Optimism
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$OP /USDT short trade signal 🚦 🔴
$OP /USDT
SHARP DROP OF OVER 15%
FALLS BELOW KEY SUPPORT ZONE
OPTIMISM FACES STRONG BEAR PRESSURE
Optimism (OP) is trading at $0.583, down 15.63% in 24h. Price broke down from the $0.62–$0.60 support range and is now testing the $0.572 low. Selling volume remains dominant amid concerns over upcoming token unlocks.
📉 Trade Setup: SHORT
Entry: 0.583–0.590
Target 1: 0.572
Target 2: 0.520
Stop-loss: 0.618
🔭 Market Outlook: Bearish — As Layer 2 tokens lose momentum and with token unlocks increasing circulating supply, downside risk remains high.
#OP #Optimism #Layer2 #Altcoins #BearishSignal
buy and trade here on $OP
$OP /USDT
SHARP DROP OF OVER 15%
FALLS BELOW KEY SUPPORT ZONE
OPTIMISM FACES STRONG BEAR PRESSURE
Optimism (OP) is trading at $0.583, down 15.63% in 24h. Price broke down from the $0.62–$0.60 support range and is now testing the $0.572 low. Selling volume remains dominant amid concerns over upcoming token unlocks.
📉 Trade Setup: SHORT
Entry: 0.583–0.590
Target 1: 0.572
Target 2: 0.520
Stop-loss: 0.618
🔭 Market Outlook: Bearish — As Layer 2 tokens lose momentum and with token unlocks increasing circulating supply, downside risk remains high.
#OP #Optimism #Layer2 #Altcoins #BearishSignal
buy and trade here on $OP
$OP
🔥 $OP is Optimizing the Charts! 🚀
$OP /USDT is on a +13.02% breakout — and traders are riding the wave! 🌊
Layer 2 just made Layer 1-level noise on #Binance 📢
📊 Current Price: $0.712
🔼 24h High: $0.721
🔽 24h Low: $0.625
🔁 24h Volume:
• OP: 54.39M
• USDT: 36.71M
📉 Depth Watch
Sellers at: $0.721 – $0.725
Buy walls at: $0.707 – $0.641
⚡ Category: Layer 2 / Ethereum Scaling
🕒 Track momentum across timeframes: 15m | 1h | 4h | 1D
✨ With Optimism surging, the question isn’t if it breaks out again — it’s when.
💼 Trade smarter. Trade $OP .
👉 Only on #Binance
#OP #USDT #Optimism #Layer2 #CryptoNews
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🔥 $OP is Optimizing the Charts! 🚀
$OP /USDT is on a +13.02% breakout — and traders are riding the wave! 🌊
Layer 2 just made Layer 1-level noise on #Binance 📢
📊 Current Price: $0.712
🔼 24h High: $0.721
🔽 24h Low: $0.625
🔁 24h Volume:
• OP: 54.39M
• USDT: 36.71M
📉 Depth Watch
Sellers at: $0.721 – $0.725
Buy walls at: $0.707 – $0.641
⚡ Category: Layer 2 / Ethereum Scaling
🕒 Track momentum across timeframes: 15m | 1h | 4h | 1D
✨ With Optimism surging, the question isn’t if it breaks out again — it’s when.
💼 Trade smarter. Trade $OP .
👉 Only on #Binance
#OP #USDT #Optimism #Layer2 #CryptoNews
Want this styled for a Telegram channel, YouTube short script, or in Urdu for your local audience? Let me know!
$OP EXPLOSION – LAYER 2 FIRE BACK IN ACTION! 🔥📈
#Optimism is roaring with a solid +14.29% move and heavy volume inflow of 43.17M OP. Price just tagged the 24h high at $0.707. A breakout continuation is on the radar.
TRADE SETUP
Direction: Buy (Momentum Continuation)
Entry Zone: 0.695 – 0.707
Target 1: 0.740
Target 2: 0.768
Stop-loss: 0.670
PRO TIP
If OP holds above $0.707 with bullish pressure, don’t hesitate – L2 plays can move fast when ignited.
