The U.S. Securities and Exchange Commission (SEC) has escalated its legal battle with Ripple, filing an appeal to contest portions of a district court ruling that categorized the XRP token differently based on whether sales were made to institutional investors or retail participants.
Robert Kiyosaki says a historic crash is here, XRP short sellers capitalize on bearish trends, Ripple execs meet Trump, and more in this Week in Review.
Week in Review
Robert Kiyosaki, author of Rich Dad Poor Dad, predicts an imminent economic collapse and urges investors to secure assets like bitcoin. XRP has faced bearish trends, trading between $2.19 and $2.25, but still shows strong altcoin potential amid the market downturn. Ripple CEO Brad Garlinghouse’s dinner with President-elect Trump has sparked optimism about Ripple’s regulatory challenges. QCP Capital has pioneered a derivatives trade using Blackrock’s BUIDL tokenized fund as collateral. Lastly, a Matrixport report suggests Bitcoin may enter a consolidation phase due to the Fed’s hawkish stance
Seven in ten publicly traded bitcoin (BTC) mining companies are enjoying a strong start to 2025, with Riot Platforms leading the pack in terms of percentage gains among the top ten firms by market cap.
Unable to check in today due to 'insufficient points inventory,' and I can't claim points for completed daily tasks either. Only mentioned that points were supposed to replenish on the 5th. Is this a system issue? Anyone else facing this? #Flicky123Nohawn #BinanceSquare #DailyTaskPointsIssue
Global trade recovery: The World Trade Organization (WTO) Goods Trade Barometer reports that global goods trade has continued to recover in the third quarter of 2024. This is after demand for traded goods stalled in 2023 due to high inflation and interest rates.
Recent data reveals that spot bitcoin (BTC) and ether (ETH) exchange-traded funds (ETFs) experienced collective net outflows amounting to $742.24 millions
On Wednesday, U.S.-based bitcoin and ethereum ETFs faced significant reductions, with bitcoin ETFs losing $582.90 million and ether ETFs seeing $159.34 million in outflows. Fidelity’s FBTC led the declines, shedding $258.69 million, followed by Ark Invest and 21shares’ ARKB, which reported a $148.30 million loss.
Robert Kiyosaki, author of Rich Dad Poor Dad, has reiterated his predictions of an economic collapse, referencing insights from his 2013 book Rich Dad’s Prophecy. Rich Dad Poor Dad, co-authored with Sharon Lechter in 1997, has sold over 32 million copies in more than 51 languages across 109 countries and remained on the New York Times Best Seller List for over six years.
Kiyosaki stated on social media platform X Tuesday: “I warned y’all. 2013 Published Rich Dad’s Proph
The Director-General of the Nigerian Securities and Exchange Commission (SEC), Emotimi Agama, warned that some virtual asset service provider (VASP) license applicants do not meet the regulator’s requirements and will have their applications rejected. However, Agama, speaking at a meeting with applicants, said the commission will continue providing clarity on complex issues to assist in the registration process.