Shiba Inu (SHIB) is flashing a warning sign after forming a bear flag pattern. Meanwhile, 2 trillion SHIB tokens have flooded exchanges in one month, highlighting growing bearish pressure towards Shiba Inu price. SHIB trades at $0.0000143 at press time with $180M in daily trading volumes and an $8.44 billion market cap. In 24 hours, SHIB has fluctuated between a daily low of $0.0000141 and a daily high of $0.0000146 per data from CoinMarketCap. Shiba Inu Price Flashes Warning Sign as Bear Flag Emerges Shiba Inu price has flashed a warning sign on the weekly chart after a bear flag pattern emerged. A bear flag usually indicates a brief pause in the downtrend before the bearish momentum continues to push SHIB lower. This bear flag will be deemed valid if the price of SHIB falls below the lower support level and extends the downtrend. In this case, this meme coin… Read More at Coingape.com
In a recent public statement, SEC Commissioner Caroline Crenshaw fiercely opposed the Commission’s settlement with Ripple and accused it of doing a “tremendous disservice” to retail investors.
The Ripple case has been a cause célèbre in the crypto community for obvious reasons. It represented the extent of regulatory overreach in the Gensler era, and Ripple’s win was ultimately a positive development for the entire sector.
Crenshaw Rejects SEC’s Ripple Settlement
The Ripple vs SEC case has been a landmark saga in US federal crypto enforcement. After weeks of deliberation, the Commission finalized a settlement with Ripple yesterday, agreeing to return $75 million collected as a previous fee.
However, Commissioner Crenshaw disputed the SEC’s decision with a cutting open letter.
“If Ripple decides tomorrow to sell unregistered XRP tokens to institutional investors—in plain defiance of the court’s order—this Commission will do absolutely nothing about it.” she claimed
Since then, she has carried on the legacy of Gary Gensler, publicly criticizing the Commission’s pro-crypto turn on several recent occasions. Today’s Ripple letter is one of several such statements, and she did not mince words.
The thrust of Crenshaw’s argument was essentially that the SEC hasn’t fully restructured US crypto policy yet. Whether or not the Commission can successfully loosen rules in the future, “that does not somehow alter the rules that were in place at the time that Ripple violated them.”
In other words, she claimed that the Ripple settlement stands on a non-existent framework.
Well, the current SEC commission DIDINT WASTE taxpayers money by reaching this settlement.
It was Gary Gensler, Sen Wizzy Warren, Jamie Dimon and the other banking cabal who wasted millions of taxpayer dollars using Ripple as the scapegoat in their war on crypto, aka Operation…
To be clear, her issue is not necessarily that the SEC mended fences with Ripple. Instead, Crenshaw worries that the SEC had insufficient grounds to void its own prior judgments.
Crenshaw further claimed that this policy is doing more than favoring the crypto industry — it undermines the SEC itself. The Commission’s lawyers are publicly arguing against positions they held less than six months ago, creating chaos and uncertainty.
Ultimately, she thinks this uncertainty will disproportionately harm retail investors. It seems that Crenshaw continues to soldier Gensler’s ethos alone, while both the SEC and crypto industry move on.
“Our agency is, I fear, worried that the appellate court would issue a sound ruling that agreed with the legal arguments already laid out by the Commission. That would undermine the agency’s new apparent mission of dismantling our crypto enforcement program and eroding investor protections. For these reasons, I cannot support our settlement,” Crenshaw added.
Caroline Crenshaw isn’t the only official to question the SEC’s war on crypto enforcement actions. Senator Elizabeth Warren recently voiced concerns about the Commission’s political independence. These concerns are also of vital importance to the crypto industry itself.
During the Gensler era, federal regulators’ reputation in the crypto community suffered massively due to clear examples of gross overreach. Now that the industry has unprecedented political influence, it might overreact in a few ways. Legal clarity and a laissez-faire outlook will help businesses, but they also need credible regulators.
