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Last Minute Opening Brief By Outgoing Gary Gensler

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4 months ago

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The Ripple vs SEC lawsuit is in focus again as deliberations began on filing an opening brief before the January 15 deadline. Latest developments indicate that outgoing SEC Chair Gary Gensler is preparing for last-minute filing related to appeals before pro-crypto Paul Atkins takes over.

Some believe Gensler with SEC’s chief litigation counsel Jorge Tenreiro may create headwinds for Ripple, similar to former SEC Chairman Jay Clayton.

Last Minute Appeal in Ripple Vs SEC Lawsuit

The U.S. Securities and Exchange Commission (SEC) under Gary Gensler is likely deliberating to file its principal brief in the Ripple lawsuit. The 2nd Circuit Court of Appeals earlier extended the deadline to January 15 after a request by the securities agency.

Former SEC lawyers Marc Fagel and James Farrell cleared that the agency will continue its fight after an appeals-related opening brief in January. While the shift in the agency’s leadership may impact progress, but a decision to dismiss or withdraw the appeals in the lawsuit to affect the SEC more.

Besides, SEC’s chief litigation counsel Jorge Tenreiro, who has been deeply involved in Ripple lawsuit, to continue handling the case. It indicates that the legal battle may not shift drastically with a new SEC chair.

The regulator is set to present its arguments on secondary sales as Judge Analisa Torres’s ruling in Ripple Vs SEC lawsuit set didn’t exactly cleared the industry whether XRP is a security or commodity. This has further implications for Ripple and the crypto industry.

Notably, XRP was earlier referred to as “currency” by the U.S. DOJ and Treasury Dept’s FinCEN. And now, the SEC appealed the summary judgment on Ripple’s XRP sales through crypto exchanges, distribution to employees and others by the firm, and XRP sales by CEO Brad Garlinghouse and Executive Chairman Chris Larsen.

Pro-XRP Lawyers Expect End of Lawsuit Under Paul Atkins

Gensler to depart on Donald Trump’s inauguration day on January 20, setting the stage for Paul Atkins to take over SEC Chairman responsibilities. Pro-XRP lawyers Jeremy Hogan, Fred Rispoli, and Bill Morgan indicate high odds of resolution of the Ripple vs SEC lawsuit under pro-crypto Atkins.

Moreover, lawyers claimed Paul Atkins to work on providing clarity on crypto regulations, which remained unclear under Gensler. This could potentially lead to the end of Ripple lawsuit not otherwise. Ripple CLO Stuart Alderoty urged to “cleanse the lingering stain of Hinman from the agency” and restore trust in the agency.

Odds of XRP ETF and Price Rally Ahead

Ripple executives have earlier said that SEC continued its “failed arguments” in crypto cases as Gensler reaffirmed that crypto has no intrinsic value. Moreover, XRP ETF launch is more likely under Paul Atkins as the Trump administration is set to push for crypto regulations.

Attorney Jeremy Hogan predicts April or May as a likely timeline for the Ripple vs SEC lawsuit’s end. Moreover, he expects dismissal early, but “I’d say it’s possible but maybe unlikely.”

Analysts have been overall bullish on XRP price rally amid several developments including RLUSD launch. As per popular analyst Ali Martinez, XRP price is currently consolidating within massive massive bull pennant pattern. A pullback to $2.05 is possible unless the $2.73 resistance is broken. This could lead to a massive rally to $11.

XRP price XRP price
Source: Ali_Charts

XRP price is currently trading at $2.44, up 1% in the last 24 hours. However, trading volume remains low. Coinglass data indicates futures open interests climbed 7% over the last 24 hours.

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Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space.

At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as “Best Crypto Media Company 2024” for high impact and quality reporting.

Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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SUI Price Eyes Rally To $10 As Falling Wedge Pattern Forms

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7 hours ago

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April 24, 2025

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Sui price is exhibiting strong bullish momentum with its price moving to the $4 level. Breakout of the falling wedge chart pattern has been noted by several analysts, and it is expected that the token may head towards the $10 level.

