Once again, the crypto world is abuzz today with another unexpected movement in Dogecoin’s (DOGE) price, thanks to a tweet from the iconic Tesla CEO, Elon Musk. This has become a consistent phenomenon, where virtually every Elon Musk tweet hinting at or referencing Dogecoin prompts a flurry of activity from DOGE enthusiasts, regardless of the subtlety or directness of the tweet’s content. This morning, the catalyst for the sudden upswing in DOGE’s value was a simple tweet from Musk. He shared a logo animation of the “X” logo, created by one of Twitter’s most renowned DOGE influencers, @DogeDesigner. Interestingly, Musk shared the video without comment, only tagging DogeDesigner as the creator of the video. Nonetheless, this nod was enough to stimulate DOGE bulls into driving up the cryptocurrency’s price by an impressive 4%. Dogecoin Price Analysis Yet, it’s critical to delve deeper into the charts for a more holistic view. Before Musk’s tweet, DOGE faced resistance just shy of the 50 EMA on the 4-hour chart. As we’ve seen in the past, such sudden pumps can be ephemeral. At press time, Dogecoin was already giving back some of its gains, standing at a mere 2% increase from the pre-tweet levels. Nevertheless, the effects of the tweet on the DOGE chart cannot be overlooked. The 4-hour chart reveals that Dogecoin surpassed the 23.6% Fibonacci retracement level due to Musk’s stimulus. The onus is now on DOGE enthusiasts to maintain the momentum and hold above the $0.0626 price point. If achieved, there’s potential for DOGE to rally towards the 38.2% Fibonacci retracement mark at $0.666. That said, investors should brace for considerable selling pressure, especially at the 78.6% Fibonacci retracement level, which stands at $0.0732. Looking at the higher timeframe, the 1-day chart paints a more somber picture for DOGE. Despite Musk’s latest tweet, Dogecoin remains ensnared in a persistent downtrend. This downtrend, defined by a descending trend channel, has been unwavering since December of the previous year. Recalling recent events, DOGE faced a rejection at this channel’s upper trendline in late July and has been on a steady southward trajectory ever since. Alarmingly, key support levels provided by the 200-day EMA and other significant moving averages have been breached. Given the present chart patterns, there’s a looming possibility of DOGE revisiting its yearly low at $0.05593. In a worst-case scenario, a slide to the descending channel’s lower boundary at $0.053 might be on the cards. However, should DOGE staunchly defend this key price level, it could signal an enticing entry point for prospective investors. For any meaningful recovery, it will be imperative for DOGE to swiftly rebound from this low, ideally targeting levels above $0.058.

The D.C. Circuit Court of Appeals was expected to give a ruling on Grayscale’s Spot Bitcoin ETF lawsuit against the United States Securities and Exchange Commission (SEC) on August 22 following its failure to do so on August 18. However, the crypto community would have to wait longer as the court has once again failed to make a decision. Court Delays Spot Bitcoin ETF Decision For The Third Time According to a tweet by Grayscale’s Chief Legal Officer Craig Salm, the appeal court failed to make a decision regarding his company’s lawsuit against the SEC. However, he pointed out that there were no rulings for that day in what might be a move to quench any notion that the court was intentionally stalling the case. This marks the third delay of the much-anticipated verdict, as the court had previously been expected to give a decision on August 15 and then August 18. So it remains uncertain when a decision could come next as legal experts had earlier projected the court to give its verdict this month. Grayscale’s lawsuit against the SEC dates back to last year when the company reportedly tried to persuade the Commission to convert its $20 billion Grayscale Bitcoin Trust (GBTC) to a Spot Bitcoin ETF, which the SEC rejected. Following the rejection, Grayscale sued the regulator, arguing that it had acted indiscriminately by not giving its request the same treatment it does to similar investment funds. Grayscale believes that Spot Bitcoin ETFs should be approved like Bitcoin futures ETFs. In its final oral argument in March, the crypto firm argued that the SEC’s disapproval order against it was contradictory. It emphasized the regulator’s inconsistency in denying a Spot Bitcoin ETF while approving a Bitcoin futures ETF. The company further argued that both investment vehicles pose the same risk of fraud and manipulation. It also stated that the pricing of both futures and spot bitcoin markets are “99.9% correlated,” which means they are subject to the same risk. As such, since the SEC found the CME’s surveillance sharing agreement sufficient enough to protect against the risks in the futures market, it should be able to deem it sufficient to approve Spot Bitcoin ETFs. Why Grayscale’s Case Could Be A Game Changer Grayscale is one of several financial firms that have applied to the SEC to offer a Spot Bitcoin ETF. Interestingly, the company filed this application while it awaits a decision from the court regarding its lawsuit against the SEC. However, considering that the SEC has remained reluctant to approve these applications, a verdict in favor of Grayscale could potentially force the hands of the Commission to finally approve a Spot Bitcoin ETF. Such a verdict will undoubtedly be a boost for the crypto industry as it would pave the way for institutional investors to have direct access to crypto assets, something which could further spur the mass adoption of cryptocurrencies.

