A recent report by Santiment, an on-chain data company, indicates a bullish trend for Dogecoin (DOGE). The report analyzed the 30-day MVRV (Market Capitalization by the Realized Capitalization) of six top cryptocurrencies, including Dogecoin and Shiba Inu. Dogecoin had the lowest MVRV at -16.7%, indicating a 'very bullish' trend. ADA followed with -12.6%, while Bitcoin, Ethereum, XRP, and Toncoin showed 'neutral' and 'mildly bullish' readings.

The XRP community has expressed discontent following the SEC's recent decision regarding Ethereum. The SEC concluded its investigation into Ethereum, a development seen as a significant victory for the second-largest digital asset and the entire crypto industry. However, the XRP community has not celebrated this news due to the ongoing 'feud' between XRP and ETH, known as 'ETHGate.' This feud stems from the alleged preferential treatment Ethereum received from the SEC at the expense of XRP and other cryptocurrencies.

XRP enthusiast and attorney Bill Morgan criticized the SEC's prioritization of ETH, stating that the different treatment of Ethereum and Ripple demonstrates the SEC's arbitrary approach to crypto. The XRP community feels that the SEC's decision has created an unfair advantage for Ethereum, leading to discontent among XRP supporters.

In other news, Nvidia, an American tech company known for its advanced GPU microchips, recently surpassed Microsoft to become the world's largest public company by market capitalization. Bitcoin critic Peter Schiff used this news to argue that Nvidia's rise is bearish for Bitcoin. Schiff pointed out that Nvidia's GPUs contain 'from .1 to .3 grams of gold,' but 'zero sats.' He further argued that Bitcoin needs gold for GPU mining, stating, 'Bitcoin needs gold. Gold does not need Bitcoin. Nothing needs Bitcoin.'

The developments in the crypto market highlight the complex relationships between different cryptocurrencies and the impact of regulatory decisions on their prices. While Dogecoin leads the pack with a bullish trend, the XRP community remains discontent with the SEC's decision on Ethereum. The rise of Nvidia has also sparked debate on the relevance of Bitcoin in the market.