The court’s decision should moderately de-risk the regulatory pressure on the crypto exchange’s stock, which is a significant overhang on the share price, the broker’s report said. Source: https://www.coindesk.com/business/2023/07/14/ripples-xrp-summary-judgment-positive-for-coinbase-price-target-raised-to-120-needham/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The three models of sneakers celebrate the 50th anniversary of hip-hop and each one has an NFC chip owners can scan to claim an NFT and access exclusive music …

The arrest of the crypto lender’s co-founder and ex-CEO Alex Mashinsky comes as lawmakers and regulators squabble over new rules for the sector. Source: https://www.coindesk.com/policy/2023/07/14/how-the-celsius-affair-plays-into-the-us-crypto-regulatory-debate/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin’s share of the crypto market tanked on Thursday while altcoins rallied after a U.S. court threw a spanner in the SEC’s plans to regulate digital assets. Source: https://www.coindesk.com/markets/2023/07/14/bitcoins-crypto-market-dominance-slides-by-most-in-13-months-as-xrp-court-ruling-spurs-alt-season-talk/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Multichain said it has been forced to take the action “due to lack of alternative sources of information and corresponding operational funds.” Source: https://www.coindesk.com/business/2023/07/14/crypto-bridging-protocol-multichain-ceases-operations/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The surge in the crypto exchange’s share price was driven largely by investors who saw the decision as a representing a rejection of the SEC’s argument in the lawsuit …

The court’s decision weakens the SEC’s stance that the securities law is clear and no separate clarity is required for digital assets, the report said. Source: https://www.coindesk.com/markets/2023/07/14/xrp-ruling-a-landmark-judgment-weakens-secs-stance-against-crypto-bernstein/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

XRP’s knocked out BNB as the 4th largest crypto by market cap, after its value surged more than 60% after a partial victory against the SEC. Source: https://www.coindesk.com/markets/2023/07/14/xrp-pushes-past-bnb-to-become-4th-largest-cryptocurrency-funding-rates-surge/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

XRP token market capitalization has jumped to over $40 billion, its largest level since April 2022. Source: https://www.coindesk.com/markets/2023/07/14/xrp-short-traders-log-highest-losses-in-2023-after-landmark-court-ruling/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Many Layer-1s are also soaring as SEC cases are called into question after favorable XRP ruling. Source: https://www.coindesk.com/markets/2023/07/14/ether-pushes-past-2000-as-xrp-ruling-excites-markets/?utm_medium=referral&utm_source=rss&utm_campaign=headlines