TL;DR Bitwise's Strategic Pivot: Bitwise Asset Management has filed for an XRP ETP (Exchange-Traded Product) instead of an ETF, aiming for smoother regulatory approval. Market Reactions: The filing led to a surge in XRP transaction volume and whale activity, indicating strong interest from traders and institutional investors.

As is now known, the SEC has officially appealed its case against Ripple following a historical ruling on Aug. 7, in which Ripple was ordered to pay a $125 million civil penalty, which was a lot less than the $2 billion the regulator was asking for. The motive is that the district court's decision goes against long-standing Supreme Court precedents and established securities laws.

The 2024 U.S. presidential election looms, discussions about its impact on the cryptocurrency market have taken center stage. Among the voices weighing in is Eric Balchunas, a notable analyst at Bloomberg.

Whale activity, transaction volume, and Social Dominance can drive XRP's Q4.

The US Securities and Exchange Commission has filed a notice of appeal against Ripple Labs, the creator of the Ripple XRP cryptocurrency. The appeal, filed in the Southern District of New York, suggests the long-runnin, high-profile dispute between Ripple and the US securities watchdog had not been put to bed yet.

After the United States Securities and Exchange Commission (SEC) reignited the legal fight against blockchain company Ripple over its sales of XRP (XRP) with an appeal to a key ruling, many are wondering about the token's future and artificial intelligence (AI) algorithms are not optimistic.

As the U.S. Securities and Exchange Commission (SEC) officially appeals the Ripple case, the XRP community is now focused on a series of crucial dates that could shape the outcome of this long-standing legal battle.

XRP price has noted a sharp decline today, declining more than 15%, after a recent breakout attempt. This price slump has sparked discussions in the digital assets space, especially amid a downturn momentum noted in the broader crypto market.

Bitwise has registered with the Delaware Division of Corporations for the establishment of a new entity called “Bitwise XRP ETF.”

Ripple CEO Brad Garlinghouse did not mince words in a recent post about the SEC's continued pursuit of its lawsuit against Ripple. Garlinghouse expressed deep frustration with the SEC, particularly its Chair Gary Gensler, stating that if the agency were rational, they would have dropped the case long ago.

XRP plunges 12.75% as the SEC's Ripple lawsuit appeal and rising Middle East tensions spark uncertainty, leading to a one-month low of $0.511.

XRP (XRP) shed double digits as Bitcoin struggled near $61k, with crypto a sea of red heading into the US trading session. This comes as investors react to geopolitical events in the Middle East and news of US Securities and Exchange Commission (SEC)'s move to appeal a court ruling in the Ripple case.

Ripple may have abandoned its price rally after the U.S. Securities and Exchange Commission (SEC) filed an appeal against the recent court ruling ordering the company to pay a $125 million fine. This move has re-ignited discussions about XRP's future, coinciding with Bitwise Asset Management filing for an XRP ETF in Delaware.

Ripple vows to fight the SEC appeal for as long as necessary. Ripple's legal team is evaluating a potential cross-appeal.

Could XRP's price surge to over $6 if history repeats?

Asset management firm Bitwise filed Form S-1 for XRP ETP with the U.S. Securities and Exchange Commission (SEC) on October 2nd. The filing indicates that once approved, the proposed fund will hold XRP on its own.

Bitwise XRP ETF filing amid Ripple SEC lawsuit was a major development today since the future of XRP remains uncertain

A recent surge could fuel a breakout for XRP, but traders should still remain cautious.

Although the prolonged courtroom standoff between blockchain company Ripple and the United States Securities and Exchange Commission (SEC) may be over, the regulator does not seem keen on giving up just yet, and it has recently appealed the key ruling in the case.

XRP's price crashed hard toward $0.5 after the SEC's appeal.

The SEC has appealed a court ruling favoring Ripple Labs in their ongoing legal battle over XRP's status as a security, causing the cryptocurrency's price to drop while Ripple vows to continue fighting and considers a cross-appeal.

Ripple's XRP token has experienced a sharp decline, losing over 10% of its value in the past 24 hours. The price drop follows the United States Securities and Exchange Commission's (SEC) filing of a notice of appeal on October 2, challenging the previous judgment in favor of Ripple.

The U.S. Securities and Exchange Commission (SEC) has moved to challenge the court's ruling in its ongoing case against Ripple Labs, according to a report by Nikhikesh De for CoinDesk.

Ripple's Chief Legal Officer, Stuart Alderoty, criticized the SEC's appeal, calling it an extension of the agency's “litigation warfare”.

Unlike last year, this time the SEC has decided to appeal, and Ripple in fact admits that it expected it.

