Major cryptocurrencies surged on Thursday evening, propelled by a partial Ripple Inc victory that resulted in Bitcoin and other prominent digital assets soaring to new heights. Ripple is the company associated with the XRP token.CryptocurrencyGains +/-Price (Recorded 9:30 p.m. EDT)Bitcoin BTC/USD +3.48%$31,411Ethereum ETH/USD +7.61%$2013Dogecoin DOGE/USD +8.89%$0.070
What Happened: Ripple achieved a partial victory against the Securities and Exchange Commission (SEC) in a recent court ruling.
Judge Analisa Torres partially sided with the company in a case filed by the Securities and Exchange Commission back in 2020. As per the documents filed on July 13, Judge Torres granted summary judgment in favor of Ripple Labs. The ruling stated that the XRP token is not considered a security in relation to programmatic sales on digital asset exchanges.
However, the court also ruled that the institutional sale of XRP can be categorized as a security when it is sold to institutional investors, as it meets the conditions outlined in the Howey Test.
In response to this ruling, XRP, the native cryptocurrency of XRP Ledger, reached a peak increase of 96%, with a value of $0.93. This level of pricing has not been witnessed since March 2022.
Its worth mentioning that XRP Ledger is an open-source, public blockchain specifically created to enable expedited and cost-efficient payments.
Top Gainer (24 Hour)CryptocurrencyGains +/-Price (Recorded 9:30 p.m. EDT)XRP+60.90%$0.7583Stellar+51.59%$0.1453Solana+34.45%$29.29
At the time of writing, the global crypto market capitalization stood at $1.26 trillion, an increase of 6.52% over the last day.
U.S. stocks rallied on Thursday following a favorable inflation report, propelling both the S&P 500 and the Nasdaq Composite to their highest levels in more than a year. The S&P 500 surged 0.85% and the Nasdaq Composite experienced even greater gains, rising 1.58%.
See More: Best Crypto Day Trading Strategies
Analyst Notes: "Bitcoin holds $30,200 and most likely will start looking at range high again. Another test and well have a swift breakout to $38,000," wrote crypto trader Michael Van de Poppe.
Pseudonymous analyst Kaleo believes that XRPs victory in this case against the SEC is ten times more bullish to him than any ETF filings like BlackRock and Fidelity.
Data from on-chain analytics firm Santiment said XRPs social dominance, which measures the percentage of discussions related to an asset compared to all top 100 market cap assets, has surged to 7.4%. This marks the highest level of discussion about XRP since January 2021. The significant attention and FOMO surrounding XRP suggest that a cooldown period may be on the horizon. However, once traders shift their focus elsewhere and stop paying attention, there is a strong possibility of a second pump wave occurring.
Photo Courtesy: Shutterstock.com
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Acclaimed Italian actress Claudia Cardinale, who starred in The Pink Panther and Once Upon A Time In The West, has died aged 87, according to French media reports.
The actress, who starred in more than 100 films and made-for-TV productions, died in Nemours, France, surrounded by her children, her agent told the AFP news agency.
At the age of 17 she won a beauty contest in Tunisia, where she was born to Sicilian parents, and was rewarded with a trip to the Venice Film Festival, kick-starting her acting career.
She had expected to become a schoolteacher before she entered the beauty contest.
Image: Claudia Cardinale at the Prix Lumieres awards ceremony in Paris in January 2013. Pic: AP
Cardinale gained international fame in 1963 when she starred in both Federico Fellini’s 8-1/2 and The Leopard.
She went on to star in the comedy The Pink Panther and Sergio Leone’s Once Upon A Time In The West in 1968.
She considered 1966’s The Professionals as the best of her Hollywood films.
When she was awarded a lifetime achievement at the Berlin Film Festival in 2002, she said acting had been a great career.
“I’ve lived more than 150 lives, prostitute, saint, romantic, every kind of woman, and that is marvellous to have this opportunity to change yourself,” she said.
“I’ve worked with the most important directors. They gave me everything.”
Cardinale was named a goodwill ambassador for the UN Educational, Scientific and Cultural Organisation for the defence of women’s rights in 2000.
