Crypto Flipsider News – XRP Top Performer; CoinList Halts Withdrawal; Binance IRI; Matrixport Raises $100M; Huobi & Poloniex Merger
Read in the Digest:
- XRP outperforms the crypto market with a +12% gain, trades above $0.41
- CoinList denies insolvency and bankruptcy rumours through withdrawal halt
- Binance launches $1 billion recovery fund, receives $50 million contributions
- Crypto lender Matrixport looks to raise $100 million at a $1.5 billion valuation
- Huobi and Poloniex mulling merger, Poloniex suspends BEP20 function
XRP Outperforms the Crypto Market with a +12% Gain, Trades Above $0.41
After a strong outing on Thursday, November 24th, other cryptos have cooled off, but XRP continues to rally. According to data from CoinMarketCap, XRP is the most profitable crypto asset of the last 24 hours among the top 100, rallying by 12%.
The 24-hour price chart for XRP (XRP). Source: CoinMarketCap
The price jump saw XRP shoot up as high as $0.4169 for the first time since November 8th. XRP has now retraced slightly and now trades at $0.4061, with its market cap now at $20.43 billion.
The rally coincides with the jump in XRP social volume to 8,883. This is +3% in the last 24 hours. The rally also comes off two weeks of whale accumulation at the bottom, amid the collapse of the crypto market caused by the FTX crisis.
At Swell 2022 in London, Ripple Labs CEO Brad Garlinghouse reportedly told Linqto Director of Member Sales that the Bank of America (NYSE:) wants to deploy Ripple’s on-demand liquidity (ODL) products.
Flipsider:
- However, Brad Garlinghouse noted that the BOA is waiting for the conclusion of the Ripple vs SEC lawsuit before it makes a move.
Why You Should Care
Where the price of XRP goes in the near future could be determined by the summary judgment motions which are expected to come in by November 30th.
CoinList Denies Insolvency and Bankruptcy Rumours Through Withdrawal Halt
CoinList, a crypto exchange and the biggest initial coin offering (ICO)…
