- Ripple case verdict sparks industry optimism, fueling XLM price rally to a 52-week high.
- Soroban’s release drives Stellar’s bullish momentum in the market.
- XLM faces potential resistance at $0.183, but strong support at $0.1400 may limit the downside.
Significantly, the digital asset world was set ablaze following the landmark decision in the Ripple case. The verdict, delivered by Judge Torres, asserts that a digital asset is not a security per se. This long-awaited clarity had the industry buzzing, prompting hopes for a halt in regulatory tectonic shifts.
Today’s decision in the Ripple case tells us that a digital asset (much like an orange grove BTW) is NOT a security in and of itself. Judge Torres’ decision on that point is important. The industry has been waiting for clarity – this decision goes a long way to get us there. Can…— Denelle Dixon (@DenelleDixon) July 13, 2023
Amid this development, Stellar focused its energies on utility and leveraging blockchain to illuminate a brighter financial future. Moreover, the Stellar ecosystem greeted a significant update as Tomer Weller, a Stellar developer, announced the Soroban Preview Release 10 going…
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