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 CoinDesk, Ripple Labs announced on Thursday that the company will appeal the ongoing case against the U.S. Securities and Exchange Commission (SEC) as part of maintaining its legal defense while the SEC's appeal in the case is under review by the appellate court.Earlier this month, the SEC filed a notice of appeal regarding the long-standing case against Ripple, which the regulatory agency first sued in December 2020. Chief Legal Officer Stuart Alderoty stated that Ripple's appeal aims to ensure that the company retains its views and arguments in the case, but he did not elaborate on what the company might argue in its motion. He said, "We are doing this to ensure that we leave no room for arguments, including the argument that an investment contract cannot exist without the fundamental rights and obligations in the contract."Similar to the documents submitted by the SEC last week, Ripple's initial filing is merely a notice indicating that a more comprehensive argument will be submitted in the future. Alderoty stated that both parties will fill out a form in the coming weeks to provide "a fairly high-level description" of their arguments, but neither the regulatory agency nor the company will disclose specific details before submitting their opening statements. The SEC's brief may be released around the end of January, while Ripple's opening brief (which will be combined with its opposition to the SEC's brief) will be released at a later time.

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, according to The Block, Ripple has launched a series of new features for Ripple Custody aimed at helping banks and fintech companies adopt crypto-supported services. These updates include the ability to tokenize real-world assets (RWA), pre-configured operations and strategy settings, integration with Ripple's XRP Ledger blockchain, and an upgraded user interface.

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, Coinbase has requested the judge's approval to file an interlocutory appeal in its lawsuit against the SEC, due to the SEC's recent appeal of the ruling in the Ripple case. Coinbase hopes that by filing the appeal simultaneously, the Second Circuit Court will have a comprehensive understanding of the case. The exchange aims to review the applicability of the "Howey Test" in digital assets, which is the traditional standard for determining securities. Although the SEC has requested to dismiss Coinbase's appeal, the judge has not yet ruled on this matter.Industry experts indicate that the SEC's appeal in the Ripple case strengthens Coinbase's argument, suggesting that this is a prudent move.

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, Ripple's Chief Legal Officer Stuart Alderoty posted on social media stating, "The U.S. Securities and Exchange Commission (SEC) decision to appeal is disappointing but not surprising. This is just prolonging a situation that has already embarrassed the agency. The court has dismissed the SEC's suggestion of Ripple's reckless behavior, and there are no fraud allegations in the case, certainly no victims or losses.Under the leadership of current Chairman Gary Gensler, the SEC has not faithfully executed the law but continues to wage a lawsuit war against the crypto industry. We are evaluating whether to file a counterclaim. In any case, the SEC's lawsuit has been irrational and misleading from the start, and we are ready to prove this again in the appellate court (leading the industry once more).The SEC's enforcement director announced their resignation about an hour before this news was released; is this a coincidence?"

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, Ripple announced that it has received in principle approval for a financial services license from the Dubai Financial Services Authority, unlocking its end-to-end management of payment services in the UAE.

ChainCatcher message, Ripple announced on social media to remind users that its stablecoin Ripple USD (RLUSD) is still in the private testing phase.Ripple stated: "Although you may see on-chain activity, the token has not been officially released. Please be cautious of anyone claiming to distribute RLUSD. Stay tuned for the latest updates and be wary of potential scams."

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, Evernode plans to introduce Hooks and a new token Codii on the XRP Ledger (XRPL) to enhance programmability, which has been questioned by Ripple's Chief Technology Officer David Schwartz.Schwartz believes the plan is overly complex and offers no clear benefits, warning that it could lead to increased transaction fees across the network due to higher resource demands.Evernode co-founder Scott Chamberlain proposed that the Codii token would be used to pay for the execution fees of Hooks, but Schwartz argued that XRP should be used directly to simplify the system and avoid unnecessary cost increases.

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.