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U.Today has prepared the three main stories of the past day.
“Infuriating”: Ripple CEO breaks silence on SEC appeal
On Wednesday, October 2, the XRP community was shaken by the SEC’s decision to appeal the Ripple case. The development was commented on by many figures in the crypto industry, with Ripple CEO Brad Garlinghouse being among the first. share your point of view. In a recent MessageGarlinghouse wrote that the SEC and its chairman Gary Gensler should have dropped their lawsuit against Ripple because it failed to protect investors and damaged the agency’s reputation. Calling the appeal “infuriating” and “misguided,” the Ripple boss said his company would fight in court “for as long as it needs to.” Meanwhile, the SEC has not yet clarified what exact issue it plans to appeal, leaving open the possibility that it will challenge the July 2023 decision that distinguishes institutional sales from programmatic sales. The agency could also choose to appeal the court’s final ruling in August.
Market rule number one regarding the “Uptober” pump shared by SHIB leader
Lucie, Shiba Inu marketing manager, recently adopted the X platform address the community’s concerns about the current “Uptober” not meeting their expectations. In her job yesterday, she shared “Market Rule #1”, which covers not only “Uptober” but also how things work in the market for traders in general. According to the rule, the nature of market forces is unpredictable and assets can increase either right after the sale or unexpectedly at other times: “Market Rule #1: It will increase the second you sell OR it will increase when you least expect it. it.” Concluding her post, Lucie wrote that “Uptober” is not just a 31-day period but a period of potential surprise gains. Meanwhile, SHIB caught a recovery wave, trading in up 10.72% in the last 24 hours to $0.00001737 at the time of writing, according to CoinMarketCap.
Related
7,240% Bitcoin Gains Made by Dormant BTC Whale as “Uptober” Kicks Off
YesterdayOctober 3, whale warning service spotted the resurgence of an old Bitcoin wallet that had been dormant since 2014. This wallet, containing 99 BTC, saw an incredible increase in value, from $83,068 to around $6,097,440, or gains of around 7,240 %. This is the fourth Bitcoin wallet to return from dormancy this week. On Tuesday, October 1, a whale wallet holding 21 BTC since 2013 awoke, with its holdings now worth $1,307,996. On the same day, two other wallets, containing 41 BTC worth $2,611,481 and 77 BTC valued at $4,902,160, were also reactivated. The activity of these former whale wallets aligned with the start of October, historically known as “Uptober” for its association with Bitcoin rallies. Currently, Bitcoin is changing hands at $61.632, up 2.51% over the past 24 hours, according to CoinMarketCap data.
