#BTC Ripple Labs is approaching a significant milestone in the case of Zakinov v. #RippleLabs Inc., with a critical court hearing scheduled on Jan. 11. This session will address the class action suit's motion to approve the form and manner of class notice. Obtaining class statusIn the previous year, a significant development unfolded as $XRP #investors were granted class status in the securities lawsuit stipulated by Zakinov v. Ripple Labs. Judge Phyllis J. Hamilton confirmed the class met the necessary requirements for certification, setting the stage for a class action that alleges Ripple sold XRP as an unregistered security. It is worth noting that Ripple scored a partial victory against the U.S. Securities and Exchange Commission last year, with the court recognizing that secondary XRP sales did not qualify as investment contracts.   Ripple's counterarguments, which have stressed concerns over the adequacy of class representation and individual claim defenses, were overruled. The case, which is spearheaded by lead plaintiff Bradley Sostack, has consolidated three separate lawsuits under its umbrella, including Zakinov, Oconer, and Greenwald.The trial has already been postponed seven times, and it is expected to take place later this year. Kraken's involvement As reported by U.Today, Kraken, a significant cryptocurrency #exchange , recently took a bold step by filing a motion to intervene in the ongoing legal dispute between Ripple and its plaintiffs. This move follows an order mandating U.S. #exchanges to release private customer trading data, bringing the issue of client privacy to the forefront. 🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice. @WISE CRYPTO NEWS

#BTC Ripple Labs has reinforced its market standing with a $285 million share buybackContents: 🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice. Ripple's financial position remains strong  Ripple's previous buyback  #RippleLabs , the cryptocurrency giant known for its XRPcoins, has announced a substantial buyback of its shares. The company is set to repurchase $285 million worth of shares from early #investors and employees, according to anonymous two sources cited by Reuters in their Wednesday report. This tender offer propels Ripple's valuation to an impressive $11.3 billion.Ripple's decision to buy back shares is a strategic move to strengthen investor confidence and assert its financial stability. The #Buyback limits investors to selling only up to 6% of their stake. This restriction is a savvy approach to maintaining a balanced shareholder structure. Ripple's financial position remains strong  #RippleCEO Brad Garlinghouse, emphasized the company's strong financial position, with over $1 billion in cash and $25 billion in crypto assets, primarily XRP. Despite ongoing legal battles with the U.S. Securities and Exchange Commission, Ripple has demonstrated resilience and growth, recently acquiring Switzerland-based crypto custody firm Metaco for $250 million.Ripple's previous buyback  Notably, this isn't Ripple's first foray into share buybacks. In early January 2022, the company had previously repurchased shares issued after securing $200 million in funding in 2019. This earlier buyback, at a valuation of $15 billion, represented a significant increase from the $10 billion valuation at the time of the funding round. The move not only underscored Ripple's strong market momentum but also suggested a hefty 50% profit for investors in just over two years.

#Write2Earn Ripple Labs has finalized deals to acquire Standard Custody & Trust Company as part of its #portfolio firms in its expansionary driveSTORY HIGHLIGHTSRipple is on track to acquire Standard CustodyThis is the next high level acquisition from the firm after MetacoThe deal is awaiting regulatory approvalBlockchain payments firm Ripple Labs announced its acquisition of Standard Custody & Trust Company, an enterprise-grade regulated platform for digital assets. Ripple and Standard Custody Deal Awaiting Approval#RippleLabs has agreed to acquire Standard Custody, a subsidiary of PolySign, in a deal that is still awaiting regulatory approval. The request for approval from the appropriate authorities underscores Ripple’s commitment to complying with regulations available in different jurisdictions. The deal is also another means for the firm to explore new opportunities and enhance its existing products. Once the deal pulls through, the crypto firm will become the sole shareholder of Standard Custody, thereby becoming a custodian of all the firm’s existing licenses and registration. Precisely, Ripple Labs will leverage Standard Custody’s limited purpose trust charter as well as its money transmitter licenses to boost its regulatory licenses portfolio amongst other perks.Ripple’s President Monica Long shared her thoughts on the acquisition as well as Ripple’s stance. “What Standard Custody brings to the portfolio here is another set of important licenses with trust licenses in the U.S.,” Long said in an interview. “Being able to provide not just the technology component to financial institutions who want to use blockchain for all types of decentralized financial services, you also need a compliance piece. And so these licenses are really key to us being able to deliver that full end-to-end solution.”Besides Standard Custody, Ripple has also added Metaco, a custody solutions provider to its portfolio of companies as it looks to bolster its business across different jurisdictions.Ripple Labs Pushing for More ExpansionIt looks like Ripple Labs is gradually trying to establish its position in the financial landscape, especially after almost three years of being subjected to enforcement actions by the U.S. SEC. Amongst other things, $XRP  is one of the intense drivers in the Ripple ecosystem and with the verdict from Judge Analisa Torres declaring the coin is not an investment contract, Ripple is looking at bolstering its business reach across the board.XRP is popular for its utilization in cross-border payments and has been moving Ripple towards reactivation and further expansion. Ripple’s Senior Director W. Oliver Segovia mentioned that the settlement firm is now looking to push Ripple Payments service, a payment option that leverages XRP, within the U.S. Beyond all that it has achieved so far, the crypto payments firm is still keen on expanding its services further.#BTC #TrendingTopic