#OPUSDT #CryptoVantix #AltcoinSetup #BreakoutAlert
#Optimism is roaring with a solid +14.29% move and heavy volume inflow of 43.17M OP. Price just tagged the 24h high at $0.707. A breakout continuation is on the radar.
TRADE SETUP
Direction: Buy (Momentum Continuation)
Entry Zone: 0.695 – 0.707
Target 1: 0.740
Target 2: 0.768
Stop-loss: 0.670
PRO TIP
If OP holds above $0.707 with bullish pressure, don’t hesitate – L2 plays can move fast when ignited.
#OPUSDT #CryptoVantix #AltcoinSetup #BreakoutAlert
⚡ What Are Layer 2s & Why Are They Booming?
Ethereum is powerful—but it’s slow and expensive.
That’s where Layer 2s come in: they scale Ethereum by processing transactions off-chain, then settling them on-chain. 🧠
Popular Layer 2s:
$ARB (Arbitrum) – Fast & low-cost smart contracts
$OP (Optimism) – Powering the Superchain vision
$ZK (zkSync) – Leading the charge with zero-knowledge tech
🚀 Why it matters:
Layer 2s make DeFi, NFTs, and games faster, cheaper, and more accessible to everyone.
#Layer2 #Ethereum #Arbitrum #Optimism #Polygon #zkSync #Web3 #Scalability #CryptoEducation #BinanceSquare
Ethereum is powerful—but it’s slow and expensive.
That’s where Layer 2s come in: they scale Ethereum by processing transactions off-chain, then settling them on-chain. 🧠
Popular Layer 2s:
$ARB (Arbitrum) – Fast & low-cost smart contracts
$OP (Optimism) – Powering the Superchain vision
$ZK (zkSync) – Leading the charge with zero-knowledge tech
🚀 Why it matters:
Layer 2s make DeFi, NFTs, and games faster, cheaper, and more accessible to everyone.
#Layer2 #Ethereum #Arbitrum #Optimism #Polygon #zkSync #Web3 #Scalability #CryptoEducation #BinanceSquare
$OP
/USDT EYES A POTENTIAL COMEBACK – RETEST ZONE HOLDS STRONG! 🔁📈
Despite a -1.59% slip, $OP is showing signs of life after bouncing from the $0.59–$0.60 demand zone. Currently trading at $0.617, price action hints at a potential reversal toward the previous resistance zone near $0.645.
📊 Market Snapshot • Current Price: $0.617
• Support Zone: $0.59–$0.60
• Key Resistance: $0.645
• Potential Breakout Target: $0.68–$0.69
• Trend: Base building with bullish structure forming
📈 Trade Setup • Entry Zone: $0.610 – $0.620
• TP1: $0.645
• TP2: $0.670
• TP3: $0.690
• Stop Loss: $0.588
If $OP breaks above $0.645 with volume, we could see a swift move into the green box zone. Keep watch — bulls may reclaim control soon!
#OP #Optimism #Layer2 #CryptoSetup #Write2Earn
/USDT EYES A POTENTIAL COMEBACK – RETEST ZONE HOLDS STRONG! 🔁📈
Despite a -1.59% slip, $OP is showing signs of life after bouncing from the $0.59–$0.60 demand zone. Currently trading at $0.617, price action hints at a potential reversal toward the previous resistance zone near $0.645.
📊 Market Snapshot • Current Price: $0.617
• Support Zone: $0.59–$0.60
• Key Resistance: $0.645
• Potential Breakout Target: $0.68–$0.69
• Trend: Base building with bullish structure forming
📈 Trade Setup • Entry Zone: $0.610 – $0.620
• TP1: $0.645
• TP2: $0.670
• TP3: $0.690
• Stop Loss: $0.588
If $OP breaks above $0.645 with volume, we could see a swift move into the green box zone. Keep watch — bulls may reclaim control soon!
