Here is what happened yesterday in the crypto market:
SEC Drops Ripple Appeal; XRP Jumps
The SEC is reportedly dropping its appeal against Ripple, leading to a 10% surge in XRP. Ripple CEO Brad Garlinghouse called it a victory for the industry, with crypto lawyer John Deaton stating this is the “final exclamation mark” that XRP is not a security.
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First Solana Futures ETFs Launch
Volatility Shares is launching two Solana (SOL) futures ETFs, SOLZ and SOLT, on March 20. This marks a significant step for Solana, potentially increasing its accessibility to a broader range of investors. Solana also rallied around 8% as the market recovered.
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Bitcoin Eyes $90K Amid Fed Rate Cut Projections
Bitcoin’s price is trending upwards following the Federal Open Market Committee (FOMC) meeting, where interest rates remained steady. The central bank projected two rate cuts in 2025, leading to easing inflation concerns and potentially pushing Bitcoin towards the $90,000 mark.
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North Dakota Senate Passes Crypto ATM Licensing Bill
The North Dakota Senate has passed a bill creating a licensing regime for crypto ATMs. The bill includes a provision capping daily transactions at $2,000 per user.
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Crypto Payments See Significant Retail Adoption in the EU
A report from Oobit indicates that 70% of crypto payments in the European Union are used for retail, food, and beverage purchases, showcasing the growing adoption of cryptocurrencies in everyday transactions.
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