#Write2Earn TLDRRebel Satoshi (RBLZ) has gained momentum in its presale as it approaches its launch on DEXs.Experts project an 83% price surge for XRP by the end of 2024.Market analysts foresee AAVE crossing the $150 price mark in 2024.Rebel Satoshi (RBLZ) has emerged on the crypto landscape as the best ICO with a remarkable presale performance. Meanwhile, XRP and AAVE have been on the decline for the past week, prompting investors to move to other top altcoins.Let’s review the latest developments around $RBLZ, XRP, and AAVE to find the best crypto to invest in!Rebel Satoshi Draws Investors’ Attention After Raising Over $1.5 MillionAs the crypto world watches the fluctuating fortunes of XRP and AAVE, Rebel Satoshi is rapidly becoming a focal point of investor interest. Rebel Satoshi’s presale momentum is not just drawing attention; it’s actively redirecting it from top altcoins to this emerging top ICO, thanks to a remarkable fundraising achievement of over $1.5 million.Rebel Satoshi stands as a testament to the power of community-driven initiatives and the appeal of decentralization.Its mission is ambitious: to challenge the centralized powers and democratize finance for all. Rebel Satoshi’s vision of creating a more equitable financial landscape is resonating with investors.What remains the highlight of Rebel Satoshi is its presale journey. From an initial price of $0.01 per $RBLZ in the Early Bird Round to a significant rise to $0.0224 per $RBLZ by the Monarchs Round 4, it has showcased a 124% growth. This impressive presale performance highlights Rebel Satoshi’s potential as the best crypto investment opportunity.With the February launch of Rebel Satoshi on Decentralized Exchanges (DEXs) on the horizon, $RBLZ is set to enter the market at $0.025, signalling a promising 150% ROI for those who invested early.Furthermore, investors have the option to purchase $RBLZ tokens using Bitcoin and 50 other top crypto coins!XRP Dips as Binance Freezes Stolen XRP in $120 Million ExploitOn February 1, 2024, Binance CEO Richard Teng revealed on X that Binance took swift action by freezing $4.2 million worth of XRP tokens associated with a $120 million exploit.The incident unfolded in the last week of January, where the stolen tokens were traced back to a wallet belonging to Chris Larsen, the Executive Chairman of #RippleLabs .Larsen clarified that the breach impacted his “personal XRP accounts” and assured that Ripple itself remained secure. This move by Binance underscores the platform’s commitment to addressing security breaches promptly.Despite the security incident, the past week witnessed a dip in XRP’s price by 5.3%. The XRP price decreased from $0.5180 to $0.4903. So, is XRP still the right crypto to buy now?Looking into the future, expert predictions for XRP remain mixed. Bullish forecasts suggest an 83% increase, pushing the price to $0.8999 in 2024, driven by speculation of an upcoming bull run.However, more conservative projections hint that $XRP might struggle to surpass $0.7510 if bearish sentiments persist.AAVE Struggles as Aave Explores Multi-Blockchain Integration for GHO StablecoinOn January 17, 2024, Aave Labs unveiled a new governance proposal aimed at integrating the GHO stablecoin across various blockchain networks. The initiative seeks to enhance GHO’s liquidity, accessibility, and interoperability while emphasizing security and stability.Aave Labs proposes using Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to facilitate communication and interaction between blockchains. Currently confined to minting on the Ethereum mainnet, GHO faces limitations in widespread use, hindering its potential reach and utility in the decentralized finance (DeFi) space.In the past week, AAVE has experienced a 7.7% dip in its price, dropping from $89.92 to $82.98. However, experts predict a bullish trajectory for $AAVE in 2024.Anticipation of an upcoming bull run suggests that AAVE could surpass the $150 mark, reaching $156.80. However, more conservative forecasts hint at the possibility of #AAVE staying below $130.34 if bearish sentiments dominate the market.For the latest updates and more information, be sure to visit the official #rebelsatoshi Presale Website or contact Rebel Red via TelegramDisclaimer and Risk WarningThis is a press release post. @WISE CRYPTO NEWS does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for informational purposes only and is provided to us by a third party. @WISE CRYPTO NEWS should not be held responsible for image copyright issues. Contact us if you have any issues or concerns. Readers should do their research before taking any actions related to the company.#TrendingTopic

