What happened last night... Cryptocurrency morning news for June 17th

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Graphics = Reporter Park Hye-soo
Graphics = Reporter Park Hye-soo
1. SEC lowers fine for Ripple… “Pay $102.6 million”
The U.S. Securities and Exchange Commission (SEC) lowered the amount of fines requested from Ripple from $2 billion (about KRW 2.768 trillion) to $102.6 million (about KRW 142 billion). According to the official document submitted by the SEC to the U.S. court on the 15th, Ripple pointed out errors in the SEC's claim in the past demanding payment of $2 billion in fines and pointed to Terraform Labs' recent fine settlement case, in which Terraform Labs was fined $10 million. It was revealed that it was proposed to pay a fine of less than. The SEC explained that it proposes a fine of approximately $102.6 million for Ripple, considering the profits the company took from violating securities laws.

2. Ripple “Concludes CBDC cooperation with 10 countries”
Ripple has signed Ripple Ledger (XLRP)-based CBDC contracts with 10 countries. Brad Garlinghouse, CEO of Ripple, signed a CBDC cooperation with 10 countries in an official statement on the 16th. Although the specific details of the partnership have not yet been disclosed, 10 countries will utilize Ripple's blockchain technology to build more efficient global financial institution transactions. He said it would be.

3. Ethereum, which left the exchange, records an all-time high
Ethereum (ETH) leaving the exchange and being transferred to an external wallet reached an all-time high. Santiment, an on-chain analysis platform, reported in a report published on the 15th that the value of Ethereum deposited on the exchange hit $8.41 million, the lowest ever. Meanwhile, Santiment's report revealed that the Ethereum holdings of the top 100 wallets that hold a large amount of Ethereum on the exchange recorded $68.39 million.

4. Tether co-founder: “Altcoin spot ETFs will appear soon.”
In an interview with DeCrypto, a cryptocurrency media outlet, on the 16th, Tether co-founder William Quagley claimed that various altcoin spot exchange-traded funds (ETFs), including Solana (SOL) and ADA (ADA), will appear in the market. did. He mentioned Bitcoin and Ethereum spot ETFs that have recently been launched or are about to be launched in the market, and explained that various altcoin spot ETFs will be launched depending on the greed of Wall Street financial institutions.

Reporter Seungwon Kwon ksw@

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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