TL;DR Breakdown XRP has displaced a host of other digital assets, making its way into fourth position in terms of market capitalization. Major exchanges have announced plans to relist the digital asset after the successful verdict. Description Ripple’s XRP, the digital asset associated with Ripple Labs, has witnessed a remarkable surge in market capitalization following the company’s partial victory in its legal battle against the U.S. Securities and Exchange Commission (SEC) on July 13. Within hours of the court ruling, XRP’s market cap experienced a staggering increase of $21.2 billion, reaching a … Read more Ripple’s XRP, the digital asset associated with Ripple Labs, has witnessed a remarkable surge in market capitalization following the company’s partial victory in its legal battle against the U.S. Securities and Exchange Commission (SEC) on July 13. Within hours of the court ruling, XRP’s market cap experienced a staggering increase of $21.2 billion, reaching a new yearly high of $46.1 billion. This boost propelled XRP to secure the fourth position among cryptocurrencies by market capitalization, surpassing Circle’s USDC and Binance’s BNB token. Presently, Ripple’s market…

TL;DR Breakdown Circle CEO Jeremy Allaire has warned congress about threats to the status of the dollar as a reserve currency. Industry leaders advocate for well-regulated stablecoins. Description Circle CEO Jeremy Allaire, has sounded the alarm about the United States dollar’s position as a global reserve currency. In a two-minute video released by Circle on July 13, Allaire directed his message to lawmakers, emphasizing the urgent need for Congress to regulate stablecoins. Circle CEO wants urgent regulation of stablecoins The call for action … Read more Circle CEO Jeremy Allaire, has sounded the alarm about the United States dollar’s position as a global reserve currency. In a two-minute video released by Circle on July 13, Allaire directed his message to lawmakers, emphasizing the urgent need for Congress to regulate stablecoins. Circle CEO wants urgent regulation of stablecoins The call for action comes as bipartisan legislation specifically addressing digital assets was reintroduced to Congress on July 12, after originally being proposed over a year ago in June 2022. The Circle CEO expressed concern about the increasing competition faced by the US…

TL;DR Breakdown Former President Donald Trump’s NFT company, CIC Digital LLC, reveals a bank account balance of less than $1,000 but holds a substantial Ethereum wallet valued between $250,000 and $500,000. Trump’s NFT sales have seen significant success, with a surge in sales volume and a rise in floor prices for Trump-branded digital assets. The financial filing provides detailed information on Trump’s income sources, totaling over $1.2 billion, including earnings from foreign business activities, speaking fees, and NFT transactions. Description Former President Donald Trump has disclosed new details about CIC Digital LLC, a company that receives licensing fees for using his likeness on non-fungible tokens (NFTs). According to a revised financial filing submitted by Trump on July 13, CIC Digital LLC holds an Ethereum wallet with an estimated value ranging from $250,000 to $500,000, while … Read more Former President Donald Trump has disclosed new details about CIC Digital LLC, a company that receives licensing fees for using his likeness on non-fungible tokens (NFTs). According to a revised financial filing submitted by Trump on July 13, CIC Digital LLC holds…

TL;DR Breakdown The Indonesian government is launching a national cryptocurrency exchange on July 14 Cryptos on the exchange will remain ‘local’ Indonesia has been very supportive of crypto assets, including categorizing 501 crypto assets as commodities Description The Indonesian government is proceeding with its plans to launch a national cryptocurrency exchange available to the citizens in the upcoming weeks. According to Tembo, a local news agency, Indonesia’s Commodity Futures Trading Supervisory Agency (CFTRA), also called Bappebti, has announced that it will launch the national crypto exchange on July 14. Didid Noordiatmoko, the … Read more The Indonesian government is proceeding with its plans to launch a national cryptocurrency exchange available to the citizens in the upcoming weeks. According to Tembo, a local news agency, Indonesia’s Commodity Futures Trading Supervisory Agency (CFTRA), also called Bappebti, has announced that it will launch the national crypto exchange on July 14. Didid Noordiatmoko, the head of Bappebti, allegedly stated that only the national exchange will have the authority for use in all crypto transactions. The official confirmed that the supervisory agency agreed on the…

TL;DR Breakdown Several crypto exchanges are making moves to relist XRP following Ripple’s successful verdict in court. Court ruling provides regulatory clarity for the token. Description Crypto exchanges are eagerly positioning themselves to list Ripple’s token, XRP, following a significant ruling by a U.S. federal court. The court’s decision clarified that the sale of XRP on exchanges and through algorithms does not fall under the category of investment contracts, leading to renewed interest from major exchanges. This development has prompted prominent … Read more Crypto exchanges are eagerly positioning themselves to list Ripple’s token, XRP, following a significant ruling by a U.S. federal court. The court’s decision clarified that the sale of XRP on exchanges and through algorithms does not fall under the category of investment contracts, leading to renewed interest from major exchanges. This development has prompted prominent platforms like Coinbase, Gemini, Kraken, and Bitstamp to announce plans for the relisting and trading of XRP. Crypto exchanges announce plans to relist the token After the court ruling, XRP experienced a notable surge in value, with its price rising nearly…

