Crypto Stocks Mixed in Morning Trading; The9 Surged 80% This Week While Ebang Tumbled Over 14%
Tiger Newspress2023-07-14
Crypto stocks mixed in morning trading; The9 surged 80% this week while Ebang International Holdings Inc. tumbled over 14%.
The U.S. Securities and Exchange Commission (SEC) had accused Ripple Labs and its current and former chief executives of selling unregistered securities when conducting a $1.3 billion offering for XRP, which was created in 2012.
However, a U.S. District Judge ruled on Thursday that Ripple Labs did not violate federal securities law by selling its XRP token on public exchanges, a decision that sent the value of the token soaring by as much as 74 percent.
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