XRP, SOL and LDO lost more than 5% in the last 24 hours. Original
Bitcoin Dips Below $30K to Lowest Since Late June as Altcoins Pare Gains From XRP Lawsuit
Day: July 17, 2023
XRP tops BTC in trading volume as it continues to savor partial victory in SEC suit
The July 13 ruling on the suit filed by the United States Securities and Exchange Commission (SEC) has led to unprecedented interest in the XRP token. In the few days since the court decision, a jump in XRP (XRP) trading has seen it surpass all other cryptos in monthly volume, according to Kaiko. In a research report released on July 17, the blockchain information service noted a 61% increase in XRP trading since the court’s decision. On Monday morning, XRP accounted for 21% of global trade volume, ahead of Bitcoin (BTC), with…
SEC Chair Gary Gensler Said He Was ‘Disappointed’ by Part of the Ripple XRP Judgement
U.S. Securities and Exchange Commissioner (SEC) Chair Gary Gensler said Monday that he was disappointed with a district court’s decision in the Ripple case regarding retail investors, but pleased with the part of the order which found that institutional sale of the tokens did violate federal securities laws. Source
DEX Top Performer Token TET To Be Listed on MEXC Exchange on July 18, 2023, at 3:00 PM UTC
Mahe, Seychelles We are thrilled to announce that TET, the top-performing token on Uniswap, will be listed on the esteemed MEXC Exchange. This listing represents a significant milestone for the Tectum project and opens up exciting opportunities for investors and traders worldwide. The listing on MEXC Exchange is scheduled to take place on July 18, 2023, at 3:00 pm UTC. MEXC Exchange is renowned for its robust trading infrastructure, high liquidity and a wide range of trading pairs. With this strategic move, TET aims to provide its community with enhanced…
SEC vs Ripple referred to judge who ordered release of ‘Hinman Documents’
The next phase of the ‘SEC vs Ripple’ case is set to move forward as U.S. District Judge Analisa Torres of the Southern District of New York filed paperwork on July 17 referring the case to Magistrate Judge Sarah Netburn. First reported by journalist Eleanor Terrett, the court issued an “amended order of reference to a Magistrate” transferring judiciary oversight of the case to the Magistrate’s office: NEW: District Judge Torres has referred the @Ripple case to Magistrate Judge Netburn for General Pretrial (includes scheduling, discovery, non-dispositive pre-trial motions and…
SEC v. Ripple referred to judge who ordered release of ‘Hinman Documents’
The next phase of the United States Securities and Exchange Commission (SEC) v. Ripple case is set to move forward, as Judge Analisa Torres of the U.S. District Court for the Southern District of New York filed paperwork on July 17 referring the case to Magistrate Judge Sarah Netburn. First reported by journalist Eleanor Terrett, the court issued an “amended order of reference to a Magistrate,” transferring judiciary oversight of the case to the magistrate’s office. NEW: District Judge Torres has referred the @Ripple case to Magistrate Judge Netburn for…
Dragonfly, Arthur Hayes Back $6M Round for New Stablecoin, Ethena
“Ethena is building the holy grail of stablecoins: a coin that is truly stable, decentralized, and capital-efficient,” said Dragonfly general partner Tom Schmidt in the press release. “Stablecoins have grown massively in popularity over the past few years by providing access to USD-denominated savings and remittances for people around the world, but they’ve always been handicapped by one of these three issues. Ethena has a breakthrough design that remedies these issues while also benefiting a broad user-base. We’re thrilled to be partnering with them to bring their vision to life.”…
SPX, DXY, BTC, ETH, XRP, BNB, SOL, ADA, DOGE, MATIC
Bitcoin (BTC) remains stuck inside a narrow range, making it difficult to predict the direction of the next possible breakout. The United States dollar index (DXY), which generally moves in inverse correlation to Bitcoin, dropped below 100 but that has failed to propel Bitcoin higher. This suggests that Bitcoin is charting its own course in the near term. Therefore, the earnings season from big companies this week may sway the U.S. equities markets but may not have the same effect on Bitcoin. It is becoming increasingly difficult to pinpoint the…
Barclays Joins Wall Street Analysts Calling XRP Ruling Positive for Coinbase (COIN) Stock
“We view the ruling as incrementally positive for Coinbase, given the interpretation that in some cases a token may not be a security,” the bank’s analysts wrote, keeping COIN’s rating at underweight with a $70 price target. “This may also provide incremental clarity for future token issuances.” Source
Binance cuts back on employee benefits, citing ‘decline in profit’: Report
Global cryptocurrency exchange Binance reportedly cut back on certain benefits to its employees in June amid reevaluation efforts at the firm. According to a July 17 report from The Wall Street Journal, Binance said it had stopped offering reimbursement to employees for certain expenses, including the use of mobile phones, fitness and working from home. The crypto exchange reportedly cited the “current market environment and regulatory climate,” which led to a decline in profit, suggesting more cost-cutting measures may be needed. The report followed one suggesting Binance had let go…