Crypto News 08/05-08/09
Hey crypto fans! 🚀 We’ve rounded up the hottest news from the past week, covering everything from Binance’s latest listing to major regulatory shifts and exciting new projects. Dive in to catch up on all the essential updates shaping the crypto world!
Binance Announces TON Listing
Binance has officially announced the listing of the cryptocurrency TON on its exchange. This move is set to bring increased liquidity and trading opportunities for TON, attracting more interest from investors. Read more.Court Reduces Ripple Fine, XRP Surges
In a major legal development, a court has reduced Ripple's fine from $2 billion to $125 million. Following this decision, XRP saw a significant 20% surge in value as Ripple celebrates what it views as a decisive victory over the SEC. Read moreDonald Trump's Sons Announce DeFi Project
Donald Trump’s sons have unveiled a new project in the decentralized finance (DeFi) space. This initiative aims to bring innovative financial solutions and leverage the growing DeFi sector. Read more.FTX and CFTC Settle for $12.7 Billion
A U.S. court has mandated that the bankrupt cryptocurrency exchange FTX pay $12.7 billion in relief to its customers, according to a Thursday announcement by the Commodity Futures Trading Commission (CFTC). CFTC Chairman Rostin Behnam stated that FTX enticed customers with the false promise of a secure platform for accessing crypto markets, only to misuse their deposits for its own high-risk investments. Read MoreCrypto Industry Launches Kamala Harris Support Campaign
A new campaign has been launched within the crypto industry to support Kamala Harris. This initiative seeks to align political advocacy with the interests of the cryptocurrency community. Read more.Ethena Labs Integrates Solana for USDe
Ethena Labs, the team behind the yield-generating stablecoin USDE, announced its expansion to the Solana blockchain. This development integrates USDE with Solana’s distributed ledger, incorporating SOL into the stablecoin’s reserve backing. Read more.Brazilian Regulator Approves Solana ETF
Brazilian regulators have given the green light for a Solana-based exchange-traded fund (ETF). This approval marks a significant step in integrating Solana into traditional financial markets. Read more.Russia Legalizes Crypto Mining and Trading
Russian President Vladimir Putin has officially endorsed the legalization of cryptocurrency mining and trading of foreign digital financial assets on Russian blockchain platforms. However, the Bank of Russia retains the authority to ban specific assets if they pose a risk to the country's financial stability. Read more.
