ChainCatcher news, according to official sources, the crypto payment infrastructure company MoonPay announced a partnership with Ripple to support users in purchasing, storing, and managing XRP using their MoonPay accounts.

ChainCatcher news, according to The Block, the crypto derivatives exchange Bitnomial announced the completion of a $25 million financing round led by Ripple Labs. At the same time, Bitnomial launched a perpetual futures trading platform called Botanical, which is currently in a closed testing phase.The Botanical platform will provide investors with perpetual futures, traditional futures, and options trading services. Bitnomial CEO Luke Hoersten stated that the company is boldly advancing its mission to provide users with a regulated and innovative trading experience through Botanical, offering an alternative to the currently widely used decentralized exchanges and VPN-based workarounds.Ripple CEO Brad Garlinghouse believes that Bitnomial's introduction of an offshore trading model into the U.S. derivatives industry presents a significant opportunity for establishing a compliant digital asset derivatives market (such as XRP). Bitnomial will utilize Ripple's RLUSD stablecoin for the settlement of perpetual futures.Previous news, Bitnomial filed a lawsuit against the U.S. Securities and Exchange Commission (SEC), questioning its regulatory authority over XRP futures contracts.

ChainCatcher news, aerospace startup Vast Space, founded by Ripple co-founder Jed McCaleb, has revealed its plans for a successor to the International Space Station, joining the ranks of companies like Blue Origin, founded by Amazon's Jeff Bezos."Haven-2" will serve as a dedicated laboratory in low Earth orbit, allowing visitors to conduct microgravity research. It will also become a destination for NASA's international partners to send astronauts.The company's long-term vision is for the first module of "Haven-2" to enter space and be fully operational by 2028, before the International Space Station is decommissioned and deorbited in 2031. Vast CEO Max Haot stated, "We chose this ambitious timeline and strategy as a way to disrupt the industry and win the competition."

ChainCatcher news, on-chain analyst Ali posted on X that in the past 48 hours, Ripple whales have purchased over 40 million dollars worth of XRP.

ChainCatcher news, FOX reporter Eleanor Terrett posted on social media that Ripple founder Chris Larsen has made the first recorded cryptocurrency donation to Kamala Harris. According to new filings with the Federal Election Commission (FEC), Larsen donated $1 million worth of XRP to Future Forward USA, one of the major super PACs supporting Harris.

ChainCatcher news, according to Tree News, Ripple Labs Inc. has submitted a notice of appeal to the U.S. Court of Appeals for the Second Circuit.

ChainCatcher news, Ripple has announced the launch of a crypto custody service aimed at helping banks and fintech companies store digital assets. These new features include integration with Ripple's XRP Ledger blockchain platform, anti-money laundering risk monitoring, and a user-friendly interface.Ripple hopes to expand its business through this initiative, moving beyond its core payment settlement platform RippleNet. The company's Ripple Custody brand will provide services for tokenized real assets and allow for fast, low-fee transactions using the XRP Ledger. Ripple has also acquired Metaco and Standard Custody & Trust Company to further advance its custody business.

ChainCatcher message, according to the latest report from CryptoQuant, stablecoin liquidity has reached a new high, largely thanks to Tether and Circle. Meanwhile, Ripple has entered the field with its new RLUSD token, and as of now, the market capitalization of Ripple's stablecoin RLUSD has surpassed 47 million dollars.

ChainCatcher news, FOX reporter Eleanor Terrett posted on social media stating, "Ripple's Chief Legal Officer Stuart Alderoty said that Ripple is considering filing a counterclaim. This means Ripple may appeal Judge Torres's ruling on institutional sales or the $125 million fine. Both appeals will be handled in a case in the Second Circuit Court.If Ripple does file a counterclaim, it has 14 days to submit the application, starting from tomorrow."

ChainCatcher news, according to The Block, the U.S. Securities and Exchange Commission (SEC) is appealing the previous ruling by the U.S. Second Circuit Court of Appeals regarding the Web3 payment company Ripple, as indicated by documents released on Wednesday."We believe the district court's ruling in the Ripple case conflicts with decades of Supreme Court precedent and securities law, and we look forward to presenting our case in the Second Circuit," an SEC spokesperson told The Block.Previously, the judge ordered Ripple to pay a civil penalty of $125 million on August 7, significantly lower than the $2 billion penalty initially sought by the SEC. The ruling also partially granted and denied the SEC's motion for preliminary remedies regarding Ripple's sale of XRP tokens.

ChainCatcher news, according to foxbusiness, the U.S. Securities and Exchange Commission must decide by October 7 whether to challenge the ruling made by U.S. District Judge Analisa Torres in July 2023, which found that only some sales of XRP cryptocurrency by Ripple violated securities laws. This ruling has drawn criticism from securities lawyers and other federal judges.This ruling is considered a significant legal victory for the still-nascent cryptocurrency industry as it attempts to demonstrate that this emerging asset class does not violate U.S. securities laws as the SEC believes. It has also become a cornerstone of the legal strategies for other crypto entities, such as trading platforms Coinbase, Binance, and Kraken, which are currently being sued by the commission for allegedly selling unregistered securities.Former SEC enforcement lawyer Arc Powers stated in an interview with Fox Business that the SEC is likely to appeal, as the agency and its cryptocurrency skeptic chair Gary Gensler are determined to exert jurisdiction over this $2 trillion industry.Foxbusiness reports that disclosure is the cornerstone of U.S. securities law. When a company sells stock to raise funds and expand its business, it must file extensive paperwork to provide investors with the information they need to make informed decisions about purchasing the stock. Some legal experts argue that Judge Analisa Torres' ruling undermines this disclosure requirement.

