Shibarium: The Best-Performing NetworkShibarium, known as one of the best-performing networks in the blockchain ecosystem, continues to buzz with activity. Users regularly carry out transactions on Shibarium, making it the most widely used layer-2 network. NowNodes, the Node operator that first demonstrated support for Shibarium before and after its launch, revealed this success through the Milestone report they prepared. Also Read: Good News for You ShibArmy, Shibarium to be released next week? Here is the Developer's Answer Shibarium not only provides smooth transactions to its users, but also manages to outperform other L2 solutions. However, even though it has shown strong performance, this may not be enough to help Shiba Inu reach a value of $0.01. ', the SHIB token burning process has not yet started. This burning mechanism has not been activated even though Shibarium was launched three months ago. If Shibarium starts burning trillions of SHIB tokens starting next year, there is a possibility that Shiba Inu could reach $0.01. However, Shiba Inu's journey towards $0.01 is now completely dependent on Shibarium. If these L2 networks fail to burn trillions of tokens, then SHIB may have a hard time reaching 1 cent.

Bitcoin Ordinals and Their ImpactThis week, on-chain transactions experienced a significant increase in fees due to the resurgence of Bitcoin Ordinals. Ordinal is a type of NFT that can be used to permanently record information on the blockchain. Also read: Exciting! Crypto Ordinals (ORDI) Price Jumps 80% in 24 Hours, What's Up? With many BRC-20 Ordinal transactions having to be processed on-chain, Bitcoin miners face stiffer competition for confirmations. As a result, higher fees are required.heatmap ordinalsHeatmap Bitcoin Ordinals (screenshot). Source: GeniiData Without this fee, transaction confirmation times would be much longer than usual. GeniiData reports that over the past week, nearly 1 million “mints” have occurred. Since then, there has been a shift in the most active projects, with BEES, gpts, and HALV now generating the most miners.

Ethereum Volatility Spike and Its Impact on the Market ethereum volatility spikeSource: Greeks LiveEthereum, the second largest cryptocurrency after Bitcoin, recently reached its annual volatility peak. This was due to bullish momentum continuing throughout the weekend, pushing Ethereum to its highest point in a year. Even so, the block trading pattern showed stability, with no significant peaks or troughs that typically signal large institutional moves. However, the order book for Ethereum Put options, a strategy frequently used by traders anticipating a downturn, has seen gradual improvements. This shows that traders are playing strategically, buying protective puts after a significant bull market rally. Also Read: Despite Promising, European Union Market Regulator Reveals DeFi 'Risks' Capital Movement to the DeFi Market As Ethereum prices rally, investors are starting to move their capital to the DeFi market. In the last two weeks, the price of Ethereum has risen 25%, from $1,540 to $1,910. This seems to have attracted investors' attention to several DeFi projects built on the Ethereum smart contract network. During this period of rising Ethereum prices, the total market valuation of DeFi tokens also increased significantly, with an additional $10 billion invested in various DeFi tokens in the smart contract ecosystem Ethereum.Also Read: First in Europe, Fintech Company Unstoppable Finance Ready to Launch DeFi Bank!SushiSwap: This Week's Hottest DeFi TokenSushiSwap (SUSHI), a Decentralized exchange (DEX) built on the Ethereum network, has become this week's hottest DeFi token. On-chain data shows that SushiSwap DEX has witnessed a significant volume of activity this week, with the price of SUSHI increasing rapidly by 58.55%. When native tokens from DEXs like SushiSwap start to rally, it shows that investors are increasingly moving funds to DeFi assets traded on those trading platforms.

BSV Makes a Big JumpBSV Makes a Big JumpTradingViewSince April 2021, the price of BSV has been below the downward trend line, with the highest price at $50. This decline ended with a low of $15.70 in June 2023. However, BSV then initiated a significant upward movement, marked by a long lower tail (green icon), indicating buying pressure.Also Read: Bitcoin's 15 Year Journey: From Whitepaper Concept to Financial World Revolution! The following week, BSV managed to get out of the trend line. At that time, the trend line had lasted for 800 days. Even so, BSV failed to cross the $50 horizontal resistance area. Instead, the area rejects it twice (red icon). The $50 area is important because since 2018 it has repeatedly acted as support and resistance. Weekly RSI Indicator Shows Optimism Although BSV price failed to break through, the weekly RSI shows optimism. With RSI as a momentum indicator, you can determine whether the market is overbought or oversold and decide whether to collect or sell assets. If the RSI reading is above 50 and the trend is up, then the bulls have an advantage. Conversely, if the reading is below 50, the indicator is me