#OP #Optimism #Layer2 #CryptoSetup #Write2Earn
DEXs vs. CEXs Liquidity
Decentralized exchanges (DEXs) like Uniswap compete with centralized exchanges (CEXs) like Binance on liquidity. DEXs, using automated market makers, support coins like $POL
Polygon (MATIC), Arbitrum (ARB), and $OP
Optimism (OP). CEXs offer tighter spreads and higher volumes, but DEXs provide trustless trading. MATIC’s low fees drive DEX adoption, while $ARB
ARB and OP scale Ethereum, boosting liquidity pools. DEXs face challenges like impermanent loss, yet their transparency attracts DeFi users. CEXs dominate for now, but DEXs are catching up. Which do you prefer? #DEXvsCEX #Polygon #Arbitrum #Optimism #CryptoExchanges
Decentralized exchanges (DEXs) like Uniswap compete with centralized exchanges (CEXs) like Binance on liquidity. DEXs, using automated market makers, support coins like $POL
Polygon (MATIC), Arbitrum (ARB), and $OP
Optimism (OP). CEXs offer tighter spreads and higher volumes, but DEXs provide trustless trading. MATIC’s low fees drive DEX adoption, while $ARB
ARB and OP scale Ethereum, boosting liquidity pools. DEXs face challenges like impermanent loss, yet their transparency attracts DeFi users. CEXs dominate for now, but DEXs are catching up. Which do you prefer? #DEXvsCEX #Polygon #Arbitrum #Optimism #CryptoExchanges
$OP Trading Strategy at $0.6220 🚀
As of now, $OP (Optimism) is trading at $0.6220, showing signs of consolidation after a recent 20%+ weekly drop. 📉 Despite the dip, technical indicators suggest potential for a rebound. The RSI is in the neutral 30-70 zone, indicating no overbought or oversold conditions, while the 50-day moving average on the 4-hour chart remains bullish. 🟢
Trending Strategy:
For Bulls: Watch for a bounce at the $0.60 support level. A break above $0.65 could signal a move toward $0.80.
For Bears: If $OP fails to hold $0.60, consider shorting with a target near $0.55.
Risk Management: Set stop-losses to manage volatility, and monitor volume for breakout confirmation.
Stay cautious, as market sentiment is mixed. Always DYOR! 💡
#Optimism #CryptoTrading #BinanceSquare
As of now, $OP (Optimism) is trading at $0.6220, showing signs of consolidation after a recent 20%+ weekly drop. 📉 Despite the dip, technical indicators suggest potential for a rebound. The RSI is in the neutral 30-70 zone, indicating no overbought or oversold conditions, while the 50-day moving average on the 4-hour chart remains bullish. 🟢
Trending Strategy:
For Bulls: Watch for a bounce at the $0.60 support level. A break above $0.65 could signal a move toward $0.80.
For Bears: If $OP fails to hold $0.60, consider shorting with a target near $0.55.
Risk Management: Set stop-losses to manage volatility, and monitor volume for breakout confirmation.
Stay cautious, as market sentiment is mixed. Always DYOR! 💡
#Optimism #CryptoTrading #BinanceSquare
🚨 OP/USDT TRADING ALERT! (+0.33% UPTREND) 📈
---
📊 Price Snapshot
💰 Current: $0.605 (¥51.89) | +0.33%
📈 24h High:$0.616
📉 24h Low:$0.585
💸 24h Volume:16.75M USDT
---
📈 Technical Breakdown (15m Chart)
✨ Key Levels:
- Support:$0.600 (EMA9) → $0.585 (24h Low) 🛡️
- Resistance: $0.616 (24h High) → $0.630 🚀
- RSI(14): 60.8 (Mildly Bullish - No Overbought Yet)
🔍 Short-Term Outlook:
- Bullish Case: Break above $0.616 could target $0.630+.
