XRP脫心隆（USDT）將成為市值的第三個有價值的加密貨幣

在加密貨幣市場的一個顯著轉變中，XRP最近使Tether（USDT）成為市值通過市值成為第三個最有價值的加密貨幣。

As the cryptocurrency market continues to navigate regulatory uncertainty and an evolving landscape, XRP has dethroned Tether (USDT) to become the third most valuable cryptocurrency by market capitalization. This development comes at a time when the crypto space faces shifting dynamics and increasing institutional interest.

隨著加密貨幣市場繼續駕駛監管不確定性和不斷發展的景觀，XRP剝奪了Tether（USDT），成為市值通過市值的第三個最有價值的加密貨幣。這種發展是在加密空間面臨轉移動態並增加機構利益的時候。

Tether, which had long held the third position due to its status as a stablecoin pegged to the U.S. dollar, has now been overtaken by XRP, a token that has been at the center of both legal battles and market volatility. This move marks an important milestone in XRP’s ongoing journey, one that could have long-lasting effects on the crypto market’s overall dynamics.

Tether長期以來一直擔任第三位，這是由於其作為與美元掛鉤的Stablecoin的地位，現在已被XRP（XRP）所取代，XRP已成為法律鬥爭和市場波動的中心。此舉標誌著XRP正在進行的旅程中的一個重要里程碑，這可能會對加密貨幣市場的整體動態產生持久的影響。

Several factors have contributed to XRP’s rapid rise, including favorable legal developments, growing investor optimism, and an increasing number of partnerships involving Ripple Labs, the company behind XRP. Ripple, which uses XRP to facilitate international payments, has been embroiled in a prolonged legal battle with the U.S. Securities and Exchange Commission (SEC). The SEC has accused Ripple of conducting an unregistered securities offering by selling XRP, arguing that it should be classified as a security. However, in a landmark ruling in July, a U.S. district judge ruled that XRP’s programmatic sales (the sale of XRP through exchanges) were not subject to securities laws, creating a major victory for Ripple.

XRP迅速上升的幾個因素，包括有利的法律​​發展，不斷增長的投資者樂觀情緒以及涉及Ripple Labs（XRP背後的公司）的伙伴關係越來越多。使用XRP促進國際付款的Ripple已捲入與美國證券交易委員會（SEC）的長期法律鬥爭中。 SEC指控波紋通過出售XRP進行未註冊的證券提供，並認為應將其歸類為安全。但是，在7月的一項具有里程碑意義的裁決中，美國地方法院法官裁定XRP的程序化銷售（通過交易所出售XRP）不遵守證券法，從而為Ripple帶來了重大勝利。

Despite the ongoing litigation and the SEC’s decision to appeal the ruling, XRP’s price has soared, and the market has responded positively to this legal win. Investors have become increasingly optimistic that Ripple could ultimately prevail in its legal struggle, potentially bringing regulatory clarity to the broader crypto market. This, in turn, has boosted XRP’s market capitalization, enabling it to surpass Tether’s market value. As a result, XRP now sits behind only Bitcoin (BTC) and Ethereum (ETH) in terms of total market value.

儘管正在進行的訴訟以及SEC對裁決提出上訴的決定，但XRP的價格卻飆升，市場對這一法律勝利做出了積極的反應。投資者變得越來越樂觀，因為Ripple最終可以在其法律鬥爭中佔上風，這可能會使更廣泛的加密貨幣市場帶來監管的清晰度。反過來，這增加了XRP的市值，從而超過了Tether的市場價值。結果，XRP現在僅坐在比特幣（BTC）和以太坊（ETH）後面，就總市場價值而言。

XRP’s Legal Struggles and Their Impact on the Market

XRP的法律鬥爭及其對市場的影響

XRP’s rise to prominence has not been without its challenges. The ongoing legal dispute with the SEC has cast a long shadow over the cryptocurrency, contributing to significant volatility in its price. Initially, when the SEC filed its lawsuit against Ripple in late 2020, XRP’s market price took a sharp hit, and several major exchanges delisted the token, citing the legal uncertainties surrounding its status. Many investors were cautious about holding XRP during this time, unsure whether it would eventually be classified as a security or face further regulatory hurdles.

