Ripple-SEC Lawsuit Drags On, Crypto Daily TV 30/08/2022

In Todays Headline TV CryptoDaily News:

https://www.youtube.com/watch?v=r1aqV_5bXG0

SEC files no objection to Ripple request to seal non-party identities in XRP lawsuit.

The U.S. Securities and Exchange Commission has decided not to object to Ripple Lab’s request to seal identities of certain non-parties and Ripple employees in the Daubert motions, as its lawsuit against Ripple drags on.

Ethereum scaling network Arbitrum set for major upgrade.

Ethereum layer-2 scaling solution Arbitrum is set to undergo one of its most significant upgrades, set to increase transaction throughput, slash transaction fees and simplify cross-chain communication between Arbitrum and Ethereum.

75% of people are investing in crypto because of GameFi.

The State of GameFi 2022 survey, published last week, showed that over 75% of participants invested in crypto because of GameFi. It also claimed 68% of GameFi investors who responded to Chainplay joined the market less than a year ago, a period that mark the onset of a significant decline in the price of Bitcoin and altcoins.

BTC/USD skyrocketed 3.1% in the last session.

The Bitcoin-Dollar pair exploded 3.1% in the last session. The Stochastic indicator is giving a positive signal, going against our overall technical analysis. Support is at 19130.5881 and resistance at 20376.5881.

The Stochastic indicator is currently in positive territory.

ETH/USD skyrocketed 7.9% in the last session.

The Ethereum-Dollar pair exploded 7.9% in the last session. The MACD is giving a negative signal. Support is at 1369.6067 and resistance at 1536.2467.

The MACD is currently in negative territory.

XRP/USD exploded 3.1% in the last session.

The Ripple-Dollar pair exploded 3.1% in the last session. The Stochastic indicator’s positive signal contradicts our overall technical analysis. Support is at 0.3112 and resistance at 0.3428.

The Stochastic indicator is currently in positive territory.

LTC/USD skyrocketed 3.6% in the last session.

The Litecoin-Dollar pair skyrocketed 3.6% in the last session. The ROC is giving a positive signal. Support is at 50.581 and resistance at 57.181.

The ROC is currently in the positive zone.

Daily Economic Calendar:

US Consumer Confidence

The Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity. The US Consumer Confidence will be released at 14:00 GMT, the US S&P/Case-Shiller Home Price Indices at 13:00 GMT, the Eurozone’s Business Climate at 09:00 GMT.

US S&P/Case-Shiller Home Price Indices

The S&P/Case-Shiller Home Price Indices examines changes in the value of the residential real estate market in 20 regions across the US.

EMU Business Climate

The Business Climate indicator is based on monthly surveys and is designed to deliver a clear and timely assessment of the cyclical situation within the local economy.

DE Import Price Index

The Import Price Index measures changes in the prices of imported products. High prices for imports carry inflationary pressure. Germany’s Import Price Index will be released at 06:00 GMT, Japan’s Industrial Production at 23:50 GMT, Japan’s Large Retailer Sales at 23:50 GMT.

JP Industrial Production

Industry is a basic category of business activity. Changes in the volume of the physical output of the nation’s factories, mines and utilities are measured by the index of the industrial production.

JP Large Retailer Sales

The Large Retailer Sales captures the total value of goods sold in large stores, chain convenience stores, and supermarkets. It indicates the level of consumption and consumer confidence.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.