Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Ripple seeks April deadline for cross-appeal brief in SEC case

Ripple Labs has filed a request with the U.S. Court of Appeals for the Second Circuit seeking an April 16, 2025 deadline for its cross-appeal brief in the Ripple vs. SEC case. The Ripple Labs legal team filed the request on Jan. 23, with the crypto company’s legal team noting that Ripple co-founder Chris Larsen and chief executive officer Brad Garlinghouse “join in this request.” “I write on behalf of Appellee-Cross-Appellant Ripple Labs Inc (“Ripple”) concerning the above appeal and cross-appeal. Under this Court’s Rule 31.2(a)(1)(B), Ripple requests a due date of April 16, 2025 for its brief. I am authorized to state that Appellees Bradley Garlinghouse and Christian A. Larsen join in this request,” Ripple Labs legal team member Michael Kellogg wrote. The SEC recently filed its brief, arguing against the ruling that retail sales of XRP ( XRP ) were not securities. In July 2023, Judge Analisa Torres of the New York District Court ruled that XRP was not a security, marking a notable victory for Ripple and the broader crypto industry. However, the court determined that Ripple violated securities laws in its institutional sales of the XRP token. Read more: Ripple leadership blasts SEC after filing appeal Ripple and the SEC have remained locked in a legal battle since the U.S. securities watchdog filed a lawsuit against the company and its executives in December 2020. Despite this being standard procedure in the U.S. court system, market observers are speculating whether the new SEC leadership might withdraw its appeal before Ripple files its cross-appeal brief. On Jan. 21, acting SEC chair Mark Uyeda announced a crypto task force to look into the agency’s approach to regulation of the sector amid plans to develop a clear framework. SEC has also been said to be looking at withdrawing certain crypto lawsuits. Two days later, U.S. President Donald Trump signed a crypto executive order establishing a working group to address crypto regulation and legislative proposals. The executive order also referenced a potential digital assets stockpile. Read more: US Congressmen back Trump’s crypto, AI orders Bitcoin.com

---

Here Are Two Factors That Must Align for Altcoin Season To Kick Off, According to Glassnode Co-Founders

The co-founders of market intelligence platform Glassnode are identifying two catalysts that need to line up for altcoin season to officially kick off. In a new thread on the social media platform X, Glassnode and Swissblock co-founders Jan Happel and Yann Alleman – who together share the handle Negentropic – say that based on historical precedent, altcoin season could start if Bitcoin’s ( BTC ) dominance levels start to fell and its price stabilizes above $100,000. “Flashback to February 2021. In the last cycle, February kicked off altcoin season. Could it happen again? Two key factors must align: 1) Bitcoin dominance must decline. 2) Bitcoin must hold a stable price above $100,000. The scenario seems to be shaping up – will history repeat itself?” Source: Negentropic/X However, the duo goes on to note that the top crypto asset by market cap’s recent rise in dominance and price has delayed altcoin season. “Dominance: 58%+. Price: Holding strong above $100,000. Fundamental news has supercharged this Bitcoin-focused market, delaying an altcoin season for now. Altcoins? We’ll have to wait a bit longer… but the clues are starting to appear.” Source: Negentropic/X Earlier this week, Happel and Alleman said that BTC appears ready to break out based on the Bitcoin Fundamental Index (BFI), which evaluates several aspects of the Bitcoin market, including wallet activity and transaction volume. At the time, they predicted that the crypto king was en route to a $110,000 price tag but would first meet resistance around $106,000. Bitcoin is trading for $106,419 at time of writing, a marginal increase during the last 24 hours. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Here Are Two Factors That Must Align for Altcoin Season To Kick Off, According to Glassnode Co-Founders appeared first on The Daily Hodl . Bitcoin.com