VeChain Gets New Patent vechain's new patent in AmericaSource: TwitterAccording to crypto researcher, Collin Brown, this patent was granted on October 23, 2023. This patent highlights the VeChain protocol's ability to process multiple transactions at one time, a feature that could strengthen its role in commercial adoption. Also read: VeChain: Revolutionizing a Billion Dollar Industry Through Strategic Partnerships Since its founding in 2015, VeChain has created its ecosystem to lead this niche of companies. Today, VeChain is known as one of the most prolific blockchains driving supply chain efficiency and sustainability efforts. This latest VeChain patent will further expand its accessibility in new markets while driving growth in other regions. Impact of Patents on VET Prices Unlike other protocols focused on payments and company, VeChain is considered undervalued, with its price per share changing to $0.02079, up 1.22% in the last 24 hours (7/11/23). This growth comes from the latest patent announcement, but the question is what the future holds for VET if This milestone is optimized? VeChain has strong exchange support but needs to record comparable levels of demand, which could be realized by the adoption of its patents. Overall, VeChain's future looks bright, given the associated ongoing improvements in the ecosystem as well as the push to recruit more developers to help drive its vision in on-chain. Also read: Can you become a millionaire by investing in VeChain? Check Out the Predictions!How Will VeChain Leverage This Patent?It's not yet clear how VeChain hopes to capitalize on this new patent, but with the growing interest in enterprise blockchain solutions today, finding the right partner to showcase this may be easy.As a respected blockchain, VeChain is too can look to strengthen its partnership with Simplex, which began in August 2021 as it pushes its payments pursuit to greater heights.

SHIB Burn Rate SurgeThe Shiba Inu or SHIB burn rate has been fluctuating, with some days showing higher numbers while other days showing a decline. However, recently, the burning rate has shown relative stability, with daily burning of millions of SHIB consistently. Also Read: Good News for ShibArmy, Will Shibarium Be Released Next Week? Here's the Developer's AnswerAccording to the latest data from Shibburn, the SHIB burn rate has surged by 36,210% amid positive market conditions. Shibburn data shows that 173.2 million SHIB have been sent to dead wallets in the last 24 hours. One of the large transactions that occurred 19 hours ago sent 100 million SHIB to a dead crypto wallet. Community Reaction and Crypto Market Impact This spike in burn rate gave the SHIB community a sigh of relief from the decreasing burn rate. This increase in burn rate comes at a time when Shiba Inu is performing better compared to the past few weeks. CoinMarketCap data shows that SHIB is trading at $0.000008169, with a decline of 1.2% in value in the last 24 hours. Nevertheless, this spike in burn rate could be a positive indicator for SHIB's future.

Cardano and Polkadot Strategic PartnershipCardano recently announced a strategic partnership with Polkadot, a para chain network. In this partnership, Cardano's main development team, Input Output Global (IOG), will use Substrate, Polkadot's core blockchain SDK, to create their 'partner chain' project.Also Read: Cardano Spot Launches New Features to Strengthen Blockchain CommunityThis collaboration is part of IOG's plans for Cardano, which aims to introduce a new framework that enables the growth of independent, interoperable Layer 1 networks. Whale Activity and Price ADAcardano vasil hard forkIn addition to strategic partnerships, Cardano also recorded a significant increase in crypto activity. Whale transactions in ADA increased by 30% in November, indicating a bullish trend. However, ADA price experienced a decline after rising almost 35% in the last 30 days. This decline was caused by crypto investors selling to make a profit. It is expected that this selling will continue this week, and it is recommended to wait for further declines before buying ADA. Impact of the Middle East Conflict on Global Markets Global markets are currently under macroeconomic pressure due to the ongoing conflict in the Middle East. If the conflict between Israel and Palestine worsens, global stock and crypto markets could experience a downturn. Therefore, it is recommended to conduct thorough research before deciding to purchase ADA.

