XRP is the native token of the XRP Ledger, and the cryptocurrency used by the Ripple payment network. 

It's built for enterprise use on a global scale and helps power cost-efficient cross-border payments.

Bitcoin

PLUS: AI tokens not moving despite a $6.6 billion fundraise from OpenAI.

Bitcoin Flat Near $61K as Whales Continue to Accumulate; XRP Down 10% as SEC Appeals Case

The SEC has decided to appeal against a 2023 ruling in the hotly contested legal battle against Ripple Labs that dismissed the agency's broader claims about XRP (CRYPTO: XRP) sales. What Happened: The SEC lodged a notice of appeal aiming to overturn a prior decision made by Judge Analisa Torres that deemed programmatic sales of XRP to retail clients as legal while ruling that sales to institutional investors violated securities laws.

Gary Gensler's SEC Appeals 2023 Ruling Against Ripple Labs — XRP Tanks 10%: Just Prolongs 'Complete Embarassment' For Agency Says Company Exec

Ripple, a digital asset infrastructure provider, has received approval to expand its operations in Dubai. The Dubai Financial Services Authority (DFSA) granted Ripple “in-principle approval” to offer its services from the Dubai International Financial Centre.

Ripple Gets Green Light for Dubai Expansion

The U.S. Securities and Exchange Commission (SEC) has filed a formal notice of appeal against Ripple Labs in the U.S. Court of Appeals for the Second Circuit. The appeal follows a district court's ruling in August, which the SEC argues contained significant legal errors. SEC Challenges Ripple Labs Ruling in U.S.

SEC Appeals Ripple Case, Citing Errors in Final Judgment

Asset management firm Bitwise is seeking approval from the U.S. Securities and Exchange Commission (SEC) to launch a spot XRP exchange-traded fund (ETF), offering investors direct exposure to XRP through traditional brokerage accounts. “XRP has been an enduring crypto asset that many investors want exposure to,” said the CEO of Bitwise.

Bitwise Seeks SEC Approval to Launch Spot XRP ETF

The SEC's lawsuit against the crypto payments company has been ongoing since late 2020.

SEC Moves to Appeal Ripple Ruling as XRP Tumbles

"We believe that the district court decision in the Ripple matter conflicts with decades of Supreme Court precedent and securities law," an SEC spokesperson said.

SEC appeals Ripple case ruling, citing conflict with Supreme Court precedent

The U.S. Securities and Exchange Commission announced it would appeal a federal judge's ruling in its case against Ripple on Wednesday.

SEC Files Notice of Appeal in Case Against Ripple

Cardano

Ethereum

Bitcoin's price is currently retesting its "Bull Market Support Band" trend indicator, where prices often rebounded from pullbacks during uptrends.

Bitcoin Bounce Above $62K Quickly Fades; Ether, XRP, ADA, LINK Lose as Torrid October Continues

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

The Daily: FTX estate prepares to sell locked Worldcoin tokens at a discount, Bitwise files for a spot XRP ETF and more

A prominent player in the crypto investment space is filing for a new digital asset exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC).

$4,500,000,000 Crypto Firm Bitwise Files for First XRP-Based ETF With SEC: Report

Crypto asset manager Bitwise has filed an initial registration statement with the U.S. SEC for an exchange-traded product for XRP tokens, as it seeks to introduce more crypto products after a landmark regulatory decision to approve spot bitcoin ETF earlier this year.

Crypto asset manager Bitwise files for XRP ETP with securities regulator

Bitwise submitted an S-1 form to the U.S. Securities and Exchange Commission, a requirement for companies seeking to issue a new security and be listed on a public stock exchange.

Bitwise Makes XRP ETF Plans Official With SEC Filing

The S-1 filing by Bitwise Asset Management for a proposed XRP exchange-traded product (ETP) has sparked debate among investors and analysts regarding its potential approval by the U.S. Securities and Exchange Commission (SEC). What Happened: The proposal seeks to create a fund that directly holds (CRYPTO: XRP), providing investors with exposure to the digital asset.

Ripple ETF: Could It Happen? Bitwise's Filing Faces Uncertain Path Amid Regulatory Concerns

ATOM was the lone gainer in the index, rising 0.7%.

CoinDesk 20 Performance Update: Ripple's XRP Drops 5.1% as Nearly All Assets Decline

Bitwise has filed its registration statement with the SEC for an exchange-traded fund that would give investors exposure to the token XRP.

Bitwise files a registration statement with the SEC for a spot XRP ETF

Bitwise has confirmed plans to launch an XRP exchange-traded fund (ETF), confirming the authenticity of an application with the state of Delaware.

Asset Manager Bitwise Advances Plans for XRP ETF

In a groundbreaking move, cryptocurrency index fund manager Bitwise Asset Management filed for an XRP (CRYPTO: XRP) exchange-traded fund (ETF), a first for the U.S. market. What Happened: Bitwise submitted the ETF filing on Monday to Delaware's Department of State's Division of Corporations.

After Bitcoin, Ethereum An XRP ETF? Bitwise Registers Filing In Delaware Amid Rippe Vs SEC Legal Tussle

Asset management firm Bitwise has filed for a spot XRP exchange-traded fund (ETF) with the Delaware Division of Corporations. While this does not confirm an immediate filing with the U.S. Securities and Exchange Commission (SEC), it aligns with Ripple CEO Brad Garlinghouse's positive outlook on the future of XRP ETFs.

Asset Management Firm Bitwise Files for Spot XRP ETF

Crypto native asset manager Bitwise is moving toward creating an exchange-traded fund tracking XRP, the token closely associated with crypto company Ripple.

Bitwise Takes a Step Toward XRP ETF

Crypto index fund manager Bitwise has filed for a spot exchange-traded fund that would give investors exposure to the token XRP.

Crypto index fund manager Bitwise files for spot XRP exchange-traded fund

Bitwise aims to launch an XRP ETF, confirming to Decrypt that the filing with the state of Delaware is legitimate.

Bitwise Files for XRP ETF Following Bitcoin, Ethereum Approvals

The Dubai Financial Services Authority (DFSA) has granted in-principle approval to Ripple (CRYPTO: XRP) to offer blockchain-enabled payment services from the Dubai International Financial Centre (DIFC). What Happened: This regulatory decision allows Ripple to introduce its cross-border payment services, including Ripple Payments Direct (RPD), to customers in the United Arab Emirates (UAE).

Ripple Receives Dubai Approval For Blockchain Payment Services

Deep-pocketed investors have been busy accumulating massive amounts of XRP since September 20th, according to a popular crypto analyst. Ali Martinez tells his 72,900 followers on the social media platform X that crypto whales bought $286.7 million worth of XRP, the token used to operate Ripple Labs' payments platform, within 10 days.

Crypto Whales Gobble Nearly $300,000,000 Worth of XRP in Just 10 Days, Says Analyst

Ripple has received in-principle financial services license approval from the Dubai Financial Services Authority (DFSA).

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