Bitcoin price has been trading sideways in the past weeks, significantly declining from the $29,000 support. This bearish pattern spread panic among traders but has not deterred miners. Instead, Bitcoin mining participants appear to have increased. This is evident in the increased mining difficulty, which soared to a new record high. According to available data, Bitcoin mining difficulty surged 6.17% in the last week, alongside a spike in network activity on August 22. Bitcoin Mining Difficulty Spikes Up Amid Nosediving Prices While BTC price tanked by over 10% in a 7-day period, miners’ confidence remains at its peak. According to data from btc.com, this uptick marks the sixth-largest increase in Bitcoin mining difficulty in 2023. For context, Bitcoin mining difficulty measures the difficulty and time it takes to solve a complex cryptographic puzzle. Related Reading: AVAX Network Activity Down – Will The Planned Token Unlock Bring Back The Energy? The Bitcoin network adjusts mining difficulty periodically depending on the number of miners onboard. The next difficulty adjustment date is about two weeks aways, with the estimated rate at 16.05%. Furthermore, the hash rate increases as more miners compete for limited Bitcoin block rewards, increasing mining difficulty. Therefore, the uptick in mining difficulty suggests Bitcoin’s bearish price trajectory has not affected miners’ profitability. Increase In Hash Rates Reflects High Investor Confidence In Bitcoin Hash rate and mining difficulty correlate; therefore, as the Bitcoin mining difficulty increases, the hash rate follows a similar trend. Although calculating the hash rate is tricky and challenging, the ongoing figure is about to break the existing record high of 538.05 EH/s. In an August 22 report: CryptoQuant analyst MAC_D attributed the increased hash rate to high confidence in BTC and ETH network reliability and security among investors. MAC-D wrote: He also identified two plausible reasons behind the uptick in the hash rate. Firstly, the analyst explained that Bitcoin’s hash rate increased during the recent price decline. He said the observation depicts that miners became more active amid the downtrend. Secondly, MAC_D mentioned that staked ETH has increased despite the decline in Ether price. Nonetheless, the analyst believes the fall in price suggests BTC and ETH have become undervalued. And according to him, this presents an opportunity for bullish investors to accumulate more assets in anticipation of the next bull run. This assumption must have prompted miners to increase their mining capacity, increasing the hash rate and difficulty. And data from the on-chain analytics platform Glassnode supports these claims. According to Glassnode data, there has been a slight increase in the number of BTC in the portfolios of mining firms. As of August 22, miners’ BTC holdings hovered over 1.83 million Bitcoin. This figure represents a 0.08% increase from the value at the beginning of August.

Attorney Robertson has previous expertise in the crypto enforcement field. The lawyer asked the court to disclose all relevant documents and correspondence. The CEO of Ripple, Brad Garlinghouse, has a new lawyer representing him in the XRP litigation, which has been pending in the United States District Court. This action follows a recent application for permission to pursue an interlocutory appeal in the matter filed by the U.S. SEC. In a court document dated August 22, 2023, Cleary Gottlieb Steen & Hamilton LLP attorney Caleb J. Robertson represented the Ripple CEO. In the document, the lawyer asked the court to disclose all relevant documents and correspondence. Attorney Michael A. Schulman has joined attorney Roberston in filing a request to appear Pro Hac Vice on behalf of Garlinghouse. Long Journey Ahead In addition to his work on the Ripple lawsuit, attorney Robertson has expertise in the crypto enforcement field. Financial institutions, securities firms, investment managers, and publicly traded enterprises are among the clients he has represented in regulatory matters. The SEC had claimed that the XRP token sale constituted a security offering, but Judge Analisa Torres had issued a landmark summary judgment dismissing those claims. Investors in the cryptocurrency market saw this as a huge victory since it might serve as a legal precedent in future cases. On the other hand, Brad Garlinghouse, CEO of Ripple, and Chris Larsen, executive chairman of the company, have informed the court that they would be unavailable for two weeks in April. This action is in response to the court’s final decision regarding the pretrial conference schedule. It’s interesting that the dates revealed by Ripple’s management line up with the upcoming Bitcoin halving event.

LAS VEGAS–(BUSINESS WIRE)–$AGREE #20_megawatts—Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”), today announced that its wholly owned subsidiary, Sentinum, Inc., formerly known as BitNile, Inc. (“Sentinum”) has commenced construction in Montana of its next data center. As previously disclosed, Sentinum’s wholly owned subsidiary, BNI Montana, LLC, earlier this year acquired land lease and power agreements to develop operational data centers at the site, primarily for Bitcoin mining operations. Once completed, the anticipated initial power capacity is up to 20 megawatts, which can support approximately 6,500 S19j Pro Antminers. Sentinum believes the site has the potential to significantly expand, though an electrical load feasibility study would need to be performed to determine the maximum expansion ability, and Sentinum would also require additional financial resources in order to increase the capacity. Sentinum anticipates that the data centers will be completed and ready for operations before the end of 2023. Milton “Todd” Ault, III, the Company’s Executive Chairman, stated, “We are thrilled to break ground on our Montana facility. This reinforces our commitment to expand and diversify our data center colocation and hosting services. Once completed, we anticipate moving our Bitcoin miners that are currently at third-party hosting facilities to Montana, where we can operate them more efficiently and with greater profitability. In parallel with the data center buildout, we are currently working with the local utility on details and timing of the load study.” For more information on Ault Alliance and its subsidiaries, Ault Alliance recommends that stockholders, investors, and any other interested parties read Ault Alliance’s public filings and press releases available under the Investor Relations section at www.Ault.com or available at www.sec.gov. About Ault Alliance, Inc. Ault Alliance, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, Ault Alliance owns and operates a data center at which it mines Bitcoin and offers colocation and hosting services for the emerging artificial intelligence ecosystems and other industries, and provides mission-critical products that support a diverse range of industries, including metaverse platform, oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles. In addition, Ault Alliance extends credit to select entrepreneurial businesses through a licensed lending subsidiary. Ault Alliance’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.Ault.com. Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8- K. All filings are available at www.sec.gov and on the Company’s website at www.Ault.com. Contacts Ault Alliance Investor Contact: [email protected] or 1-888-753-2235

