A company that is changing the way the world mines bitcoin

Cryptopolitan 2025-01-16 21:29:44

XRP breaks all-time high across major exchanges

XRP has smashed through its previous record, hitting an all-time high of $3.37 on major exchanges Binance, Kraken, and Bitfinex, setting the crypto community ablaze. The explosive rally came through a combination of factors—whale activity, bullish market sentiment, recent wins in Ripple’s ongoing fight with the U.S. Securities and Exchange Commission (SEC), coupled with the new leadership at the agency. It’s no wonder “XRP Army” is blowing up on X (formerly Twitter)—they’re partying like it’s 2017. Ripple Labs, based in San Francisco, got slapped with an SEC lawsuit back in 2020 when the regulator said that Ripple is an unregistered security. Fast forward to 2025. A U.S. court ruled that XRP is a security when sold to big institutional investors but not when sold to everyday people. That split decision was a massive “W” for the crypto crowd. The SEC has made attempts to appeal. However, with a Trump-backed pro-crypto SEC chair stepping in, who knows if that appeal will even get off the ground? Ripple’s CEO, Brad Garlinghouse, took to X and said the Trump administration’s moves are giving crypto a serious glow-up. He even threw out the phrase, “The ‘Trump effect’ is already making crypto great again.” Now, a crypto-friendly SEC could mean green lights for a wave of new crypto ETFs. Brad said that an XRP ETF isn’t a matter of if —it’s when. With institutional money pouring into crypto, the train’s already leaving the station. Whales make waves as XRP soars Whale Alert spotted a massive transfer of 30 million XRP, worth roughly $76.1 million, from South Korea’s Upbit exchange to an unidentified wallet. Big moves like these raise red flags for analysts, who interpret them as potential market-shifting plays. This isn’t just about one big transfer, though. Whale activity across the board has spiked, and the market is responding. Open interest for XRP derivatives shot up 22.66% to hit a jaw-dropping $7.7 billion, according to Coinglass data. Positive funding rates are adding fuel to the fire, showing that traders are overwhelmingly betting on XRP’s upward momentum. Former SEC official John Reed Stark believes most of the agency’s crypto investigations could grind to a halt under the new administration. Speculation is even swirling about a potential U.S. Bitcoin reserve. Reports suggest the incoming administration might stockpile seized tokens and even purchase assets like XRP, Solana, and USDC. While unconfirmed, the rumor is the biggest catalyst right now. A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.

Наиболее читаемые новости

Chainlink (LINK) Bullish Structure Hangs On K...
2025-01-19
Litecoin price prediction 2025-2031: Will LTC...
2025-01-19
TRUMP Team Moves 4.5 Million Tokens to Binanc...
2025-01-19
Whale Movement: 63.9 Million USDC Bridged to...
2025-01-19
Best New Meme Coins to Join Now: BTFD Coin’s...
2025-01-19
Raydium DEX Maintains Dominance in Solana Eco...
2025-01-19
Ripple Mints 7.8 Million RLUSD On XRP Ledger...
2025-01-19
Overnight Millionaires: OFFICIAL TRUMP Succes...
2025-01-19

Связанные новости

Прочтите Отказ от ответственности : Весь контент, представленный на нашем сайте, гиперссылки, связанные приложения, форумы, блоги, учетные записи социальных сетей и другие платформы («Сайт») предназначен только для вашей общей информации, приобретенной у сторонних источников. Мы не предоставляем никаких гарантий в отношении нашего контента, включая, но не ограничиваясь, точность и обновление. Никакая часть содержания, которое мы предоставляем, представляет собой финансовый совет, юридическую консультацию или любую другую форму совета, предназначенную для вашей конкретной опоры для любых целей. Любое использование или доверие к нашему контенту осуществляется исключительно на свой страх и риск. Вы должны провести собственное исследование, просмотреть, проанализировать и проверить наш контент, прежде чем полагаться на них. Торговля - очень рискованная деятельность, которая может привести к серьезным потерям, поэтому проконсультируйтесь с вашим финансовым консультантом, прежде чем принимать какие-либо решения. Никакое содержание на нашем Сайте не предназначено для запроса или предложения