A US court has ruled that Ripple Labs Inc.’s XRP coin is not a security, leading to a rise in Bitcoin’s price.

This marks the first time the SEC has brought a case against a cryptocurrency company, and buyers are hopeful that other cryptocurrencies may not be stocks.

Binance, the world’s largest cryptocurrency exchange, has lost over 1,000 employees, potentially costing over a third of its staff.

Coinbase will stop offering its coin holding service in California, New Jersey, South Carolina, and Wisconsin.

Bitcoin’s price reached its highest level since June 2022, and ether’s session was its best since March.

Keyrock, a Hong Kong digital asset market maker, believes the decision sets a standard for XRP tokens sold on public crypto platforms.

Coinbase and Bitstamp resumed trading after stopping in 2021, with investors expecting the Ripple case to benefit Coinbase, leading to a 25% increase in shares.