{"id":166592,"date":"2023-10-02T15:11:56","date_gmt":"2023-10-02T09:41:56","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=166592"},"modified":"2023-10-02T15:11:56","modified_gmt":"2023-10-02T09:41:56","slug":"bitcoin-price-predictions-ripple-xrp-developments-shib-adoption-bits-recap-oct-2nd-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-price-predictions-ripple-xrp-developments-shib-adoption-bits-recap-oct-2nd-crypto-news\/","title":{"rendered":"Bitcoin Price Predictions, Ripple (XRP) Developments, SHIB Adoption: Bits Recap Oct 2nd &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><span data-preserver-spaces=\"true\">The past few days have witnessed multiple news surrounding the ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC) and some essential developments focused on the popular memecoin Shiba Inu.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">XRP \u2013 the native token of Ripple \u2013 has also been in the spotlight, registering a significant spike at the end of last week. In the following lines, we will break those topics into details.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Ripple v. SEC Case<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The prolonged dispute between the two organizations, which dates back to the end of 2020 when the SEC sued Ripple for allegedly breaching securities laws when selling XRP to retail investors, keeps splashing the waters of the crypto space.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">It is safe to note that the most important moment in the case (as of the moment) occurred in mid-July when the blockchain enterprise <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/xrp-price-explodes-16-as-judge-rules-in-favor-of-ripple-in-sec-case\/\" data-wpel-link=\"internal\">secured<\/a> a partial court victory. Back then, a US Judge ruled that the sale of XRP did not constitute an offer of investment contracts, giving Ripple the upper hand and causing a serious boost for the token.<\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"BREAKING: XRP PRICE EXPLODES as RIPPLE WINS HUGE VICTORY AGAINST SEC | CRYPTO WIN!\" width=\"740\" height=\"416\" src=\"https:\/\/www.youtube.com\/embed\/pUTDJAy0Kxs?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/p>\n<p><span data-preserver-spaces=\"true\">America\u2019s securities regulator was reluctant to wave the white flag and formally appealed the decision at the beginning of last month. Chairman Gary Gensler recently\u00a0<\/span><a rel=\"nofollow noopener\" target=\"_blank\" class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/sec-chair-gensler-talks-crypto-regulation-and-spot-bitcoin-etf-in-congressional-hearing\/\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">took part<\/span><\/a><span data-preserver-spaces=\"true\"> in a congressional testimony where he was expected to give his two cents on the lawsuit.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Unsurprisingly (since this has happened before), he remained silent rather than providing specific details. All he said was reminding the ongoing status of the dispute.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">For its part, Ripple had invested substantial funds to persist in the fight and hired renowned professionals to represent the organization and its CEO \u2013 Brad Garlinghouse. Some examples are Former Assistant United States Attorney \u2013\u00a0<\/span><a rel=\"nofollow noopener\" target=\"_blank\" class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/ripple-v-sec-lawsuit-important-update-sep-26th\/\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">Rahul Mukhi \u2013<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0and Lauren Belive. The latter, who has worked at the White House under President Barack Obama, was appointed the Head of US Public Policy and Government at Ripple.\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">XRP on a Roll<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The native coin of Ripple has recorded significant gains in the past few days. Its price\u00a0<\/span><a rel=\"nofollow noopener\" target=\"_blank\" class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/ripple-xrp-price-soars-to-0-55-as-volume-explodes-70-daily-details\/\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">reached<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0the $0.50 milestone on September 29, exploding by nearly 9% in a matter of an hour.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Some reasons behind the surge include the overall revival of the cryptocurrency market and some speculations regarding what would have happened at the party Ripple threw in New York City last week.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Several X users\u00a0<\/span><a rel=\"nofollow noopener\" target=\"_blank\" class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/ripple-xrp-ipo-speculations-soar-ahead-of-popular-event\/\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">suggested<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0filing for an IPO or announcing a settlement with the US SEC was in the cards. However, the company did not disclose such news, whereas XRP plunged to approximately $0.52 (per CoinGecko\u2019s data).<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Shiba Inu\u2019s Advancement<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The self-proclaimed Dogecoin killer has also made the headlines lately. For one, Chariot Energy (an energy company based in Houston, Texas)\u00a0<\/span><a rel=\"nofollow noopener\" target=\"_blank\" class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/shiba-inu-adoption-texans-allowed-to-pay-their-solar-panel-bills-in-shib\/\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">allowed<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0clients to pay their solar panel bills in various digital assets, including SHIB.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In addition, the British banking giant HSBC\u00a0<\/span><a rel=\"nofollow noopener\" target=\"_blank\" class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/major-announcement-for-ripple-xrp-holders-who-are-hsbc-users\/\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">enabled<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0customers to settle mortgage bills and loans in the memecoin, while the Japanese automobile manufacturer Honda also\u00a0<\/span><a rel=\"nofollow noopener\" target=\"_blank\" class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/this-automobile-giant-now-accepts-ripple-xrp-and-shiba-inu-shib-for-payments\/\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">added<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0it as a payment option.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Shiba Inu also saw a massive number of tokens removed from its circulating supply. On September 28, the burning rate\u00a0<\/span><a rel=\"nofollow noopener\" target=\"_blank\" class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/find-out-why-shiba-inu-shib-burn-rate-exploded-by-1000-overnight\/\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">skyrocketed<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0by almost 1,000%. The program aims to reduce the asset\u2019s overall supply, thus making it more scarce and valuable in time.\u00a0<\/span><\/p>\n<p>\u00a0<\/p>\n<div class=\"code-block code-block-12\" style=\"margin: 8px 0;clear: both\">\n<div><span style=\"font-size:11px;color: gray\">SPECIAL OFFER (Sponsored)<\/span><br \/>\n<b>Binance Free $100 (Exclusive): <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/pl\/binancebanner\" data-wpel-link=\"internal\">Use this link<\/a> to register and receive $100 free and 10% off fees on Binance Futures first month<\/b> (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/buy-bitcoin-5-easy-steps\/\" data-wpel-link=\"internal\">terms<\/a>).<\/p>\n<p><b>PrimeXBT Special Offer: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/pl\/primexbt2\" data-wpel-link=\"internal\">Use this link<\/a> to register &amp; enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.<\/b><\/p>\n<\/div>\n<\/div>\n<p><!-- AI CONTENT END 1 --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The past few days have witnessed multiple news surrounding the ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC) and some essential developments focused on the popular memecoin Shiba Inu.\u00a0 XRP \u2013 the native token of Ripple \u2013 has also been in the spotlight, registering a significant spike at the end [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":166593,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-166592","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/166592","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=166592"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/166592\/revisions"}],"predecessor-version":[{"id":166595,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/166592\/revisions\/166595"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/166593"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=166592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=166592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=166592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}