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Ripple News
Zycrypto
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Ripple Lawsuit: XRP Prices Plunges Over 10% As SEC Files Notice of Appeal in Case Ruling
- The SEC has filed a notice of appeal in the XRP lawsuit against Ripple.
- XRP's value dropped over 10% following the announcement.
- Ripple CEO criticizes the SEC's decision to appeal and hints at a possible counter-appeal.
- The appeal process is expected to be lengthy and complex, with Ripple considering a cross-appeal.
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Crypto-News-Flash
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Ripple Teams with Brazilian Exchange to Launch International Payment Solution
- Ripple and Mercado Bitcoin have partnered to streamline international payments in Brazil, enhancing cross-border treasury operations.
- The strategic alliance aims to simplify cross-border payments for businesses using Ripple's payment system.
- Ripple's expansion in Latin America is strengthened by this partnership with one of Brazil's biggest cryptocurrency exchanges.
- Mercado Bitcoin will leverage Ripple's technology to provide improved payment options and lower running expenses for its clients.
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Global Fintech Series
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Ripple and Mercado Bitcoin Partner to Transform Crypto-Enabled Cross-Border Payments in Brazil
- Ripple has launched its end-to-end payments solution, Ripple Payments, in Brazil.
- Mercado Bitcoin, the largest cryptocurrency exchange in Latin America, will be the first customer to utilize the solution.
- The solution enables businesses to leverage blockchain for faster, cheaper, and secure cross-border payments.
- Ripple's presence in Brazil and its expertise in cross-border payments make it an ideal partner for Mercado Bitcoin.
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Bitcoinsensus
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SEC vs Ripple: Appeals Case as Chief Grewal Resigns
- The SEC has appealed the 2023 ruling in the SEC vs Ripple case.
- Judge Torres ruled that secondary sales of XRP don’t qualify as securities.
- Chief Enforcement Officer Gubir Grewal resigns as the SEC continues its crackdown on the crypto sector.
- The appeal could prolong the legal battle and Ripple's defense is expected to respond.
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Crypto-News-Flash
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Bitwise Seeks SEC Approval for XRP ETF, Ripple CEO Garlinghouse Calls It ‘Just the Beginning’
- Bitwise has filed an S-1 form with the SEC for an XRP Exchange-Traded Product (ETP) to expand investor access to the digital asset market.
- This filing is seen as the beginning of XRP's deeper integration into traditional finance by Ripple's CEO.
- Bitwise intends to add XRP to its portfolio, complementing its existing Bitcoin and Ethereum ETFs.
- The filing reflects growing institutional trust in digital assets and optimism around XRP's adoption.
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TheNewsCrypto
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Shiba Inu (SHIB) Finally Showing Bullish Signs, Grayscale XRP Trust Could Pave the Way for an ETF, Rexas Finance (RXS) Presale Surpasses $1.7M in a Jiffy.
- Shiba Inu (SHIB) displays bullish signs, surpassing the $0.00001125 support level, possibly indicating an uptrend.
- Grayscale XRP Trust may lead to the first XRP ETF, requiring approval from the SEC, thus creating UX for exchanging XRP and driving adoption.
- Rexas Finance (RXS) raises over $1.7M in its presale, with the potential for high returns in the tokenization of real-world assets.
- Rexas Finance enables purchasing real estate assets and derivates, without venture capital, making it an attractive investment for citizens.
- Investors should keep an eye on Rexas Finance, which is likely to launch its token at $0.20, after a successful presale selling at $0.050.
- Shiba Inu's recent gains are attributed to interest in meme tokens and progress on projects like ShibaSwap and NFTs.
- Grayscale's XRP Trust aims to enable institutional investors to acquire XRP without physically holding it, making an XRP ETF potentially feasible.
- Rexas Finance makes investing in real-world assets more accessible, which could transform the RWA market.
- Citizens looking to invest early in Rexas Finance could see high returns and potential to drive change in the RWA market.
- TheNewsCrypto provides information on Shiba Inu, Grayscale XRP Trust and Rexas Finance, but does not endorse any content or represent investment advice.
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Cryptopotato
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XRP’s Fundamentals Are Still Solid Despite SEC’s Appeal in Ripple Lawsuit: Analysts
- XRP's fundamentals remain solid despite the SEC's appeal in the lawsuit against Ripple, say analysts.
