October 20th, Ripple's Chief Legal Officer Stuart Alderoty posted on social media stating that "the U.S. Securities and Exchange Commission made a serious mistake when charging Brad & Chris individually. Now they have surrendered and dismissed all charges against our executives. This is not a settlement. This is the SEC's surrender." Earlier today, the U.S. SEC dropped all charges against Ripple CEO Brad Garlinghouse and Executive Chairman Chris Larsen.

The U.S. Securities and Exchange Commission has dropped claims against two executives of Ripple Labs in its lawsuit alleging the blockchain company violated U.S. securities law. The agency is dropping claims that Ripple Chief Executive Brad Garlinghouse and co-founder Chris Larsen aided and abetted sales of the cryptocurrency XRP which a judge has found amounted to unregistered sales of securities. The SEC accused Ripple of illegally raising more than $1.3 billion in an unregistered securities offering by selling XRP in its December 2020 lawsuit. U.S. District Judge Analisa Torres granted Ripple a partial win in the case in July, finding that sales of XRP on public exchanges were not unregistered securities offerings.

Lawyer John Deaton, a proponent of XRP, has commented on the recent change in the SEC's tone regarding spot Bitcoin ETFs, suggesting that Gary Gensler may have personal reasons for the shift. Deaton believes that while Gensler's perspective on Bitcoin may not have changed, the SEC's recent court loss and criticism from federal judges may have influenced the change in tone.

Roblox has denied rumors that it will support XRP payments for in-game items, despite claims that spread on social media. The rumors began when payments processor BitPay tweeted that users could use Ripple's XRP token for Xsolla payments in supported games, including Roblox. However, BitPay later deleted the tweet, citing an error. Roblox representatives confirmed that the claims are false and that the only payment options available for in-game currency are credit card, debit card, gift card, PayPal, Venmo, Klarna, CVS Pharmacy payments, or a Paysafecard.

BitPay, a well-known cryptocurrency payment service provider, has teamed up with Xsolla, a global video game commerce company, to incorporate the XRP token. Xsolla now accepts XRP as a payment method for games such as Smitegame and Roblox, demonstrating the growing relevance of cryptocurrency in the gaming industry. BitPay will facilitate the integration of XRP, ensuring smooth connections with cryptocurrency wallets for users of the gaming platforms. This partnership began in 2014 when Xsolla started processing Bitcoin payments via BitPay and has since expanded to include various cryptocurrencies.

Ripple released a new job posting on October 16th for a "Senior Manager, Shareholder Communications" position in various locations within and outside of the United States. This job posting has led many cryptocurrency enthusiasts to view it as an official hint of the company's plans to go public. The job posting outlines the position's requirement for direct communication with shareholders, a concept typically associated with public companies. The selected candidate will be responsible for developing communication and relationship management strategies for "existing and potential investors, existing shareholders, and financial analysts", and implementing them. The job description emphasizes that the candidate must develop strategic plans specifically tailored to "mergers and acquisitions, investments, liquidity events, and other significant moments". The responsibilities of the Senior Manager of Shareholder Communications include creating investor-centric materials such as "presentations, overviews, case studies, and analyses". These documents help inspire and educate potential investors about the company's prospects and performance, and are a necessary component of the initial public offering (IPO) preparation process. The position also includes maintaining the shareholder database and managing quarterly updates and other daily communications.

According to Whale Alert monitoring data, at 16:05 today Beijing time, 409,776,402 XRP were transferred from Bitvavo to an unknown new wallet.

On October 17, the XRP crypto caught the attention of investors due to two large transfers totaling $52 million reported by Whale Alert. Ripple, the company behind XRP, made these transfers, sparking speculation about their intentions and connection to crypto exchanges. The first transfer of 75 million XRP, worth $36.9 million, was sent from Ripple to an unknown wallet, leading to speculation that the wallet may be connected to the company.

Stuart Alderoty, Ripple's Chief Legal Officer (CLO), discussed cryptocurrency regulation in the United States. Alderoty stated that we need to stop prioritizing politics over sound policy in the United States and focus on the clear frameworks and licenses developed by Singapore, the UK, the EU, and Dubai. Alderoty explained that countries and regions outside the United States have "reasonable" cryptocurrency regulations, citing Singapore, the UK, the EU, Dubai, Brazil, Australia, and Japan as examples. He emphasized that these countries have "reasonable regulatory frameworks that do not necessarily drive innovation, but instead say, hey, look, if you want to come into our country and develop this innovation, you can do it as long as you meet our strict regulatory regime." In contrast, in the United States, we have lost our way because our politics and power are above sound policy. Certain institutions in the United States are fighting for technical control from a regulatory perspective, rather than focusing on the right policy outcomes.

