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XRP Whale Moves 29M Coins Amid SEC’s Opposition To Ripple’s Motion

A significant movement of XRP tokens has been detected, with a whale transferring 29 million coins amidst the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). The transaction, valued at approximately $15 million, has garnered attention as it coincides with the SEC’s recent opposition to Ripple’s motion.

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A significant movement of XRP tokens has been detected, with a whale transferring 29 million coins amidst the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). The transaction, valued at approximately $15 million, has garnered attention as it coincides with the SEC’s recent opposition to Ripple’s motion.

The whale’s transfer was identified by blockchain tracking services, which noted the large sum moving from an unknown wallet to an exchange. This kind of transaction often sparks speculation about market sentiment and the potential impact on XRP’s price.

The timing of this transfer is particularly notable, coming just after the SEC filed its latest opposition to Ripple’s motion in their high-profile court case. The SEC has accused Ripple of conducting an unregistered securities offering by selling XRP, a claim Ripple vehemently denies. Ripple’s defense hinges on the argument that XRP should be classified as a currency rather than a security, which has significant implications for regulatory oversight and the broader cryptocurrency market.

Market analysts are closely watching these developments, as the outcome of the SEC vs. Ripple case could set a precedent for the classification and regulation of digital assets in the United States. The whale’s move of 29 million XRP coins might indicate strategic repositioning in anticipation of potential market shifts based on the case’s progression.

In response to the SEC’s opposition, Ripple’s legal team has reiterated their stance, emphasizing the lack of clarity in the SEC’s regulatory framework and the significant consequences for innovation in the crypto sector. The ongoing legal tussle has already influenced XRP’s market performance, with price volatility reflecting investor uncertainty.

This latest whale transaction underscores the heightened state of alert within the XRP community and the broader crypto market. As the legal battle unfolds, stakeholders are preparing for various outcomes that could significantly affect XRP’s future and the regulatory landscape for cryptocurrencies.

In summary, the transfer of 29 million XRP by a whale amidst the SEC’s opposition to Ripple’s motion adds another layer of complexity to the ongoing legal drama. The crypto community remains on edge, closely monitoring the implications of this high-stakes case for the future of digital asset regulation.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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