Cryptocurrency
Ripple v. SEC Lawsuit Updates, BTC Price Volatility Ahead of US Election, and More: Bits Recap Nov 4

TL;DR
- Ripple-SEC lawsuit continues, with the next key filing due by January 2025.
- Bitcoin’s price recently surged to nearly $73,600 before dropping to around $67,400, potentially influenced by political factors.
- Ethereum plunged from $2,700 to $2,400, with analysts watching key support levels.
The Prolonged Lawsuit
The legal battle between Ripple and the US Securities and Exchange Commission (SEC) remains ongoing approximately four years after its start. It all began in 2020 when the agency accused the company of illegally raising more than $1.3 billion in an unregistered securities offering by selling XRP.
Last year, the case reached a pivotal moment after Federal Judge Analisa Torres ruled that the firm’s XRP sales to retail investors on crypto exchanges did not violate US securities laws. The regulator officially appealed the decision a month ago, triggering a fresh doze of uncertainty. The action means that the lawsuit entered a new phase comprised of filings and a briefing process, with its final resolution most likely delayed for another few years.
It is worth mentioning that Ripple responded to the SEC with a cross-appeal, outlining some fundamental points for the magistrates to consider. The first question is whether an “investment contract” under the 1933 Securities Act requires a formal agreement, post-sale duties, and buyer profit rights. This could potentially redefine the interpretation of digital asset transactions.
The second point disputes the lower court’s ruling that the company’s XRP transfers meet the SEC v. W.J. Howey Co. case criteria, which established the Howey Test to determine what qualifies as an investment contract. Ripple claims that its transactions did not resemble an investment of money in a common enterprise, with profits dependent entirely on the firm’s efforts.
Third, the company focused on “fair notice” (a term referring to the legal principle that a person or entity must be given clear and adequate details about the laws or regulations that apply to their actions). It insists that it provided potential XRP buyers with sufficient information about the uncertainty related to cryptocurrencies.
Lastly, Ripple questioned the clarity of the injunction from Judge Torres (who ordered the company to pay a $125 million fine for violating certain securities laws), claiming it only instructs the company to follow the law without enough specifications.
Most recently, James K. Filan (a US attorney who closely observes the legal tussle) said the Second Circuit Court of Appeals has ordered that the Commission’s brief must be filed on or before January 15, 2025. Failure to act by the deadline may result in dismissal of the appeal.
How’s BTC Doing?
The primary digital asset has been one of the hottest topics in the crypto space due to its rapid price swings in the past week. Its valuation soared from $68,000 (per CoinGecko’s data) on October 28 to $73,600 (almost a new all-time high) 24 hours later.
It consolidated at around $72K in the next two days, plunging sharply toward the end of the month. The bulls attempted to push the price on November 1, but the rally was short-lived, and BTC kept losing ground. It dropped under $68,000 on November 3, currently worth approximately $68,500.
One factor potentially contributing to the asset’s poor performance recently is Donald Trump’s declining odds of winning the US presidential elections. Last week, the Republican had a massive lead on Polymarket: 66.9% versus 33.1% for his opponent, Kamala Harris. The picture looks much different now, with Trump’s figure standing at 57.5%, while the Democratic candidate follows with 42.6%.
According to many industry participants, the former president is the better choice for the digital asset market, considering his pro-crypto stance indicated throughout his campaign. Recall that Trump promised to make America a leader in bitcoin mining and hinted at establishing a strategic BTC reserve.
We have yet to see whether the Republican can enter the White House as a winner again and if he will stand by his commitment.
What About ETH?
The second-largest cryptocurrency spiked above $2,700 on October 30. Like BTC, though, it headed south and is currently hovering at around $2,460.
According to some analysts, ETH remains on a bullish path as long as it trades above certain resistance zones. The X user Ali Martinez believes it can skyrocket to a new ATH of $6,000 if it doesn’t plunge below $2,400. ETH dropped to as low as $2,417 on November 3, still holding the depicted level.
Poseidon, on the other hand, promised to cash out their holdings if Ethereum’s price tumbled below $2,450.
