Balita sa Industriya ng Crypto at Market Trends

Crypto Strategist Says Groundbreaking XRP Court Ruling Will ‘Breathe New Life’ Into One Ethereum Rival

crypto Ethereum　　Crypto Strategist Says Groundbreaking XRP Court Ruling Will ‘Breathe New Life’ Into One Ethereum Rival　　Balita ng Ethereum ng Bitcoin　　A widely followed crypto trader says that the XRP court ruling could ignite a huge rally for one large-cap Ethereum (ETH) rival.　　Pseudonymous analyst na si Pentoshi nagsasabi his 697,300 Twitter followers that Solana (SOL) is showing new life after breaking out of a descending triangle pattern.　　He says that Thursday‘s XRP court ruling, which said the token wasn’t a security when sold on exchanges, could keep the trend reversal going.　　Pinagmulan: Pentoshi / Twitter　　News of the XRP ruling sent Solana up from Thursdays low of $21.49 to a high of $30.05, a more than 39% increase.　　At time of writing, Solana is trading for $28.96, up more than 92% in the last 30 days.　　Solana collapsed in price when the U.S. Securities and Exchange Commission (SEC) labeled SOL and other altcoins securities in its lawsuit against Coinbase last month. But Thursday‘s ruling calls into question the SEC’s label of altcoins like SOL as securities.　　Pentoshi is also weighing in on Bitcoin, predicting a bull rally in the long term as the king crypto continues to consolidate in the range between $25,000 and $32,000　　Ang negosyante sabi ni

2023-07-14Ethereum

ADA, MATIC and ETH Are Not Securities, Suggests Analyst After Judges Ruling

Judges ruling in Ripple case is fundamental event that sets precedent for whole industry　　In a recent legal battle that shook the cryptocurrency world, a U.S. judge ruled that Ripples sales of XRP do not constitute an offer of investment contracts. This unexpected development has spurred discussions as to whether other top cryptos, such as Ethereum (ETH), Cardano (ADA) and Polygon (MATIC), could also be considered securities.　　The ruling by the U.S. District Court Judge was a significant milestone in the ongoing legal tussle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). The judge stated that while institutional sales of XRP by Ripple were deemed securities, the crypto token sold to the public may not be classified as such. This critical distinction left the door open for Ripples XRP, and by extension, potentially other cryptocurrencies, to evade the label of being a security.　　Pinagmulan: TradingView　　Following the ruling, a prominent cryptocurrency analyst suggested that if XRP is not a security, neither are ETH, ADA, MATIC and others. The analyst‘s assertion is not a legal opinion but rather an intuitive deduction based on the recent ruling. If XRP, which has been under the SEC’s scrutiny for a while, can be considered a

2023-07-14Ethereum

Celsius Founder Dumped His CEL Holdings Before Arrest, Now Fined for $4.7 Billion

Alex Mashinsky got rid of his CEL stash way before he was arrested and sued　　As the details of the recent arrest of the Celsius founder and the lawsuit of the SEC against him continue to emerge, “Smart Money” wallet tracker @lookonchain has reported that Alex Mashinsky dropped a large amount of Celsius (CEL) tokens as early as the start of the winter this year.　　In February, Mashinsky dumped all of his stash of 90,000 CEL for 48,018 USDC. After that, he moved these stablecoins to the Coinbase exchange.　　Now, the mans wallets contain as little as approximately $5,000 in cryptocurrencies.　　Former Celsius CEO Alex Mashinsky sold all 90,000 $ CEL para sa 48,018 $ USDC on Feb 11, then deposited all 48,018 $ USDC sa #Coinbase.　　Currently, 9 wallets of Alex Mashinsky only hold ~$5K in assets.　　— Lookonchain (@lookonchain) Hulyo 13, 2023　　As covered by U.Today earlier, today Mashinsky was arrested as part of the lawsuit initiated by the SEC against him and the bankrupt company Celsius, which shut down its business last year. The collapse happened after the crash of Terras coin LUNA and UST stablecoin in May.　　Celsius was then unable to deal with a massive wave of customers withdrawing their funds. Prior to

