<img alt="" class="webfeedsFeaturedVisual wp-post-image" height="411" src="https://coinedition.com/wp-content/uploads/2023/07/Prominent_XRP_Lawyers_Seek_Withdrawal_From_Ripple_vs_SEC_Case.jpg" style="display: block; margin-bottom: 5px; clear: both;" width="730" /><p>Blockchain-based file-sharing and payment network LBRY has received widespread support after it announced its intention to appeal after a federal judge ruled in favor of the United States Securities and Exchange Commission (SEC) in the regulator’s lawsuit against LBRY in July. Bill Morgan, a crypto lawyer well-known in the industry, expressed his unwavering support for [&#8230;]</p>
<p>The post <a href="https://coinedition.com/xrp-lawyers-stand-with-lbry-in-federal-court-ruling-appeal/" rel="nofollow">XRP Lawyers Stand With LBRY in Federal Court Ruling Appeal</a> appeared first on <a href="https://coinedition.com" rel="nofollow">Coin Edition</a>.</p>

XRP Lawyers Stand With LBRY in Federal Court Ruling Appeal

Bitcoin has recovered over the last day after gaining momentum from the Valkyrie Ethereum ETF news and pulling up the likes of the MATIC price. This has led to a rare green day for the cryptocurrency market in as many months but MATIC may not be able to hold as well as other altcoins as whales make their move. Whales Move Tens Of Millions To Exchanges The first notable whale transaction involving MATIC was flagged by Lookonchain on Wednesday. The transaction was carrying 10.78 million tokens at the time worth around $5.5 million. Related Reading: IPO Frenzy: What Happens To XRP Price If Ripple Stock Climbs To $600? Mostly, it was the destination of these tokens that was important which turned out to be the Binance crypto exchange. The whale looked to have deposited the tokens to sell them as the MATIC price had taken a quick 3% dive following the deposit. A whale deposited a total of 10.78M $MATIC ($5.5M) into #Binance in the past 26 hours and the price of $MATIC decreased by 3%. The whale currently has 2.72M $MATIC($1.37M) left.https://t.co/C4VNQ1QDq9 pic.twitter.com/8JcoySfsRP — Lookonchain (@lookonchain) September 27, 2023 MATIC would later recover and move into the green, a price increase that seemed to have prompted more whales to take advantage of the situation. Over the course of the day, whale transaction tracker Whale Alert would report multiple whale transactions all carrying millions of dollars worth of the token toward exchanges. The next large transaction was one carrying 11,000,888 tokens worth $5.7 million to the Binance exchange. Another transaction followed shortly carrying the exact number of MATIC tokens also headed for the Binance exchange. Within the same hour, the whale tracker also reported 15,826,267 million MATIC being shifted once again to Binance. This transition was carrying approximately $8.2 million worth of tokens. This pointed toward whales looking to dump large portions of holdings. 🚨 15,826,267 #MATIC (8,199,632 USD) transferred from unknown wallet to #Binancehttps://t.co/fgGpVb7id0 — Whale Alert (@whale_alert) September 28, 2023 MATIC price resting at $0.52 | Source: MATICUSD on Tradingview.com MATIC Price Could Suffer Drawdown The massive amounts of tokens being shifted toward centralized exchanges could mean that the whales are beginning to offload some of their holdings to avoid further losses. In this case, it is not farfetched to say that the altcoin’s rally over the last day might be a brief one. Such a fall could easily see the MATIC price fall back to $0.51 as bears retest the support at $0.5. Related Reading: Analyst Presents 4 Charts That Prove Crypto Is Not Dead However, all hope is not lost for the MATIC price as the coin still holds some bullishness. As one TradingView analyst points out, if the altcoin is able to break out from its current descending triangle, then the price could rally over 50%. MATIC could see an upside to $0.9 | Source: Tradingview.com The analyst puts the first target of this rally at the $0.9 level as well, which is an almost 100% price increase from here. But MATIC will continue to face opposition from bears, making it a tricky situation. At the time of writing, the MATIC price is resting above $0.5232, enjoying 3.06% gains in the last day. Featured image from Cryptopolitan, chart from Tradingview.com

MATIC Price Rally Threatened As Whales Deposit Millions Of Tokens To Exchanges

In the world of Bitcoin mining, the concept of decentralization versus centralization has been a subject of ongoing debate.  Recent data from Hash Index has shed new light on this discussion by revealing that public miners make up just 28% of Bitcoin’s global hash rate. This statistic challenges the notion that miners hold central control […]

Bitcoin Hash Rate: Public Miners Account For Just 28% – Is Decentralization In Jeopardy?

Tezos blockchain to host Van Gogh’s color palette with the assistance of augmented reality and NFT technology.
Continue reading at DailyCoin.

French Art Museum Unseals Van Gogh On-Chain Souvenir NFTs

CommEx, the newcomer to the cryptocurrency scene, recently addressed the crypto community in an open letter, shedding light on the murmurs surrounding their acquisition of Binance’s Russian division. Significantly, the emphasis was on the transparency of their operations and the assurance that Binance doesn’t hold ownership. Former Binance Veterans Join CommEx Besides the fact that 
The post Just In: CommEX Denies Binance Involvement Amid Ownership Concerns appeared first on CoinGape.

Just In: CommEX Denies Binance Involvement Amid Ownership Concerns

Valkyrie recently received approval to offer Ethereum futures in its existing ETF. The approval pushed ETH’s price to a three-week high of $1,686. On-chain analytics showed that Ethereum was trending after the launch of Ethereum futures ETF. United States-based financial services firm Valkyrie Funds LLC recently received the approval to offer Ethereum futures in its […]
The post ETH Reaches 3-Week High After Valkyrie Includes Ether Futures In ETF appeared first on Coin Edition.

ETH Reaches 3-Week High After Valkyrie Includes Ether Futures In ETF

In a surprising turn of events, Valkyrie Funds, a prominent player in the crypto space, is reportedly making a significant change in its approach to its Ethereum (ETH) Futures contracts. The update was first shared by Fox Business Journalist Eleanor Terret via her X account, causing ripples of speculation in the crypto community. Valkyrie Unwinds 
The post Valkyrie Just Made a Surprising Move in its New Ethereum Futures ETF: Report appeared first on CoinGape.

Valkyrie Just Made a Surprising Move in its New Ethereum Futures ETF: Report

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43,000 Bitcoin For A House??

Perkins Coie LLP partner Keith Miller, who is also a former SEC enforcement lawyer, weighs in on what BlackRock's application means for the spot bitcoin ETF race in the U.S. "As more traditional financial institutions get into the market, there's going to be more pressure on the SEC to authorize one of these bitcoin ETFs," Miller said.

SEC Facing 'More Pressure' to Approve Spot Bitcoin ETFs as TradFi Giants Step In, Legal Expert Says

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