Crypto stocks extend gains, bitcoin hits yearly high after Ripple wins SEC case

Silvergate Capital

13/07/2023 20:41

(Updates)
    ** Shares of cryptocurrency and blockchain-related companies
soar, along with major crypto token prices, after U.S. judge
rules in favor of XRP-token issuer Ripple Labs in landmark
victory for crypto industry
    ** Bitcoin  BTC=BTSP  jumps 3.4%, on track for best day in
over three weeks, to its highest since June 2022 at $31,778
    ** U.S. judge rules Ripple did not violate federal
securities law by selling its XRP token  XRP=BTSP  on public
exchanges  urn:newsml:reuters.com:*:nL1N38Z236
    ** Ripple token  XRP=BTSP  leaps as high as $0.94, its
highest since December 2021, last up 72% at $0.79
    ** Crypto exchange Coinbase Global  COIN.O  leaps 20%,
blockchain farm operator Bitfarms Ltd  BITF.O  up 14%
    ** Crypto miners Riot Platforms Inc  RIOT.O , Marathon
Digital  MARA.O , Hut 8 Mining  HUT.O  up between 11% and 18%
    ** "This does look like XRP can be listed on exchanges
without violating the Howie Test ... for the first time, it
seems like we have rules of the road for how to evaluate these
tokens" - Ben Weiss, CEO of crypto ATM network CoinFlip 
    ** ProShares Bitcoin Strategy ETF  BITO.P  gains 4.2%
    ** Gains put bitcoin's YTD rise at 91%

 (Reporting by Medha Singh and Lisa Mattackal)
 ((medha.singh@thomsonreuters.com))