Whales Dump 55 Million XRP to Two Exchanges, Sparking Speculations Among Crypto Enthusiasts
The XRP cryptocurrency has been in the spotlight due to the ongoing XRP lawsuit and recent whale activity. Whales have dumped 55 million XRP onto two exchanges, causing a decline in the cryptocurrency's value. However, some speculate that the transfers were made for Ripple's ODL operations via Bitstamp. Despite this, XRP has remained in negative territory due to market uncertainties and has experienced an 8% slump over the past week. The transfers have sparked discussions and speculations in the crypto community.
30.3 Million XRP Transferred From Unknown Address to Exchange Bitstamp
According to monitoring data from Whale Alert, at 04:25:00 Beijing time, 30.3 million XRP (about 15.21 million US dollars) was transferred from an unknown address to the Bitstamp cryptocurrency exchange.
60 Million XRP Transferred From Ripple to Unknown Wallet
On October 9th, according to Whale Alert, 60 million XRP (approximately $30,985,299) was transferred from Ripple to an unknown wallet at 13:29 Beijing time.
Ripple v. SEC update as of September 22, 2023
As Ripple awaits the final conclusion of its legal case with the SEC, commentators have shared their opinions. Lawyer Bill Morgan believes that Judge Analisa Torres' decision on the SEC's appeal request should be coming soon, and a delay could be a bad sign for the SEC. Morgan also clarified that the NYDFS delisting of XRP does not equal a ban and does not prevent approval for custody or sale. He believes that Ripple is winning the regulatory battles overall and globally, but the SEC's stance on XRP sales remains a problem.
Crypto Strategist Outlines Future of XRP, Chainlink, and Low-Cap Altcoin
Crypto strategist Michaël van de Poppe has shared his predictions for XRP, Chainlink (LINK), and Worldcoin (WLD). Van de Poppe is waiting for XRP to show signs of strength and is looking for a breakout above $0.54, which could lead to a rally above $0.70. He believes that LINK is likely to continue its bullish trend and could soar as high as $8.59, with potential entry points at $6.15-6.40. As for WLD, Van de Poppe sees opportunities for short-lived rallies and suggests entry points at $1.35 or $1.11.
New York Department of Financial Services Restructures Cryptocurrency Oversight, Axes Ripple and Dogecoin from Greenlist
The New York Department of Financial Services (DFS) has removed Ripple and Dogecoin from its "greenlist" of approved cryptocurrencies, while Bitcoin, Ether, and the PayPal Dollar remain. The DFS has positioned itself as a leader in digital asset regulation, with its BitLicense program and virtual currency unit.
Crypto Market Starts Week on Positive Note with Major Cryptocurrencies Seeing Upward Trend
Major cryptocurrencies saw positive performance on Monday, September 18, with investors regaining confidence in digital currencies. Bitcoin's price rose 0.15% to $26,585.27 over the last 24 hours, while Ethereum's price remained flat at $1,629.15. XRP's price increased by 0.11% to $0.4973, and Litecoin's price added 1.06% to trade at $64.63.
XRP Price Increases 3% to $0.5 Due to New Bitcoin ETF Filing and Positive US CPI Data
XRP's price has risen by 3% to reach $0.5, thanks to positive US CPI data and a new Bitcoin ETF filing by Franklin Templeton Investments. The cryptocurrency has broken out of a falling wedge pattern and could potentially reach $0.7. Ripple is planning to hold a "Proper Party" on September 29 to celebrate its win against the SEC, with potential announcements including an IPO.
Fortress Trust Founder: Before Being Acquired by Ripple, He Lost $12 Million to $15 Million in a Hacker Attack
According to Fortune magazine, Scott Purcell, founder and CEO of Web3 licensed trust company Fortress Trust, stated that Fortress Trust lost between $12 million and $15 million in cryptocurrency in a recent hack, most of which was Bitcoin, as well as a small amount of USDC and USDT.
Ripple CEO Says US is Worst Place to Launch Crypto Startup, Urges Policy Change
According to Ripple CEO Brad Garlinghouse, the United States is currently one of the worst places to launch a cryptocurrency startup. Garlinghouse believes that the US needs to take note from countries like Singapore, the United Kingdom, the United Arab Emirates, and Switzerland by enacting policies that encourage crypto innovation while protecting consumers.
