Monochrome has revised its application with its partner Vasco Trustees. Gaining a license will allow the company to introduce Australian retail investors to Bitcoin. In order to provide investors with access to a spot Bitcoin exchange-traded fund (ETF) on the Australian Securities Exchange (ASX), Australian crypto investment company Monochrome Asset Management has revised its application with its partner Vasco Trustees. According to the company’s release on July 14, the Monochrome Bitcoin ETF would be able to provide ordinary Australian investors with direct exposure to Bitcoin and Ether. Monochrome CEO Jeff Yew said that gaining a license will allow the company to introduce Australian retail investors to Bitcoin inside Australia’s strict regulatory framework. Regulated Exposure to Investors By providing a “familiar,” “structured,” and “protected environment” for Bitcoin investors, Yew thinks an ETF listing on ASX would send a “clear signal” to conventional investors that the “unregulated Wild West is coming to an end.” According to the company’s announcement, ordinary investors may have “regulated exposure” to the cryptocurrency market via Vasco, its “Responsible Entity Partner,” which has an Australian Financial Services License. The industry has recently been focusing on applications for spot Bitcoin ETFs, especially in the United States. Spot Bitcoin ETF registrations from major financial institutions have been seen in recent weeks. After much anticipation, Europe’s first spot Bitcoin ETF will finally launch later this year. London’s Jacobi Asset Management, a multi-asset investing platform, was planning to launch a Bitcoin exchange-traded fund (ETF) on the Euronext Amsterdam market in the summer of 2022. After the Terra ecosystem crashed in May 2022 and the FTX in November 2022, creating unprecedented market circumstances, the asset management had to delay the listing. The asset management said that it made the decision to debut the ETF immediately rather than wait due to a steady change in demand. Highlighted Crypto News Today: XRP Soars to Top 4 Cryptos Globally, Gaining 88% in Value Following SEC Legal Win

London, United Kingdom, July 14th, 2023, Chainwire Chancer, a revolutionary blockchain-based predictive markets app that’s taking the crypto and betting world by storm, has raised a whopping $750,000 in just 4 short weeks during its exciting presale. Stage 1 is now set to imminently sell out, with under 23% of tokens left before the price increases by 10%. The rise is driven by the unique premise of the platform, which offers completely decentralized betting, allowing users to ‘become the house’ and create their own odds. As well as the presence of the two founders, Adam and Paul Kelbie, who are fast becoming favorites in the blockchain community. Users interested in purchasing Chancer tokens can do so through the official website. Chancer: Driving the decentralized betting revolution Chancer is the world’s first decentralized and fully democratized blockchain betting platform. It puts the power firmly back into the hands of bettors, who are usually victims of unfavorable odds set by a house or bookmaker. These odds are stacked against bettors from the get-go. Additionally, these bookies often allow people to only bet on sports or mainstream events. That’s where Chancer is different. As a decentralized platform, users place bets among themselves, allowing for a fully peer-to-peer betting experience. Users can wager small bets among friends, or participate in viral bets regarding global events such as the World Cup Final, the Oscars, or even the US presidential elections. Powered by Google’s WebRTC, users can take up these bets and communicate with others in real-time whilst live streaming events as they unfold. All bets are made and paid out in CHANCER tokens, which gives the coin real utility as it is the lifeblood of the entire platform. As more and more users flock to Chancer, the greater the opportunity to disrupt the betting industry, which was worth more than $63 billion in 2022 and is set to skyrocket to over $150 billion by 2030, CHANCER’s price could also benefit from increased adoption and a spreading global reach. Chancer is also CertiK audited, which only goes to reinforce the faith in the project, given that the team has been fully KYC’d and given the stamp of authenticity many will expect from a development roadmap with such substantial scope. Unveiling the Remarkable Success of Chancer’s Raise With real use cases and a platform that works in favor of those using it, it’s easy to see why Chancer has managed to raise $750,000 in such a short period of time. Chancer has an extensive roadmap, detailing its plans from its presale right until it plans on becoming a DAO. Given this exciting trajectory and initial low price, it’s no wonder people are investing now to get in on the ground floor with Chancer. Not only that, but as of the 12th of July the developers added USDT and ETH purchase options, opening up the presale to millions more potential investors. Additionally, there are several perks for CHANCER token holders. Users can