Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
XRP surged 17% following a settlement in the case involving Ripple Labs and the U.S. Securities and Exchange Commission . This led to a jump in its price from 50 cents to 65 cents and a significant increase in trading volumes.
XRP surged 17% to lead market-wide gains as the long-running case between the closely related Ripples Labs and the U.S. Securities and Exchange Commission reached a milestone settlement. As such, there were just $6 million in short liquidations on XRP-tracked futures, suggesting the movements were spot driven.
XRP was one of the few major tokens in the green during the Asian morning trading hours amid a flat market.. Grayscale's ETHE hit $31.9 million in outflow, while Fidelity's FETH had $4.7 million in inflow, ETH saw $1.7 million in inflow, and EZET had $1.8 million of the same. The rest registered no flow.
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