XRP

PCT Litigation Trust has filed a major lawsuit against Swan Bitcoin, accusing the firm of using inside information to shield assets worth nearly $1 billion during the collapse of Prime Trust. The suit claims that Swan was able to transfer significant crypto holdings, including BTC and XRP, just prior to the bankruptcy filing, thereby minimizing potential losses for itself.

Despite Bitcoin's recovery to $77,400 and gains in select altcoins, the derivatives market indicates a cautious sentiment. The notable drop in crypto futures volume and open interest suggests that many major market players are reducing their overall risk exposure.

Major cryptocurrencies experienced a significant bounce following the Senate's vote to curb potential conflict and positive regulatory signals from the Federal Reserve. These gains were reinforced by traditional market indicators, suggesting improved institutional confidence and liquidity for the crypto sector.