Ripple's Alderoty Makes His 'Last Update on SEC v. Ripple Ever,' Shiba Inu Records First Major Bullish Signal, Official Dogecoin Reserve Goe...

U.Today's Top Three Crypto News Stories

Ripple Secures Major Wins in SEC Battle

Ripple's Chief Legal Officer, Stuart Alderoty, announced a significant development in the ongoing legal battle with the SEC. The agreement involves Ripple dropping its cross-appeal, and the SEC retaining only $50 million of the initially imposed $125 million fine. Furthermore, the SEC will seek to lift the injunction preventing Ripple from selling XRP to institutional investors. While the SEC still needs to formally approve the agreement, the likelihood of approval is high, given their recent pro-crypto stance. Following the announcement, XRP saw a slight price increase, though it is currently trading down 1.82% at $2.40 in the last 24 hours.

Shiba Inu Shows First Major Bullish Signal

After a period of decline, Shiba Inu (SHIB) has exhibited signs of a bullish retracement. The meme token broke above its 26-day Exponential Moving Average (EMA) at approximately $0.00001337, marking a significant reversal. The price hit a low of $0.0000122, establishing a strong support level. With the Relative Strength Index (RSI) at 50.75, further upward movement is possible if it surpasses the 55-60 range. Sustained trading above $0.0000133 and a break above the 50-day EMA (around $0.0000145) would confirm this signal. At the time of writing, SHIB is trading at $0.00001470, up 7.05% in the last 24 hours.

Dogecoin Reserve Launches with 10 Million DOGE Purchase

The House of Doge, the official corporate arm of the Dogecoin Foundation, launched the official Dogecoin Reserve on March 24th, initiating the reserve with a 10 million DOGE purchase (approximately $1.82 million). This aims to improve Dogecoin's liquidity and stability, supporting its vision as a global decentralized currency. The Dogecoin community anticipates its low transaction fees could drive widespread adoption. DOGE is currently experiencing a price rebound, trading at $0.1958, up 2.34% over the past 24 hours.