Trading at $3.04 now, SUI has registered solid gains across the board. This includes a 10.6% increase in the past 24 hours and 56.1% growth over the past week.

SUI price eyes falling wedge pattern breakout

Multiple cryptocurrency analysts have shared SUI’s recent technical breakout as a strong indicator for future price appreciation. In addition, analyst Crypto Rand described in a tweet the move as a massive bull breakout on the main downtrend channel. He suggested that the token is looking primed for further gains. This sentiment is echoed by analyst Coinvo, who explicitly referenced the massive SUI falling wedge breakout.

The falling wedge pattern is a bullish reversal formation that develops when price makes lower highs and lower lows but with converging trendlines. This generally signals the end of a downtrend. Analyst Michaël van de Poppe further reinforced this outlook and noted that a strong breakout is occurring and advising followers to consider being dip buyers in the coming trend.

The bullish case is strengthened by broader timeframe analysis from Bitcoinsensus. The analyst identified an ascending wedge pattern forming since June 2023. He also shared a “bullish high time-frame confirmation with a break of trend on the RSI on the weekly.”

Price predicted to hit $10

Analysts have placed huge targets for SUI price on the technical breakout. Ledora, who refers to SUI as their “number 1 alt pick.” He predicted that the token will reach new all-time highs in the near future and stated “$10 is coded.” This is more than a 200% premium from the current price.

A more accurate technical prediction is by Bitcoinsensus, who has set a next target price at $11.50 for SUI on the week-long time frame. This is according to SUI’s behavior within an ascending wedge structure since June 2023, as well as the recent bullish confirmation by the Relative Strength Index (RSI) on week-long charts.

SUI’s latest performance data verify such optimistic expectations. The token has gained 31.2% over the past month. Even in one-year performance, the token has grown by a staggering 150.1%.

The token is becoming more notable, as seen through its position among the top 5 made-in-America cryptocurrencies, as per CoinGecko figures. SUI is at number five, barely behind only XRP ($125B), Solana ($76.3B), USDC ($61.8B), and Cardano ($24.4B) among made-in-America digital currencies.

CoinGape has also dove into the potential SUI price prediction, which shows a 46% bullish possibility.

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Vignesh Karunanidhi

Vignesh Karunanidhi is a seasoned crypto journalist with nearly 7 years of experience in the cryptocurrency industry. He has contributed to numerous publications, including WatcherGuru, BeInCrypto, Milkroad, and authored over 10,000 articles

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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John Deaton Reacts As Cardano Founder Bets On Ethereum Demise

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15 hours ago

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April 24, 2025

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In the latest development in the blockchain space, Cardano founder Charles Hoskinson shared his thoughts on Ethereum’s potential demise, prompting a reaction from pro-XRP lawyer John Deaton.

Notably, Charles Hoskinson projected the Ethereum blockchain’s possible downfall, commenting that the platform would not survive over the next decade. Acknowledging Hoskinson’s Ethereum roots, John Deaton appreciated his comments as particularly noteworthy.

The Future of Ethereum: Insights from John Deaton and Charles Hoskinson

Recently, the Cardano founder, Charles Hoskinson, predicted that the Ethereum network will collapse in the next 10-15 years. He noted, “So, I don’t think Ethereum will survive, you know, more than 10 years to 15 years.”

In response to his words, XRP attorney John Deaton shared a thread on X. John Deaton acknowledged Hoskinson’s words as insightful and particularly significant, given Hoskinson’s foundational role in Ethereum’s creation.

Deaton also expressed curiosity about others’ thoughts on Ethereum’s future, humbly acknowledging the limitations of his own knowledge on the subject. His X post read,

Fascinating to listen to an Ethereum co-founder opine on whether Ether can even survive. I’m not smart enough to have an opinion one way or the other but would like to know what others think.