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Cryptocurrency
NEXST Launches Web3 VR Entertainment Platform with K-Pop Group UNIS as First Global Partner

[PRESS RELEASE – Dubai, UAE, July 7th, 2025]
Revolutionizing fandom with AI, VR, and Web3 technology
Leading the next wave of immersive digital entertainment, NEXST proudly announces the launch of its groundbreaking VR division, powered by cutting-edge AI, VR, Web3, and Real-World Assets (RWA). The platform’s first major collaboration features rising global K-Pop sensation UNIS, making their virtual debut in a revolutionary new format.
As a next-generation AI-driven entertainment platform, NEXST is on a mission to reshape how fans connect with artists. With immersive VR content, real-time interactivity, and digital ownership through Web3, NEXST offers fans an entirely new way to experience music and storytelling.
“We believe the future of entertainment is immersive, decentralized, and artist-centric,” said Axel Gutman, Co-Founder of NEXST.
“Welcoming UNIS to the NEXST VR LIVE platform is just the beginning. We’re excited to announce more collaborations with global artists and top K-Pop stars in the coming months.”
Introducing NEXST VR LIVE: Immersive Web3-Enabled Experiences
NEXST VR LIVE is a dedicated division focused on creating immersive XR experiences using Virtual Reality (VR), Augmented Reality (AR), and Mixed Reality (MR). This initiative bridges globally famous artists, beloved IPs, and interactive VR environments—seamlessly integrated with Web3 technology.
Key features include:
- Virtual concerts and performances with world-class artists
- Interactive fan experiences powered by AI
- Web3 integration that allows fans to own, trade, and participate in the entertainment economy
- A smooth Web2-to-Web3 transition for mainstream fans
Inaugural Artist Announcement: K-Pop Powerhouse UNIS Joins NEXST VR LIVE!
Kicking off the launch is UNIS, the powerhouse K-Pop girl group formed through SBS’s hit survival show UNIVERSAL TICKET. Since their 2024 debut with WE UNIS and breakout single SUPERWOMAN, UNIS has captured the hearts of fans worldwide with their energy, vocals, and fierce Gen Z appeal.
By partnering with UNIS, NEXST taps into a vibrant, global fanbase—helping transition millions of Web2 music fans into the Web3 world.
$NXT Token: Powering the Web3 Entertainment Economy
The $NXT token powers the NEXST entertainment platform with real-world and digital utilities that enhance fan engagement, access, and ownership.
- Exclusive Access: Unlockig VR concerts, discounted live tickets, VIP events, and early content drops.
- AI & Fan Interaction: Accessing premium AI agent features, advanced LLM tools, and participate in artist growth via fan voting.
- GameFi Rewards: Earning $NXT through gameplay, unlock in-game NFT items, and receive exclusive airdrops.
Details about the $NXT will be released soon via NEXST’s official social channels.
The Road Ahead: NEXST’s Vision for a Connected Future
NEXST will continue to push the boundaries of innovation by integrating AI, VR, and Web3 technologies across various entertainment domains, including music, live performances, and fan communities. Following UNIS, we aim to deepen collaborations with a diverse array of global artists and IPs, consistently delivering next-generation entertainment experiences that foster deeper connections between fans and artists.
We invite you to anticipate more groundbreaking events, collaborations, and updates as we collectively build the future of entertainment.
About NEXST
NEXT INNOVATIONS TECHNOLOGY L.L.C is a cutting-edge entertainment platform developer based in the UAE, dedicated to pioneering next-generation digital experiences.
Staying Connected with NEXST
About UNIS
UNIS is an 8-member South Korean girl group formed through SBS’s survival audition program UNIVERSE TICKET. After debuting on March 27, 2024, with their first mini-album WE UNIS, they have remained highly active, releasing their first single album CURIOUS in August of the same year and unveiling SWICY in 2025. Since their debut, they have continued to expand their global presence through various music shows and events.
UNIS Official Channels
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Cryptocurrency
We Asked Gemini, ChatGPT, Grok Where Cardano (ADA) Will End 2025: The Verdict Will Surprise You

TL;DR
- With bitcoin sitting close to its all-time high of almost $112,000, the general perception among traders and investors is that the bull market is still going on.
- As such, we decided to ask a few of the biggest AI solutions (Grok, ChatGPT, and Gemini) about one of the most popular altcoins – ADA, and its market potential this cycle.
How High Can ADA Go?
