According to Blockworks, a federal judge ruled that Ripple's programmatic sales of XRP to retail customers through a trading platform did not violate federal securities laws, and that Ripple's 1,278 institutional sales transactions violated securities laws. The judge fined it $125 million, which is still far less than the $1 billion in disgorgement and prejudgment interest and $900 million in civil penalties requested by the SEC.
● Ripple CEO calls court ruling a victory for XRP, the industry and the rule of law
According to BlockBeats, on August 8, after a U.S. federal judge ruled that Ripple’s sales of XRP to retail customers did not violate federal securities laws, Ripple CEO Brad Garlinghouse posted on X, “The SEC demanded a $2 billion payment, and the court recognized that they had gone too far and reduced their request by about 94%. We respect the court’s ruling and will clearly continue to develop our company. This is a victory for XRP, the industry, and the rule of law. The SEC’s resistance to the entire XRP community has disappeared.”
● Grayscale launches new crypto investment trust for SUI and TAO
According to Odaily Planet Daily, Grayscale announced the launch of two new crypto investment products, Grayscale Bittensor Trust and Grayscale Sui Trust. The former invests in Bittensor's native token TAO, while the latter focuses only on investing in Sui Protocol's SUI token.
● Grayscale and Bitwise propose to allow Ethereum ETF and trust options trading
According to Wu, Grayscale and Bitwise, together with the New York Stock Exchange, submitted a rule change proposal to the U.S. Securities and Exchange Commission (SEC), proposing to allow trading of options on the Bitwise Ethereum ETF, Grayscale Ethereum Trust, and Grayscale Ethereum Mini Trust.
● Plus Token Ponzi 2 wallet transfer 789,533 ETH
According to Wu, Lookonchain monitors that a large number of wallets that have been dormant for 3.3 years are transferring 789,533 ETH (about $2 billion). The funds come from a wallet called "Plus Token Ponzi 2". The wallet dispersed 789,533 ETH to thousands of addresses in 2020 and has not moved since April 2021. About 3 hours ago, these wallets began to transfer ETH. It is reported that these ETH were seized by Chinese police when they cracked down on the PlusToken Ponzi scheme. At that time, a total of 194,775 BTC (US$11.2 billion), 833,083 ETH (US$2.11 billion), 487M XRP (US$252 million), 79,581 BCH (US$25.8 million), 1.4M LTC (US$82.3 million), 27.6M EOS (US$12.7 million), 74,167 DASH (US$1.7 million), 6 billion DOGE (US$609 million) and 213,724 USDT were seized.
● Donald Trump Jr.: About to shake up the crypto world with something huge
According to Foresight News, Donald Trump Jr., the eldest son of former US President Donald Trump, posted on X, "We are about to shake up the crypto world with something huge. Decentralized finance is the future, don't fall behind."
According to Jinshi Data, BBH analysts said in a report that the US dollar index DXY has recovered more than a third of its decline after the FOMC meeting as the Bank of Japan turned dovish and "is doing damage control." The US dollar against the Japanese yen USD/JPY rose 0.3% during the day from 142 to 147 from Monday's low. Earlier this week, the yen strengthened against the US dollar as the Federal Reserve seemed under pressure to cut interest rates quickly, while the Bank of Japan took the opposite direction. But now both central banks seem less anxious. The market expects the Federal Reserve to cut interest rates by 50 basis points in September, but BBH disagrees. BBH said that the US economy "is still growing at a rate above trend" and the market is getting carried away.
● Binance Labs announces investment in Solana ecosystem re-staking protocol Solayer
Binance Labs announced an investment in Solayer, a Solana ecosystem restaking market that aims to support the development of on-chain Dapps by increasing network bandwidth while ensuring the security of Layer 1. Solayer uses the economic principles of staking to expand the security of Solana's base layer. Through this innovative method, users can participate in a decentralized validator network, thereby contributing to the security and decentralization of the Solana ecosystem.
