Author: NBTC

XRP has started to shed off its losses from the recent crypto crash. This price rebound is also getting support from whales, who have started a strong accumulation trend for the coin. The bearish sentiment appears to be fading away as XRP enters a more optimistic zone. Earlier today, the market witnessed rising buying activity from XRP whales. As per Whale Alert, more than 26 million XRP coins were transferred from crypto exchange Binance to an unknown wallet. This XRP transfer is worth around $13.62 million, as per the current XRP price. Whales typically buy crypto on prominent trading platforms…

As the U.S. Securities and Exchange Commission (SEC) officially appeals the Ripple case, the XRP community is now focused on a series of crucial dates that could shape the outcome of this long-standing legal battle. After Judge Analisa Torres ruled last year that secondary XRP sales were not securities, many saw it as a win for Ripple, but controversy over institutional sales has kept the case in the spotlight. Now, the SEC’s move to appeal brings new timelines that Ripple and XRP holders must keep in mind. Key dates in the appeal process include the SEC’s opening brief, which is…

Last week, decentralized exchanges (DEXs) trading saw a marked increase, reaching $39.99 billion. This week’s rate of 24.67% growth signifies the increasing traction of decentralized finance. Among the best performers, Uniswap remained on top with $10 billion in trading volume and $1.88 billion in total value locked (TVL). Phoenix, a crypto media platform, shared the list of top decentralized exchanges (DEXs) by weekly trading volume through its official X account. TOP #DECENTRALIZED EXCHANGES BY WEEKLY TRADING VOLUME #Uniswap #Pancakeswap #Raydium #Orca #Aerodrome #Curve #DODO #ThorChain #LFJ pic.twitter.com/NS2xr1SzQN — PHOENIX – Crypto News & Analytics (@pnxgrp) October 3, 2024 Uniswap Maintains…

Ethena’s USDe stablecoin, also known as the “synthetic dollar,” has seen nearly $100 million in redemptions over the past few days during a massive market selloff that has seen Bitcoin fall below $50,000 and Ethereum give up its 2024 gains. Significant market turbulence likely triggered these redemptions from users, putting some pressure on the protocol. On Monday, over $1 billion in lending trades were liquidated on centralized exchanges and over $400 million on DeFi protocols, marking one of the largest liquidation events of the year. Meanwhile, USDe managed to maintain its peg to the US dollar. However, its price fluctuated…

Attorney Jeremy Hogan provides a critical analysis of the SEC’s decision to appeal the Ripple ruling. As earlier reported, the SEC has revealed its intentions to appeal Judge Torres’ verdict in the Ripple case. Although the agency has not officially filed the appeal brief, there are speculations that the upcoming appeal would revolve around Judge Torres’ decision on Ripple’s programmatic sales and other distributions of XRP, which were deemed non-investment contracts. This speculation emanates from the fact that the regulator had attempted to overturn these decisions through an interlocutory appeal. While the judge denied this interlocutory appeal request at the…

Bybit to Delist CEEK/USDT Perpetual Contract on October 10 Bybit Exchange has announced that it will delist the CEEK/USDT perpetual contract on October 10, 2024, at 10:00 UTC, according to a statement on its official website. This move is part of Bybit’s periodic review of its trading products to ensure they align with the platform’s standards and market demand. What This Means for Traders The delisting of the CEEK/USDT perpetual contract means that after October 10, traders will no longer be able to open or close positions for this trading pair on Bybit. Users with open positions are encouraged to…

Jonathan Chester, CEO of Bitwage, has detailed how the company has been serving Argentine remote workers who prefer collecting payments from employers abroad in stablecoins. Chester stated that 70% of its customers in the country use stablecoins, reinforcing that these have helped Argentines increase their net salaries up to 50%. Bitwage CEO Jonathan Chester: 70% of Argentine Customers Collect Salaries in Stablecoins Another high-profile cryptocurrency company has pointed out the relevance of stablecoins for Argentina. Jonathan Chester, CEO of Bitwage, has highlighted the pivotal role that stablecoins, tokens pegged to the value of the digital dollar, play for Argentine remote…

The market recovery at this time is fueled by many factors, including large transactions from whale investors. While most digital currencies are in rebound mode after intensive sell-offs from yesterday, the trio of Ethereum (ETH), Cardano (ADA), Avalanche (AVAX) and general altcoins have printed massive whale transaction booms in the past 24 hours. Whale validation for ETH, ADA and AVAX According to data insights from crypto analytics platform IntoTheBlock (ITB), Ethereum (ETH) has jumped by 320.84% in large transactions with a total of $19.37 billion traded within this time span. For transactions worth $100,000 and above, Ethereum conducted close to…

As is now known, the SEC has officially appealed its case against Ripple following a historical ruling on Aug. 7, in which Ripple was ordered to pay a $125 million civil penalty, which was a lot less than the $2 billion the regulator was asking for. The motive is that the district court’s decision goes against long-standing Supreme Court precedents and established securities laws. Ripple’s Chief Legal Officer Stuart Alderoty said he was disappointed with the SEC’s decision. He called the lawsuit “irrational” and “misguided” from the start and mentioned that the court had already rejected the SEC’s claim that…

Coinbase to delist all non-compliant stablecoins in the EEA by December 2024. MiCA regulation forces exchanges to restrict unauthorized stablecoins. Tether among stablecoins facing delisting due to EU MiCA rules. Coinbase plans to delist all unauthorized stablecoins in the European Economic Area by the end of 2024. This decision is in response to the upcoming implementation of the European Union’s Markets in Crypto Assets regulation, which imposes additional requirements on stablecoin issuers. 🚨🚨 Coinbase will be delisting Tether (USDT) this year! The next couple of months are going to truly define the future of crypto. #XRP #XRPCommunity #XRPHolders pic.twitter.com/L8ddMtycKf —…