stake their tokens and potentially earn passive income in the form of tokens, and even receive discounted fees on bets. All of this, as well as the fact that users can set their own odds, makes it an innovative concept for betting and crypto enthusiasts. To further whet appetites and draw in an even bigger crowd, Chancer is currently holding a massive $100,000 giveaway in tokens. Ten lucky winners will be in with a chance to win a chunk of this money, which is Chancer’s way of giving back to the community. It doesn’t matter how many coins a user has — so long as he has some CHANCER in his wallet, he’s in it to win it. Upcoming Developments and Expectations for Chancer Chancer is still in its presale, presenting a potentially interesting prospect to those exploring new projects in 2023. Chancer’s current fundraising objective stands at $15 million. Considering the swift achievement of the initial $750,000, the company anticipates a smooth journey toward reaching its target. Following this, Chancer will launch on several exchanges, which will be announced during the course of the presale. Chancer presents a radical, completely unprecedented betting platform that empowers bettors and lets people decide on their own odds. With this in mind, Chancer has a real opportunity to overthrow some of the traditional and archaic betting houses in the market. Don’t miss out on this token opportunity, still currently at the low entry price of $0.01. About Chancer Chancer is set to develop the world’s first decentralized social predictive markets platform. This will allow Chancer token holders to create, and participate in their very own predictive markets based on their interests, expertise and social opportunities. The project intends to disrupt the global gambling and betting market by ‘removing the house’ and taking a slice of the market share as it garners attention by challenging the traditional bookmaking and betting business model. Users can get involved with Chancer on the official website. For more information: Website | Whitepaper | Socials Contact Adam Kelbie Chancer [email protected]

Optimism (OP), alongside major cryptocurrencies, has witnessed a remarkable surge in value amidst a wave of positive momentum sweeping through the broader crypto market. The recent victory of Ripple against the US Securities and Exchange Commission has sparked a sea of green, with investors expressing renewed confidence in the industry. In this flourishing environment, Optimism Network’s OP coin stands tall, exhibiting an impressive surge of nearly 15% in the past seven days. But can the Optimism Network sustain its upward trajectory in the face of regulatory challenges? OP Bulls Target $1.3 Resistance Level In the ever-changing landscape of the cryptocurrency market, the current price of OP coin on CoinGecko hits $1.38, reflecting a noteworthy rally of 14.2% over the past 24 hours. Additionally, within the last seven days, the coin has experienced an impressive surge of 14.7%. Since the first week of July, OP has been trading below the $1.3 mark. However, an OP price report notes that bullish investors are eyeing this crucial threshold to flip the H2 structure (see chart below) into a bullish trend. The $1.3 resistance level has posed a challenge for the OP coin’s value, preventing it from surpassing this critical point. Bulls in the market are striving to overcome this hurdle, which would signal a potentially bullish trend for the coin. Breaking through a resistance level requires bulls to employ various strategies and leverage market dynamics to their advantage. One approach is to increase buying pressure by generating higher demand for the asset. This can be achieved through positive news, improved market sentiment, or attracting new investors. By accumulating buying orders, bulls can potentially overpower selling pressure and propel the price beyond the resistance level. Related Reading: PEPE Price Drops More Than 60% From ATH – What Lies Ahead? Technical analysis plays a crucial role as well. Bulls carefully analyze price charts and employ technical indicators to identify patterns, trends, and potential entry points. They look for signals that indicate a breakout or reversal in price movement. Altcoins Rally As the news of Ripple’s triumph against the SEC spreads, the crypto market witnessed a major surge. XRP, Ripple’s native cryptocurrency, has skyrocketed by more than 60% at the time of writing. This remarkable climb has sparked fervent excitement within the “XRP army” community on Twitter. CoinGecko data indicates that XRP is currently trading above $0.76. In addition to XRP’s extraordinary rally, several other altcoins have also enjoyed significant gains. Altcoins such as Solana, Polygon, and Cardano, which were previously subject to scrutiny and classified as potential securities by the SEC, have reaped the benefits of this rising tide in the crypto market. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from

