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U.Today presents the top three cryptocurrency news stories from the past day.
XRP rises to multi-year highs following major SEC news
According to a hadith a report By Reuters Maybe the SEC is thinking about it Freezing Non-Fraudulent Cryptocurrency Cases Which are currently in the courts, with the possibility of some cases being dropped. As noted in the report, the regulator will begin overhauling its cryptocurrency policies following the departure of SEC Chairman Gary Gensler next week. The agency's new Republican majority, led by Commissioners Mark Ueda and Hester Pierce, aims to establish clearer rules for determining whether specific tokens qualify as securities. Following the news, the price of XRP rose to a multi-year high of $2.97, with Bitcoin approaching the $100,000 level. Ripple's token is now continuing its rally, trading at highs of $3.35, up 17.65% over the past 24 hours, according to CoinMarketCap. Meanwhile, the SEC is scheduled to file its opening brief in its appeal against Ripple, and it remains uncertain whether the appeal process will be halted.
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“I could just offer to acquire TikTok”: Tron founder Justin Sun
Justin Sun, founder of Tron and a prominent figure in the world of cryptocurrencies, Suggested On the X platform he could compete with Elon Musk through the potential acquisition of TikTok. This comes after reports that Chinese authorities are considering selling TikTok's US operations to Musk, who already owns X. Sun responded to X's post by user DaoKwonDo, who questioned why no one from the cryptocurrency space had come forward and offered to buy TikTok. “This would be a powerful move,” the user wrote, adding: “We can either get someone like Justin Sun from Tron or a group of whales together and make this happen.” This post was reported by The Sun He replied: “Okay, I can just offer to buy TikTok, and everything will be resolved.” Meanwhile, angel investor Anthony Pompliano has indicated that TikTok may shut down its US apps unless the Supreme Court intervenes. Currently, the court is considering arguments about the law that would force TikTok's Chinese parent company, ByteDance, to either sell its American subsidiary or ban it in the United States.
2,816,572,700,000 Shiba Inu surprised the largest cryptocurrency exchange within 24 hours
Yesterday, I saw a Shiba Inu A huge surge in transactionswith over 2.8 trillion tokens (2,816,572,700,000 SHIB) traded on Binance over a 24-hour period. This rise is largely attributed to whale traders, although it remains unclear what the specific motivations are behind their activities. A high volume of transactions may indicate that traders are either opening positions in response to market trends or preparing to trade or participate. Despite this activity, SHIB has struggled to break through critical resistance levels; At the time of writing, SHIB is trading at $0.00002197, down 0.54% over the past 24 hours, according to CoinMarketCap. Market analysts point out that the Shiba Inu ecosystem needs to implement more strategies to boost the price of the token, as the current burn activities have done little to increase the value of SHIB to the levels that investors expected.
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