Reasons for the Move and Impact Stratis decided to move to Ethereum with the aim of improving interoperability and performance, especially in the gaming, DeFi, NFTs and enterprise solutions sectors. By moving to Ethereum, Stratis can take advantage of the more widely available tools and interoperability offered by the Ethereum ecosystem. Additionally, Stratis also plans to introduce layer two solutions, specifically designed to meet the increasing demand in the gaming and DeFi sectors. Holder tokens can exchange their tokens for new $STRAT tokens at a ratio of 1:10, effectively increasing the token supply to over 1.53 billion. These adjustments aim to increase the utility of the token, especially for new use cases in the gaming sector and others.Also Read: Ethereum (ETH) Price Soars, What Does This Mean For DeFi Tokens?Benefits for Developers and the Communitystratis evmSource: Metaverse PostBy moving to Ethereum, developer StratisEVM can take advantage of the continuous improvements and innovations developed by Ethereum's large developer community. This means that the Stratis core team no longer needs to allocate significant resources to building and maintaining developer toolkits designed for the Stratis blockchain. Instead, they can now focus on improving interoperability and performance. Additionally, the Ethereum ecosystem has many dApps, ranging from decentralized exchanges to lending platforms, all of which can interact or integrate with StratisEVM to create additional value and functionality. Stratis noted that Ethereum dominates the blockchain market share and moving to this ecosystem will increase developer activity. Also Read: Ethereum Whale Attracts Over $15 Million, Is This a Sign of the Market Going Green? Ongoing Projects Despite the move, Stratis will continue with existing projects ongoing. This includes their NFT marketplace ‘Stratisphere’, NFT ticketing app ‘Ticketsphere’, and plans to issue the first regulated GBP Stablecoin. Stratis is excited about the surge in mobile gaming and looks forward to supporting future projects via the new StratisEVM blockchain.

Blockchain Launch Revolutioncardano launches partner chainsSource: IOHKCharles Hoskinson, founder of Cardano, has revealed that Partner Chains could change the way new blockchains launch and operate. With this framework, networks can build their own computing layers while leveraging the Cardano Settlement Layer for cross-chain settlement.Also read: Cardano Scaling Solution Mithril Makes Progress with New Paper Release!Partner Chains will use Polkadot technology to enable broader integration and flexible with various blockchains. This marks a significant step for Cardano in its pursuit of interoperability and scalability within its ecosystem.Midnight, a blockchain from IOG focused on protecting commercial and personal data, will be one of the first blockchains to leverage the Partner Chains framework.Impact on Innovation and SecurityPartner Chains is designed to be compatible with most blockchains, without requiring special demands from any technology stack or network. This shows Cardano's commitment to supporting innovation without limiting developer creativity.By combining modular blockchain technology with Cardano's proven security, liquidity and reliability, Partner Chains offers a new approach to scalability and interoperability.The newly launched Midnight Protocol will be the perfect complement to Partner Chains , marking a step forward for Cardano in its pursuit of scalability features throughout the year.Also read: Cardano Soars, Total Value Locked Reaches $250 Million!The Future of Cardano and the Web3 EcosystemEven though developer activity has decreased in the last 365 days, the introduction of Partner Chains reaffirms Cardano's commitment to staying at the top of the technology innovation game.Partner Chains is expected to showcase modular technology that is the result of more than four years of research by the IOG team, promising significant improvements in the way blockchain operates and interacts.Cardano remains one of the best performing altcoins on the market today, with on-chain metrics showing a positive outlook for November 2023.

