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TL;DR The Ripple v. SEC case culminated in August when Judge Torres ordered the company to pay a $125 million fine for breaching certain securities laws. The penalty represented a substantial reduction of what the regulator initially asked for. Donald Trump’s election victory and Gary Gensler’s announced resignation fueled optimism among XRP supporters, expecting pro-crypto leadership to influence the case’s resolution favorably. The First Half of the Year 2024 has been quite eventful for the legal battle between Ripple and the US Securities and Exchange Commission (SEC). In the first months of the year, both entities filed various motions in preparation for the trial’s start. For instance, the SEC requested Ripple to hand over essential documents such as the company’s financial statements for 2022 and 2023 and its post-complaint XRP sales contracts. The firm opposed the demand, maintaining that those records were untimely and unrelated to the case. This caused the agency to re-submit the motion, claiming that the documents could offer essential insights into Ripple’s financial history and help determine if the company breached specific securities regulations. The firm reacted with a motion to file a sur-reply letter, seeking “to correct a significant factual mischaracterization made by the SEC.” Eventually, Judge Sarah Netburn ruled in favor of the Commission, ordering Ripple to disclose its financial records for the years 2022-2023. The two entities continued to submit documents and data until the beginning of the trial stage. As CryptoPotato reported , the legal proceedings between Ripple and the SEC reached that pivotal phase on April 23. While many industry participants raised their hopes that this could be a sign of a soon-approaching settlement, the complexity of the court process and possible appeals from both sides mean that the case could be prolonged for a few more years. In May, the popular American attorney Jeremy Hogan claimed that the lawsuit had entered a stage with fewer developments, and both entities had to wait for the judge’s decision. Ripple and the SEC continued to throw punches at each other , clashing over a key witness’ testimony and arguing about the potential size of the company’s fine for violating certain laws. The watchdog sought a $2 billion penalty on the company, alleging it of conducting an unregistered securities offering by selling its XRP token. Ripple disagreed, insisting that the amount should not exceed $10 million. It compared its case to another legal battle between the agency and Terraform Labs, saying allegations of fraud are only present in the second lawsuit. The Court’s Decision In August, Judge Analisa Torres ordered Ripple to pay a $125 million civil penalty for violating federal securities laws through its institutional sales of XRP. It is worth mentioning that in the summer of 2023, the same magistrate found that the company’s programmatic sales of XRP to retail clients through centralized exchanges did not breach the rules. Many industry participants viewed the August ruling as a huge victory for Ripple, considering that the fine represents just a fraction of what the SEC initially asked for. The company’s executives also seemed pleased. CEO Brad Garlinghouse said the firm respects the court’s decision, while CLO Stuart Alderoty stated the organization will pay the penalty in cash off its balance sheet. Nonetheless, the SEC officially appealed in October, triggering a fresh doze of uncertainty. The action means that the lawsuit entered a new phase comprised of filings and a briefing process. Donald Trump Comes to the Stage Many crypto proponents cheered Trump’s victory in the US presidential elections (held on November 5). Those in favor of Ripple and its native token were also among the pack due to the Republican’s promise to fire the SEC’s Chairman Gary Gensler on day 1 after taking office. Gensler has been in charge for over three years, during which time the agency has filed numerous lawsuits against crypto businesses. While some doubted that Trump could fire him (since the SEC operates as an independent entity), the Chairman said he would resign in January next year. Moreover, the newly elected president of the States picked the pro-crypto Paul Atkins to succeed him. The XRP Army expects the Commission’s upcoming leadership to take a less hostile stance toward the cryptocurrency industry and push the case against Ripple to a favorable resolution soon. The post Ripple v. SEC Yearly Recap: Was 2024 the Most Important Year? appeared first on CryptoPotato .
