🚀XRP Up 96%, 🔥Ripple Wins Vs SEC!
Plus : $Matic -> $Pol : Major Transformation.
GM, Folks! It’s a bright Morning, It’s CoinBasics Back With New Tides. Get your surfboards out & get ready to ride the waves. 🌊
Here what we’re diving into today :
💫 XRP MAJOR VICTORY IN COURTROOM VS SEC.
✨POLYGON’S MAJOR $MATIC to $POL TRANSITION.
It’s time to buckle up & dive right in.
💪The Victory We've Been Waiting For!
Ripple Labs has just scored an epic win in the courtroom battle against the Securities and Exchange Commission (SEC).
On July 13, 2023,
Judge Analisa Torres of the Southern District of New York delivered a resounding judgment in favor of Ripple, affirming that ‘XRP is not a security.’
It's a win that has Ripple and its loyal supporters popping champagne corks and doing happy dances.
Judge Torres made it crystal clear that the programmatic sales and distributions of XRP to Ripple's employees do not fall under the category of unregistered securities.
However, she did rule that institutional sales contracts worth $728 million did violate securities regulations, as these investors were anticipating profits from Ripple's endeavors.
While the case remains open for future deliberations or a potential settlement, this victory has reshaped the crypto landscape, providing unprecedented clarity regarding XRP's non-security status.
The repercussions of this monumental ruling extend far beyond Ripple's jubilant headquarters.
The Ripple Effect ⚡ : $XRP Moons 96% 🚀
XRP's price catapulted to new heights, mind-boggling 96% surge within a single day, making it the top-performing cryptocurrency among its peers.
Scaling heights not seen since March 2022, XRP reached a peak of 93.8 cents before eventually settling at 81 cents at the time of publication.
Talk about catching the perfect wave! 🌊
XRP In Spotlight: Exchanges Embrace the Ripple Effect 🌟
The Tides Finally Turned, Coinbase, Kraken, and iTrustCapital have already relisted the XRP token, allowing traders to ride the wave once again.
While crypto exchange Kraken’s initial message on social media following the court ruling was more ambiguous before officially announcing it would relist the token.
This ruling marks a pivotal moment for Ripple.
With opportunities and challenges ahead, Ripple plans to expand its global network, develop innovative solutions, support the XRP community, and advocate for favorable crypto regulations.
The future looks bright as Ripple pioneers the transformation of the global payment system using blockchain and crypto assets.
POLYGON’s TRANSITION FROM $MATIC TO $POL.
$MATIC undergoes a major transformation, transitioning from a humble gas token to a robust reward and governance token.
Pol = ecosystem token for Polygon 2.0.
Here's the lowdown on this remarkable transition:
✅ $POL takes the spotlight as the mighty ecosystem token for Polygon 2.0, ushering in a new era of possibilities.
✅ Powering the staking layer of Polygon 2.0, $POL becomes the lifeblood for validators. They must stake $POL to participate in the block production process across various ecosystem chains, including the revolutionary PolygonZkEVM Rollup, the cutting-edge Polygon ZkEVM Validium, and the awe-inspiring Polygon Supernet.
✅ $POL steps up to the plate as the designated gas token for select Polygon Supernets. These Supernets have the privilege of borrowing security from the Polygon Validator sets, all fueled by the mighty $POL.
✅ Validators not only stake $POL for block production but also need it to actively participate in the decentralized sequencer and aggregator. Talk about multi-talented tokens!
✅ Brace yourselves for Polygon Restaking, where the $POL staking ratio will soar even higher. Prepare for an unprecedented level of alpha rewards!
✅ But wait, there's more! $POL also shines as the coveted governance token. The launch of a decentralized autonomous organization (DAO) marks the next phase for Polygon 2.0. Prepare to make your voice heard and shape the future of this incredible ecosystem.
Polygon 2.0 is all about embracing the alpha and taking the crypto world by storm.
We're diving into the heart of the action, leaving all distractions behind. Get ready for a journey like no other, where innovation and growth become our guiding stars.
Let's make some noise, Coinbasics community! 🚀🔥
Subscribe & Stay tuned for more updates as we navigate the thrilling landscape of web3!
DISCLAIMER:Â None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions. Please be careful and do your own research.