Bitcoin's Price Rebounds and Tests Short-Term Resistance, but Downtrend May Not Be Over
Bitcoin's price has risen from its weekly low of $25,000 and is testing short-term resistance at $26,400 for the second time this month. The Moving Average Convergence Divergence (MACD) indicator suggests that expected gains to $28,000 may be sustained this time. However, some analysts believe that there is still room for another dip, potentially to $22,000, before a bull market. The crypto market is experiencing shrinking liquidity due to concerns about regulation and the popularity of DeFi and staking platforms.
Ripple CLO Stuart Alderoty Calls SEC Filing "Hypocritical Pivot" in Ongoing Lawsuit
The SEC has filed a memorandum in support of its motion for an interlocutory appeal and against Ripple's request to reject an interlocutory appeal. Ripple's chief legal officer, Stuart Alderoty, has criticized the filing as a "hypocritical pivot" and accused SEC Chairman Gary Gensler of being manipulative and power-hungry.
Ripple acquires Fortress Trust to expand regulatory licenses in the US
Ripple has acquired Fortress Trust, a company that provides regulatory and technology infrastructure for blockchain organizations and holds a Nevada Trust license for financial asset custody. This acquisition expands Ripple's portfolio of regulatory licenses in the United States, which already includes over 30 licenses as a money transmitter and a BitLicense in New York. <br>
Ripple Partners with SpaceX Partners to Participate in Maui Emergency Fund's Cryptocurrency Donation Program
Payment company Ripple is partnering with Jared Isaacman, a partner of SpaceX, a space exploration technology company owned by Elon Musk, to participate in the XRP and cryptocurrency donation project for the Mozambique Island Emergency Fund. XRP has been added as one of the cryptocurrency donation options for charities on The Giving Block, a provider of cryptocurrency donation solutions.
Crypto Exchanges Suggest Large US Traders Drove XRP Buying Demand After Ripple's Partial Court Victory Over SEC: Kaiko Analysis
According to digital asset research firm Kaiko, data from crypto exchanges suggests that large traders in the US drove buying demand of XRP after Ripple won a partial court victory over the SEC in July. Kaiko found that Upbit and OKX witnessed the strongest selling pressure for XRP in August, while Coinbase saw stronger levels of buying.
Ripple CTO: XRP Will Replace the Dollar as the World's Reserve Currency
In recent Twitter Spaces titled "What happened to XRP," Ripple's chief technology officer David Schwartz said, "One crazy assumption I have about digital assets is whether countries are aware that the US dollar will not always be a reserve currency."
Report: XRP Fell More Than 25% in August Due to Huge Selling Pressure From Exchanges Such As Upbit and OKX
According to a new report from cryptocurrency market data provider Kaiko, after a US court ruled that Ripple's XRP was not a security in secondary market trading, XRP saw a rise in July but was unable to maintain the momentum.
Data: 29,700,000 XRP Transferred From Unknown Wallet to Bitstamp
According to Whale Alert data, at 02:55 today, 29,700,000 XRP ($15,040,591) was transferred from an unknown wallet to Bitstamp.
XRP Lawyer John E. Deaton Highlights "Hypocrisy" of SEC's Inconsistent Positions in Ripple Lawsuit
The SEC's arguments in its enforcement actions against crypto companies have been criticized by judges as "arbitrary and capricious" and "hypocritical." XRP lawyer John E. Deaton has highlighted the SEC's inconsistency and hypocrisy, which has been noticed by federal judges and both chambers of the U.S. Congress.
The US SEC Has Held a Closed-Door Meeting This Thursday, and It Is Rumored That It May Seek a Settlement With Ripple
The US Securities and Exchange Commission (SEC) held a closed-door meeting on Thursday, August 31, 2023. There are rumors that this confidential meeting may involve a settlement with Ripple. The "Sunshine Act Notice" issued by the US Securities and Exchange Commission afterwards provided limited details about the meeting and left room for market speculation.