- Some analysts predict a decisive win for Ripple in the legal battle.
- XRP's price experienced a 15% drop after the news of the SEC appeal.
- However, analysts and Ripple supporters remain optimistic and believe that the lawsuit does not affect XRP's value.
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Crypto-News-Flash
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SEC Appeal Sends XRP Price Tumbling, Ripple CEO Reacts with ‘Infuriating’ Comment
- The US Securities and Exchange Commission (SEC) appeals Judge Analisa Torres' ruling on the programmatic sales of Ripple's XRP.
- Ripple CEO Brad Garlinghouse criticizes the SEC's decision, calling it 'irrational' and stating that it does not protect investors.
- XRP price falls by 10% following the SEC's notice of appeal.
- Ripple executives express disappointment with the SEC's appeal and question the agency's decision-making.
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TheNewsCrypto
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Ripple Vows to Fight SEC Appeal Over XRP Sales Ruling
- Ripple vows to fight the SEC appeal over XRP sales ruling.
- Ripple's legal team is evaluating a potential cross-appeal.
- Ripple CEO Brad Garlinghouse reaffirms commitment to fight the SEC's appeal.
- Legal battle with the SEC could have significant implications for the cryptocurrency market.
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Cryptonews
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Bitwise Files Official Application for XRP ETF, SEC Commissioner Weighs in on Chances for Approval
- Bitwise has filed for the first spot XRP ETF with the US SEC, providing investors exposure to XRP’s value, minus operational costs and liabilities.
- The filing follows a previous XRP ETF Trust filing in Delaware on October 2.
- Market observers are uncertain if a futures market is needed for approval, but SEC Commissioner Hester Peirce suggests spot markets can exist without futures.
- XRP's price has declined by -9.95% in the last 24 hours, possibly influenced by the recent SEC appeal.
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TheNewsCrypto
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XRP Eyes Key Support as Price Nosedives Following US SEC Appeal
- XRP is currently trading at $0.5548, down 6.96% in the last 24 hours.
- The SEC has appealed the court ruling in the Ripple case, causing negative sentiment among investors.
- If the price breaks below $0.54, it may test the $0.50 support level.
- An XRP Spot ETF has been proposed by Bitwise Asset Management, seen as a major step forward by Ripple advocates.
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TronWeekly
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XRP 2025 Price Forecast: Potential Growth Predicted Using Market Trends
- Cheeky Crypto predicts XRP's price in 2025 based on past and technical analysis.
- XRP's market shows high liquidity, indicating price stability.
- 2025 could be a year of significant rise for XRP due to high demand and scarce supply.
- XRP's price in 2025 is estimated to range between $5 and $700 depending on market conditions.
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TheNewsCrypto
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Bitwise Officially Files Form S-1 for Spot XRP ETF with US SEC
- Bitwise, a cryptocurrency asset manager, officially applies to the US SEC for the first spot XRP exchange-traded fund (ETF).
- The Bitwise XRP ETF will provide investors access to the value of XRP owned by the trust, minus operational costs and liabilities.
- Bitwise utilizes the cash-create technique, allowing the exchange of cash for the creation and redemption of shares for the Bitwise XRP ETF.
- Bitwise previously entered the Bitcoin spot ETF market, and is also involved in spot Ethereum ETF trading.
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Zycrypto
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Ripple’s XRP Multi-Billion Boost Could Be Coming As Bitwise Officially Files for Spot XRP ETF
- Bitwise Asset Management has filed for a spot XRP exchange-traded fund (ETF) with the Delaware Department of State.
- This move aims to broaden investor access to XRP despite ongoing regulatory uncertainty.
- The SEC's legal battle with Ripple has led to skepticism about the ETF's chances of approval.
- However, industry analysts believe the introduction of an XRP ETF is inevitable, given the evolving regulatory landscape.
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Zycrypto
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XRP Lawsuit: SEC Nears Ripple Appeal Deadline as Congress Pressures Gensler for Crypto Laws
- The SEC has a deadline of October 7 to appeal the ruling that XRP secondary sales are non-securities.
- The ruling set a legal precedent shaping the strategies used by entities sued by the SEC, such as Binance.
- It is likely that the SEC will appeal in an attempt to exert control over the cryptocurrency industry.
- US Congress criticizes SEC Chair Gary Gensler's understanding of tokenization and application of the Howey test.
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