📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
The likelihood of the Ripple ETF being approved soared to 89% after the settlement with the SEC.
The likelihood of the SEC approving the Ripple ETF surged to nearly 89% on August 8, according to data from the prediction platform Polymarket. This development came just hours after the SEC and Ripple reached a settlement to end the lawsuit that had been ongoing since 2020. Observers believe that the resolution of this legal dispute has removed a significant barrier that was previously seen as a critical reason for the SEC to reject the Ripple ETF.
Before August 6, the predicted rate was over 70%, then dropped to 62% due to the information that SEC Commissioner Caroline Crenshaw voted against. However, Bloomberg's ETF expert Eric Balchunas believes this does not have a significant impact as Ms. Crenshaw is part of the minority, and he estimates the actual approval likelihood is 95%.
At the same time, positive news has helped the price of XRP rise more than 12% to 3.36 USD before adjusting back to 3.24 USD. Many investors expect XRP to challenge or surpass the historical peak reached in July.