XRP的崛起並非沒有挑戰。與SEC進行的持續法律糾紛對加密貨幣產生了長時間的陰影，導致其價格大幅波動。最初，當SEC在2020年末提起針對Ripple的訴訟時，XRP的市場價格受到了巨大打擊，幾次重大交易所使該代幣脫穎而出，理由是圍繞其地位的法律不確定性。許多投資者對在此期間持有XRP的持續謹慎，不確定它最終將被歸類為安全還是面臨進一步的監管障礙。

However, despite these challenges, Ripple has managed to maintain a strong position in the market. The company’s legal defense, led by its general counsel, has been robust, and Ripple’s team has argued that XRP is not a security, but rather a digital asset that serves as a utility in Ripple’s payment network. In addition to this defense, Ripple has pointed to the widespread use of XRP in real-world applications, such as cross-border payments, as evidence that it functions more like a currency or a commodity than a traditional security.

但是，儘管面臨這些挑戰，但Ripple還是在市場上保持了強大的地位。該公司的法律辯護在其總法律顧問的領導下非常強大，Ripple的團隊認為，XRP不是安全性，而是一種數字資產，在Ripple的支付網絡中充當實用性。除了這種辯護外，Ripple還指出，在諸如跨境支付之類的現實應用程序中廣泛使用XRP，證明其功能更像是貨幣或商品，而不是傳統的安全性。

The July ruling from the district court was seen as a significant victory for Ripple, as it found that XRP’s programmatic sales did not constitute a violation of U.S. securities laws. This ruling effectively limited the scope of the SEC’s claims against Ripple, even though the agency has since filed an appeal in an attempt to overturn the decision. While the legal battle is far from over, the ruling provided much-needed relief for XRP holders and restored confidence in the cryptocurrency. Ripple’s victory also signaled to the broader crypto community that courts might be willing to treat different tokens differently, rather than applying the same standards to all cryptocurrencies.

從地方法院裁定的7月裁決被認為是波紋的重大勝利，因為它發現XRP的程序化銷售並不構成違反美國證券法的行為。該裁決有效地限制了SEC針對Ripple的主張的範圍，儘管該機構此後已提出上訴試圖推翻決定。儘管法律鬥爭還遠遠沒有結束，但該裁決為XRP持有人提供了急需的救濟，並恢復了對加密貨幣的信心。 Ripple的勝利也向更廣泛的加密社區表示，法院可能願意以不同的方式對待不同的代幣，而不是將相同的標準應用於所有加密貨幣。

XRP’s legal saga remains an ongoing story that continues to capture the attention of both crypto enthusiasts and regulators. How the courts ultimately rule on the SEC’s appeal will have profound implications not just for XRP, but for the entire cryptocurrency industry. A favorable outcome for Ripple could set a precedent for how other cryptocurrencies are treated by regulators, providing much-needed clarity to the market. Conversely, a ruling that sides with the SEC could further tighten regulations on the industry and set back the broader adoption of blockchain technology.

XRP的法律傳奇仍然是一個正在進行的故事，它繼續吸引加密助人愛好者和監管機構的注意力。法院最終如何對SEC上訴的統治將不僅對XRP，而且對整個加密貨幣行業產生深遠的影響。漣漪的一個有利的結果可以為監管機構如何處理其他加密貨幣的方式樹立先例，從而為市場提供了急需的清晰度。相反，與SEC有關的一方可以進一步收緊行業的法規，並恢復更廣泛的區塊鏈技術的採用。

The Rise of XRP: Investor Optimism and Market Momentum

XRP的興起：投資者樂觀和市場動力

Aside from the legal aspects, another factor contributing to XRP’s rise has been the growing optimism among investors. The cryptocurrency market, as a whole, has witnessed an increasing influx of institutional interest in recent years. Digital assets like Bitcoin and Ethereum have gained widespread recognition and acceptance, not only as speculative investments but also as store-of-value assets and alternatives to traditional financial systems.

除了法律方面，促成XRP崛起的另一個因素是投資者的樂觀情緒越來越大。整個加密貨幣市場近年來見證了機構興趣的湧入。像比特幣和以太坊這樣的數字資產已獲得廣泛的認可和接受，不僅是投機性投資，而且作為價值存儲資產和傳統金融系統的替代品。

XRP has benefited from this trend, with many investors viewing it as a cryptocurrency that could facilitate real-world use cases in the financial services industry. Ripple’s focus on cross-border payments and remittances has positioned XRP as a potential solution to some of the inefficiencies inherent in the traditional banking system. Ripple’s network, which allows for instant, low-cost international money transfers, has been adopted by a

XRP從這一趨勢中受益，許多投資者將其視為一種加密貨幣，可以促進金融服務行業現實世界中的用例。 Ripple對跨境支付和匯款的關注已將XRP定位為潛在的解決方案，以解決傳統銀行系統固有的一些效率。 Ripple的網絡允許即時，低成本的國際貨幣轉移，已被A採用