• Bitcoin (BTC) price is consolidating heavily along $23,000, enabling the bulls to accumulate more gains and possibly pull a massive leg up beyond $24,000 soon.
• Ethereum (ETH) price recently slipped below $1600, which could indicate the revival of the bearish trend.
• XRP price is displaying immense strength as it sticks to the crucial levels at $0.41 for more than a week.

The crypto market is buzzing with a lot of activity, with Bitcoin (BTC) consolidating heavily along the $23,000 mark for an extended period. The prolonged phase of consolidation has enabled the bulls to accumulate more gains, and soon it will be possible for them to pull a massive leg up beyond the $24,000 level. On the other hand, Ethereum (ETH) has recently slipped below the $1600 mark, which could indicate the revival of the bearish trend in the market. However, this may be just a stretched consolidation phase, and it remains to be seen whether the bears would be able to push the price down further.

Meanwhile, Ripple (XRP) is displaying immense strength, as the price has been sticking to the crucial levels at $0.41 for more than a week. The RSI and MACD indicators are indicating a slight bearish divergence, but the XRP price has been able to hold its ground. This could be a sign of a potential trend reversal, and it will be interesting to see how the market responds in the coming days.

Overall, the crypto market continues to remain volatile, with a lot of uncertainty surrounding the future price of Bitcoin, Ethereum, and Ripple. The upcoming weekend could be a deciding factor for the month of February, and it will be interesting to see which direction the market takes. For now, it is important to stay alert and watch out for any changes in the market in order to make the most out of any potential opportunities.

• The Ripple-SEC case has been thoroughly briefed and a judge’s judgment is expected soon.
• Applications to seal documents related to the summary judgment motions have been filed by both parties.
• Ripple’s CEO Brad Garlinghouse is optimistic that the case will be resolved this year and a decision is expected to be made in the following single-digit months.

The ongoing case between Ripple and the Securities and Exchange Commission (SEC) is coming to a head, with the two sides submitting their final round of briefs in December requesting the court to grant them summary judgment. This would bring an end to the long-standing conflict over whether the digital asset XRP should be classified as a security or not.

The two parties have also filed Omnibus applications to seal documents related to the summary judgment motions, which have now both been completely briefed. Ripple’s CEO, Brad Garlinghouse, expressed his optimism at Davos that the legal dispute with the SEC will be resolved this year – possibly as early as the first half. He added that he expects a decision to be made “sometime in the following single-digit months”, perhaps as early as June.

The SEC’s decision will have a considerable impact for Ripple and the cryptocurrency industry as a whole. If XRP is declared a security, Ripple could be in violation of several federal securities laws, with potential consequences including hefty fines and even a ban on trading the asset. On the other hand, if XRP is not declared a security, it could open the door to further institutional adoption and a surge in the asset’s price.

The Ripple-SEC case has been in the courts for several months now, and the two sides have presented their respective arguments. Ripple has sought to prove that XRP is not a security, while the SEC has argued that the asset should be classified as such. The SEC has also sought to prove that Ripple has violated a number of federal securities laws, including the registration and disclosure requirements under the Securities Act of 1933.

The decision in the case will likely have far-reaching consequences, both for Ripple and the broader crypto industry. It is therefore unsurprising that the crypto industry has been following the case’s developments with bated breath. Whatever the outcome, it is certain that it will have a significant impact on the future of Ripple, XRP and the wider cryptocurrency segment.

• BudBlockz’s private presale allowed the company to generate up to $1 million in profits.
• Dash offers blockchain users the capability to make their transactions ever more affordable and anonymous.
• Compound is a decentralized finance protocol that enables users to lend and borrow various cryptocurrencies.

Cryptocurrencies have become a powerful investment vehicle, and many people are now diversifying their crypto portfolios to make substantial returns on investment. At the same time, it is true that people entering the world of crypto trading and investing will always need help identifying the best cryptos. This is all the more reason that experts recommend beginners to consider investing in a company’s presale stage. This is one of the reasons why BudBlockz was able to gain such massive popularity. The company generated up to $1 million in profits by selling a significant amount of its native crypto (BLUNT) in a private presale.

Given the success of BudBlockz, crypto traders and investors have the chance to diversify and expand their crypto portfolio with BudBlockz, along with considering other popular altcoins such as Dash and Compound. Dash is a popular cryptocurrency that offers blockchain users the capability to make their transactions ever more affordable and anonymous. The total speed it takes for a Dash transaction to complete is just one second. Furthermore, Dash also offers users the option to make private payments and get access to decentralized financial services.

Compound is another popular cryptocurrency protocol that allows users to lend and borrow various cryptocurrencies. It is a decentralized finance protocol that enables users to borrow and lend assets such as ETH, DAI, USDC, and others. Compound is a great way to increase the value of your crypto portfolio, as users can earn interest on their deposited tokens. The Compound protocol also has a native token (COMP) that users can earn by providing liquidity to the system.

