Crypto News Digest by U.Today

Here are the top four news stories of the last day presented to you by U.Today.

Shiba Inu (SHIB) shows unprecedented price performance

The Shiba Inu the community has been quite surprised by SHIB’s price performance over the past seven days. During the mentioned period, the token has moved in one straight line on the daily chart, not changing by even 1%. The asset demonstrated the lowest level of average daily volatility in its entire trading history, which is an unprecedented price performance for such a historically volatile asset as the Shiba Inu. Such changes in SHIB’s behavior may be related to the relatively low volume of the token burnsbut the exact reason behind the anemic price movement remains unclear.

However, things have changed today: as reported by U.Today, the token successfully broke the dead stop we saw earlier and is now moving to the upper limit of the range formed back in July.

Legendary investor Jim Rogers on crypto: “It’s going to be government money”

Despite the increased level of adoption among private investors, Bloomberg’s Senior Asia Economy Reporter Jim Rogers don’t rush to invest in cryptocurrency and digital assets. As he explained in his recent interview with Michelle Jamrisko, with the higher level of adoption, centralized government institutions will go after people’s funds and try to control them in some way. This, Rogers believes, will make cryptocurrencies “government money” at some point. As an example, the investor used CBDCs, which are digital assets, but not necessarily cryptocurrencies, issued by central banks and backed by the government’s official currency.

XRP is on the verge of potential breakout, top trader says

According to prominent cryptocurrency trader and analyst Crypto Rand, Ripple-associated token XRP could be heading for another rally. The analyst posted a chart showing his followers that the seventh largest crypto continues to consolidate and load a potential breakout at the $0.40 level. At the time of publication, XRP is trading at $0.372, according to CoinMarketCap, up 1.06% in the last 24 hours. The cryptocurrency is still down almost 90% from the all-time high reached back in January 2018, with the legal uncertainty remaining the headwind for the token’s price action.

Ripple v. SEC: Attorney Jeremy Hogan accuses the SEC of failing to authenticate its own employees’ speeches

Like the legal battle between SEC and Ripple continues, both sides are actively fighting for the truth. The latest example of this was pro-Ripple lawyer Jeremy Hogan’s tweets accusing the regulator of obstructing the lawsuit. Ripple filed a request to authenticate the voice recordings of SEC employees, including former commissioner Robert Jackson. The commission neither acknowledged nor denied the authenticity of the submitted videos. The lawyer claims that the SEC is “messing up AGAIN” and that authentication is standard procedure and shouldn’t be that difficult. Hogan also urged Judge Torres to pay attention to these videos, especially those with Robert Jackson.