- Bearish Risk: Drop below $0.600 may retest $0.585.
---
⚡ Buy/Sell Strategy
✅ Buy Zones:
-Aggressive:$0.600 - $0.605 (EMA Support)
- Conservative: Near $0.585 (Strong Support)
🎯 Take-Profit Targets:$OP
1. $0.616 (24h High)
2. $0.630 (Next Resistance)
🚨 Stop-Loss:$0.580 (Below Key Support)
---
💬 Poll: Your OP Trade Plan?
🟢 "Buying the dip!"
🔴 "Selling at resistance!"
🟡 "Waiting for breakout!"
#Optimism #OP #crypto #altcoins
💎 Like/Repost to help traders spot this opportunity!
⚠️ Reminder: Always manage risk! Use proper position sizing.
---
📊 Price Snapshot
💰 Current: $0.605 (¥51.89) | +0.33%
📈 24h High:$0.616
📉 24h Low:$0.585
💸 24h Volume:16.75M USDT
---
📈 Technical Breakdown (15m Chart)
✨ Key Levels:
- Support:$0.600 (EMA9) → $0.585 (24h Low) 🛡️
- Resistance: $0.616 (24h High) → $0.630 🚀
- RSI(14): 60.8 (Mildly Bullish - No Overbought Yet)
🔍 Short-Term Outlook:
- Bullish Case: Break above $0.616 could target $0.630+.
- Bearish Risk: Drop below $0.600 may retest $0.585.
---
⚡ Buy/Sell Strategy
✅ Buy Zones:
-Aggressive:$0.600 - $0.605 (EMA Support)
- Conservative: Near $0.585 (Strong Support)
🎯 Take-Profit Targets:$OP
1. $0.616 (24h High)
2. $0.630 (Next Resistance)
🚨 Stop-Loss:$0.580 (Below Key Support)
---
💬 Poll: Your OP Trade Plan?
🟢 "Buying the dip!"
🔴 "Selling at resistance!"
🟡 "Waiting for breakout!"
#Optimism #OP #crypto #altcoins
💎 Like/Repost to help traders spot this opportunity!
⚠️ Reminder: Always manage risk! Use proper position sizing.
$ETH
#Ethereum could grow to $4,000 or more. #ETH Global Prague 2025
was one of the key Web3 events of the year. Over 200 projects from 60+ countries proved that Ethereum is not just alive—it’s evolving fast, absorbing cutting-edge technology trends:
1) #Layer2 solutions ( #Base , #Optimism ) empowered teams to launch complex dApps with near-zero fees and lightning-fast speeds. Mass adoption of Web3 is becoming technically realistic.
2) AI integrations were everywhere—from decentralized assistants to games. Projects like Dust.Ops merged AI with blockchain gaming, while PromptIt enabled NFT creation using neural networks. A new class of hybrid applications is emerging.
3) On-chain identity and reputation were major trends. Tools like KarmaProof and GitPOAP help build verifiable digital profiles for developers and users, enabling safer DAOs, fairer grants, and personalized dApps.
Is it true or not? What do you think?
#Ethereum could grow to $4,000 or more. #ETH Global Prague 2025
was one of the key Web3 events of the year. Over 200 projects from 60+ countries proved that Ethereum is not just alive—it’s evolving fast, absorbing cutting-edge technology trends:
1) #Layer2 solutions ( #Base , #Optimism ) empowered teams to launch complex dApps with near-zero fees and lightning-fast speeds. Mass adoption of Web3 is becoming technically realistic.
2) AI integrations were everywhere—from decentralized assistants to games. Projects like Dust.Ops merged AI with blockchain gaming, while PromptIt enabled NFT creation using neural networks. A new class of hybrid applications is emerging.
3) On-chain identity and reputation were major trends. Tools like KarmaProof and GitPOAP help build verifiable digital profiles for developers and users, enabling safer DAOs, fairer grants, and personalized dApps.
Is it true or not? What do you think?