Court records show that Mashinsky entered a not-guilty plea to seven charges. Mashinsky’s NY City residence and bank account will serve as collateral for the bond. After his arrest on Thursday on allegations of fraud, a U.S. District Judge set bail for Alex Mashinsky, founder and former CEO of insolvent crypto lender Celsius, at $40 million. Court records show that Mashinsky entered a not-guilty plea to seven charges. Including deceiving investors and manipulating the price of his CEL token. On Thursday, the Department of Justice, the Federal Trade Commission, and federal securities and commodities agencies all indicated that they would be taking action against Mashinsky and other officials. Certain Restrictions As part of the agreement, Mashinsky is prohibited from leaving the country. And also from opening any new financial or cryptocurrency accounts. According to court records, his wife will be the only signatory on the bond. On the other hand, the identity of the other co-signatory is unknown at this time. His New York City residence and bank account will serve as collateral for the bond. Moreover, Mashinsky’s attorneys stated that their client refutes allegations against him. And will go all out to defend himself in court against the charges. According to the U.S. Department of Justice (DOJ), on Thursday, Alex Mashinsky was detained in New York as part of an investigation into the failure of bankrupt crypto lender Celsius. In a seven-count indictment, the DOJ accuses Mashinsky and others of securities fraud, commodities fraud, wire fraud, and conspiracy related to the manipulation of the price of Celsius’ token CEL. Furthermore, in July 2022, the lending platform declared bankruptcy, and the cryptocurrency consortium Fahrenheit recently secured a deal to buy its assets. For allegedly misrepresenting investors about the firm’s health prior to its bankruptcy filing, New York Attorney General Letitia James filed a lawsuit against Mashinsky in January. Highlighted Crypto News Today: Ripple Bounces Back Strong, Major Exchanges Like Coinbase, Gemini Relist XRP

Bitcoin (BTC) price reaches a new yearly high following the court’s ruling in Ripple vs SEC. The global crypto market shows a 5% spike in market cap and a 130% surge in daily trading volume. Bitcoin (BTC), the largest cryptocurrency, marked its new one-year high of over $31,736 following the near conclusion of the legal battle between the U.S. SEC and Ripple. The court’s verdict favoring XRP sent ripples of optimism through the crypto market, resulting in a significant rally for XRP, Bitcoin, and other altcoins. Bitcoin (BTC) Price Chart (Source: CoinMarketCap) Ripple’s Victory Over SEC Propels Bitcoin (BTC) For the past three weeks, Bitcoin has been fluctuating within the $30,000 to $31,000 range. However, the outcome of the lawsuit provided much-needed impetus for the global crypto market. Additionally, the current Ripple victory has instilled renewed confidence in the cryptocurrency market, attracting investors and fostering positive sentiment. Bitcoin (BTC) Timeline Currently, Bitcoin upholds the largest market cap of $609 billion and a market dominance of 49%. At the time of writing, as per CoinMarketCap data, the price of Bitcoin (BTC) stands at $31,474. Looking at the past 30 days, Bitcoin price witnessed a gain of 21%. On a year-to-date (YTD) basis, BTC experienced a 90.5% surge, reflecting its long-term potential as a store of value. Moreover, these positive changes in Bitcoin’s price signify the overall optimism surrounding the cryptocurrency, despite the inherent volatility of the crypto market. Also, Bitcoin’s ongoing upward trend suggests that it remains a favored choice for investors. On the other hand, Ethereum (ETH) also marked its new one-year high of over $2,028. At the time of writing the daily trading volume of ETH surged by 111.8% and the Ether price was $1,998. Highlighted Crypto News Today: Ripple Bounces Back Strong, Major Exchanges Like Coinbase, Gemini Relist XRP

The Bitcoin price tagged a new yearly high yesterday at $31,840, leaving market participants wondering about the driving forces behind this bullish momentum. The Power of Economic Indicators One of the crucial factors contributing to Bitcoin’s upward trajectory was the release of the United States Producer Price Index (PPI) data. The latest figures revealed a significant slowdown in inflation, with PPI YoY dropping to 0.1% in June, surpassing expectations and marking the smallest pace since August 2020. Notably, the Core PPI YoY came in at 2.4%, slightly below the estimated 2.6%, reinforcing the notion of a diminishing inflationary environment. This decrease in PPI is seen as a positive sign for the Consumer Price Index (CPI), providing hope for a more stable economic landscape. Macro researcher Mortensen Bach emphasized the significance of the PPI’s impact, stating, “PPI always leads CPI. Inflation is no longer a thing and input prices clearly indicate that! Deflation remains the primary risk going forward. This is what happens when you have a Federal Reserve who is blindly focused on backward-looking data!” Echoing these sentiments, macro analyst Ted added, “PPI inflation leads CPI by a few months… and today’s PPI numbers have YoY running at +0.24%. Almost in