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.