCMTX token, offering a stake-to-earn model for decentralized cloud mining. Token holders can stake their coins to earn mining credits, giving them a share of Bitcoin Minetrix’s mining operations. The staking dashboard currently offers rewards at an annual percentage rate of up to 1,423%. The project has already raised over $450,000 in its presale. Bitcoin Minetrix aims to provide a decentralized alternative to centralized cloud mining platforms, with smart contracts handling everything on-chain to eliminate fraud risks. Analysts have praised the project’s potential, and its roadmap includes further development, launch, and mass adoption phases.
Avalanche (AVAX) Gains Momentum and Challenges Resistance Levels
Avalanche (AVAX) has seen a notable uptick in price as it challenges key resistance levels. The AVAX price is up 6.26% to $10.01, with positive momentum indicated by the RSI and MACD histogram. Immediate resistance lies between $9.72 and $10.05, and overcoming this zone could lead to further gains. On the downside, initial support is at $9.61 and the 20-day EMA. With technical indicators signaling positive momentum, Avalanche is poised for further upside movement.
yPredict Raises Over $4 Million for AI-Powered Analytics Platform
yPredict, an AI-powered analytics platform for crypto traders, has raised over $4 million in its presale. The startup aims to launch an all-in-one ecosystem offering trading insights and content automation. The platform provides services such as predictions, analytics, a repository, terminal, and marketplace. Additionally, yPredict has introduced WriteMingle, an AI-enabled tool for content creation and collaboration. The tool is currently being tested by community beta testers, showing the company’s expansion beyond trading signals. With substantial early investment, yPredict is on track to provide comprehensive services for traders.
Frequently Asked Questions (FAQs)
What is the status of the Ripple lawsuit against the SEC?
A federal judge has rejected the SEC’s motion to appeal its loss against Ripple Labs. A trial date has been set for April 23, 2024.
What is the potential uptrend for Trust Wallet Token (TWT)?
Trust Wallet Token (TWT) has stabilized above the 100-day EMA, showing positive potential for an uptrend.
What is the stake-to-mine model introduced by Bitcoin Minetrix?
Bitcoin Minetrix offers a stake-to-earn model with its $BTCMTX token, allowing token holders to earn mining credits and a share of the platform’s Bitcoin mining operations.
What resistance levels is Avalanche (AVAX) challenging?
Avalanche (AVAX) is currently challenging key resistance levels between $9.72 and $10.05.
How much has yPredict raised for its AI-powered analytics platform?
yPredict has raised over $4 million in its ongoing presale for its all-in-one ecosystem offering trading insights and content automation.
