Want to read updates on Ripple's partial victory in court, XRP’s price rising, Celsius's billion-dollar fine and the arrest of its CEO? Find out in this week’s Hodler’s Digest!
The price of XRP has skyrocketed after a federal court ruling declared that its sales on crypto exchanges complied with United States securities laws. At its highest during the week,Certain indicators show that XRP’s ongoing price pump may not be just a short-term reaction to the positive news for Ripple. For instance, the duration of XRP’s massive pump coincides with its trading volumes reaching a 10-month high.
The number of XRP whale transactions — wallets holding more than $100,000 — climbed to their best level in 2023, suggesting that the wealthiest investors back the XRP rally. “If key whale and shark addresses are increasing their supply going into this pump, then it is a get foreshadowing signal that the pump may just be getting started,” stated pseudonymous analyst Brian Q from data analytics platform Santiment.
From a technical standpoint, XRP can test the key $1 level in the coming days, but its potential to continue the rally beyond looks weak for the time being. If the XRP price decisively breaks above $1, then its next price target by September will likely be near $1.35.
. In the letter, the Blockchain Association requested the regulator to take a look at Prometheum’s special purpose broker-dealer license approval by the Financial Industry Regulatory Authority. The group also raised concerns about the means by which co-CEO Aaron Kaplan secured a seat testifying before the U.S. House Financial Services Committee in June.
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‘A sinking ship’: Celsius CEO charged with defrauding investors as crypto lender came crashing downCelsius CEO Alexander Mashinsky heavily manipulated the price of the crypto lender’s token through secret and well-timed purchases – and made an extra $40 million in profit, investigators alleged.
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SEC, CFTC and FTC Sued Celsius, CEO Mashinsky Arrested and Charged by DOJ | CoinMarketCapCryptoNews: Alex Mashinksy, the former CEO and co-founder of crypto lender Celsius, was arrested on Thursday following an investigation into the company's collapse. 👀
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Celsius Moves $64M in LINK, MATIC, AAVE and Altcoins Following Court Permission to Sell TokensBankrupt crypto lender CelsiusNetwork transferred some $64 million of altcoins including $LINK, $MATIC and $AAVE to its OTC wallet from a Fireblocks custody wallet on Thursday afternoon, blockchain data on ArkhamIntel shows. sndr_krisztian reports
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Celsius and Alex Mashinsky face slew of criminal, regulatory allegationsThe former CEO of the bankrupt crypto lender Celsius was charged in federal court in New York on Thursday for allegedly defrauding customers.
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Founder of crypto lender Celsius Network pleads not guilty to fraud chargesAlex Mashinsky, founder and former CEO of bankrupt cryptocurrency lender Celsius Network, pleaded not guilty Thursday to U.S. fraud charges that he misled customers and artificially inflated the value of his company's propriety crypto token.
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Founder of failed crypto lending platform Celsius Network arrested on fraud chargesThe founder and former CEO of the failed cryptocurrency lending platform Celsius Network has been arrested on federal fraud charges alleging that he schemed to defraud customers by misleading them about key aspects of the business.
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