Ripple Executes Transfer of 50 Million XRP Tokens
Ripple Labs transfers 50 million XRP tokens, valued at $25.7 million, to an undisclosed wallet, following a similar move last week. Market speculation ensues. XRP remains stable at $0.5114.
Huang BoRipple Labs transfers 50 million XRP tokens, valued at $25.7 million, to an undisclosed wallet, following a similar move last week. Market speculation ensues. XRP remains stable at $0.5114.
Huang BoMay 30 sees a pivotal public hearing in the Ripple Labs class action lawsuit, addressing motions to exclude testimonies and a summary judgment motion. Implications extend to the broader legal landscape, including the SEC v. Ripple case. Ripple CEO's recent comments stir market speculation, while XRP trades at $0.51 with slight declines.
EdmundRipple's XRP whales accumulate 110 million XRP amidst legal battles, signaling confidence. Despite challenges, market sentiment rises with XRP's price up 1.8%. Legal uncertainties linger, impacting future trends and investor focus.
Xu LinRipple sells 150 million XRP from reserves, totaling $75 million, inflating supply by 0.25%. This contributes to an estimated yearly inflation rate of 4.35%. Historical data shows Ripple's sell-offs often lead to local price crashes for XRP. Current market situation sees XRP trading at $0.507, down nearly 7% post-sell-off, with weak momentum indicated by RSI. Monitoring Ripple's activities crucial for understanding XRP's price and market dynamics.
EdmundRipple's CEO predicts US government scrutiny on Tether, sparking a clash between the two companies amidst Ripple's own stablecoin launch.
WeatherlyRipple seeks to seal documents in SEC lawsuit, citing sensitive financial data. Concerns include competitive harm and preservation of negotiating power. Legal precedent and industry support bolster Ripple's case. XRP trades at $0.507 amidst ongoing legal proceedings.
Xu LinXRP derivatives trading volume surges 194% in 24 hours, reaching $831.89M. Spot market sees 130% increase to $878.89M. Combined turnover hits $1.7B, 6% of XRP's $28B capitalization. Surge coincides with pivotal date in Ripple v. SEC case, with parties filing motions to seal materials related to remedies briefing. Anticipation grows amid legal battle's impact on XRP's future.
Xu LinRipple CEO Brad Garlinghouse warns of potential consequences as the U.S. government focuses on Tether, fearing another crypto black swan event. Regulatory scrutiny on Tether raises uncertainty in the crypto market, while Ripple plans its own stablecoin launch. Tether faces ongoing investigations amid concerns over reserve transparency.
Huang BoXRP sees slight 0.46% increase in 24 hours, signaling cautious uptrend. Short-term outlook bears $0.5135 support level; breach may test $0.51. Medium-term lacks reversal signals; breach of $0.51 could lead to $0.48-$0.50 range. Weekly bar nears bearish close, potentially testing $0.4780. XRP at $0.5130.
Xu LinSEC's reply brief in Ripple lawsuit anticipated for May 6, 2024. Analysts expect SEC to strengthen claims for remedies, including potential injunction. Outcome holds significant implications for Ripple and crypto market sentiment.
Xu LinThe recent surge in XRP whale activity and growing investor interest indicate a potential positive shift in the XRP market. While predictions of a substantial price surge persist, the current trading status suggests a cautious approach. Investors and enthusiasts will be closely monitoring market developments for further insights.
BerniceThe initial week of the trial of SBF has brought to light a narrative fraught with allegations of deception, mismanagement, and suspected wrongdoing.
CatherineThe trial is expected to last several weeks, though most expect it to conclude before Thanksgiving in late November.
AlexForever entangled in a legal drama, Sam Bankman-Fried has proven again his inability to sit still by appealing judicial ruling that resulted in his pre-trial detention.
CatherineThe United States House of Representatives Financial Services Committee has set the date for the hearing on cryptocurrency, aiming to its future and bring clarity to the digital assets ecosystem.
BitcoinistDeadline extensions and auctioning distressed assets are on the schedule along with Sam Bankman-Fried’s attorneys entering the chat during the next FTX bankruptcy hearing.
decryptAlthough it took more than a week to schedule FTX’s first bankruptcy hearing, it did finally happen. The live tweets detailed what went on.
CatherineThe Merge is a great example of the benefits of blockchain technology and it deserves attention from Congress.
Coindesk