NFC and blockchain experts will host webinar on advantages of phygital merchandise for teams and enthusiastic fans on September 6 FREMONT, Calif.–(BUSINESS WIRE)–Identiv, Inc. (NASDAQ: INVE), a global digital security and identification leader in the Internet of Things (IoT), will host a webinar with sports tech company collectID on Wednesday, September 6, 2023, on the future of fan engagement using phygital merchandise. Industry-leading experts from Identiv and collectID will discuss how phygital merchandise, powered by the synergistic combination of collectID’s blockchain technology and Identiv’s near-field communication (NFC) tags, is reshaping the sports arena. Phygital merchandise connects physical fan gear, like jerseys and scarves, with the digital dimension. These innovative products enhance the connection between teams and their fans and offer a broad range of benefits, from personalized experiences to secure fan engagement. To achieve this, Identiv manufactures, encodes, and enables its life of garment NFC tags, which are embedded in each product, and act as the bridge between the physical and digital worlds. When the tag is tapped, collectID’s cutting-edge blockchain technology unlocks the product’s unique digital ID, which is then authenticated by a non-fungible token (NFT), allowing fans to access exclusive content and other bonus features. Teams benefit from increased awareness and loyalty while learning more about their passionate fanbase. “Phygital merchandise is becoming an important way for teams to connect with their most dedicated fans, and we’re excited to discuss the future of fan engagement using digitized merchandise with our partner, collectID,” said Amir Khoshniyati, VP and GM IoT, Identiv. For the 2023-24 season, several European football clubs have partnered with collectID to create phygital merchandise. These activations include a digitized scarf for season ticket holders of FC St. Gallen 1879; the home jersey for Karlsruher SC; and the home and away jerseys for FC Zürich, BSCYB, and 1. FSV Mainz 05. Beyond the realm of football, collectID’s projects have extended to encompass a diverse array of partners, spanning the likes of the NHL’s Nashville Predators and the renowned McLaren Racing. David Geisser, co-founder of collectID, added, “Phygital engagement is revolutionizing the way teams interact with their biggest fans. We look forward to presenting with Identiv on the many advantages of digitized merchandise for teams and fans alike.” To attend the “Revolutionizing the World of Sports – The Phygital Fan Experience” webinar on September 6, 7 AM PT, please register here. About Identiv Identiv, Inc. is a global leader in digitally securing the physical world. Identiv’s platform encompasses RFID and NFC, cybersecurity, and the full spectrum of physical access, video, and audio security. Identiv is a publicly traded company, and its common stock is listed on the NASDAQ Stock Market LLC in the U.S. under the symbol “INVE.” For more information, visit identiv.com. About collectID collectID is a sports tech company that connects physical products to the digital realm to bring an unparalleled “phygital” experience for the end-customer to interact with their favorite teams and brands while verifying the authenticity of their products. Through this technology, brands unlock new revenue streams and gain valuable first-party data on their customers. Headquartered in Switzerland, collectID works with brands and teams globally. To learn more about collectID, visit collectid.io. Contacts Identiv Media Contact: [email protected]

Avalanche (AVAX) is gearing up for a significant unlock event that has sparked speculation among investors. The past month has witnessed a prevailing bearish sentiment, with volume indicators suggesting that the buying pressure might not be robust enough to counter the crypto’s prevailing losses. Despite this recent decline, all eyes are on the impending unlock event, pondering the potential impact it might have on AVAX’s price trajectory. Scheduled to occur later this week, the unlock event is based on data sourced from Token Unlocks. This data indicates that an impressive 9.54 million AVAX tokens, valued at over $100 million, are set to be unlocked on August 26. Such an event has historically brought about substantial market movements, prompting analysts to closely scrutinize the upcoming developments. AVAX Price Impact: A Waiting Game However, experts caution against expecting an immediate or substantial price reaction to this unlocking event. Previous instances of similar events have been accompanied by downtrends in AVAX’s price. In the wake of such trends, there is a possibility that AVAX might breach the psychological support level at $10. A closer examination of the current market data reveals that AVAX is currently priced at $10.24, exhibiting a slight decline of 0.7% according to CoinGecko. Over the span of the past week, the cryptocurrency has undergone a notable seven-day slump of 12.4%, further accentuating the challenges it faces. A deeper analysis of AVAX’s price trajectory unveils that the downtrend in its valuation began in July, with the most substantial drop occurring during the course of August. This suggests a cumulative effect of market forces that have impacted the coin’s value. The looming unlock event introduces an additional layer of complexity to the current market landscape, leaving investors to ponder the potential ramifications. A Future Uncertain As market participants await the unlock event, the crypto community is divided in its outlook. Some view it as a potential catalyst that could amplify the ongoing bearish trends, while others hold onto the hope that the event might signal a turning point for AVAX’s fortunes. Such uncertainty is emblematic of the broader volatility that characterizes the cryptocurrency realm, where events can trigger both rapid appreciation and sudden depreciation. AVAX finds itself in the midst of a challenging period marked by bearish trends and a potential unlocking event. The upcoming release of a substantial number of AVAX tokens introduces an element of suspense as investors wait to see if history will repeat itself with a further dip in price. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Toad World Blog

Bitcoin (BTC) hit an intraday low of $25,520. BTC experienced a decline of over 10.65% in the past seven days. The crypto market has experienced a massive downtrend due to selling pressure over the past few weeks. Bitcoin (BTC), the world’s largest cryptocurrency, fell below the $26K mark, showing bearish momentum. Following BTC’s fall, the major altcoins are facing a similar downtrend. According to the Onchain data, the recent price slide mostly affected Bitcoin short-term holders. On August 23, Bitcoin’s bearish momentum took the price below $26K and hit the day’s low of $25,520. However, BTC has experienced a slight recovery after reaching the day’s low. The trading price surpassed the $26K range again and is trading at $26,043. The entire crypto community is expecting this surge to change BTC’s momentum. Bitcoin (BTC) Price Analysis -24-Hour Timeframe At the time of writing, Bitcoin is trading at $26,043, with an increase of over 0.14% in the last 24 hours. The daily trading volume of BTC also experienced a surge of over 15.82%, according to CoinMarketCap. However, Bitcoin has experienced a decline of over 10.65% in the past seven days. Bitcoin (BTC) Trading Price Chart ( Source: TradingView) Even though Bitcoin is experiencing a slight recovery, the daily trading price chart shows that BTC is in bearish momentum as the current price is below the 50-day exponential moving average (50 EMA). Moreover, according to the RSI indicator, BTC is in the oversold zone as the RSI level stays at 20.53. Usually, if the RSI reading drops below 30, it indicates that the selling pressure is increasing. According to the TradingView data, if Bitcoin experiences bullish momentum, it will reach the nearest resistance level of $26,500. If the trend continues, the trading price will break through the $27K mark and even advance to surpass the $28K mark. On the other hand, another drop may begin if BTC fails to break the nearest resistance of $26,500. Moreover, if the bearish momentum continues, it will drop below the support level of $25,000. Do you think BTC will breach the nearest resistance level soon? Tweet to us at @The_NewsCrypto and let us know your thoughts.