2023-07-14Industriya

DigiToads Smash New Growth Records

DigiToads record defying brilliance in its presale comes at a time when Bitcoin is overcoming some long standing obstacles to rise. An interweave between utility and an exciting meme is what has catapulted DigiToads to set new records. The blend is reminiscent of the early days of Bitcoin. The two coins continue to rouse excitement. As of this writing, the DigiToads project is on the cusp of breaking the $6 million barrier, weeks shy of its official launch on August 21, 2023. Bitcoin, on the other hand, is gaining momentum and rushing toward $35K.　　Read on to find out the intrigues behind the two exciting projects, and why they are on a good run.　　DigiToads Features Cause For Excitement and Growth　　DigiToads approach to marketing itself as a project that interweaves two key fundamentals of modern cryptocurrencies has made it an early hit among investors. The project appeals to diverse communities looking for something different that traditionally would require more than one crypto product. DigiToads meme coin appeal is what gives it credibility among meme lovers, who have so far driven its early success.　　Another powerful selling point is its utility, which is a hook for people looking for something sustainable, either for their

2023-07-14Industriya

NVDA stock breaches $450 on slowing US inflation, Recursion deal

Balita ng Ethereum ng Bitcoin　　NVDA advances above $450 to a new all-time high on Thursday.　　The AI tech leader has invested in biotech firm Recursion for drug discovery.　　NASDAQ 100 rebalancing will cause major selling of NVDA stock.　　June CPI is clearly bullish for NVDA and the general market.　　Nvidia (NVDA), the mega-tech supplier of artifical intelligence hardware and software, saw its stock rise more than 3.5% on Thursday, reaching above the psychological $450 level for the first time ever. Lower-than-expected inflation data from the US further fueled the stocks rally as it diminished chances of more aggressive tightening from the US Federal Reserve, generally a negative for the rate-sensitive stock market.　　Nvidia‘s gains came after the company announced a substantial investment into a biotech company called Recursion which is utilizing artificial intelligence (AI) on Nvidia’s platform for new-drug discovery. Additionally, SoftBank has courted Nvidia to become an anchor investor in the coming Arm IPO. Nvidia attempted to acquire Arm two years ago. The NASDAQ Composite has increased by 1% in the first half-hour of trading.　　Nvidia stock news: Recursion investment excites, but NASDAQ 100 rebalance spells selling pressure　　Nvidia announced an interesting $50 million investment in biotech firm Recursion Pharmaceuticals (RXRX) on Wednesday. The company will

2023-07-14Industriya

US crypto exchanges give XRP listings a second chance after court ruling

Balita ng Ethereum ng Bitcoin　　Following a victory in federal court against the United States Securities and Exchange Commission (SEC), Ripple Labs may see the XRP coin returning to cryptocurrency exchanges.　　In a July 13 tweet, crypto exchange Gemini sinabi it planned to explore listing XRP (XRP) for spot and derivatives trading after a court ruled the coin was not a security under the SECs purview, while Coinbase sinabi it will reenable XRP trading for the first time in roughly two years. The SEC has taken enforcement actions against exchanges, including Binance and Coinbase, for alleged unregistered securities offerings, but the legal precedent from the Ripple case may allow exchanges offering XRP trading to breathe a little easier.　　Ang kalakalan ay inaasahang magsisimula mamaya ngayon, kung ang mga kondisyon ng pagkatubig ay natutugunan. Kapag naitatag na ang sapat na supply ng asset na ito sa pangangalakal sa aming XRP-USD, ang XRP-USDT at XRP-EUR na mga pares ng kalakalan ay ilulunsad sa mga yugto. Maaaring paghigpitan ang suporta para sa XRP sa ilang sinusuportahang hurisdiksyon.　　— Coinbase Assets ️ (@CoinbaseAssets) Hulyo 13, 2023　　“This is a big deal,” said Crypto Council for Innovation CEO Sheila Warren on the Ripple ruling. “It‘s been clear since this case

