Price of $XRP $ (XRP) has erased all the gains it made in the last two weeks. The decline was attributed to several factors, including the delay in Ripple's lawsuit against the SEC and the anticipated decline in interest rate cuts in September, among other factors. The SEC held a closed-door meeting
The highly anticipated closed meeting of August 1 between the authorities of the United States Securities and Exchange Commission (SEC) attracted the attention of crypto traders, with many comments that the representatives will discuss the decision with Ripple. However, the meeting was abruptly canceled. Ripple and the SEC have been tight-lipped, not offering specifics for the suspension, leaving the crypto community reeling. The price of XRP has decreased by about 10.75% since August. 1, with today's loss of 6.75%. The cut rate is in September
XRP's loss today is part of a broader crypto market decline, which was impacted by the fallout from September's interest rate cut. From August 2, CME data shows that the probability of a 25 base rate (bps) cut in September is 71.50%, down from 88.2% last week. Cut bets fell following Fed chairman Jerome Powell's July 31 conference, where he said any tough decision would depend on whether easing eases. Powell:
"The question will be whether the general data, the perspective of change, and the balance of risks are consistent with growing financial confidence and maintaining a strong labor market. If the test is met, the rate reduction in our policy may be on table as soon as the next meeting in September."
The price of XRP has dropped as much as 15.35% since Powell's press conference, indicating that many crypto traders are profiting amid the uncertainty of the rate. Ripple's 1 billion XRP open cargo
Ripple has moved over a billion XRP in the past 24 hours as part of a planned fund release from escrow. Whale Alert posted a series of slides showing these massive transfers in and out of Ripple's escrow fund. As of Aug. 2, 500 million XRP were withdrawn from the escrow account in two stages. This ultimately increases the supply in the market. If demand does not rise to match this influx, it can lead to downward pressure on prices. However, Ripple may also close a significant part of the newly released XRP, as its operations following the opening on June 1. Also, the company has also closed 800 million XRP, although it is selling around 300 million XRP, worth $182 million. XRP price technical: bearish divergence is selling
Today's XRP loss is part of a broader correction that precedes a bearish divergence on the daily chart. In particular, a bearish divergence is confirmed when the price is high but its influence indicator — the relative strength index (RSI), makes a low high. In other words, the increase in money does not have enough influence to continue, leading to a correction. Related: XRP déjà vu: Is a 60,000% price increase imminent? XRP has entered such a correction after exiting the highs around $0.658 on July 31, which coincides with the RSI high-low formation at 65.48. The increase in daily averages during the correction shows that traders are guilty of bearishness. As of Aug. 2, XRP price is testing the 0.5 Fibonacci retracement level around $0.571 as support, looking to rebound to the next Fib line around $0.607. Conversely, a break below the $0.571 support can see the 50-day (red wave) and 200-day (green wave) tests as moving averages (EMAs) as support, which steps on the same level of $0.54. This level continues to align with the 0.382 Fib line. This article does not contain investment advice or recommendations. Every investment and business move is risky, and students should do their own research when making a decision.
#SEC #XRP

After the idea, 20% could be dispensed as 10% to network Pool and 10% to Oracle pool. this will make on the spot block rewards cut off for users. as an alternative, the portion from the burn tax would cross into long-term staking rewards (#Oracle ) and improve LUNC staking. it will assist validators, however lower the APR by way of approximately ~zero.five% relying upon on-chain volumes.
The thought has received 99.97% votes in desire. All validators which include Interstellar front room, JESUSisLORD, and StakeBin have voted in choose of the proposal till now. other top validators are yet to vote on the PPJ proposal.
$LUNC

charge fell 5% in the ultimate 24 hours amid market-extensive selloff, with the price presently trading at $0.0001024. however, buying and selling extent has improved within the last few hours, with #LUNC✅ and 1000LUNC futures open interests growing.
in the meantime, #USTC rate additionally fell over four%, with the charge changing arms at $0.02059. The rate tumbled 12% in every week. The 24-hour low and high are $0.02034 and $0.02183, respectively.

#bitcoin☀️ #BTC500K #lunc

At Binance, the team periodically reviews each digital asset listed to ensure that it continues to meet a high level of standard and industry requirements. When a coin or token no longer meets these standards or the industry landscape changes, a more in-depth review is conducted and potentially delisted. The priority is to ensure the best services and protections for the users while continuing to adapt to evolving market dynamics.

When conducting these reviews, various factors are considered. Here are some that drive whether a decision is made to delist a digital asset:

- Commitment of the team to the project
- Level and quality of development activity
- Trading volume and liquidity
- Stability and safety of the network from attacks
- Network / smart contract stability
- Level of public communication
- Responsiveness to periodic due diligence requests
- Evidence of unethical/fraudulent conduct or negligence
- New regulatory requirements
- Contribution to a healthy and sustainable crypto ecosystem

Based on their most recent reviews, they have decided to delist and cease trading on all spot trading pairs for the following token(s) at 2024-06-17 03:00 (UTC):

OmiseGO (OMG)

Waves (WAVES)

Wrapped NXM (WNXM)

NEM (XEM)

Please note:

The exact trading pairs being removed are:
OMG/USDT,
WAVES/BTC,
WAVES/ETH,
WAVES/TRY,
WAVES/USDT
WNXM/USDT
XEM/USDT
All traders will be automatically removed after trading ceases in each respective trading pair.

To view their assets after trading ceases, they should ensure they have not selected “Hide Small Balances” in all of their wallets.

Deposits of these token(s) after 2024-06-18 03:00 (UTC) will not be credited to their account.

Withdrawals of these token(s) from Binance will not be supported after 2024-09-17 03:00 (UTC).

Delisted tokens MAY be converted into stablecoins on behalf of users after 2024-09-18 03:00 (UTC). Please note that the conversion of delisted tokens into The stability of stablecoins is NOT guaranteed. A separate notification will be made before the conversion where applicable, and the stablecoins will be credited to users’ Binance accounts after the conversion.

Binance Simple Earn will delist the token(s) mentioned above after 2024-06-13 03:00 (UTC). Users may choose to redeem their Flexible and Locked Products positions beforehand. Otherwise, these Flexible and Locked Products positions will be automatically redeemed at the above-mentioned time, and subsequently transferred to users’ Spot Wallets, together with any accrued rewards, from 2024-06-13 03:00 (UTC).

Binance Auto-Invest will delist the token(s) mentioned above after 2024-06-07 03:00 (UTC). Users may choose to remove the plan(s) beforehand. Otherwise, the next recurring cycle of the aforementioned token(s) will fail.
At 2024-06-11 03:00 (UTC), Binance Loans (Flexible and Stable Rates) and VIP Loan will close all outstanding loan positions for the aforementioned token(s) as loanable token(s) and collateral token(s). Users are strongly advised to repay their outstanding loans before 2024-06-11 03:00 (UTC) to avoid any potential losses, where applicable. Binance Futures will adjust the leverage and margin tiers of the USDⓈ-M WAVESUSDT perpetual contract at 2024-06-03 10:30 (UTC), as per the table below. Existing positions opened before the update will be affected.