XRP price jumped over 13% after Ripple Labs and the US SEC dropped their final appeals in a landmark case, ending a nearly four-year legal fight. XRP is now trading at $3.36, hitting a two-week high.
- Pump.fun Reclaims Lead: Pump.fun has regained its spot as the top meme coin launchpad in the Solana ecosystem, overtaking letsBONK.fun. It recently bought back $6.68 million worth of PUMP tokens.
- *Altcoin Season Index*: The Altcoin Season Index is currently at 37, indicating Bitcoin dominance above 60%. However, some altcoins like XRP, Stellar, and Chainlink are showing signs of growth ¹ ².
*Market Trends*
- *Altcoin Season*: While the broader market is mixed, traders are rotating into certain assets like Ethena, Sky, and Curve DAO, looking for volume and use cases.
- *Bitcoin Dominance*: Bitcoin still dominates the market, but attention is shifting toward select tokens with strong liquidity and real-world activity.
*Notable Investments and Partnerships*
- *Ripple Acquires Rail*: Ripple is acquiring stablecoin platform Rail for $200 million, integrating its virtual accounts and automated back-office tools.
- *Animoca Forms Anchorpoint*: Animoca Brands has partnered with Standard Chartered Bank and HKT to apply for Hong Kong's first stablecoin issuer license.
- *Binance Partners with BBVA*: Binance has teamed up with Spanish bank BBVA to offer off-exchange asset custody, boosting investor confidence ¹.