#Write2Earn Ripple and SEC have entered 'remedies' phase of lawsuitThe legal battle between #RippleLabs  and the U.S. Securities and Exchange Commission (SEC) is heating up as both parties prepare for the next key deadline in the case.As Ripple and the SEC enter the "remedies" phase of the case focusing on institutional sales, the upcoming deadline in the case would be Feb. 20.Ripple scored a landmark win in the lawsuit in July 2023; however, the Court determined that certain $XRP institutional sales were investment contracts and hence should have been registered with the SEC.#XRPcommunity  #SecGov  v. Ripple XRP Ripple requests a one-week extension of the deadline for remedies-related discovery, from February 12, 2024 to February 20, 2024. pic.twitter.com/xjIZQuY7jQ— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) February 6, 2024It should be recalled that earlier in February, Ripple requested a one-week extension of the deadline for remedies-related discovery from Feb. 12 to Feb. 20, making this the next crucial deadline in the legal battle.At this point, the discovery phase remains crucial, as it could reveal new information or arguments that could impact remedies.In a throwback to events that preceded this key timeline, the SEC served nine interrogatories and three RFPs on Ripple on Nov. 14.After the parties met and conferred on Dec. 21 and Jan. 3 to narrow the dispute, the SEC filed a motion on Jan. 11 to compel discovery of Ripple's financial statements for the years 2022 and 2023, post-complaint written contracts governing XRP sales to institutional buyers, hedge funds and ODL customers, and the proceeds Ripple received for delivering XRP after the complaint was filed, but under written contracts entered into before.On Feb. 5, Judge Netburn granted the SEC's motion to compel in full. Following Judge Netburn's decision, Ripple stated that it would disclose available financial statements and serve a response to the SEC's interrogatory about post-complaint proceeds from pre-complaint contracts by the prior discovery deadline of Feb. 12, 2024.Ripple, however, sought a brief extension until Feb. 20 to produce its contracts for the sale of XRP to institutional buyers, hedge funds and ODL customers from a rough three-year period before, citing the difficulty associated with trying to collect and produce those documents by the previous deadline.Ripple did not request changes to any other deadlines in this case, with these remaining the same. Legal briefs are expected to be submitted in March and April of this year, and then the Court will decide which remedies to impose.#TrendingTopic

CryptosHeadlines.com - The Leading Crypto Research Network

Chris Larsen, the chair of Ripple Labs, said it’s time for Congress to lead on crypto policy amid recent cases involving Ripple, Grayscale, and the SEC.

The United States is trying to fix its mistakes in crypto policy after the Biden administration’s missteps, according to Chris Larsen, the chair and co-founder of Ripple Labs.

In an interview with Bloomberg on September 7, Larsen discussed his company’s partial legal victory against the Securities and Exchange Commission (SEC) in July, stating that the regulator lost on key issues related to industry regulation.

He said, “The U.S. made mistakes in crypto and blockchain policy. Now, we are seeking clarity through the courts, instead of regulators, to get back on track.”

Larsen also commented on a recent court ruling in favor of Grayscale, which was seeking approval to convert its Bitcoin trust into a spot Bitcoin exchange-traded fund (ETF). He noted that this ruling “strongly criticized the SEC, which is not something you see often.”

Larsen believes the recent ruling shows that SEC chair Gary Gensler is aware of the lack of clear crypto laws and prefers it that way so he can enforce rules arbitrarily through intimidation.

Larsen stated, “This isn’t how America should operate. We need clear rules established by lawmakers, not by unelected and overly ambitious decision-makers like Gary Gensler.”

However, Gensler has previously expressed concerns about fraudulent activities and Ponzi schemes in the crypto market. He believes that applying the SEC’s securities laws can help clean up the industry.

Biden ended the San Francisco blockchain hub

According to Larsen, Biden’s crypto policies have severely impacted San Francisco’s potential to be the global center for blockchain technology, despite the city’s renowned tech status in Silicon Valley. He noted that the Biden administration’s actions seemed to push the crypto industry away from the United States.

