Market
Legal
Even if the SEC appealed, Ripple could win again, says pro-XRP lawyer John Deaton
Deaton believes that the decision on an appeal by the SEC will take at least two years and the judge could rule the "exact same way."
Legal
SEC says part of the Ripple ruling was ‘wrongly decided,’ hints at filing appeal
The SEC believes the Ripple ruling on retail sales "conflicts" with the Howey Test and is contrary to the principles of securities laws.
Bankruptcy
Celsius reaches settlement that will enable users to receive assets by year-end
Celsius' settlements, which require court approval, resolve 30,000 customer claims seeking $78 billion in compensation.
Legal
The SEC has put ‘power and politics’ over ‘sound policy,’ says Ripple CEO
Ripple CEO Brad Garlinghouse believes the SEC has been bullying small crypto players and sowing confusion in the market.
Legal
Ripple ruling is likely to be appealed and overturned, ex-SEC official says
Former SEC executive John Reed Stark says that the Ripple ruling is troublesome on multiple fronts and assumes retail investors are 'stupid.'
Investments
Ark Invest cashes in $53M as Coinbase shares reach 12-month high
This week, Ark Invest funds sold more than double the amount of Coinbase shares they bought in June when the SEC sued the exchange.
Mining
Bitcoin halving may push miners’ net profit into negative territory
Mining analysts said the next Bitcoin halving is expected to double the cost of mining one BTC to $40,000, driving a lot of miners out of the market.
Legal
The SEC’s arguments against Coinbase are ‘not particularly strong,’ law expert says
MetaLawMan believes that Coinbase is likely to win the Major Doctrine Questions argument, either at district court or during appeal.
CBDCs
BIS unveils 7-step security framework for blockchain-based CBDCs
BIS' new Polaris framework will help central banks design and implement system to keep CBDCs, specially those using blockchain, secure.
Stablecoins
Circle, Tether freeze over half of the $126M assets stolen from Multichain breach
Multichain is down for over 30 hours after the hack while $67.5 million of stolen assets have been frozen and $1.85 million tokens burned.
Legal
Court decision on Grayscale v. SEC lawsuit could prove crucial for spot Bitcoin ETF applicants
Grayscale expects that the ruling on its lawsuit challenging the SEC's rejection of spot Bitcoin ETF application to come in by fall this year.
Bankruptcy
Winklevoss gives DCG two days to accept Gemini’s ‘best and final offer’
Winklevoss' final offer, which he calls "fair and reasonable for everyone," demands payment of $1.465 billion from DCG over 5 years.