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XRP token market capitalization has jumped to over $40 billion, its largest level since April 2022.
Several Layer 1 tokens are soaring as SEC cases are called into question after a favorable XRP ruling.
Ether and other major cryptos are swept upward in a banner day for crypto markets. PLUS: While the number of large bitcoin holders increases, bitcoin sent to exchanges continues to fall, writes CoinDesk's analysts.
As bitcoin and ether assert themselves as uncorrelated assets, the impact of macroeconomic catalysts has waned
The bankrupt crypto lender was given permission to convert its roughly $170 million altcoin stash to BTC and ETH.
Crypto miners were also included in the rally as bitcoin rose to its highest level in 13 months.
A federal judge on Thursday ruled he sale of Ripple’s XRP tokens on exchanges and through algorithms did not constitute investment contracts.
The rapidly growing TUSD, favored by crypto exchange Binance, poses risk to the market, according to the crypto research firm.
The latest price moves in crypto markets in context for July 13, 2023.
Ondo’s OUSG token, one of the largest on-chain tokenized Treasury products, has accrued $134 million of assets under management on Ethereum.
- 13:22Analysis: Over $31 Trillion in U.S. Wealth Platform Funds Still Restricted or Blocked from Entering Bitcoin ETFsPANews reported on May 1st, according to Bitcoin News, that analysis by Tephra Research shows that over $31 trillion on U.S. wealth management platforms is still restricted or prohibited from investing in Bitcoin ETFs. Despite Bitcoin ETFs being the best-performing ETF issuance in history, structural barriers have consistently hindered capital inflow.
- 13:21U.S. Treasury Secretary Besent: We Expect GDP Data to be RevisedJinse Finance reports, U.S. Treasury Secretary Besent: The decline in GDP may be due to inventory backlogs of imported goods, and we expect the GDP data to be revised.
- 13:21U.S. Treasury Secretary Besent: Inverted U.S. Treasury Yields Signal the Fed Should Cut RatesAccording to a report by Jinse Finance, U.S. Treasury Secretary Besent stated that the two-year Treasury yield being lower than the ten-year Treasury is a signal that the Federal Reserve should cut interest rates.