Crypto Market This Week: Ripple Files Cross Appeal, Token Listings Gain Traction

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As a seasoned researcher who’s been navigating the crypto market for years, I can confidently say that this week was nothing short of a rollercoaster ride. The market’s dynamic nature never ceases to amaze me, and it seems like every day brings a new twist or turn.

The crypto market closes another week with remarkable developments unfolding across the broader sector.

In the last seven days, Bitcoin‘s (BTC) price increased by 1%, ending the week at approximately $62,000, in response to the latest U.S. Consumer Price Index (CPI). Meanwhile, XRP‘s price climbed nearly 1% over the same period following a series of volatile fluctuations due to recent lawsuits. Additionally, this week was marked by an abundance of improved trading opportunities as various exchanges announced multiple token listings.

Here’s a quick rundown of some of the hottest crypto news stories that CoinGape Media has shared recently.

Ripple Files Cross-Appeal In XRP Lawsuit

In an exciting development, Ripple, a U.S.-based blockchain payments company, has filed a counter-appeal against the U.S. Securities and Exchange Commission (SEC) regarding the ruling in the XRP lawsuit. The appeal was submitted to the U.S. District Court for the Southern District of New York, where Ripple Labs is challenging the final judgment from the XRP lawsuit by appealing to the U.S. Court of Appeals for the Second Circuit.

In the midst of these events, a cross-appeal has been raised, which is a response to an appeal filed by the U.S. SEC, aiming to overturn Judge Analisa Torres’ verdict in the initial lawsuit. At the same time, XRP holders with large amounts (referred to as whales) have attracted notice due to their movements of millions of coins between exchanges, as the legal proceedings unfold this week.

The crypto XRP price gained roughly 1% over the past seven days and traded at $0.537 at press time.

Binance & Robinhood Enhance Crypto Trade Offerings

In recent times, Binance and Robinhood have significantly transformed trading experiences for users worldwide. This week, Binance made an important announcement regarding the withdrawal and conversion of ten tokens, namely TORN, VAI, OMG, WAVES, XEM, BOND, DOCK, MDX, POLS, and PURSE. Additionally, Scroll (SCR), a zkEVM rollup that is compatible at the bytecode level, has been added to Binance’s Launchpool as the 60th project this week.

Furthermore, it was disclosed that Binance is now supporting staked SOL (BNSOL), which has boosted confidence among investors. Meanwhile, Robinhood Crypto EU announced support for trading Render Network (RENDER). This move has ignited expectations of a potential RENDER price surge to $10. Collectively, these events have caused quite a stir in the market this week, capturing the interest of investors worldwide.

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2024-10-12 09:04