Ripple CTO Comments on SEC Appeal Fail, SHIB Team Member Reveals Crucial Developments, Three Bitcoin Price Levels to Watch Next: Crypto News Digest by U.Today

investing.com 18/10/2024 - 12:44 PM

U.Today – Top News Stories

"Bizarre move": Ripple CTO speaks out on SEC appeal fail

As the XRP community buzzes about the SEC missing the deadline to appeal its case against Ripple, David Schwartz, CTO at Ripple, tweeted his thoughts. He stated that, while he isn’t an expert on appellate procedure, the SEC had until midnight on October 17 to file an appeal with the Second Circuit Court of Appeals, but it seems they failed to do so. Schwartz remarked that if the SEC deliberately missed this deadline, it would be a "really bizarre move." Fox Business journalist Eleanor Terrett mentioned that the deadline could instead be October 18, based on a docketing notice.

Shiba Inu governance update: Team member reveals crucial developments

Shiba Inu's marketing lead, Lucie, shared that the project is nearing a significant transformation, hinting at governance upgrades. In her X post, Lucie mentioned that the time for Shib’s Decentralized Autonomous Organization (DAO) is "almost here," which will empower token holders of SHIB, BONE, LEASH, and the upcoming TREAT to make vital community decisions. The SHIB Doggy DAO Foundation will support the DAO, ensuring that community decisions are properly executed. Lucie concluded by asserting that the future of SHIB will soon rest in the community's hands.

Bitcoin (BTC) breakout confirmed: Three price levels to watch next

Bitcoin has confirmed a breakout above $67,000, potentially signaling a shift in momentum. Traders are closely monitoring key price levels: first, the psychological barrier at $70,000, which serves as a crucial resistance point; breaking this could lead to a rapid price surge. The second level is $63,000, currently acting as strong support that could stabilize the price during corrections. If Bitcoin exceeds $70,000 with momentum, the next target may be $75,000. The recent breakout and On-Balance Volume (OBV) confirmation suggest further gains are possible, dependent on upcoming trading activity.


This article was originally published on U.Today




Comments (0)

    Greed and Fear Index

    Note: The data is for reference only.

    index illustration

    Fear

    34