Legal
Over 70k XRP holders join class action lawsuit against SEC
Deaton believes SEC’s decision to file a lawsuit against Ripple and its executives for violation of securities law has affected the value of XRP.
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Exchanges
Coinbase denies listing securities, says SEC should provide regulatory framework
The SEC has been accused of using enforcement actions to bring all digital assets into its jurisdiction.
Regulation
US Congressman questions SEC’s lack of action against ‘big fish’ exchanges if Ripple is a security
Sherman said the SEC should bring enforcement actions against major exchanges that facilitated Ripple (XRP) trading.
Legal
Solana sued for being ‘centralized,’ ‘security’
The network’s developer, founder, and partners are accused of profiting from the sale of an unregistered security.
People
Ripple co-founder Jed McCaleb to finish selling XRP holdings by July 16
It took Jed McCaleb eight years, one month, and 25 days to finish selling all of his 9 billion XRP holdings.
Analysis
Memes in red as Dogecoin and Shiba Inu shed over 80% of their ATH
The crypto market has lost over $700 million as values of digital assets plummet.
Culture
CoinMarketCap describes Ripple’s XRP as an “impostor” cryptocurrency
Ripple’s community stated that CoinMarketCap’s tweet revealed its bias against XRP.
Investments
Regulatory concerns taking a toll: Bitcoin, Ethereum investment funds record $120 million in outflows
Last week’s major outflows derived from North America–highlighting regulatory concerns as a likely cause of negative investor sentiment.
Investments
Ethereum investment funds record largest inflows in 13 weeks
Crypto investment products saw inflows totalling $127 million during the week that ended March 4, despite geopolitical turmoil and the anticipated negative sentiment.
Investments
European crypto investment products recorded outflows totalling $59 million last week
While the European investment products saw outflows last week, the Americas, notably Canada and Brazil, recorded inflows.
People
Ethereum co-founder Vitalik Buterin condemns Putin for Ukraine invasion
The co-founder of the Ethereum blockchain publicly condemned Vladimir Putin on Twitter minutes after the Russian President ordered a “special military operation” in Ukraine.
Investments
Institutional investors purchased $25 million worth of Avalanche (AVAX) last week
Crypto investment products recorded another week of inflows totalling $109 million.
