Fokus Pasar Kripto Minggu Ini: Ripple Cross Appeal dan Arus Masuk ETF BTC-Spot

安鑫加密 · 2024-10-12T07:58:48.000Z

Poin-poin penting: ETF BTC Spot AS melanjutkan arus masuk setelah arus keluar selama tiga hari berturut-turut, mendorong Bitcoin naik 3,54% menjadi $62,447. XRP naik ketika Ripple mengajukan banding atas keputusan akhir dalam kasus SEC terhadap Ripple, menantang hukuman dalam pertarungan hukum yang sedang berlangsung. SEC menggugat Cumberland DRW karena melanggar undang-undang sekuritas AS dengan beroperasi sebagai bursa mata uang kripto yang tidak terdaftar. Indikator ekonomi AS meningkatkan ekspektasi penurunan suku bunga The Fed Indikator-indikator utama perekonomian AS mendukung ekspektasi penurunan suku bunga sebesar 25 basis poin oleh Federal Reserve pada bulan November. Selain itu, data terus menunjukkan adanya soft landing bagi The Fed, yang memungkinkan penurunan suku bunga sebesar 50 basis poin. Statistik utama meliputi:

Key points:The U.S. BTC spot ETF resumed inflows after 3 consecutive days of outflows, pushing Bitcoin up 3.54% to $62,447.
XRP rallied as Ripple filed a cross-appeal against the final decision in the SEC vs. Ripple case, challenging the penalties in the ongoing legal battle.
The SEC sued Cumberland DRW for violating U.S. securities laws by operating as an unregistered cryptocurrency exchange.
U.S. economic indicators boost expectations of Fed rate cutsKey U.S. economic indicators support expectations of a 25 basis point rate cut by the Federal Reserve in November. In addition, data continue to point to a soft landing by the Federal Reserve, making a 50 basis point rate cut by the Federal Reserve possible. Key statistics include:
Annual inflation fell from 2.5% in August to 2.4% in September, while core inflation rose from 3.2% to 3.3%.
Initial jobless claims jumped from 225k (week ended September 28) to 258k (week ended October 5). Economists attributed the surge to hurricane season.
Producer prices rose 1.8% year-on-year in September, down from a 1.9% gain in August.
Michigan’s consumer sentiment index slipped to 68.9 in October from 70.1 in September.
According to the CME FedWatch tool, the probability of a 25 basis point rate cut by the Federal Reserve in November fell slightly to 89.5% from 97.4% in the week ended Oct. 11. The probability of a 50 basis point rate cut by the Fed remains zero.
Notably, the Nasdaq Composite Index closed the week up 1.13%, while the total cryptocurrency market cap fell 0.40%. The weekly decline came as the U.S. Securities and Exchange Commission (SEC) continued to target the U.S. digital asset sector.
Crypto Mkt Cap Weekly Chart 121024
XRP cross-appeals final decision on SEC appeal noticeOn October 10, Ripple filed a cross-appeal challenging Judge Analisa Torres’ final decision in the SEC v. Ripple case.
In the final court ruling, Judge Torres ordered Ripple to pay a $125 million civil penalty for violating Section 5 of the U.S. Securities Act. However, Judge Torres rejected the SEC's request for punitive disgorgement and a ban on the sale of XRP to institutional investors.
Ripple’s cross-appeal follows the SEC’s filing of a notice of appeal on October 2. The court docket shows that the SEC is targeting summary judgment (July 2023) and final judgment (August 2024). The listing for summary judgment is significant, with the agency challenging the ruling on programmatic sales of XRP.
Investors reacted positively to Ripple’s crossover call, with XRP rising 1.24% on Thursday and extending gains on Friday.
From Monday, October 7 to Saturday, October 12, XRP increased by 0.41% to $0.5357.
XRP Weekly Chart 121024
US BTC spot ETF market boosts BTC demandThe U.S. BTC spot ETF market reported net inflows for the week ending Oct. 11. Friday’s inflows ended three straight days of outflows. The inflows led to Friday’s BTC breakout, pushing BTC up 3.54% to close at $62,447.
According to Farside Investors, the U.S. BTC spot ETF market saw net inflows of $348.5 million, recovering from outflows of $274.3 million in the previous week. Major issuers include:
iShares Bitcoin Trust (IBIT) saw net inflows of $140.6 million. (Last week: +$135.3 million).
Fidelity Wise Origin Bitcoin Fund (FBTC) saw net inflows of $138.2 million. (PW: -$138.9 million).
The Bitwise Bitcoin ETF (BIT) reported inflows of $35.7 million. (PW: -$36 million).
The ARK 21Shares Bitcoin ETF (ARKB) saw net inflows of $35.4 million (PW: -$206.8 million).
Six out of 11 issuers recorded net inflows, supporting Bitcoin’s recovery from sub-$60,000 levels.
BTC fell 0.60% to $62,437 between Monday, October 7 and Saturday, October 12. BTC has recovered from Thursday’s low of $58,926.
BTC Weekly Chart 121024
SEC sues Cumberland DRW for violating U.S. securities lawsOn October 10, the U.S. Securities and Exchange Commission charged Cumberland DRW with operating as an unregistered cryptocurrency exchange. According to the SEC’s press release,
“According to the SEC’s complaint, from at least March 2018 until the present, Cumberland has acted as an unregistered dealer, buying and selling crypto assets that are securities for its own account as part of its regular course of business.”
The Acting Chief of the SEC’s Crypto Assets and Cybersecurity Unit (CACU) stated,
“Federal securities laws require all dealers in all securities to register with the Commission, and those operating in the crypto-asset markets are no exception.”
The SEC is seeking civil penalties, disgorgement, prejudgment interest, and permanent injunctive relief.
US government gets approval to sell 69k BTCOn October 8, news broke that the U.S. government had been granted permission to sell 69k BTC. In 2022, a court ordered Battleborn Investments to forfeit the cryptocurrency holdings. The case was related to the Silk Road seizure. However, this week, the U.S. Court of Appeals ruled that it would not hear an appeal against the forfeiture.
The prospect of a massive BTC sale weighed on sentiment, pushing BTC to a weekly low of $58,927. According to Arkham Intelligence, the U.S. government has 203,239k BTC in stock, which equates to $12.73 billion.


It should be emphasized that this article is for reference only and does not constitute investment advice.