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A federal judge on Thursday ruled he sale of Ripple’s XRP tokens on exchanges and through algorithms did not constitute investment contracts.
The rapidly growing TUSD, favored by crypto exchange Binance, poses risk to the market, according to the crypto research firm.
The latest price moves in crypto markets in context for July 13, 2023.
Ondo’s OUSG token, one of the largest on-chain tokenized Treasury products, has accrued $134 million of assets under management on Ethereum.
The bank said it sees few positive drivers for the crypto exchange’s share price in the near term.
Data shows most SHIB market depth is under $1 million on various crypto exchanges, and a sell order of that value could move token prices by 2% immediately.
Crypto data firm CCData released the first institutional-grade scoring system that evaluates digital assets focusing on environmental, social and governance aspects.
Bitcoin has failed twice this week to scale the $31,000 mark, with open interest in stablecoin-margined futures rising on both occasions.
ALSO: Former CFTC Chair Timothy Massad told CoinDesk TV that regulatory agencies “don’t have to resolve” the stubbornly troublesome issue whether cryptos are commodities or securities.
Wednesday's CPI report showed sizable decelerations in both overall and core U.S. inflation, which one might've thought would drive BTC's price higher.
- 03:06Tether CEO: If Listed, Company Valuation Will Reach $515 Billion, Aiming to Become a Major Hedge Against InstabilityAccording to a report by Jinse Finance, Tether CEO Paolo Ardoino retweeted on the X platform, stating that if Tether were to go public, the company's market value would reach $515 billion, making it the 19th largest company globally, surpassing Costco and Coca-Cola. Although the numbers are impressive, considering the current Bitcoin and gold reserves (which are still increasing), it might be a bit pessimistic. However, Tether aims to remain humble and is very excited about the company's next phase of development. Tether's goal is to serve as a large-scale hedging tool against social instability, which is why the company's ERP (Equity Risk Premium) is negative. Paolo Ardoino added that Tether is not just a stablecoin, but the technology being created is a true game-changer in the medium to long term. For instance, future AI agents will no longer use bank accounts, emails, or centralized instant messaging, nor rely on cloud providers, but will use Bitcoin and stablecoins (USDt, XAUt) to communicate through real-time encrypted multi-signature channels.
- 03:06DWF Labs Purchases 7 Tokens Totaling $6.43 Million in One Month, Currently Facing a 13% Unrealized LossAccording to on-chain analyst Ember's monitoring, since DWF Labs announced its secondary market token purchase wallet a month ago, it has withdrawn 7 types of tokens from centralized exchanges, with a total expenditure of $6.43 million. Currently, six projects are at a floating loss and one at a floating gain, with a combined floating loss of $850,000 (-13%). These tokens include: 51.15 million JST ($1.89 million, average price $0.037), 5 million MANTA ($1.54 million, average price $0.309), 4.73 million YGG ($1.02 million, average price $0.216), 137 million IOST ($480,000, average price $0.0035), 21.28 million IOTX ($440,000, average price $0.021), 3 million SIREN ($540,000, average price $0.18), 3.5 million PHA ($480,000, average price $0.139).
- 03:05Aave Founder: V4 to Introduce More Risk Management Features, New Staking Module Umbrella Already Showing ResultsStani Kulechov, the founder of Aave, stated on the X platform that the impact of the new Aave staking module Umbrella is already evident. The Aave protocol is transitioning from using AAVE as the ultimate excess debt support to generating additional yield through aTokens provided by users staking via Umbrella. Additionally, the Aave DAO can configure a predefined coverage amount for each staking pool, serving as the first line of defense for stakers' funds, achieving a balance by allowing both users and the Aave DAO to mitigate protocol risk without slashing any AAVE. Aave V4 will introduce more risk management features, and compared to other protocols that focus on taking risks and increasing tail risks, the community will still prioritize user safety.