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DOGE is set for ‘explosive surge’ as key pattern turns green
Dogecoin ( DOGE ) appears to be gearing up for a significant upward move after breaking out of a descending triangle pattern , a key technical setup often associated with major price surges. The breakout, as observed by Trader Tardigrade in a recent analysis , indicates a potential bullish shift that could see DOGE rallying to new short-term highs. According to Trader Tardigrade , this sets the leading memecoin for an “explosive surge” that could happen soon. “Dogecoin has broken out of the Descending Triangle at the bottom. This chart pattern could lead to an explosive surge for Doge afterwards.” – Trade Tardigrade Technical analysis: A bullish shift According to the analysis, the descending triangle on the daily chart established support at $0.31 during its consolidation phase, a level that now acts as a solid support zone. Currently trading above $0.33, this breakout level is key to sustaining bullish momentum. If DOGE holds above this zone, the price could target $0.42 as the first major resistance , representing a significant hurdle in its upward trajectory. DOGE price analysis chart. Source: Trader Tardigrade/X Moreover, a successful move beyond $0.42 could pave the way for DOGE to extend its gains toward $0.56. Taking an even more ambitious stance, Trader Tardigrade recently highlighted that DOGE has consistently respected its long-term trendline, signaling the potential for even more significant gains. As reported by Finbold, the analyst set a bold long-term target of $3.20 for DOGE, reflecting growing optimism about the cryptocurrency’s ability to sustain its bullish trajectory over time More bullish projections Adding to the optimism, Dogecoin enthusiast KrissPax highlighted the recent breakout from a two-week descending wedge pattern, signaling a potential bullish reversal for DOGE. Dogecoin has broken out of a 2-week descending wedge. After a retracement, we could see $DOGE back up over $0.40. pic.twitter.com/DoEGv3gqc4 — KrissPax (@krisspax) January 2, 2025 With the price now holding above key resistance levels, KrissPax suggests that a retracement to retest the breakout zone could set the stage for a rally beyond $0.40, driven by strong momentum and increasing trading volume. DOGE price analysis At press time, Dogecoin was trading at $0.3385, marking a notable 6.56% gain in the past 24 hours and an 8% rise on the weekly chart. DOGE one-day price chart. Source: Finbold If the cryptocurrency continues to respect key support levels and maintain its bullish momentum, it could be poised for further gains, making it one of the most closely watched assets in the digital assets space. Featured image via Shutterstock The post DOGE is set for ‘explosive surge’ as key pattern turns green appeared first on Finbold . Crypto Potato
Ethereum Price Prediction: Will January Finally Bring About The ETH Breakout? ETH Whales Have Been Busy
The cryptocurrency world is revving up for a historical year in 2025. Ethereum remains the decentralized finance backbone and home of smart contract technology, garnering favor among investors. Some believe January may bring the long-awaited breakthrough as whales hoard large quantities of Ethereum. Aave (AAVE) has also excelled in 2024, carving out its niche as a specialist in lending and borrowing protocols. Meanwhile, Rollblock (RBLK) is bringing a new twist, merging iGaming and DeFi into one investment opportunity and a fun user experience. So how will these projects perform in 2025? Rollblock Redefines GambleFi Rollblock (RBLK) is entering the GambleFi space and turning heads in the process. As the first community-backed casino and Play-to-Earn platform, Rollblock brings the thrill of online gaming and ties it together with the fairness and transparency enabled by blockchain technology. Revenue Sharing Benefits Rollblock spends a large portion of its weekly profits on buying back and burning $RBLK tokens, which reduces supply and increases scarcity. Other funds are issued as staking rewards, incentivizing long-term holding. Expansive Gaming Options With over 7,000 games, a comprehensive sportsbook, and player-versus-player betting, Rollblock offers unparalleled variety. Blockchain technology ensures provably fair gaming, addressing trust issues prevalent in traditional casinos. AI-Driven Betting Tools Advanced AI tools assist users in optimizing betting strategies, offering personalized insights to maximize potential profits. Staking Rewards Users who stake $RBLK enjoy lucrative rewards derived from the platform’s revenue, while token burns introduce a deflationary mechanism to support long-term value growth. Aave Rallies 35% In December Aave (AAVE) closed December with a 35% gain, taking Aave’s (AAVE) net gain over the last 12 months to 184%. Technically, Aave (AAVE) is now offering cross-chain governance so that users can take part in decision-making around blockchain development. All this has boosted user engagement and bolstered Aave’s multi-chain presence. Aave’s new algorithmic stablecoin GHO has also generated some hype. Trading at $70 on 1st January, analysts anticipate a sharp rise in Aave’s value, to $90 in the short term. Ethereum Poised for a Breakout Ethereum (ETH) has been on a positive trajectory and analysts seem optimistic about its performance in January. Forecasts say it could break through the key $2,500 resistance level and run toward the $3,000 mark in the near future. Data from on-chain analytics platforms suggests Ethereum (ETH) whales have been accumulating Ethereum (ETH) in recent months. Those big investments usually signal trust in the future price growth of a token. Ethereum (ETH) has also seen massive staking growth. Switching over to Ethereum 2.0 and increasing the amount of staking options on offer have all contributed to reducing Ethereum’s circulating supply. Investors Flock To Rollblock Rollblock’s GambleFi platform is stealing the attention of many in the crypto and iGaming worlds. Currently priced at just $0.0044 in its ninth presale stage, the $RBLK token presents unparalleled growth potential for early adopters. As analysts predict a steep 800% price increase during the presale and 100x growth post-launch, now is the perfect time for investors to secure their stake in Rollblock’s (RBLK) future success. Discover the exciting opportunities of the Rollblock (RBLK) presale today! Website: https://presale.rollblock.io/ Socials: https://linktr.ee/rollblockcasino Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here . Crypto Potato
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XRP skyrockets as market cap jumps $13 billion in a day
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