🚨 This Week in Crypto: Big Signals, Major Partnerships & Market Shifts

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đź“° News

SEC Launches the Cross-Border Task Force

In a recent X post, SEC Chairman Paul S. Atkins shared the news of the creation of the Cross-Border Task Force. This body will consolidate investigative resources and deploy the agency’s full legal arsenal against transnational fraud.

The task force’s early mandate will be to investigate market manipulation tied to foreign-based companies. This is primarily intended for those operating in jurisdictions such as China, where investor protections can be more challenging to enforce.

Commenting on the launch of the new task force, SEC Chairman Paul S. Atkins emphasized the regulator’s commitment to safeguarding investors.

“We welcome companies from around the world seeking access to the U.S. capital markets,” said SEC Chairman Paul S. Atkins. “But we will not tolerate bad actors – whether companies, intermediaries, gatekeepers or exploitative traders – that attempt to use international borders to frustrate and avoid U.S. investor protections”

The task force also shared in the press release that it will scrutinize auditors, underwriters, and other market gatekeepers who facilitate access to U.S. capital markets.

Margaret A. Ryan, Director of the Division of Enforcement, underscored that the task force will leverage the division’s expertise to address international manipulation.

“This initiative strengthens our ability to enforce securities laws and protect American investors from schemes designed to exploit global financial systems,” she said.

The formation of the task force also aligns with the SEC’s broader Crypto initiative, which seeks to create safer conditions for investors navigating the digital asset sector.

Odds Of a 50 BPS Fed Rate Cut Rise Ahead of Key Inflation Data

CME FedWatch data shows that there is an 11% chance that the Fed will lower rates by 50 bps at the upcoming FOMC meeting. This comes ahead of the PPI and CPI inflation, which the Labor Department will release on September 10 and 11, respectively.

Notably, traders began pricing in the possibility of a 50 bps Fed rate cut following the release of the U.S. jobs data yesterday. The U.S. added only 22,000 jobs in August, well below expectations of 75,000. Meanwhile, the unemployment rate rose to 4.3%, which is near a four-year high.

This latest jobs data has again suggested that the labor market is weakening and that the Fed needs to adjust its monetary policy. Jerome Powell had signalled at the Jackson Hole conference that they might need to make a Fed rate cut with the downside risk in the labor market rising.

However, the Fed also has a mandate to keep inflation steady, which is why the upcoming PPI and CPI data will be key in their decision on a rate cut at the September 17 meeting.

If both data show that inflation remains steady, then it could further boost the odds of a 50 bps Fed rate cut since Powell and some Fed officials have, before now, indicated that they were holding off on a cut because of the inflation risk from the Trump tariffs.

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📊 Market

Historical Patterns Suggest XRP Price Could Mirror Its Explosive 2017 Rally

XRP price has been compared to its explosive run in 2017, with analyst Javon Marks highlighting a similar setup. His chart shows a repeating fractal pattern where XRP could extend far higher if the cycle unfolds in the same way.

The Fibonacci levels drawn on his projection outline a potential climb toward the $127 mark. He notes that the current consolidation could serve as the base before a larger rally develops.

The historical resemblance adds weight to the argument that XRP may again deliver exponential growth. This analysis strengthens the long-term XRP price forecast, with higher levels marked as possible outcomes.

On the daily chart, XRP price is forming a clear cup-and-handle pattern, a structure often linked to bullish continuation. At press time, the current XRP market value trades around $2.81, showing resilience despite recent dips. The handle has developed as a descending channel, holding XRP between $2.80 and $2.85 for now.

A breakout above this channel could send the price back toward the $3.20 resistance area. Beyond that, the Fibonacci extension places $3.80 as the next significant target.

However, the $3.38 zone stands as the key barrier that must be cleared to confirm further strength. Overall, the pattern suggests XRP is building the groundwork for a potential breakout attempt.

Solana Price Action Points Toward Bullish Continuation With $320 Target

The Solana price price has built an Adam and Eve pattern, a setup often linked to strong upward continuation. The neckline breakout above $217.93 suggests that buyers are establishing control over critical resistance levels.

Fibonacci projections show upcoming resistance zones near $262.92 before advancing toward the $316.77–$320 region. The 50-day SMA has supported the structure, providing a cushion for pullbacks and reinforcing bullish sentiment.

However, a failure to hold above the $188.50 retracement could challenge this outlook. Therefore, the long-term Solana price prediction remains skewed toward significant upside as long as key supports hold.

The broader chart reveals higher lows since April, showing consistent accumulation strength throughout multiple testing phases. Breakouts have aligned well with rising buying interest, validating the Adam and Eve formation as a reliable guide.

Near-term resistance rests near $233, and clearing this barrier may open the path toward higher Fib extensions. Upside projections at $262.92 and $320 frame the technical roadmap ahead for SOL price.

Sustained positioning above current levels would further cement confidence in reaching these milestones. Thus, the structure underlines bullish conviction in the SOL price outlook.