🪙 Crypto News (June 14, 2024):

1️⃣ Ripple: #Ripple Labs has launched the Ripple USD (RLUSD) stablecoin, backed by the US dollar. The asset is expected to hit the market later in 2024. Details about the new stablecoin are scarce. The company assured that the asset will offer a high level of transparency and reliability. It will be issued on the XRP Ledger and Ethereum. 💼

2️⃣ The Block: Since the beginning of the year, crypto industry participants have received approximately $4 billion in various tokens through airdrops. 🎁

3️⃣ CourtListener: Terraform Labs has agreed to pay a $4.47 billion fine to settle a case with the US Securities and Exchange Commission (SEC). This amount includes $3.6 billion in compensation, a $420 million civil penalty, and nearly $467 million in pre-judgment interest. ⚖️

4️⃣ Olli Tiainen: Equilibrium Group has announced the creation of its first specialized venture fund, Equilibrium Ventures (EQV). According to a press release, #Equilibrium Ventures has gained support from over 70 developers and engineers who have worked on the foundational infrastructure for blockchains like Starknet, Solana, and Celestia. 🌐

5️⃣ Chris Amani: Chris Amani, CEO of #Terraform Labs (TFL), announced that the company is completely shutting down its operations. 🛑

👍 If you haven't subscribed yet, make sure to do so, leave a like, or share your thoughts in the comments!