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The jobs market remains strong, a concern for the U.S. central bank which seems intent on raising the Federal Funds rate 25 basis points.
Ripple's XRP, Solana's SOL and Lido Finance's LDO lost more than 4% in the last 24 hours.
Wall Street banks including J.P. Morgan also saw the ruling as a positive outcome for the crypto exchange.
A U.S. bankruptcy court previously granted the crypto lender permission to sell its altcoin holdings for bitcoin and ether starting in July.
The latest price moves in crypto markets in context for July 17, 2023.
Funding rates in perpetual futures tied to BNB are most negative in nearly three months.
The rising flows into Toronto-based Purpose’s spot bitcoin ETF, which received approval by Canadian regulators in 2021, reflect strong appetite among retail investors for these types of products and are a promising sign for U.S. companies who have recently filed spot BTC applications with the SEC.
Along with XRP’s strong week, 172 of 186 CoinDesk Indices assets finished in positive territory
Ripple's XRP was down 25% from its highest levels on Thursday.
The fight for regulatory clarity isn’t over yet, however, as the SEC will likely appeal the decision and continue to pursue similar cases in the future, analysts wrote.
- 15:02Apple's newly established "Answers" team is developing a ChatGPT competitorAccording to Jinse Finance, Apple has established a new "Answers" team that is developing a simplified competitor to ChatGPT to help users access global knowledge. Apple has recently posted job openings for this team on its recruitment website. The job listings state: "Our work provides intuitive information experiences for some of Apple's most iconic products, including Siri, Spotlight, Safari, Messages, Lookup, and more. Join us and help shape the future of how the world connects with information!" Several positions specifically require experience in search algorithms and engine development. While the final product may still take some time, the direction is clear: a simplified, Apple-developed search tool similar to ChatGPT is on the way.
- 13:37Justin Sun Successfully Completes Blue Origin SpaceflightAccording to Jinse Finance, TRON founder Justin Sun successfully completed a suborbital spaceflight aboard Blue Origin’s New Shepard spacecraft. The entire mission lasted about 10 minutes, during which the spacecraft crossed the Kármán line, achieving suborbital flight and a period of weightlessness, before safely returning to the landing site in Texas. After exiting the capsule, Justin Sun said in an interview, “I waited four whole years for this flight, but we finally made it happen. I am deeply grateful to Mr. Bezos and his team for making all of this possible. I also thank my parents for bringing me into this world. When I looked at Earth from space, it seemed so small—but it is our home. We must do everything we can to protect it. This is my first commitment and first step toward space, and there will be more to come in the future.”
- 12:52Top 75 HYPE Holders Continue to Accumulate, Now Holding Approximately $18.65 Million in HYPEAccording to Foresight News, monitoring by @ai_9684xtpa shows that the major holder with the address starting 0x7BE, ranked among the top 75 HYPE holders, has continued to increase their position. Twenty minutes ago, they deposited 4.07 million USDC into Hyperliquid, all of which was used to purchase HYPE. This latest purchase has moved their ranking up by 8 places. Currently, this address holds a total of 487,209.95 HYPE (including staked tokens), valued at approximately $18.65 million, with an unrealized profit of $1.535 million.