XRP experienced a 100% price increase following a court ruling that XRP sales to retail investors do not qualify as securities in the SEC's case against Ripple. However, technical and network usage data suggest a short-term pullback. While XRP's trading interest is increasing, the number of transactions on the XRP Ledger has remained consistent for over a year, indicating a scarcity of new entities actively participating in the network. Despite this, Ripple is ramping up efforts for XRP Ledger adoption, with plans to re-establish ties with banks and participate in a $54 million investment in a metaverse project.
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XRP Price Surges 100% After Landmark Ruling, But Network Growth Stalls
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Solana's market value exceeds Sony and Medtronic, and its global asset market value ranking rises to 165th
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The total open interest of Bitcoin contracts on the entire network exceeded US$55 billion
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A smart money bought 13.7 million ZEREBRO at the end of October, making a profit of more than 2.5 million US dollars
The Data Nerd observed that on October 29th and 30th, DNfuF spent $13,500 to buy 13.7 million ZEREBRO. Afterwards, they sold 6.1 million of them and earned $311,000, resulting in a profit of $297,000. Currently, the address still holds 7.07 million ZEREBRO, which is approximately $2.29 million. -
BTC breaks through $91,000
according to market data, BTC has broken through $91,000 and is currently trading at $91,002.03, with a 24-hour decline narrowing to 0.46%. The market is volatile, so please be prepared for risk control. -
Viewpoint: The recent strong rise of Bitcoin has attracted some funds to flow from gold to Bitcoin
According to China Fund News, Liu Tingyu, the manager of the Yongying CSI Shanghai-Hong Kong Gold Industry Stock ETF Fund, analyzed that after the results of the US election were announced and the "Trump trade" expectations were realized from September to October, some long funds took profits and caused this adjustment of gold prices. Virtual currencies and gold have a certain substitutability for sovereign currencies. The recent strong rise of Bitcoin has attracted some funds to flow from gold into Bitcoin. -
Jupiter TVL breaks through $2 billion, setting a new record, with total transaction volume exceeding $374 billion
data from Dune shows that the total trading volume of the Solana ecosystem DEX aggregator Jupiter has exceeded 374 billion US dollars, currently at 374,035,852,114 US dollars. According to DeFiLlama data, Jupiter's TVL has surpassed 2 billion US dollars, currently at 2.076 billion US dollars, reaching a historical high. -
Trump pledges to fire SEC Chair Gary Gensler ‘on day one’ if reelected
The Republican candidate laid out a plan for crypto policies should he win in November against prospective Democratic presidential nominee Kamala Harris.
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Bloomberg ETF Analyst: XRP ETF may be the next exchange-traded fund product to be launched
Bloomberg ETF analyst James Seyffart forwarded market news on X platform, stating that during the Bitcoin 2024 conference, Discover Crypto CEO Joshua Jake was interviewed and he said that XRP ETF could be the next possible exchange-traded fund product to launch. -
Cointime June 29th News Express
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The US SEC has returned the S-1 form to the potential Ethereum ETF issuer with a few comments, asking it to fix the problem and resubmit.
The US Securities and Exchange Commission has returned the S-1 form to the potential Ethereum ETF issuer with some comments, asking them to address the issues and resubmit. Sources say that at least one more round of review is needed before these measures can take effect. The issuer has reportedly been asked to address these comments and resubmit before July 8th. Sources note that this will not be the final declaration after the form is returned, meaning that at least one more declaration is needed before the ETF can begin trading.
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