Trillions of SHIB Transfers and Shytoshiwhale shiba inu AlertSource: TwitterWhale Alert, a crypto monitoring platform, captured a massive transfer of SHIB from Bitvavo to an unknown wallet. This transaction occurred a few days after Shytoshi Kusama issued a warning to the 'SHIB army' via social media. Also read: Shiba Inu: From Billion Rupiah Transfers to a New Era of Shibarium! Unidentified 'whale'. Whale Alert later clarified that this was an internal transfer, indicating that the recipient's wallet was also owned by Bitvavo. Bitvavo has carried out several large SHIB transactions in the last two months to restructure their crypto balance. More than 4.3 trillion SHIB has also been moved using anonymous 'whale' digital wallets, according to Whale Alert.Surge in SHIB Activity and Market SpeculationAnalytical data published by aggregator IntoTheBlock shows a 1,666% increase in SHIB on-chain flows this week, likely due to activity Rising 'whales', moving tokens between wallets and buying SHIB coins while the price is still very cheap. A surge in SHIB burn rates also occurred, with the SHIB community burning 101,615,980 SHIB in the last 24 hours, resulting in a 389.54% increase in burn rates. Kusama is confident that without real use and utility of Shibarium, there would be no actual SHIB token burn. He also touched on those in the crypto community spreading FUD about SHIB, which he said could deter investors, partners and regular users from Shibarium. Also read: Shiba Inu Developer Shytoshi Kusama Finally Opens Up: What's the Important Message?Implications for Shiba Inu and the Ecosystem CryptoEven though the transaction was clarified as internal, the sheer size of the amount moved gave rise to speculation among investors and market observers about the potential future price movements of SHIB.Mysterious leader Shytoshi Kusama has spoken about various matters of importance to the 'SHIB army', including the further development of burning on Shibarium and how to increase utility growth on this blockchain. With the total number of transactions on this Layer-2 blockchain increasing to a total of 3,780,336, it is seen that Shibarium's utility continues to grow, signaling a bright future for the Shiba Inu ecosystem.

Important Votearbitrum advantageSource: Daily HodlArbitrum DAO is voting on an important proposal that, if approved, would allow ARB holders to lock up their tokens in exchange for yields paid in tokens. The decision, which is now subject to ongoing community voting, is scheduled to expire on November 6, 2023.Also read: Ethereum Scalable Solution “Arbitrum Orbit” Ready for Mainnet Launch!Originally introduced by PlutusDAO in September, the proposal recommends the DAO to uses Arbitrum treasury funds to fund staking proceeds and distributes them to stakers via smart contracts over 12 months. The governance proposal being voted on presents several options for users to decide on the use of 3.5 billion ARB tokens ($3.4 billion) in the treasury fund – or reject the proposal altogether. The proposal outlines a tiered token allocation system, suggesting that between 1% (100 million tokens) and 1.75% (175 million tokens) of the total 10 billion ARB supply be allocated from the DAO treasury for staking rewards. The proposed staking model also includes penalties for early withdrawal to encourage stakeholders to maintain their investments, thereby aligning token holders' commitment with the long-term goals of the ecosystem. Community Support and Voting Trends Currently, a clear majority of votes support the introduction of staking – indicating a high probability that the proposal could be approved within days Of this majority, 53% of voters supported funding the staking feature with 175 million ARB (representing 1.75% of the total supply), which would come from the Arbitrum DAO treasury, which has a total of 3.5 billion tokens. In contrast, 21.3 % of voters supported approving staking with 150 million tokens (1.5% of total supply), while 18% suggested allocating 125 million ARB tokens (1.25% of supply) for staking.Also read: Lido Finance Approves Proposal to Activate Obol Decentralized Staking Module Implications for Stakeholders If this proposal is approved, it will open the door for token holders to participate more actively in the Arbitrum ecosystem through staking. Staking tokens not only provides incentives to token holders in the form of rewards, but also strengthens the security of the network. In addition, by participating in staking, token holders have the opportunity to contribute to important decisions related to the development and policies of the platform. Ultimately, it is voting that ongoing progress on the Arbitrum DAO and the likely majority support for staking tokens is a strong indication of a healthy and participatory evolution in the Arbitrum ecosystem. This decision will not only strengthen Arbitrum's position in the world of DeFi, but also provide valuable lessons about the importance of community involvement in decision making decentralization.

