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![Ether Pushes Past $2,000 as XRP Ruling Excites Markets](https://img.bgstatic.com/multiLang/image/ca397437bbbbb37e52cc40255be113ec1689305402653.P56V3CBEVBEFHT4UXI2PTCKII.png)
Several Layer 1 tokens are soaring as SEC cases are called into question after a favorable XRP ruling.
![First Mover Asia: Bitcoin Soars to One-Year High at $31.7K as Crypto Investors Savor Partial Ripple Victory](https://img.bgstatic.com/multiLang/image/e5bde61d6814d9559e25cf4b9f9cf22d1689292803605.NG4CYKIHNEDJEO7IOA74HUWNA.png)
Ether and other major cryptos are swept upward in a banner day for crypto markets. PLUS: While the number of large bitcoin holders increases, bitcoin sent to exchanges continues to fall, writes CoinDesk's analysts.
As bitcoin and ether assert themselves as uncorrelated assets, the impact of macroeconomic catalysts has waned
The bankrupt crypto lender was given permission to convert its roughly $170 million altcoin stash to BTC and ETH.
![Bitcoin and Crypto Stocks Like Coinbase Soar as XRP Ruling Bolsters Optimism](https://img.bgstatic.com/multiLang/image/3c4a8356526a78b5e8ee43fdd47154ae1689280204990.GB7SMYTPJCLRLEZ3DAS3E37JI.jpg)
Crypto miners were also included in the rally as bitcoin rose to its highest level in 13 months.
A federal judge on Thursday ruled he sale of Ripple’s XRP tokens on exchanges and through algorithms did not constitute investment contracts.
![Crypto Markets ‘Highly Dependent’ on Stablecoins Lacking Transparency, TUSD Poses Risk: Kaiko](https://img.bgstatic.com/multiLang/image/ca2cefc4ee3f9aff5d6555f0c26a1f701689271819068.7UL77QLQNCB5B7L2SMJHQ2O3A.jpg)
The rapidly growing TUSD, favored by crypto exchange Binance, poses risk to the market, according to the crypto research firm.
![First Mover Americas: Crypto AI Tokens Rally After Musk Unveils New Company](https://img.bgstatic.com/multiLang/image/af968717b7f57afbaa3b450ca31997521689255014909.CEHVAQ6BRH5FJYJMW6M22W3H4.png)
The latest price moves in crypto markets in context for July 13, 2023.
![Real-World Asset Platform Ondo Finance Expands Tokenized Treasurys to Polygon](https://img.bgstatic.com/multiLang/image/d8467914d937404f67b80fb2640f92f41689255013738.ACOJ7SV5FDDHO72VBQKQA6QJM.jpg)
Ondo’s OUSG token, one of the largest on-chain tokenized Treasury products, has accrued $134 million of assets under management on Ethereum.
![Coinbase Cut to Underweight Ahead of Earnings by Barclays](https://img.bgstatic.com/multiLang/image/1443ca1ce6992d315bc7ef69533aef521689251402760.LBAYQZUTREKJKVIPXZ5MHIVT4.jpg)
The bank said it sees few positive drivers for the crypto exchange’s share price in the near term.
- 16:40a16z founder: Unauthorized posts have been published on my X account, please do not purchase any related tokensThe founder of ai16z, Shaw, posted on social media saying, "Unauthorized posts have been published on my X account. I am dealing with it and formulating a solution. Please do not click or purchase anything."
- 16:05The total open position of Bitcoin contracts across the entire network has reached 60.3 billion US dollarsAccording to Coinglass data, the total number of outstanding Bitcoin futures contracts across the network is 621,070 BTC (approximately $60.3 billion). Of these, CME's outstanding Bitcoin contracts are 174,200 BTC (approximately $16.9 billion), ranking first.
- 15:27SafeMoon announces it will launch a new Meme coin on Solana, the contract is not yet publicThe DeFi protocol SafeMoon has announced the launch of a meme coin based on the Solana blockchain, aiming to increase liquidity and provide SFM holders with opportunities to exchange tokens for new assets. It will adopt an easy-going mode without predetermined purposes, focusing on community interaction and participation. Meanwhile, SafeMoon recently destroyed 2.2 trillion SFM tokens and plans to support automatic conversion through the VGX wallet, injecting liquidity into the ecosystem. This move aims to get rid of past controversies and legal issues, leaving the future of the project entirely in the hands of the community. The team emphasized that smart contracts have not yet been made public and reminded users to avoid purchasing any unofficial versions of SafeMoon tokens to prevent scams. Previously, SEC and US Department of Justice accused DeFi protocol Safemoon and its executives of fraud.