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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.
Several Layer 1 tokens are soaring as SEC cases are called into question after a favorable XRP ruling.
Ether and other major cryptos are swept upward in a banner day for crypto markets. PLUS: While the number of large bitcoin holders increases, bitcoin sent to exchanges continues to fall, writes CoinDesk's analysts.
- 06:07Ripple: Digital assets are driving a $100 billion custody boomPANews reported on February 7th, according to Bitcoin.com, Ripple has released an insight report detailing how custodians can meet the growing demand for cryptocurrency custody. With the rapid expansion of the market, Ripple emphasizes that the global custody service market is expected to grow from $41 billion in 2023 to over $100 billion in 2033. Digital assets are driving this prosperity and financial industry's custody service providers have ample opportunities to leverage this emerging technology. Ripple's "Digital Asset Custody: A Quick Guide for Custodians" highlights the necessity of advanced custody, governance and trading infrastructure to help providers stand out in the market. As digital transformation progresses, it is estimated that by 2030 tokenization will cover more than 10% of global assets. Custodians must support continuous digital asset flow, integrate multi-chain functions and handle high transaction volumes. As demand grows scalability and compliance will be crucial; institutions need to maintain efficient infrastructure while complying with regulations.
- 06:00The probability of Solana ETF getting approved within the year on Polymarket is currently reported to be 85%Odaily Planet Daily reports that Polymarket predicts an 85% chance of Solana ETF getting approved in 2025.
- 05:58Vitalik: Frustrated with the current state of the crypto field, which is mainly PvP-style competitionGolden Finance reports that Ethereum co-founder Vitalik Buterin has stated in a post that he feels uncomfortable when crypto Twitter and venture capital firms consider "PvP-style gaming projects that cause most users to lose" as the best product form in the crypto field, while pursuing better products is accused of being "condescending and elitist". Although these remarks sometimes make him want to back down, whenever this happens, he can gain inspiration from the world, reminding himself that he is fighting for something valuable.