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Justin Sun may finally be able to journey into space four years after he paid $28 million for a ticket, after the Securities and Exchange Commission (SEC) paused its lawsuit against him. Sun has avoided the US for years after the SEC accused him of washtrading and selling unregistered securities in 2023. The fear of arrest reportedly spooked him from returning to the country, even causing him to miss Donald Trump’s inauguration.   Fortunately for Sun, however, his SEC case has been “stayed” after he made numerous multi-million dollar investments into Trump’s crypto ventures.  This means that, as things stand, the controversial crypto billionaire is off to space later this year as part of Jeff Bezos’ ozone-depleting spaceflight program, Blue Origin. He teased the flight in an X post made in May, writing, “Hello @BlueOrigin Big things coming? I’m excited!” Meet the New Shepard NS-34 crew: Arvi Bahal, Gökhan Erdem, Deborah Martorell, Lionel Pitchford, J.D. Russe...

Ripple’s XRP had quite a few bullish weeks earlier this month. The asset breached the $3 mark for the first time in seven years. XRP has struggled to gain momentum since its all-time high in January 2018. Also Read: SEC Approves Bitcoin-Ethereum ETF—Crypto Jumps 12% with $100M Inflows! XRP Glows Red Source: CoinPedia Despite the recent upswing, Ripple’s XRP token has faced a significant correction over the last few days. The asset’s price is down 0.9% in the daily charts, 2.1% in the weekly charts, and 7.4% in the 14-day charts. The asset has maintained some gains in the monthly and yearly charts, rallying 44.6% and 505%, respectively. Source: CoinGecko Also Read: Shiba Inu Holders Demand a Solana Bridge: A Collaboration Underway? XRP’s dip could be due to macroeconomic factors. The US dollar is gaining strength and investors are flocking to safer assets. The Federal Reserve has paused interest rate hikes but has not announced a rate cut yet. The Fed also plans o...

Ripple’s XRP token has finally overcome the $1 mark. The asset last traded above $1 in November 2021, three years ago. XRP has had a rough few years due to Ripple’s lawsuit with the SEC. The suit was settled earlier this year, and the fintech company paid a $125 million fine. The asset is currently down by about 68% from its peak of $3.40. The popular crypto hit the $3.40 mark in January 2018, nearly seven years ago. The asset failed to hit a new peak during the 2021 bull run, likely due to the SEC lawsuit. With its legal woes over, XRP may be gearing up for another shot at reclaiming its all-time high. Also Read: Amazon: AMZN Eyeing New Heights in 2025 as Stock Could Surge When Will $1000 Worth of XRP Become $500,000? Source – CryptoRank If you purchase $1000 worth of XRP right now, you will receive about 925.92 tokens. For 925.92 tokens to be worth $500,000, the price of each coin has to hit nearly $540. XRP has to rally by 49,900% to hit $540 from current price leve...

Ripple’s XRP token is one of the most popular crypto projects. XRP is one of the most utilized currencies for cross-border remittances. Despite its popularity, the asset has faced substantial hurdles over the last few years. Also Read: US Stock: Here’s How High Tesla (TSLA) Share May Rise By Mid October While many significant crypto projects hit all-time highs during the 2021 bull run, XRP did not. The asset hit an all-time high of $3.40 in January 2018, over six years ago. XRP is currently down by 84.5% from its 2018 peak. Why The Dull Performance? Source – Coinpedia One of the primary factors for the asset’s lackluster performance over the last few years was Ripple’s lawsuit with the SEC. The financial watchdog accused the fintech company of selling unregistered securities and filed a lawsuit against the company in December 2020. The lawsuit led to significant barriers to XRP’s price. The lawsuit recently settled, with the fintech company paying a fine of...