Crypto News Digest by U.Today

U.Today presents the four best news stories of the last day. Take a closer look at the crypto world!

Ripple lawsuit: big ‘reveal’ looms as John Deaton shares when exhibits to go public

As reported by UI day, Ripple and individual defendants have filed a memorandum of law in response to the SEC’s motion for summary judgment. The official Twitter account of John E. Deaton’s Crypto law tweeted that once both parties’ responses are unsealed, they will work to upload everything to the document library as quickly as they can, including 440 exhibits filed alongside the responses. Thanking his team, Deaton added that some of the exhibits are hundreds of pages long and much will be made public by Monday, October 24. He further shared that on that day the public will get to read limited redacted versions of the oppositions only and that 56.1 statements, rebuttals, exhibits, testimony, etc., will not be available to the public until late December or January.

DOGE and SHIB will go parabola in the next bull run, David Gokhshtein believes

David Gokhstein, former US congressional candidate and founder of Gokhshtein Media, has again endorsed Dogecoin and Shiba Inu in his latest post on Twitter. He believes that these meme coins will likely go parabolic when the next bull run begins in the crypto market. However, in his earlier tweets, Gokhshtein also stated that he is long on Bitcoin, Ethereum, and that “XRP is coming whether you like it or not.” Previously, the Gokhshtein Media founder shared that he regretted not getting into SHIB in a big way, adding that the “Dogecoin killer” narrative had prevented him from doing so.

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BabyDoge community responds to Elon Musk’s tweet, price jumps

In a recent tweet, Tesla’s CEO said Elon Musk shared an encouraging message with his followers, saying he will never let them down, “no matter what it takes.” The BabyDogeCoin Twitter handle responded to Musk’s post, expressing gratitude for people like him “for leading innovation while not being worried about speaking out.” Shortly after this exchange of tweets, the price of BabyDoge increased and saw a sharp decline from Wednesday, October 19th, lows of $0.00000000113 to highs of $0.000000000124 within hours. At the time of writing, Baby Doge Coin is trading at $0.00000000117, down 1.04% in the last 24 hours.

XRP and Cardano (ADA) are slowly turning bullish, the indicator shows

According to social metrics developed by Santiment, the surrounding communities XRP and ADA is bullish despite the reversal of the former and poor market performance of the latter. Cardano recently lost the strong support level it had used as a bounce foundation for the past few months. XRP, in turn, has lost what it has gained on Ripple’s success in court over the past two weeks. The key driver behind the sudden spike in positivity is market expectations: the majority of traders and investors expect a recovery in the 4th quarter of 2022. In the event of a successful recovery, Bitcoin should pull other assets with it, pushing cryptocurrencies such as XRP and Cardano to the uptrend.