Good morning crypto insiders, in this article we will give you an overview of the most important developments in the crypto market last night.
This means you can quickly find out about all current developments. Expect more in-depth articles from Crypto Insiders on these topics throughout the day.
Ripple must release financial documents
The American one Securities and Exchange Commission (SEC) has won a small victory in its legal battle with Ripple, the company behind XRP.
A US district judge has ordered Ripple to provide additional information about the company’s finances and institutional sales of XRP.
Ripple has been ordered to provide financial reports and contracts for institutional sales of XRP for 2022 to 2023. It should also provide insight into the amount of proceeds generated from institutional XRP sales.
Surprising move: EigenLayer from Ethereum
EigenLayer, an innovative protocol based on Ethereum (ETH) that introduces “restaking,” had a big boost yesterday Notice Completed. Until February 9th, the stake limit will be increased from 200,000 ETH per protocol.
EigenLayer offers Ethereum stakers the opportunity to earn additional income. Ethereum Liquid Stake tokens from platforms such as Lido, Swell and Rocket Pool can be staked on the protocol to secure other networks.
The temporary change has the Total value locked (TVL) has experienced a huge boost. Yesterday, the total value of locked assets was $2.156 billion, but currently the TVL stands at a whopping $3.649 billion. According to DefiLlama, this represents an impressive increase of almost 70 percent.
ENS crypto rises 20% after new collaboration
Ethereum Name Service (ENS), a platform that allows Ethereum wallet addresses to be converted into easy-to-read names, is in play smashed with GoDaddy, an American company specializing in domain registration and web hosting.
GoDaddy customers can now easily link their DNS Internet domain (e.g. .com or .nl) to an ENS domain (.eth).
The new collaboration has resulted in a sharp increase in the price of the underlying ENS cryptocurrency. ENS is 21.85 percent higher than 24 hours ago and can therefore be described as by far the best performing cryptocurrency today.
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