Bitcoin Tumbles Below $30K, Crypto Prices Buckle After Altcoin Frenzy on XRP Ruling
Ripple’s XRP was down 25% from its highest levels on Thursday.
Markets
Ripple’s XRP Ruling a ‘Milestone Win’ for Crypto Industry, Says J.P. Morgan
A summary judgment partially in favor of payments network Ripple represents a milestone win for the crypto industry and provides legal clarity as to what does and doesn’t represent a security, J.P. Morgan wrote in a research note Friday.
XRP Trading Volume Surges 1351% as Major Crypto Exchanges Embrace the Token
The spike in trading activity came after a partial win in a lawsuit against the SEC.
First Mover Americas: XRP Gains 66% on Ripple’s Partial Court Victory
The latest price moves in bitcoin (BTC) and crypto markets in context for July 14, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Crypto Markets ‘Highly Dependent’ on Stablecoins Lacking Transparency, TUSD Poses Risk: Kaiko
The rapidly growing TUSD, favored by crypto exchange Binance, poses risk to the market, according to the crypto research firm.
Argentina’s First Bitcoin Futures Contract Officially Goes Live
The product was approved by the South American country’s National Securities Commission in April.
Elon Musk’s New ChatGPT Competitor Boosts AI-Related Crypto Tokens
Tokens such as AGIX and FET saw modest bump after Musk announced new Artificial Intelligence (AI) company “xAI” to take on ChatGPT.
MATIC Surges 10% as Polygon’s 2.0 Upgrade Draws Closer
Matic, the native token of layer-2 blockchain Polygon, has surged by 10% from Monday’s low of $0.67 as traders anticipate the upcoming Polygon 2.0 upgrade.
Grayscale Bitcoin Trust Discount Narrows to Lowest Since May 2022
The discount has been narrowing on hopes the SEC might soon approve a spot bitcoin ETF.
Bitcoin Could Rise to $120K by End-2024: Standard Chartered
The bank previously said it expected the cryptocurrency to reach $100,000 by then.