Top Crypto News This Week: FLOKI Surges Amid Speculation Over SEC Appeal

• An SEC Commissioner's disagreement with the SEC's case against LBRY and its subsequent failure prompted a response from investors.

• The SEC and Ripple are moving closer to settlement discussions amid speculation about the SEC appealing the Programmatic Sales ruling.

• FLOKI has emerged as a top performer this week after introducing a staking program.

Bitcoin's Surge to $35,000 Boosted by BTC-Spot ETF Anticipation

On Tuesday, Bitcoin reached a high of $35,264, marking its highest level since 2023. The news about BTC-spot ETFs and growing expectations of SEC approval fueled this rise. BlackRock listing the iShares Bitcoin Trust (Ticker: IBTC) on DTCC further amplified speculations of potential SEC approval.

SEC vs. Ripple: XRP Response to Settlement and Appeal Concerns

A significant legal development unfolded as Judge Analisa Torres dropped SEC charges against Ripple's executives. This move potentially paves the way for a settlement. However, XRP's market performance showed limited response as fears surrounding a potential SEC appeal kept buyer interest in check.

FLOKI's Strong Performance Driven by New Staking Program

FLOKI made a noteworthy leap with the announcement of a staking program launch, along with the introduction of a sister token to incentivize FLOKI stakers. This initiative led to a substantial 48.65% increase in FLOKI's value.

SEC Commissioner Hester Peirce Expresses

Concerns over LBRY Case SEC Commissioner Hester Peirce raised concerns regarding the SEC's case against LBRY in a recent statement. She expressed unease about the impact of the case and highlighted her disagreement with its pursuit. Peirce's statement coincided with LBRY's decision to cease operations instead of pursuing an appeal against the SEC's favorable ruling.

Wall Street Journal Article on Hamas and Crypto Sparks Crypto Community Backlash

A Wall Street Journal article's mention of Hamas and its alleged use of crypto stirred controversy within the crypto market. The publication's claims were refuted by a correction, with Coinbase's Chief Legal Officer, Paul Grewal, criticizing the article's inaccuracies. This sparked discussions about the regulatory framework's impact on crypto businesses, resonating with Ripple CEO Brad Garlinghouse's recent remarks about the high costs associated with the SEC v Ripple case.