WATCH: “Breaking News: AI Legalese Decoder Revolutionizes NEU! SEC Waves the White Flag! Ripple and Bitcoin Soar with Greyscale’s Impact”
- October 22, 2023
- Posted by: legaleseblogger
- Category: Related News
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Exciting news awaits us today in this video. We have updates on why XRP has surged by 6% and what’s happening with Bitcoin. It’s an interesting and exciting development in the charts, as they have once again hit our targets. So, stay tuned for the most important news and the most gripping charts in this space. Don’t forget to hit the like button. Now, let’s dive into the current sentiment parameter in the crypto market. We are currently at 53 points, which puts us in the neutral zone. It’s fascinating to see XRP experiencing a pump of over 6%, and people are becoming enthusiastic again. The FOMO trail has started once more, and the entire crypto space is paying attention and reacting to these small news updates. However, we should remember that these are relatively minor developments. The SEC has made it clear in their statement that they will no longer pursue the security charges against Ripple’s executives and chairman. Their reason for this decision is to focus centrally on the Ripple case, conserving resources, saving money, and avoiding mistakes. Whether this is positive or negative for Ripple remains to be seen. In the overall picture, Ripple has already achieved a partial victory in their case. However, experts are divided on when this process will reach a definitive conclusion. Some believe it could happen as early as this year, while others think it may take two to three more years. Personally, I am curious to hear your opinions. Do you think the SEC’s decision is a retreat due to realizing they may have spread themselves too thin? Or is it a tactical strategic move? Share your thoughts below; I am genuinely interested in hearing your opinion. Moving on to Binance. We have discussed Binance before, and I recommend not keeping your funds on their platform for certain reasons I have previously mentioned. Recently, Binance announced a positive development, claiming to have a new Euro Fiat partner for deposits and withdrawals. However, I questioned the timing and context of this announcement. Although the partnership has been officially announced, it seems there could be other underlying motives behind this news. For instance, the recent resignation of the CEO of BEFinity UAB, a registered Lithuanian subsidiary of Binance responsible for payments, raises questions. Does this resignation correlate with the timing of the Euro Fiat partnership announcement? Or was it an individual mistake? I don’t have the answers. It’s a fact that Binance has laid off many employees, including top managers, or at least that’s what has been claimed by some reports. We must be cautious here. Binance is facing many lawsuits, and the pressure from regulations is increasing globally. They may soon have only Singapore as their main base of operations, and it’s uncertain whether that will be enough to maintain their leading position in the market. Analyzing the outflow data and on-chain data at Binance, we can observe significant weekly outflows. Although these are still relatively small amounts, we should not overlook the cumulative effect of these small withdrawals. Additionally, there have been some positive developments that have sparked a bit of a bullish sentiment lately. On Monday, the SEC announced that they would not appeal a certain ruling, and this deadline might mark the end of the case. However, there’s a possibility that the judge could set a timeline for the SEC to fulfill certain requirements and implement them. If this happens, Grayscale’s Bitcoin Trust (GBTC) could become the first spot ETF, although I’m not as optimistic or euphoric as some members of the community. I believe that BlackRock or even 21Shares of Ark Invest may have a better chance of obtaining this status earlier. Some experts predict that a decision will be made within the next few months, while others suggest it could take until Q1 of next year. It’s an exciting time to closely monitor these developments and see if they have a significant impact on the market. If Grayscale does secure the spot ETF and it leads to a market push, I believe it may not have the same leverage as a potential approval for BlackRock. One reason for this is that Grayscale has already secured the Bitcoin it needs, while BlackRock is likely accumulating it from large mining companies or other sources. The exact process is still unclear. Now, moving on to interest rates. Jerome Powell made some statements on Thursday that caused mixed reactions in the market. There is talk of a potential rate shock in the US, with bond yields surpassing 5%. Of course, we need to keep things in perspective, but there are some significant factors to consider. Powell stated that all options remain open, but they will proceed with caution, especially due to the geopolitical tensions that pose risks to economic growth. The ongoing oil crisis and the involvement of the US in various global conflicts further complicate the situation. The financial burden of maintaining these military operations is not easy, especially with another potential government shutdown on the horizon. In November, we could face another financial challenge. Despite these difficulties, Powell’s statement led to a reevaluation of the statistics, and over 99% of them indicate that… [to be continued]
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ƒô║ VIDEO DESCRIPTION:
The SEC has dropped its lawsuit against Ripple, including its CEO Garlinghouse and Chairman, stating that they are now focusing solely on the core case against Ripple. Grayscale may receive a boost from the judge’s decision, indicating a bullish sentiment within the community. Interest rate shock in the United States, what is the current situation?
Bitcoin Chart – Target reached again! What’s next for BTC, ETH, and XRP. Find out all the important details in today’s video!
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00:00 Intro
00:47 Fear & Greed Index
00:58 SEC drops lawsuit
02:43 Binance announces new Euro fiat partners for deposits and withdrawals
04:52 Final ruling on the Grayscale ETF case goes to the Federal Court as the SEC loss is formalized
07:10 Interest rate shock in the USA
12:08 Information about CrowdSwap
12:43 S&P 500 4h chart analysis
13:36 BTC weekly chart analysis and heatmap
15:53 BTC 4h chart analysis
17:11 ETH 4h chart analysis
18:17 XRP 4h chart analysis
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