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Rebel Satoshi ($RBLZ) Continues to Fly High as Market Whirlwind Hits Ethereum and ORDI

TLDR Some analysts predict the Rebel Satoshi ($RBLZ) token could be primed for massive gains after 150% returns during the presale. The Ethereum (ETH) token is predicted to drop below $3,500 amid the market correction. Experts predict that the ORDI token will drop below $63 in the coming months. The best altcoins, like Ethereum (ETH)…


TLDR

  • Some analysts predict the Rebel Satoshi ($RBLZ) token could be primed for massive gains after 150% returns during the presale.
  • The Ethereum (ETH) token is predicted to drop below $3,500 amid the market correction.
  • Experts predict that the ORDI token will drop below $63 in the coming months.

The best altcoins, like Ethereum (ETH) and ORDI, have been caught up in the market whirlwind. Meanwhile, Rebel Satoshi ($RBLZ) has found firmer footing, with some analysts predicting it could be the best crypto to buy at the moment after its successful launch on Uniswap and Coinstore.

Let’s understand what makes $RBLZ the investor’s favorite ahead of the top altcoins like Ethereum (ETH) and ORDI.

Rebel Satoshi investors primed amid volatile market

The Rebel Satoshi meme coin project is inspired by the ideals of stalwarts such as Guy Fawkes and Satoshi Nakamoto. Rebel Satoshi is designed to challenge centralized institutions and disrupt the status quo. The Rebel Satoshi movement is led by its Recusant community members, who are taking back control from the elites.

Rebel Satoshi is built around the dual-token ecosystem of $RBLZ and $RECQ tokens. The $RBLZ and $RECQ tokens are built on the Ethereum network. The total supply of $RBLZ is 250 million, and Rebel Satoshi fixed the $RECQ token at 3 billion. Rebel Satoshi’s audacious aim is to take the $RBLZ token to a $100 million market cap.

The presale of the $RBLZ token concluded on February 29, with Rebel Satoshi raising over $2.5 million. The $RBLZ token rallied by 150% to $0.025 per token during the presale. Rebel Satoshi launched the $RBLZ token on Uniswap and Coinstore on March 5.

The $RBLZ token rose by 150% to $0.04 on March 6 before correcting. In addition, the $RECQ presale is currently underway, with some analysts calculating that early investors could realize 525% returns by the end of its 10-stage presale.

Ethereum drops below $3,700 as the market enters correction

With the market rallying after Bitcoin (BTC) rose to a new all-time high, Ethereum also followed suit. The Ethereum (ETH) price rose to $4,090 as a result. However, this rally has now been corrected as the market has been stuck by volatility. Hence, the Ethereum (ETH) price has dropped below $3,700.

As a consequence, the Ethereum (ETH) token dropped further, dropping by 11.4%. Amid the drop in ETH price, the Ethereum Foundation deployed the Dencun Upgrade on March 13. Moreover, the deadline for the approval of the Ethereum (ETH) Spot ETF is only two months away.

Hence, the experts have a bearish outlook for the price of Ethereum (ETH). They predict that the Ethereum (ETH) token will drop below $3,500 in the coming months.

ORDI dips from all-time high amid turbulent market

After the approval of the BTC Spot ETF, the market went into a downtrend. As a result, ORDI dropped to a low of $50.23. Since then, the ORDI token has managed to reverse its downtrend as the market began to rally.

ORDI has been one of the top gainers in the current market rally. As a result, the ORDI token rose to an all-time high of $95.28. However, since then, as the market has entered turbulent territories, the ORDI price has also dropped. Namely, the ORDI token was down 27.4% to $69.13.

With Bitcoin (BTC) price also dropping after rallying to a new all-time high, the prospects for ORDI are not positive. Experts predict the ORDI token will drop below $63 in the coming months.

For the latest updates and more information, be sure to visit the official Rebel Satoshi Website or contact Rebel Red via Telegram


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Vote postponed to renominate SEC commissioner Caroline Crenshaw

Senate Banking Committee chair Sherrod Brown called it a “disgusting smear campaign against Caroline Crenshaw” The vote was postponed minutes before it was due to begin by Brown No date has been set for Crenshaw’s renomination A US Senate vote to renominate Democrat Commissioner Caroline Crenshaw to the Securities and Exchange Commission (SEC) has been…


US SEC Commissioner Jaime Lizárraga to resign in January

  • Senate Banking Committee chair Sherrod Brown called it a “disgusting smear campaign against Caroline Crenshaw”
  • The vote was postponed minutes before it was due to begin by Brown
  • No date has been set for Crenshaw’s renomination

A US Senate vote to renominate Democrat Commissioner Caroline Crenshaw to the Securities and Exchange Commission (SEC) has been postponed.

