U.Today presents the top three new stories over the past day.
Ripple secures more major wins as it wraps up its battle with SEC
In a recent X post, Ripple's chief legal officer Stuart Alderoty shared his "last update on SEC v Ripple ever" as the legal battle between the regulatory agency and San Francisco-based fintech giant seems to finally be over. According to Alderoty's post, Ripple agreed to drop its cross appeal, and the SEC will keep only $50 million of the $125 million fine initially imposed by Judge Analisa Torres. Additionally, the agency will ask the court to lift the injunction that prevented Ripple from selling XRP tokens to institutional investors. Although the SEC has yet to hold an internal vote to finalize the agreement, it is very likely that it will be approved, considering the agency's shift toward a more pro-crypto stance. Following Alderoty's announcement, the price of XRP added a minuscule 1.25%. However, the asset is currently in red, changing hands down 1.82% over the past 24 hours, at $2.40.
Shiba Inu (SHIB) records first major bullish signal
After weeks of decline, Shiba Inu has recently shown signs of a bullish retrace, suggesting a possible shift in trend. Yesterday, the meme token traded close to $0.00001337, successfully breaking above the 26-day EMA; this is the first major sign of a reversal in a long time. The price of SHIB hit a low of $0.0000122, which now serves as a strong local support level. With the Relative Strength Index (RSI) at 50.75, there is potential for further upward movement should it surpass the 55-60 range. However, to validate this signal, SHIB needs to stay above $0.0000133 and execute a break above the 50 EMA, which is located close to $0.0000145. At press time, SHIB is trading at $0.00001470, up 7.05% over the past 24 hours, per CoinMarketCap.
Official Dogecoin reserve goes live with 10 million DOGE purchase
On Monday, March 24, House of Doge, the official corporate arm of the Dogecoin Foundation, took to X platform to announce that the official Dogecoin Reserve went live. To kick off the reserve, an initial purchase of 10 million DOGE, valued at approximately $1.82 million, was made. This initiative aims to enhance liquidity and stability for Dogecoin, reinforcing its vision as a global decentralized currency for everyday transactions. The DOGE community believes that given the dog-themed token's low transaction fees, it could become the world’s preferred currency. Currently, DOGE is experiencing a rebound on the market, trading at $0.1958, up 2.34% over the past 24 hours, according to data provided by CoinMarketCap.
