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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.
As bitcoin and ether assert themselves as uncorrelated assets, the impact of macroeconomic catalysts has waned
The bankrupt crypto lender was given permission to convert its roughly $170 million altcoin stash to BTC and ETH.
Crypto miners were also included in the rally as bitcoin rose to its highest level in 13 months.
A federal judge on Thursday ruled he sale of Ripple’s XRP tokens on exchanges and through algorithms did not constitute investment contracts.
- 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."
- 19:59VanEck Digital Assets Research Director: The possibility of Solana ETF being listed for trading next year is extremely highOn November 24, Matthew Sigel, the head of digital asset research at VanEck, stated: "It is precisely the SEC led by Gary Gensler that has broken the long-standing tradition of rule-oriented regulation through law enforcement. Restoring the usual disclosure-based system will create more room for innovation in this field... I believe that by the end of next year, there is a very high possibility that Solana ETF will be listed for trading."