Easier Web3 Domain CreationSource: CryptoPotatoSPACE ID 3.0 introduces the One-Stop Domain Publishing Toolkit, which simplifies the previously complex and time-consuming process of Web3 domain creation.Users can now provide essential details, parameters, and media files through a user-friendly form, enabling SPACE ID 3.0 to simplify the domain creation process.Also read: Space ID (ID): A Simpler and Efficient Future of Crypto Domain Names! Integrated NFT Marketplace and Improved Domain Management With SPACE ID 3.0, all TLDs now have access to a dedicated domain NFT market , enabling seamless domain name trading. The platform consolidates domains from multiple sources, including OpenSea, Element, ENSVision, and others, offering a one-stop hub for discovery, acquisition, and sales.A strengthened domain management system gives users more control over their domains, with new flexibility allowing users to organize a variety of records, including avatars, social information, and multi-chain addresses.Web3 Name SDK/API and New TLD OpportunitiesSource: CryptoPotatoAdditionally, SPACE ID introduces a comprehensive Web3 Name SDK with features designed to facilitate domain name resolution and reverse resolution , empowering developers to take full advantage of the potential of SPACE ID 3.0 for their applications. The SDK supports multiple TLDs and dynamically adapts new TLDs as they are verified, ensuring seamless integration. SPACE ID 3.0 also introduces the opportunity for users to launch their own TLDs, with the domain launch process requiring staking 10,000 $ID tokens. Overall, SPACE ID 3.0 not only promises to radically improve the way communities and developers interact with Web3 domains, but also paving the way for greater innovation and digital identity within the Web3 ecosystem. With this launch, SPACE ID continues to strengthen its position as a pioneer in universal name services, marking the next major step in the evolution of Web3 identity.Follow us on Google News to get the latest crypto news. Turn on notifications so you don't miss the news.

Impressive Trading Volume Jump Perpetual Protocolperpetual protocol price predictionSource: Perp.comPerpetual Protocol is a decentralized exchange (DEX) for futures contracts on Ethereum and xDai. Traders can take long or short positions with up to 10X leverage on a growing number of assets such as BTC, ETH, DOT, SNX, YFI, and others. Also read: Perpetual Protocol (PERP) Soars 169% in 7 Days! This is the Main Factor for the Price Increase! Trading is non-custodial, which means traders always maintain ownership of their assets, and on-chain. Perpetual Protocol uses a virtual automated market maker (vAMM), which provides on-chain liquidity at predictable prices set by a constant product curve. Additionally, Perpetual Protocol designed its vAMM to be market neutral and fully collateralized. Furthermore, in early January 2021, Perpetual Protocol was known to have recorded over $500 million in trading volume in its first month. This ranks the platform as the sixth largest DEX by weekly trading volume. This success not only marks significant growth but also shows the crypto community's increasing trust in platforms that offer decentralized futures trading contracts. Technological Innovation and Low Gas Fees One of the advantages of Perpetual Protocol is the use of xDai which allows very low gas costs. By spending just $183 for 179,000 transactions, the platform offers an economical solution amidst soaring Ethereum gas fees. Additionally, this innovation not only reduces operational costs but also provides a better user experience, with faster and cheaper transactions.Read also: Perpetual Protocol Price Prediction 2023, 2025, 2030: PERP Ready to Skyrocket to IDR 128 Thousand? Deposit Strategy and its Impact on PERP Tokens Perpetual Protocol Foundation has made 903 strategic deposits.000 PERP tokens to Binance, adding liquidity and increasing trading activity. With a total of 7 million PERP tokens distributed over six months, this move shows trust and long-term commitment to the PERP ecosystem, while taking advantage of favorable market conditions. Overall, Perpetual Protocol (PERP) has proven itself as an emerging force in the world of DeFi with rapid growth and continuous innovation. With strong community support and a well-planned strategy, the platform is ready to continue

Market Suspension and Its Impact aave problem reports Source: Twitter Based on a tweet on X (Twitter) on November 5, 2023, Aave has received reports of problems with certain features of the Aave Protocol. After validation by community developers, the custodians have taken temporary precautions. Also read: Aave Brings a Social Media Revolution with Lens Protocol and Community Governance! According to reports, this suspension affects several markets, including Aave V2 Ethereum Market and certain assets on Aave V2 on Avalanche. Additionally, certain assets on Polygon, Arbitrum, and Optimism have also been frozen.While specific details of the issue or the feature causing the problem have not been disclosed, Aave emphasized that no funds are at risk.Aave Response and PrecautionsAave V3 ProtocolSource: The Coin Republic    “Proposal governance to restore normal operation of the protocol will be proposed soon. A detailed postmortem will be released once the issue is fully resolved,” the protocol noted in the thread. In response to the emerging situation, the Aave team, with the support of community developers, has validated the anomaly and implemented a preventative freeze. They emphasized that user funds remained safe despite the market halt. The Aave V3 markets covering Ethereum, Base, and Metis, as well as the Aave V2 markets on Polygon and Avalanche, were not affected by this issue. Also read: Aavegotchi: The Secret Behind the Combining NFT Game DeFi World!User Access and Governance ProposalUsers involved with frozen assets can still withdraw and settle their positions, but cannot provide or borrow further assets until this issue is resolved.Aave is preparing a governance proposal to restore normal operations and is committed to released a detailed postmortem after the issues were fully resolved. Ultimately, Aave's swift actions and transparent communication demonstrated the resilience of the DeFi space, where agile governance can overcome unexpected challenges while keeping stakeholders informed and funds protected.

