1. U.S. SEC's Legal Motion to Dismiss Ripple Lawsuit
- The U.S. Securities and Exchange Commission (SEC) has filed a new legal motion to dismiss its lawsuit against Ripple's CEO Brad Garlinghouse and co-founder Christian Larsen. The SEC and Ripple plan to discuss appropriate remedies for the Crypto firm's violations related to institutional sales of XRP.
2. Decline in Number of Bitcoin Atms Worldwide
- The number of Bitcoin ATMs worldwide has dropped by more than 5,000 since the beginning of the year. This decline is attributed to regulatory crackdowns due to concerns about potential criminal use, with many of the removed ATMs in the U.S. and the U.K.
3. Binance's Partnership for Handling Euro (EUR) Payments
- Binance, the largest crypto exchange, has partnered with new service providers to handle euro (EUR) payments, deposits, and withdrawals, following regulatory challenges that led to the withdrawal of its previous banking partner.
4. Bitcoin's Brief Surge Above $30,000
- Bitcoin briefly surpassed $30,000 for the first time in two months, with a 10% weekly gain, although it remains well below its all-time high.
5. U.S. Treasury's Proposal Regarding Crypto Mixers
- The U.S. Department of the Treasury has proposed a rulemaking to label international crypto mixers as money-laundering hubs, aiming to combat their use by illicit actors, including terrorist groups. This proposal is open for public comment for 90 days.
6. Tether's Real-Time Reserves Publication
- Tether, the issuer of USDT stablecoin, will publish data on the reserves backing its stablecoin in real-time as of 2024. This decision comes after Tether faced regulatory scrutiny in the past.
