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"Infuriating": Ripple CEO Breaks Silence on SEC’s Appeal

On Wednesday, Oct. 2, the XRP community was shaken by the SEC's decision to appeal the Ripple case. Many prominent figures in the crypto industry commented on this development, including Ripple CEO Brad Garlinghouse. In a recent X post, Garlinghouse stated that the SEC and its chair, Gary Gensler, should have moved on from the Ripple case, arguing that it has not protected investors and has harmed the agency's reputation. He described the appeal as "infuriating" and "misguided" and asserted that Ripple would fight in court for as long as necessary. The SEC has yet to clarify the specific issues it plans to appeal, leaving room for speculation that it may contest the July 2023 ruling that differentiated institutional sales from programmatic sales, or the final judgment issued by the court in August.

Market Rule Number One About "Uptober" Pump Shared by SHIB Executive

Shiba Inu marketing lead Lucie recently addressed the community's concerns regarding the current "Uptober" failing to meet expectations, sharing her insights on the X platform. In her post, she outlined "Market Rule #1," emphasizing that market forces are unpredictable and that assets might rise unexpectedly either right after selling or at other arbitrary times: "Market rule #1: It will pump the second you sell OR it pumps the moment you don’t expect it." Lucie noted that "Uptober" isn't merely a 31-day period, but a time that could yield unexpected gains. Currently, SHIB is trading up 10.72% in the past 24 hours at $0.00001737, according to CoinMarketCap.

7,240% Bitcoin Gains Made by Dormant BTC Whale as "Uptober" Kicks Off

On Oct. 3, the Whale Alert service identified a dormant Bitcoin wallet that had been inactive since 2014, reactivating with 99 BTC. This wallet's value skyrocketed from $83,068 to around $6,097,440, marking gains of about 7,240%. This episode marks the fourth Bitcoin wallet that has emerged from dormancy this week. On Oct. 1, a wallet holding 21 BTC since 2013 became active, with its holdings now valued at $1,307,996, alongside two other wallets containing 41 BTC worth $2,611,481 and 77 BTC valued at $4,902,160. The awakening of these ancient whale wallets coincides with the start of October, a month historically linked to Bitcoin rallies, often referred to as "Uptober." Currently, Bitcoin is priced at $61,632, having risen 2.51% in the past 24 hours, according to CoinMarketCap.

This article was originally published on U.Today.