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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.
- 13:18Amazon plans to increase its capital expenditure to 100 billion dollars this year, mainly for the research and development of AI technologyAmazon announced on February 6th local time that it plans to increase its capital expenditure to $100 billion by 2025, up from about $83 billion last year. Amazon CEO Andy Jassy said in an earnings call that most of the capital expenditure will be used for AWS's cloud computing division to develop AI technology.
- 13:08The AI arms race among the four giants of US stocks escalates again: Capital expenditure will exceed 320 billion dollars this yearMicrosoft, Meta, Alphabet (Google's parent company), and Amazon have recently released their earnings reports for the last quarter of 2024 and disclosed guidance for 2025. Overall, the capital expenditures of these four giants in 2025 are consistently rising, indicating that the AI competition will become increasingly fierce. This intense "money-burning" plan, coupled with a lower-cost AI route demonstrated by Chinese company DeepSeek, is causing Wall Street to worry more about whether these tech giants can achieve sufficient returns. According to reports from Microsoft, Google, Amazon and Meta, the total capital expenditure of these four giants in 2024 was $246 billion USD - a surge of 63% compared to $151 billion USD in 2023. This year's total capital expenditure may exceed $320 billion USD.
- 12:46The yield on 10-year U.S. Treasury bonds has fallen below 4.50%, potentially paving the way for further declinesLBBW analyst Elmar Voelker stated in a report that the yield on 10-year U.S. Treasury bonds has significantly fallen below 4.50% for the first time this year, potentially opening the door for further declines. From the perspective of a chart analyst, the slide in yields may send a signal to bond bulls. The rising trend of yields seems to have been broken, which largely started in autumn 2024 due to Trump's impending election victory at that time.