Check out the latest crypto news and updates in the industry with the U.Today news digest!
U.Today provides you with an overview of the past day’s crypto events with the top three news stories.
Ripple CEO ready to take XRP fight to Supreme Court
Yesterday, Nov. 8, X platform user known as @DROPZXRP published a full interview of Ripple CEO Brad Garlinghouse that took place during DC Fintech Week 2023. In the interview, Garlinghouse said that he is ready to pursue the ongoing legal dispute with the SEC all the way to the highest judicial authority of the United States. “I think that definitely could happen. I mean, certainly. And we’ve said this publicly. We are in it till the end,” stated the CEO. This comes after the regulator’s recent hints at potentially appealing the case, which could take the XRP dispute to the Supreme Court. Per Garlinghouse, he was given the opportunity to resolve the matter out of court, but this option was later withdrawn “with prejudice,” which he takes to be a clear indication of Ripple’s superiority. “That feels really good. It feels like…There’s no chance they were going to win that. Pushing that the way they did, it just feels like the SEC should be part of the solution,” he stated.
Bitcoin could see ETF approval tsunami: Analyst
The United States is currently witnessing growing anticipation of a number of spot Bitcoin ETF approvals. A high likelihood of such an event has been noted by Bloomberg Intelligence analyst James Seyffart. In his recent X post, Seyffart wrote that he believes in “90% chance by Jan 10 for spot Bitcoin ETF approvals.” He also mentioned a potential “wave of approval orders for all the current applicants could occur.” According to Seyffart’s research, the SEC deliberately delayed orders for a number of companies, including major market players like BlackRock and Fidelity. This delay implies that the regulatory agency could be making preparations to approve a range of Bitcoin ETFs in the near future. Seyffart emphasizes a specific window brought on by Grayscale’s recent court triumph, which may lead to a domino effect of approvals by January 2024. The SEC will make its decision on the first batch of applications by Nov. 17, says the analyst, and might approve the rest by early next year.
Shib Wallet to feature forget-proof recovery and email sign-in
According to the announcement made on the Shiba Inu blog on Nov. 7, Shib Wallet has recently been equipped with a couple of new features that will enhance the user experience significantly. These features include a forget-proof recovery system and an email-based sign-in capability, which will allow users to recover their wallets using multiple-factor authentication even if they forgot their seed phrases. By using only an email and password, the wallet aims to lessen the difficulties associated with managing cryptographic keys while maintaining a noncustodial framework. Thanks to this, users retain full control over their private keys and assets. In addition to this, the wallet was said to facilitate gasless transactions, allowing users to carry out transactions even in the absence of a network’s native token. This feature has the potential to simplify the transaction process.