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Bitcoin continues to shoulder the market, as digital asset inflows saw positive movement for the fourth consecutive week, with $137 million incoming. According to CoinShares, this brings the four-week total to $742 million — correcting the nine weeks’ worth of outflows before the streak began and marking the largest inflow run
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Given the current push for crypto regulation, the industry breathed a sigh of relief on July 13 as Ripple Labs scored a partial victory in its legal battle with the United States Securities and Exchange Commission (SEC) dating back to 2020.Judge Analisa Torres of the U.S. District Court for the
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XRP, SOL and LDO lost more than 5% in the last 24 hours. Source
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The July 13 ruling on the suit filed by the United States Securities and Exchange Commission (SEC) has led to unprecedented interest in the XRP token. In the few days since the court decision, a jump in XRP (XRP) trading has seen it surpass all other cryptos in monthly volume, according to
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“Ethena is building the holy grail of stablecoins: a coin that is truly stable, decentralized, and capital-efficient,” said Dragonfly general partner Tom Schmidt in the press release. “Stablecoins have grown massively in popularity over the past few years by providing access to USD-denominated savings and remittances for people around the
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The next phase of the ‘SEC vs Ripple’ case is set to move forward as U.S. District Judge Analisa Torres of the Southern District of New York filed paperwork on July 17 referring the case to Magistrate Judge Sarah Netburn.First reported by journalist Eleanor Terrett, the court issued an “amended
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“We view the ruling as incrementally positive for Coinbase, given the interpretation that in some cases a token may not be a security,” the bank's analysts wrote, keeping COIN’s rating at underweight with a $70 price target. "This may also provide incremental clarity for future token issuances.” Source
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Bitcoin remains stuck inside a narrow range, making it difficult to predict the direction of the next possible breakout. The U.S. Dollar Index (DXY), which generally moves in inverse correlation to Bitcoin (BTC), dropped below 100, but that has failed to propel Bitcoin higher. This suggests that Bitcoin is charting its
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Global cryptocurrency exchange Binance reportedly cut back on certain benefits to its employees in June amid reevaluation efforts at the firm.According to a July 17 report from The Wall Street Journal, Binance said it had stopped offering reimbursement to employees for certain expenses including use of mobile phones, fitness, and
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Ripple's XRP Ruling Does Nothing for Regulatory Clarity Source
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