Ripple Labs will fight the United States Securities and Exchange Commission's appeal of the court ruling that determined retail XRP sales were not in violation of securities laws. In an Oct.

The ongoing Ripple-SEC legal battle took another turn as the U.S. Securities and Exchange Commission (SEC) officially announced its appeal of a federal judge's ruling against the agency. The appeal comes just two months after Judge Analisa Torres issued her final judgment in the SEC's four-year-old case against Ripple.

The US Securities and Exchange Commission (SEC) has opted to appeal a crucial court ruling that categorizes XRP tokens as non-security. This appeal had a direct impact on the price of XRP tokens.

The U.S. Securities and Exchange Commission (SEC) filed a notice of appeal against the historic ruling by Judge Analisa Torres in the Ripple case.

The SEC appealed a 2023 ruling in its lawsuit against Ripple, seeking to overturn Judge Torres' decision that XRP token sales in secondary markets did not qualify as securities.

Bitwise Asset Management has boosted community confidence by filing for XRP ETP. Earlier the firm made announcements about launching an ETF, however amidst the ongoing SEC vs Ripple case, they decided to go with the ETP option. The market intelligence platform Santiment shared insights about XRP ETP filling by Bitwise.

Ripple, a key player in the cryptocurrency arena, has made significant strides by securing an in-principle financial services license from the Dubai Financial Services Authority (DFSA). This crucial approval allows Ripple to broaden its footprint in the United Arab Emirates (UAE), further enhancing its capacity to deliver cross-border payment solutions.

Just as optimism was about to surge, clouds rolled in, pushing prices lower.

PLUS: AI tokens not moving despite a $6.6 billion fundraise from OpenAI.

Bitwise has taken a significant step by filing for the first-ever Spot XRP ETF with the U.S. Securities and Exchange Commission (SEC). The trust, registered in Delaware, aims to provide investors with direct exposure to XRP's value, which will reflect the coin's price minus operational costs.

Market Overview: In the past day, the value of the world's cryptocurrency market has dropped to $2.14 trillion, a loss of -1.07%. This decrease is accompanied by a steep loss in trading volume, which is down -20.21%, amounting to $92.17 billion in 24-hour volume.

The SEC has decided to appeal against a 2023 ruling in the hotly contested legal battle against Ripple Labs that dismissed the agency's broader claims about XRP (CRYPTO: XRP) sales. What Happened: The SEC lodged a notice of appeal aiming to overturn a prior decision made by Judge Analisa Torres that deemed programmatic sales of XRP to retail clients as legal while ruling that sales to institutional investors violated securities laws.

After teasing a potential macro bullish breakout earlier this week, Ripple Labs-backed XRP price dropped over 11 percent in the past 24 hours to retest the crucial support level of around 54 cents on Thursday during the early Asian session.

Ripple, a digital asset infrastructure provider, has received approval to expand its operations in Dubai. The Dubai Financial Services Authority (DFSA) granted Ripple “in-principle approval” to offer its services from the Dubai International Financial Centre.

Ripple's native crypto, XRP price dropped by a massive 10% as the US Securities and Exchange Commission (SEC) announced that is taking the legal battle to the 2nd U.S. Circuit Court of Appeals. The commission is appealing a July 2023 ruling that declared XRP sold by Ripple Labs is not a “security”.

The crypto prices today have shown a set of mixed price actions, sparking investor speculations globally. Bitcoin (BTC) price rested at the $60K level today, whereas Ethereum (ETH), Solana (SOL), and XRP prices followed with a waning trajectory.

Ripple CEO Brad Garlinghouse stated that his company would fight in court "as long as it needs" in his Thursday statement regarding the U.S. Security and Exchange Commission's appeal.

The U.S. Securities and Exchange Commission (SEC) revealed on Wednesday its intention to challenge a federal judge's decision in the ongoing case against Ripple.

San Francisco-based fintech firm Ripple has vowed to keep battling with United States securities regulators following the latest appeal.

XRP price extended losses and tested the $0.5240 support level. The price is now consolidating and might struggle to start a fresh increase.

XRP's value dropped over 10% on Thursday after the SEC filed an appeal against the court's decision in its lawsuit against Ripple. This follows Judge Analisa Torres's final ruling on Aug. 7, imposing a $125m penalty on Ripple, far less than the SEC's initial $2b demand.

The United States Securities and Exchange Commission (SEC) filed a notice of appeal on Judge Analisa Torres' August 7, 2024, ruling in the court of appeal for the second circuit. The US SEC filed an appeal case against Ripple and its top executives led by CEO, Brad Garlinghouse, and the company's executive chairman Chris Larsen.