Altcoin
Settlement, Appeal, & Judge Torres’ Final Ruling Timeline
Ripple Vs SEC News: Experts claim the long-running XRP lawsuit is to conclude really soon as Judge Torres’ final ruling could come this year, most probably in September. The tussle between the U.S. SEC and Ripple Labs will continue, currently in remedies phase, until an imminent appeal and settlement.
The Securities and Exchange Commission (SEC) is to submit its final reply in the remedies phase today, May 6. Ripple objected to the SEC’s nearly $2 billion in disgorgement, prejudgment interest, and civil penalty. Ripple argues the company is only liable to a penalty not exceeding $10 million.
Expert Says Ripple Vs SEC Settlement Is Imminent
Ashley Prosper, an expert on the XRP lawsuit, said the SEC’s final reply in the remedies phase is crucial for the Ripple v. SEC case as parties could confer on potential penalties for XRP institutional sales and reveal terms of potential settlement.
After the reply briefs, the parties and third parties are to file letter motions and opposition related to sealing details in the filings until May 20. This could easily extend the lawsuit to June.
XRP lawyers predicted a final ruling to come substantially quicker than the summary judgment rulings, within 60 to 90 days after the last brief. Similarly, Ashley Prosper claims the XRP community has to wait until July or August, even September for Judge Torres’ final ruling.
Are Appeal and Settlement Likely?
Ripple and the SEC are most likely to appeal lost motions and rulings in the XRP lawsuit. The SEC to appeal Judge Torres’ summary judgment ruling on XRP programmatic sales. Whereas, Ripple will appeal the motions SEC won in the lawsuit.
Moreover, Ripple could file an appeal if the penalties are ruled to be higher and not in terms of Ripple’s arguments. The company argues the SEC’s allegation that institutional investors suffered pecuniary harm is weak for disgorgement.
Lawyer Bill Morgan said, “I am really looking forward to seeing what the SEC says in its Reply Brief about Ripple’s argument that the permanent injunction should not be granted or, if granted, should be restricted.” He believes the injunction is more crucial than how much Ripple is ordered to pay. The SEC’s intention to permanently stop Ripple’s sales to ODL customers raises speculation.
A settlement can happen between the parties after the final decision by Judge Torres, probably to prevent appeal. It can happen any time between now and any potential appellate court ruling, said Ashley Prosper.
XRP Price Can Rally From Here
The SEC lawsuit has cut off XRP price rally as the price continued to move near $0.5. A final decision in the Ripple Vs SEC is a major catalyst for XRP price rallying to $1 at least, with support from bull market.
XRP price trades over $0.53, up nearly 1% in the last 24 hours and 5% in a week. The 24-hour high is $0.547, with trading volume rising more than 76% in the past 24 hours. As CoinGape predicted, any positive developments in the lawsuit can push prices to at least over $0.55.
XRP futures OI maintains over 1 billion XRP after a jump in last week. There’s a massive buying activity by derivatives traders, with XRP futures OI jumping over 8% in 24 hours and 2% in the last hour.
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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Over time, Ethereum, the second-largest crypto asset and largest altcoin, has often spearheaded an Altcoin Season due to its significant performance after the market shifts from a Bitcoin season to an altcoin season in each bull market cycle. In spite of this waning performance of the king of alts, an altcoin season is still likely to occur in the near term.
Is An Altcoin Season On The Horizon?
With the heightened volatility and BTC’s robust market dominance, the possibility of an Altcoin Season happening in this cycle is looking slim. However, an on-chain expert and the CEO of Alphractal Joao Wedson believes that this sustained Bitcoin’s dominance could be laying the groundwork for a huge altseason in the foreseeable future. Historically, altcoin seasons have followed periods of Bitcoin dominance.
Joao Wedson highlighted that Ethereum’s waning performance has strangled other alts in the ongoing market cycle, but an altcoin season “is just a matter of time.” With the alt market struggling to gain dominance and ETH facing headwinds, traders hope for a shift that might spur renewed gains across the altcoin sector.
In the X post, Wedson delved into altcoin market dominance with Ethereum, revealing an interesting trend. According to the expert, altcoin dominance is declining, while altcoin dominance excluding Ethereum and Stablecoins has remained sideways and in a neutral zone since late 2022.
This development implies that Bitcoin has drained most of Ethereum’s market capitalization. Presently, Bitcoin’s dominance has increased to 62%, and BTC and Stablecoin’s dominance has risen to nearly 71%. Meanwhile, Ethereum and all other alts dominate only 29% of the general market.
