Latest cryptocurrency market update: Bitcoin (BTC) price decline

Bitcoin’s price dropped 2% after Semafor’s news funded by FTX. Semafor claimed the US DOJ may charge Binance with fraud but is considering softer options. No confirmation yet on the claim’s accuracy. Bitcoin’s decline likely linked to Binance speculations; source undisclosed.

Latest cryptocurrency market update: SEC tells Coinbase to stop trading all cryptos except Bitcoin before lawsuit.

The SEC asked Coinbase to delist every cryptocurrency except bitcoin before suing the exchange. Armstrong told the Financial Times the SEC recommendation left us no choice but to head to court.

https://www.coindesk.com/policy/2023/07/31/sec-asked-coinbase-to-stop-trading-in-all-cryptocurrencies-other-than-bitcoin-before-suing-report/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin volume at 2021 low, $25K return feared

BTC price retracing deeper than $25,000 is “possible,” analysis warns, with $28,300 the line in the sand for Bitcoin bulls.

Bitcoin BTC $29,258 stayed static at the July 31 Wall Street open as analysis warned that the net was closing in for bulls.

Latest cryptocurrency market update: Republican candidate vows to stop Biden’s ‘war on Bitcoin’ if elected.

Florida Governor Ron DeSantis, a 2024 presidential candidate, prioritizes “economic independence” and pledges to ban CBDCs and end Biden’s “war on Bitcoin” if elected in 2025.

Wells Fargo predicts XRP surge to $500 in 7 months.

Wells Fargo’s Treasury Management officer, Shannon Thorp, made an eye-catching prediction for XRP. He believes that in the next 4 to 7 months, the value of XRP could skyrocket, possibly reaching anywhere between $100 to $500. This potential price surge would be an incredible 14,200% to 71,400% increase from its current trading value.

Ripple to expand in US following XRP court victory

Ripple President Monica Long revealed the company’s intention to explore opportunities in the United States. This comes after a significant court ruling confirming that XRP, the payment network’s token, is not an unregistered security in the US.

Twitter (X) reportedly planning in-app exchange.

Twitter seeks a financial data company for an in-app trading platform, offering real-time stock data. They requested quotes from major companies for this

Cardano Founder debunks ‘Ghost Chain’ myth

The crypto community accused Cardano of being a ‘ghost chain,’ which worried ADA holders. But, Cardano’s founder, Charles Hoskinson, along with the community, disproved these claims with strong evidence, showcasing Cardano’s true potential and contributions to the blockchain industry.

Judge rules on SEC case against Do Kwon and Terraform Labs

SEC’s lawsuit against Do Kwon and Terraform Labs proceeds, accusing them of a multi-billion dollar crypto-asset scam involving stablecoins and swaps.