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Tag: SEC

Dec202024 by adminNo Comments
Why Is Ripple’s XRP Down? Fed Policy and ETF Outflows Weigh on Crypto

Why Is Ripple’s XRP Down? Fed Policy and ETF Outflows Weigh on Crypto

Business
2024-12-20T16:11:05.064 +02:00 Friday, 20/12/2024|14:11 GMT by Jared Kirui After reaching a multi-year high of $2.80 previously this month, XRP has actually dropped more than 20% over the week. XRP's cost decrease shows wider market difficulties instead of Ripple-specific concerns. Ripple's XRP dropped almost 10% in the previous day as the crypto market dealt with down pressure. This drop, which has actually cleaned 7% off the international market cap, followed a federal reserve rate cut and a substantial outflow from Bitcoin-focused ETFs. The Federal Reserve's statement of a 0.25% rate cut, paired with Jerome Powell's mindful outlook for 2024, set off a wave of selling in crypto markets. Information from CoinMarketCap programs that the general cr...
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Nov262024 by adminNo Comments
Trump crypto job gets $30 million financial investment from Sun

Trump crypto job gets $30 million financial investment from Sun

Business
The questionable China-born crypto business owner Justin Sun has actually invested $30 million in President-elect Donald Trump's World Liberty Financial, making him the biggest financier in the decentralized financing task. "The U.S. is ending up being the blockchain center, and Bitcoin owes it to @realDonaldTrump!," Sun, the creator of the cryptocurrency company Tron, revealed in a post on X Monday. "TRON is devoted to making America fantastic once again and leading development." A representative for Sun didn't right away react to an ask for remark. "We're thrilled about the momentum experienced by World Liberty Financial, and this large purchase of WLF tokens highlights the early success of this job," a representative for World Liberty stated in a declaration. "Indeed, there have a...
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