According to a report by WallStreetBulls, some of the top 5 global banks have started using XRP through Volante, a leading provider of cloud payments and financial solutions. WallStreetBulls believes this is a significant update for the XRP community and the cryptocurrency industry. An article published by WallStreetBulls points out that the integration of Volante with Ripple's real-time payment network has completely changed cross-border transactions. Some of the benefits listed by Volante (which their solution will provide for integrated users) include real-time/instant payments, ISO 20022 messaging, open banking, APIs, next-generation cross-border and blockchain/DLT.

Ripple's Chief Technology Officer, David Schwartz, made a statement in a video shared by the Flip The Chain team yesterday (October 13, 2023), stating that due to low transaction fees and seamless integration with the on-chain trading mechanism, the XRP Ledger can become a good platform for launching tokenization protocols. Schwartz emphasized that when interacting with real-world assets, users especially want to be able to buy, sell, store, and transfer assets without relying on fiat currencies such as the US dollar. Therefore, XRPL DEX will provide all market participants with the necessary degree of access.

The XRP cryptocurrency has been in the spotlight due to the ongoing XRP lawsuit and recent whale activity. Whales have dumped 55 million XRP onto two exchanges, causing a decline in the cryptocurrency's value. However, some speculate that the transfers were made for Ripple's ODL operations via Bitstamp. Despite this, XRP has remained in negative territory due to market uncertainties and has experienced an 8% slump over the past week. The transfers have sparked discussions and speculations in the crypto community.

According to monitoring data from Whale Alert, at 04:25:00 Beijing time, 30.3 million XRP (about 15.21 million US dollars) was transferred from an unknown address to the Bitstamp cryptocurrency exchange.

On October 9th, according to Whale Alert, 60 million XRP (approximately $30,985,299) was transferred from Ripple to an unknown wallet at 13:29 Beijing time.

As Ripple awaits the final conclusion of its legal case with the SEC, commentators have shared their opinions. Lawyer Bill Morgan believes that Judge Analisa Torres' decision on the SEC's appeal request should be coming soon, and a delay could be a bad sign for the SEC. Morgan also clarified that the NYDFS delisting of XRP does not equal a ban and does not prevent approval for custody or sale. He believes that Ripple is winning the regulatory battles overall and globally, but the SEC's stance on XRP sales remains a problem.

Crypto strategist Michaël van de Poppe has shared his predictions for XRP, Chainlink (LINK), and Worldcoin (WLD). Van de Poppe is waiting for XRP to show signs of strength and is looking for a breakout above $0.54, which could lead to a rally above $0.70. He believes that LINK is likely to continue its bullish trend and could soar as high as $8.59, with potential entry points at $6.15-6.40. As for WLD, Van de Poppe sees opportunities for short-lived rallies and suggests entry points at $1.35 or $1.11.

The New York Department of Financial Services (DFS) has removed Ripple and Dogecoin from its "greenlist" of approved cryptocurrencies, while Bitcoin, Ether, and the PayPal Dollar remain. The DFS has positioned itself as a leader in digital asset regulation, with its BitLicense program and virtual currency unit.

Major cryptocurrencies saw positive performance on Monday, September 18, with investors regaining confidence in digital currencies. Bitcoin's price rose 0.15% to $26,585.27 over the last 24 hours, while Ethereum's price remained flat at $1,629.15. XRP's price increased by 0.11% to $0.4973, and Litecoin's price added 1.06% to trade at $64.63.

XRP's price has risen by 3% to reach $0.5, thanks to positive US CPI data and a new Bitcoin ETF filing by Franklin Templeton Investments. The cryptocurrency has broken out of a falling wedge pattern and could potentially reach $0.7. Ripple is planning to hold a "Proper Party" on September 29 to celebrate its win against the SEC, with potential announcements including an IPO.

According to Fortune magazine, Scott Purcell, founder and CEO of Web3 licensed trust company Fortress Trust, stated that Fortress Trust lost between $12 million and $15 million in cryptocurrency in a recent hack, most of which was Bitcoin, as well as a small amount of USDC and USDT.