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Ripple CEO Brad Garlinghouse Reaffirms Fight Against SEC's XRP Appeal

Ripple CEO Brad Garlinghouse has vowed to continue fighting the SEC’s appeal regarding XRP’s classification as a non-security, reaffirming his confidence in Ripple's legal stance.

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Breaking Crypto Stories

Here are the top stories today:

  • Ripple CEO Brad Garlinghouse Stands Firm Against SEC Appeal

  • Ethereum Whale Sells $47.5 Million in ETH Amid Price Drop and Market FUD

  • Coinbase Pushes Court to Force CFTC to Release Crypto Communications Amid SEC Lawsuit

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Question of the Day

Are you holding XRP?

🧍‍♂️Ripple CEO Brad Garlinghouse Stands Firm Against SEC Appeal

Ripple CEO Brad Garlinghouse vows to fight the SEC's appeal over XRP’s classification, reaffirming that XRP is legally considered a non-security.

  • Brad Garlinghouse reaffirms Ripple's commitment to fighting the SEC’s appeal regarding XRP’s status, asserting that XRP is not a security.

  • Ripple's legal team, led by Stuart Alderoty, views the SEC's lawsuit as misguided and is considering filing a cross-appeal.

  • The case is expected to drag on, with the next possible ruling from the Second Circuit appeals court projected for 2026.

🐋Ethereum Whale Sells $47.5 Million in ETH Amid Price Drop and Market FUD

An Ethereum whale from the 2014 ICO has offloaded significant ETH holdings, contributing to market fear as Ether prices drop.

  • A whale from Ethereum's 2014 ICO sold 19,000 ETH worth $47.5 million, further impacting Ether prices, which have dropped nearly 10% since the start of October.

  • Market sentiment around Ethereum has worsened, with critics pointing to the underperformance of ETH this year and further price declines.

  • Despite the downturn, Ethereum supporters emphasize the network's strength, citing institutional interest and future upgrades aimed at onboarding billions of users.

📄Coinbase Pushes Court to Force CFTC to Release Crypto Communications Amid SEC Lawsuit

Coinbase has petitioned a federal court to compel the CFTC to release communications with crypto token issuers to aid in its defense.

  • Coinbase is seeking the CFTC’s communications with issuers of 12 cryptocurrencies, which the SEC has labeled unregistered securities, to bolster its defense.

  • The crypto exchange argues the information is crucial in determining whether these assets meet the legal definition of securities.

  • Despite multiple subpoenas, the CFTC has refused to comply, citing concerns over the scope and burden of the request.

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Quickswap (QUICK)

Price Movements: QUICK has shown a gradual rise in recent closing prices, but mixed signals from technical indicators suggest potential for both bullish and bearish movements.

Key Levels To Watch: Resistance at $0.03604, $0.03713, and $0.04259; support at $0.03438. Breaking these levels will determine the next directional move.

Trade Strategies: Traders could consider long positions around $0.03550–$0.03600 if a bullish breakout occurs, targeting $0.03700 and higher. For short trades, traders might enter near $0.03600–$0.03700, with profit targets around $0.03438.

Aptos (APT)

Price Movements: Aptos (APT) has been showing consistent upward momentum, with recent price action pushing from $7.74 to $8.26, suggesting growing bullish sentiment.

Key Levels To Watch: Key resistance levels are at $8.33, $8.34, and $8.38, while support lies at $8.09 and $8.07, which could act as a safety net if the price dips.

Trade Strategies: For long trades, traders might consider entering above $8.33 with targets at $8.34 and $8.38, while short traders may look to enter below $8.09, with stop losses set accordingly to manage risk.

Sui (SUI)

Price Movements: SUI has been fluctuating, showing moments of consolidation but is exhibiting cautiously bullish momentum based on recent EMA and MACD signals.

Key Levels To Watch: Support levels include $1.8526, $1.8302, and $1.7743. Resistance is likely near $1.9698 and the psychological $2.000 level.

Trade Strategies: For long trades, traders might consider entries near support at $1.8526 with potential exits at $1.9698 or $2.000. Short trades could be considered if support breaks, targeting $1.8302 or $1.7743.

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