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XRP Surges as Ripple-SEC Case Ends
A federal judge ordered Ripple to pay $125 million in civil penalties and imposed an injunction against future securities law violations, ending the long-running SEC case against the platform. XRP, the native token of Ripple, surged nearly 20% on the news, leading market-wide gains. CoinDesk's Jennifer Sanasie presents the "Chart of the Day."
FTX, Alameda Ordered to Pay $12.7B to Creditors; Brazil’s SEC Approves Solana-Based ETF
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as a New York judge officially ordered defunct crypto exchange FTX and trading firm Alameda Research will pay $12.7 billion to creditors. Plus, the Brazilian SEC has approved a Solana-based ETF, and Kamala Harris and Donald Trump are tied on Polymarket.
Why the Howey Test Remains Contentious for Crypto
CoinDesk's Jennifer Sanasie breaks down the intersection between crypto markets and the establishing regulatory framework, with a focus on the Howey Test and what it means for crypto markets.
Memecoins on Solana Surge as SOL Warms Up From Losses This Week
Memecoins on the Solana ecosystem jumped more than 30% in the past 24 hours, leading gains in the crypto market. This comes as the network’s underlying token SOL recovered losses from earlier in the week. Cat-themed popcat, surged 40% on the day and dog-themed token, dogwifhat has also jumped more than 25%. CoinDesk's Jennifer Sanasie presents the "Chart of the Day."
Kamala Harris Locks In Running Mate; Core Scientific Shares Spike
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as Vice President Kamala Harris has chosen Minnesota Governor Tim Walz, as her running mate for the upcoming election. Plus, Jump Trading allegedly moved $29 million in ether, and Core Scientific's shares surged on a new deal with CoreWeave.
What Could A Recession Mean for Crypto Markets?
CoinDesk's Jennifer Sanasie weighs in on the recent rebound of the crypto markets following the plunge in stocks due to growing recession fears in the U.S. Plus, impact of economic downturns on digital assets, with a focus on increased volatility and liquidity concerns.
Binance Challenges Indian Tax Showcause; Ronin Pauses After $9 Million White Hat Hack
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as Binance challenged a nearly $86 million tax showcause notice from India's Directorate General of Goods and Services Tax Intelligence. Plus, bridging service Ronin was paused after a white hat hack, and spot ether ETFs recorded net inflows of nearly $49 million on Monday despite the slump in ETH.
Donald Trump-Themed DJT Token Slumps 90%
Trump-themed DJT token, issued by Martin Shkreli dove 90%. The token plummeted after a single wallet sold $2 million worth in one transaction reducing its market cap to $3 million from $55 million. Martin Shkreli claimed he and Barron Trump created the token but denied that he held any tokens or keys. CoinDesk's Jennifer Sanasie presents the "Chart of the Day."
Is Now a Good Time to Buy the Dip?
BitGet CEO Gracy Chen explains why she plans on buying the dip and what would be a good price point to do so. This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes.
BitGet CEO on Overall Crypto Market Turmoil
BitGet CEO Gracy Chen joins CoinDesk to discuss the cause for the market downturn across major cryptocurrencies and what's going to happen next. Plus, insights on a potential recession in the U.S. and the role of crypto in the upcoming presidential election. This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes.