🔔 XRP Jumps 7% Amid Ripple-SEC Settlement Speculation and $600M Token Unlock !
XRP has jumped 7% to over 64 cents, driven by optimism over a potential settlement in Ripple's SEC lawsuit and a major scheduled token unlock. The SEC's recent move to amend its complaint against Binance, possibly impacting various tokens, has further fueled market interest. XRP's trading volume is notably high in South Korea.
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www.coindesk.com/markets/2024/07/31/xrp-surges-7-amid-ripple-sec-settlement-hopes-600m-token-unlock/
🔔 The Bahamas Takes a New Crypto Law Step 1.5 Years After FTX Collapse !
The Bahamas has passed the Digital Assets and Registered Exchanges Act, 2024 (DARE 2024), enhancing regulations for digital assets and cryptocurrency markets. This law builds on the 2020 DARE Act, introducing stricter investor protections, disclosure requirements, and a stablecoin framework while prohibiting algorithmic stablecoins. It aims to address challenges and restore confidence in the Bahamas' financial sector following the FTX collapse in 2022.
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www.scb.gov.bs/wp-content/uploads/2024/07/Media-Release-The-Bahamas-Introduces-Transformative-Digital-Asset-Legislation-The-DARE-Act-2024.pdf
🔔 US Spot Bitcoin ETFs See $299,000 in Net Inflows, Ethereum ETFs Experience $77 Million in Outflows !
On Wednesday, U.S. spot Bitcoin ETFs saw modest net inflows of $299,000, driven by BlackRock IBIT's $20.99 million and Grayscale Bitcoin Mini Trust’s $18 million inflows. Conversely, spot Ethereum ETFs faced significant net outflows of $77.21 million, with Grayscale Ethereum Trust (ETHE) leading with $133.33 million in outflows. Total trading volume for spot Bitcoin ETFs remained at $1.37 billion.
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sosovalue.com/assets/etf/us-btc-spot
The US. Government just moved $2B of Bitcoin to a new address
platform.arkhamintelligence.com/explorer/address/bc1qjet9suh6lpyu8uwcseywkr9zcn55lawp83wzde
Circle became the first global stablecoin issuer to secure an Electronic Money Institution (EMI) license, a prerequisite to offering dollar- and euro-pegged crypto tokens in the European Union (EU) under the Markets in Crypto Assets (MiCA) regulatory framework.
The United States Securities and Exchange Commission (SEC) has filed a lawsuit against Silvergate Capital Corporation, the parent company behind a crypto-friendly bank that allegedly helped facilitate fraud at defunct exchange FTX.
The SEC said Silvergate had agreed to pay a $50 million civil penalty “without admitting or denying the allegations”.
cointelegraph.com/news/sec-silvergate-bank-ftx-lawsuit-securities-fraud
A GameStop investor who sued Keith ‘Roaring Kitty’ Gill over alleged securities fraud has dropped his lawsuit just three days after filing it.
cointelegraph.com/news/roaring-kitty-fraud-lawsuit-gamestop-investor-dropped-three-days
🔔 Breaking: VanEck Files for First Solana Exchange-Traded Fund (ETF) in the US !
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x.com/vaneck_us/status/1806313337866645783