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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.
The spike in trading activity came after a partial win in a lawsuit against the SEC.
The trading volume of XRP against the Korean won was the highest among all other counterparts .
Identifying the owners of crypto wallets may level the playing field for retail traders. But if taken too far it could be weaponized against the weak.
The latest price moves in crypto markets in context for July 14, 2023.
The surge in the crypto exchange’s share price was driven largely by investors who saw the decision as a representing a rejection of the SEC’s argument in the lawsuit it filed against Coinbase in June, the report said.
XRP's market capitalisation surged by more than 60% to $41.44 billion in the past 24 hours.
XRP token market capitalization has jumped to over $40 billion, its largest level since April 2022.
- 01:21A certain whale transferred 16,480,000 XRP to an exchange, worth approximately $50.85 million.According to ChainCatcher, Whale Alert monitoring shows that an unknown wallet transferred 16,483,919 XRP, worth approximately $50,856,185, to an exchange 3 minutes ago.
- 01:08Backed Finance CEO: xStocks issuer chooses Switzerland to avoid whitelist restrictions on Tesla tokenized stocksJinse Finance reported that Adam Levi, co-founder of Backed Finance, stated that seeking a balance between compliance requirements and the openness of decentralized finance ultimately led the company to settle in Switzerland. He said the company is registered in Europe because Switzerland allows them to issue digital representations of stocks such as Tesla and Nvidia (referred to as xStocks), which can be freely transferred rather than being subject to so-called whitelist restrictions. Levi recalled, “We looked at five jurisdictions, and lawyers told me, ‘Yes, you can do it, but it will be a whitelist-permissioned model.’ I said, ‘No, I’m not interested. I won’t build it that way because I wouldn’t use it myself.’” In the crypto industry, whitelists are often used to approve individuals to participate in specific events, such as minting NFTs or investing in the initial offering of a cryptocurrency. In the context of tokenized stocks, whitelists can determine who is eligible to hold the digital representations of these stocks.
- 01:08A certain whale bought 18,000 ETH at a price of $4,487 through Wintermute in the early hours today.According to a report by Jinse Finance, on-chain analyst Yu Jin monitored that a whale/institution, which has made $74.92 million in profits from ETH swing trading, purchased 18,000 ETH at a price of $4,487 using 80.77 million USDC through Wintermute in the early hours of today. After the purchase, ETH rebounded to $4,600. In other words, just a few hours after buying, this batch of 18,000 ETH has already yielded an unrealized profit of $2 million. They have already made $74.92 million in profits from swing trading ETH, and currently hold $530 million in USDC and 25,000 ETH (worth $114 million).