XRP Soars 18% as SEC Faces Overhaul and Bitcoin Nears $100K Milestone

XRP Surges Amid SEC Overhaul and Bitcoin's Rise

According to FX Empire, Ripple's XRP has experienced a significant surge of 18% as the U.S. Securities and Exchange Commission (SEC) undergoes an overhaul. The potential withdrawal of Ripple’s appeal against the SEC is stirring market optimism, especially with candidates like Bondi and Atkins possibly halting crypto litigation under consideration for key positions in the regulatory body. Meanwhile, Bitcoin reached $99,319 due to increased ETF inflows and discussions about its status as a strategic reserve asset.

Bitcoin Approaches Historic Milestone

The Economic Times reports that Bitcoin is on the verge of reaching $100,000 amid post-election enthusiasm over Donald Trump's pro-crypto stance. This political shift coincides with anticipated changes in cryptocurrency regulations following Gary Gensler’s resignation from his position at the SEC. Analysts are optimistic about further price increases driven by these developments.

Ethereal Developments: Quantum-Proofing Ethereum

Cointelegraph highlights Dr. XinXin Fan's research advocating hash-based zero-knowledge technology as a method to quantum-proof Ethereum networks against future vulnerabilities posed by quantum computing advancements from tech giants like Google and IBM. This approach aims to ensure security while maintaining user-friendliness during transitions towards post-quantum standards.

Ethereum-to-Bitcoin Ratio Hits Three-Year Low

Sabrina Toppa from TheStreet notes that despite Bitcoin nearing $100k, Ethereum struggles with its ETH/BTC ratio plummeting to levels not seen since March 2021 due to shifting investor preferences favoring Bitcoin amidst rising spot Bitcoin ETFs trading volumes.

A Whale Moves Markets: Massive Ethereum Purchase Sparks Rally Speculation

The Coin Republic reveals that a whale purchased approximately $80 million worth of Ethereum on Binance recently, which could signal bullish trends ahead for ETH prices given this substantial accumulation activity alongside increasing taker buy volume indicating heightened market interest.

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