Overall, keeping your crypto portfolio balanced is important in order to maximize returns on investment. BudBlockz is a great way to diversify and expand your portfolio, and Dash and Compound are great options for those looking for quick and secure transactions. All three of these cryptos can be a great way to increase the value of your portfolio.

• The US government is planning to launch a website for FTX U.S victims to notify them regarding their court proceedings and federal rights.
• Federal prosecutors have 7 charges against Sam Bankman-Fried (SBF), including wire fraud, conspiracy to commit wire fraud, conspiracy to commit commodities fraud, conspiracy to commit securities fraud, conspiracy to commit money laundering, and conspiracy to defraud the United States and violate campaign finance laws.
• Victims of the FTX collapse can send emails to Victim/ Witness Coordinator – Wendy Olsen Clancy on the email USANYS-FTXVictims@usdoj.gov regarding the loses and claims for justice.

The US government is planning to launch a website for FTX U.S victims to notify them regarding their court proceedings and federal rights. Lewis A Kaplan has been appointed as the District Judge for this case, although no direct comment has been made on the launch of the website. Federal prosecutors have 7 charges against Sam Bankman-Fried (SBF) that include wire fraud, conspiracy to commit wire fraud, conspiracy to commit commodities fraud, conspiracy to commit securities fraud, conspiracy to commit money laundering, and conspiracy to defraud the United States and violate campaign finance laws. SBF has pleaded not guilty to these charges, even though he admitted to mismanagement of the funds of his company.

More than one million FTX users have been affected by the collapse of the company. These users can be broken down into three categories – customers of FTX.com, investors of FTX.com, and lenders of Alameda Research. The US prosecutors notified the District Judge that it is impractical to contact one million users by email or phone, and thus requested the Judge to launch a website for court proceeding notifications and further announcements related to the case. In the meantime, victims can send emails to Victim/ Witness Coordinator – Wendy Olsen Clancy on the email USANYS-FTXVictims@usdoj.gov regarding the loses and claims for justice. These emails will be monitored individually and replied to if the coordinator finds that he/she is a genuine victim. The verification of 1 million emails is a difficult and time consuming task, and the website would be a great help in this regard.

The website would provide timely updates to the victims regarding their court proceedings and federal rights. It will also provide information on how to file a claim for compensation, and what documents are required for filing such claims. Furthermore, victims can also access the documents related to the case on the website. The website would also help to keep the victims informed about their rights and obligations, the criminal proceedings and any other developments related to the case.

The launch of the website is a great step towards providing justice to the victims of the FTX collapse. It will help them to know their rights and stay up to date with the court proceedings and any other developments related to the case. It will also ensure that the victims get their claims for compensation and justice in a timely manner.

Bullet Points:
• The January 2023 CPI report is scheduled to be released on Thursday, January 12, 2023, at 8:30 am ET.
• Bitcoin soared but was unable to surpass the $17,000 mark; as a result, it is currently trading in a constrained range between $16,900 and $17,000.
• Analysts expressed their excitement on Twitter when Bitcoin temporarily surpassed the $17k milestone and are looking ahead to the release of the Consumer Price Index (CPI) report.

The world of cryptocurrency is stirring up with excitement as the Consumer Price Index (CPI) report is scheduled to be released this Thursday, January 12, 2023, at 8:30 am ET. This report is crucial as it will give us a comprehensive understanding of the state of the economy and how it is progressing.

In the cryptocurrency market, the total market capitalization of all coins had been „bouncing quite much in different directions.“ On Sunday, Bitcoin soared but was unable to surpass the $17,000 mark; as a result, it is currently trading in a constrained range between $16,900 and $17,000. Nevertheless, the small uptick resulted in Bitcoin reaching its highest price since December 20, 2022.

Analysts expressed their excitement on Twitter when Bitcoin temporarily surpassed the $17k milestone. Crypto Kaleo tweeted, „Finally looks like BTC is ready to break out of the $16K – $17K base range it’s been stuck in the past several weeks.“ Rekt Capital also shared their opinion on the matter, writing, „The current #BTC price action will likely figure as an important cluster in the formation of the Bear Market bottom Accumulation Range.“

Analysts are now looking ahead to the release of the Consumer Price Index (CPI) report. Michael Van De Poppe, an analyst, highlighted the importance of this report, saying, „The unemployment showed a positive number today, as it came out lower than expected. however, went sub 50 for the first time since 2008 & COVID-19 continues to have effects on the US economy. Thus, the CPI report on Thursday is a key factor to look at.”

This report will be closely watched by traders, investors, and analysts alike, as it will provide a good indication of the direction in which the cryptocurrency market will be heading next. Already, the anticipation of the CPI report has caused the market’s attention to shift away from Bitcoin and other major altcoins, and towards the US Dollar.

The next few days are bound to be incredibly exciting in the cryptocurrency market. With the release of the CPI report on Thursday, investors will be paying close attention to the trends in the market and how they will respond to the report. Analysts are expecting to see some volatility in the market, and the direction of the market could be greatly impacted by the news.