Hodler’s Digest, Aug. 13-19 By Cointelegraph

Choose Analisa Torres has granted a request from the US Securities and Trade Fee (SEC) to file a movement for depart to file an interlocutory attraction in its case in opposition to Labs. The choice allowed the SEC to file a movement, on Aug. 18, requesting permission to convey a case to the U.S. Courtroom of Appeals for the Second Circuit. Ripple may even be capable to file an opposition to the movement. Torres dominated, on July 13, that Ripples XRP token will not be a safety when distributed in public gross sales, however the ruling thought of XRP a safety in institutional gross sales. The case in opposition to Ripple has been ongoing since December 2020, when the SEC sued Ripple and its executives over allegations of providing an unregistered safety.

The and Ether worth slide on Aug. 18 noticed the highest two cryptocurrencies fall to a two-month low and triggered a collection of liquidations for 1000’s of by-product merchants. The crypto massacre led to billions of {dollars} price of hedged positions being liquidated, and a number of other merchants misplaced hundreds of thousands of {dollars} in a single commerce. In response to CoinGlass information, a complete of 176,752 merchants bought liquidated inside hours, indicating a speedy rise in worth volatility simply days after BTC and ETH recorded their lowest each day volatility in a number of years. The worth perform within the crypto market was attributed to a number of elements, together with the SpaceX Bitcoin write-down and macroeconomic elements.