Understanding the Creator Economybluzelle layer 1Source: The Market PeriodicalThe Creator Economy is a rapidly growing ecosystem, encompassing a wide range of content creators, from artists, musicians, gamers, social media influencers, to AI-assisted content generators.Also read: Lego Coin ($LEGO): Crypto Projects Contributing to Social MovementsBluzelle, with its state-of-the-art blockchain offering, aims to serve these diverse creators by providing solutions to secure and authenticate their work. “We are thrilled to open a new chapter in Bluzelle's journey, one that combines our past and future; while pushing the boundaries of blockchain technology,” said Pavel Bains, CEO of Bluzelle.Bluzelle Support and $BLZ Token UtilityTo support this shift, Bluzelle leverages the power of its robust infrastructure. This includes their decentralized storage layer, R2, and Capella, both of which play a critical role in the creation, minting, and trading of NFTs. Central to the functioning of their ecosystem is their $BLZ token. This token is designed to strengthen content security, direct NFT transactions, and incorporate SocialFi.Holding this token gives creators the power to unlock the intrinsic value of their content, including minting their works as NFTs and trading them on the Bluzelle platform.Also read: Leo: Advanced AI Assistant from Brave That Changes the Way You Explore the Internet!Bluzelle's Vision for the Creator EconomyBluzelle envisions scaling a creator-focused ecosystem by tokenizing user-generated content (UGC) into Social NFTs.The innovative SocialFi model combines social media and DeFi, opening up revenue streams for creators. This allows creators to establish their ownership and secure revenue from their content.Bluzelle's investment in the Creator Economy through SocialFi and NFT growth channels is set to open up innovative avenues for content creators.

Ratification of Innovative ProposalSource: TwitterLido Finance's liquid staking protocol voted to approve a proposal incorporating Obol Network's Simple Distributed Validator Technology.Also read: Lido Finance Responds to LDO Token Contract Security Concerns, Here's the Response!The motion was passed with over 99% support on November 3 2023. As a condition, the use of Lido DAO protection funds to pay module deduction fines and other fees is also approved. “DVT is the fastest way to add many new Operator Nodes to the Lido Operator Node pool with a more diverse profile of solo participants and community stakers while benefiting from the inherent benefits of this technology such as increased resilience, distribution, and security,” wrote one Lido members in the proposal. Furthermore, “the Simple DVT module is intended to demonstrate that leveraging DVT on mainnet is possible, while advancing the diversification of Lido Node Operators set on Ethereum and potentially setting the stage for more scalable, permissionless DVT-based modules in the future future.”Benefits for Stakeholderslido finance and obol networkSource: Lido BlogIntegration with Obol Network not only increases decentralization, but also brings various benefits to Lido stakeholders. With this new module, stakeholders can enjoy a higher level of security, as the risk of losing keys or attacks on a single node is reduced. In addition, this module also promises to increase operational efficiency and earning potential for validators, which will ultimately have a positive impact on Lido ecosystem as a whole. In short, Obol Network, a clever creation of Obol Labs, is a platform that democratizes staking. Obol Network envisions an ecosystem where every individual, regardless of their technological prowess or financial wealth, can actively participate as a distributed staking validator.Also read: Lido Ceases Operations on Solana, What is the Reason? Impact on the Staking Industry This move will not only have an impact on Lido and its users, but also on the crypto staking industry in general. With innovations such as decentralized staking modules, we can expect new standards in safer and more distributed staking practices. Not only that, oni could also be a signal for other platforms to adopt similar technology, driving the trend towards greater decentralization in staking. Finally, Lido Finance's initiative to adopt Obol Network's decentralized staking module is a progressive step that promises significant changes in the way we stake crypto.