Why Ethereum Might Not Last 15 More Years? Charles Hoskinson Explains

In a recent Ask Me Anything (AMA) session yesterday, the Cardano founder expressed concerns about the long-term viability of the Ethereum blockchain. Highlighting the platform’s key mistakes, Hoskinson posited that Ethereum would not exist after some 15 years. This has sparked comments from John Deaton.

Hoskinson’s comments follow his revelations on Cardano’s plans to boost Bitcoin’s adoption in DeFi applications.

What Are Ethereum’s Three Mistakes?

Protocol & Consensus Model: According to Hoskinson, Ethereum’s choice of protocol and consensus model is not sufficient for the network’s needs. In particular, he mentions the current limitations of Ethereum’s Proof-of-Stake (PoS) mechanism.

Layer 2 Scaling Solutions: The Cardano founder slams the blockchain’s adoption of layer 2 scaling solutions, addressing them as “parasitic.”

Governance System: As per Hoskinson, the Ethereum network’s governance system is unsound. He pointed out that the platform’s governance is off-chain, but not on-chain, which could lead to inefficiencies in decision-making and adaptability.

John Deaton’s latest comments on the Cardano founder’s insights on Ethereum come following the former’s recent criticism of Oregon AG Rayfield. The XRP lawyer questioned the AG’s motivations for filing a lawsuit against Coinbase with outdated claims.

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Nynu V Jamal

Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Solana Price Targets $250 as SOL Strategies Unveils $500M Convertible Note to Buy SOL

Published

1 day ago

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April 23, 2025

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Solana price is on the rise, and analysts observe trends that may propel it to the $250 mark. This is an optimistic prediction following SOL Strategies, a listed Canadian company that deals in the Solana ecosystem, announcing that it has secured a $500 million convertible note deal with ATW Partners to boost its SOL holdings and staking activities.

$500 Million Convertible Note Structure To Buy SOL

SOL Strategies has secured what it describes as a “first-of-its-kind” convertible note facility with ATW Partners. According to the announcement, the $500 million facility will be implemented in multiple tranches. This starts with a $20 million closing expected to occur around May 1, 2025. This is subject to customary closing conditions.

The facility is designed basically for the Solana ecosystem. Also, all capital will be exclusively allocated to purchasing SOL tokens. These tokens will then be staked on validators operated directly by SOL Strategies.

The announcement comes at a time when the Solana price has reclaimed the $150 level. SOL has pumped close to 18% in the last seven days.

In a notable element of the agreement, interest on the notes will be paid in SOL tokens rather than fiat currency. This interest will be calculated as up to 85% of the staking yield generated by the SOL acquired through the facility.

Technical Analysis Points To $250 Solana Price Target

Technical analysts are observing bullish patterns on Solana price charts that are indicative of a possible run-up to the $250 level. The SOL/USDT chart shows a definitive breakout from a falling wedge pattern. This is identified as a bullish indication of a price increase in technical analysis.

Analyst Luciano_BTC has shared some important changes on the chart. They are a “Falling Wedge” pattern that has shifted higher with a clean “Trendline Breakout.” The chart from the analyst also displays a potential target of +50% Uptrend.

Technical analyst Christiaan concurs with this technical outlook. He just tweeted that the Solana price is heading to $250. Another analyst, Lucky, expressed strong conviction about Solana’s prospects. He called it the easiest trade of the century and predicting more green candles are coming.

The technical configuration shows SOL finding support at a point known as a Demand Zone, which Luciano_BTC identified, prior to starting its current rally. The chart shows a number of possible points of resistance to $250, with targets towards $180 and $220 before reaching the final destination. CoinGape has also analyzed and shared their price prediction for Solana, which shows that SOL is 49% bullish.

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Vignesh Karunanidhi

Vignesh Karunanidhi is a seasoned crypto journalist with nearly 7 years of experience in the cryptocurrency industry. He has contributed to numerous publications, including WatcherGuru, BeInCrypto, Milkroad, and authored over 10,000 articles

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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