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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.
- 14:00Institution: There is a high possibility that the Federal Reserve will not cut interest rates this yearNews on February 7, PGIM Fixed Income Portfolio Manager Michael Collins stated that this is another sign of the economy's continued resilience. This is a strong economy. The Federal Reserve can now stand still completely. They might not take action (cut interest rates) this year, and the possibility is very high.
- 13:59Federal Reserve Kashkari: Good inflation data and a strong labor market will prompt me to support further interest rate cutsFederal Reserve Kashkari: If we see good inflation data and the labor market remains strong, then this will prompt me to support further interest rate cuts.
- 13:53"Federal Reserve mouthpiece" Nick Timiraos: The US unemployment rate in January was lower than the 4.09% in December last year and the post-pandemic high of 4.23% in November"Federal Reserve mouthpiece," Nick Timiraos stated: The U.S. unemployment rate fell to 4.01% in January, lower than the 4.09% in December last year and the post-pandemic high of 4.23% in November.