tl;dr
• SEC Drops Appeal Against Ripple, XRP Surges 11% to $2.54: The SEC has dropped its appeal against Ripple, with CEO Brad Garlinghouse calling it a major victory, though Ripple's legal team warns the case is not fully resolved.• CoinMarketCap Warns of Fake CMC Tokens as Binance Fights Scams: CoinMark...
• SEC Drops Appeal Against Ripple, XRP Surges 11% to $2.54: The SEC has dropped its appeal against Ripple, with CEO Brad Garlinghouse calling it a major victory, though Ripple's legal team warns the case is not fully resolved.
• CoinMarketCap Warns of Fake CMC Tokens as Binance Fights Scams: CoinMarketCap alerts investors to fraudulent CMC tokens, emphasizing it has no official token, while Binance intervenes in a USDT-related scam.
• Raydium Launches Meme Coin Creation Platform Amid 31% Price Drop: Raydium’s LaunchLab aims to counter declining revenues, following Pump.fun’s AMM launch, amid rising meme coin platform competition.
• North Carolina and Minnesota Introduce Bitcoin-Friendly Legislation: North Carolina proposes allocating 10% of public funds into Bitcoin, while Minnesota’s Bitcoin Act allows state employees to invest in BTC and use it for tax payments.
• Notcoin’s Parent Company Launches Not Games on Telegram: Open Builders introduces Not Games, integrating multiple games with the NOT token on The Open Network, starting with VOID and five upcoming titles.
• Nvidia GTC Disappoints as AI Crypto Market and Stock Drop: Nvidia’s AI chip unveiling led to a 2.8% drop in AI crypto markets and a 3.4% decline in Nvidia stock due to investor concerns and emerging competition.
• Justin Sun Moves $1B USDT to HTX Exchange Amid Market Speculation: A $1 billion USDT transfer linked to Tron founder Justin Sun raises speculation about strategic moves involving the Asian exchange HTX.
• Mike Novogratz Slams Trump Memecoin (TRUMP) as a Negative Crypto Influence: The Trump memecoin, now down 85% from its peak, faces criticism from Novogratz and Vitalik Buterin over its potential for political manipulation.
• Shibarium Hits 10M Blocks as SHIB Adoption Surges to 1.5M Holders: Shiba Inu’s layer-2 blockchain milestone fuels price speculation, with SHIB gaining 5% and surpassing a $7.5B market cap.
• Coinbase’s Ethereum Sell-Off Raises Concerns About Price Impact: Analysts estimate Coinbase sold $37M in Ethereum in Q4 2024, impacting price action despite ETH's long-term demand from its Base L2 network.
• World Liberty Financial (WLFI) Raises $250M in Token Sale Amid Controversy: WLFI, linked to Trump as "Chief Crypto Advocate," reduced its public token allocation to 35% while holding 22.5B tokens for Trump-affiliated entities.
• Real Estate Tech Firm Arda Raises $3M for Blockchain-Powered Platform: Arda secures funding to streamline real estate transactions through AI and blockchain automation, led by founder Oli Harris and Lightshift.
• Stablecoin Adoption Accelerates in Latin America Amid Inflation Crisis: High inflation and remittance needs drive Latin America’s growing stablecoin use, despite concerns over past scandals affecting trust.
• Czech National Bank Divided Over Bitcoin as a Reserve Asset: While the CNB Governor supports adding Bitcoin to reserves, a board member warns of legal and price stability risks ahead of the October decision.
• Europol Warns AI-Driven Criminal Networks Will Expand Crypto Fraud: Europol predicts AI-controlled crime will escalate, with AI-powered cybercrime and deepfake scams posing increasing threats in crypto and traditional crime.
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