💰 Ripple faces new trial over alleged misleading 2017 statements by CEO Brad Garlinghouse
Ripple is set for new legal battles after a US judge in California approved a lawsuit against the crypto company regarding alleged misleading statements by its CEO, Brad Garlinghouse. Ripple tried to dismiss the “misleading statement” claim by arguing that XRP was not a security. However, Judge Phyllis Hamilton noted that while XRP may not be classified as a security, it could still be considered one when sold to non-institutional investors.
💰 Bitcoin’s realized market cap hits $600 billion
Bitcoin’s realized capitalization has shown a marked increase alongside the asset’s price in 2024. As depicted in the charts, realized cap reflects the aggregate value of all BTC at the price they were last moved, diverging from traditional market capitalization metrics. This metric reached approximately $600 billion in June 2024, coinciding with Bitcoin’s price stabilizing near $63,000.
📌INSIDER UPDATE ⚡ NEW: Gemini crypto exchange founders donate 30.94 #Bitcoin 💰 worth $2 million to Donald Trump🇺🇸 to "put an end to the Biden Administration's war on crypto."➖➖➖➖➖📢Standard Chartered is launching spot crypto trading desk for Bitcoin and Ether.
🪙 Asset management giant Fidelity discloses $4.7 million seed investment in Ethereum ETF: SEC filing
Asset management behemoth Fidelity disclosed a $4.7 million seed investment in its latest amended filing for its spot Ethereum exchange-traded fund. FMR Capital, Inc., an affiliate of Fidelity, bought one share for $40 in late May. Later, on June 4, FMR bought 125,000 shares at a share price of close to $38, Fidelity said in its amended registration form filed on Friday. A mention of fees was absent in Fidelity's form, echoing previous statements released by other spot Ether ETF issuers.
🔥 BREAKING NEWS : Updated S-1 spot $ETH 🔵 ETF forms filed by :
- Bitwise
- Fidelity
- VanEck
- Franklin Templeton
- 21Shares
- Grayscale
- and BlackRock.