The price seems to be slipping gradually after some period of consolidation. If the price manages to close over $1,700, we may see a solid uptick in the near future. Most cryptocurrencies are still trading in the red, indicating that the bears are still in control. Bitcoin and Ether prices seem to be indicating a further fall. The price seems to be slipping gradually after some period of consolidation. After failing to break over $1700 on August 18, the ETH price has continued its downward trend. Ethereum’s quick decline caused it to go below $1644, which has been acting as support recently. According to CMC, the price of ETH is now trading at $1,644, down 1.27% with an uptick in trading volume by 70% in the last 24 hours. Struggle Continues for ETH The primary hurdle is still around the $1,700 level. If the price manages to close over this resistance level, we may see a solid uptick in the near future. The next significant barrier would be around $1,750. Ethereum’s price may drop again if it is unable to break above the $1,675 barrier level. The area around $1,600 should provide initial support. Source: CoinMarketCap On the downside, the region around $1,580 represents the first significant support. Additional losses are possible if the ETH price drops below $1,580. The next key support level is $1,550. In the event of further declines, the price might approach the $1,520 mark or potentially drop below the $1,500 level. Moreover, the relative strength index (RSI) on a daily time frame indicates that the price of ETH is in oversold territory (below 30). The price falling into the oversold area is not always followed by a reversal. Even more precipitous falls are possible while still within the oversold region.

Project SEED, an innovative blockchain gaming ecosystem poised to revolutionize the mobile gaming industry, is set to launch its groundbreaking mobile game ‘Outland Odyssey this August, alongside ‘SEED: GROW’ and ‘SEED: Staking’. With an approach that combines blockchain technology, Free-To-Play & Own mechanics, and community-driven governance, Project SEED aims to redefine the gaming landscape going forward. What makes Project SEED 2.0 unique? The heart of Project SEED lies in its commitment to fostering mass adoption by integrating blockchain technology to offer players the truest form of Free-To-Play & Own. Backed by a creative team of gifted artists and passionate developers, Project SEED’s Game Studio is dedicated to pushing the boundaries of gaming innovation. A cornerstone of the ecosystem is the Free-To-Play & Own system which empowers players to earn $O2 Tokens and seamlessly convert them into fiat currency. $O2 Tokens will be allocated based on the Proof-of-Play mechanism. A launch to look forward to August brings the realization of Project SEED’s promises, as it unveils its inaugural mobile game, Outland Odyssey (the soft launch is on August 29th, 2023). This highly anticipated launch marks a milestone in the journey towards a gaming metaverse ecosystem that bridges the gap between blockchain technology and entertainment. Liko, Project SEED’s CEO, stated that “Outland Odyssey is a Free-To-Play & Own game, meaning players can start playing without needing to own NFTs or tokens. They will have the opportunity to craft NFTs in the game, and in-app purchases will also be available.” Outland Odyssey aims to be a testament to Project SEED’s evolution, offering players an enriched experience featuring enhanced ARPG core mechanics, immersive narrative-rich missions, and post-apocalyptic settings with engaging Zed companions. With an emphasis on streamlined gameplay, players can delve into this world and its action-packed gameplay to start having fun instantly. Staking with purposes Project SEED also introduces an innovative “burn” mechanism, whereby 70% of in-game revenue is burnt, while 30% contributes to the community reserve. Furthermore, SEED: Staking provides users with the opportunity to stake their $SHILL tokens, earning rewards and enhancing their engagement with the platform. Guga, General Manager, said that “SEED: Staking (within the realm of Project SEED) serves a unique purpose as it involves token holders or players locking up their tokens to gain various benefits. These perks range from in-game items, and power-ups, to enhanced opportunities for in-game activities. If you’re someone who enjoys speculation, staking can also earn you additional APY (Annual Percentage Yield), leading to an increase in tokens. Expect to experience these features firsthand within the upcoming weeks.” Looking to the future, Project SEED’s visionary SEED: GROW program introduces an IP-sharing model that looks to redefine Web3 gaming. By fostering collaboration with innovative revenue-sharing models between IP Owners and Game Studios, Project SEED envisions a diverse array of games produced under this pioneering approach. The synergy between IPs and game development not only revitalizes established properties but also generates new and immersive experiences for gamers. Putting the community first Incorporating a community-driven ethos, Project SEED puts its users at the forefront of its mission. The community’s input will be pivotal in shaping the direction of Project SEED, fostering a stronger ecosystem and a vibrant gaming community. With a firm belief in prioritizing the community, Project SEED is integrating DAO (Decentralized Autonomous Organization) governance for project development, ensuring that every voice is heard and valued. The DAO Flow within Project SEED is designed to empower users to actively participate in decision-making. By staking a minimum amount of $SHILL tokens, users can propose ideas for consideration by the Project SEED governance counsel. After a thorough review process, approved proposals enter a voting phase accessible to users who meet the active playtime requirement. With a majority vote of 50% + 1 or more, selected proposals are greenlit for development, demonstrating Project SEED’s commitment to community-driven innovation. About Project SEED Project SEED consists of more than 100 entrepreneurs, designers, artists, and developers with extensive experience in their fields. The core Project SEED team is united by a strong passion for gaming and revolutionizing this booming industry. In any case, the launch this August marks the start of a new era in blockchain gaming, where innovation, community empowerment, and immersive experiences converge. The gaming ecosystem’s fusion of technology and entertainment promises a transformative journey for players and creators alike.For more information and regular updates, visit the official website as well as Twitter, Discord, Telegram, and YouTube channels. Download Outland Odyssey & start Staking now! Disclaimer: The information provided in this release is not investment advice, financial advice, or trading advice. It is recommended that you practice due diligence (including consultation with a professional financial advisor) before investing or trading securities and cryptocurrency.

