Ripple (XRP) Price
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Ripple's Legal Battle Heats Up: XRP Reacts to the Latest Courtroom Victory
XRP, the native cryptocurrency of Ripple, saw a significant 6% surge in value following the latest courtroom victory in Ripple's ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). On May 16, Judge Analisa Torres, presiding over the Ripple vs. SEC case, denied a lawsuit filed by SEC.
How the Fed's Interest Rate Hike Impacted Crypto
On Wednesday, the Federal Reserve raised its benchmark interest rate by 25 basis points to 5-5.25% a move aimed at addressing the persistently high inflation and a series of notable bank failures in the United States.