News

🌐 Solana Co-Founder Anatoly Yakovenko Slams Biden Government Amid Regulatory Uncertainty

A co-founder and CEO of Solana, Anatoly Yakovenko, has recently remained highly critical of the administration of Joe Biden.

Solana co-founder and chief executive officer of Solana, Anatoly Yakovenko, has recently remained highly critical of the administration of Joe Biden.

⚖️ Ripple Vs SEC Case: Here’s What US SEC Is Appealing In XRP Lawsuit

With progress in the Ripple vs SEC case, a document from recent appeal shows that the SEC would challenge the $125 penalty in XRP lawsuit.

As the Ripple vs SEC case proceeds further with the securities regulator submitting a “notice of appeal” in the Second Circuit court this week, the XRP community remains unclear as to what exactly the SEC is appealing as it still needs to make a disclosure with Form C. However, the latest report suggests that the US SEC would be appealing the court’s remedies ruling involving the $125 million penalty to Ripple.

🇺🇸 US Job Data Dampens Market Sentiment, Bitcoin To Witness Further Decline?

The latest US Job data comes in hotter than expected, dampening the market sentiment and fueling discussions over a further decline in Bitcoin price.

The latest US Job data showed that the nonfarm payroll data figures came in at 254,000 in September, more than the market expectations. The unemployment rate also comes below the market estimates, dampening the market sentiment, and indicating a further decline in Bitcoin and altcoins prices. Notably, this set of data is crucial for the US Federal Reserve to decide its monetary policy plans. Besides, it also influences the broader financial market sentiment, let alone the crypto market.

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Markets

📊 Cryptocurrency Prices Today Oct 4: BTC At $61K, SUI Crashes 8% Amid Altcoins Weakness

BTC, ETH, SOL, and XRP prices faced turbulence recently, raising investor concerns across the market.

The broader market witnessed heightened volatility on Friday, embarking upon turbulent price trajectories. Bitcoin (BTC) price fought market volatility to rest at the $61K level today, whereas Ethereum (ETH), Solana (SOL), and XRP prices slipped 1%-4%. Simultaneously, the global crypto market cap experienced a 0.63% decrease in value to $2.11 trillion today. Also, the total market volume plunged 11.70% to $81.57 billion.

📉 Historical Data Signals 50% Ethereum (ETH) Price Correction From Here

Ethereum is not entirely out of danger, as analyst Cowen predicts a potential 50% price drop due to the loss of support in the ETH/BTC pair.

The world’s second-largest cryptocurrency Ethereum faced strong selling pressure this week dropping by 10% over the past seven days. With the ETH price already trading under $2,400 levels, some market analysts believe that there’s another 50% drop coming as per the log regression model.

🚀 Top 3 Altcoins Among XRP To Trigger The ‘Uptober’ Rally: Santiment

Binance issues stark warnings for Bluzelle, CLV, SelfKey, Prosper, and VITE, signaling potential delisting while giving a positive outlook for PENDLE and SEI.

The leading crypto exchange, Binance, has recently revealed a warning over five crypto, sparking market discussions. In a recent press release, the exchange said that it has included monitoring tags for Bluzelle (BLZ), CLV (CLV), SelfKey (KEY), Prosper (PROS), and VITE (VITE). Notably, the tokens under this tag are usually seen as more volatile and at-risk assets of potential delisting.