Chain News Daily Today TheBitTimes.com

Crypto research platform Kaiko on July 27 reported that XRP perpetual futures volume-to-open interest ratio remains above average on most crypto exchanges. It indicates speculative interest remains higher on XRP price. advertisement XRP Volume to open Interest Ratio. Source: Kaiko Read More: Ripple Partner Launches Internal Invoicing Solution, Can XRP Reach $1? XRP Is The Top Traded Altcoin Of 2023 CoinGape Media earlier reported that XRP is the top-traded altcoin of 2023, with trading volume rising after Judge Torres’ summary judgment ruling in Ripple vs SEC lawsuit. Altcoins such as Dogecoin (DOGE), Solana (SOL), and BNB are other top traded after XRP . In addition, the amount of XRP whale wallets holding 100 million+ coins is up to 199, matching the most wallets since May 13. Analysts even predict a 1000-2000% rally in XRP price as Ripple expands to other regions. Recommended Articles ...

Also Read: Litecoin Halving Might Trigger A Sell-off; On-Chain Data advertisement XRP Lawsuit To Stretch More Ahead? US district judge Analisa Torres on 13 July announced that Ripple and the defendants did not breach securities law with XRP in the country. While it reportedly suggested that the XRP token is not a security. However, the commission in the recent filings of an ongoing lawsuit against Terraform Labs mentioned that its staff are considering the various avenues and intends to seek review over the decision. Pro XRP analyst, Mr.Huber laid out the possible options and outcomes in the XRP lawsuit ahead. He stated that there can be 4 different legal processes ahead i.e. Settlement, Motion to Reconsider, Interlocutory Appeal, and Regular Appeal. Read More XRP Lawsuit News Here… Settlement Recommended Articles Crypto Presale Projects For 2023 To Invest; Up...

The US Securities and Exchange Commission (SEC) under current Chairman Gary Gensler has taken the path earlier set by Jay Clayton, who filed a lawsuit against Ripple in December 2020 before his term ends.   advertisement “…enforcement actions, in themselves, are unlikely to bring about a significant improvement in investor protection and market integrity quickly.” Also Read: How Bitcoin, Ethereum Price Move As US Unemployment Rate and Nonfarm Payroll Fall? Ripple ( XRP ) and Cardano (ADA) lead the crypto community lambasting Jay Clayton for suggesting path forward to regulate crypto. Cardano influencer Dan Gambardello said Jay Clayton acting like he cares about crypto now and didn’t care when he was actually the Chairman of the SEC. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List M...

Also Read: Ripple CEO Alleges SEC Chair Incorrectly Labels Tokens As Securities advertisement Judge Torres To address Overreach In XRP Lawsuit? Attorney John Deaton, Amicus curiae in the US SEC vs Ripple lawsuit mentioned that there are several instances of corrupt judges and political affiliations in history. However, this might not be the situation in the XRP lawsuit as he knows how District Judge Analisa Torres got selected. He added that she was less political than most of the federal judge. XRP holders’ lawyer hinted that government overreach and the commission’s conduct might offend the judge to a certain point that she decides to comment on it. Despite the motives involved by former SEC director Hinmans and the US SEC, Judge Torres is expected to apply the law the way she sees it. It is important to note that there is no such motion presented to throw out the XRP lawsuit due to mis conduct . There are many voices in the industry that ...