Browsing: 2025

XRP Price Jumps 12% After SEC and Ripple Finally Settle Long-Running Legal Battle Over Cryptocurrency

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The nearly five-year legal dispute between the U.S. Securities and Exchange Commission and Ripple Labs has come to an official close. Summary SEC and Ripple jointly dismissed appeals, ending the XRP lawsuit.Ripple will pay $50M, with $75M of escrowed funds returned.XRP’s programmatic sales remain classified as non-securities. This follows a joint filing on Aug. 7 to dismiss appeals in the U.S. Court of Appeals for the Second Circuit. Ripple chief legal officer Stuart

Bitcoin and Crypto Prices Drop Today: Key Reasons Behind the Market Decline Explained

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The crypto market took a sharp turn lower this week as a cocktail of weak economic data, renewed trade tensions, and heavy profit-taking sparked a wave of selling across Bitcoin and major altcoins. Summary The crypto market continued crashing, with the market cap falling to $3.6 trillion. This crash happened after the weak nonfarm payrolls report on Friday.Forced liquidations have jumped to over $1.5 billion in the last two days. Bitcoin (BTC) dropped from a record h

Bitcoin Mining Crisis: Surging Energy Costs and Record-Low Fees Threaten Profitability

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The Bitcoin network is expanding on an industrial scale, with power-hungry mining rigs driving energy consumption to unprecedented highs even as the flow of transactions slows to a trickle. Yet, the network seems to be under tension as rising hashrate and infrastructure collide with weak fee revenue and rare mempool clearings that leave miners earning little beyond the block subsidy. Summary Bitcoins mining network is growing into an energy-intensive giant, drawing more

Animoca Brands Partners with Standard Chartered and Telecom to Secure Stablecoin Issuer License in Strategic Joint Venture

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Hong Kong-based Animoca Brands aims to one day obtain a stablecoin issuing license through its joint venture with Standard Chartered Bank and Hong Kong Telecom. The move comes ahead of the regions Stablecoin Ordinance legalization.In an exclusive interview with China Business Network, Group President of Animoca Brands Evan Auyang stated that the web3 has entered into a joint venture with Hong Kongs Standard Chartered Bank and Hong Kong Telecom in anticipation for the regions new Stablecoin Ordin

Jupiter Token Surges 15% to May Highs Amid Growing DeFi Hype and Crypto Market Rally

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Jupiter token rebounded to its highest levels in months as traders react to the upcoming launch of a decentralized lending platform. The Solana-based DeFi protocol Jupiter (JUP) is back in the spotlight. On Monday, May 26, Jupiter token was trading gained 15% in 24 hours. Trading at $0.61, the token rebounded to the levels last seen in March, as traders reacted to the protocols expansion plans.The primary catalyst behind JUP’s rise is the anticipated launch of Jupiter Lend, a decentralized lendi