Bitpush editor selects Web3 news for you every day:
[Judge fined Ripple $125 million in SEC lawsuit, reiterating that selling XRP to retail investors through exchanges did not violate securities laws]
According to a public document, the SEC's Motion and Final Judgment against Ripple was granted in part and denied in part. Judge Torres entered a final judgment prohibiting Ripple from further violating securities laws and imposing a civil penalty of $125,035,150 on it.
Wednesday's supplemental order was based on the judge's ruling in the case itself in July 2023, which found that Ripple violated federal securities laws by selling XRP directly to institutional customers, but the judge also ruled that Ripple's programmatic sales of XRP to retail investors through exchanges did not violate any securities laws. During the trial of the case, the SEC tried to appeal that part of the ruling, but was unsuccessful. The injunction document requires that Ripple must file a registration statement if it intends to sell any securities.
The SEC initially sought a $2 billion fine against Ripple.
[Ripple CEO: Respect the court's decision, the US SEC's resistance to the entire XRP community has disappeared]
A US judge announced a fine of $125 million against Ripple in the SEC lawsuit. Ripple CEO Brad Garlinghouse responded on the X platform, saying: "The SEC previously demanded $2 billion in compensation. The court believed that they had gone too far, so they reduced their request by about 94%. We respect the court's decision and are determined to continue to develop our company. This is a victory for Ripple, the industry, and the rule of law. The SEC's resistance to the entire XRP community has disappeared."
[ MicroStrategy co-founder Michael Saylor said he personally holds more than $1 billion in Bitcoin]
According to Bitcoin Magazine, MicroStrategy (MSTR.O) co-founder Michael Saylor said he personally holds more than $1 billion in Bitcoin.
[Wells Fargo may provide customers with Bitcoin ETF]
According to crypto KOL Andrew’s disclosure on the X platform, multiple sources said that after Morgan Stanley announced that it would provide Bitcoin ETFs to its clients, Wells Fargo may also provide Bitcoin ETFs to its clients.
Robinhood's second-quarter cryptocurrency revenue reached $81 million, up 161% year-on-year
Robinhood, a stock and cryptocurrency trading brokerage platform, released a financial report showing that the company's cryptocurrency revenue in the second quarter reached $81 million, a year-on-year increase of 161%, and the market expected $84.3 million. The cryptocurrency trading volume reached $21.5 billion, a year-on-year increase of 137%.
[Former CoinShares Chief Strategy Officer Meltem Demirors established venture capital firm Crucible Capital, intends to raise $75 million for two funds]
According to Fortune, angel investor and former CoinShares chief strategy officer Meltem Demirors is launching his own venture capital firm Crucible Capital, according to a form filed with the U.S. Securities and Exchange Commission on Tuesday (Demirors left CoinShares in January this year).
Delaware-based Crucible Capital is raising money for two separate funds with expected sizes of $30 million and $45 million, respectively, with Demirors listed as a managing member of the general partner. While the filings show the funds have not yet received outside capital, that doesn’t necessarily mean the funds haven’t received informal funding commitments or that Demirors has raised money through other corporate vehicles.
[The Trump family’s new DeFi project may be called “World Liberty”]
According to The Block Pro, Trump's second son Eric Trump mentioned the upcoming launch of a DeFi project on the X platform. The news seems to be related to Subify's Chase Hero and "World Liberty" trademark applications. According to Solid Intel, the new crypto project promoted by the Trump family may be called "World Liberty."
Previously, Trump's son Eric Trump expressed his strong interest in crypto/DeFi and would make a major announcement.
【Grayscale launches SUI and TAO ’s crypto investment trust】
According to The Block, crypto asset management company Grayscale has added Bittensor (TAO) and Sui Network (SUI) to its list of crypto investment products.
Grayscale launched Grayscale Bittensor Trust and Grayscale Sui Trust today. Grayscale Bittensor Trust invests in Bittensor’s native token TAO, while Grayscale Sui Trust focuses on Sui Protocol’s SUI token.
For more information, please join:
Twitter: https://twitter.com/BitpushNewsCN
BitPush TG Exchange Group: https://t.me/BitPushCommunity
Bitpush TG subscription: https://t.me/bitpush
Btok subscription: https://btok360.com/bitpush