As the Bitcoin market navigates the choppy waters around $26,000, there are several metrics to keep an eye on. After hitting a low of $25,374 yesterday, the bulls have managed to push the price back up, although the market remains in a vulnerable state following last Thursday’s price crash. Currently, the Fear and Greed Index for Bitcoin sits at 37, which is indicative of strong fear permeating the market. Typically, such a low level on this index suggests that market participants are apprehensive about the near-term future, often leading to a self-fulfilling prophecy of sorts where the selling pressure increases. An In-Depth Look At Bitcoin CVDs & Delta Renowned analyst Skew has highlighted the role of Cumulative Volume Delta (CVD) in understanding the current market dynamics today. “BTC Aggregate CVDs & Delta reveal limit spot sellers here with shorts pushing for control.” This means that even as traders are looking to buy at market prices (takers), those willing to sell are setting limits, adding a ceiling to any short-term bullish momentum. The specific price point to note here is $26,100. “This level has acted as a magnet for limit sellers,” Skew notes, “and is backed by the pattern seen in spot CVD versus price so far.” In other words, spot takers are being absorbed by limit sellers at this price, constraining upward movement. Perpetual CVD (Perp CVD) also deserves attention as it “moves lower in line with longs closing out and new shorts coming in.” This suggests that traders are not only covering their long positions but also opening new short positions, in line with the current bearish price action. Examining specific exchanges like Binance and Bybit gives further granularity to the analysis. According to Skew, “Longs got rinsed in that sweep below $25,800, thereby marking that level as a key pivot point.” Open Interest (OI) on Binance saw a reduction of 6,000 BTC, and Bybit OI was down by 3,000 BTC – all in long positions that were liquidated. The liquidation of longs at these levels presents a clear risk for any bullish scenarios. “Clear risk for longs is below $25,800,” Skew asserts, making it an essential level to watch for traders who are net long. MacroCRG, a renowned market analyst, added to the analysis that large amount of longs were liquidated again during yesterday’s BTC dip: “More pain for #Bitcoin longs as another $300M+ of open interest was wiped out overnight by a downside sweep. When will it end?” However, there could be a silver lining, as Skew puts it: “Likely to see apes rage shorting this soon.” But so far, Bitcoin’s open interest (OI) remains flat after Thursday’s flush. OI currently stands at $10.88 billion (after being above $14 billion). BTC’s OI-weighted funding rate has already turned positive again at +0.0060. If the value turns negative for several days, as it did before the March 2023 rally, it could be a sign that a short squeeze is on the cards. However, after Thursday’s crash, the metric remained in negative territory only for a short time. BTC Short-Term Holders and Velocity On-chain specialist Axel Adler Jr. points out that the short-term Bitcoin holders (STH) cohort has decreased their holdings by a significant 400,000 BTC. This mass exodus has put considerable selling pressure on the market, rendering many STHs “underwater” and thereby less likely to engage in bullish behavior. Moreover, Adler emphasizes the BTC Velocity metric, stating, “At the beginning of this year, the BTC Velocity metric dropped to its minimum level.” This extremely low velocity indicates not just low volatility, but also a lack of market participant activity – a concerning sign for any imminent bullish turn. Therefore, Adler concludes: At press time, BTC traded at $26,114.

Binance US collaborates with MoonPay to restore USD transactions. Binance US encounters access issues to USD ramps due to severed banking ties. Binance US faces heightened regulation, prompting the need for new solutions. Binance US, the American arm of the world-renowned crypto exchange Binance, has announced a strategic partnership with payment startup MoonPay in an attempt to reestablish a seamless flow of USD transactions into the crypto market. The move comes as Binance US grapples with a series of legal and financial obstacles in the wake of heightened regulatory scrutiny surrounding the crypto industry. According to the August 22 announcement, Binance US has been working on integrating new US dollar on-ramp solutions by partnering with third-party payment provider MoonPay. The recent Binance US transition to a crypto-only platform, discontinuing its fiat on- and off-ramp services, appears to be in flux just one month after its implementation. Binance US has replaced USD with the new “base asset USDT”, a stablecoin pegged to the U.S. dollar. Still, the specific details about the range of cryptocurrencies that will be supported for trading against the US dollar via the MoonPay partnership remain unclear. However, through this collaboration, Binance US users can now conveniently fund their accounts by exchanging dollars for USDT. Subsequently enabling the purchase of various other cryptocurrencies offered on the platform. Although direct bank deposits remain inaccessible at present, the partnership with MoonPay extends users an alternative on-ramp solution. This solution facilitates transactions through debit and credit cards. As well as popular digital payment platforms like Apple Pay and Google Pay. Recommended for you Binance Collaborates With Hungarian Football Club to Boost Engagement via NFTs

Coinbase Base blockchain hits 16 TPS, marking rapid growth. Base pioneers self-tokenization with “keys” through the Friend.tech app. Two weeks back, Coinbase, the leading US-based cryptocurrency exchange, officially launched its decentralized blockchain, Base. This development marked a significant milestone as it became the first publicly traded company to introduce its proprietary blockchain. Since its unveiling, Base has been swiftly gaining momentum, systematically fulfilling its objectives. Reflecting on it, Base scaling has soared to 5.10X over a mere seven days as of August 21. On this day, the Layer-2 (L2) average Transactions Per Second (TPS) reached an impressive 54.05, while Ethereum’s average TPS stood at 11.70. The Total Value also hit a high L2 Avg. TPS of 15.88, compared to Ethereum’s average TPS of 11.70. Brian Armstrong expressed his enthusiasm by tweeting “@BuildOnBase hit 16 transactions per second yesterday, largely due to @friendtech but still – incredible growth.” The application Friend.tech, built on Base, offers a novel way for users to manage their online presence. Enabling users to tokenize their identity by buying and selling “keys” (formerly known as “shares”) of themselves to followers, the platform was officially launched on August 10. Jesse Pollak, the creator of Base, also shared his excitement. He stated that he is proud to see Coinbase’s Base exceeding ethereum transactions. Meanwhile the community shows support by saying that this accomplishment underscores Base’s rapid adoption and transformative potential in the blockchain landscape.

