🚨 Top Crypto Buzz of the Day: The Stories Everyone’s Talking About 🔥

📰 News

🔮 Ethereum Treasury Race Heats Up, SharpLink Gaming Snaps 31,487 ETH In A Day

SharpLink Gaming (SBET) Stock Gains 63% on Ethereum Treasury Plan

Aiming to become the MicroStrategy of Ethereum, SharpLink Gaming has entered into an agreement with the Ethereum Foundation to buy 10,000 ETH. However, hours later after this announcement, the Ethereum Treasury firm purchased another 21,487 worth $64.26 million from the open market through OTC deals on Coinbase Prime.

Following its recent purchases, SharpLink Gaming now holds a total of 237121 ETH in its kitty. Amid the aggressive ETH buying over the past week, the SBET price has also shot up more than 63% over the past week. As per data from Yahoo Finance, the SBET stock’s daily trading volumes shot up to $53 million, highlighting bullish investor sentiment.

Following the lead of SharpLink Gaming, Nasdaq-listed GameSquare also announced its $100M Ethereum Treasury Strategy earlier this week. Furthermore, the world’s largest asset manager BlackRock, is also stepping up with ETH accumulation, with its iShares Ethereum ETF (ETHA) seeing $761 million inflows this week.

⚖️ Will Judge Torres End XRP Lawsuit Before July 14? Lawyer Reacts

SEC Lawyer Dismisses Weekend Resolution Rumors

Notably, an X user put forward the possibility of the settlement before July 14. As per their statement, if Judge Torres rules to end the case before July 14, the entire delay would have been related to the ISO process. This speculation suggests that the initial announcement of the case’s end in March was planned to coincide with the ISO in March, but something apparently changed, shifting the timeline to July.

Amid increasing speculation of an imminent settlement in the XRP lawsuit, former SEC lawyer Marc Fagel sets the record straight. According to the lawyer, a weekend settlement is implausible. In an X post, Fagal stated,

Not on a weekend they won’t. It typically takes a month or two for a vote on an enforcement recommendation, so people need to chill. There’s a process.

Marc Fagel’s latest comments reinforce his earlier prediction that the SEC’s appeal process may take one to two months. This timeline suggests that an immediate settlement in the case is doubtful.

However, Fagel disputed the claim, asserting that Judge Torres settling the case before July 14 is highly unlikely since she doesn’t currently have jurisdiction. Previously, as CoinGape noted, Morgan argued that Judge Torres no longer has a role in the Ripple case. He noted, “Considering Judge Torres doesn’t currently have jurisdiction over the case and there is nothing pending before her, this would be quite a trick.”

📊 Markets

🐸 ADA Price Prediction: Cardano Meme Coins Soar- Analysis Shows $1.2 Is Not Very Far

ADA Price Chart Points to a 40% Surge

The daily timeframe shows that ADA price has strong technicals that may trigger more gains in the coming days. The most significant technical figure is that it formed a double bottom pattern at $0.5086, its lowest level in April and June this year.

This pattern typically indicates that the selling pressure below the double-bottom level has ceased. It is also characterized by a neckline, which, in this case, stans at $0.8630, its highest level in May, which is ~40% above the current level.

Cardano price has also formed other bullish signs that may lead to more gains this month. For example, the Relative Strength Index (RSI) has jumped from last month’s low of 29 to the current 56, the highest level since May 23rd. It has crossed the neutral point at 50, a sign that it is gaining momentum.

The two lines of the MACD indicator have formed a bullish crossover, and are nearing crossing the zero line for the first time since May. Therefore, the most likely long term Cardano price forecast is bullish, with the short term target being the double-bottom’s neckline at $0.8630.

A cross above that target will point to more upside, potentially to the double-bottom’s target of $1.2, which is about 93% above the current level. A drop below the double-bottom level at $0.50 will cancel the bullish view.

🚀 XRP Price Prediction As Bitcoin Makes News All Time Highs- Is XRP Next?

XRP Price Technical Chart Points to a Surge to $4.2 

The daily timeframe shows that the XRP price went sideways for many months in 2024. This consolidation was part of the accumulation phase of the Wyckoff Theory, which explains why it made a strong breakout in November. The 500% surge was part of the markup phase of this pattern.

XRP has been in a consolidation period throughout this year as it formed a symmetrical triangle pattern. Therefore, the combination of the surge in November last year and the triangle pattern mean that it has been forming a bullish pennant. A bullish pennant is a common continuation sign in technical analysis.

The profit target in a pennant is established by first measuring the height of the flagpole, which is about 85%. After this, one measures the same distance from the breakout point, which, in this case, is at $2.3.

Therefore, the most likely XRP price forecast is bullish, with the next target being at $4.2455. A surge to that level will be confirmed if it surges above the year-to-date high of $3.92.

The bullish outlook will become invalid if it drops below the lower side of the triangle pattern at $1.9.