The XRP price suddenly rose 8%, outperforming the top ten in gains. According to Attorney Jeremy Hogan, the filing of opening motions in the Ripple Summary Judgement and the upcoming decision in the LBRY case are two ‘’huge” events that might continue to impact the crypto space for years to come. The opening motions for summary judgment have now been filed in the Ripple lawsuit.
Jeremy Hogan is also enthusiastic about the Sept. 19 date, as indicated in the parties’ joint scheduling proposal on sealing issues relating to the upcoming summary judgment motions approved by District Judge Torres. Hogan believes this would be the “end game,” where the public will get to see (most of) the cards the parties are holding.
As expectations ramp up ahead of this date, James K. Filan has shared what the public might see on Monday, Sept. 19. He stated in a thread of tweets that only the redacted versions of the briefs would be seen on Sept. 19.
LUNC the token of the old Terra Chain now renamed Terra classic was up 26% in the last 24 hours at $0.0003. The 1.2% tax burn plan to reduce LUNC token supply might soon go into effect. The new Terra LUNA was also up 16% at presstime despite Terra Co Founder, Do Kwon’s legal woes.
Huge volumes have been traded for Bitcoin (BTC) on exchanges this month as a result of increasing interest in trading due to price decreases. Exchange inflows have reached their greatest level since March 2020, according to data from sources such as on-chain analytics company Glassnode.On September 14, more than 236,000 BTC arrived at the 11 major exchanges that Glassnode monitors.
Since the commotion that surrounded Bitcoin’s plunge to just $3,600 in March 2020, this was the biggest one-day increase.The failure to equal the tally during the sell-offs in May 2021 and May and June this year suggests that more Bitcoin investors are currently trying to minimize exposure.
The total influx for the week ending September 13 was 1.69 million BTC, according to separate statistics from analytics company Santiment that covered both centralized and decentralized exchanges.In comments on Twitter, it continued, “This was the highest amount of $BTC moved since October, 2021.”
According to analyst David P. Ellis, certain “unusual” indications were emerging from interactions with exchanges from both larger and smaller hodlers when BTC/USD dropped to close to $19,600 this week.
Bitcoin traded marginally down at $19,736 at press time.
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