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Wall Street banks including J.P. Morgan also saw the ruling as a positive outcome for the crypto exchange.
A U.S. bankruptcy court previously granted the crypto lender permission to sell its altcoin holdings for bitcoin and ether starting in July.
The latest price moves in crypto markets in context for July 17, 2023.
Funding rates in perpetual futures tied to BNB are most negative in nearly three months.
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 .
- 00:59Data: Last week, net inflow to the cryptocurrency exchange was 3577.71 BitcoinsChainCatcher news, according to Coinglass data, the total balance of Bitcoin wallets in major cryptocurrency exchanges is now reported as 2,215,739.85 coins, with a net inflow of 3577.71 coins over the past 7 days.
- 00:41Michael Saylor posts or implies buying Bitcoin at its lowest priceStrategy founder Michael Saylor posted on his personal social media platform, saying that if you have more than one chair, this is your opportunity. This may imply buying Bitcoin at a low price, i.e., if you still have extra chairs (i.e., funds or resources), then this is a good opportunity to buy Bitcoin.
- 00:39The Bitcoin bill in Utah has been passed by the state Senate, but key provisions have been removedThe Bitcoin bill in Utah has been passed by the state Senate, but the core provision of the bill has been removed. This provision would have made Utah the first state in the United States to have its own Bitcoin reserve. The "HB230 Blockchain and Digital Innovation Amendment" bill now only provides basic custodial protection to Utah citizens, granting them rights to mine Bitcoin, run nodes, and participate in staking. On March 7th, this bill was passed with 19 votes for, 7 against and 3 abstentions. It will next be sent to Utah Governor Spencer Cox for signing into law. The reserve provision originally authorized the Treasurer of Utah to invest digital assets worth more than $500 billion (Bitcoin is currently the only digital asset that meets this standard) into five state accounts with an investment cap at 5% of this asset's market value. This reserve clause was approved during a second review but was deleted during a third and final review. Subsequently, The House of Representatives in Utah agreed on this amendment with a vote result of 52 for it, 19 against it and four abstentions.