🇺🇸 Judge Orders Ripple to Pay $125M, Declares XRP Not a Security
A judge told Ripple to pay $125 million as a fine. This ends the big fight with the SEC that started in 2020.
The judge said Ripple broke some rules when selling XRP to big companies, but not when selling to retail investors.
🌐 Source: CoinDesk
NEW ETHEREUM FUD
Chinese Police ne $2B ke ETH jo seized kiye hue tha, wo around 3 saal baad ek wallet main transfer kiye hain.
BREAKING: 274,729 crypto traders have been liquidated in the last 24 hours, with the total liquidations at $1.04 billion
The Biggest Reason Behind Market Dump 🚨
➜ Unemployment rate ❌
➜ WWIII fear and Genesis selling ❌
➜ Bank of Japan raising interest rate ✅
BOJ recently raised the interest rate for the first time in 17 years.
The last time it raised the interest rate was in 2007, just before the US recession 😐
Why is this bearish?
Due to the zero interest rate, Japanese investors were borrowing yen to invest in other markets like US equities, crypto, etc.
Now with the interest rate hike, the borrowed money is no longer free.
This is causing the investors to dump their assets and move them back to yen.
What will happen next?
Either the BOJ or the FED needs to do the rate cut sooner; otherwise, the market bloodbath will continue.
Key On-Chain Volumes to Watch for $BTC
🔴 Resistance: $67.0K - $70.6K
🔵 Consolidation: $61.1K - $64.7K
🟢 Cycle Support: $46.4K - $51.5K
Highest Volume Bands: $64.0K and $66.9K
Breakout Threshold: Above $70.6K, where $BTC on-chain volumes drop off a cliff.
VanEck 2050 BTC targets
Base case: $2.9m
Bear case: $130k
Bull case: $52m
📢In the past 24 hours 69,175 traders were liquidated.
➡️The total liquidations comes in at $248.20 million
➡️The largest single liquidation order happened on Bitmex - XBTUSD value $10.00M.
The New York Stock Exchange (NYSE) has cleared the listing of Bitwise’s spot Ethereum ETF.
Analysts predict that trading will begin on July 23.
📢Mt. Gox moved 44,527 $BTC(2.84B) to an internal wallet 1 hours ago, which may be preparing for repayment.
