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Here are the top three news stories from the past day brought to you by U.Today.
Peter Brandt's $500 billion XRP prediction is mind-boggling
Yesterday, January 7, veteran trader Peter Brandt moved to the X platform To share his analysis On the XRP price chart. In his country mailBrandt highlighted the formation of a flag pattern, which is usually a continuation indicator that indicates a pause in an asset's price movement before the previous trend resumes. The veteran trader believes that XRP has a six-week window to complete an upward trend – otherwise it could be invalidated. If the flag pattern is successfully completed and leads to a hack, XRP's market capitalization could rise to $500 billion, which would represent a significant increase from its current valuation of $139.72 billion. While the potential for such a rally remains uncertain, XRP is once again gaining interest in the cryptocurrency market. At the time of writing, XRP is trading at $2.32, down 4.43% over the past 24 hours, according to CoinMarketCap.
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8,184,600,000,000 Shiba Inu come off the top of the Singapore Stock Exchange, what happens?
according to Data 818,460,000,000 SHIB tokens, provided by Whale Alert, were made available yesterday. Move From the Singapore exchange Crypto.com to anonymous wallets. The tokens were transferred in five transactions, one of which carried 1,636,940,000,000 SHIB worth $39,038,563 USD. The other four transactions show similar transaction sizes, although there is a gradual decrease in the amounts transferred. When tokens are withdrawn from an exchange like this, it usually indicates accumulation, a trend that often indicates a potential price increase in the future. However, SHIB's recent price action paints a sad picture; Currently, the dog-themed token is trading at $0.00002165, down nearly 10% over the past 24 hours, according to CoinMarketCap.
Coinbase scored a massive legal win against the SEC
As it became known who Share X By Coinbase CLO Paul Grewal The US-based cryptocurrency exchange has achieved a major milestone A major legal victory In its ongoing dispute with the Securities and Exchange Commission. According to Grewal, Coinbase was allowed to pursue an interlocutory appeal while litigation before the district court was temporarily halted. In his post, the CLO expressed gratitude for the court's decision and indicated the company's readiness to approach the Second Circuit. U.S. District Judge Katherine Polk Failla granted the interlocutory appeal, saying it “represents a controlling question of law” when it comes to the extent to which the Howey Test applies to cryptocurrencies. The judge also stated that an immediate interlocutory appeal could help resolve the case quickly because many of the SEC's claims against Coinbase may ultimately be dismissed. Jeremy Hogan, a partner at Hogan & Hogan, noted that it is unusual for such an appeal to be granted.
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