Bitcoin and Stablecoin‘s market dominance may seem like a threat to the upcoming altcoin season. However, the interesting part is that the higher the BTC and Stablecoin dominance rise, the more robust the next altcoin season will be, which Wedson claims is only a matter of time away.
BTC And Stablecoins Stealing The Spotlight
Daan Crypto Trades, a technical expert and trader, has also shared insights on the subject, highlighting that the altcoin market cap has declined sharply, leading to a drop in altcoins’ dominance. Although it was on track for a while, the steady growth of Bitcoin and Stablecoins has put the alt dominance under serious pressure within the crypto market.
Given the dilution amongst them, individual alts have performed horribly. Thus, for altcoins to regain dominance over Bitcoin, Stablecoins, and other major assets, the ETH/BTC pair needs to gather some momentum first.
Daan Crypto Trades claims Ethereum often plays a massive role in getting a wider altcoin performance. This is because many liquidity pools are denominated in ETH, and most coins are developed on it. Therefore, for altcoins to run, this wealth effect for ETH and majors is essential.
Until this is the case, the analyst urges investors not to get into the market. Even though alt rallies are usually brief, there is frequently a high timeframe retest. Once it is evident that the trend is changing, Daan Crypto Trades believes this is the ideal time to get involved in the action.
Featured image from Unsplash, chart from Tradingview.com
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Renowned social media influencer John Squire has recently sent shockwaves across the broader crypto industry by saying, “XRP rise will trigger countless early retirements.” On Thursday, April 03, the influencer shared an X post conveying that Ripple investors could make enough earnings for early retirements, signaling that a bull run awaits. Crypto market traders and investors are left wondering if a price rally is really possible amid recent favorable advancements.
Particularly in the wake of a looming ETF approval and the U.S. SEC’s recent closed-door meeting that is set to offer clarity in the ongoing lawsuit, market watchers remain optimistic about Squire’s bold statements.
John Squire Bullish On XRP Price? Recent Comments Spark Speculations
John Squire’s X post reflected a highly bullish outlook about the crypto’s long-term prospects as it hinted that its investors could make enough earnings for early retirements. The statement could potentially be accurate due to a stockpile of factors impacting the coin’s market sentiment lately.
Ripple vs SEC Lawsuit: Clear Waters Ahead?
The U.S. regulator is set to conduct a closed-door meet today, with speculations mounting up around Ripple’s lawsuit’s conclusion. This meeting is expected to clear the waters around the ultimate resolution of the lawsuit after the SEC previously dropped cross-appeals.
While some believe that an imminent settlement between both the parties is ahead, others assume a final resolution could still take some time. Nevertheless, with the conclusion of today’s meeting, market watchers expect regulatory clarity about whether or not XRP is a security.
Pro-crypto endeavors across America, including Paul Atkins’ appointment as the new SEC chair, collectively signal that the lawsuit could end in favor of the American blockchain payments company. The native crypto could substantially leverage a bullish sentiment, given this happens.
ETF Odds Gain Weight
Simultaneously, the rising bets of a looming XRP ETF approval have added to bullish sentiments about the coin’s future aspects. CoinGape earlier reported that renowned market experts predicted a Ripple ETF approval would be shortly ahead.
On the other hand, Polymarket data shows that ETF approval odds in 2025 are at 75%. These broader developments collectively signal that ETF approval by U.S. regulators lies ahead.
XRP Price Overview
XRP’s price lost nearly 4% in value in the past 24 hours and closed in at $2.04. The coin hit a bottom and peak of $1.99 and $2.22, intraday. Today’s waning price action is in sync with a massive 1 billion token unlock from escrow.
Whale Alert’s data on X revealed that the American blockchain company unlocked 1 billion coins, worth nearly $2 billion, from escrow recently. This unlock comes as a part of the firm’s strategic monthly releases that raise the asset’s market supply. As a result, the price today takes a hit, abiding by the law of supply and demand. CoinGape previously reported that Ripple also moved another 1 billion coins in light of its escrow endeavors.
Nevertheless, despite waning action and the massive token unlock, market sentiments about future movements are brimming with optimism amid recent developments.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
El ecosistema de Solana está en alerta tras el reciente movimiento de 27 millones de SOL en un nivel crítico del mercado, lo que ha generado presión de venta y preocupación entre los inversores. Este movimiento masivo ha reavivado el debate sobre la volatilidad y la estabilidad de la blockchain, especialmente en un momento en el que los proyectos emergentes buscan consolidarse como alternativas viables dentro del sector cripto.
