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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.
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.
- 20:25The NFT trading volume reached 161.47 million US dollars in the past seven days, a decrease of 9.3% from the previous period.Data from cryptoslam.io shows that the NFT trading volume reached $161.47 million in the past seven days, a decrease of 9.3% from the previous period. Ethereum NFTs dominated with $51.81 million, while Bitcoin came second with $44.48 million. However, sales of Ethereum-based NFTs fell by 22.27%, closely followed by Bitcoin NFTs which decreased by 26.07%. In contrast, Solana NFT rose against the trend by 6.79% to $25.88 million.
- 20:01Theory Ventures has completed a second round of fundraising with 450 million US dollars, focusing on data, AI and Web3 fieldsOn November 23, according to Businesswire, Theory Ventures announced the completion of a $450 million second round of fundraising. Since launching its first fund of $238 million in April 2023, this new fund will help support innovators. The company focuses on investing in ideas and pays attention to data, AI and Web3 fields. It mainly focuses on three key concepts: the decade of data, new AI platforms, and decentralized infrastructure databases. It has invested in multiple companies and opened a new office in San Francisco.
- 19:59FalconX Global Revenue Director: Regulatory clarity will pave the way for new ETFIn an article on X, Austin Reid, the global revenue director of cryptocurrency brokerage firm FalconX, stated: "The launch of the Solana ETF will be a significant milestone for the SOL ecosystem and also marks a major shift in the entire cryptocurrency industry. In addition to new single-asset funds, regulatory clarity will pave the way for actively managed products and new ETFs - both of which will unlock new institutional liquidity channels."