Claim $500Hinman Docs Reveal In XRP Case To Congressional Hearing; Why This Week Is Crucial For Crypto?
XRP Lawsuit News: The digital asset market took a massive hit last week as the U.S. top financial watchdog, the Securities and Exchange Commission (SEC), sued two of the world’s biggest crypto exchanges. However, It is expected that the crypto market might witness even more volatility in this week due to scheduled mega events ahead.
Also Read: Binance To Face US DOJ’s Criminal Charges Or It’s Just A FUD: Ex-SEC Exec Hints
Hinman Docs To Unseal In XRP Lawsuit
The crypto community can anticipate a roller coaster ride in the market charts this week as much anticipated crucial documents in the XRP lawsuit will be released amid the recently filed legal dispute between U.S. SEC and Binance.
As per the schedule, the world’s largest crypto exchange, Binance and its U.S. arm need to respond to the U.S. SEC’s application for a temporary restraining order by Monday. The commission asked a federal court to issue a temporary restraining order to freeze Binance.US’s assets.
Tuesday will be marked as the biggest day for Ripple Labs and other defendants in the U.S SEC Lawsuit. The infamous speech was given by then SEC Director of Corporation Finance, Bill Hinman stated in his view, Ethereum (ETH) was not security. It is expected that the sealed documents will disclose what internal discussion led the executive to suggest the nature of Ethereum. Read More XRP lawsuit News Here…
CPI Data, FOMC Meeting Remains Main Focus
The US Core Consumer Price Index (CPI) will be the main focus this week followed by the crucial FOMC meeting. US CPI data will be announced on June 13, while the crucial FOMC meeting will be held from June 13-14. However, US Fed Chief Jerome Powell will give out market moving statement on June 14.
The market needs to brace itself as ECB is expected to raise interest rates by 25 basis points on June 15 amid inflation pressure. Reports suggest that due to persistent inflationary pressures, the central bank might halt the hike for the rest of the year.
Also Read: XRP Lawsuit Verdict Might Prove Crucial For Coinbase, Binance, Says Attorney
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Michael Saylor’s “Green Dots” Message Hints At Fresh Bitcoin Buying As BTC Faces $90K Wall
- Fed’s Hammack Signals No Rush to Cut Rates as January Hold Odds Near 80%
- XRP ETFs Reach $1.21B as Asset Managers See a ‘Third Path’ Beyond Bitcoin
- Nearly $50M in USDT Stolen After Address Poisoning Scam Targets Crypto Trader Wallet
- Breaking: Rep. Max Miller Unveils Crypto Tax Bill, Includes De Minimis Rules for Stablecoins
- Will Solana Price Hit $150 as Mangocueticals Partners With Cube Group on $100M SOL Treasury?
- SUI Price Forecast After Bitwise Filed for SUI ETF With U.S. SEC – Is $3 Next?
- Bitcoin Price Alarming Pattern Points to a Dip to $80k as $2.7b Options Expires Today
- Dogecoin Price Prediction Points to $0.20 Rebound as Coinbase Launches Regulated DOGE Futures
- Pi Coin Price Prediction as Expert Warns Bitcoin May Hit $70k After BoJ Rate Hike
- Cardano Price Outlook: Will the NIGHT Token Demand Surge Trigger a Rebound?