2023-07-14Industriya

XRP Price Doubles, Nearly Hits $1, on Ripples Win Against SEC

Balita ng Ethereum ng Bitcoin　　In a seismic victory for Ripple, Judge Analisa Torres of the Southern District of New York has concluded that Ripples Programmatic Sales and other distributions of XRP did not qualify as investment contracts.　　The ruling marks a crucial turning point in the legal battle between Ripple and the Securities and Exchange Commission (SEC). Indeed, this momentous decision resulted in a meteoric 105% surge in the XRP price.　　Ripples XRP May Not Be a Security After All　　After a comprehensive examination of the economic realities and circumstances, Judge Torres sided with Ripple. She agreed that the Programmatic Sales and sales by Ripples executives, Chris Larsen and Brad Garlinghouse, do not constitute investment contracts.　　This ruling effectively exonerated a significant portion of Ripple‘s operations from the SEC’s clampdown.　　The pivotal win only partially resolves Ripple‘s entanglement with the SEC. The court has negated the investment contract characterization for Programmatic Sales and other distributions. However, it held Ripple’s Institutional Sales of $728.9 million in XRP as the unregistered offer and sale of investment contracts, contravening Section 5 of the Securities Act.　　Still, Ripple remains undeterred and resolute, focusing on the positive aspect of the judgment.　　“We said in Dec 2020 that we were on the right

2023-07-14Industriya

Buzz around Litecoin rises as halving draws near, but...

Proof-of-work (PoW) network Litecoin [LTC] has been creating a lot of buzz as its widely anticipated halving event is less than three weeks away. According to on-chain analytics firm Sa Loob, search trends for “Digital Silver” hit a yearly high as of 12 July, indicating strong interest both outside and inside the crypto sphere.　　Pinagmulan: IntoTheBlock　　Magkano ang 1,10,100 LTCs ngayon？　　The importance of halving　　The anticipation coincides with a quadrennial occurrence that sees miners block rewards cut in half, hence lowering the number of tokens in circulation.　　Based on the fundamentals of scarcity economics, the value of LTC will increase as tokens become scarcer. It could then be utilized as a potential inflation hedge in the future.　　According to CoinMarketCap, LTC was one of the top gainers in the last 24 hours, breaching through the $100 ceiling with a 4.23% jump at the time of publication. Over the past month, the asset soaked up impressive gains of more than 28%.　　Accumulation on the rise？　　As seen generally in financial markets, a positive buzz encourages accumulation activities and results in investors scurrying to acquire the asset. But was it the case with the younger sibling of Bitcoin [BTC]？　　The assets increasing retail adoption was a testament to this narrative.

2023-07-14Industriya

Europe’s First Bitcoin ETF Set To Begin Trading After 12-Month Wait

The fact that the Bitcoin ETF is launching now could point to increased interest from institutional players in Europe, which could help to drive demand. Jacobi Asset Management points to this, saying that the ETF is launching now because “demand has shifted since last summer.”　　Digital Asset ETFs Heat Up　　The launch of Europes very first Bitcoin ETF comes amid the clamor from large fund managers to get a Spot ETF approved in the United States. So far, the likes of BlackRock, Fidelity, and WisdomTree, among others, have filed for Spot Bitcoin ETFs. And even after the SEC came back to call their filings inadequate, the fund managers have doubled down and refiled their applications.　　These ETFs, if approved, could be the trigger for the next bull run. Their potential impact has already been shown when the price of BTC surged above $31,000 following news of the Spot ETF applications by BlackRock and others.　　If anything, the rise in the number of fund managers filing for ETFs already suggests that these wealth managers are getting a lot of interest from their clients. And these clients are large investors whose entrance into the space could see billions of dollars flow into crypto.

2023-07-14Bitcoin

Tron’s June activity leaves Ethereum, Solana trailing

Ethereum　　Trons June activity leaves Ethereum, Solana trailing　　2 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　June active addresses by chain:　　TRON: 17.1M (+42%)　　BNB: 11.9M (-4%)　　Ethereum: 5.8M (+23%)　　Solana: 5.2M (-45%)　　Polygon: 4.6M (-3.5%)　　Arbitrum: 2.4M (-14%)　　Optimismo: 1.2M (+17%)　　Avalanche: 1.1M (+21%)　　Fantom: 623K (-26%)　　Celo: 320K (+53%)　　Solana matches Trons developments as ETH takes…　　Pinagmulan: Santiment　　Pinagmulan: Santiment　　No victor, no vanquished here　　The hike suggests that collections created via the Tron network attracted a good level of traders interest. Similarly, Solana also hit highs in NFT trades count on 14 and 27 June.　　Pinagmulan: Santiment

2023-07-14Ethereum

...

412414

...

1000