News

⚔️ XRP Vs. SEC: Agency Still Insists XRP Is a Security Despite Court Ruling

The SEC keeps insisting that XRP is a security countering the court ruling, which sparked speculations amid Ripple's cross-appeal in the ongoing legal battle.

The US SEC has continued to challenge the XRP’s security status, despite the court ruling finding that the crypto is “not a security.” In the latest update, the crypto derivatives exchange, Bitnomial, has sued the agency over its claims that the crypto’s futures are “security futures”. Meanwhile, this development comes amid Ripple’s cross-appeal in the ongoing legal battle between the blockchain firm and the US SEC.

⚠️ Nigeria Court Denies Binance Exec Tigran Gambaryan’s Bail Plea

Nigeria Court denies Binance exec Tigran Gambaryan's bail plea despite deteriorating health, ordering prison to provide medical treatment amid money laundering trials.

In a recent update, the Nigeria Court dismissed the bail plea of Binance Executive Tigran Gambaryan on Friday, sparking market discussions. Notably, the executive has sought bail on his deteriorating health condition amid trials on allegations of money laundering and currency manipulation in the country. However, the court has instructed to refer him to the hospital for his treatment.

🇺🇸 US PPI Inflation Data Further Sparks Concern Over Bitcoin Dip Ahead

The latest Labor Department data showed that the US PPI inflation came in at 1.8%, up from the market expectations of 1.6%, sparking concerns over Bitcoin dip ahead.

The highly awaited US Producer Price Index (PPI) data showed that inflation has come in hotter than expected at 1.8% in September, as compared to market expectations of 1.6%. This rising inflation figure, especially after the recent US CPI data, has sparked concerns in the market, over its potential impact on BTC and other crypto. Besides, the latest set of gloomy economic data has fueled debates if the US Federal Reserve would once again move with a tightened monetary policy ahead.

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Markets

📊 Cryptocurrency Prices Today Oct 11: BTC Holds $60K, But WIF & UNI Soar 8%-10%

The cryptocurrency prices today have sparked a wave of speculations, showing mixed actions. BTC price slips, whereas ETH, SOL, & XRP rise.

The broader market on Friday witnessed mixed price actions, sparking investor speculations globally. Bitcoin (BTC) price continued trading along the $60K level, whereas Ethereum (ETH), Solana (SOL), and XRP prices traded in the green territory. Besides, dogwifhat (WIF) and Uniswap (UNI) emerged as the day’s top gainers.

🤔 Why You Should Think Twice Before Shorting BNB Price

Discover why shorting BNB price may not be the best move right now. As it maintains a tight trading range, it could rally to a new ATH.

The BNB price action is currently one of the most resilient in the crypto space. Despite the wild volatility that hit the markets in August, BNB only lost 7.56%. It performed even better in September, gaining 6.47% despite the September 6 crash. Investors looking to short BNB may want to re-do their due diligence as the asset looks primed for an upside move.

📉 Will Bitcoin Price Hold $60,000? Traders predict Possible Drop to $53,000

Explore if Bitcoin price will hold $60,000 key support level. Traders speculate if BTC could drop to $53,000 if the key support breaks.

Despite favorable US CPI data, Bitcoin crashed nearly 4% on Thursday. This sudden drop, however, is almost undone as BTC shot up 3.68% in the past 12 hours. However, many traders suggest that the short-term volatility could knock Bitcoin price much lower, potentially below $60,000.