En medio de esta incertidumbre, Solaxy, un innovador proyecto basado en la tecnología de Solana, está captando la atención de inversores que buscan una opción más estable y con un enfoque de crecimiento a largo plazo.
Su preventa en curso se perfila como una de las más prometedoras del año, ofreciendo una oportunidad única para quienes desean sumarse a un ecosistema de alta velocidad y bajas comisiones, sin verse afectados por la reciente volatilidad de SOL.
El impacto del movimiento de 27millones de SOL en el mercado
El reciente desplazamiento de 27 millones de tokens SOL ha generado preocupaciones entre los traders y analistas ante la caída del mercado. Estas transacciones suelen estar asociadas con actividades de venta masiva por parte de grandes inversores o entidades que poseen una cantidad significativa de tokens, también conocidos como “ballenas”.
Históricamente, movimientos de esta magnitud han provocado caídas en el precio de SOL debido al aumento en la presión vendedora. La incertidumbre sobre la intención detrás de estos movimientos ha llevado a algunos inversores a buscar alternativas dentro del ecosistema blockchain.
Solaxy: La alternativa a la volatilidad de SOL
En este contexto, Solaxy ha emergido como una opción segura con un modelo de crecimiento sostenible. Diseñado para aprovechar la infraestructura rápida y escalable de Solana, Solaxy ofrece soluciones innovadoras dentro del sector de las finanzas descentralizadas (DeFi), permitiendo transacciones eficientes y accesibles para todos los usuarios.
Uno de los principales atractivos de Solaxy es su compromiso con la estabilidad del ecosistema. A diferencia de otros proyectos que dependen exclusivamente de la valoración de un token volátil, Solaxy está diseñado para ofrecer recompensas consistentes a sus inversores a través de su sistema de staking y generación de ingresos pasivos.
Además, su preventa en curso ya roza los 30 millones de recaudación, y ha sido recibida con entusiasmo por la comunidad cripto, atrayendo tanto a inversores experimentados como a nuevos participantes en el mercado. Los analistas destacan que el modelo de preventa de Solaxy permite beneficiarse de precios iniciales bajos, ya que hablamos de una criptomoneda con potencial de crecimiento significativo a medida que el proyecto gane adopción en el mercado.
¿Por qué los inversores están apostando por Solaxy?
- Innovación en DeFi: Solaxy está construyendo un ecosistema financiero descentralizado que permite a los usuarios realizar transacciones rápidas y seguras con comisiones ultra bajas, aprovechando al máximo la tecnología de Solana.
- Modelo de recompensas atractivo: A diferencia de otras criptomonedas, Solaxy ofrece recompensas pasivas a los holders a través de staking y mecanismos de liquidez.
- Preventa con alto potencial: Los primeros inversores en Solaxy pueden acceder a su token a precios significativamente bajos antes de su lanzamiento oficial en los exchanges, con la posibilidad de obtener altas rentabilidades.
- Resistencia a la volatilidad: Mientras que el mercado de SOL enfrenta incertidumbre, Solaxy está diseñado para proporcionar estabilidad a sus inversores, diversificando sus fuentes de ingresos y reduciendo el impacto de grandes movimientos especulativos.
El futuro de Solaxy y su impacto en el mercado cripto
La industria blockchain está evolucionando rápidamente, y los inversores están buscando proyectos que ofrezcan una combinación de innovación y seguridad. Con su enfoque en la estabilidad, bajas comisiones y alto rendimiento, Solaxy se posiciona como una de los mejores proyectos de criptomonedas dentro del ecosistema Solana.
Si bien el movimiento de 27 millones de SOL ha generado incertidumbre en el mercado, también ha abierto una puerta para nuevas oportunidades de inversión. Para aquellos que buscan un proyecto con fundamentos sólidos y un equipo comprometido con el crecimiento a largo plazo, Solaxy representa una alternativa que podría superar las expectativas en los próximos meses.
SOLX es la mejor alternativa
El mercado de las criptomonedas sigue siendo volátil, y eventos como el reciente desplazamiento de 27 millones de SOL demuestran la importancia de elegir inversiones con un enfoque estratégico. En este contexto, Solaxy se ha consolidado como una opción viable y confiable, captando la atención de inversores que buscan estabilidad y crecimiento.
Con su modelo innovador y su atractiva preventa, Solaxy no solo está desafiando la volatilidad del mercado de SOL, sino que también se está posicionando como una de las criptomonedas con mayor potencial de crecimiento en el ecosistema blockchain.
Para aquellos interesados en participar en la preventa y asegurar su posición en un proyecto con alto potencial, el momento de actuar es ahora. La revolución de Solaxy está comenzando.
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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