The vote was originally scheduled on December 11; however, it was postponed minutes before it was due to begin, reports Bloomberg. Sherrod Brown, the Senate Banking Committee chair, delayed the vote. When Brown requested the vote occur later that day, Republican senators blocked his request.

Brown later released a statement saying that corporate special interests are running a “disgusting smear campaign against Caroline Crenshaw.”

No date has been set for her renomination.

Earlier this week, crypto and blockchain advocacy groups voiced their opposition to Crenshaw’s renomination.

In a letter to Brown and Senate Banking Committee Ranking Member Tim Scott, the Blockchain Association and the DeFi Education Fund argued that Crenshaw’s actions have undermined Congress’s mandate to establish clear regulatory policies for the crypto industry.

In their letter, they mention Crenshaw’s “continued opposition to the approval of a spot Bitcoin ETP.”

Following the news of Crenshaw’s reappointment, Brian Armstrong, CEO of Coinbase, took to X to say: “She tried to block the Bitcoin ETFs, and was worse than Gensler on some issues (which I didn’t think was possible).”

A Republican-majority SEC?

The delay to Crenshaw’s renomination opens up the possibility of a three-person Republican SEC once Donald Trump enters the White House in January. Crenshaw’s term at the SEC officially ended in June; however, if she’s renominated she would be the only Democratic SEC commissioner.

The SEC can make up to five commissioners, but no more than three can form the same political party. Current SEC chair Gary Gensler, a Democrat, is stepping down on January 20, and SEC Commissioner Jaime Lizárraga, also a Democrat, will step down on January 17.

Last week, Trump nominated pro-crypto Paul Atkins, a Republican, as chair of the SEC.

Including Gensler and Lizárraga, the three remaining SEC commissioners include Republicans Hester Peirce and Mark Uyeda.


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Australia fines Kraken operator $5 million for non-compliance

Kraken operator in Australia Bit Trade will pay a $5.1 million fine for non-compliance with regulatory requirements. The Australian Securities and Investment Commission accused the crypto platform of offering a credit facilty that did not comply with regulations. Kraken crypto exchange’s Australian operator firm has been slapped with a AU$8 million ($5.1 million) fine for…


Kraken shutting down its NFT marketplace just a year after its launch

  • Kraken operator in Australia Bit Trade will pay a $5.1 million fine for non-compliance with regulatory requirements.
  • The Australian Securities and Investment Commission accused the crypto platform of offering a credit facilty that did not comply with regulations.

Kraken crypto exchange’s Australian operator firm has been slapped with a AU$8 million ($5.1 million) fine for non-compliance with Australian regulations.

The Australian federal court fined Bit Trade following a lawsuit by the Australian Securities and Investment Commission. In its order, the court said that the Kraken crypto exchange operator must comply with the country’s crypto regulations.

The court ordered that the exchange ought to pay 8 million Australian dollars as a penalty for non-compliance with the local regulations. Notably, Kraken recently announced a licensed broker offering for clients in Australia.

Bit Trade failed to comply with regulations

In August this year, the court ruled in favour of the Australian Securities and Investment Commission. The regulator had filed a case accusing Bit Trade of issuing a credit facility without following the legal proceedings.

ASIC argued that Bit Trade did not make the target market determination, a requirement to protect investors. Between October 2021 and August 2023, ASIC stated that the firm offered a margin extension to 1,100 users which cost them a loss of over $5.2 million without following the legal requirements.

The market regulator’s demand was Bit Trade to pay a fine worth 20 million Australian dollars. On their argument, Bit Trade put their limit to a maximum of four million Australian dollars. The penalty follows these proceedings, and the Kraken operator in Australia has 60 days to comply with the order.

In addition, the firm would cover for all the commissions court proceedings costs.

Kraken has faced regulatory hurdles in the US too, with the Securities and Exchange Commission (SEC), suing the exchange earlier in November 2023.

SEC’s allegations include Kraken offering of unregistered activities and operating as an unregistered broker. In August 2024, a US court denied the exchange’s motion that sought to dismiss the SEC’s lawsuit.


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Saylor and Bukele Discuss How El Salvador Can Accelerate Global Bitcoin Adoption

Michael Saylor has met with Salvadoran President Bukele to discuss accelerating global bitcoin adoption as El Salvador strengthens its position, continuing to accumulate bitcoin despite IMF-driven policy adjustments. Michael Saylor Meets Nayib Bukele to Discuss Bitcoin Strategy Michael Saylor, executive chairman of Microstrategy (Nasdaq: MSTR), met with El Salvador’s President Nayib Bukele on Feb…
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