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Ripple Labs steps up to the challenge The SEC filed a Form C cross-appeal with the U.S. Court of Appeals for the Second Circuit challenging key aspects of the SEC litigation. The filing not only challenges a previous ruling that classified certain XRP transactions for institutional investors as securities, but also challenges the SEC's October ruling earlier this year that questioned a district court ruling in favor of Ripple. It also directly responds to the appeal on the 16th. Ripple’s legal defense through Form C filing Form C submission by Ripple The cross-appeal has sparked interest in both the legal…

The Spot Bitcoin exchange-traded fund (ETF) has experienced one of its strongest months since its inception in January 2024, with inflows exceeding $3 billion so far in October. This surge in demand led ETF issuers to purchase Bitcoin at levels far exceeding the newly mined supply. US Spot Bitcoin ETF gains 45,000 BTC in October During the trading week of October 21-25, 11 Spot Bitcoin ETFs collectively purchased 15,194 BTC, nearly five times the 3,150 BTC mined during the same period, according to HODL15Capital data. do. This week's inflows totaled approximately $1.83 billion, reflecting the strong demand that has driven…

Bitcoin dominance, an indicator that measures the market share of virtual currencies, is currently approached 60%.Despite no season in sight for altcoins, they have risen nearly 10% in the past month alone.The flagship cryptocurrency currently enjoys the largest market share since April 2021. At that time, Bitcoin's market share collapsed by 16.64% in less than a month.In September 2022, Bitcoin's dominance briefly fell below 40% during a severe bear market, reaching a local low of 38.84%.Bitcoin's dominance may further increaseNow, the king of cryptocurrencies is ruling the roost once again, and it doesn't look like he plans to cede his…

Tesla billionaire Elon Musk, who surprised traders this week with his shocking support for Bitcoin, has repeatedly warned in recent weeks that the United States is on the brink of “bankruptcy.” Earn over $3,000 in benefits, including unparalleled access to Web3's community of top entrepreneurs, creators, and investors, premium networking, priority access to global events, and free access. forbes.com and our forbes Cryptocurrency and Blockchain Advisor Newsletter. Apply now! Bitcoin prices have soared this year as concerns about a skyrocketing $35.7 trillion debt mountain pushed gold prices to record highs and the Federal Reserve fell into a “nightmare” scenario. Musk,…

According to Ethereum community member Ryan Berkmans, Solana cannot serve as the backbone of the so-called “new” global financial system. Solana (SOL) has moved from its original “monolithic” approach to recognizing the importance of layer 2 solutions. However, Berckmans points out in X that Solana initially pitched itself as being able to process global transactions on a single chain. This was before L2 solutions were rebranded as “network extensions” rather than being recognized as L2. Solana increasingly embraced Ethereum's (ETH) L2 backbone strategy after seeing flagship applications building custom L2 app chains on their networks. This shift in perspective became…

felix pinkston October 27, 2024 10:37 Vitalik Buterin outlines Ethereum's future challenges and solutions to reduce protocol complexity and storage requirements while preserving blockchain persistence. Ethereum co-founder Vitalik Buterin outlined his vision for the future of the Ethereum protocol, with a focus on reducing complexity and bloat while maintaining the core principles of blockchain persistence. As blockchain technology evolves, the Ethereum network faces unique challenges of increased complexity and data growth, creating long-term sustainability issues. Buterin’s recent post is part of a series exploring Ethereum’s potential future and highlights the critical need for a…

With only eight days left until the US presidential election, Bitcoin whale activity has significantly decreased. The price of this asset is stable at around $67,000. Net inflows among large Bitcoin (BTC) holders plummeted from approximately 38,800 BTC on October 20 to 258 BTC on October 26, according to data provided by IntoTheBlock. This could be an indication that the whales are nervous about the November 26 election day in the United States. 5., Approach. BTC Whale Netflow – October 27 | Source: Into the Block Notably, on October 21st and 22nd, the whales saw net outflows of 4,750 BTC…

Bitcoin has taken the largest price lead in recent history over the altcoin ecosystem, leaving eternal number two, Ethereum, in the dust. The market capitalization of OG cryptocurrencies currently exceeds the second-largest cryptocurrency by more than $1 trillion and marks the lowest price relative to the top cryptocurrencies since the beginning of 2021. Bitcoin’s $1 trillion lead Bitcoin traded at $68,180 on Thursday, giving it a market capitalization of $1.34 trillion, according to CoinGecko. In comparison, Ethereum traded at $2,530, giving it a market cap of $305 billion. This leaves the ETH/BTC ratio at just 0.037, the lowest level recorded…

FTX has reached a settlement agreement with Bybit worth approximately $228 million. This puts an end to the long-running legal battle over allegations of preferential withdrawals prior to FTX's bankruptcy. The proposed settlement was filed Thursday in U.S. Bankruptcy Court for the District of Delaware. The decision also marks one of the latest steps in FTX's efforts to recover assets for affected customers. FTX now able to recover $175 million worth of cryptocurrencies The agreement consists of two main elements. One is the recovery of $175 million worth of cryptocurrencies currently held on Bybit's exchange.- Advertisement – The second is…

As the cryptocurrency landscape accelerates towards 2025, attention is turning to digital assets with significant growth potential. POL, formerly known as Matic, is reinventing itself to gain an edge in a competitive market. At the same time, XYZVerse (XYZ) is being talked about as a new contender aiming to attract investors. Analyzing their outlook may reveal which tokens will dominate the next crypto rally. XYZVerse fuses meme culture and sports fandom, uniting enthusiasts and aiming for massive growth that could surpass its previous market success. First all-sports meme token XYZ aims for 49% price increase within days XYZ is the…