PANews reported on January 12 that according to Cointelegraph, Ripple has filed a motion against the SEC requiring it to provide financial statements and other materials. Attorneys representing Ripple Labs have declared null and void the SEC's request to inspect other financial documents. Ripple Labs argues that the deadline has passed and that the material is not relevant to the upcoming April trial date. Meanwhile, Ripple's legal team stressed that courts should not be swayed by U.S. regulators' descriptions of the Blockchain technology company. "Courts should not go down the slippery slope that the SEC is paving," the lawyers said. In addition, Ripple's attorneys argued that the SEC had exhausted all of its interrogatories, which were written lists of questions that the SEC had with Ripple prior to trial. Previously, the United States SEC (SEC) filed a motion asking Ripple to provide its financial statements for 2022 to 2023. In addition, the SEC has asked Ripple to provide a contract for how it will manage its "institutional sale" in the wake of the lawsuit.

#XAUUSD: 4H View Sellers still hold control Dear Traders, Gold bounced back from 2152$ to 1972$ and rocketed towards 2046$ as Fed Interest Decision gave it a boost. Prices retreated to fill the liquidity void and are forecasted to reach 1990$. Look out for sellers at this level. Price either can drop significantly from the current area of price or do some short of retracement as it is shown in the chart and drop from that region so keep that in mind. 20 hours ago Trade active: 80+ pips idea is active. Order cancelled: Trade hit breakeven after dropping 80+ pips! Will be posting an update! （Source from: TV-Setupsfx_）

#XAUUSD: 4H View Sellers still hold control Dear Traders, Gold bounced back from 2152$ to 1972$ and rocketed towards 2046$ as Fed Interest Decision gave it a boost. Prices retreated to fill the liquidity void and are forecasted to reach 1990$. Look out for sellers at this level. Price either can drop significantly from the current area of price or do some short of retracement as it is shown in the chart and drop from that region so keep that in mind. 13 hours ago Trade active: 80+ pips idea is active. Order cancelled: Trade hit breakeven after dropping 80+ pips! Will be posting an update! （Source from: TV-Setupsfx_）

PANews reported on December 1 that according to Bloomberg, citing several people familiar with the matter, OpenAI will give employees an extra month to decide whether to participate in the plan to sell the company's shares. People familiar with the matter revealed in October that OpenAI has been in talks to sell its shares, which would value the company at $86 billion. Earlier this month, following Sam Altman's fire, a number of investors pulled out of the takeover offer. But after Altman's reinstatement, investor demand was enough to fill the void. In light of recent events, OpenAI will give employees an extra month to opt in to the stock sale plan by Jan. 5, people familiar with the matter said. The acquisition was originally scheduled to close in early December.

Rostin Behnam, chairman of the Commodity Futures Trading Commission (CFTC), said on a podcast this week that some steps need to be taken to regulate cryptocurrencies, adding that the "solution" may be to let Congress pass a regulatory bill. “The market seems to need some kind of regulatory framework and if there is a clear regulatory framework, institutional demand could increase,” Behnam said Monday on a podcast hosted by Intercontinental Exchange. He also expressed concerns about fraud and manipulation. U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler previously stated that there is no need for legislation and existing securities laws will regulate cryptocurrencies, while noting that most cryptocurrencies are securities. But Behnam said on Monday that 70 percent of tokens are commodities, and the solution is for Congress to pass legislation to fill the void for commodity tokens. He also emphasized the need for the SEC and CFTC to work together to regulate cryptocurrencies.

Odaily Planet Daily News JPMorgan said that PayPal's stablecoin PYUSD launched this week may increase the TVL of Ethereum, thereby benefiting it. Nikolaos Panigirtzoglou, an analyst at JP Morgan, said: "This may boost the activity of Ethereum and enhance the network utility of Ethereum as a stablecoin/DeFi platform. the Ethereum blockchain (or its L2 platform) for globalization projects.” Ethereum could further benefit from PYUSD, Panigirtzoglou said, as the stablecoin could fill the void left by BUSD’s $20 billion loss. If PYUSD fills the gap, “DeFi TVL will move to the Ethereum blockchain (or its L2 platform),” he added. (The Block) In yesterday's news, PayPal announced the launch of PayPal USD (PYUSD), a US dollar stablecoin for transfer and payment. The stablecoin is issued by Paxos Trust Co. and is backed by U.S. dollars, short-term Treasury bills and cash equivalents.

Jinse Finance reported that a new report from CoinShares showed that Bitcoin investment products attracted $310 million in capital inflows within 14 days due to skepticism over the US Securities and Exchange Commission (SEC) approval of spot BTC ETFs. Bitcoin is in the lead as it recovers from its previous nine-week streak of outflows, the report said. Despite inflows of $123 million this week, short BTC investment products recorded an outflow of $900,000, making it the tenth consecutive week of negative growth. Analysts at brokerage Bernstein said the SEC would rather introduce a regulated bitcoin ETF dominated by more mainstream Wall Street players and overseen by existing regulated exchanges than deal with grayscale off-exchange trading that fills an institutional void product.

According to PANews news on July 3, according to CoinDesk, Wall Street investment bank Bernstein (Bernstein) said in a research report on Monday that the US Securities and Exchange Commission (SEC) has limited interest in spot Bitcoin (BTC) exchange-traded funds (ETFs). The position is difficult to maintain, and the probability of approval is quite high. Bernstein noted that the SEC already allows futures-based bitcoin ETFs, and recently approved leverage-based futures ETFs, provided the futures pricing comes from a regulated exchange such as the CME. “The SEC would rather introduce a regulated Bitcoin ETF dominated by more mainstream Wall Street players and overseen by existing regulated exchanges than deal with a Grayscale OTC product that fills an institutional void,” the report said.

Jinse Finance reported that the International Monetary Fund (IMF) is developing a central bank digital currency platform. IMF Managing Director Kristalina Georgieva said the IMF was developing the platform to facilitate easier transactions between countries. A CBDC should not be a fragmented national proposition, for more efficient and fairer transactions we need to connect systems across countries: we need interoperability. It is for this reason that the IMF is developing a global CBDC platform. Additionally, the IMF expressed hope that central banks will reach a consensus on a unified regulatory framework for digital currencies to achieve global interoperability. Georgieva suggested that the absence of such an agreement could lead to a void that could be filled by cryptocurrencies.

$ADA$ HYSTERIA (PART 3) Adding fuel to the fire, the SEC, in its recent spat with US crypto exchanges, slapped ADA with the 'security' tag. This may well be sparking the uptick in transaction volumes as panic selling sets in. The number of ADA whales has dwindled from 158 to 142, accounting for a 3% drop in the total token supply. Now, retail investors are filling the void left by their departure, indicating a changing of the guard, as the big fish offload their tokens onto the small fry. According to data by Gate.io cryptocurrency exchange, daily active addresses have shot up by 41.5% in the last week, thanks to a flurry of DeFi activity that's pushed the Total Value Locked (TVL) to annual highs. Total ADA addresses are also on the rise, signalling an influx of Cardano virgins alongside those keen on spreading their assets across multiple wallets. Interestingly, Twitter sentiment is resoundingly pro-ADA, with the tweet sphere buzzing with over 12,000 positive tweets versus a paltry 1,500 negative ones.