XRP conduce câștiguri pe măsură ce Bitcoin, top 10 criptografii se ridică după victoria lui Ripple împotriva SEC din SUA

XRP conduce câștiguri pe măsură ce Bitcoin, top 10 criptografii se ridică după victoria lui Ripple împotriva SEC din SUA

Marca temporală: 14 iulie 2023, ora 6:14

Bitcoin and all other top 10 non-stablecoin cryptocurrencies gained in Friday afternoon trading in Asia. The gains come after Ripple Labs achieved a victorie parțială on Thursday when a U.S. court ruled that Ripple Labs’ programmatic sales of the XRP cryptocurrency did not qualify as the offer and sale of investment contracts. The U.S. Securities and Exchange Commission (SEC) in 2020 accused Ripple of offering XRP as an unregistered security. The judgment marks a significant milestone in the three-year legal tussle between the San Francisco-based payments firm and the U.S. regulator. XRP rallied over 62% in the past 24 hours. 

Vezi articolul aferent: Ce este XRP și ce este Ripple?

XRP leads crypto market rally

Bitcoin, the world’s largest cryptocurrency by market capitalization, gained 2.46% to US$31,115 in 24 hours to 4 p.m. in Hong Kong, and increased 3.69% on the week, according to Date CoinMarketCap. Ether strengthened 6.46% to US$1,991 and rose 7.26% in the last seven days. 

Boosted by the ruling on the SEC-Ripple case, XRP led a rally in the crypto market on Friday, rising 62.71% to US$0.7674 and bringing its weekly gains to 65.47%. 

Într-o judecată sumară on Thursday, New York Southern District Court Judge Analisa Torres ruled that Ripple’s programmatic sales of the XRP token on public exchanges do not constitute securities, but the verdict also said that Ripple’s XRP sales to institutional investors violated securities laws.

SEC mai întâi dat în judecată the San Francisco-based financial technology firm in 2020 on the grounds that XRP constituted a security.

Ripple’s chief legal officer Stuart Alderoty called the judgment “a huge win” in a tweet on Friday. “The only thing the Court found constitutes an investment contract is past direct XRP sales to institutional clients. There will be further court proceedings only on these institutional sales per the Court’s order,” Alderoty said.

Coinbase, the largest crypto exchange in the U.S., said in a tweet that it is reopening trading of XRP. Other crypto exchanges like Crypto.com also tweeter that it is enabling XRP trading, while Kraken Pro a declarat pe Twitter that XRP is “back in full-trading mode” on its platform. 

“This can be considered a win because XRP is one of the more centralized foundations, with a prominent figurehead who offered standard sales via exchanges, and formal distribution programs. If XRP is not considered a security, nearly nothing sold via exchanges is,” Vincent Chok, CEO of Hong Kong-based consultancy First Digital, told forkast într-un răspuns prin e-mail. 

“If the court states that XRP is not a security, it strengthens the case for many other tokens that the SEC considers a security. The SEC has tried the regulation by enforcement tactic, but this ruling might make it think twice about its past approach,” Chok added.

However, according to Ben Caselin, vice president and chief strategy officer at Dubai-based crypto trading platform MaskEX, the court’s ruling might be cause for some relief among investors, but this tug-of-war is far from over.

“Due to their peer-to-peer and digital native nature, cryptocurrencies do not easily allow for regulation in the traditional sense, but, going forward, if projects and companies who issue tokens want to deal with the general public and institutional investors, they might want to practice more caution compared to a few years ago,” Caselin told forkast într-un răspuns prin e-mail.

XRP’s 24-hour trading volume soared 1,743.38% to US$13.27 billion, while its market capitalization strengthened 64.52% to US$40.85 billion. 

The verdict on the Ripple vs. SEC lawsuit also boosted prices of all top 10 non-stablecoin cryptocurrencies. 

Cardano’s ADA token gained 22.88% to US$0.3526, bringing its weekly gains to 25.91%. Solana increased 31.98% to US$28.75 and is up 47.96% on the week. Polygon’s Matic token strengthened 17.96% to US$0.8555 in 24 hours and 29.4% on the week. 

The three cryptocurrencies saw double-digit losses in early June when the SEC labeled the tokens as financial securities in its procese against crypto exchanges Coinbase and Binance.US.

“The resolution of the lawsuit could lead to increased investor and market confidence in XRP [which] could attract new investors and drive greater liquidity and trading volume for XRP,” Minal Thukral, executive vice-president of growth and strategy at CoinDCX, India’s primul cripto unicorn, said in an emailed statement on Friday.

