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🌙 XRP Surges as SEC Acknowledges Grayscale’s XRP ETF Application

The SEC’s move fueled investor optimism, pushing the token past $2.75.

Author

Mike Gavela
February 14, 2025

Crypto Roundup - February 14

XRP's value surged following the SEC's recognition of Grayscale's XRP ETF application, highlighting potential regulatory acceptance. Meanwhile, Polymarket saw a dip in trading volume this February, although its active user base remains robust, indicating sustained interest in decentralized prediction markets. In another key development, Bitcoin's blockchain is witnessing underutilized block space as Layer 2 solutions gain traction, transferring load off the main chain and highlighting a shift towards more efficient blockchain ecosystems.

Top Stories

  • XRP Surges after SEC Acknowledgment: Grayscale's XRP ETF application receives a nod from the SEC, propelling XRP prices upward.

  • Polymarket Maintains User Engagement: Despite a decrease in trading volumes, active user metrics remain healthy, reflecting enduring user interest.

  • Bitcoin's Evolving Network Utilization: Layer 2 technologies are increasingly being adopted, evidenced by Bitcoin blocks transmitting under half their capacity.

TOP STORIES

XRP Surges as SEC Acknowledges Grayscale’s XRP ETF Application - "The Defiant"

XRP, the native cryptocurrency of Ripple, recorded a surge on Friday following the U.S. Securities and Exchange Commission's (SEC) acknowledgment of Grayscale's application to convert its XRP Trust into an exchange-traded fund (ETF).

thedefiant.io/news/markets/xrp-surges-as-sec-acknowledges-grayscale-s-xrp-etf-application

Polymarket Volume Drops in February, But Active Users Remain Healthy - "The Defiant"

It appears that the Presidential election wasn’t the only cause of the prediction market’s spectacular growth, as sports betting draws more users to the platform.

thedefiant.io/news/defi/polymarket-volume-drops-in-february-but-active-users-remain-healthy

Bitcoin Blocks Are Going Out Half Full as Layer 2s Take Off - "The Defiant"

Bitcoin’s mempools are seeing fewer transactions in the past few months, with a few days so low that blocks went out unfilled.

thedefiant.io/news/blockchains/bitcoin-blocks-are-going-out-half-full-as-layer-2s-take-off

FUNDRAISING

OTHER HEADLINES

Coinbase and Aston Martin Seal F1 Sponsorship Deal Paid in Stablecoin USDC - Decrypt

Aston Martin’s Formula One team will sport Coinbase branding this season, with the deal uniquely paid entirely in USDC.

decrypt.co/305914/coinbase-and-aston-martin-strike-f1-deal-paid-for-in-usdc

Court Grants 60-Day Pause in Binance, SEC Dispute - Decrypt

The 60-day pause may prompt other crypto giants like Ripple and Coinbase to reassess their legal disputes under a new SEC.

decrypt.co/305943/court-grants-60-day-pause-in-binance-sec-dispute

GameStop Stock Price Pumps After Report of Bitcoin Buying Plans - Decrypt

Video game retailer GameStop saw a sizable after-hours stock jump following a report that it's looking to invest in Bitcoin and other coins.

decrypt.co/305876/gamestop-stock-pumps-bitcoin-buying-report

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