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Crypto News Digest by U.Today By U.Today
U.Today – U.Today brings you an overview of last weekend’s crypto events with the top three stories.
CEO Celebrates Historic SEC Ruling on XRP One Year Later
July 13 marks a major milestone in the history of Ripple and XRP; that day, one year ago, the court officially declared the Ripple-affiliated token not a security in and of itself. Celebrating this remarkable anniversary, Ripple CEO Brad Garlinghouse took to the X platform to share some of his thoughts on the company’s victory. “July 13, 2023, that day was a beautiful day, for Ripple and the entire industry. And for me personally, a seminal memory,” Garlinghouse wrote. He criticized the SEC’s efforts to suppress cryptocurrency business through “failed lawsuits, misleading rhetoric, slander, and intimidation,” saying the agency’s actions remain wrong, “They were wrong then. And they are wrong now.”
(SHIB) to unveil rare model for the first time in 2024
SHIB enthusiasts are now closely watching the charts of their favorite dog-themed meme token, as it is about to reveal a moving average crossover for the first time in 2024. Data from TradingView shows that the 50-day and 200-day daily SMAs are expected to converge within a few days. The 50-day and 200-day SMAs are commonly used by traders to gauge market trends, with crossovers resulting in either a golden cross or a death cross. When the 50-day simple moving average crosses above the 200-day SMA, it forms a bullish pattern known as a golden cross, which indicates a potential recovery. On the other hand, when the 50-day SMA crosses below the 200-day SMA, a death cross is formed, a pattern that signals a potential downtrend. Currently, it remains to be seen which of these crosses SHIB will experience.
Michael Saylor Issues Crucial Warning to German Community
In a recent post on X, MicroStrategy co-founder and Bitcoin advocate Michael Saylor issued an important warning to the German government and the country’s BTC community. To ensure there were no language barriers between his idea and German Bitcoin enthusiasts, Saylor addressed them in their native language; he wrote, “Du verkaufst deine Bitcoin nicht,” which translates to “Don’t sell your Bitcoin.” Earlier this year, Saylor posted similar messages to the global Bitcoin community a few times when the BTC sell-off began and the price began to plummet. According to Lookonchain data, the German government gave away 50,179 BTC, valued at about $3.3 billion.