• XRP Outlook
• Orbeon Protocol (ORBN) Surge
• Coinbase CEO Worries That Crypto Industry May Face a Regulatory Obstacle
• Cryptocurrency Market is Cast in Shadow by the Fed’s Monetary Policy and Regulatory Review

XRP Outlook

In the past 24 hours, Ripple (XRP) prices hit a low of $0.3896 and a high of $0.40577, accounting for a 1.44% fall. The fall came in after a 2.97% gain from Tuesday as XRP prices closed the day at $0.3979, making it close its day at sub-$0.40.

For XRP, the day got off to a good start as it surged and reached a high of $0.40577. Although XRP failed to cross the $0.4089 First Major Resistance Level, it fell to a low of $0.39400 in the late afternoon.

Orbeon Protocol (ORBN) Surge

With the advent of the Orbeon Protocol (ORBN), the world of crowdfunding is going through a significant upheaval. The crowdfunding sector is going to experience a substantial change as a result of ORBN’s revolutionary character.

Its innovative strategy of issuing fractional non-fungible tokens (NFTs) supported by business stock expects competition with established crowdfunding strategies and gives entrepreneurs additional avenues of finance.

The value of the cryptocurrency crowdfunding platform Orbeon Protocol (ORBN) has increased by 1675% as the presale reaches its fifth phase, drawing interest from investors and cryptocurrency industry professionals.

Orbeon Protocol (ORBN) is a platform to watch soon since some estimate an early buyer’s potential 60 times returns. ORBN is in an excellent position to upend the existing quo and give businesses new ways to raise money.

Coinbase CEO Worries That Crypto Industry May Face a Regulatory Obstacle

Brian Armstrong voiced his concern on February 9th in response to speculations that the SEC would outlaw Bitcoin staking for American retail consumers. He thinks that retail customers should still have the option of staking. He expressed his hopes that these allegations are unfounded and warned that the US would suffer if such a ban were to take effect.

In Armstrong’s opinion, the SEC’s perspective on staking may have profound effects on the whole crypto business, thus ultimately restricting the sector’s growth and inhibiting innovation. Staking, according to him, is a crucial instrument for strengthening and decentralizing the crypto ecosystem.

Investors in the crypto industry have also expressed their worry because the regulatory body, SEC, still needs to provide clear instructions on the staking subject. In his sentiments, Armstrong highlighted that staking improved security, and scalability, reduced carbon footprints, and provided a platform for everyone to access the crypto network.

The SEC also argued that the ‘expectation profit’ and ‘common business’ of the Howey Test are satisfied by XRP. However, an XRP-focused lawyer named John Deaton recently criticized the Securities and Exchange Commission (SEC) on Twitter for its position on cryptocurrency. Deaton expressed amazement that the SEC decided without carefully considering every transaction.

Cryptocurrency Market is Cast in Shadow by the Fed’s Monetary Policy and Regulatory Review

Riskier assets impacted by the Federal Open Market Committee (FOMC) members’ reactions to the US job reports on Wednesday. Christopher Waller said that monetary policy must be tighter than anticipated for extended periods, pointing at a more cautious monetary policy and maybe higher interest rates.

John Williams noted a healthy labor market and the need for additional measures to bring inflation to the desired level. In contrast, Fed Chair Powell’s desire to maintain rates below 5%, he added that a peak interest rate of 5% to 5.25% is still a realistic expectation.