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50 million XRP transferred from Crypto.com to unknown wallet

According to Whale Alert monitoring, 50,000,000 XRP (approximately $27,602,730) was transferred from Crypto.com to an unknown wallet.
50 million XRP transferred from Crypto.com to unknown wallet

26.7 million XRP transferred to Bitstamp

Whale Alert has monitored that at around 06:02 today Beijing time, 26,700,000 XRP (valued at about $14,829,710) was transferred from an unknown wallet to Bitstamp.

Two Whales Transferred Nearly 500 Million XRP, of Which 26.5 Million XRP Was Transferred From Ripple Labs to Bitstamp

According to Whale Alert, in the past 24 hours, two whale addresses have transferred nearly 500 million XRP. The first wallet transferred 412,334,412 XRP tokens, worth about $213 million, while the second wallet transferred 26,500,000 XRP, or $13 million. XRP transfers are sequential, and the 26.5 million XRP in the second transaction was sent by Ripple Labs to the cryptocurrency exchange Bitstamp.

XRP Ledger Wallet Xumm: Samsung Mobile Operating System Update Has Impact on Wallet Security Data Storage

Xumm, the XRP Ledger wallet, has issued an official announcement stating that the Samsung operating system update released on October 12th has damaged the secure data storage of Xumm Wallet, causing the app to be unable to open again after the update, especially for Samsung Galaxy S21 users.

XRP Lawyer Criticizes Lightning Network and Endorses 'Spend The Bits' Protocol

John Deaton, a legal expert and advocate for cryptocurrency, has criticized the Lightning Network and endorsed the 'Spend The Bits' protocol on the XRP Ledger as a superior alternative. Deaton, who is an angel investor and Chief Legal Officer for 'Spend the Bits', has previously praised the protocol as a faster and more secure way to spend Bitcoin than the Lightning Network.

SEC Drops Charges Against Ripple Labs Executives, XRP Surges by 7%

XRP saw a 7% surge in price after the SEC dropped its claims against Ripple Labs executives Brad Garlinghouse and Chris Larsen. The SEC had charged the two executives with violating US securities law for almost three years. However, the SEC submitted a letter to Judge Analisa Torres to dismiss the claim, stating that they did not have enough evidence to prove their case. XRP's price increase may also be due to positive developments in the cryptocurrency market as a whole, with other cryptocurrencies such as Solana also seeing price increases.

Bitcoin eyes $30K, XRP price jumps 6% after Ripple’s legal victory

Bitcoin keeps heading higher as BTC price strength flies in the face of a hawkish Fed, but concerns over a retracement are building.
Bitcoin eyes $30K, XRP price jumps 6% after Ripple’s legal victory

XRP Jumps as SEC Drops Charges Against Ripple's Top Leaders

XRP experienced its best daily percentage gain in three months after the SEC dropped securities-violations charges against Ripple's top leaders. The world's fifth-largest digital asset rose 6.5% to 52 cents before pulling back to 51 cents at press time. The SEC agreed to dismiss allegations against Ripple CEO Brad Garlinghouse and co-founder Chris Larsen, months after the Southern District of New York said Ripple's offer and sale of XRP on digital asset exchanges did not violate securities laws.

Deaton Reacts To SEC's Change of Mind Regarding Spot Bitcoin ETF

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.