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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.
- 20:35Trump: Putin Wants to Negotiate with Ukraine in TurkeyU.S. President Trump recently posted on social media: "Russian President Putin does not want to reach a ceasefire agreement with Ukraine, but instead hopes to meet in Turkey on Thursday to negotiate the possibility of ending this conflict. Ukraine should agree to this immediately. At the very least, they will be able to determine if an agreement is possible, and if not, European leaders and the U.S. will also understand the situation and be able to act accordingly! I am beginning to doubt whether Ukraine will reach an agreement with Putin, who is busy celebrating the victory of World War II, and without the United States, World War II could not have been won. Let's hold talks now!
- 20:34ETH falls below $2500, daily increase of 1.50%Market data shows that ETH has fallen below $2500, currently reported at $2499.37, with a daily increase of 1.50%.
- 20:33Analyst: Altcoin Season May Be Approaching, Daily Gains of 40% Could Become the NormAccording to Cointelegraph, analysts are divided on whether the "altcoin season" for 2025 has already begun. Crypto commentator Mister Crypto pointed out that the next 3 to 6 months could be "life-changing," suggesting that daily gains of up to 40% might soon become the norm. He cited data from BlockchainCenter.net indicating that the current market is transitioning from a "Bitcoin season" to an "altcoin season." Technical analyst Moustache believes that the current market structure is similar to that of 2016 and 2020, indicating that the altcoin season has officially started. However, CryptoQuant CEO Ki Young Ju stated that the current altcoin season might be more short-lived and selective, with only projects possessing strong fundamentals and revenue models standing out.