Larsen expressed disappointment at the missed opportunity, saying it had a negative impact on the city. He pointed out that cities like London, Singapore, and Dubai have become global blockchain hubs due to their clear regulations that protect consumers while fostering innovation.

He questioned why the United States isn’t leading in this regard, emphasizing the country’s historical role in innovation and the need to reclaim that leadership position.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#cryptomarket #RippleLabs #Ripple #XRP #Biden

#BinanceTournament The cryptocurrency market is abuzz with excitement as huge Ripple ($XRP ) transactions by prominent whales, including one presumed to be #RippleLabs , have captured the attention of investors. According to data from Whale Alert, these large-scale XRP transfers have sparked heightened interest within the #Cryptocommunity . Alongside these developments, Mantle (MNT) and InQubeta (QUBE) are experiencing a notable spike in funding.These projects’ unique features and innovative approaches have attracted attention for their role in redefining blockchain infrastructures. Meanwhile, InQubeta is driving demand as the best crypto to invest in with its unique solution, transforming the crypto AI market. The project’s revolutionary features, such as a popular NFT marketplace and extensive suite of services, have positioned QUBE as a good crypto for considerable gain.Let’s explore Ripple’s massive transfers and examine why Mantle and InQubeta have seen a surge in funding.InQubeta (#QUBE ): Revolutionizing AI Funding Through Crypto Crowdfunding and Deflationary QUBE TokensInQubeta leads innovation as the global pioneer in crypto crowdfunding for AI startups. The platform introduces QUBE tokens, a deflationary token that aims to transform how AI ventures obtain funding and engage with their communities. This new DeFi crypto has seen a significant increase in funding, with over $5.4 million raised in its current pre­sale.The pre­sale for QUBE tokens is divided into ten stages and has experienced remarkable growth. In stage 5, over 536 million tokens have been sold at 0.0161 USDT. Investors can participate in the presale using different coins, which helps achieve the platform’s goal of democratizing AI funding. The process ensures transparency and security through thorough auditing processes.The surge in funding for this new DeFi crypto can be attributed to its NFT marketplace. This marketplace allows AI startups to turn investment opportunities into tradable tokens. These tokens, or fractional NFTs, are listed on InQubeta’s platform. QUBE token holders can invest according to their budget and potentially earn rewards and benefits as the projects progress, through e­quity-based NFTs.InQubeta extends its support beyond just finances. It also provides mentorship from seasone­d industry professionals. AI startups can benefit from a network of experienced individuals who offer valuable guidance, helping them overcome the challenges of building and growing their business. In addition, InQubeta gives strategic advice to refine business plans and identify growth opportunities.Ripple (XRP) Surge: Unraveling Major XRP Transactions and Market SpeculationRipple is a well-known cryptocurrency that makes international transactions easier. Created by Ripple Labs, XRP is based on a decentralized ledger system. This system works to make international money exchanges more efficient. XRP focuses on speed and saving money. Because of this, it’s popular in the finance world as a fast, safe­ way to make payments cross-border.In an exciting turn of e­vents, large Ripple holde­rs, commonly called “whale­s,” have made significant transfers. According to Whale­ Alert, there was a substantial move of 200 million XRP tokens. Detaile­d blockchain analysis showed that Ripple Labs transfe­rred 90 million XRP to the wallet addre­ss “rJqiMb” and then sent 85 million XRP to “rP4X2h.” Despite the speculation within the crypto community, the purpose and recipients of these transactions remain undisclosed.Mantle (MNT):  Blockchain Project Gains Momentum with Surging Funding and DevelopmentMantle is a blockchain project gaining attention in the cryptocurrency market. It aims to provide de­centralized application solutions and offers a platform for de­velopers to build and deploy applications securely. MNT is known for its innovative­ approach to blockchain technology, focusing on scalability and user-friendly de­velopment environments.Mantle has recently received significant funding, attracting the attention of both investors and enthusiasts. This surge in financing indicates that there is increasing confidence in the project’s vision and capabilities. With continued financial support, MNT is poise­d for further growth and expanding its e­cosystem.SummarySignificant transfers of Ripple­ tokens by influential whales have sparke­d excitement in the­ market. At the same time, Mantle and InQubeta are receiving substantial funding. InQubeta’s platform combines crypto crowdfunding, a popular NFT marketplace, mentorship, and a strong focus on se­curity. This creates a unique ecosystem that empowers inve­stors and supports the growth and success of AI technology startups, making InQubeta the best crypto to invest in today. InQubeta Presale  | InQubeta CommunitiesDisclaimer and Risk WarningThis is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for informational purposes only and is provided to us by a third party. Coinpedia should not be held responsible for image copyright issues. Contact us if you have any issues or concerns. Readers should do their research before taking any actions related to the company.#USTC

In a regular monthly occurrence, Ripple Labs has released 1 billion XRP tokens into the Ripple ecosystem at the beginning of November, as reported by blockchain intelligence firm Whale Alert. This consistent practice, accounting for approximately 1% of the eventual total supply, is part of Ripple's strategy to gradually increase circulation until the entire supply is released by April 2027.

