As LTC rebounds on Wednesday, XRP remained closed to a 4-month high on Wednesday, following a recent breakout of a key resistance level. The token was above 0.4000 for a second consecutive session, which happened for the first time since June. Litecoin also edged higher, after prices rebounded following recent losses. XRP XRP continued to trade close to a 4-month high on Wednesday, as bullish sentiment remained strong within the token. Following a low of ERO.377 for dollars earlier in today's session, XRP slash USD raised to a peak of ERO.4215 on hump day. The move comes after the token broke out of its key price ceiling of ERO.4000 on Tuesday, hitting its highest point since June 1st in the process.Although prices have since declined, and as of writing are trading at 0.4000 for $4000, many still believe that further rallies could come. Some believe that bulls are targeting a 0.4500 dollars point, which appears to be the longer-term resistance point in XRP. However, with the 14-day relative strength index, RSI, tracking at 62.45, prices may currently be overboard, leading to an influx of bears, opposed to bulls although prices have since declined, and as of writing are trading at 0.404 $4, many still believe that further rallies could come. Lightcoin, LTC, was also in the green in today's session, and prices rebounded following recent losses. Following a drop to a two-month low of $50.01 to start the week, LTC slash USD rose to an intraday peak of $54.17 on Wednesday. Historically, once above the aforementioned floor, bulls typically take prices towards a ceiling of $60. In order for this to happen on this occasion, we will need to see LTC climb above another ceiling, this time within the RSI. As of writing, the index is tracking at 43.18, however it is fast approaching a resistance of 44.20, which would need to be overcome. Chinese currency breaches 7 to 1 exchange rate against US dollar for first time in two years. The offshore exchange rate of China's V8 currency versus the US dollar recently breached the 7 to 1 mark for the first time in over two years. After it touched a new 2022 low of 7.018, you earn for every dollar on September 15. Similar to other global currencies that have depreciated in 2022, the you earn Steve the offshore exchange rate of the Chinese currency versus the US dollar breached the 7RMB per every dollar mark after it traded at 7.0188 on September 15, 2022. This is the first time in over two years that the exchange rate of the two currencies has gone past this threshold. However, on the same day, the you earn onshore exchange rate had not breached the 7 to 1 threshold according to a report in the economic times, the you earn's depreciation against the green back comes against the backdrop of a strengthening dollar. The currencies decline also came amidst growing fears that the Chinese economy may be slowing down. However, as per the report, the Chinese central bank's attempts to assist the economy via an interest rate cut in August helped to spark a 3% depreciation of the you earn.Remarking on the dilemma that the people's bank of China, PBOC, now faces, Ken Chung, chief Asian FX strategist at Mizuhar bank, said a line is being driven by the strengthening of the US dollar.Chung is also quoted in another report stating that he now believes that the puboc is no longer interested in stopping the currency from breaching 7 you earn for every dollar, but will attempt to delay and smooth out the you earn depreciation pace. The economic daily report notes that the you earn is not the only currency struggling with a stronger dollar. According to the report, authorities in Japan are also wary of the strengthening dollar, which has seen the exchange rate between the currencies move from 115 to 1 on 2 January 2022 to over 143 to 1 by September 20 2022.Just the like-in, European Union's single currency, the Euro, began the year trading around 88 euro cents for every dollar but by August 21, 2022, it reached parity with the greenback. With the exception of a few currencies like the Zambian quarter and the Russian rubble, many other currencies have struggled against the dollar.Some economists believe the US Federal reserves attempts to bring down the United States inflation rate via regular marginal increases in interest rates could be one of the reasons why the dollar has gained against other currencies. Lange, Boba of Excel 2 to provide faster transactions and lower fees on Wednesday. The Layer 2 scaling solution that leverages optimistic roll-up technology, Boba Network has revealed it now supports the proof of stake, costs, network avalanche. According to the Boba Network team, the new avalanche support will produce faster transactions and lower fees. Boba Network integrates with the avalanche possible blockchain Boba Network, the Layer 2, L2, scaling project introduced Boba of Excel 2 on Wednesday via the team's Twitter account. We're over the slopes to announce our partnership as an official scaling solution for avalanche, Boba said. Avalanche offers blazing fast speeds, low costs, and eco-friendly solutions. Boba of Excel 2 holds true to those values and enhances it further. Boba is already connected with the Ethereum, ETH, Network and at the time of writing, L2feast.infostats show Boba's fee to move either today is 17 cents and to swap tokens the estimated price is 30 cents. That is cheaper than the current 34-gy, 96 cents, to some ether on chain, according to etherscan.io's gas tracking tool. A high priority decentralized exchange, DEX, swap can cost $8.47 for transaction on chain, so Boba's 30 cents cost to swap is 96.45% cheaper. Faster transactions, lower fees, Boba of Excel 2 is catered for all heavy transactions, throughput reliant protocols, and anyone wanting to be part of the next generation, Boba further declared on Wednesday. The team further explained it is joining partner decentralized applications, DAPS, like Suji Swap and ETH versus with the new support. Boba added, L2 projects like Boba Network have been partnering with a great deal of industry heavyweights and blockchain networks in recent times. OpenC recently detailed the leading NFT marketplace has added arbitrum support and the NFT market competitor Rareble revealed a mutable ex support. Arbitrum, immutable ex, and Boba Network are all L2 projects and other competitors include Lupin, Sksink, Optimism, Mades, Polygon Hermetz, and heavyweight no more at the launch crypto-focused venture capital arm on Wednesday. The Japanese financial holding company and principal member of the no more a group, no more holdings, announced the launch of a crypto-focused venture capital unit called Laser Digital Holdings. No more as move follows a number of financial giants entering the cryptocurrency industry this year.The investment banking giant from Japan, no more a holdings, is stepping into the world of crypto assets and in the coming months the new venture will reveal a slew of new services and product lines. No more a is one of the largest investment banks in Japan and one of the oldest in the country. The investment company established itself 97 years ago in Osaka in 1925 as no more as securities. The new Laser Digital Holdings is a Switzerland-incorporated holding company that aims to establish three vertical products offerings including secondary trading, venture capital, and investor products. The new venture will be led by Jez Mojadina CEO and Stephen Ashley as Laser Digital's chairman. Switzerland was chosen for the countries established and robust regulatory regime. No more as press release discloses. Staying at the forefront of digital innovation is a key priority for no more the investment banks president and CEO Kentaro Okuda remarked on Wednesday. This is why alongside our efforts to diversify our business we announced earlier this year that no more would be setting up a new subsidiary focused on digital assets. No more as latest offering follows Nazdaq's new crypto-custody venture announced on Tuesday. Furthermore, before no more and Nazdaq's announcements, fidelity digital assets, Citadel securities, and Charles Schwab Corporation announced a collaborative effort with plans to launch a crypto exchange that will deal with both retail and institutional clients. The three financial companies are calling the Exchange EDX markets, EDXM, and former Citadel securities executive Jamil Nazarali was named the trading platform CEO. The Japanese financial giant No more a detailed on Wednesday that the first product laser digital plans to drop is a venture capital, VC, unit called Laser Venture Capital. The new unit will invest in companies in the digital ecosystem with a focus on decentralized finance, DeFi, centralized finance, SFE, Web3, and blockchain infrastructure. No more as press announcement concludes.