CHICAGO — Right-hander Cade Horton was removed after three innings of his start in the Chicago Cubs‘ game against the New York Mets on Tuesday because of back tightness. The club said Horton was removed “as a precaution” after throwing just 29 pitches.
Horton, a leading NL Rookie of the Year candidate, allowed a leadoff homer to New York’s Francisco Lindor but settled down and looked sharp for the remainder of his short outing. Horton allowed two hits, struck out two and departed with the Cubs leading 5-1.
After the Cubs extended the advantage to 6-1, New York rallied against the Chicago bullpen, scoring five unearned runs against Michael Soroka to tie the game and later grabbing the lead in a matchup with playoff implications for both clubs.
Horton, 24, is 11-4 on the season with a 2.67 ERA over 118 innings. The win total leads all rookie pitchers and the ERA leads rookies who have logged at least 100 innings.
Donald Trump disparaged the Russian military and backed Ukraine to retake all its occupied territory in an astonishing about-turn on the war.
In a post on Truth Social, made after talks with Volodymyr Zelenskyy at the United Nations in New York, the US president said a return to “the original borders from where this war started is very much an option”.
“I think Ukraine, with the support of the European Union, is in a position to fight and WIN all of Ukraine back in its original form,” he wrote.
Mr Trump said “time, patience, and the financial support of Europe and, in particular, NATO” could help Kyv win back lost territory, and said Russia was in “economic trouble”.
He said Moscow had been “fighting aimlessly” for three-and-a-half years – and had it been a “real military power” it would have defeated Ukraine in less than a week.
“This is not distinguishing Russia. In fact, it is very much making them look like ‘a paper tiger’,” he added.
He later admitted he was surprised by Mr Trump’s comments, telling Fox News’ Special Report he has a better relationship with the president than before.
Image: Donald Trump and Volodymyr Zelenskyy at the United Nations. Pic: Reuters
Trump’s patience not ‘infinite’
Mr Trump also appeared to pour cold water on his hopes of persuading Vladimir Putin to sign a peace deal.
Speaking to Emmanuel Macron at the UN summit, he said their relationship had turned out to be meaningless.
Just last month, Mr Trump rolled out the red carpet for the Russian president at a summit in Alaska – in a push to expedite the war’s conclusion.
Before returning to the White House, he repeatedly claimed he’d be able to end the conflict in 24 hours.
Speaking at the UN Security Council, his secretary of state, Marco Rubio, admitted ending the war had proven an “extraordinary challenge”.
He said Mr Trump had “worked on it tirelessly”, but warned Russia his patience is not “infinite”.
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Rigby to Trump: Was Putin’s Alaska invite a mistake?
The US president has previously suggested Ukraine will never be able to reclaim all the territory Russia has occupied since seizing the Crimean Peninsula in 2014.
Ukraine has lost large areas of land in the east of the country.
In the Donetsk region, Russia now controls about 70% of the territory. Kyiv’s forces have been pushed back to four cities analysts have dubbed the “fortress belt”.
Moscow has partly annexed three other regions, too: Luhansk in the east, Zaporizhzhia and Kherson further west.
Image: The situation in Ukraine on 19 September
Trump tells NATO to shoot down Russian jets in its skies
Meanwhile, Russia appears to be provoking its neighbours to the west. Last week, Estonia said three Russian MiG-31 fighter jets violated its airspace for 12 minutes before Italian NATO jets escorted them away.
While talking to Mr Zelenskyy at the UN, Mr Trump was asked by reporters whether he thought NATO should shoot down any Russian planes that entered NATO airspace.
“Yes, I do,” Mr Trump replied.
On Truth Social, he said the US would continue to supply weapons to NATO, and it was for the alliance to “do what they want with them”.
Mr Trump also suggested the Russian people are not aware of “what is really going on with this war”.
He added: “Most of their money is being spent on fighting Ukraine. Putin and Russia are in big economic trouble and this is the time for Ukraine to act.”
He has called on European and NATO allies to increase economic sanctions on Moscow.
In a joint statement following the president’s comments, G7 foreign ministers said discussions were ongoing about additional economic sanctions on Russia.