Deutsche Telekom MMS partners with Subsquid to enhance its decentralized data lake by running nodes, boosting blockchain data accessibility and security. This collaboration underscores Deutsche Telekom’s commitment to blockchain, alongside its roles with Polygon, Ethereum, and Polkadot. #Update
Renowned XRP whale shifts 63M coins ($30.63M) amid Ripple (@Ripple) vs SEC legal battle. Ripple files Notice of Supplemental Authority, referencing SEC vs Binance, yet XRP dips 0.40% to $0.4824. Market remains volatile as Judge Analisa Torres’ ruling is pending. #CryptoNews
Ripple and Coinbase are challenging the SEC, leveraging Binance’s recent court win. Ripple highlights a judge’s ruling that XRP sales aren’t securities, questioning the 1946 Howey Test’s relevance. Coinbase calls for clearer rules, citing inefficiencies in SEC practices. This push could reshape crypto regulations. #CryptoNews
U.S. Judge Reed O’Connor approved an expedited schedule for @Consensys’ lawsuit against the SEC over MetaMask’s regulation. The SEC must respond by July 29, with briefs due by Nov 1. Ruling expected by Dec. #CryptoRegulation #Update
Circle, a crypto payment firm, has released an ad urging U.S. regulators to establish stablecoin regulations. This follows the 2022 Terra collapse and FTX fall. Circle stresses that clear policies can enhance innovation and protect users, helping maintain the U.S. dollar’s global status. #CryptoNews
SEC is set to approve the first U.S. Ethereum ETFs by mid-July, following successful Bitcoin ETF launches. Major firms like BlackRock and Fidelity are ready to introduce their Ethereum ETFs, with YieldMax aiming for an innovative Ether Option Income Strategy ETF. $ETH price up 50% this year.
.@novogratz on @CNBC: Positive US crypto regulations expected regardless of election outcome. Advocates bipartisan support for innovation. Highlights Bitcoin ($BTC) as a key portfolio asset amid rising US debt. $BTC up 44% YTD, trading at ~$61,862. #Update
Tether partners with Turkish crypto firm BTguru to advance digital assets and blockchain in Turkey. The MoU focuses on education, business opportunities, and integrating digital assets into banking. Key initiatives include tokenizing real-world assets and exploring regional payment networks. #CryptoNews #Turkey
A U.S. Court has approved Consensys’ request for an expedited hearing against the SEC. The case, centered on whether the SEC can regulate MetaMask as a securities broker, could set a precedent in crypto regulation. Initial discovery is due by Aug. 16. #CryptoNews
Tether partners with BTguru to explore tokenization for Turkish banks amidst new crypto regulations. Turkey exits FATF’s “grey list” for money laundering. Potential $2 trillion market cap by 2030. #Crypto
Bing Wang of BasedVC highlights the $8B RWA tokenization market’s challenges, emphasizing the need for clear regulations to drive innovation and protect investors. The sector could hit $24T by 2027, but faces SEC hurdles. #CryptoNews #Update
The @SECGov has sued Silvergate Capital, alleging it misled investors about compliance with anti-money laundering laws and detecting $9B in suspicious transfers linked to FTX. Silvergate agreed to a $50M penalty. #CryptoCompliance
Singapore’s DBS Group will offer custodial services for Paxos as the stablecoin issuer secures full approval from the Monetary Authority of Singapore. This partnership expands DBS’s digital asset ecosystem, emphasizing trust and security in stablecoin adoption. #CryptoNews
SEC sues Silvergate Bank for alleged securities fraud, non-compliance with anti-money laundering rules, and failure to disclose critical deficiencies. Silvergate agrees to $63M settlement; former CEO Alan Lane and ex-COO Kathleen Fraher face fines and bans. #CryptoRegulation