TL;DR Breakdown Legitimate NFT company has teamed up with PUMA and entertainment agency Roc Nation to launch a sneaker collection as it celebrates the 50th hip-hop anniversary. The PUMA x Roc Nation ‘Mixtape’ collection will be available from PUMA and other retailers.  Through Legitimate, buyers can scan the NFC chip using a smartphone to receive an NFT. The NFT grants access to a digital portal featuring weekly mixtapes, behind-the-scenes artist content, and unreleased recordings from Roc Nation artists. Description Legitimate, a non-fungible token (NFT) company, has teamed up with footwear titan PUMA and entertainment agency Roc Nation to launch a sneaker collection. The collection, entitled “Evolution of the Mixtape,” celebrates the 50th anniversary of hip-hop and grants buyers access to exclusive music content curated by Roc Nation. Step up your sneaker game with the … Read more Legitimate, a non-fungible token (NFT) company, has teamed up with footwear titan PUMA and entertainment agency Roc Nation to launch a sneaker collection. The collection, entitled “Evolution of the Mixtape,” celebrates the 50th anniversary of hip-hop and grants buyers access to exclusive music…

TL;DR Breakdown Ripple Labs recently won a court case, leading to a surge in the XRP token’s value. This victory marks significant progress towards regulatory clarity in the U.S. crypto industry. The sudden increase in XRP’s value has attracted scammers looking to exploit the hype. Description The recent legal victory of Ripple Labs, with the courts declaring its XRP token as not a security, has stirred up a surge of excitement among investors and cryptocurrency enthusiasts. However, with heightened interest comes a surge in potential scams, a matter that Ripple’s Chief Technology Officer, David Schwartz, has passionately highlighted to protect the … Read more The recent legal victory of Ripple Labs, with the courts declaring its XRP token as not a security, has stirred up a surge of excitement among investors and cryptocurrency enthusiasts. However, with heightened interest comes a surge in potential scams, a matter that Ripple’s Chief Technology Officer, David Schwartz, has passionately highlighted to protect the public. The journey to regulatory clarity This recent boom in XRP interest results from a court ruling in favor of Ripple…

TL;DR Breakdown Upbit has released a Korean-language version of the EU’s MiCA legislation, indicating their awareness of European regulations. South Korea traditionally looked to the US for crypto regulatory guidance, but may now turn to Brussels due to the uncertain crypto policy in Washington. Upbit’s move suggests that Korean exchanges prepare for potential regulatory alignment with MiCA in Seoul. Description South Korea’s largest cryptocurrency exchange, Upbit, has recently made a significant move by releasing a comprehensive Korean-language version of the European Union’s Markets in Crypto-Assets (MiCA) legislation. This development suggests that Korean exchanges are keeping a close eye on the regulatory landscape in Europe and preparing for the potential adoption of rules based on MiCA … Read more South Korea’s largest cryptocurrency exchange, Upbit, has recently made a significant move by releasing a comprehensive Korean-language version of the European Union’s Markets in Crypto-Assets (MiCA) legislation. This development suggests that Korean exchanges are keeping a close eye on the regulatory landscape in Europe and preparing for the potential adoption of rules based on MiCA in Seoul. Traditionally, South Korea has looked…

TL;DR Breakdown SBF wants his “close friends” to be able to visit him at his parents’ home without having to go through the court-ordered security measures currently in place. The security measures outlined in Bankman-Fried’s bail conditions require a security guard to be present at the house to screen visitors for electronic devices, as well as having visitors sign an electronic visitor log.  As part of his current bail conditions set by Judge Kaplan, Bankman-Fried is allowed limited use of a laptop that can only access court-approved sites, including selected news sites and YouTube.  Description Sam Bankman-Fried, the former CEO of FTX, has recently requested a modification to his bail conditions in a letter to New York District Court Judge Lewis Kaplan. The letter states that SBF wants his “close friends” to be able to visit him at his parents’ home without having to go through the court-ordered security measures … Read more Sam Bankman-Fried, the former CEO of FTX, has recently requested a modification to his bail conditions in a letter to New York District Court Judge Lewis Kaplan….

TL;DR Breakdown Ripple Labs’ recent victory against the United States SEC is being hailed as a significant blow to the regulator’s “war on crypto.” However, legal experts caution that it is not a definitive victory for the industry as a whole. Stephen Palley, a partner at the law firm Brown Rudnick, pointed out that the summary judgment is only “partial” and that Judge Torres’ ruling does not establish a precedent.  In addition, Ripple will still need to address the SEC’s claim that Ripple CEO Brad Garlinghouse and co-founder Chris Larsen “aided and abetted” the institutional sale of XRP. U.S.  Description Ripple Labs’ recent victory against the United States Securities and Exchange Commission (SEC) is being hailed as a significant blow to the regulator’s “war on crypto.” However, legal experts caution that it is not a definitive victory for the industry as a whole. In a landmark ruling on July 13, Judge Torres determined that XRP, … Read more Ripple Labs’ recent victory against the United States Securities and Exchange Commission (SEC) is being hailed as a significant blow to the…