For any trader, recognizing stock chart patterns is essential to continued success and profitability. However, the process can be time-consuming and challenging, as patterns can look identical and often require a trained eye to distinguish one from the other. Stock chart patterns, which are graphical representations of price movements in the stock market, are used by traders to identify potential trends and make predictions about future movements. When you consider that Timothy Sykes, one of the big names in trading penny stocks today, has taught how to observe stock chart patterns to his top students— some of whom have now made several millions of dollars over a few years— you get an idea of just how much profit can be made from understanding stock chart patterns. Every trader knows stock chart patterns are essential, either in part or in full, but not all traders understand the immense value of finding these patterns in real-time. Experienced traders are now leveraging the power of artificial intelligence (AI) to see patterns in real-time and make more informed trading decisions. The good news is that any trader, no matter how inexperienced, can also do the same when guided properly. In this article, I will show you the benefits of finding stock chart patterns in real-time and how to leverage AI for the best ROI. But first, let’s see the most important stock chart patterns to look for. Which Stock Patterns Are The Most Important? Stock chart patterns (StocksToTrade.com) According to Sergey Savastiouk— founder and CEO of web-based, interactive financial marketplace Tickeron— the concept of stock chart patterns is based on the idea that certain patterns tend to repeat themselves and thus can be used to anticipate market movements. There are many stock patterns that could come in handy and if you are going to trade stocks more easily, you should be aiming at knowing, recognizing, and understanding the most important of them. Wondering what the most essential stock patterns are? Financial technology thought leader Savastiouk has some answers: 1. Head and Shoulders: This pattern is often a signal that a security’s price is set to fall, once the pattern is complete. It consists of a peak (head), followed by a higher peak (shoulder), and followed by a lower peak (shoulder). 2. Cup and Handle: This bullish signal marks a time of consolidation before a breakout. It resembles a teacup when viewed from the side. 3. Double Tops and Bottoms: This pattern often signifies a trend reversal. Double tops are formed after a sustained uptrend and signify that the asset is set to fall. Double bottoms, on the other hand, are formed after a sustained downtrend and signify a potential rise in the asset’s price. 4. Triangles: These can be ascending, descending, or symmetrical, and often signal the continuation of a trend. They are typically identified by drawing trendlines along the highs and lows on a chart and noting the convergence. 5. Flags and Pennants: These short-term continuation patterns mark a small consolidation before the previous move resumes. 6. Wedges: Wedges can be either rising or falling and can signify both reversal or continuation patterns, depending on the trend on which the wedge forms. While there are many more patterns that can influence or impact trading, Savastiouk notes that the patterns above are the most critical weapons in a trader’s arsenal. The patterns serve as a guide for traders and investors, providing them with insights into potential price movements. However, as with all trading strategies, Savastiouk says they should not be used in isolation but in conjunction with other indicators and risk management techniques. The Dawn of AI Trading Bots AI trading bot (Source: Tickeron.com) AI and automated trading systems, often referred to as trading robots or “bots,” have become increasingly common in today’s financial markets. AI-powered platforms like Tickeron might help professional traders find stock patterns by enabling pattern recognition, backtesting, automated alerts, predictive analysis, and integration with other tools. AI trading bots can further benefit professional traders in the following ways: Efficiency: AI robots can process vast amounts of data at a speed far beyond human capabilities. They can analyze market trends, identify patterns, and execute trades in real-time, increasing efficiency and responsiveness. Emotionless Trading: AI robots are devoid of emotions, which can often negatively impact trading decisions. They strictly follow the trading strategy they are programmed with, eliminating the risk of panic selling, overconfidence, or other emotional decisions. 24/7 Trading: Financial markets, especially cryptocurrency markets, operate around the clock. AI robots can trade continuously, capitalizing on opportunities that might arise outside of a human trader’s working hours. Customizability: Traders can program AI robots to follow specific strategies that suit their risk tolerance, financial goals, and preferred markets. However, while AI trading bots offer a range of benefits, they also pose some risks— including overreliance, cybersecurity risks, and inability to adapt to market volatily. That’s why Savastiouk notes that they should be used as part of a broader investment strategy that considers a variety of factors. For example, the AI-powered trading platform Tickeron has other tools like AI Screener to perform a thorough fundamental analysis. Tickeron also incorporates risk management strategies, such as stop-loss and take-profit orders, in its AI robot to help manage market volatility risks. While AI robots have their place in trading, offering potential benefits in terms of efficiency, emotionless trading, and the ability to operate 24/7, Savastiouk advocates that they should be used wisely, with awareness and mitigation of the associated risks. Benefits of Finding Stock Patterns in Real Time As a stock trader, you can move from seeing patterns after they happen to see them as they happen. The benefits of finding stock patterns in real-time are enormous and Savastiouk shares some insights below: Timely Decision-Making: Stock markets are volatile, with prices moving rapidly in response to a multitude of factors. Identifying patterns in real time enables traders to make timely decisions, seizing opportunities as they arise and potentially improving their returns. Risk Management: Real-time pattern recognition can alert traders to potential price reversals or continued trends. This allows for better risk management as traders can set stop-loss orders or exit positions based on emerging patterns. Automation and Efficiency: Real-time pattern recognition, especially when done through AI platforms, can significantly increase efficiency. It eliminates the need for manual chart analysis, allowing traders to monitor multiple securities simultaneously and freeing time to focus on strategy development. Confirmation of Trade Signals: Real-time pattern recognition can be used to confirm signals from other indicators or forms of analysis. If a pattern aligns with a signal from another technical indicator, it can give traders more confidence in their decision. Improved Precision: Real-time pattern detection can help pinpoint exact entry and exit points for trades. By identifying the exact moment a pattern completes or a breakout occurs, traders can enter or exit trades at the most advantageous moment.’ Adaptability: Markets are constantly changing, and what worked yesterday might not work today. Real-time pattern recognition helps traders stay adaptable, providing up-to-the-minute information that reflects the current market conditions. Final Thoughts While AI-powered bots offer huge benefits and can help traders make data-driven and insights-backed decisions, the stock market must always be approached with caution. As experts like Savastiouk advise, it’s important to note that real-time pattern recognition should be used in conjunction with other forms of analysis and tools (which Tickeron offers). All trading strategies carry risk, and a comprehensive approach can help to manage this. Additionally, pattern recognition requires significant skill and understanding to interpret correctly and is not a guarantee of future price movements.

