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Wall Street extended its weekly winning streak to six straight wins. The stock market has risen on the gains, but will it rise again next week? The S&P 500 and Dow both closed at new highs on Friday, marking their best week of the year. But on a percentage basis, it was the tech-heavy Nasdaq that led Friday’s trading, rising more than 0.6% and after Netflix shares rose 11% after earnings. The Nasdaq ended July less than 1% from its all-time high. This buying last week had pushed the market back into near-overbought territory as of Friday’s close, just as…

The cryptocurrency market is constantly buzzing with speculation, attracting thousands of investors every day. Cryptocurrency experts are making bold predictions that a new altcoin called Rollblock could reach $1 before XRP reaches $5. There’s a wide discussion about this, and Polygon owners are joining in on the frenzy. XRP is up 10% in a year, but can it reach $5? XRP is currently trading at $0.5495, up 0.74% over the past 24 hours and 3.81% over the past 7 days. This increase occurs after a series of short price fluctuations. Most analysts believe that XRP has a strong future and…

A man rides a bicycle past a store advertising a Bitcoin ATM in Nicosia on September 25, 2024 (Photo … (+) by Jewel SAMAD/AFP) (Photo by JEWEL SAMAD/AFP via Getty Images)AFP (via Getty Images) Two years after the FTX debacle, financial regulators are still closely monitoring the crypto industry. In the United States, several targeted enforcement actions have been imposed against crypto banks and companies, indicating an increased focus on compliance and risk management in this area. After the collapse of Signature Bank and Silvergate, Pennsylvania-based Customer Bank onboarded customers like Kraken and absorbed nearly $2 billion in deposits from…

The US Securities and Exchange Commission (SEC) is refusing to back down in its battle with Ripple Labs, formally appealing aspects of a July court ruling that largely favored the blockchain company and its cryptocurrency XRP. I am doing it. The appeal, filed on October 17, 2024, plunges XRP’s future into further uncertainty and sets the stage for a lengthy legal battle that could last until July 2025. Despite the judge’s declaration that XRP itself is not a security, the SEC is challenging court decisions regarding certain types of XRP sales. The suit focuses on programmatic sales of XRP on…

With Ethereum, deposits have rapidly exceeded withdrawals. ETH price pattern was indicating a possible breakout. Net flows of Ethereum (ETH) on derivatives exchanges have recently exceeded 50,000 ETH per day, indicating a much higher increase in deposits than withdrawals. This trend has traders speculating about its potential impact on ETH price movements. A spike in deposits could indicate either impending selling pressure or increased borrowing to fuel long positions, suggesting volatility is on the way. Ethereum’s outlook in the coming months could be a key focus for investors, as market participants expect significant price movements. Source: CryptoQuant ETH price and…

DOGE performed well last week due to support from Elon Musk and growing narrative around meme coins. Are you just getting started? Mysterious billionaire Elon Musk has once again brought excitement to the world of cryptocurrencies, this time with a political twist. During a town hall event in Pennsylvania supporting Donald Trump’s presidential campaign, Musk introduced a bold new idea: the “Department of Government Efficiency,” or DOGE, as he calls it. This announcement immediately caused a stir in the cryptocurrency market, with Dogecoin (DOGE) being transferred. ) soared 7%, topping the 13 cent mark for the first time since July.…

Despite the ambitious nature of some XRP targets, several companies are predicting timelines for altcoins to claim these price levels. XRP continues to battle bears at key price points amid continued market uncertainty. Despite underperforming compared to other markets, XRP was able to rise to an annual high of $0.74 in March 2024. However, it quickly collapsed from this high as the overall market corrected. Investors remain optimistic despite market turmoil So far, XRP has been unable to regain its 2023 high of $0.93 as the bullish phase continues. Altcoins have also been trading below the all-important $1 since December…

Here are the takeaways from today’s Morning Brief. Sign up to receive the following in your inbox each morning:I’ve never been one to keep my desk cluttered at work.To me, everything has a place. Great desk organization, great results are how my mind works.However, by the close of trading on Friday, I had broken this rule slightly. In the future, we plan to tack a paper cutout of NVDA CEO Jensen Huang wearing his trademark leather jacket to a wall board (see photo below). I’ll tell you why.All week this week, I forgot to check the Nvidia stock price, which…

Ripple’s XRP has been the subject of a legal battle with the Securities and Exchange Commission (SEC). It fell nearly 2% in the past 24 hours, taking a hit to the asset’s weekly record. At the time of writing, the altcoin was trading at $0.5442 after falling from a high of $0.5537.Also read: BRICS Pay: Exclusive video of new payment system releasedsauceAdditionally, XRP trading volume decreased by 19.46% over the period to approximately $1.14 billion. This sharp decline in volume indicates that there is little trading activity and the market is experiencing negative sentiment.This price drop occurs during large-scale transfers.…

ApeCoin launches a bridge on ApeChain, allowing native earning on APE, ETH, and various stablecoins. APE becomes the first token to earn native yield and act as gas on ApeChain through its integration with LayerZero. With the launch of the bridge on ApeChain, ApeCoin has achieved significant development in its ecosystem. ApeCoin recently tweeted: Bring your tokens to ApeChain today and start earning native income with APE, ETH, and several stablecoins. This is a tipping point for the platform. Because users can easily transfer assets through ApeChain and other networks, increasing liquidity and creating possibilities. The newly revised ApeChain website…