See original
⚡️ $OP on Binance — the future of Ethereum scaling is here! ⚡️
Optimism is a Layer 2 protocol that makes Ethereum faster and cheaper, opening new horizons for DeFi, NFTs, and dApps.
🔹 Why is $OP worth your attention?
Significant reduction in gas fees
Increased transaction speed
Active support for a large ecosystem
Scaling plans for millions of users
🚀 Trade $OP P on Binance — spot, futures, staking!
Don't miss your chance to be part of the future of Ethereum!
#Optimism #Layer2 #DeFi #MyCOSTrade #Binance
Optimism is a Layer 2 protocol that makes Ethereum faster and cheaper, opening new horizons for DeFi, NFTs, and dApps.
🔹 Why is $OP worth your attention?
Significant reduction in gas fees
Increased transaction speed
Active support for a large ecosystem
Scaling plans for millions of users
🚀 Trade $OP P on Binance — spot, futures, staking!
Don't miss your chance to be part of the future of Ethereum!
#Optimism #Layer2 #DeFi #MyCOSTrade #Binance
$COMP
Layer-2 solutions scale blockchains without sacrificing security. Arbitrum reduces Ethereum’s gas fees for faster transactions. $OP
Optimism uses rollups to process thousands of transactions off-chain. Loopring powers decentralized exchanges with low costs. Layer-2s handled $300 billion in 2024, easing congestion. Which layer-2 do you use? $ARB
#Arbitrum #Optimism #Loopring #Layer2 #Scalability
Layer-2 solutions scale blockchains without sacrificing security. Arbitrum reduces Ethereum’s gas fees for faster transactions. $OP
Optimism uses rollups to process thousands of transactions off-chain. Loopring powers decentralized exchanges with low costs. Layer-2s handled $300 billion in 2024, easing congestion. Which layer-2 do you use? $ARB
#Arbitrum #Optimism #Loopring #Layer2 #Scalability
$OP – Optimism Is More Than a Name Now
Optimism is a top Layer 2 scaling solution that people overlooked at first. But not anymore.
$OP is holding ~$2.50 after a long consolidation
Powering Base chain (Coinbase’s L2)
Strong ecosystem and funding backing from a16z and others
If Ethereum gains, Optimism follows. And with L2 wars heating up, $OP could hit $5+ by 2025.
#Optimism #OP #Layer2 #ETHScaling #BinanceWrite2Earn
Optimism is a top Layer 2 scaling solution that people overlooked at first. But not anymore.
$OP is holding ~$2.50 after a long consolidation
Powering Base chain (Coinbase’s L2)
Strong ecosystem and funding backing from a16z and others
If Ethereum gains, Optimism follows. And with L2 wars heating up, $OP could hit $5+ by 2025.
#Optimism #OP #Layer2 #ETHScaling #BinanceWrite2Earn
Bitcoin undergoes significant trend change; analysts forecast similarity to 2017 surge. <99 chars>
A high-ranking cryptocurrency strategist believes bitcoin (BTC) is poised to witness a third parabolic jump in this cycle.
In a new video, analyst Kevin Swenson told 78,700 YouTube subscribers that #bitcoin appears to be repeating the price movements of 2017, when #BTC experienced three parabolic markets before the bull market ended.
There were several phases of parabolic trending in 2017: short-term parabolic trends transitioned into larger trends, and then back into larger trends. Finally, there was a major vertical breakout.
Now, in 2024, we are in the same position. There's no reason why we shouldn't be in that position. We just need to regain a sense of #optimism and build momentum.
Swenson says technical indicators suggest that BTC's momentum is starting to shift to the bulls. Looking at the Bitcoin Relative Strength Index (RSI), an indicator of momentum, Swenson says the indicator has found support at the level where BTC began its second parabolic phase of this cycle.
In other words, this could be a continuation of the trend. Swenson also says that the divergence in bitcoin's trend indicator, the moving average convergence (MACD), suggests that the BTC bulls are regaining control of the market. If this is true, then when the weekly MACD histogram reverses, prices usually rise at a phenomenal rate.