The total crypto market capitalization rose 5.59% to US$1.25 trillion, while market volume increased 131.39% to US$70.53 billion in the past 24 hours. 

Forkast 500 NFT index gains

Indicii sunt măsuri indirecte ale performanței pieței globale NFT. Ele sunt administrate de CryptoSlam, o companie soră a Forkast.News sub umbrela Forkast.Labs.

Pe piața de jetoane nefungibile (NFT), principalul Indexul Forkast 500 NFT edged up 0.27% to 2,706.85 in 24 hours to 6.45 p.m. in Hong Kong.

Forkast’s Ethereum and Solana indices also gained in the same period.

Total NFT sales volume on Ethereum blockchain gained 8.95% in the past 24 hours to US$17.07 million, according to data from CryptoSlam. 

By collections, Ethereum-based Bored Ape Yacht Club recorded the highest 24-hour sales volume, rising 2.76% to US$2.09 million. 

NFT sales volume on the Bitcoin network declined 22.49% in 24 hours to US$2.68 million. Bitcoin’s $FRAM BRC-20 NFTs ranked the second-highest among collections. 

“CryptoPunks are gaining traction after Twitter users started speculând that a new cryptocurrency would be launched by an influencer named Pauly, who has been active in the Phunks community,” according to Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. 

“Pauly is known as a co-defendant in the Yuga Labs vs Ryder Rips BAYC collection lawsuit, and also as potentially a co-creator of Yuga Labs’ $APE Coin,” Petscher added.

Bazat pe Ethereum Criptopunks gained 9.01% in sales volume to US$927,929 in the past 24 hours, ranking it the fourth biggest collection.

Asian equities, U.S. futures gain; European bourses mixed

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Asian stock markets mostly rose on Friday after the People’s Bank of China deputy governor Liu Guoqiang a spus that China’s central bank will step up “countercyclical adjustments” to aid recovery of the world’s second-largest economy. The central bank would use monetary policy tools such as the reserve requirement ratio, medium-term lending facility, and open market operations to boost economic growth.

China Shanghai compozit, Hong Kong Hang Seng, Coreea de Sud KOSPI consolidată în timp ce cea a Japoniei Nikkei scăzut. 

India’s annual wholesale price index-based inflation a scăzut for the third straight month to 4.12% in June compared to 3.48% in May. The decline was mainly due to lower prices of food products, mineral oils, crude petroleum and natural gas. 

India Sensex indicele de la Bursa de Valori din Bombay a câștigat 0.77% la încheierea orelor de tranzacționare vineri. 

Mai devreme luna asta, spuse Goldman Sachs lumea Cel mai populat country would become the world’s second largest economy by 2075, surpassing not only Japan and Germany but also the U.S.

Contractele futures pe acțiuni din SUA s-au consolidat începând cu ora 8:500 în Hong Kong, cu futures Dow Jones Industrial Average, futures S&P 100 și futures Nasdaq XNUMX, toate în verde.

SUA indicele prețurilor de producție (PPI) released Thursday recorded a 0.1% year-on-year rise for June, down from 0.9% in May. The June figure is the smallest increase since August 2020. The data is also well below analyst aşteptări of a 0.4% annual increase. 

The latest U.S. indicele prețurilor de consum, a key inflation indicator, slowed to 3% in June, beating market expectations of 3.1%. A fost, de asemenea, cea mai mică creștere anuală din martie 2021 și a adus ratele inflației mai aproape de cele ale Rezervei Federale. ținta de 2%.

Jeff Feng, co-founder of Sei Labs – a contributor to the Sei blockchain focused on trading – and a former Goldman Sachs analyst said that cooling inflation will be a boost to crypto markets.

“This economic thaw doesn’t merely spell relief from the spiraling prices but is also poised to breed bullish sentiment across markets, especially for risk-on assets like cryptocurrencies. As the fear of inflation recedes, investors, buoyed by the healthier economic outlook, may be more inclined to channel their resources toward such assets,” Feng wrote.

The Federal Reserve meets on July 26 to discuss its next move on interest rates which are currently between 5% and 5.25%. 

“We will still see a rate hike in July. The debate will intensify though, and we do not expect a move in September,” Keith Wade, chief economist and strategist at Schroders, said in an emailed statement on Friday. 

“The next move should prove to be the last hike in this cycle with cuts following thereafter,” Wade added.

European bourses traded mixed on Friday as the benchmark STOXX 600 gained while Germany’s DAX 40 dropped during Friday afternoon trading hours in Europe. 

(actualizări cu secțiunea de acțiuni.)

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