Elon Musks X could face $200M EU fines over alleged DSA violations: Law Decoded
Elon Musks social media platform, X, is under scrutiny for alleged DSA violations, with potential fines reaching $200 million.
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Elon Musks social media platform, X, is under scrutiny for alleged DSA violations, with potential fines reaching $200 million.
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Shiba Inu has joined the Content Delivery and Security Association [CDSA] to enhance its reach and explore opportunities for blockchain-enabled content distribution and business capabilities. CDSA’s notable members include major tech and entertainment players such as Apple and Netflix. Being a legacy nonprofit organization, CDSA has been renowned for its best practices in the delivery […]
XRP has staged an impressive recovery to reclaim the $2 price level after plunging to a weekly low of $1.657 in a steep midweek correction. The rebound comes at a crucial time for the cryptocurrency, with analysts paying closer attention to historical price behaviors and bullish technical patterns. Among them is EGRAG CRYPTO, a popular XRP analyst on X, who believes that the cryptocurrency could be on the cusp of a monumental surge reminiscent of its previous bull cycles in 2017 and 2021. The Power Of Time Cycles And Exponential Moving Averages EGRAGs technical analysis focuses on a recurring structure seen in XRPs past cycles, using the 21-period Exponential Moving Average (EMA) and 33-period Moving Average (MA) on the biweekly timeframe. According to his analysis, which was revealed on social media platform X, both the 2017 and 2021 rallies were preceded by similar technical setups: a sustained bottoming process lasting around 770 days followed by a bullish reversal. Related Reading: This Analyst Correctly Called The XRP Price Crash, Here Are The Next Targets These phases were marked by what he described as blow-off tops, where XRP posted parabolic gains after bouncing off the 21 and 33 exponential moving averages. The current market structure, EGRAG noted, aligns closely with those previous cycles. After a prolonged bearish trend and a second recorded bearish cross in 2022, XRP has once again moved above both the 21 EMA and 33 MA. In his view, this sets the stage for a similar breakout scenario, one that could play out before the end of 2025. EGRAG uses this pattern to suggest a timeline of roughly 770 days from the last major crossover in early 2022, placing the projected breakout target around September 29, 2025. XRP Can Surge To $45 Interestingly, EGRAG’s price prediction based on the premise of how a similar 2017 or 2021 movement can play out for XRP. In 2017, XRP posted a rally of approximately 2,700%, and in 2021, a slightly lower surge of about 1,050%. By mapping those gains onto the current price structure, EGRAG predicted two potential targets: a more conservative $19 level and a bold $45 level. Between these two targets is a mid-range target of $27 which he has previously favored. Related Reading: XRP Price Nears ABC Correction With Clear Targets For Buying However, the analyst warned that while chart patterns offer insight, they are not perfect predictors. In his own words, Will it rhyme exactly? No, because if it were that easy, everyone would be a multimillionaire. Still, the emotional patterns of market participants, human reactions and behaviors, tend to repeat to create opportunities where a previous price action might play out again, even if not 100%. The analyst ended his analysis with a strategic note to long-term holders and short-term traders alike, consider a Dollar-Sell-Average (DSA) approach when the XRP price starts to climb. At the time of writing, XRP is trading at $2.04, up by 2.6% in the past 24 hours. Featured image from Adobe Stock, chart from Tradingview.com
The European Union scrutinizes AliExpress and LinkedIn for Digital Services Act adherence, concurrently with the parliamentary approval of the Artificial Intelligence Act. (Read More)
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Court documents reveal that Justin Sun, Tron’s founder, has been sent a summons from the U.S. Securities and Exchange Commission (SEC) regarding the civil complaint filed against him last month. Youtuber Austin Mahone and rapper Soulja Boy, whose real name is DeAndre Cortez Way, have also been summoned. The SEC accuses Sun of orchestrating an [...]
The post Tron Founder Justin Sun, Soulja Boy, and Austin Mahone Summoned by SEC in Crypto Asset Case appeared first on Crypto Breaking News.
While disinformation is an ongoing issue that social media has only contributed to, AI could make it much easier for bad actors to spread disinformation.
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