Read us at: Compass Investments
#DigitalCurrency #BlockchainFuture
In a new video, analyst Kevin Swenson told 78,700 YouTube subscribers that #bitcoin appears to be repeating the price movements of 2017, when #BTC experienced three parabolic markets before the bull market ended.
There were several phases of parabolic trending in 2017: short-term parabolic trends transitioned into larger trends, and then back into larger trends. Finally, there was a major vertical breakout.
Now, in 2024, we are in the same position. There's no reason why we shouldn't be in that position. We just need to regain a sense of #optimism and build momentum.
Swenson says technical indicators suggest that BTC's momentum is starting to shift to the bulls. Looking at the Bitcoin Relative Strength Index (RSI), an indicator of momentum, Swenson says the indicator has found support at the level where BTC began its second parabolic phase of this cycle.
In other words, this could be a continuation of the trend. Swenson also says that the divergence in bitcoin's trend indicator, the moving average convergence (MACD), suggests that the BTC bulls are regaining control of the market. If this is true, then when the weekly MACD histogram reverses, prices usually rise at a phenomenal rate.
Read us at: Compass Investments
#DigitalCurrency #BlockchainFuture
See original
Binance Bitcoin Exchange Announces Support for Network Upgrades and Hard Forks of These Altcoins!
Binance cryptocurrency exchange has announced full support for network upgrades and hard forks of these altcoin networks.
Binance, one of the world’s leading cryptocurrency exchanges, has announced support for the upcoming Optimism (OP) and Arbitrum (ARB) network upgrades and hard forks to provide the best user experience. #ARB， #optimism #BTC #WLD #ORDI
Binance announces support for Optimism and Quorum network upgrades and hard forks
The Optimistic (OP) network upgrade and hard fork is scheduled to take place around 03:00 on March 14, 2024, with a block height of 1,710,374,401.
To facilitate a smooth transition, Binance will temporarily suspend token deposits and withdrawals on the Optimistic (OP) network starting at 02:00 on March 13, 2024.
Binance, one of the world’s leading cryptocurrency exchanges, has announced support for the upcoming Optimism (OP) and Arbitrum (ARB) network upgrades and hard forks to provide the best user experience. #ARB， #optimism #BTC #WLD #ORDI
Binance announces support for Optimism and Quorum network upgrades and hard forks
The Optimistic (OP) network upgrade and hard fork is scheduled to take place around 03:00 on March 14, 2024, with a block height of 1,710,374,401.
To facilitate a smooth transition, Binance will temporarily suspend token deposits and withdrawals on the Optimistic (OP) network starting at 02:00 on March 13, 2024.
#OPTIMISM
Buddies! market has turned bearish, it's time to switch gears and adopt a defensive strategy. Here's how to navigate a bearish market like a pro:
Spot the Downtrend: Use technical indicators to confirm the downtrend and avoid catching falling knives.
Short Selling: Consider short-selling currency pairs to profit from downward price movements.
Manage Risk: Keep a close eye on your trades and use risk management tools like trailing stops to limit losses.
There is no need to be panic instead take the bearish activity as an opportunity to buy the dip. Bearish activities are also part of the game as they prepare the market for bullish reversal.
#DeepSeekImpact
#USTariffs
Buddies! market has turned bearish, it's time to switch gears and adopt a defensive strategy. Here's how to navigate a bearish market like a pro:
Spot the Downtrend: Use technical indicators to confirm the downtrend and avoid catching falling knives.
Short Selling: Consider short-selling currency pairs to profit from downward price movements.
Manage Risk: Keep a close eye on your trades and use risk management tools like trailing stops to limit losses.
There is no need to be panic instead take the bearish activity as an opportunity to buy the dip. Bearish activities are also part of the game as they prepare the market for bullish reversal.
