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Ripple / US Dollar

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Citigroup Inc. is reassessing its digital asset custody partnership with Metaco, a Swiss fintech firm, following Metaco's acquisition by Ripple Labs Inc. for $250 million. Ripple Labs is currently involved in a legal battle with the U.S. Securities and Exchange Commission. It is unclear if Citigroup's reassessment is related to the acquisition. Meanwhile, EDX Markets, a crypto exchange backed by Citadel Securities, Fidelity Digital Assets, and Charles Schwab Corp., has decided not to use Paxos as a custodian.

Portfolio Pulse from Murtuza Merchant

June 30, 2023 | 5:54 pm

Fidelity is reportedly preparing to file for a Bitcoin ETF, following similar moves by other asset managers including BlackRock. This would be Fidelity's second attempt, after their previous Bitcoin ETF, the Wise Origin Bitcoin Trust, was rejected by the SEC in early 2022. The news triggered a brief spike in Bitcoin's price. Experts believe the approval of a Bitcoin ETF could lead to increased crypto adoption.

Portfolio Pulse from Murtuza Merchant

June 27, 2023 | 6:48 pm

Digital asset investment products saw their largest single-week inflows since July 2022, totaling $199 million, with Bitcoin accounting for $188 million of the inflows. This surge is likely due to recent filings for physically backed ETFs with the U.S. SEC. Ethereum, Ripple, and Solana experienced smaller inflows.

Portfolio Pulse from Murtuza Merchant

June 26, 2023 | 2:50 pm

Bitcoin and Ether crossed crucial levels, with Bitcoin breaking the $31,000 ceiling and Ether trading at $1,920. The renewed optimism in the crypto market is driven by investor confidence and interest from traditional finance firms, such as WisdomTree and BlackRock, filing for Bitcoin ETFs.

Portfolio Pulse from Murtuza Merchant

June 23, 2023 | 6:49 pm

XRP's price has fallen 3.15% to $0.46 in the past 24 hours, continuing its negative trend over the past week with a 13.0% loss. The trading volume for the coin has fallen 0.0% over the past week, while the circulating supply has increased 0.25% to 51.99 billion.

Portfolio Pulse from Benzinga Insights

June 16, 2023 | 3:00 pm

XRP's price has decreased by 4.44% in the past 24 hours to $0.51, continuing its downward trend over the past week of -3.0%. Trading volume has risen 3.0% while circulating supply has decreased 0.04%, with a current market cap ranking of #6 at $26.33 billion.

Portfolio Pulse from Benzinga Insights

June 14, 2023 | 3:00 pm

Bitcoin (BTC) fell below $26,000 ahead of the Federal Reserve's monetary policy decision, with Ethereum (ETH) also trading lower. Injective (INJ) was the top gainer, while XRP (XRP) was the biggest loser. The global crypto market cap fell to $1.06 trillion, recording a 24-hour decline of 0.4%.

Portfolio Pulse from Lisa Levin

June 14, 2023 | 1:46 pm

Former SEC Director William Hinman discussed with Ethereum co-founder Vitalik Buterin in 2018 about the Ethereum Foundation's operations. Documents reveal Hinman believed Ethereum's native currency didn't warrant being regulated as a security. Ripple Labs has cited this position in defense against the SEC's recent claims.

Portfolio Pulse from Murtuza Merchant

June 13, 2023 | 5:22 pm

JPMorgan Chase highlights the significance of recent SEC lawsuits against Binance and Coinbase, stressing the need for a comprehensive regulatory framework for the crypto industry. The SEC believes most cryptocurrencies should be categorized as securities, subjecting them to regulatory measures applicable to traditional securities.

Portfolio Pulse from Murtuza Merchant

June 12, 2023 | 4:16 pm

Cryptocurrency shares are trading lower following the SEC's lawsuit against Coinbase for operating as an unregistered securities exchange, broker, and clearing agency.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 1:21 pm

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