Mysterious Whale Makes $650K Profit as PEPE Price Surges
An on-chain analytics resource, Lookonchain, has reported unusual activity from a mysterious whale in the Pepe token market. The whale deposited 3.94 trillion PEPE tokens, worth $7 million, to a Binance-associated wallet in a single transaction and booked a profit of approximately $650,000 as the price of PEPE surged by 17% in the past 24 hours.
Coinbase's Chief Legal Officer Sees Signs of Crypto Winter Thawing as Ripple Wins Partial Legal Victory
According to Coinbase's Chief Legal Officer Paul Grewal, there are signs that the crypto winter may be ending. Grewal cited Ripple Labs' recent legal victory against the Securities and Exchange Commission as evidence of this.
Ripple's CTO Clarifies ODL-Related Sales and US Nexus Concerns After XRP Ruling
Ripple's CTO, David Schwartz, has stated that Ripple does not conduct ODL-related sales with a US nexus and that they can still operate ODL within the US as long as the XRP used in these transactions does not come directly from Ripple. This comes after concerns were raised about the classification of ODL-related sales following the ruling of XRP as non-security by Judge Analisa Torres.
Upbit Leads in XRP Trading Volume Amid Renewed Interest and Victory in Ripple vs. SEC Lawsuit
Upbit, South Korea's largest exchange, has recorded the highest 24-hour trading volume of XRP, reaching $2.5 billion, as the victory of XRP in the Ripple vs. SEC lawsuit has triggered a surge in trading activity. This surge in activity confirms that South Korean investors have made significant contributions to the recent XRP rally.
Ripple CTO Warns Against XRP Scams as Court Ruling Reignites Hype
Ripple Labs won a court case that declared XRP is not a security, leading to a significant increase in the token's market price. However, Ripple CTO David Schwartz warned investors of potential scams that may arise as a result of the hype.
XRP Overtakes Binance's BNB in Crypto Market Cap Rankings for First Time in Over Two Years
XRP has surpassed Binance's BNB in market cap rankings for the first time in two years, taking fourth place behind USDT, ETH, and BTC. This comes after a New York judge ruled that XRP sales were not securities through secondary markets, causing a surge in XRP futures open interest and a doubling of its daily closing price.
Major US Crypto Exchanges Relist XRP After Ripple's Legal Victory, Price Soars 87%
Several US crypto exchanges, including Coinbase, Gemini, and Kraken, have announced that they will relist XRP following Ripple's legal victory against the US Securities and Exchange Commission (SEC). Binance.US and Crypto.com have also joined in, with the latter offering trading in XRP with over 20 fiat currencies.
Ripple General Counsel Clarifies Court's Ruling on XRP Sales and Securities
Ripple's General Counsel, Stuart Alderoty, has clarified that the sales of XRP by the company's executives are not securities, following Judge Analisa Torres' ruling that XRP itself is not a security. Alderoty also stated that sales of XRP on secondary markets, as well as distributions to developers, employees, and charities, are not securities.
XRP Added to Binance.US for Trading, Boosting Potential Value After Positive Court Ruling
Binance.US has announced the addition of XRP to its list of available cryptocurrencies for trading. Deposits for XRP are now live, and trading on the XRP/USDT Advanced Trading pair will begin on July 14, 2023.
Polygon (MATIC) Price Surges 24% Following XRP Court Ruling, Dapps Growth, and Polygon 2.0 Upgrade Proposal
Polygon (MATIC) saw a significant price increase on July 13 due to several factors, including a positive court ruling for XRP and increased activity of Dapps on the Polygon Network. MATIC also anticipates the launch of Polygon 2.0, which could further drive up its price.
