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Ripple case more crucial than ever amid Coinbase, Binance SEC crackdown: Lawyers

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Whether XRP is ruled as a security or not in the Ripple case will certainly have an influence on the two latest crypto exchange lawsuits, crypto lawyers told Cointelegraph.

The judges presiding over Coinbase and Binance’s lawsuits will likely watch the results of the SEC v Ripple case closely, crypto lawyers told Cointelegraph.

Ripple has been in a legal battle with the United States Securities and Exchange Commission since December 2020, with the regulator alleging that Ripple offered unregistered securities via XRP since 2013.

On June 6 the SEC filed a lawsuit against Coinbase also alleging that it has been offering unregistered securities. A day before it filed a lawsuit against Binance containing some similar allegations.

Lawyer James Murphy, known as “MetaLawMan” on Twitter, explained in a series of tweets on June 9 that a favorable outcome for Ripple could “undermine the entire basis for the SEC’s case” against both Coinbase and Binance.

However, he also warned that “before anyone gets too excited,” a ruling by Judge Torres in the Ripple case would not be “binding precedent” for these recent filings.

This means that the judges for the Coinbase and Binance lawsuit will “not be bound to rule the same way,” as only decisions of the Court of Appeals and the Supreme Court have that influence.

Speaking to Cointelegraph, pro-XRP lawyer John Deaton believes the SEC is “well aware” that Judge Torres’ decision in the Ripple case will be published “in the very near future.”

Deaton believes that the SEC purposefully filed these new cases ahead of that result, in case the regulator faces an unfavorable outcome in the Ripple case, stating:

“I believe the SEC wanted to get those cases filed before that decision just in case it is a bad result for the SEC, possibly causing it to lose some political and legal momentum.”

Murphy believes the judge assigned to the Coinbase case, Judge Reardon, “will pay very close attention” to the determination of whether XRP is a security or not, pointing out that they serve in the same court in lower Manhattan.

He believes that Reardon would “follow the same reasoning” as to whether the 13 tokens cited in the Coinbase complaint are securities, adding that this can go “both ways,” if it’s a favorable outcome for the SEC.

XRP-friendly lawyer Bill Morgan, a consultant at Morgan Mac Lawyers, also opined that the Ripple case could have an influence over the Binance and Coinbase cases.

Morgan explained that the outcome in the Ripple lawsuit can be used as an “advantage” for either the industry or the SEC, depending on the result.

“If they lose badly in the Ripple case, they go forwards with Coinbase and Binance with a substantial judgment against them. Obviously Coinbase and Binance will use that to their advantage that the sales of XRP is not an investment contract.”

Deaton noted that he actually predicted back in 2022 that the SEC would sue Coinbase and Binance “by the way the SEC was approaching the Ripple and XRP case.”

However, he believes that the SEC will tone down its action against crypto firms once the major financial institutions adopt a greater share of the crypto market.

“Once JPMorgan, Goldman Sachs or other traditional players get a bigger slice of the crypto market then the SEC will become more reasonable” he stated.

Cryptocurrency

Analysts Post Thrilling Bitcoin Price Predictions for 2025: Where’s the Top?

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The little orange cryptocurrency was one of several digital assets in this segment that walloped 2024 gains from investing in US stocks like those in the S&P 500 Index or Nasdaq Composite.

Others, like Ripple’s XRP tokens for international settlements between large institutions, performed even better than Bitcoin. XRP was up 247% by Christmas Day in December. It notched 271% for the entire year on Wednesday.

But here’s how some leading crypto market analysts expect Bitcoin’s price to carry through some point over the 2025 calendar year.

For a basis of reference, Bitcoin traded at an average crypto exchange rate of $94,700 Wednesday evening US Eastern Time, according to data from CoinGecko.

Bitcoin Price Predictions: $80,000 – $160,000

Peter Brandt: $78,000

Brandt made a prediction on Sunday, Dec. 29, targeting a big drop in Bitcoin’s price to the $78,000 level, based on a 45-day head and shoulders top pattern.

If he’s right, BTC will have to take one step back before it advances toward the more bullish price targets for 2025. But Brandt also cautioned in the comment thread on his post, “Charts do NOT predict anything. Charts merely suggest possibilities.”

The famous stock chart technical analyst is bullish for XRP in 2025, but his outlook for Bitcoin’s price is bearish.

CoinShares: $80,000

European crypto hedge fund CoinShares’ head of research, James Butterfill, recently told CNBC that $150,000 BTC is possible in 2025. But he said a bearish correction to $80,000 is also on the cards.

“Disappointment surrounding Trump’s proposed crypto policies and doubts about their enactment could prompt a significant market correction,” Butterfill warned.

Bullish 2025 BTC Targets: $160,000 – $250,000

Standard Chartered: $200,000

British multinational bank Standard Chartered’s research head Geoff Kendrick says his office is targeting $200,000 BTC in 2025. He added that the entry of the United States government into the Bitcoin race is likely to fuel that rally.