Crypto.com has unlocked a major milestone in Europe, a license that allows it to offer derivatives and securities within the European Economic Area (EEA.) The company shared on Wednesday, May 21, that it has secured a Markets in Financial Instruments Directive (MiFID) license after receiving regulatory go-ahead for its acquisition of Cyprus-based investment firm A.N. Allnew Investments Ltd. This approval came directly from CySEC, Cyprus’ financial watchdog. What does this mean for Crypto.com? The new license means Crypto.com can now offer crypto derivatives, securities, and other investment products to eligible users within the EU. The move opens up the European market for the exchange, allowing it to operate without legal repercussions. The license also reflects Crypto.com’s commitment to improving ties with regulators. Earlier this year, the trading platform received its Market in Crypto Assets (MiCA) license, which allowed it to offer its services to European customers. While MiCA governs crypto… Read More at Coingape.com
Dogecoin price remains much-eyed by crypto traders and investors as whale accumulations for the meme coin spiked recently. A renowned market analyst revealed on Wednesday that DOGE whales accumulated 180 million coins amid the ongoing broader market flux.
As a response, investors now anticipate a highly bullish price outlook amid rising buying pressure. Further, top analysts also conveyed a highly bullish forecast for the token amid strong market technicals, with one even revealing that a 5x rally looms.
Dogecoin Price Bullish? Here’s Why Whale Data Sparks Optimism
According to analyst Ali Martinez’s X post on March 5, DOGE whales purchased a whopping 180 million coins in the last 24 hours. The analyst’s data suggests that the accumulations occurred as the Dogecoin price fluxed near the $0.2 price level intraday.
Source: Ali Charts, X
For context, rising whale accumulations signal heightened market interest, underscoring the asset’s potential for gains. Moreover, it’s also noteworthy that whales reflected a potential ‘buy-the-dip’ sentiment amid broader volatility.
Why The Broader Turbulence?
Notably, weekly and monthly Dogecoin price charts showcase a 6% and 19% dip, respectively. This waning action is attributable to a market bloodbath in February due to macro heat and liquidity hurdles.
Traders and investors panic sold risk assets amid Donald Trump’s new import tariffs on China, Canada & Mexico, which kicked off on March 4. In turn, global markets took heat amid trade war speculations. BTC price slumped from a $99K level high to as low as the $78K mark amid this market pressure. In turn, even altcoins (including meme coins) followed.
Nevertheless, CoinGape reported that the crypto market showed resilience as BTC and altcoins reversed previous losses just a day after Trump’s tariffs kicked off.
DOGE Price Jumps 3%
DOGE price today soared over 3% intraday and exchanged hands at $0.1990. The meme coin bottomed and peaked at $0.1837 and $0.2036 in the past 24 hours. Today’s rising action falls in line with the broader market trend that shows traders and investors are digesting trade war tensions.
Top Analysts Convey Bullish Outlook
Simultaneously, top crypto analysts have taken the stage to inject optimism into the meme coin. Analyst ‘Trader Tardigrade’ recently revealed that Dogecoin price follows ‘Mean Reversion on macro chart.’ This phenomenon suggests that the price is likely to return to its long-term historical average as time longs. The analyst spotlighted this concept via the price chart below, with DOGE exhibiting “Mean Reversion along the yellow dotted line on the chart.”
Source: Trader Tardigrade, X
Also, the analyst revealed that the meme coin’s price daily candle closed with a ‘Dragonfly Doji.’ This pattern suggests that Dogecoin’s price is currently at the bottom of a downtrend, indicating that a reversal, and thus gains loom.
Source: Trader Tardigrade, X
On the other hand, renowned trader ‘Chandler’ revealed on X that DOGE’s MVRV ratio formed a bearish divergence against price in previous cycles. However, this phenomenon has yet to occur in this cycle, paving an optimistic path for price ahead.
Source: Chandler, X
In addition, market expert CryptoELlTES revealed on X that the meme coin’s price is gearing up for 5x gains ahead, solidifying investor optimism amid rising DOGE whale activity and strong pattern formations. It’s noteworthy that with DOGE ETF approval odds gaining substantial weight in recent days, market sentiments over a 5x rally remain uplifted.
