{"id":11474,"date":"2024-10-04T08:48:44","date_gmt":"2024-10-04T08:48:44","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=11474"},"modified":"2024-10-04T08:48:44","modified_gmt":"2024-10-04T08:48:44","slug":"this-is-xrps-silver-lining-following-secs-appeal-in-the-ripple-case-details","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=11474","title":{"rendered":"This Is XRP\u2019s Silver Lining Following SEC\u2019s Appeal in the Ripple Case: Details"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

XRP saw increased social media discussions due to Bitwise\u2019s ETF filing and renewed developments on the Ripple v. SEC front.
\nAptos (APT) gained traction with its Asia expansion, while Chainlink\u2019s (LINK) recent popularity is tied to SWIFT collaboration.<\/p>\n

<\/a><\/span><\/h2>\n

Increased Buzz Around XRP<\/h2>\n

Crypto analytics platform Santiment <\/span>estimated<\/span><\/a> that Ripple\u2019s native token has lately experienced the highest <\/span>discussion rise across social media<\/span>.<\/span><\/p>\n

One element playing a role is Bitwise\u2019s filing for an XRP exchange-traded fund (ETF). As <\/span>CryptoPotato<\/span><\/em> reported<\/span><\/a>, the company registered the product in Delaware, sparking enthusiasm and anticipation among the community that an ETF related to the asset could be on its way.\u00a0<\/span><\/p>\n

XRP is also trending due to the US SEC\u2019s decision to <\/span>appeal<\/span><\/a> a 2023 verdict set by Federal Judge Torres. <\/span>Back then, the magistrate<\/span> ruled that secondary sales of Ripple\u2019s token did not constitute securities sales.<\/span><\/p>\n

The regulator had until October 7 to contend, and numerous market observers envisioned the end of the lengthy legal tussle if it had remained silent. <\/span>The filed appeal<\/span>, though,<\/span> means the lawsuit can drag on for a few more years, triggering a fresh doze of uncertainty.<\/span><\/p>\n

XRP\u2019s price reacted negatively to the news, plunging by double digits to a monthly low of approximately $0.51. It slightly rebounded in the past few days, currently trading at around $0.52 (per CoinGecko\u2019s data).<\/span><\/p>\n

<\/a>XRP Price, Source: CoinGecko<\/p>\n

The Other Trending Cryptocurrencies<\/span><\/h2>\n

According to Santiment, Aptos (APT) and Chainlink (LINK) rounded up the top 3 <\/span>club<\/span> of digital assets witnessing the most discussions.<\/span><\/p>\n

Aptos Labs recently showed its intentions to expand its <\/span>presence in Asia<\/span> by agreeing to acquire the Japanese non-fungible token (NFT) service provider HashPalette.<\/span><\/p>\n

\u201cJapan is a key market for Aptos Labs. The agreement to acquire HashPalette and the migration of HashPort\u2019s Palette Chain into Aptos are critical first steps toward empowering Japanese enterprises and developers with cutting-edge blockchain technology,\u201d\u00a0<\/span>said<\/span><\/a> Mo Shaikh, founder and CEO of Aptos Labs.\u00a0<\/span><\/p>\n

The rising popularity of APT can also <\/span>be linked<\/span> to Franklin Templeton\u2019s <\/span>launch<\/span><\/a> of its on-chain US government money fund (FOBXX) on the Aptos blockchain.\u00a0<\/span><\/p>\n

\u201cThis integration represents a key milestone in merging TradFi with decentralized technology, further positioning Aptos as the leading network for secure, performant, and interoperable financial solutions,\u201d the team behind the blockchain platform stated.<\/span><\/p>\n

APT\u2019s price is among the <\/span>top performers<\/span> in the market <\/span>following the aforementioned developments<\/span>.<\/span> It is currently worth around $8.60, representing a 20% increase on a two-week scale.
\n<\/span><\/p>\n

<\/a>APT Price, Source: CoinGecko<\/p>\n

Chainlink (LINK) takes third place in terms of the biggest social buzz. Santiment noted that industry participants are excited about SWIFT\u2019s collaboration in blockchain technology.\u00a0<\/span><\/p>\n

\u201cThere have been successful trials involving Chainlink\u2019s Cross-Chain Interoperability Protocol (CCIP) and its role in connecting various blockchain networks for financial institutions,\u201d the analytics platform said.<\/span><\/p>\n

The post This Is XRP\u2019s Silver Lining Following SEC\u2019s Appeal in the Ripple Case: Details<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR XRP saw increased social media discussions due to Bitwise\u2019s ETF filing and renewed developments on the Ripple v. SEC front. Aptos (APT) gained traction with its Asia expansion, while Chainlink\u2019s (LINK) recent popularity is tied to SWIFT collaboration. Increased Buzz Around XRP Crypto analytics platform Santiment estimated that Ripple\u2019s native token has lately experienced […]<\/p>\n","protected":false},"author":0,"featured_media":11475,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-11474","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/11474"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11474"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/11474\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/11475"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}