The cryptocurrency market is recognized for its volatility, with Bitcoin (BTC) at the center of many of these shifts. BTC recently made a severe reversal from its peak of over $70,000, forcing major cryptocurrencies, like Sui (SUI) and Ripple (XRP), to fall in price.
At this point, SUI looks to be holding stable at its support level, but all eyes are on Bitcoin, which is still under pressure at $67,000. For cryptocurrencies such as SUI to maintain their positions, BTC must remain above $66,000. If BTC recovers to $70,000, cryptocurrencies, including SUI, may experience a price rebound.
Sui reveals a partnership with Google Cloud to improve data access.
Sui, a Layer 1 blockchain platform, has established a strategic partnership with Google Cloud, mediated by ZettaBlock. This collaboration enables developers to access real-time blockchain data using Google Cloud’s Pub/Sub service, opening up new possibilities for innovative applications.
The integration aims to improve security, scalability, and user experience for decentralized apps (dApps), with a particular emphasis on AI and blockchain. Vertex AI has been taught using Move, a programming language created by Mysten Labs for Sui that enables Web3 developers to debug code more rapidly.
This AI-powered technology also helps with code creation, making the development process more efficient. Sui’s inventor, Mysten Labs, has further integrated AI into its ecosystem by producing an AI-powered code audit tool.
This tool, which uses Google Cloud’s AI capabilities, detects security flaws in popular programming languages such as Rust, Move, Typescript, and Solidity. This improves the security of dApps and blockchain-based applications by enabling developers to identify and resolve vulnerabilities rapidly.
The Ripple-SEC case’s last deadline is approaching on October 24.
Ripple has made an important step in its protracted legal dispute with the SEC. As the deadline approaches, one of Ripple’s co-founders, Chris Larsen, has filed a significant document with the court. This submission follows a procedural warning given by the United States Second Circuit Court of Appeals to Ripple.
On October 22, the US Second Circuit Court of Appeals reminded Ripple that it needed to submit Form C as part of its cross-appeal against the SEC. Chris Larsen quickly reacted to the court’s order, filing a “Notice of Appearance.” This step is intended to speed up the process as the October 24 deadline approaches.
By October 24, Ripple has to turn in Form C for its cross-appeal against the SEC. Ripple may forfeit its ability to make an oral defense if the form is not turned in on time.
XRP price analysis
Leading analyst Dark Defender has offered insights on the XRP price trend, pointing out important levels and possible objectives. The data points to a positive future for the digital asset despite previous periods of consolidation.
The XRP price fell 2.24% on Tuesday, October 22, continuing its drop from the previous day. Investor sentiment remained cautious amid the SEC’s appeal. While investors wait for the SEC’s opening brief, the XRP price may remain below the pivotal $0.55 mark.
If the SEC presents strong evidence to reverse the Programmatic Sales judgment, the XRP price may go below $0.50. On the other hand, if the SEC drops its appeal or the appellate court declines to hear testimony due to late filings, the XRP price may reverse the July 2023 rise.
Don’t miss out: DTX coin price set to soar
With less funding and no central authority, DTX Exchange (DTX) has been named by several analysts as one of the best initiatives for 2024. Demand for DTX Exchange has noticeably increased since the staking mechanism was added.
One major player in DeFi is DTX Exchange. Both conventional and cryptocurrency traders can use its tools. It is a combination of a controlled and decentralized exchange, built on the VulcanX blockchain.
In its fourth stage of presale, the hybrid platform has raised more than $5.5 million. The current price of the DTX coin is $0.08. Given that the token is about to soar to $0.10 in the upcoming round, experts are referring to this as a steal.
Learn more:
Buy Presale
Visit the DTX Website
Join the DTX Community
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