ChainCatcher news, according to Whale Alert monitoring, 500,000,000 XRP (approximately $314,713,411) was transferred from an unknown wallet to Ripple.

ChainCatcher news, according to data from Santiment shared by on-chain analyst Ali on the X platform, shows that in the past 10 days, Ripple whales have accumulated over 470 million XRP.

ChainCatcher news, Fox Business reporter Eleanor Terrett posted on the X platform stating: "A former SEC lawyer who recently left the agency told me that the SEC may appeal Judge Torres' ruling on the Ripple case from July 2023, partly because everyone within the SEC firmly believes that this ruling is wrong and should be appealed."It is reported that the SEC's deadline for appeal is October 7.

ChainCatcher news, according to Cointelegraph, the decentralized clearing network Yellow Network has completed a $10 million seed round financing, led by Ripple co-founder Chris Larsen, with participation from Consensys, GSR, NxGen, MV Global, Gate Labs, ZBS Capital, Moonrock Capital, Math, Cobo, NOIA Capital, and LD Capital.Yellow Network is a new type of decentralized clearing network aimed at addressing the inefficiencies in cryptocurrency.

ChainCatcher news, according to Cointelegraph, the political action committee Commonwealth Unity Fund, primarily funded by the co-founders of Gemini and Ripple Labs, has invested over $600,000 to support Republican Senate candidate John Deaton.According to Federal Election Commission (FEC) records, the super PAC spent about $330,000 on media buys opposing incumbent Democratic Senator Elizabeth Warren, while spending the same amount to support Deaton.It is reported that Deaton is a lawyer who supports crypto companies like Ripple, and he has criticized the SEC and Senator Warren for their excessive intervention in digital assets. FEC records show that Commonwealth has raised over $2.5 million to support Deaton, while Warren has raised over $18 million for her re-election since 2019. Other crypto-supported PACs like Fairshake have also invested heavily in congressional elections.

ChainCatcher news, according to CNBC, 88 current and former executives from the American business community support U.S. Vice President Kamala Harris for the presidency. The signatories include well-known CEOs from several publicly traded companies, including Aaron Levie of Box, Jeremy Stoppelman of Yelp, and Michael Lynton, chairman of Snap.Some signatories appear to be publicly supporting her for the first time since Harris became the de facto Democratic candidate in July. This includes James Murdoch, former CEO of 21st Century Fox and heir to the Murdoch family media empire, as well as cryptocurrency executive Chris Larsen, co-founder of the Ripple blockchain platform.Among the signatories, more than a dozen made their fortunes on Wall Street, including Tony James, former president and COO of Blackstone Group and founder of Jefferson River Capital, and Bruce Heyman, former managing director of private wealth management at Goldman Sachs.However, among all the signatories, the vast majority of the 88 endorsing Harris are former CEOs of large publicly traded companies, including Indra Nooyi, former CEO of PepsiCo, Barry Diller of Paramount Pictures, Ken Frazier of Merck, Logan Green of Lyft, Blake Irving of GoDaddy, Laxman Narasimhan of Starbucks, and Dan Schulman of PayPal.

ChainCatcher news, according to Bitcoin.com, Kraken's Chief Legal Officer Marco Santori recently commented on the ruling of the Northern District of California Federal Court. It is reported that Kraken sought to dismiss the lawsuit from the U.S. SEC, which claims that certain cryptocurrencies traded on the Kraken platform are considered securities; however, the court rejected Kraken's request.However, Santori stated: "As a legal matter, the Northern District of California Federal Court ruled that the tokens traded on Kraken are not securities, which is a significant victory for Kraken and for the principle of transparency and crypto users everywhere. This also confirms Kraken's long-standing position that the platform does not list securities."Additionally, Santori pointed out that the court criticized the SEC's definition of "crypto asset securities" as "not clear enough, to put it nicely, and confusing, to put it harshly," while also questioning the SEC's description of Kraken's request for a "written contract" for securities classification.Santori added: "Fundamentally, the court in the Kraken case made the same distinction as in the Ripple case: tokens are not securities, but the agreements made around the tokens may be securities."He further emphasized the broader implications for the crypto industry, warning that the SEC's enforcement-based regulatory approach could lead to "broad, expensive, and time-consuming discovery" for a large number of transactions. He urged Congress to establish a comprehensive market structure framework to ensure regulatory clarity and promote the development of blockchain technology.Ripple's Chief Legal Officer Stuart Alderoty, commenting on Santori's remarks, stated: "Another court, this time in the Kraken case, confirms that there is no such thing as 'crypto asset securities.' This is bad news for the SEC, as its entire enforcement regulatory strategy is built on this failed premise."

ChainCatcher news, according to Decrypt, the crypto payment network Skyfire has completed a $8.5 million seed round funding, with investments from Circle, Ripple, Gemini, and others.The company was founded by two former Ripple developers. Skyfire is an open-source payment system that will allow autonomous AI agents to quickly move across the internet, purchasing any goods needed to complete specified tasks—from data storage and creative assets to airline tickets and groceries. All these transactions will be supported by the stablecoin USDC.Skyfire is currently operating on the Ethereum scaling network Polygon, but the company has stated plans to expand to other blockchains soon. Skyfire is currently free to use, but it has indicated that it may soon charge transaction fees, which will range from 2% to 3%.