Crypto Live News : Dogecoin Price Dumps Hard , Ripple Vs SEC Lawsuit Pushed to 2026 , Ethereum Shanghai Upgrade Nears

Greetings, Coinpedia community! Get ready to dive into the exciting world of cryptocurrencies as we bring you the latest and most captivating news stories of the day. 


From Twitter's Doge-mania to Crypto Chaos: What a rollercoaster ride! Recently, Elon Musk gave the crypto market a massive boost when he changed Twitter's logo to the Doge meme, sending Dogecoin's price soaring. However, Twitter's sudden reversal and the return of the original blue-bird icon caused DOGE to plummet by over 8% in just 24 hours, reminding us of the volatility that comes with the crypto world. 


Not only did DOGE suffer, but other major cryptocurrencies like Bitcoin, Ethereum, and Ripple also experienced significant losses, painting the market red across the board. The global crypto market cap dropped by 0.62% in just one day, standing at $1.18 trillion. Hold on tight, crypto enthusiasts, the ride is far from over!



Dogecoin Goes Down! Twitter Logo Restored and Whales Sell-Off


  • The price of Dogecoin (DOGE) dropped by over 9% after Twitter restored its original blue bird logo, ending the euphoria that had been created by Elon Musk's change to a Shiba Inu "meme" logo earlier in the week.

  • Musk's move had pushed DOGE's price up to 10 cents, but on-chain data shows that Dogecoin whales close to Musk cashed out on the price pump, with top players getting out of the asset while taking heavy profits.

  • The dogecoin community had hoped that Musk would make DOGE the currency of Twitter in the future, but it remains unclear how he would achieve this without attracting regulatory scrutiny.

  • Crypto analyst Ali Martinez had already warned of a possible retracement, and Santiment's report indicates that a local top was forming during the surge, making profit-taking a wise decision.


Investors Brace for Ethereum Price Dip as Shanghai Upgrade Looms


  • Ethereum is preparing for its highly anticipated Shanghai upgrade, which has many investors excited and buying ETH in the hope of cashing in on a potential price increase.

  • However, some experts warn that the market may be overvaluing Ethereum ahead of the upgrade and that a “sell the news” event may be in the cards.

  • On-chain data from Santiment suggests that while exchange addresses are seeing a decrease in Ethereum balances, non-exchange addresses are continuing to climb, indicating a potentially bullish trend but also a risk of a pump-and-dump game.

  • Ethereum's price has surged past resistance zones, but it may face strong resistance above $1,900, and a bearish reversal is possible in the next few days, with a potential rebound to $2K ahead of the upgrade.


North Korean Hackers Use DeFi Market for Money Laundering, Claims US Treasury


  • DeFi markets are being used for money laundering operations by North Korean hackers, according to the US Treasury Department's recent report.

  • The report highlights that inadequate anti-money laundering and counter-terrorism financing measures in DeFi services facilitate the misappropriation of funds.

  • The lack of AML/CFT controls in decentralized exchanges allows instant and pseudonymous layering of proceeds using long strings of alphanumeric characters.

  • The US Treasury Department suggests enhancing regulatory oversight of AML/CFT for DeFi platforms, offering guidance to DeFi platforms concerning AML/CFT, and addressing any existing regulatory deficiencies.


Altcoin Alert: LINK, AVAX, LRC Ready to Take Off in Q2 2023


  • Altcoins are gaining traction and may experience a significant upswing, regardless of Bitcoin's price volatility.

  • Chainlink (LINK) is consolidating within a narrow range and may see a breakout soon, with a notable upswing expected that may trigger a rally beyond $8.20.

  • Avalanche (AVAX) has breached a horizontal blockade but is currently trading along interim resistance levels, and if bulls maintain their strength, the price may breach the ascending triangle setup to hit $20.

  • Loopring (LRC) has been forming equal highs and lows and may be advancing towards a decisive close, with a close beyond $0.37 confirming a breakout but a low below $0.34 potentially leading to a significant shift in favor of the bears.


XRP Lawsuit's Never-Ending Story: SEC vs Ripple Battle Could Stretch to 2026


  • Judge Analisa Torres could deliver a summary judgment in the ongoing Ripple-SEC case anytime soon as all motions have been submitted and hearings have taken place.

  • Pro-XRP attorney Jeremy Hogan predicts that the lawsuit may continue past 2026, with both sides having the option to appeal the judge's ruling.

  • Ripple General Counsel Stuart Alderoty has stated that Ripple would appeal to higher courts if the SEC won the summary decision.

  • Despite the mounting suspense, the CEO and President of Ripple remain positive about a favorable outcome and believe this case may put an end to the SEC's baseless crypto cases.



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