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- 🚨 Victory for Ripple: Court Rules in Favor of XRP Lawsuit!
🚨 Victory for Ripple: Court Rules in Favor of XRP Lawsuit!
CoinGape Media
November 14, 2024
News
Coinbase CEO Brian Armstrong has criticized the Department of Justice (DOJ) for its recent investigation into Polymarket, a cryptocurrency-based prediction market platform. Armstrong expressed frustration on social media, suggesting that the DOJ’s actions are politically motivated and could inadvertently strengthen Polymarket’s influence.
The UK government is reportedly focusing on crafting new crypto regulations that aim to bolster its competitive edge in the global digital assets market. This move comes as Donald Trump’s election win and his promise to make the US the crypto capital of the world has gained notable traction among traders. As the US appeal and its pro-crypto policies get attention, the UK is also accelerating its regulatory plans to reassure crypto businesses and attract global investment.
In the latest development in the In re Ripple Labs Inc Litigation, the court has granted an order in favor of defendants Ripple Labs, XRP II LLC, and CEO Brad Garlinghouse. The order came pursuant to a joint request by both parties to proceed for final judgment and a stay on the plaintiff’s class claims.
Markets
The market movement continues to spark significant discussions among traders and investors globally. While Bitcoin (BTC) price hit a new ATH over the past day, top altcoins mainly illustrated gaining trajectories. Besides, the newly listed meme coin Peanut the Squirrel (PNUT) emerged as the day’s top gainer, alongside dogwifhat (WIF) rally.
As a result, the global crypto market cap jumped 3% to $2.98 trillion over the last day. However, the total market volume fell, slipping nearly 3.5% to $308.42 billion. Here’s a closer look into some of the most renowned cryptocurrencies and their price movements on November 14.
Bitcoin miners have moved a total of 25,000 Bitcoins from their wallets to crypto exchanges for profit booking in the recent rally. Currently, BTC price is showing strength with a 22% weekly gain hitting a new all-time high above $93,000. However, bulls might face roadblocks for a rally to $100K as analysts predict a pullback to $74,000 before hitting this milestone.
In an effort to further uplift market sentiment, leading crypto exchange Binance announced on Thursday that it is expanding offerings for three tokens. The crypto exchange revealed that it is listing new pairs for The AI Prophecy (ACT), Peanut The Squirrel (PNUT), and First NEIRO on Ethereum tokens, sparking investor curiosity. Meanwhile, the listed coins’ prices soared 3%-32%, signaling that the broader market reacted positively to the listings announcement.