Crypto Chronicles:You Know XRP

1-A drop in XRP puts the whale on the verge of a $8 million liquidation

In response to a general decline in sentiment in the cryptocurrency market, the price of XRP has fallen for three straight days, reaching its lowest level since May 8th.

The continued drop of XRP resulted in significant losses, particularly for traders who had leveraged their positions. During the course of the acceleration of the fall, the data from Hyperdash reveals that one whale has had an unrealized loss of $2.6 million.

The whale entered the trade at a price of $2.3715 and utilized a leverage of three times. In the event that it falls to $1.3949, which is almost 35% lower than its present level, it will be liquidated.

2-SEC statement: The Gensler period is no longer applicable to cryptocurrency staking

Legal uncertainty, which had for a long time hampered innovation and discouraged American participation in network staking, is alleviated as a result of this move, which was announced in a statement with the headline "Providing Security is not a 'Security'." The clarification does not constitute a rule that is legally binding; but, it does indicate that the present government is taking a more open regulatory stance. Additionally, it has the potential to unleash a substantial expansion of infrastructure connected to staking, which is becoming an increasingly essential component of the functioning and decentralization of innovative blockchain networks.

By stating that "certain proof-of-stake blockchain protocol'staking' activities are not securities transactions within the scope of the federal securities laws," Hester Peirce, who is the Commissioner of the Division of Corporation Finance, effectively encapsulated the essence of the approach taken by the Securities and Exchange Commission (SEC).

Pierse makes it clear that staking is a voluntary effort made by users to secure a network; nonetheless, the past regulatory uncertainty has been discouraging for people in the United States. The creation of this "artificial constraint" was detrimental to decentralization, resistance to censorship, and, consequently, the credibility of the neutrality of blockchains that are based on proof-of-stake.

According to the Division of Corporation Finance, the statement is applicable to a variety of different categories of individuals and services. These groups include individuals who stake assets individually or through the delegated-proof-of-stake platform, as well as providers of staking-as-service, which can be either custodial or non-custodial.

In addition, the statement from the commission explains that ancillary services that are associated with staking are not regarded to be an offering of securities. The commission highlights the provision of slashing coverage as an example of such ancillary services. This coverage restores staked crypto assets before the unbinding time comes to a conclusion. This allows the reward to be recalculated while still preserving the minimum quantity of staked assets that is required for normal network operation.

This statement is a follow-up to the clarification that was released earlier, which stated that the Securities and Exchange Commission does not apply rules governing securities offerings to the mining of Bitcoin.

Generally speaking, the clarification is consistent with the reasoning behind the commission's other actions and remarks that have been made in the post-Gensler era. This era began in 2025, when President Donald Trump instructed his administration to relax regulations governing the cryptocurrency industry.

3-Considering money differently in the web3 era: From capital to moral design, story, and code

As a result of this hyper-cycle of onchain wealth creation and eradication, we are compelled to reevaluate the nature of money and how it operates in a future that is decentralized. In contrast to the conventional system of money, which was centered on nation-states and central banks, web3 money is grounded on code, consensus, and the belief of the community.

The rest of the world is compelled to comply with its regulations, which it has written down for itself by itself. It is not because they are required to, but rather because they run the risk of falling behind if they do not. The only way to survive is to come up with new ideas. The majority of the innovation that is taking place right now is being done by web3, which is reimagining what money is capable of accomplishing and for whom it accomplishes it.

Capital is not simply capital in this new environment; rather, it is a representation of culture, software, and many types of narrative. Not only are the suits in their glass towers able to access value, but it is also digital, transferable around the clock, and accessible to everyone. The future of finance is being rapidly constructed right in front of our eyes, and in order to manage this transition, it is necessary to rewrite the rulebook on what it means to have money.

A new generation of digital natives is coming of age, and for them, money does not mean bank accounts and 401(k)s; rather, it means self-custodied stablecoins, yield-producing assets, and collectibles that may command prices that are so extravagant that they make your eyes water.

References

https://crypto.news/rethinking-money-in-the-web3-era-opinion/

https://crypto.news/sec-statement-marks-break-gensler-crypto-staking/

https://crypto.news/ripple-effect-xrp-whale-brink-8-million-liquidation/