SoSo Daily Mar 20 | Ripple CEO Announces SEC's Decision to Drop Appeal, Marking Victory for Crypto Industry

According to sosovalue, the price of $BTC is 86,838 USD, an increase of 4.88% from yesterday. The market cap of $BTC is 1.72 trillion USD, accounting for 58.4% of the total market cap; $BTC's 24-hour trading volume is 34.52 billion USD, making up 27.7% of the total trading volume.
The price of $ETH is 2,056.8 USD, up 6.41% from yesterday; the market cap of $ETH is 248.11 billion USD, representing 8.41% of the total market cap; $ETH's 24-hour trading volume is 20.45 billion USD, comprising 16.4% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 66.81% of the total cryptocurrency market cap, and their combined trading volumes constitute 44.1% of the total trading volume.

After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:
As of 12:00 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Neiro on ETH. As of 23:50 today, its market cap is 125.95K, with a coin price of 0.00012595 USD, witnessing a 24-hour increase of 750%.
The second is CZ'S Dog. As of 23:50 today, its coin price is 0.069430 USD, with a 24-hour increase of 108%.
The third is Tutorial tut. As of 23:50 today, its coin price is 0.047783 USD, showing a 24-hour increase of 102%.
In fourth place is RSS3. As of 23:50 today, its coin price is 0.10043 USD, with a 24-hour rise of 91.7%.
In fifth place is Artificial Liquid Intelligence. As of 23:50 today, its coin price is 0.0084573 USD, increasing by 62.2% over the last 24 hours.




Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Wu said that Ripple CEO Brad Garlinghouse tweeted, "This is the moment we have been waiting for. The U.S. Securities and Exchange Commission will drop the appeal, which is a huge victory for Ripple and cryptocurrency." https://t.co/xIqOdMVGeG
Next news:Bitcoin's price has risen to $85,000, influenced by the Federal Reserve's policies and a surge in the stock market. However, an analyst advises investors to remain cautious.
Next news:Utila, a crypto wallet provider, has successfully raised $18 million in funding. This funding round highlights the growing institutional demand for digital asset management solutions. The company is led by founders Sam Eiderman, CTO, and Bentzi Rabi, CEO.
Next news:According to Wu, Blockworks has learned that former U.S. President Donald Trump is expected to speak at the New York Digital Assets Summit on March 20. The conference will also feature representatives such as Congressman Ro Khanna, Tom Emmer, and industry executives including Strategy CEO Michael Saylor and Ripple CEO Brad Garlinghouse, who announced at the event that the U.S. SEC has withdrawn its appeal against Ripple.
Next news:BTC price breaks through $84,000, daily increase of 2.94%. According to a PANews report on March 19, the OKX market shows that $BTC has just surpassed $84,000, with the current trading price at $84,000.00 and a daily increase of 2.94%.
Next news:Ripple's XRP surged by 10% following an announcement by CEO Brad Garlinghouse that the SEC is dropping its case against Ripple Labs. This development marks a significant victory for Ripple in its ongoing legal battle with the SEC, which has been closely watched by the cryptocurrency community. The news has positively impacted XRP's market performance, reflecting investor optimism about Ripple's future prospects.
Next news:Privy has secured $15 million in a funding round led by Ribbit Capital, increasing its total funding to over $40 million. Existing investors like Sequoia Capital and Paradigm also participated. The funds will expand Privy's team from 25 to 50 members over 18 months. Privy, known for its web3 wallet infrastructure, supports projects like Hyperliquid and OpenSea. This funding follows Utila's $18 million Series A round and Reown's $13 million Series B round. Ribbit Capital also led a $23.6 million round for Crossmint, a blockchain platform.
Next news:

Wu's exclusive report reveals that Binance has issued an announcement to all employees, adjusting its policy on cryptocurrency investment for staff. Employees not part of the listing group are now allowed to invest in cryptocurrencies on platforms like Binance, with a limit of $5,000.

Previously, Binance's internal policy required employees to hold any purchased cryptocurrency for more than 90 days before trading. In February of this year, CZ stated on Twitter that this policy hindered employees from understanding market demand. Subsequently, the internal policy at Binance underwent the aforementioned change.

Next news:Bitnomial, a Chicago-based exchange, has dropped its lawsuit against the SEC regarding its XRP futures product, following Ripple's legal victory. The exchange plans to launch the first-ever CFTC-regulated XRP futures in the U.S., asserting that these futures do not qualify as securities. This decision aligns with the SEC's recent actions, including dropping its appeal against Ripple and revisiting crypto regulations.
Next news:

Pluralis announced the completion of a $7.60 million Pre-Seed and Seed round financing, led by CoinFund and Union Square Ventures, with participation from Topology, Variant, Eden Block, Bodhi Ventures, and others. Pluralis has not yet launched a specific product, and this round of financing was conducted in equity form, accompanied by subscription warrants for potential future cryptocurrency issuance. Pluralis aims to build an AI computing architecture through a decentralized network. (Fortune)

Okay that's all for today. Thank you for tuning in, and we hope you found it helpful. Visit sosovalue.com, our one-stop financial research platform for crypto investors, to stay abreast of the latest market trends and key information. Until next time, goodbye.