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The rising flows into Toronto-based Purpose’s spot bitcoin ETF, which received approval by Canadian regulators in 2021, reflect strong appetite among retail investors for these types of products and are a promising sign for U.S. companies who have recently filed spot BTC applications with the SEC.
Along with XRP’s strong week, 172 of 186 CoinDesk Indices assets finished in positive territory
Ripple's XRP was down 25% from its highest levels on Thursday.
The fight for regulatory clarity isn’t over yet, however, as the SEC will likely appeal the decision and continue to pursue similar cases in the future, analysts wrote.
The spike in trading activity came after a partial win in a lawsuit against the SEC.
The trading volume of XRP against the Korean won was the highest among all other counterparts .
Identifying the owners of crypto wallets may level the playing field for retail traders. But if taken too far it could be weaponized against the weak.
The latest price moves in crypto markets in context for July 14, 2023.
The surge in the crypto exchange’s share price was driven largely by investors who saw the decision as a representing a rejection of the SEC’s argument in the lawsuit it filed against Coinbase in June, the report said.
XRP's market capitalisation surged by more than 60% to $41.44 billion in the past 24 hours.
- 15:07Nearly 400 million CHZ have been transferred from Chiliz to CEX, valued at approximately 20 million US dollarsChain data monitoring, about three minutes ago, Chiliz transferred 399,999,000 CHZ tokens into the CEX exchange, approximately equivalent to 20 million US dollars.
- 15:06SWARMS briefly broke through 0.06 USDT, with a 24-hour increase of 30%Bitget market data shows that SWARMS briefly broke through 0.06 USDT, currently reported at 0.05859 USDT, with a 24H increase of 30%.
- 14:34Federal Reserve's Goolsbee: There is still a lot of work to be done to achieve 2% inflationFederal Reserve Goolsbee: Monetary policy should be separated from administration. There is still a lot of work to do to achieve 2% inflation.