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news-imageOctober 27, 2024

Bitcoin ETF inflows, Ripple v. SEC, Tether's probe, renewed adoption | Weekly Recap

In today's edition of the weekly recap: Ripple files a cross-appeal in the SEC lawsuit; spot Bitcoin ETFs reach a new milestone; reports of Tether's probe; crypto sees renewed adoption. Ripple v.
Publisher: Crypto news
Sentiment: Neutral
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cover-imageThe Currency Analytics
October 27, 2024

Market Braces for Impact of Over $5 Billion in Expiring Bitcoin and Ethereum Options

The cryptocurrency market is poised for a significant shake-up as traders brace for the expiration of more than $5 billion in options for Bitcoin and Ethereum today. This expiration involves $4.25 billion in Bitcoin options and $1.01 billion in Ethereum options, signaling a potential volatility spike in the digital asset landscape.

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cover-imageUToday
October 27, 2024

Ripple v. SEC: XRP Future Still Unclear on State Level, Lawyer Confirms

In a recent development in the Ripple litigation in California, a U.S. District Court Judge issued orders on several motions, bringing further clarity to the ongoing lawsuit in which plaintiffs allege securities law violations by the cryptocurrency company. The parties involved in the XRP lawsuit have scheduled settlement talks as the court prepares for a pretrial conference on Dec. 19 and jury selection on Jan. 21, 2025.

Neutral
cover-imageThe Currency Analytics
October 27, 2024

Ripple Appeals $105M Judgment in SEC Lawsuit, Aiming to Transform Crypto Regulations

Ripple Labs has formally appealed a crucial $105 million judgment in its prolonged legal case against the U.S. Securities and Exchange Commission (SEC), marking a significant moment in the regulatory debate over cryptocurrency. Attorney Jeremy Hogan, who has closely followed the case, points out that Ripple's legal arguments have broader implications for the crypto industry, potentially challenging the SEC's framework and raising key questions around what constitutes an “investment contract.

Positive
cover-imageCointribune
October 27, 2024

Why Could Bitcoin Become An Essential Reserve Asset?

The Bitcoin Policy Institute recently published a report titled "The Case for Bitcoin as a Reserve Asset," suggesting that Bitcoin (BTC) be adopted by central banks as a global reserve asset. This proposal is based on several strong arguments that deserve special attention.

Positive
cover-imageUToday
October 27, 2024

Could $72,000 Move Be Next for Bitcoin?

In anticipation of the potential next major breakout Bitcoin is steadily rising toward the $72,000 mark. After successfully breaking through the upper limit of its prior declining channel Bitcoin has maintained its position above this level, which is encouraging and may signal additional upward momentum.

Neutral
cover-imageForbes
October 27, 2024

What Is Ripple (XRP)?

Learn about Ripple (XRP), a digital currency designed for fast, low-cost international payments. Discover how it works, its uses, and its impact on finance.

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cover-imageThe Currency Analytics
October 27, 2024

Ripple's Strategic Cross-Appeal Against the SEC: Four Key Issues Highlighted

Ripple Labs Inc. made headlines as it filed a detailed pre-argument appeal statement in its ongoing legal battle against the U.S. Securities and Exchange Commission (SEC). This filing outlines four major issues that Ripple seeks to challenge in its cross-appeal, marking a significant step in the company's efforts to clarify its position regarding the sale and classification of XRP.

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