Cointime

Cointime

Download App
iOS & Android
Home / Point

XRP Surges 7.5% Amid Expectations of Favorable Ruling in SEC v. Ripple Legal Battle

XRP has seen a 7.5% increase in price over the past week, with a current market valuation of $25.97 billion. This is likely due to the community's anticipation of a favorable ruling in the ongoing legal battle between Ripple and the U.S. SEC. While there is no official verdict date, Ripple's CEO is confident that a decision will come within weeks. Pro-XRP lawyers speculate that the summary judgment decision will favor Ripple and XRP holders, potentially leading to the coin being listed on U.S.-based exchanges and causing its price to surge.

XRP XRP $0.51
+4.66%
XRP
Comments

All Comments

Recommended for you

  • CZ: Bitcoin halving is different from stock split, happy halving

    CZ wrote on X platform that Bitcoin halving is different from stock splitting. The fact that people are asking such questions shows that we are still in the early stages. He then attached a picture to explain his views on what might happen before and after the Bitcoin halving in 2023, and said "happy halving!"

  • Elon Musk: Accounts involved in farming activities will be frozen, including directing users to forward, comment and like posts

    Elon Musk posted on X platform stating that all accounts involved in farming activities will be frozen and tracked. DogeDesigner provided a detailed explanation, stating that farming activities include guiding users to like, share, or comment on posts to receive rewards; joining groups and commenting on each other's posts; and guiding users to @ other related accounts.

  • Chairman of the Russian State Duma Financial Market Committee: Digital financial assets may replace legal tender for international payments

    Anatoly Aksakov, Chairman of the Financial Market Committee of the State Duma of Russia, stated that digital financial assets issued by institutions regulated by the central bank can replace legal channels for international settlements. Aksakov also acknowledged that although digital assets are not controlled in this usage, they have been used for international payment settlements.

  • Insider: CZ giving up voting control of Binance FZE is the final step to obtain Dubai VASP license

    Binance recently obtained a comprehensive cryptocurrency license in Dubai, which is the result the company has been seeking for a long time. The condition is that Binance co-founder Zhao Changpeng (CZ) agrees to relinquish voting control over the local entity. Binance CEO Richard Teng confirmed the news in an interview on Thursday.

  • IMF report: BTC has become a necessary financial tool to preserve wealth in times of financial instability

    A new report from the International Monetary Fund (IMF) shows that BTC is becoming an increasingly important channel for cross-border capital flows amid global financial instability. According to the IMF, residents of countries with strict financial regulations are turning to Bitcoin to transfer capital more freely across borders. The report highlights the large trading volumes from countries such as Argentina and Venezuela, whose citizens face rampant inflation and strict financial controls. In these regions, Bitcoin has become a necessary financial tool for preserving wealth and accessing global markets, rather than just a speculative investment. The report's authors state that Bitcoin transactions provide individuals in high inflation countries with a stable savings option and a way to participate in global commerce that their local currency cannot achieve.

  • Fed's Kashkari: Rate cuts may have to wait until 2025

    Kashkari of the Federal Reserve stated that the resilience of the US housing market surprised him; once inflation continues to fall back to 2%, we can lower interest rates; we need to be patient and wait until we are sure that inflation is declining; it may be necessary to wait until 2025 to lower interest rates; as political heat rises, the Federal Reserve is more focused on its own mission.

  • Inflation remains sticky, Powell hints at delaying rate cuts

    Federal Reserve Chairman Powell said that recent inflation data suggests that the central bank may need more time to gain confidence in cutting interest rates. Powell pointed out that there has been no further progress in inflation after experiencing a rapid decline at the end of last year. He said that as long as there is a need, the Fed can maintain stable interest rates if price pressures persist. He stated that given the strong labor market and the progress made in inflation so far, it would be appropriate for the Fed to allow restrictive policies more time to take effect, guided by data and changing prospects.

  • Bloomberg: This Bitcoin halving may have an impact of about tens of billions of dollars on cryptocurrency miners

    Bloomberg stated that the next Bitcoin "halving" is expected to occur around April 20th. This will result in a 50% reduction in the amount of Bitcoin that miners can earn through verifying transactions each day. The upcoming Bitcoin halving could cause a loss of billions of dollars for cryptocurrency miners. In addition, competition for discounted electricity among artificial intelligence companies is becoming increasingly fierce, which will also lead to a decrease in revenue for Bitcoin mining companies after costs soar.

  • US Treasury asks politicians to give it more enforcement powers to sanction cryptocurrency exchanges

    Adewale O. Adeyemo, Deputy Secretary of the U.S. Treasury, said in written testimony before a Senate hearing on Tuesday, "Our concern is that actors are increasingly finding ways to use virtual currencies to conceal their identities and transfer resources." The U.S. Treasury is calling on politicians to give it more enforcement powers to combat foreign encryption service providers as part of its goal to protect national security. Adewale O. Adeyemo also claimed that Hamas and the Palestinian Islamic Jihad group obtained encrypted currency from Iran.

  • A total of 800 million XRP were locked to Ripple custody addresses this morning, worth approximately $476 million.

    According to Whale Alert monitoring, a total of 800 million XRP were locked in three transfer transactions to Ripple's custody address this morning, with a value of approximately 476 million US dollars.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company