“Plaintiff Securities and Exchange Commission provides this notice that it does not intend to file an amended complaint in this matter,” declared the regulator’s lawyer, Matthew Gulde, in a letter to New York District Court Judge Carol Bagley Amon. A letter, mind you! As if the fate of a billion dollars could be settled with a mere scribble. ✍️
Today, a modest 5.8 million PI tokens are unlocking—little peanuts, really—while the real tsunami, a whale-sized 223 million tokens, is scheduled to dump its load in the next 30 days. If you’re wondering how this affects the price, think of it like tossing a giant bucket of ice water on a hot stock—spoiler alert: it’s chilly.
Our plucky XRP hero began scaling from the $2.0650 and $2.10 foothills, gallantly following Bitcoin and Ethereum’s lead like a loyal yet slightly confused sidekick. It catalogued its ascent through $2.120 and $2.150, pausing to catch breath and maybe sip some digital lemonade.
After lurking above $85,000 with the patience of a cat stalking a laser dot, Bitcoin decided to spring into action, scaling $88,000 and then $90,000 resistance levels like a caffeinated squirrel.
Oh, but wait, CoinMarketCap’s Altcoin Season Index is sitting at a sad little 16 out of 100. Yep, you heard it right. Altcoin Season? More like Altcoin… hibernation. Last week it was a measly 15, and let’s not forget the glorious days of December when altcoins were running wild with a peak of 87. So, uh, yeah… you can see how that’s going.
Matthew Sigel, the digital assets expert at Vaneck (no, it’s not a name for a wizard from a forgotten realm), is here to burst your bubble. He took to social media (aka X, formerly known as Twitter, because we can’t have anything simple) to publicly demolish the idea that Microstrategy (which, for reasons that escape logic, has now decided to rebrand as “Strategy”) is somehow pulling the strings on Bitcoin’s price. Spoiler alert: They’re not.
That notorious 26 EMA, stationed most purposefully ’round $2.13, commands our attention. This figure hath, with stern consistency, repelled XRP’s advances in times gone by, as if stepping forth to say, “Not so fast, dear lad.” Should our intrepid XRP succeed in securing a position beyond this sentinel, the path might then be cleared for a spirited jaunt toward $2.20 and beyond—much to the delight of optimists and speculators alike.
With the ever-glittering $90,000 just shy of a wink away, all eyes are glued to the crowd who bought into this circus—aka, the investor cohorts—and what price they’d feel comfortable selling their digital unicorns for.
Upon the fateful day of April 21, when Mr. Paul Atkins was ceremoniously raised to the helm of the Securities and Exchange Commission, Mr. Mark Uyeda, having played the role of Acting Chairman these past three months—or so the chronicles tell us—paused to muse upon his fleeting dominion over this curious realm of digits and dreams known as crypto.
Ever since those infamous ‘Liberation Day’ tariffs popped up in April, our king coin has been as shy as a cat in a room full of rocking chairs—keeping pace with jittery U.S. stocks.