"SEC's Crypto Bias Unveiled: Ripple's XRP Surge Looms"

The legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs, the company behind the cryptocurrency XRP, has taken a significant turn. A nonprofit watchdog, Empower Oversight, has filed a lawsuit demanding the release of an internal SEC report related to potential conflicts of interest. The focus is on former SEC official William Hinman, who had ties to Simpson Thacher, a firm connected to the Ethereum Enterprise Alliance. Critics argue that Hinman’s association may have influenced the SEC’s approach to crypto regulation, which raises concerns about bias in the case against Ripple. If this lawsuit uncovers damaging information, it could put the SEC in a difficult position and potentially force it to reconsider its appeal against Ripple.

XRP, the cryptocurrency at the center of the SEC-Ripple dispute, is currently trading at around $2.41, down 0.21% in the last 24 hours. Its trading volume has reached approximately $3.33 billion during this time. Some crypto analysts, like Hugo on X, believe that XRP has confirmed a breakout and expect it to surge significantly once the bull run resumes, with a minimum target of $10. The ongoing legal developments could potentially propel XRP towards this price target.

Meanwhile, another project gaining attention is PlutoChain ($PLUTO), a hybrid Layer-2 upgrade that could finally make Bitcoin a fast, affordable, and everyday payment solution. Bitcoin, despite being one of the most valuable digital assets, has struggled to become a practical payment option due to its slow transaction times and high fees. PlutoChain aims to address these challenges by offering a block time of just two seconds on its Layer-2 network, significantly faster than Bitcoin’s standard 10-minute block time. This could make Bitcoin much more convenient for everyday purchases.

PlutoChain also offers lower fees, which could help Bitcoin function as a real payment system. Additionally, with Ethereum Virtual Machine (EVM) compatibility, it could connect Bitcoin to DeFi apps, NFT marketplaces, and AI-powered blockchain projects, creating new ways to use BTC beyond simply holding it as a store of value. Security is a top priority for PlutoChain, which has been audited by several reputable firms and undergoes regular code reviews and stress tests to ensure its system is safe and reliable.

During its testnet phase, PlutoChain successfully processed