Ripple Labs has transferred a portion of its XRP stash, with three transfers totaling 424,018,481 XRP. One transfer of 31 million XRP, equivalent to $16,530,182, was sent to an anonymous wallet marked as “unknown” but was later revealed to belong to Ripple. Grayscale has scored a legal victory against the U.S. Securities and Exchange Commission (SEC), following Ripple and Caitlin Long’s Custodian Bank. The court ruling stated that the SEC’s denial of Grayscale’s proposal was arbitrary and capricious. The crypto community is now anticipating Coinbase’s potential victory against the SEC.

AI Sentiment: Neutral