What Ripple’s Partial XRP Win Means for Other Crypto Firms Fighting SEC
Coinbase and Binance have a new precedent to cite in court – if the decision survives potential appeal. That’s no sure thing, lawyers said.
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Ripple’s XRP Ruling a ‘Milestone Win’ for Crypto Industry, Says J.P. Morgan
A summary judgment partially in favor of payments network Ripple represents a milestone win for the crypto industry and provides legal clarity as to what does and doesn’t represent a security, J.P. Morgan wrote in a research note Friday.
XRP Trading Volume Surges 1,351% as Major Crypto Exchanges Embrace the Token
The spike in trading activity came after a partial win in a lawsuit against the SEC.
Crypto Distress Prompts Fir Tree, a Hedge Fund, to Seek Profit From Turmoil
“Fir Tree is at its best when we identify opportunities that are mispriced, dislocated or complex. Rarely do we encounter situations that are all three, but that is precisely what we are seeing in digital assets right now,” Fir Tree said.
Hollywood’s Angry Creators Show Why Web3 Is Needed
Web2 economics don’t work for artists and writers, says CoinDesk's Michael Casey.
Binance Has Cut 1,000 Workers in Recent Weeks: WSJ
Binance has laid off over 1,000 workers globally in recent weeks, the Wall Street Journal reported.
Google Plays Nice With NFTs, Starbucks Puts Ex-MLB Star’s NFT Project on Deck
This week, Google made a big shift in their policy towards NFTs, allowing apps in the Google Play store to include the ability to buy, sell or earn tokenized assets. Meanwhile, Starbucks Odyssey, the brand’s Web3 loyalty program, announced their…
Co:Create Releases Web3 Loyalty App on Shopify
The app allows over 4 million Shopify businesses to implement blockchain-based loyalty and rewards programs from their storefront.
Mutiny’s New Browser-Based Bitcoin Wallet on Lightning Avoids App Store Restrictions
The company says it’s the “first self-custodial lightning wallet that runs on the web” – a design feature that may avoid any restrictions that might be placed on the technology from app stores run by the likes of Apple or Google.
XRP Gets Binance.US Listing as Exchange Joins Rivals’ Embrace
Trading XRP on Binance.US began Friday.
BlackRock CEO Larry Fink Talks Up Crypto Demand From Gold Investors
The CEO of $8.5 trillion asset manager BlackRock (BLK) said "more and more" gold investors have been asking about the role of crypto over the last five years.
Transparency for the Whales, Privacy for the Plebs
Identifying the owners of crypto wallets may level the playing field for retail traders. But if taken too far it could be weaponized against the weak.
Ripple’s XRP Summary Judgment Positive for Coinbase, Price Target Raised to $120: Needham
The court’s decision should moderately de-risk the regulatory pressure on the crypto exchange’s stock, which is a significant overhang on the share price, the broker’s report said.
Hip-Hop Collab Teams PUMA, Roc Nation and Legitimate for Sneaker Release
The three models of sneakers celebrate the 50th anniversary of hip-hop and each one has an NFC chip owners can scan to access exclusive music content.
First Mover Americas: XRP Gains 66% on Ripple’s Partial Court Victory
The latest price moves in bitcoin (BTC) and crypto markets in context for July 14, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
How the Celsius Affair Plays Into the U.S. Crypto Regulatory Debate
The arrest of the crypto lender’s co-founder and ex-CEO Alex Mashinsky comes as lawmakers and regulators squabble over new rules for the sector.
FTX, Celsius Bankruptcy Claims Can Now Be Sold on OPNX
Users who held assets on bankrupt crypto firms FTX and Celsius Network can now trade their claims on the Open Exchange (OPNX).
Auction House of Gucci: Christie’s Teams Up With Luxury Brand on NFT Collection
The “Future Frequencies: Explorations in Generative Art and Fashion” collection derives inspiration from Gucci designs and features works from artists including Claire Silver and Emily Xie.
Stablecoin TrueUSD Owner Techteryx to Take Full Control of Operation
Techteryx assumed "full management full management of all offshore operations and services related to TUSD," on July 13.
Bitcoin's Crypto Market Dominance Slides by Most in 13 Months as XRP Court Ruling Spurs 'Alt Season' Talk
Bitcoin's share of the crypto market tanked on Thursday while altcoins rallied after a U.S. court threw a spanner in the SEC's plans to regulate digital assets.
Crypto Bridging Protocol Multichain Ceases Operations After CEO, Sister Detained in China
Multichain said it has been forced to take the action "due to lack of alternative sources of information and corresponding operational funds."
XRP Trading Volumes Hit $2.5B on South Korean Exchange UpBit
The trading volume of XRP against the Korean won was the highest among all other counterparts .
Coinbase Rally on the Back of XRP Court Ruling Is Overdone: Berenberg
The surge in the crypto exchange’s share price was driven largely by investors who saw the decision as a representing a rejection of the SEC’s argument in the lawsuit it filed against Coinbase in June, the report said.
XRP Ruling a ‘Landmark’ Judgment, Weakens SEC's Stance Against Crypto: Bernstein
The court’s decision weakens the SEC’s stance that the securities law is clear and no separate clarity is required for digital assets, the report said.
Congressman Torres Calls for Investigation Into SEC Over its Approach to Crypto
Congressman Ritchie Torres has asked for two separate independent investigations of the U.S. Securities Exchange Commission (SEC) for its "haphazard and heavy-handed approach to digital assets."
XRP Overtakes BNB to Become 4th Largest Cryptocurrency; Funding Rates Surge
XRP's knocked out BNB as the 4th largest crypto by market cap, after its value surged more than 60% after a partial victory against the SEC.
Alex Mashinsky's Bail Set at $40M, Travel Restricted
The founder of the bankrupt crypto lender has pleaded not guilty to charges including fraud and manipulation of the CEL token.
XRP Short Traders Log Highest Losses in 2023 After Landmark Court Ruling
XRP token market capitalization has jumped to over $40 billion, its largest level since April 2022.