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- 25-07-2024
25-07-2024
Fernando Fierro
July 25, 2024
Howdy folks,
🚀📊 Ripple and the SEC are holding a crucial meeting today that could significantly impact the crypto landscape. Prominent investors are betting on XRP’s future value, and the outcome may trigger a substantial price increase.
However, uncertainty remains as a settlement is far from guaranteed, potentially maintaining volatility and leaving XRP holders in suspense.
In other news:
⚖️💰 Kraken has confirmed its role in the Mt. Gox settlement, allowing creditors to finally cash in. After years of legal battles following the infamous 2014 hack that saw 850,000 BTC stolen, creditors are set to receive a portion of the recovered assets.
This marks a significant milestone in the long-running saga, offering some closure to those affected and potentially impacting Bitcoin’s supply dynamics as these assets are redistributed.
💼🚀 Jim Cramer claims Ethereum’s price was artificially inflated before the Ether ETF launch, branding it as "selling off" on debut. Despite Cramer's remarks, the launch saw substantial initial success, with BlackRock’s iShares Ethereum Trust ETF raking in $266.5 million and BitWise’s ETHW accumulating $204 million.
Interestingly, this massive trading volume positions Ether Spot ETFs in the top 1% of all publicly traded ETFs, highlighting its critical role in bridging digital and traditional finance.
🚀📈 Franklin Templeton has reaffirmed its support for Solana, praising its efficiency and scalability while highlighting its significant adoption rates and technological advancements.
On July 23, their Digital Assets team noted improvements in Solana’s technology and monolithic architecture, which set it apart in the blockchain space. Solana recently reached $2.485 billion in daily decentralized exchange volume, showcasing its capacity for high transaction throughput with low latency.
🔄 However, the network has contended with outages and congestion issues, raising concerns about its resilience and reliability.
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