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<a href="https://defi-planet.com/2024/10/ripples-latest-xrp-moves-raise-questions-amid-sec-lawsuit/" rel="noopener noreferrer nofollow">XRP Transfers Trigger Speculation Amid Legal Battle with SEC</a>Ripple&#39;s recent XRP transfers—a whopping 260 million tokens—have everyone guessing. Did they happen to coincide with their ongoing SEC lawsuit? Some think it might signal upcoming sales, potentially impacting XRP&#39;s price, which dipped 3% recently. Ripple&#39;s CEO, Brad Garlinghouse, calls the lawsuit a win for the industry and the rule of law. Whether a strategic move or a coincidence, it keeps things interesting.However, Ripple’s legal challenges maybe impacting XRP&#39;s price, which dropped 3% to $0.52 within 24 hours after this development. The trading range has tightened, moving between $0.525 and $0.541. Trading volume also fell by 30%, and open interest in XRP futures decreased by 2%, totalling $761.69 million, according to Coinglass data.<a href="https://defi-planet.com/2024/10/crypto-hedge-fund-managers-merge-to-attract-pensions-investments/" rel="noopener noreferrer nofollow">JellyC and Trovio Merge, Eyeing Pension Fund Inflows</a>Australian crypto hedge fund JellyC merged with Trovio Asset Management to attract big institutional investors, particularly pension funds. It was reported that JellyC will hold a majority stake in its merger with Trovio. Trovio CEO Jon Deane indicated plans to sell shares in the combined entity, although a timeline for this was not specified.JellyC Co-Founder Michael Prendiville stated that the merger aims to boost their assets under management (AUM) by 150%, targeting around AUD 250 million (approximately USD 166.5 million). He emphasized the importance of attracting significant investors from the Asia-Pacific region, mainly Australian pension funds. He also expressed optimism that these pension funds will begin investing in digital assets as crypto regulations progress in Australia.<a href="https://defi-planet.com/2024/10/consensys-urges-next-u-s-administration-to-prioritize-clear-crypto-regulations-and-innovation-ahead-of-2024-election/" rel="noopener noreferrer nofollow">Consensys Calls for Clarity in U.S. Crypto Regulations</a>Consensys, a key player in Ethereum&#39;s ecosystem, is urging the upcoming U.S. administration to streamline crypto regulations and foster innovation in the blockchain space ahead of the 2024 elections. The call for more explicit regulatory guidelines and enhanced consumer protections underlines the industry&#39;s push for a more supportive environment to drive blockchain technologies forward. They urged the future U.S. president to embrace these priorities for a &#34;more hopeful future&#34; for blockchain technologies and the individuals whose livelihoods depend on them.Recently, the firm urged the U.S. Internal Revenue Service (IRS) to postpone new reporting rules, citing heavy compliance burdens and ambiguity in the regulations. Bill Hughes, a senior counsel at Consensys, criticized the Draft Form 1099-DA for its broad scope, arguing that it does not adequately address the compliance challenges faced by potential brokers.—----<h3 id="strong-prepare-for-the-pinnacle-gathering-of-the-year-strong">Prepare for the pinnacle gathering of the year!</h3>Money20/20 USA, Business-changing connections. Powerful conversations. Innovative Partnerships. Valuable  learnings. Immersive Experience. Max ROI. - This is Money20/20 USA. Experience for yourself  on October 27-30 why this is the place where money does business. (Spoiler: 3,000&#43; leading  companies joined us last time around!)Don’t get left behind, join now and use code DEF250 to save an extra $250 off your pass!