According to Ripple CEO Brad Garlinghouse, the United States is currently one of the worst places to launch a cryptocurrency startup. Garlinghouse believes that the US needs to take note from countries like Singapore, the United Kingdom, the United Arab Emirates, and Switzerland by enacting policies that encourage crypto innovation while protecting consumers.

Bitcoin's price has risen from its weekly low of $25,000 and is testing short-term resistance at $26,400 for the second time this month. The Moving Average Convergence Divergence (MACD) indicator suggests that expected gains to $28,000 may be sustained this time. However, some analysts believe that there is still room for another dip, potentially to $22,000, before a bull market. The crypto market is experiencing shrinking liquidity due to concerns about regulation and the popularity of DeFi and staking platforms.

The SEC has filed a memorandum in support of its motion for an interlocutory appeal and against Ripple's request to reject an interlocutory appeal. Ripple's chief legal officer, Stuart Alderoty, has criticized the filing as a "hypocritical pivot" and accused SEC Chairman Gary Gensler of being manipulative and power-hungry.

Ripple has acquired Fortress Trust, a company that provides regulatory and technology infrastructure for blockchain organizations and holds a Nevada Trust license for financial asset custody. This acquisition expands Ripple's portfolio of regulatory licenses in the United States, which already includes over 30 licenses as a money transmitter and a BitLicense in New York. <br>

Payment company Ripple is partnering with Jared Isaacman, a partner of SpaceX, a space exploration technology company owned by Elon Musk, to participate in the XRP and cryptocurrency donation project for the Mozambique Island Emergency Fund. XRP has been added as one of the cryptocurrency donation options for charities on The Giving Block, a provider of cryptocurrency donation solutions.

According to digital asset research firm Kaiko, data from crypto exchanges suggests that large traders in the US drove buying demand of XRP after Ripple won a partial court victory over the SEC in July. Kaiko found that Upbit and OKX witnessed the strongest selling pressure for XRP in August, while Coinbase saw stronger levels of buying.

In recent Twitter Spaces titled "What happened to XRP," Ripple's chief technology officer David Schwartz said, "One crazy assumption I have about digital assets is whether countries are aware that the US dollar will not always be a reserve currency."

According to a new report from cryptocurrency market data provider Kaiko, after a US court ruled that Ripple's XRP was not a security in secondary market trading, XRP saw a rise in July but was unable to maintain the momentum.&nbsp;

According to Whale Alert data, at 02:55 today, 29,700,000 XRP ($15,040,591) was transferred from an unknown wallet to Bitstamp.

The SEC's arguments in its enforcement actions against crypto companies have been criticized by judges as "arbitrary and capricious" and "hypocritical." XRP lawyer John E. Deaton has highlighted the SEC's inconsistency and hypocrisy, which has been noticed by federal judges and both chambers of the U.S. Congress.

The US Securities and Exchange Commission (SEC) held a closed-door meeting on Thursday, August 31, 2023. There are rumors that this confidential meeting may involve a settlement with Ripple. The "Sunshine Act Notice" issued by the US Securities and Exchange Commission afterwards provided limited details about the meeting and left room for market speculation.

A document released by Fox Business reporter Eleanor Terrett shows that Ripple has filed a motion opposing the SEC's interim appeal.

Ripple's development team RippleX has proposed a significant modification to the XRP Ledger (XRPL) in order to enhance trust and security. This feature, appropriately named "Clawback", aims to provide issuers with enhanced control over their distributed assets, addressing regulatory requirements and unforeseeable challenges.

Data shows that at 8:00 a.m. Beijing time today, Ripple unlocked 200,000,000 XRP (worth about $102,149,352).

Ripple is currently recruiting talent and has established a new full-time position: Senior Expert in Global Customer Due Diligence. The position is based in the United States, and the new employee will join Ripple's global anti-money laundering and sanctions compliance team to conduct due diligence and reduce reputation, regulatory, and sanctions risks associated with the company's institutional clients, corporate partners, and trading counterparts.

Whale Alert has reported a transfer of 31 million XRP, worth $16.5 million, from Ripple to an unknown wallet. Another transfer of 27.6 million XRP was made from an unnamed wallet to Bitstamp, a major cryptocurrency exchange. Despite bearish sentiment across the cryptocurrency market, XRP has seen promising price gains within the last 24 hours, trading at $0.5335 with an almost 3% increase, partially due to Grayscale's recent court victory over the SEC. The outcome of the SEC v. Ripple lawsuit will continue to impact XRP's trajectory.

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.

August 28th, Hikmet Ersek, CEO of payment giant Western Union, announced in a recent conference call that they have partnered with blockchain technology company Ripple and will trial the payment solution xRapid that combines the use of XRP.

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.

According to lawyer John E. Deaton, former SEC officials Bill Hinman and Jay Clayton should have classified XRP as a non-security in the first year of the SEC's lawsuit against Ripple Labs, but the SEC has intentionally denied this for years. Deaton believes that Hinman needs to testify in court, but there is no opportunity to legally summon former SEC Chairman Jay Clayton to participate in the trial. He said that the SEC's assistance and instigation charges against Garlinghouse were a mistake, especially considering that Clayton wanted to sue executives personally in a "non-fraudulent" situation. Deaton added that Clayton is actually an important witness and should testify in court. After Hinman's speech, Clayton met with Ripple's CEO and CTO. However, neither Clayton nor Hinman explicitly stated that XRP was classified as a security. Deaton believes that the clarification from both individuals would undoubtedly save litigation costs.&nbsp;