“Even a small allocation of the USD 40tn in US retirement funds would significantly boost BTC prices,” Kendrick noted.

“We would turn even more bullish if BTC saw more rapid uptake by US retirement funds, global sovereign wealth funds (SWFs), or a potential US strategic reserve fund.”

Nexo: $250,000

Swiss-based crypto fund manager Nexo’s chief product officer, Elitsa Taskova, told CNBC, “We see Bitcoin more than doubling to $250,000 within a year.”

She points to ongoing trends in adoption by institutional finance and social indicators for the bullish outlook in 2025.

“These projections align with ongoing trends and social markers: increasing recognition of Bitcoin as a reserve asset, more Bitcoin and crypto-related exchange-traded products (ETPs), and stronger adoption,” Taskova said.

Bottom Line for Investors

Like stocks, cryptocurrency assets are held at risk. But for more than a decade, Bitcoin has delivered world-class returns during bull markets. That means it’s possible for a small allocation to BTC can substantially speed individual investment portfolios toward reaching personal finance goals.

Nevertheless, investors should do their own research before allocating funds into any asset, no matter its returns over the past year or two.

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Cryptocurrency

From $2 to $11: Popular Analyst Maps Out Ripple’s (XRP) Next Big Move

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TL:DR;

  • XRP rebounded from its most recent price slip below $2, but the asset might not be out of the woods yet.
  • However, a popular crypto analyst suggested that a potential decline toward that level again could be beneficial for XRP’s long-term price movements.
XRPUSD. Source: TradingView
XRPUSD. Source: TradingView

Ripple’s cross-border token went on a massive run after the US elections, skyrocketing by triple digits at one point and peaking close to $3. All of these gains came in the span of a few weeks, but the asset lost momentum at the start of December.

It tumbled hard on several occasions in the following weeks, with the latest decline to under $2 transpiring last Monday – December 30. This came during the most recent market-wide correction.

However, the popular crypto asset reacted well to this decline and shot up by over 20% since then, currently sitting at around $2.45. Consequently, XRP has regained its spot as the third-largest cryptocurrency by market cap by surpassing Tether’s USDT.

According to analyst Ali Martinez, XRP still stands below a steep resistance level of $2.73, which has stopped its price ascent on a couple of occasions during this rally. If the asset fails to overcome it soon, it could slump back to $2.05.

However, Martinez actually believes that such a scenario could be a blessing in disguise for XRP, which could catapult it toward a fresh all-time high above $3.4 (CoinGecko data) and all the way up to $11.

It’s safe to say that $11 sounds quite extraordinary for XRP. Such a price tag would put the asset’s market cap at well over $600 billion, which would help it top Ethereum in that regard. Although this might sound plausible under a friendlier Trump administration, it’s still a long way away and falls under the category of exaggerated price predictions.

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2 Strong Indicators US Investors Are Flocking Back to Bitcoin

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The landscape around bitcoin after the last FOMC meeting for 2024 in the US turned upside down, with local investors pulling funds out of the ETFs and the Coinbase Premium Index declining to yearly lows.

However, on-chain data shows that US investors are back on the BTC front, with massive accumulations.

ETFs Demand Returns

During the aforementioned meeting at the highest levels in the US central bank, Fed Chair Jerome Powell warned that there might be fewer or even no rate cuts in 2025 due to rising inflation. US investors reacted immediately and started pulling funds out of riskier assets like BTC and crypto.

Within the next four trading days, they withdrew more than $1.5 billion out of the US-based Bitcoin exchange-traded funds. December 26 was the only day well in the green, as December 27, 30, and January 2 saw more net outflows. Even BlackRock’s IBIT, the world’s largest Bitcoin ETF, was posting negative records.

However, this changed on Friday, January 3. The total net inflows for the day shot up to $908.1 million, according to FarSide data. IBIT was actually second with $253.1 million, trailing behind Fidelity’s FBTC with $357 million. Ark Invest’s ARKB also had a strong presence, attracting $222.6 million. This became the best day in terms of net inflows since November 21.

Coinbase Premium Index

The other metric that showcases US investors’ overall behavior toward bitcoin and crypto is the Coinbase Premium Index, which measures the BTC price difference between Coinbase and Binance. When it shoots up into positive territory, this means that US-based investors are accumulating heavily, and vice versa.

The metric recently plunged to a yearly low, as reported, which coincided with the growing ETF outflows after the FOMC meeting. Now, though, CryptoQuant data shows that it has returned to neutral territory almost immediately after posting that low. This shows that “sentiment by the US and institutional investors is back.”

Bitcoin Coinbase Premium Index. Source: CryptoQuant
Bitcoin Coinbase Premium Index. Source: CryptoQuant
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