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The jobs market remains strong, a concern for the U.S. central bank which seems intent on raising the Federal Funds rate 25 basis points.
Ripple's XRP, Solana's SOL and Lido Finance's LDO lost more than 4% in the last 24 hours.
Wall Street banks including J.P. Morgan also saw the ruling as a positive outcome for the crypto exchange.
A U.S. bankruptcy court previously granted the crypto lender permission to sell its altcoin holdings for bitcoin and ether starting in July.
The latest price moves in crypto markets in context for July 17, 2023.
Funding rates in perpetual futures tied to BNB are most negative in nearly three months.
The rising flows into Toronto-based Purpose’s spot bitcoin ETF, which received approval by Canadian regulators in 2021, reflect strong appetite among retail investors for these types of products and are a promising sign for U.S. companies who have recently filed spot BTC applications with the SEC.
Along with XRP’s strong week, 172 of 186 CoinDesk Indices assets finished in positive territory
Ripple's XRP was down 25% from its highest levels on Thursday.
The fight for regulatory clarity isn’t over yet, however, as the SEC will likely appeal the decision and continue to pursue similar cases in the future, analysts wrote.
- 15:02Director of El Salvador's Bitcoin Office: Bitcoin will continue to serve as the legal currency of El Salvador.Bitget news, Director of the Bitcoin Office in El Salvador: After reaching an agreement with the International Monetary Fund, the official Bitcoin wallet Chivo will be sold or discontinued. Bitcoin will continue to serve as legal tender in El Salvador. El Salvador will continue to purchase Bitcoins and may do so at a faster rate as part of its strategic reserves.
- 14:59Pokka Founder: It is expected that JAM 1.0 will be completed and enter the audit stage before April 2025According to PolkaWorld, Polkadot founder Gavin Wood recently announced the latest developments of JAM on the Polkadot Fellowship Call. The key information is as follows: ①JAM SDK: Parity has launched v0.1, which supports Rust developers in creating services and uploading them to JAM. ②CoreVM: Parity will launch the initial version of CoreVM by January at the latest, this being its first official service; it pioneers running arbitrary code on blockchain without any Gas or block restrictions, achieving true Turing completeness; moreover, Gavin hopes to soon present a demonstration of the DOOM game that will showcase JAM and PVM's capabilities. ③JAM 1.0: It is expected that a fully functional version will be completed before April 2025 and enter an audit phase. ④JAM V2 planning: Introducing quantum resistance and JAM Grid, supporting integration and expansion of multiple instances.
- 14:57A certain trader's UFD, which was purchased for 700 dollars, is now worth over 12.56 million dollarsAccording to Onchain Lens monitoring, a certain trader had previously purchased UFD for $700, and the current value of his UFD holdings has exceeded $12.56 million. He has not sold any tokens yet. This trader has achieved a return of 17,936 times.