Deaton's Perspective on the XRP CaseSource: TwitterJohn E. Deaton, a lawyer who is a familiar name in the crypto community, has provided a very optimistic view of Ripple's legal position in its battle with the SEC.Also read: Lawyer Predicts SEC Has 3.14% Chance of Success in Ripple AppealWith extensive experience in similar cases, Deaton reckons that if Ripple manages to settle the case with a fine of $20 million or less, it would be a big win. The figure, he said, is a fraction of what could be considered a loss for Ripple, considering the scale of operations and the billion-dollar market value of XRP. Deaton added that public perception of the outcome of the case is often divided, with some seeing it as a victory for the SEC for successfully prosecuting a large company. Furthermore, Deaton highlighted that this decision has much broader implications than just a financial win. This is an indication that the SEC may need to review its approach to crypto asset regulation. Deaton's comments not only provide hope for Ripple but also for many other crypto companies that may face similar legal challenges in the future. Ripple's victory, in this case, could be interpreted as a victory for the entire crypto sector in their fight for regulatory clarity and legal recognition. Ripple and Its Legal Battle The SEC filed a lawsuit against Ripple Labs in December 2020, alleging that the company had conducted an unregistered securities offering through the sale of XRP, the native cryptocurrency associated with them. This case has the potential to set a precedent for the regulation of digital assets in the United States. However, the precedent was finally set when Judge Analisa Torres ruled that the assets were not securities when traded on the secondary market.Also read: Valkyrie CIO Expects Spot BTC Approval to Happen Before End of November 2023 Deal's Impact for Ripple and Crypto Markets The proposed settlement deal of $20 million is seen as a favorable outcome for Ripple, considering the potential implications of the XRP lawsuit and the broader regulatory landscape surrounding the eye crypto money.This deal is also considered an indicator that if there is no real financial loss for investors, then there will be no harsh penalties.Ultimately, Deaton's comments and the latest developments in the Ripple vs SEC case indicate a significant shift in the legal battle that has been ongoing long. The proposed settlement deal not only represents a win for Ripple but also sets an important precedent for the future of crypto regulation.

As of November 5 2023, the price of MultiversX (EGLD) is known to have jumped significantly by 54.87% within 24 hours, recording its highest price at IDR 830,904. Not only that, with this price increase, MultiversX (EGLD) became the crypto asset that led another crypto rally today. What do you think was the factor behind the increase in EGLD prices today? Read more! EGLD Price Soars 104.16% in 1 MonthSource: Pintu MarketMeanwhile, according to the Pintu Market page on November 5 2023, the price of MultiversX (EGLD) was recorded to have skyrocketed 104.16% in thirty days or 1 month. EGLD touched its lowest price of IDR 354,541 and its highest price of IDR 772,563. On the other hand, data from CoinMarketCap (5/11/23) shows that MultiversX's market capitalization is experiencing an increase of 43.48% to $1.2 billion, with trading volume which also jumped 2386.84% to $714 million in the last 24 hours.Also read: Deutsche Telekom and MultiversX Unite, Taking the Web3 Revolution to the Next Level!Factors Behind the Rising Prices of EGLDmultiversx and google cloudSource: CointribuneAccording to the FX Empire report, a surge in interest in currencies AI-related cryptocurrencies likely contributed to the increase in EGLD prices. In October 2023, Google Cloud was known to have partnered with MultiversX (formerly Elrond) to increase Web3's presence. Google Cloud's BigQuery data warehouse has been integrated with MultiversX, which will help Web3 projects and users to gain valuable insights from the powerful data analysis and artificial intelligence tools in the Google Cloud ecosystem. Furthermore, MultiversX claims that the partnership between the two companies this has the potential to immediately streamline the implementation of large-scale, data-first blockchain projects. This will help developers easily access data about addresses, transacted amounts, smart contract interactions, and improved on-chain analytics, the company said.Google Cloud's involvement in the MultiversX network will enable ecosystem builders to use the advanced tools and services available on the platform to bring high performance and scalability to decentralized, non-blockchain application components