Unlike our similar article regarding XRP, the AI solutions provided more skeptical and, in some cases, bearish price predictions for ADA. ChatGPT, for example, warned investors not to anticipate fireworks from Cardano’s native token by the end of the year, stating, “Expect ADA to float in the $0.55-$0.65 range early in H2.”
Its most aggressive scenario envisions a price surge to somewhere between $1-$2, but said it’s not very likely the asset will go this high. Additionally, it cautioned users that if market support falters in the following months, ADA can drop well below its current levels of around $0.6.
Grok was slightly more bullish on the token’s future price trajectory. Its most realistic price range by the end of the year is “likely between $0.9 and $2.05, with an average around $1.21 and $1.48 if key resistance levels (e.g., $1.1) are breached and market conditions remain favorable.”
It touched upon some of the most extreme predictions circulating online, such as ADA at $7, but labeled them as “less credible without unprecedented adoption.”
Gemini described the overall market sentiment toward Cardano as “cautiously optimistic.” However, it warned that its price could struggle for the next few months and end the year at $0.55, which would mean a lower level than the current one.
What Would Drive This Volatility?
Although their price targets for the end of the year differentiated, the AI solutions were united in terms of what could drive the price gains or losses.
If ADA is to surge toward the most bullish zones outlined in the previous paragraphs, certain factors need to be aligned, ChatGPT, Grok, and Gemini said. One of the most important is the potential approval of a spot ADA ETF in the US. The current odds, according to Polymarket, are above 80% for a green light, and several companies have filed to launch such financial vehicles.
If approved, they can attract significant institutional interest, which would be a price booster. Other factors that could send ADA higher include technical upgrades, such as the January-implemented Plomin, which introduced a more sophisticated on-chain governance procedure, expanding the blockchain’s DeFi capabilities, and the overall market structure.
However, the AI chatbots also indicated that regulatory uncertainty, ecosystem stagnation, or broader market downturns could cap ADA at $0.6 or push it even lower. Consequently, the trio warned that investors should do their own research and not rely solely on AI-based predictions.
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Cryptocurrency
Ethereum Price Analysis: Is ETH Primed for Further Gains After Surge Past $2.5K?

Ethereum recently broke above the 200-day moving average and completed a pullback; however, the lack of strong bullish momentum suggests a higher likelihood of continued sideways consolidation.
Technical Analysis
By ShayanMarkets
The Daily Chart
After a period of consolidation between the 100-day and 200-day moving averages, ETH successfully broke above the 200-day MA at $2.5K, followed by a pullback. While this move is typically viewed as a bullish signal, ETH has failed to demonstrate strong follow-through, indicating weak market participation and insufficient bullish momentum.
As a result, the likelihood of continued sideways consolidation has increased. Currently, the price remains trapped between the 200-day MA and the critical $2.8K resistance level, with a decisive breakout in either direction needed to establish the next major trend.
The 4-Hour Chart
On the lower timeframe, Ethereum’s recent rally was halted at a key bearish order block between $2,625 and $2,670, a zone that has consistently attracted selling pressure. The rejection has led to a retracement toward the $2.5K support level — a historically significant zone where buyers have previously stepped in.
As anticipated, ETH found temporary support here and attempted a minor rebound. However, the current lack of trading volume and diminished bullish momentum suggests the potential for another rejection at the overhead resistance. Until a breakout above $2,670 or below $2.5K occurs, Ethereum is expected to remain range-bound.
Sentiment Analysis
By ShayanMarkets
This chart presents the Binance Liquidation Heatmap, highlighting zones where significant liquidation events are likely to occur. These areas often act as liquidity magnets, attracting price action due to the concentration of leveraged positions. Large market participants, commonly referred to as whales, tend to exploit these zones to enter or exit positions efficiently.
Currently, a prominent cluster of liquidation levels is situated just above the $2.6K mark, suggesting a strong likelihood that Ethereum’s price could gravitate toward this region. If reached, it may trigger a short-squeeze, fueling further upward momentum and potentially propelling ETH toward new local highs.
Conversely, another substantial liquidity pool resides below the $2.5K level, implying the possibility of a downward move to tap into this zone. As a result, Ethereum remains confined within a tight range between these liquidity clusters, awaiting a decisive breakout to determine the next directional move.
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Cryptocurrency charts by TradingView.
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