Release Structure and Escrow Smart Contract
The release of the tokens follows Ripple Labs' standard practice since 2017, with the company utilizing an escrow smart contract. The tokens are typically released in three tranches, a strategy aimed at preventing supply shocks that could significantly impact the price of XRP. This structured approach aligns with Ripple's long-term plan to manage the release of XRP into the market.
Current Circulation and Future Supply
As of November, slightly over half of the total XRP supply that will ever be issued is currently in circulation. Ripple Labs has maintained a consistent pattern of increasing the circulating supply each month, adhering to their timeline to release the entire XRP supply by April 2027. Despite the ongoing increase in supply, demand for XRP remains robust, driven by Ripple's strategic partnerships in the finance sector and its high-profile legal battle with the U.S. Securities and Exchange Commission (SEC).
Strategic Approach Amidst Legal Battles
Ripple's unique approach of releasing a portion of the supply monthly while re-locking a sizable portion aligns with its broader strategy. This approach not only allows for a controlled increase in circulation but also aims to mitigate potential price volatility caused by sudden supply influxes. The demand for XRP continues to be fueled not only by its utility in the financial sector but also by the ongoing legal challenges Ripple faces, distinguishing it from other cryptocurrencies that opt for supply reduction to enhance value.
Contrasting Dynamics in the Crypto Landscape
The crypto industry often witnesses projects reducing supply to increase perceived scarcity and, consequently, value. In contrast, Ripple's methodical increase in supply, coupled with strong market demand, showcases a different strategic approach. The interplay between supply dynamics and external factors, such as legal battles and strategic partnerships, adds layers of complexity to Ripple's journey in the evolving cryptocurrency landscape.
Navigating Supply Dynamics for Long-Term Growth

Ripple's monthly release of XRP tokens underscores a carefully orchestrated strategy to manage the cryptocurrency's supply dynamics. As Ripple continues to navigate legal challenges and strengthen its position in the financial industry, the controlled release of XRP remains a crucial aspect of its long-term growth strategy. The coming months will shed light on how these dynamics shape XRP's role in the broader cryptocurrency market.
#Ripple #RippleLabs

#TrendingTopic XRP has failed to rally as much as its peers despite boom in bull cycle$XRP , the associated cryptocurrency of #RippleLabs Inc, has now found itself engaged in a battle against the formidable resistance level of $0.7 while its rivals soar to new heights. This resistance has proven to be impenetrable in recent times, presenting both challenges and opportunities for XRP #investors and #traders alike. XRP’s unprecedented rallyAccording to current data from #CoinMarketCap , XRP has witnessed an astounding surge of 50% within a mere 24 hours, an event that highlights heightened investor enthusiasm. Currently ranked sixth among the largest digital assets, XRP boasts a market capitalization of $35.4 billion. Its trading volume now constitutes over 22% of its capitalization, indicating market activity and interest.At its current price of $0.6472, XRP is experiencing its highest point since the beginning of the year. This surge suggests substantial momentum building within the XRP market. However, the journey toward higher valuations is hindered by the resistance at $0.7, a level fortified by historical price actions characterized by notable sell-offs.The $0.7 resistance presents a major hurdle that XRP must overcome to continue its upward trajectory. Despite its recent surge, XRP's ability to breach this threshold is crucial for sustaining bullish momentum. Failure to do so may signal a lack of confidence on the market, potentially leading to a downturn.XRP's journey to $0.7 is contingent on its ability to maintain momentum and push through critical resistance. While Bitcoin's market dominance often influences the direction of altcoins, XRP's price action must be independently strong to reach new highs. However, taking hints from Bitcoin's recent performance, a marketwide sentiment boost could provide the necessary momentum for XRP to break through its current resistance.Comparative analysis of rivals: Solana and PolygonWhile XRP grapples with its resistance, its rivals Solana ($SOL ) and Polygon ($MATIC ) have been showcasing remarkable price performance. SOL's recent rally past the upper trendline of its ascending channel confirms bullish sentiment, setting the stage for further highs. Similarly, MATIC has experienced substantial gains, trading at $1.13 per unit, with a notable increase from the start of February.