Ripple v. SEC Lawsuit Update October 8th

TL;DR The SEC appealed Judge Torres’s recent ruling, causing a sharp drop in the asset’s price. The XRP community launched a petition against the SEC’s contend, but it lacks the legal power to stop the ongoing legal process. The XRP Community is Not Pleased The nearly four-year-old legal battle between...

Crypto Companies Pour $170M into Premier League Sponsorships

According to a September 7 report by Bloomberg, Premier League (PL) clubs have secured a record-breaking $170 million in sponsorship deals from crypto companies for the 2024/25 season. This uptick comes as league participants face tightening restrictions on gambling sponsorships, which have traditionally been a major source of revenue for...

Bitcoin Leads Investor Activity with $159M in Outflows; But Multi-Asset Products Shine

Digital asset investment products recorded minor outflows of $147 million over the past week, likely driven by stronger-than-anticipated economic data that reduced expectations for substantial rate cuts. ETP investment product trading volumes rose slightly by 15% to $10 billion, while overall crypto market volumes remained lower. Bitcoin saw significant investor...

Metaplanet’s Bitcoin Stash Reaches $40.6 Million After Latest Purchase

Tokyo-listed Bitcoin holder Metaplanet has purchased an additional 108.786 Bitcoin for 1 billion yen, reflecting its ongoing bullish stance on the crypto asset. The latest stash is worth around $6.7 million. Metaplanet Expands Bitcoin Holdings According to the official statement released on Monday, Metaplanet – often referred to as Japan’s...

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