Ethereum price is facing many hurdles below the $1,700 resistance against the US Dollar. ETH could extend its decline below the $1,580 and $1,550 levels. Ethereum is still struggling to recover above the $1,700 and $1,720 levels. The price is trading below $1,680 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance near $1,665 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another decline if it breaks the $1,580 support in the near term. Ethereum Price Faces Uphill Task Ethereum’s price failed to climb above the $1,700 resistance zone. ETH started a fresh decline below the $1,650 and $1,620 levels, similar to Bitcoin. The price even spiked below the $1,600 support and tested $1,580. A low was formed near $1,580 and the price is now attempting a fresh recovery. There was a move above the $1,600 level. The price is now testing the 50% Fib retracement level of the downward move from the $1,693 swing high to the $1,580 low. Ether is also trading below $1,680 and the 100-hourly Simple Moving Average. Besides, there is a major bearish trend line forming with resistance near $1,665 on the hourly chart of ETH/USD. On the upside, the price might face resistance near the $1,650 level. It is close to the 61.8% Fib retracement level of the downward move from the $1,693 swing high to the $1,580 low. The next resistance is near $1,665 or the 100-hourly Simple Moving Average or the trend line. Source: ETHUSD on TradingView.com The main barrier is still near the $1,700 zone. A close above the $1,700 level could start a decent increase in the near term. The next major resistance is near the $1,750 level. Any more gains might send the price toward the $1,820 resistance. Another Drop in ETH? If Ethereum fails to clear the $1,665 resistance, it could start another decline. Initial support on the downside is near the $1,600 level. The first major support is near the $1,580 zone. If there is a downside break below $1,580, there could be more losses. The next major support is near the $1,550 support level. Any more losses might send the price toward the $1,520 level or even to a new low below $1,500. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $1,580 Major Resistance Level – $1,665

BNB price (Binance coin) is attempting a recovery from $202 against the US Dollar. The price could start a strong increase if it clears the $215 resistance level. Binance coin price is slowly moving higher from the $202 zone against the US Dollar. The price is now trading below $230 and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $208 on the 4-hour chart of the BNB/USD pair (data source from Binance). The pair might gain bullish momentum above $215 and $216. Binance Coin Price Eyes Fresh Increase In the past few days, BNB price saw a major decline from well above the $235 level. The price declined below the $225 and $220 levels to enter a bearish zone, similar to Bitcoin and Ethereum. It even spiked below the $212 support. It tested the $202 zone and recently started an upside correction. There was a move above the $210 level. Besides, there was a break above a key bearish trend line with resistance near $208 on the 4-hour chart of the BNB/USD pair. However, BNB price is still trading well below $230 and the 100 simple moving average (4 hours). On the upside, it is facing resistance near the $214 level. It is close to the 23.6% Fib retracement level of the downward move from the $248 swing high to the $203 low. Source: BNBUSD on TradingView.com A clear move above the $214 zone could send the price further higher. The next major resistance is near $225 or the 50% Fib retracement level of the downward move from the $248 swing high to the $203 low. A close above the $225 resistance might increase the chances of a push above the $230 resistance. Another Decline in BNB? If BNB fails to clear the $214 resistance, it could start another decline. Initial support on the downside is near the $208 level. The next major support is near the $202 level. If there is a downside break below the $202 support, the price could drop toward the $200 support. Any more losses could send the price toward the $185 support. Technical Indicators 4-Hours MACD – The MACD for BNB/USD is losing pace in the bearish zone. 4-Hours RSI (Relative Strength Index) – The RSI for BNB/USD is currently near the 50 level. Major Support Levels – $208, $202, and $200. Major Resistance Levels – $214, $225, and $230.

Bitcoin (BTC), the leading cryptocurrency in terms of market capitalization, is displaying persistent indications of an ongoing downtrend. Currently oscillating between the $26,000 level and the $25,800 mark, it is edging closer to a crucial support level at $25,400. The significance of this threshold cannot be overstated for BTC bulls, as it holds the potential to halt the ongoing decline. Bitcoin Faces Crucial Levels, Analyst Warns Of Potential Dip Bitcoin finds itself at a critical juncture as it tests a crucial support level, according to renowned crypto analyst Ali Martinez. The analyst points to the critical support level of $25,400, which serves as a make-or-break threshold for BTC bulls. According to his analysis, a breakdown below this level could trigger further downside momentum, potentially leading to a dip to $22,650 or even $20,590. While cautioning about potential downside risks, Martinez also highlights a key resistance level that Bitcoin needs to overcome for a bullish trend reversal. The $28,830 mark emerges as a crucial hurdle that BTC must surpass to shift the market sentiment in favor of the bulls. A successful breakthrough above this resistance level could trigger renewed buying interest and potentially ignite a sustained upward move for Bitcoin. However, as depicted in the chart above, Bitcoin briefly lost its crucial $25,400 support on August 17, dipping below the $25,100 mark. The breach triggered an immediate response from Bitcoin bulls, leading to a swift recovery and reclaiming of the $26,000 level. Nevertheless, what is certain, is that BTC has struggled to consolidate above this line and continue its upward momentum. However, many market participants view this as a potential consolidation phase for Bitcoin, a pattern that has occurred historically after significant declines. These consolidation phases are often followed by a resumption of the bull run, as evidenced by previous instances. For instance, on March 11, Bitcoin experienced a sharp decline from its first yearly high of $25,000, only to recover and conclude a one-month uptrend on April 14 at $30,900. Similarly, on June 14, after falling from its initial yearly high to the $25,000 mark once again, Bitcoin recovered and surged to achieve another yearly high at $31,800. These historical instances suggest that the current price action for BTC is within the realm of normal. It follows a pattern of temporarily dampening investor hopes and then, under favorable circumstances, rebuilding confidence and propelling investors to new heights of optimism. Overall, the sustainability of Bitcoin’s upcoming support floor is yet to be determined, and it remains to be seen if this current price action will follow the historical pattern of recovery seen in the past. Should this trend persist, there is a possibility of a short-term recovery ranging between $5,000 to $10,000 for the dominant cryptocurrency in the market. Featured image from iStock, chart from TradingView.com