#DeepSeekImpact
#USTariffs
XRP breaks $3 mark for first time since 2018
In this article: xrp breaks $3 mark for first time since 2018, up more than 31% this year.
trading volume rose 141% in a single day, with a market capitalization of $171.48 billion.
Ripple's legal battle with the SEC continues, but #optimism about the Trump administration is growing.
#XRP made its most dramatic comeback since the beginning of 2018 today, momentarily breaking the $3 barrier. However, it quickly corrected to $2.97. The cryptocurrency, which is often at the center of legal and regulatory dramas, has surged more than 31% in the first two weeks of this year alone, and trading volume
XRP exploded, rising 141% in a single day as traders and investors poured into the exchange. Analysts attributed the rise to optimism over Ripple's ongoing legal battle with the Securities and Exchange Commission, as well as rumors of clearer regulation as the Trump administration begins.
After the SEC denied Ripple's request to delay its appeal, the legal team led by CEO Brad Garlinghouse and General Counsel Stuart Alderoti complained about the regulator's heavy-handed tactics. Stuart Alderoti expressed his displeasure on X (formerly Twitter), noting that the SEC's rejection was yet another chapter in the legal nightmare #Ripple has been dealing with since 2020. At the time, the SEC accused Ripple of selling XRP as an unregistered security.
In 2023, Ripple won a partial victory when a judge ruled that selling XRP to retail investors did not violate securities laws. However, the court ruled that sales to institutional investors are a different story.
Now that Gary Gensler is set to retire, he seems set to deliver the final blow to Ripple by refusing to change his position that XRP is a security.
Related Articles:200 Million What are Ripple's plans for XRP after the $50 million acquisition?
#Bitcoin is not a security, Gensler reiterated in a recent interview.
Read us at: Compass Investments
#Crypto2024
trading volume rose 141% in a single day, with a market capitalization of $171.48 billion.
Ripple's legal battle with the SEC continues, but #optimism about the Trump administration is growing.
#XRP made its most dramatic comeback since the beginning of 2018 today, momentarily breaking the $3 barrier. However, it quickly corrected to $2.97. The cryptocurrency, which is often at the center of legal and regulatory dramas, has surged more than 31% in the first two weeks of this year alone, and trading volume
XRP exploded, rising 141% in a single day as traders and investors poured into the exchange. Analysts attributed the rise to optimism over Ripple's ongoing legal battle with the Securities and Exchange Commission, as well as rumors of clearer regulation as the Trump administration begins.
After the SEC denied Ripple's request to delay its appeal, the legal team led by CEO Brad Garlinghouse and General Counsel Stuart Alderoti complained about the regulator's heavy-handed tactics. Stuart Alderoti expressed his displeasure on X (formerly Twitter), noting that the SEC's rejection was yet another chapter in the legal nightmare #Ripple has been dealing with since 2020. At the time, the SEC accused Ripple of selling XRP as an unregistered security.
In 2023, Ripple won a partial victory when a judge ruled that selling XRP to retail investors did not violate securities laws. However, the court ruled that sales to institutional investors are a different story.
Now that Gary Gensler is set to retire, he seems set to deliver the final blow to Ripple by refusing to change his position that XRP is a security.
Related Articles:200 Million What are Ripple's plans for XRP after the $50 million acquisition?
#Bitcoin is not a security, Gensler reiterated in a recent interview.
Read us at: Compass Investments
#Crypto2024
See original
Optimism announces Optimism Drop #4
Today after the stark airdrop, Optimism announced Optimism Drop #4, which will distribute 10,343,757.81 OP to 22,998 unique addresses. This airdrop is a “thank you” to the artists, creators, and pioneers who have played a role in the creation of culture across the hyperchain and the entire crypto ecosystem. This is also the first airdrop of Optimism on the super chain, celebrating the continuous development of the OP chain network that chooses to build together. Snapshot time Jan 10, 2024. #optimism #内容挖矿 #热门话题 $ETH
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