South Korean Prosecutors Will Apply To Add the XRP Judgment of the US Court as Evidence
According to the pre-appeal meeting of Terraform Labs co-founder Daniel Shin at the Seoul Southern District Court, the Korean prosecution plans to apply for the New York Southern District Court's ruling on the virtual currency securities attribute as additional evidence.
28,400,000 XRP moved from unknown wallet to Bitstamp
Data shows that at 03:15 on August 28th (Beijing time), 28,400,000 XRP (worth about $14,921,752) was transferred from an unknown wallet to Bitstamp.
Cryptocurrency Analyst: XRP Has Resurrected Interest After BRICS Decided to Ditch the Dollar and Adopt an Alternative Payment System
cryptocurrency analyst A Chain of Blocks stated that XRP has regained people's interest after the BRICS countries decided to abandon the US dollar and adopt alternative payment systems. The popularity of BRICS countries has increased due to the severe economic situation in the United States, and now more countries are requesting to join. As of the last summit of the organization, more than 20 countries, including Saudi Arabia and the United Arab Emirates, have expressed interest in becoming members. Most member countries see XRP as a viable global payment option, which can facilitate transactions between member countries.
One address transfers 29 million XRP to Bitstamp
Whale Alert has announced that an address has transferred 29,300,000 XRP worth $15.13 million to the Bitstamp exchange. This information indicates that the address may be selling its XRP assets, as just a few hours earlier it transferred 14 million XRP to Bitso.
XRP Faces Uncertain Future as Court Battle with SEC Continues and Support Levels Tested
XRP has fallen 2.3% to $0.515 and is seeking support and liquidity before attempting to reach $1. The token is currently trading below major moving averages, but is being supported by a multi-month ascending trendline.
Solana Sees Price Uptick Due to Adoption Developments While XRP Bounces Back Amidst SEC Trial Delay
Solana's smart contracts token has bounced back and is trading at $21.74 with a trading volume of $412 million, possibly due to Solana Pay's adoption developments. The overall crypto market is trending upwards, with Bitcoin reclaiming $26,000. Solana is expected to make a significant recovery, with bulls aiming to push the price towards the psychological resistance of $30 to $32.
XRP Plummets as Tesla's Alleged Bitcoin Sell-Off and FOMC Minutes Shake Crypto Markets
The crypto market experienced a sharp decline after rumors circulated that Tesla had sold its $377 million Bitcoin position. Additionally, the Federal Open Market Committee's minutes indicated that interest rates would continue to rise to combat inflation, which further negatively impacted the market.
Crypto Exchange BIT Launches XRP Options Trading
Following Ripple's partial court victory that boosted market interest, cryptocurrency exchange BIT has launched XRP options trading. This move provides advanced tools for XRP investors to manage portfolio risks and speculate on future prices. XRP becomes the sixth asset that can be traded as an options product on the BIT platform, following BTC, ETH, ADA, TON, and LADYS.
BitPay adds support for XRP
That the cryptocurrency payment platform BitPay has launched a new initiative to support XRP worldwide. From now on, BitPay users can seamlessly purchase XRP, securely store XRP through self-custody in the BitPay wallet, participate in gift card transactions, execute XRP exchanges, and transact with BitPay merchants.
Judge Approves Investment Banker Andrew A. Kunsak as Declarant in SEC v. Ripple Case
On August 16th, it was reported that Andrew A. Kunsak from the law firm Sidley Austin LLP has been granted permission to appear as an investment banker in the SEC's case against Ripple Labs, which will be presided over by Judge Analisa Torres. The banker stated that he hopes to protect stakeholders from the SEC's appeal of the summary judgment ruling.
