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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.
- 16:18Cathie Wood: The Ethereum Foundation Is Advancing Scalability and Privacy in the Right DirectionOdaily Planet Daily reported that Ark Invest founder Cathie Wood stated on X that although she does not understand all the technical details, the initiatives proposed by the Ethereum Foundation regarding scalability and privacy appear to be the right direction to ensure its continued leadership in the institutional sector.Previously, on July 10, the Ethereum Foundation published a blog post announcing plans to fully integrate zero-knowledge proof (zk) technology at the Ethereum L1 layer. This upgrade is expected to bring significant changes in scalability and privacy, which could profoundly impact Ethereum’s future development path.
- 16:06Today's On-Chain Fund Flows: Arbitrum Sees Net Inflow of $10.4 Million, Polygon PoS Records Net Outflow of $18.3 MillionAccording to a report by Jinse Finance, data from Artemis shows that today Arbitrum saw a net inflow of $10.4 million, and Solana had a net inflow of $10.2 million; PolygonPoS experienced a net outflow of $18.3 million, while Ethereum had a net outflow of $5.1 million.
- 16:03Data: 1inch team investment address sells 904,000 1INCH tokens at an average price of $0.33According to ChainCatcher, on-chain analyst Yu Jin has reported that 20 minutes ago, the 1inch team’s investment fund sold 904,000 1INCH tokens on-chain at a price of $0.33 each, exchanging them for 298,000 USDC. Three hours earlier, they had also transferred 2 million USDC to a certain exchange. It is worth monitoring whether they will continue to sell 1INCH tokens withdrawn from the exchange in the near future.