The recent positive news about the different altcoins Ripple (XRP) and Solana (SOL) has moved crypto whales again into the market with huge position sizes. This development has also helped altcoins regain strength in their prices.
As the market has bounced, whales and fund houses are again pouring money into emerging coins, which have the potential to become leaders like Ripple (XRP) and Solana (SOL). One of the presales launched this year, DTX Exchange (DTX), has seen record inflow after the positive sentiments. DTX has raised over $1.2 million in just one month, and the target for August is set at $2 million.
According to a court filing, a Manhattan judge has ordered Ripple (XRP) Labs to pay the U.S. Securities and Exchange Commission (SEC) about $125 million in penalties for improperly selling the cryptocurrency XRP. This fine to Ripple (XRP), decided by Judge Analisa Torres, is significantly lower than the $1 billion in disgorgement, prejudgment interest, and $900 million in civil penalties the SEC initially sought.
Judge Torres also prohibited Ripple (XRP) from violating federal securities laws in the future. While she didn’t rule that Ripple (XRP) had already broken the law after the SEC’s lawsuit, she warned that the company might be at risk of “crossing the line” in its “on-demand liquidity” offerings.
“We respect the court’s decision and now have the clarity to continue growing our company,” Ripple (XRP) CEO Brad Garlinghouse said in a post on X.
Li.Fi, a DeFi protocol, is expanding into the Solana (SOL) ecosystem to improve user experiences across decentralized applications (dApps) by making cross-chain interactions easier in Solana (SOL). As part of this expansion, Li.Fi is introducing several enhancements to streamline these interactions further in Solana (SOL).
Li.Fi will also upgrade Solana (SOL) Token Swaps. Powered by Jupiter, Solana (SOL) ‘s top DEX aggregator, Li.Fi provides a highly efficient and cost-effective platform for trading Solana (SOL)- -based tokens at the best market prices.
DTX Exchange is competing with large altcoins in the DeFi space. With thousands of assets, distributed liquidity pools, non-custodial wallet options, and a potential for 1000x leverage with no KYC (Know Your Customer) requirements, it is easy to understand why this feature has sparked the market frenzy.
DTX has been a presale star, seeing early buyers earn a 100% return. In the next stage, the price is going to rise by $0.06/token, and during launch, the price will be around ~$ 0.12. The primary factor inspiring its growth has led to a race among speculators and investors looking for an opportunity
According to experts, the second presale round could sell out significantly faster than expected due to the obvious community appeal. The platform holders supposedly have lower trading fees, access to new features, and some future airdrops, and they are entitled to participate in governance votes and proposals.
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Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice.
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