Top Lawyer Estimates Odds of SEC's Victory, SHIB Army Receives Critical Warning, Michael Saylor Shared Evidence His BTC Strategy Is Good Play: Crypto News Digest by U.Today

Check out the top three news stories from the past weekend presented to you by U.Today.

Can Ripple still lose? Top lawyer estimates odds of SEC's victory

Jeremy Hogan, prominent legal expert, has recently taken to social media to share his view on what the SEC's chances are for a final win in its dispute with Ripple. According to Hogan's analysis, the regulator's odds of winning are as small as 2.367%. "Same odds as the Jets winning the Super Bowl!" joked the attorney. Hogan explained the reason for being so confident in his conclusion. First, even if the SEC opts for an appeal next year and the appellate court sides with it in 2025, it does not mean the end of the case, as the appellate court would need to send the case back to the trial judge for more detailed judicial evaluations. Hogan adds that after the trial court renews these determinations, an ensuing appeal would be necessary, and only after that, the SEC could win. However, even in this case, Ripple would still be able to appeal to the Supreme Court.

Shiba Inu (SHIB) community receives critical warning, what it pertains to

On Friday, Oct. 21, ShibArmy Scam Alerts X account issued a warning for all SHIB enthusiasts in an attempt to protect them from malefactors wanting to illegally seize their tokens. The account's X post reminded the SHIB community that the number of fake websites, NFT airdrops and fake Telegram groups spreading misinformation increases day by day. In order to save their SHIB, BONE and LEASH tokens, crypto owners were advised not to connect their wallets to unknown sites unless they have completed their due diligence. ShibArmy Scam Alerts also urged everyone to report any websites that look suspicious; for example, if a website has a misspelled name with a letter or two removed or switched, this could be a good reason for becoming alarmed and double checking its legitimacy.

Related

Fri, 10/20/2023 - 10:00

Binance Delists SHIB, ADA and LINK Liquidity Pools

Godfrey Benjamin

Michael Saylor shares evidence his Bitcoin (BTC) strategy is good play

In a recent X post, MicroStrategy founder Michael Saylor shared a chart showing Bitcoin's performance since August 2020 - when the company adopted the asset as its treasury reserve asset (TRA) compared to the performances of the S&P 500, Nasdaq, gold, silver and bonds. Out of all the options, it is Bitcoin that managed to demonstrate the most impressive result, with its growth skyrocketing by 147%. Second place in terms of performance belongs to the S&P 500, which shows 26% growth. Nasdaq comes next in line, boasting 18% growth since August 2020. As for gold, silver and bonds, they all nosedived compared to Bitcoin, demonstrating decreases by 3%, 19% and 24%, respectively. "Bitcoin is stronger," reads Saylor's comment on the chart, implying his satisfaction with his company's decision to bet on the flagship crypto.