deflation! Fed pivot anyone?” Also worth noting is that, May PPI inflation was revised lower from 1.1% to 0.9%. May Core PPI inflation was revised lower from 2.8% to 2.6%. The drop and revision lower in Core PPI is what the US Federal Reserve wants to see. Inverse Correlation With The DXY Another pivotal factor driving Bitcoin’s surge is the recent drop in the US Dollar Index (DXY) below 100.00, a level not seen in 15 months. This development has sparked renewed interest in risk assets like Bitcoin as a hedge against a weakening dollar. The inverse correlation between the DXY and Bitcoin has historically played a significant role in the cryptocurrency’s price movements, and this recent drop in the DXY has acted as yet another bullish catalyst. Ripple’s Partial Victory The ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC) has probably provided another boost to Bitcoin’s price. Ripple’s partial victory in the case has generated optimism in the crypto community and can be seen as a net positive event for Coinbase, which is embroiled in its own legal dispute with the SEC. Interestingly, Coinbase serves as the exchange partner for all U.S. Bitcoin spot Exchange-Traded Funds (ETFs) currently filed with the SEC. Recently, chair Gary Gensler’s comments on Coinbase’s involvement in ETF filings have raised concerns about the suitability of the exchange as a market surveillance sharing partner, as Bitcoinist reported. Eric Balchunas, a Senior ETF analyst for Bloomberg, expressed his apprehension, suggesting that “SSA could be pointless if this is a problem for him.” With this in mind, the Ripple victory can also be seen as extremely positive news for the approval of a Bitcoin spot ETF, as Coinbase could benefit from the ruling in its case against the SEC. At press time, the BTC price retraced to $31,250, up 2.6% in the last 24 hours.

VC Spectra (SPCT) groundbreaking features enabled this hidden gem to raise over $2.4 million in private/seed sales. The platform continues to rise as it prepares for Stage 2 of the public presale, attracting numerous investors with its huge potential and exceptional real-life utility. ChatGPT agrees with experts’ prediction that early VC Spectra (SPCT) investors could soon obtain million-dollar rewards. Let’s get into the ‘why!’ >>BUY SPCT TOKENS NOW<< VC Spectra (SPCT) ChatGPT Prediction According to OpenAI’s ChatGPT, investors in hidden crypto gems should ‘evaluate several factors, such as the project’s technology, team, adoption potential, and overall market conditions.’ Furthermore, ChatGPT urges crypto traders to diversify their portfolios in order to effectively manage risks. Experts have underlined VC Spectra’s (SPCT) potential to overtake the crypto market since the token’s fantastic real-life utility allows adoption across various blockchains. Furthermore, the platform’s highly advanced protocol empowers users to receive optimal gains while minimizing the risks. Investors have currently bought over 95,609,000 VC Spectra (SPCT) tokens, or 76.49% of SPCT’s Stage 1 supply. So, let’s analyze what makes VC Spectra (SPCT) stand apart from the competition as the token nears the 2nd presale stage. VC Spectra (SPCT) Brings Stability and Enormous Gains VC Spectra (SPCT) is a community-driven decentralized hedge fund that offers the best investment possibilities in current blockchain projects and technology startups. VC Spectra (SPCT) users can delve into a large number of tokens and niche markets and diversify their portfolios with the projects that have the biggest potential to bring substantial gains. VC Spectra’s (SPCT) AI trading systems boast unparalleled precision in choosing the most viable market options. Furthermore, VC Spectra (SPCT) extensive risk analysis empowers investors to make informed decisions that are ultimately rewarded with quarterly dividends and buybacks from the profits. On top of that, VC Spectra’s (SPCT) BRC-20 standard token includes a deflationary burn mechanism that reduces circulation over time. VC Spectra (SPCT) holders receive multiple perks and bonuses, such as exclusive access to discounted pre-ICOs and voting rights for future investments. Therefore, each individual in VC Spectra (SPCT) democratically governed community can get directly involved in the platform’s practical matters. On top of that, VC Spectra (SPCT) investors retain total control over their assets and continually track their portfolios’ performance via the platform’s convenient interface and visual tools. Investors at the initial stage of VC Spectra’s (SPCT) public presale are set to receive the highest rewards as this hidden gem continues to expand its reach. Don’t hesitate to chip in while the VC Spectra (SPCT) token is still selling for just $0.008, as the 2nd presale stage will see the token surging to $0.011. Therefore, early SPCT adopters will obtain an unbelievable 37.5% ROI at the next presale stage and up to 10x gains when the token reaches the $0.08 presale target. Experts predict infinitely bigger returns once the token hits exchanges, so don’t miss this unique chance to realize your millionaire dreams and invest in VC Spectra (SPCT) right away! Learn more about the VC Spectra presale here: Presale: https://invest.vcspectra.io/login Website: https://vcspectra.io Telegram: https://t.me/VCSpectra Twitter: https://twitter.com/spectravcfund Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

