Ripple’s XRP token has dropped over 5% in the past 24 hours, falling below $0.50 for the first time since July 13. In Ripple’s legal fight with the SEC, the U.S. regulator said Friday it needed to appeal a judge’s decision in July that the blockchain firm had not violated securities law in making XRP available to retail investors. Altcoins across the board are in the red to start the week, with XRP among the worst affected. The CoinDesk Market Index (CMI) is at its lowest point since mid-June. Bitcoin, meanwhile, continues the sideways movement it has experienced since the start of the month, down around 0.5% at $25,670 at the time of writing.
State of Wisconsin Buys Nearly $100M Worth of BlackRock Spot Bitcoin ETF (IBIT)
The investment board, also known as SWIB, was founded in 1951 and currently manages more than $156 billion in assets,...