<img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdHobnlfpKcJ5x8wSLju1AslTDCjoSr1FDQ8rtx_pH86CAf-6NodnghlawseX6vayMiOuophh7qSCn7UoSnK7EytCzT6hnkZ7wBohBlF-st_MMvuk6v1aFpqZa8VG4xsKTvBmZE0nxWpPRI6sba5dkqjZp_?key&#61;zgTUaO_Myh7BBUik-CCUMA" />Catch up on the Cryptoverse for the week!<ul><li><a href="https://defi-planet.com/2024/10/brad-garlinghouse-reflects-on-xrp-sec-legal-struggles-says-he-regrets-not-engaging-u-s-regulators-earlier/" rel="noopener noreferrer nofollow">Brad Garlinghouse Reflects on XRP-SEC Legal Struggles; Says He Regrets Not Engaging U.S. Regulators Earlier</a></li><li><a href="https://defi-planet.com/2024/10/us-and-nigeria-launch-bilateral-group-force-to-tackle-cryptocurrency-crimes/" rel="noopener noreferrer nofollow">US and Nigeria Launch “Bilateral Group” Force to Tackle Cryptocurrency Crimes</a></li><li><a href="https://defi-planet.com/2024/10/consensys-urges-next-u-s-administration-to-prioritize-clear-crypto-regulations-and-innovation-ahead-of-2024-election/" rel="noopener noreferrer nofollow">Consensys Urges Next U.S. Administration to Prioritize Clear Crypto Regulations and Innovation Ahead of 2024 Election</a></li><li><a href="https://defi-planet.com/2024/10/base-integrates-optimisms-fault-proof-system-to-boost-decentralization/" rel="noopener noreferrer nofollow">Base Integrates Optimism’s Fault-Proof System to Boost Decentralization</a></li><li><a href="https://defi-planet.com/2024/10/gora-expands-its-multi-chain-oracle-service-with-deployment-on-base-and-starknet/" rel="noopener noreferrer nofollow">Gora Expands its Multi-Chain Oracle Service with Deployment on Base and Starknet</a></li><li><a href="https://defi-planet.com/2024/10/binance-futures-adds-solana-based-meme-coin-moodeng-to-its-usdt-perpetual-contract-listings/" rel="noopener noreferrer nofollow">Binance Futures Adds Solana-Based Meme Coin MOODENG to its USDT Perpetual Contract Listings </a></li></ul>Spotlight on interesting projectsTezoro<a href="https://tezoro.io/" rel="noopener noreferrer nofollow">Tezoro</a> is a non-custodial service that allows you to reduce the risk of losing your crypto by ~100 times by creating a backup: a smart contract that can withdraw crypto from your wallet and transfer it to a backup address even if you&#39;ve already lost access to your wallet or died.Tezoro is a non-custodial service. It helps you to prepare your backup, and you confirm it via your MetaMask and deploy it directly to the blockchain.Nobody, including Tezoro, can change the amount or replace the backup address. The only thing you allow it to do is initiate the transfer at the moment you need it.For more information, visit <a href="https://tezoro.io/" rel="noopener noreferrer nofollow">https://tezoro.io/</a><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXemZyEXaN7pXueXEfEhyUmnzEmvLTz8kuiHUbGL2BP_eM4uFHGV0RoyzsEsFA_BjWjmEKfPvIGtGPPfF6oqLoOOOLk0hfSUkzeXZkHnQm4rdVAeq12tetc7lrFTgO96hZn91lHy1gbhBwVUOY0xg4Ibr3W4?key&#61;zgTUaO_Myh7BBUik-CCUMA" />If you want more content like this, visit <a href="https://defi-planet.com/" rel="noopener noreferrer nofollow">DeFi Planet</a> and follow us on <a href="https://twitter.com/PlanetDefi" rel="noopener noreferrer nofollow">Twitter</a>, <a href="https://www.linkedin.com/company/defi-planet/" rel="noopener noreferrer nofollow">LinkedIn</a>, <a href="https://www.facebook.com/DeFi-Planet-129907662611402" rel="noopener noreferrer nofollow">Facebook</a>, <a href="https://www.instagram.com/defi.planet/" rel="noopener noreferrer nofollow">Instagram</a>,  <a href="https://medium.com/&#64;defi-planet" rel="noopener noreferrer nofollow">Medium</a>. and <a href="https://coinmarketcap.com/community/profile/DeFiPlanet/" rel="noopener noreferrer nofollow">CoinMarketCap Community</a>.

This Week in Web3: Ripple's XRP Moves, Hedge Fund Mergers, and Regulatory Urgency

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