The post Ripple Vs. SEC, Shiba Inu, US Elections Steal Spotlight  appeared on BitcoinEthereumNews.com.

The crypto universe has closed another week with remarkable developments unfolding across the broader sector. While Ripple vs. the U.S. SEC lawsuit saw new advancements, Shiba Inu gained significant attention due to ecosystem developments. Simultaneously, with the U.S. elections nearing, the market appears to be echoing a frenzy. So, let’s take a closer look at some of the top cryptocurrency market updates reported by CoinGape Media over the past week. Ripple vs. SEC Lawsuit Advances Notably, this week saw the Second Circuit Court of Appeals issue a deadline for the U.S. SEC‘s opening brief regarding appeals in the XRP lawsuit. The deadline set by the court of appeals was January 15, 2025. Simultaneously, Ripple executives Brad Garlinghouse and Chris Larsen hired prominent attorneys to dismiss the claims in the XRP lawsuit this week, sparking market discussions. Meanwhile, the U.S. court ordered Ripple Labs to consider an alternative resolution before lawsuit proceedings concluded. Overall, these legal maneuvers have caused a stir in the XRP market, with on-chain movements adding to investors’ speculations. Ripple was recorded unlocking nearly 900 million XRP from escrow this week, adding intrigue toward price movements. Also, the recent buzz around an XRP ETF has added to investor enthusiasm surrounding the crypto. Ripple CEO Brad Garlinghouse remains optimistic on an ETF with Bitwise Invest, Canary Capital, and 21Shares forging ahead with S-1 forms. Overall, market watchers are extensively eyeing the coin for price action shifts amid recent developments. Shiba Inu Sparks Optimism Across Crypto Market Meanwhile, it’s also worth mentioning that Shiba Inu emerged as the talk of the cryptocurrency town this week. Shiba Inu lead developer Shytoshi Kusama recently sought a meeting with Ethereum co-founder Vitalik Buterin in a bid to boost optimism for the meme token. Simultaneously, the lead developer also revealed how SHIB outshined BTC,…

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Filed under: News - @ November 3, 2024 5:44 am