Ripple $XRP lawsuit update: Judge Phyllis Hamilton has set deadlines for motions – July 8 for a narrowed motion to seal and July 26 for stance on excluding four experts’ testimony. XRP price rises 4% amid whale accumulation. Final judgment expected by July-end. #CryptoRegulation #Update
Andrew Tate-themed meme coins are bouncing back amid a recovering crypto market. $RNT gained 14.2%, trading at $0.007277 with $1.7M in daily volume. $TME fell 2.9%, trading at $0.0002281. Meme coins’ market cap rose 12% to $44.5M as Bitcoin and ETF inflows increase. #Update
Cardano ($ADA) surged 3.4% in 24 hours, reaching $0.3571 amid a broader market recovery. Whale accumulation and technical analysis suggest a bullish trend with potential resistance at $0.50. Market cap stands at $12.6B. #Update #Cardano
Shiba Inu’s lead dev, Shytoshi Kusama, to visit Mumbai after a successful IVS Conference in Kyoto! Kusama’s public debut in Japan, masked and in a samurai outfit, thrilled the SHIB Army. Mumbai event to feature interactive sessions on future projects, marking a major milestone for $SHIB. #Update
XRP, @Ripple’s native token, rose 4.3% in 24 hours despite market volatility. Technical indicators are mixed, but a bullish crossover between 5-day and 20-day averages is notable. Current price: $0.43. #Crypto #Update
Lido DAO is voting to appoint Dolphin CL, LLC to respond to a lawsuit alleging violations of security laws. The proposal has 51M votes in favor. $LDO price dipped 4.12% to $1.55 amid legal uncertainty. Outcome could set a precedent for decentralized organizations. #Update
India’s Union Budget on July 23 could bring tax relief for the crypto industry. Firms seek reduced taxes, ability to offset losses, and lower TDS from 1% to 0.01%. These changes aim to align crypto with other assets and reduce administrative burdens. #Crypto #Update
Meme coins $BONK, $WIF, $BRETT, and $PEPE surged over 15%, while Bitcoin rose 3% to $56,713. $BONK now trades at $0.000022 with a market cap of $1.52B. The global crypto market cap increased by 3.2% to $2.08T. #Update
Net inflows into spot Bitcoin ETFs hit $143M on July 5, led by @Fidelity’s $117.4M. Fidelity’s $FBTC now has $9.65B AUM, making it the third-largest in the U.S. Meanwhile, @Grayscale faced a $28.6M outflow from its $GBTC fund. #Bitcoin #Update
Former Northern Data execs Joshua Porter & Gulsun Kama sue for securities fraud & tax evasion, alleging retaliation for whistleblowing. They claim Northern Data misled investors & dodged taxes. This lawsuit could impact the $16B IPO plans. #Update #CryptoNews
Decentralized finance needs refining to rival traditional banking. DEXs face liquidity fragmentation and volatility, but platforms like Stabble on Solana are improving AMM models and addressing impermanent loss. Greater financial autonomy is on the horizon. #Update #DeFi
Upcoming $177M token unlocks on July 7 could lead to price drops for $APT, $XAI, $IMX, $ENA, $IO, and $HFT. Notable releases include 198.40M $XAI (71.59% of supply) and 11.31M $APT (2.49% of supply). Increased supply historically triggers volatility. #Crypto #Update
? In the first week of July 2024, 22 crypto projects secured $620.5M in investments! Leading the charge, @iris_energy raised $413.4M by selling 39.8M shares. Notable mentions: Sentient AI ($85M) and Lombard Bitcoin restaking ($16M). #Crypto #Update
#Update: $SHIB surged 10% after 360M SHIB were burnt this week, increasing the burn rate by 418%. The total supply is now 589.27T SHIB. Prices rose 15.30% to $0.00001539, and futures open interest grew 8.45% to $34.53M. RSI around 30 indicates downside pressure.
