U.S. Treasury Sec. Janet Yellen warns that sanctions may weaken the dollar’s global dominance. Countries like BRICS are seeking alternatives. Crypto expert Gabor Gurbacs suggests deregulating financial policies might help, while some lawmakers favor embracing crypto to bolster the dollar. #Finance #Crypto
Ripple celebrates the anniversary of Judge Torres’ ruling that $XRP is not a security, marking a pivotal moment for crypto regulation. Ripple’s legal battles with the SEC continue, sparking a 12.4% surge in $XRP’s price. #CryptoNews
The European Union’s Markets in Crypto-Assets Regulation (MiCA) aims to standardize crypto regulations, balancing innovation and investor protection. However, it restricts non-Euro stablecoins and lacks support for interoperability, potentially limiting liquidity and growth. #CryptoRegulation
Binance CEO Richard Teng marks the platform’s 7th anniversary with milestones: 210M users, $100B in user assets, and 541 digital assets. Binance Pay and Earn services reach 24M and 8M users, respectively. #Crypto #BinanceAnniversary
Sen. Cynthia Lummis (@SenLummis) praises Bitcoin, criticizes CBDCs as surveillance tools, and advocates for individual Bitcoin wallets. Despite past critiques, Trump now holds cryptocurrency and opposes CBDCs. Proponents argue CBDCs can enhance transaction speed and security. #CryptoNews
SCOTUS limits SEC’s power in a landmark ruling, benefiting crypto platforms like $XRP and $TON. Galaxy Fox (@GalaxyFoxCrypto) raises $6M in presale, set to thrive as a $1 meme coin in 2024. #CryptoNews
TRON’s (@justinsuntron) Q3 and Q4 2024 plans focus on enhancing user experience, expanding market share, and boosting their talent pool. $TRX saw price gains, reflecting investor confidence. With a market cap of $12.1B and a price of $0.14, TRON’s strong performance underscores its blockchain influence. #CryptoNews
SEC grants exceptions to big banks & brokerages from SAB 121 rules on crypto assets. These entities can exclude customers’ crypto holdings from balance sheets, provided they manage risks. This move favors larger financial firms, sparking industry backlash. #CryptoRegulation
Ripple vs. SEC lawsuit nears conclusion. With key legal wins, Ripple’s $XRP sees a 17% price surge, reclaiming $0.50. Judge Torres’ pending judgment could set a precedent for U.S. crypto regulation. Total XRP futures open interest rises by 19% to $1.18B. #CryptoNews
The renomination of anti-crypto SEC Commissioner Caroline Crenshaw may be delayed until post-2024 Elections due to Senate scheduling. Crenshaw, known for opposing Bitcoin ETFs, could impact SEC’s stance on crypto. Senate changes could shift SEC power balance. #Crypto #SEC
U.S. Bitcoin ETFs saw a $1.1B influx, hitting a record 888,607 BTC. BlackRock’s IBIT led with $523M, followed by Fidelity’s FBTC with $356M. Global Bitcoin ETF holdings reached 1,051,569 BTC. Despite German liquidations, Bitcoin’s price stabilized, showing strong institutional demand. #CryptoNews
Ripple CEO Brad Garlinghouse and CLO Stuart Alderoty mark the first anniversary of Judge Torres’ ruling declaring $XRP not a security. This decision curbed SEC overreach and boosted $XRP’s market cap by 6% and trading volume by 46%. #CryptoNews
Kraken’s Thomas Perfumo predicts spot Ethereum ETFs could attract up to $1B monthly, potentially driving $ETH to new highs. He cites factors like the upcoming US election, possible rate cuts, and cooling inflation as bullish catalysts. #Ethereum #CryptoNews
Trustee Plus eliminates fees for exchanging $USDT to $USDC and introduces USDC transfers on @solana. External USDC transfers now cost just 1 USDC, significantly lower than Ethereum’s $6.75 fee. CEO Vadim Grusha emphasizes affordability and accessibility. #CryptoNews
