Former CFTC Chair Predicts SEC Will Drop Ripple Case, Shiba Inu Shows Modest Spike, Peter Schiff Forecasts Bitcoin Crash: Crypto News Digest
SEC Expected to Dismiss Ripple Case According to Former CFTC Chair
Potential Shift in SEC Stance
Speculation arises as former CFTC chairman Chris Giancarlo suggests the SEC may dismiss the case against Ripple, signaling a possible shift in regulatory attitude towards cryptocurrencies. With optimism for the crypto sector on the rise amidst leadership changes at the SEC, the future direction remains uncertain.
Shiba Inu Sees Slight Increase in Large Transaction Volume
Whales Show Activity
Shiba Inu experiences a minor 5.32% uptick in large transaction volume, indicating some engagement from major holders. Despite limited market momentum, the overall crypto market displays hints of recovery, with SHIB and other assets demonstrating positive trading activity.
Peter Schiff Warns of Further Bitcoin Decline
Implications of MicroStrategy’s Bitcoin Investments
Renowned Bitcoin critic Peter Schiff raises concerns over MicroStrategy’s aggressive Bitcoin purchases, suggesting a potential market downturn once the company concludes its investment spree. While institutional actions like MicroStrategy’s acquisitions influence BTC price dynamics, various other factors contribute to the cryptocurrency’s valuation stability.
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