First Mover Americas: XRP Outperforms as Digital Assets Start Week in the Red

Jamie Crawley is a CoinDesk news reporter based in London.

The broader digital asset market, as measured by the CoinDesk 20 Index , fell 2.2%. ETH and SOL were around 2.5% and 2% lower respectively. One asset bucking the trend is XRP, which rallied 3% to just under $0.59 following the. Ripple was ordered to pay $125 million for violating federal securities laws over the sale of XRP to institutional clients. That was a fraction of the $2 billion the SEC sought.

The gain followed HashKey announcing a partnership with TON, in which it will offer regulatory guidance and collaborate on initiatives such as popular GameFi project Catizen, a Telegram-based gaming platform with multiple cat-themed mini games." focus on the TON ecosystem to offer unique Web3 gaming experiences, fostering the prosperity and development of the TON ecosystem," Ben El-Baz, managing director of HashKey Global, said in an e-mail.

Yen strength is a classic"risk-off" reaction. Thus, expectations for yen strength raise a red flag for risk assets, including cryptocurrencies.Shaquille O'Neal Will Have to Defend Some of the Allegations Against Him in the Astrals NFT Lawsuitin a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.

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