Ripple CEO Celebrates Historic XRP SEC Ruling, Shiba Inu to Reveal Rare Pattern First Time in 2024, Michael Saylor Issues Crucial BTC Warning to German Community: Crypto News Digest by U.Today

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As a seasoned financial analyst with a background in cryptocurrencies and a strong belief in their potential, I can’t help but be excited about the recent developments in the crypto world. Over the past year, I have witnessed some truly remarkable milestones that have shaped the industry’s landscape, and three stories from the past weekend stand out as particularly noteworthy.

U.Today offers a summary of the notable crypto happenings from the previous weekend, featuring the three most significant news items.

Ripple CEO celebrates historic XRP SEC ruling one year on

Exactly one year ago, on July 13, 2023, marked a pivotal moment in Ripple and XRP‘s history. On this day, the court made an official declaration that the Ripple-linked token is not classified as a security. To commemorate this significant milestone, Ripple’s CEO, Brad Garlinghouse, took to his X platform to share some of his thoughts on the company’s triumph. In his post, he expressed his satisfaction with the outcome, stating, “July 13, 2023 – a day that will always hold a special place in my memory.” He also criticized the SEC’s actions against the crypto industry, expressing his belief that their attempts to stifle the business through failed lawsuits, misleading rhetoric, defamation, and intimidation were unwarranted. Garlinghouse firmly believed that the SEC was wrong then, and they continue to be so now.

Shiba Inu (SHIB) to reveal rare pattern first time in 2024

Shibuyu Inu token supporters are keeping a close eye on its price charts as they anticipate the first moving average convergence in 2024. According to TradingView data, the daily Simple Moving Averages (SMA) of 50 and 200 are expected to intersect soon. These averages are widely used by traders to assess market trends, with a crossover resulting in either a bullish or bearish signal. When the SMA of 50 days rises above the SMA of 200 days, it forms a bullish pattern called a “golden cross,” which may indicate an upcoming price increase. Conversely, when the SMA of 50 days falls below the SMA of 200 days, it creates a bearish pattern known as a “death cross,” signaling a potential decline. At this point, it is uncertain which trend SHIB will follow.

Michael Saylor issues crucial Bitcoin warning to German community

Michael Saylor, MicroStrategy co-founder and Bitcoin advocate, recently issued a cautionary statement in German to the German government and Bitcoin community. Translated to their native language as “Du verkaufst nicht deine Bitcoin” or “Do not sell your Bitcoin,” Saylor’s message aims to bridge any potential language gaps. Earlier this year, he urged the global Bitcoin community to hold on to their Bitcoin during market downturns several times, with BTC sell-offs and price declines. As per Lookonchain data, the German government has offloaded 50,179 BTC, valued at around $3.3 billion.

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2024-07-15 19:31