Shares of crypto-related stocks are trading higher after a US judge ruled Ripple sales do not constitute an offer of investment contracts.
Portfolio Pulse from Benzinga Newsdesk
A US judge has ruled that Ripple is not a security, leading to a rise in the shares of crypto-related stocks.
July 13, 2023 | 3:43 pm
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POSITIVE IMPACT
Coinbase's stock price may increase due to the positive ruling on Ripple.
As a major cryptocurrency exchange, Coinbase (COIN) could see increased trading volumes and potentially higher revenues due to the positive ruling on Ripple.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
Marathon Digital Holdings' stock price may increase due to the positive ruling on Ripple.
Marathon Digital Holdings (MARA) could benefit from the positive ruling on Ripple as it may increase overall interest and investment in the cryptocurrency sector.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
MicroStrategy's stock price may increase due to the positive ruling on Ripple.
MicroStrategy (MSTR), as a significant holder of Bitcoin, could see its stock price increase due to the positive ruling on Ripple, which may boost overall confidence in the cryptocurrency market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
Riot Blockchain's stock price may increase due to the positive ruling on Ripple.
Riot Blockchain (RIOT), as a Bitcoin mining company, could benefit from the positive ruling on Ripple as it may increase overall interest and investment in the cryptocurrency sector.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75