XRP emerges victorious as a U.S. court rules it is not a security. XRP makes a remarkable comeback as major exchanges relist the token. After the court ruling, XRP price surges 67.40% in the last 24 hours A major crypto twist unfolded in the crypto market as Ripple’s XRP experienced a resurgence. Several prominent exchanges have announced their plans to relist XRP. The surge follows a U.S. federal court ruling that declared the sale of XRP on exchanges and through algorithms as not constituting investment contracts. This ruling has prompted Coinbase, Gemini, Kraken, and Bitstamp to relist XRP trading on their platforms. The court’s order, which granted a partial motion for summary judgment in the SEC case against Ripple, has yielded a favorable outcome for XRP. As a result, its trading volume displayed a staggering increase of over 1000% in the last 24 hours. The massive surge propelled XRP to claim a position among the top four cryptocurrencies, surpassing BNB and USDC. Major Exchanges Relists XRP, What’s Next? Coinbase, one of the leading cryptocurrency exchanges, took to Twitter to announce its plans to relist XRP. The exchange stated that it will re-enable trading for XRP on the XRP network once there is a sufficient supply of the asset. Coinbase plans to launch the following trading pairs in phases: XRP/USD, XRP/USDT, and XRP/EUR, reflecting its users’ growing interest in XRP. Gemini, another prominent exchange, also expressed its intentions to relist XRP for both spot and derivatives trading. The court ruling served as a catalyst for Gemini to reconsider its stance on XRP. Likewise, crypto exchange Kraken wasted no time in declaring its plan to enable the US users to deposit and trade XRP on its platform. Additionally, Bitstamp, one of the early adopters of XRP trading, swiftly reacted to the court ruling by taking initiative to relist XRP. Highlighting its global liquidity position, Bitstamp emphasized its role as a leading venue for XRP trading, while also noting Ripple’s minority stake in the exchange. The court’s decision, coupled with the resounding support from major crypto exchanges, marks a defining moment for XRP. As it continues to gather momentum, the crypto community watches with anticipation. Meanwhile, XRP fed confidence to the fellow altcoins, which labels this day as the start of the Altcoin Season. Highlighted News Today XRP Soars to Top 4 Cryptos Globally, Gaining 88% in Value Following SEC Legal Win

XRP price rallied over 80% after the court’s ruling and jumped above $0.80 against the US Dollar. It tested the $0.95 zone and is currently correcting gains. Ripple’s token price surged above the $0.65 and $0.80 resistance levels against the US dollar. It is trading well above $0.5000 and the 100-day simple moving average. There was a break above a major bearish trend line with resistance near $0.50 on the daily chart of the XRP/USD pair (data source from Kraken). The pair is currently correcting gains but the bulls might be active near $0.70. Ripple’s XRP Price Surges Over 80% After the court’s verdict in favor of Ripple, XRP saw a monster rally above the $0.45 resistance. It broke many hurdles near $0.50, dragging Bitcoin and Ethereum high as well. There was a break above a major bearish trend line with resistance near $0.50 on the daily chart of the XRP/USD pair. It opened the doors for a strong increase above the $0.65 resistance. The price gained over 80% and even spiked toward the $0.95 level. A high is formed near $0.9479 and the price is now correcting gains. It is trading below the 23.6% Fib retracement level of the upward move from the $0.4460 swing low to the $0.9479 high. XRP is still well above $0.5000 and the 100-day simple moving average. Immediate resistance is near the $0.85 level. The first major resistance is seen near the $0.92 level, above which the price might revisit the $0.95 resistance zone. Source: XRPUSD on TradingView.com The main barrier could be near the $1 level. A clear break above the $1 resistance could open the doors for a sharp increase toward the $1.10 resistance. The next major resistance above the $1.10 level could be near the $1.20 level. Are Dips Supported? If XRP fails to clear the $0.850 resistance, it could continue to move down. Initial support on the downside is near the $0.750 level. The first major support could be near the $0.70 level or the 50% Fib retracement level of the upward move from the $0.4460 swing low to the $0.9479 high. If the price fails to stay above $0.70, it could start another major decline toward $0.55. Technical Indicators Daily MACD – The MACD for XRP/USD is now losing momentum in the bullish zone. Daily RSI (Relative Strength Index) – The RSI for XRP/USD is in the overbought zone. Major Support Levels – $0.7500, $0.7000 and $0.6500. Major Resistance Levels – $0.8500, $0.9200 and $0.9500.