Bitcoin price remained strong above the $25,500 zone. BTC could soon attempt a recovery wave above the $26,500 resistance zone in the near term. Bitcoin is still consolidating above the $25,500 support zone. The price is trading near $26,050 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance near $25,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a decent increase if there is a clear wave above the $26,500 resistance. Bitcoin Price Eyes Recovery Bitcoin price started another decline below the $25,800 zone. BTC spiked below the $25,600 and $25,500 levels. However, downsides were limited below the $25,350 level. A low was formed near $25,359 and the price started a fresh increase. There was a move above the $25,500 and $25,600 levels. The price climbed above the $26,000 level and tested $26,150. Besides, there was a break above a connecting bearish trend line with resistance near $25,900 on the hourly chart of the BTC/USD pair. Bitcoin is now trading near $26,050 and the 100 hourly Simple moving average. It is also above the 23.6% Fib retracement level of the recent increase from the $25,359 swing low to the $26,155 high. Immediate resistance is near the $26,150 level. The next major resistance is near $26,250. A close above the $26,250 resistance might send the price toward the $26,500 resistance zone. Source: BTCUSD on TradingView.com If the bulls push the price above $26,500, there could be a move toward the $27,000 resistance zone. Finally, to start a decent increase, the price must settle above the $27,000 zone. A close above the $27,000 resistance could start a decent increase toward the $27,800 resistance zone. Any more gains might set the pace for a larger increase toward $28,150. Another Decline In BTC? If Bitcoin fails to clear the $26,250 resistance, it could start another decline. Immediate support on the downside is near the $25,850 zone. The next major support is near the $25,550 level or the 76.4% Fib retracement level of the recent increase from the $25,359 swing low to the $26,155 high. A downside break below the $25,550 level might push the price again into a bearish zone. In the stated case, the price could drop toward $25,000. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $25,850, followed by $25,550. Major Resistance Levels – $26,250, $26,500, and $27,000.

Trading at around $0.51, XRP bears have fully reversed all gains posted on July 13, looking at price action in the daily chart. Although bulls are optimistic, it hasn’t been smooth sailing for these traders, and bears have been active, shaving gains and putting buyers on the backpedal. Related Reading: Optimism (OP) Continues Market Recovery As Network Whales Triple Holdings As it is, the path of least resistance, looking at the price action from 2023 peaks to date, is southwards. XRP Bears Are Unyielding Presently, XRP is down 45% from July 2023 highs. Though prices are higher relative to last week’s lows, the coin remains under immense selling pressure. Looking at price charts, XRP prices are trending inside the August 17 trade range, a bear candlestick, suggesting that sellers have the upper hand unless there is a significant spike above $0.60 with rising volumes. This could ignite demand, lift sentiment, and allow buyers to resume the uptrend. The ruling by Judge Analisa Torres on July 13 went against the United States Securities and Exchange Commission’s (SEC) claims that XRP is a security. In late 2020, the SEC alleged that Ripple, the blockchain company that uses XRP in one of their payment solutions, raised billions by selling the token, violating securities laws. Ripple’s executives, including Brad Garlinghouse, were also sued. Last month’s landmark ruling, in favor of Ripple and its executives, reignited demand, but the momentum appears to be fizzling since bears have completely peeled back gains. What’s Next For XRP? According to coin trackers, XRP has a market cap of $27 billion and is technically the fourth largest cryptocurrency excluding Tether (USDT), when writing on August 22. The coin is more liquid than Cardano, Solana, and Dogecoin at this valuation. It is only trailing Ethereum, Bitcoin, and BNB. Its gap with BNB is narrowing to around $5 billion. The woes around Binance, the world’s largest crypto exchange, with regulators and banks, especially in the United States, could heap more pressure on BNB. In that way, the coin may drop in valuation, allowing XRP to be the third-largest network in the world. While price action in the daily chart predominantly points to bears, the recent bounce from lower prices after the dump on August 17 may signal strength. Whether buyers will build on this development and resume the uptrend in the direction of the July 13 bar remains uncertain. What’s also clear is that trading volumes are relatively low compared to the wide-ranging bar of mid-July that still shapes the current preview.

The crypto community is currently buzzing with excitement and curiosity following rumors of Robinhood potentially listing XRP. These rumors come as the XRP price falls to pre-judgment levels, sparking hope that it could trigger a reversal. XRP Rumors Has Crypto Twitter In A Frenzy Rumor has it that an anonymous insider has confirmed the potential listing of XRP, the native token of Ripple, on Robinhood, an American financial trading platform, before the end of 2023. The rumor was started on August 22 by a crypto user on X (formerly Twitter) who goes by the username @25hoursawake. The whispers of Robinhood listing XRP have sent shockwaves in the crypto community and numerous crypto investors and enthusiasts have taken to Twitter to air out their respective views and opinions on the speculation. Robinhood is renowned for its meticulous listing process, and according to an X user Crypto Asset Guy, Robinhood has a reputation for not just listing any type of cryptocurrency. The trading platform puts considerable effort and time into its crypto listing procedure to ensure only the highest-qualified cryptocurrencies according to their standards are integrated into its platform. Alternatively, the crypto and stock trading platform is also known for delisting cryptocurrencies without a second thought, if said cryptocurrency faces any form of regulatory or significant market challenges. As the crypto space eagerly discusses the ramifications of Robinhood potentially listing XRP, some enthusiasts argue that integrating XRP tokens into the platform would have a positive outlook, exposing the digital asset to a wider audience and increasing investments in Robinhood. Other individuals have pointed out Robinhood’s affinity for restricting trades and transactions during high market volatility. This has led to doubts about the platform’s ability to provide uninterrupted access to XRP users’ digital assets. Commenting on the rumors of Robinhood listing XRP, Crypto Assets Guy stated that if the speculations prove to be true, then the crypto community should look forward to a surge in investments and market trends. He emphasized that Robinhood may have insights on XRP, unbeknownst to the public. “If the rumors are true and Robinhood lists $XRP by the end of the year then prepare for a MASSIVE uptrend. Robinhood is known for being very tedious when selecting which crypto to list. So if they are getting ready to list XRP they must know something,” he said. Additionally, the outcome would undoubtedly increase the cryptocurrency’s mainstream adoption. Analyzing The Potential Effect Of A Robinhood Listing Ripple has been in an ongoing lawsuit with the United States Securities and Exchange Commission (SEC) for almost three years now. The lawsuit was thought to be finalized after XRP took a win following Judge Analisa Torres’s ruling which stated that programmatic XRP sales are not to be considered a security. However, the SEC has recently issued an interlocutory appeal to reevaluate the case. This move has pushed XRP back to a potentially red zone in terms of regulatory challenges. If the SEC were to emerge victorious, then it could impact the potential listing of XRP on a platform such as Robinhood.