Crypto News Digest from U.Today

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This past weekend brought significant developments in the cryptocurrency world. Here are the top three stories you should know about.

### CEO Celebrates Historic XRP SEC Ruling One Year On

July 13 marks an important milestone in the history of Ripple and its token, XRP, as it commemorates one year since a court ruling declared that XRP is not a security. Ripple’s CEO, Brad Garlinghouse, reflected on this victory in a post, describing the day as a memorable one for both Ripple and the broader industry. He criticized the SEC for its attempts to undermine the cryptocurrency sector through unsuccessful lawsuits and deceptive tactics, emphasizing that their approach was misguided then and continues to be.

### SHIB to Reveal Rare Pattern for the First Time in 2024

Dogecoin enthusiasts are closely monitoring the trends of SHIB, as it is about to show a significant moving average crossover for the first time in 2024. According to market analysis, the 50-day simple moving average (SMA) is set to converge with the 200-day SMA in the coming days. These indicators are crucial for traders evaluating market shifts. A “golden cross” occurs when the 50-day SMA crosses above the 200-day SMA, signaling a potential upward trend. Conversely, a “death cross” happens when the 50-day SMA falls below the 200-day SMA, suggesting a possible downward trend. The upcoming crossover could indicate which direction SHIB will take.

### Michael Saylor Issues Crucial Warning to German Community

Michael Saylor, co-founder of MicroStrategy and a prominent advocate for Bitcoin, recently delivered an important message to the German government and Bitcoin community. He urged them not to sell their Bitcoin, posting the message in German for clarity. Saylor has previously voiced similar sentiments during significant sell-offs in the Bitcoin market. Reports indicate that the German government has sold off a substantial amount of Bitcoin, totaling 50,179 BTC, valued at around $3.3 billion.

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