Onchain analytics firm Santiment reports unusual network activity for XRP. It says that the cryptocurrency asset may be worth monitoring given the abrupt rise in trading volume to18.7 billion in XRP in the final hours of Friday.
Santiment reports that the XRP Network saw a ”major anomaly” at the end of the week. On July 15, the 73 millionth ledger for the XRP ledger was successfully closed, a milestone for the project.
The transcript of the June 7 hearing before Magistrate Judge Netburn, in which both parties discussed the Hinman attorney-client privilege, has been made available by defense attorney James K. Filan.
XRP friendly Attorney Jeremy Hogan underlined a line in the transcript that stated, ” the purpose of the 2018 William Hinman speech was to provide guidance to the market’’ and said, “The SEC tried to have it both ways, and instead got it no ways’’
Additionally, Hogan replied to a Twitter user who had asked for a possible time for a decision on the Fair Notice defense, saying, “She’ll rule on it along with the summary judgment”. ”So that’s a December-March timeframe.’’
In more updates, defense attorney James K. Filan reports: “The parties have filed letters outlining various requests and justifications for narrowly tailored redactions to the documents filed in connection with the motion by amici to participate in the challenge to one of the SEC’s experts.’’
At the time of publication, XRP was up 5.61% in the last 24 hours at $0.35. A third straight day of gains for Bitcoin (BTC) erased this week’s early losses. Today, the price of the largest cryptocurrency by market capitalization, which was recently trading at about $21,192, increased slightly. Most alternative cryptocurrencies or ‘altcoins’ were also up.
According to a newsletter from Glassnode, the U.S. dollar index (DXY), a gauge of the dollar’s value in relation to a basket of international currencies, is getting close to records not reached since 2002.
The increase is caused by either the devaluation of other currencies like the euro, which recently hit a 20-year low of $1.0002 against the dollar or the growing demand for fixed-income assets denominated in USD as the U.S. Federal Reserve raises interest rates.
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