Ripple Rival Stellar (XLM) Benefits from XRP’s Recent Run with 17% Weekly Gains cryptomarketbag

Ripple’s Rivals Stellar (XLM) It seems to have benefited from the recent XRP price increase as it is currently posting a 17% weekly gain. At the time of publication, Stellar (XLM) was trading at $0.119 with an increase of 4.91% over the past 24 hours and 17.19% over the past week. XLM currently ranks as the 25th largest cryptocurrency with a market capitalization of $3 billion.

As reported by U.Today, the price of XRP surged over 35% in the past week against the backdrop of top cryptocurrencies like Bitcoin and Ethereum, recording significant weekly losses. At the time of publication, XRP was changing hands at $0.439, up almost 10% over the past 24 hours and a weekly 35.18% weekly. CoinMarketCap Information

According to on-chain analytics firm Santiment, two factors may have contributed to XRP’s recent rise: increased trader optimism and higher whale movement. Trader optimism rises amid positive developments in the ongoing Ripple lawsuit. In a 2020 lawsuit, the SEC accused Ripple and its top executives of selling unregistered securities.

The case could affect hundreds of other digital coins, including XLM, and is expected to help define the Commission’s ability to regulate crypto assets.

For the first time in August, Grayscale indicated that ZEC, ZEN and XLM “may currently be a security based on the facts that exist,” which marked a significant change from its position in May and June that the trio would eventually . considered as securities.

Grayscale then said it was “responding” to SEC officials from the Department of Corporate Finance and Enforcement, the investigative arm that recently increased its surveillance of cryptocurrencies.

USDC can be sent as “email” on Stellar

TildaMail today announced integrations to plug in more than seven million Stellar accounts to send and receive private email, files, and USDC payments. Here, USDC can be sent in seconds just like an email on Stellar.

Announcing the development, Tildamel revealed via a tweet on its official page that it has partnered with Stellar to design the initiative.

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