The Daily: XRP surges after Ripple’s SEC case nears end, BTC’s institutional investor rebound, WazirX to undo trades following freeze | Headlines | News | CoinMarketCap
08/09/2024 01:07
Happy Thursday! In today's Daily, we take a look at Ripple's $125 million fine, JPMorgan says the bitcoin rebound is primarily supported by …
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Published on August 08, 2024 17:51 GMT+00:00edited on August 08, 2024 17:54 GMT+00:00
Happy Thursday! In today's Daily, we take a look at Ripple's $125 million fine, JPMorgan says the bitcoin rebound is primarily supported by institutional investors, Franklin Templeton's tokenized fund comes to Arbitrum and more.
Meanwhile, a U.S. judge approved a $12.7 billion settlement between FTX and the CFTC, bringing the 20-month-long lawsuit to an end.
Let's get started.
Ripple's $125 million fine
Crypto payments firm Ripple was fined $125 million as part of its years-long litigation with the SEC, according to a Wednesday court filing.
- The SEC accused Ripple in 2020 of raising $1.3 billion through the sale of XRP, which it says is an unregistered security.
- "The SEC's motion for remedies …