🗣IntoTheBlock: Retail Investor Interest in Bitcoin Returns

IntoTheBlock reports a rise in new active Bitcoin addresses, signaling renewed interest from retail investors. This suggests market stabilization and potential growth. With key support at $54,000, Bitcoin is expected to trade between $56,000 and $70,000, while volatility continues to decrease.

Try and call your woman today😜😅

🗣U.S. Legal Experts Criticize Trump's Bitcoin Reserve Plan

Legal experts in the U.S. have criticized Donald Trump’s proposal to create a national Bitcoin reserve from seized crypto assets. Former federal prosecutor Amanda Wick voiced concerns about prioritizing Bitcoin accumulation over compensating victims of cybercrime.

Elizabeth Boison, also a former prosecutor, argued that the plan contradicts asset forfeiture laws, which require seized assets to be sold and proceeds used for victim compensation or law enforcement support. Critics suggest Trump's stance on Bitcoin may be a tactic to attract votes from those dissatisfied with the current administration.

🗣Binance Lists TON for Spot Trading

Binance, the world’s largest crypto exchange, announced the listing of The Open Network (TON) for spot trading. Following the news, TON’s price surged over 6%, surpassing $6.

Trading pairs TON/BTC, TON/USDT, and TON/FDUSD will be available starting August 8, with withdrawals opening on August 9. TON, now ranked 8th by market cap at over $16 billion, has been tagged as a “Seed” asset, indicating higher volatility due to its early development stage.

🗣Brazilian Police Shut Down Drug Cartel-Run Crypto Exchange

Police in São Paulo have uncovered a money-laundering scheme involving a fake cryptocurrency exchange operated by the First Capital Command drug cartel.

In a recent raid, authorities seized assets worth about $8.9 million. The exchange allegedly handled over $89 million in crypto transactions. The operation followed the issuance of 20 arrest warrants and 60 search warrants across the state. Courts have frozen cartel assets totaling $1.4 billion.

🗣XRP vs SEC — The Final

The SEC sought to classify $XRP as a security and impose a $2 billion fine on Ripple. However, the court sided with the company, ruling that the token sales on exchanges were legal. The fine was reduced by 94%, amounting to $125 million, applicable only to institutional sales.

The court declared that XRP is not a security. The case against Ripple has been closed in favor of the company, leading to a 30% surge in the token's value.

🗣SEC Fines Ripple $125M for XRP Sales to Institutional Investors

The SEC has fined Ripple $125 million for selling XRP to institutional investors. However, trading the coin on the secondary market has been deemed legal.

XRP is responding with a price surge. Ready for liftoff? 🚀

Weekend Mood 😎

🗣 Ethena launched USDe stablecoin on the Solana network

SOL has also been added as a reserve asset for the "synthetic dollar".

Recall that USDe is a stablecoin that is positioned as a synthetic dollar. Its stability and profitability are achieved by opening a delta-neutral position. The project generates income through funding + staking.

🗣KuCoin Partners with Web3 Group EVG

KuCoin has announced a strategic partnership with Everest Ventures Group (EVG) to promote mass adoption of Web3. The collaboration aims to accelerate community growth and enhance cryptocurrency accessibility. Key initiatives include launching the KuCoin X EVG Ecosystem GemPool Series and expanding the Web3 ecosystem for greater accessibility.