Prices and market statistics of Monero (XRM), Ripple (XRP), and BNB
– Monero (XRM) is currently priced at US$142.94 with a market capitalization of US$2.6 billion.
– The transaction volume of Monero in the past 24 hours was US$96.8 million, and its circulating supply is 18.3 million XMR.
– Monero’s all-time high was US$517.62.
– In the last seven days, Monero’s price increased by +2.95%.
– Ripple (XRP) is currently priced at US$0.50 with a market capitalization of US$26.7 billion.
– The transaction volume of Ripple in the past 24 hours was US$1.1 billion, and its circulating supply is 53.0 billion XRP.
– Ripple’s all-time high was US$3.84.
– In the last seven days, Ripple’s price decreased by -1.52%.
– Binance Coin (BNB) is currently priced at US$214.82 with a market capitalization of US$33.1 billion.
– The transaction volume of BNB in the past 24 hours was US$463.5 million, and its circulating supply is 153.9 million.
– BNB’s all-time high was US$690.93.
– In the last seven days, BNB’s price changed minimally by -0.03%.
The lawyer and CLO of Ripple celebrate SEC failure in court
XRP lawyer John Deaton and Ripple’s Chief Legal Officer (CLO) Stuart Alderoty are celebrating a significant victory over the US Securities and Exchange Commission (SEC). The recent court ruling against the SEC in the Grayscale case has been seen as a setback for the agency. Deaton criticizes the SEC for its inconsistent regulatory approach, causing confusion in the cryptocurrency industry. The legal battle between the SEC and Ripple Labs revolves around the SEC’s claim that Ripple’s sale of XRP tokens violated securities laws. Ripple opposed settling with regulators, leading to a lengthy legal battle. The court ruling favors Grayscale and raises questions about the SEC’s approach to regulating digital assets.
BNB hacker loses $53 million
A cryptocurrency wallet associated with the BNB Smart Chain exploit suffered a setback as three of its positions were liquidated during a market crash. This incident is connected to the previous theft of nearly $600 million in BNB tokens. The exploit occurred on October 6, causing the suspension of the BNB Smart Chain crossbridge. The hacker used illicit tokens as collateral for a loan on the Venus Protocol, leading to a loss of over $53 million when the market crashed. This incident highlights the volatility and risks in the cryptocurrency market, emphasizing the need for secure and transparent solutions.
Hot Take
The cryptocurrency market continues to experience price fluctuations and regulatory battles. While the recent court ruling against the SEC is seen as a victory for XRP and Ripple, it also raises questions about regulatory clarity and consistency. The BNB hacker incident serves as a reminder of the risks associated with the cryptocurrency landscape. As the industry evolves, it is crucial to prioritize security and transparency to foster a healthy development of digital assets.
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