U.Today – U.Today prepared the three most essential news from the last day.
‘Annoying’: CEO breaks silence on SEC appeal
On Wednesday, October 2, the XRP community was shocked by the SEC’s decision to file an appeal in the Ripple case. Many celebrities from the cryptocurrency industry commented on this development, and Ripple CEO Brad Garlinghouse was one of the first to share his opinion. In a recent post on X, Garlinghouse wrote that the SEC and its Chairman Gary Gensler should have dropped the case against Ripple because it failed to protect investors and damaged the agency’s reputation. Calling the appeal “irritating” and “misguided,” Ripple’s CEO said his company would fight in court “for as long as it takes.” Meanwhile, the SEC has not yet determined what specific issue it intends to appeal, leaving open the possibility of challenging the July 2023 ruling that distinguished institutional sales from programmatic sales. The agency may also appeal against the final judgment issued by the court in August.
Market rule number one for the Uptober pump provided by SHIB Director
marketing manager Lucie recently visited the X platform to address community concerns about the current “Uptober” not meeting their expectations. In her post yesterday, she shared “market rule #1” which applies not only to uptober but to how everything works in the market in general for traders. According to this rule, the nature of market forces is unpredictable and assets can escalate rapidly immediately after a sale or unexpectedly at another time: “Market Rule #1: It will pump when you sell OR It will pump when you don’t expect it.” Concluding her post, Lucie wrote that “Uptober” is not just a 31-day period, but a time of potential windfall profits. Meanwhile, SHIB has seen a wave of recovery, trading up 10.72% in the last 24 hours at $0.00001737 at $0.00001737. as of this writing, according to CoinMarketCap.
7,240% of Dormant Whale BTC’s Gains as ‘Uptober’ Begins.
Yesterday, October 3, Whale Alert detected the resurgence of an antique Bitcoin wallet that had been dormant since 2014. This wallet, containing 99 BTC, saw an incredible escalate in value from $83,068 to approximately $6,097,440, an escalate of approximately 7,240%. This is the fourth Bitcoin wallet to come back from dormancy this week. On Tuesday, October 1, the whale wallet woke up, which has held 21 BTC since 2013, and its resources are currently worth $1,307,996. Two other wallets were also reactivated on the same day, containing 41 BTC worth $2,611,481 and 77 BTC worth $4,902,160. The activity of these antique whale wallets coincided with the beginning of October, historically known as “Uptober” due to its association with Bitcoin rallies. According to CoinMarketCap data, Bitcoin is currently changing hands at $61,632, up 2.51% in the last 24 hours.