Bitcoin price started a fresh increase after XRP’s massive rally. BTC is trading above $31,400 and might rally if there is a close above $32,000. Bitcoin is moving higher above the $31,000 and $31,400 resistance levels. The price is trading above $31,000 and the 100 hourly Simple moving average. There was a break above a key contracting triangle with resistance near $30,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if there is a close above $32,000. Bitcoin Price Starts Fresh Increase Bitcoin price was able to clear the $30,500 resistance zone. BTC started a fresh increase after a court ruling in favor of Ripple, stating XRP is not a security. There was a break above the $30,650 resistance. Besides, there was a break above a key contracting triangle with resistance near $30,700 on the hourly chart of the BTC/USD pair. The pair even climbed above the $31,400 resistance zone. A high is formed near $31,790 and the price is now consolidating gains. It is trading near the 23.6% Fib retracement level of the recent increase from the $30,217 swing low to the $31,790 high. Bitcoin is now trading above $31,000 and the 100 hourly Simple moving average. Source: BTCUSD on TradingView.com Immediate resistance is near the $31,600 level. The first major resistance is near $31,800, above which the price could gain bullish momentum. In the stated case, BTC might rise toward the $32,000 resistance. The next major resistance is near the $32,500 level. Any more gains could open the doors for a move toward the $33,200 resistance zone. Are Dips Supported in BTC? If Bitcoin fails to clear the $31,800 resistance, it could start a downside correction. Immediate support on the downside is near the $31,200 level. The next major support is near the $31,000 level or the 50% Fib retracement level of the recent increase from the $30,217 swing low to the $31,790 high, below which there could be a drop toward the $30,800 support zone. Any more losses might send the price toward the $30,550 level in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $31,200, followed by $31,000. Major Resistance Levels – $31,650, $31,800, and $32,000.

Ethereum price is up over 7% and trading above $2,000 against the US Dollar. ETH gained pace after XRP jumped over 80% and cleared $0.90. Ethereum is up over 7% from the $1,850 support zone. The price is trading above $1,980 and the 100-hourly Simple Moving Average. There was a break above a key contracting triangle with resistance near $1,885 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise further toward the $2,050 and $2,120 resistance levels. Ethereum Price Aims Higher Ethereum’s price remained well-bid above the $1,850 zone. ETH started a decent increase after XRP surged over 50%. There was a move above the key $1,890 resistance zone. Many altcoins, including MATIC, SOL, BNB, and ADA gained handsomely in the past few hours. There was also a break above a key contracting triangle with resistance near $1,885 on the hourly chart of ETH/USD. The pair gained over 7% and even surpassed the $2,000 resistance zone. A high is formed near $2,027 and the price is now consolidating gains. Ether is trading above $1,980 and the 100-hourly Simple Moving Average. It is also well above the 23.6% Fib retracement level of the upward move from the $1,865 swing low to the $2,027 high. Source: ETHUSD on TradingView.com On the upside, immediate resistance is near the $2,025 level. The first major resistance is near the $2,050 zone, above which the price could rise toward the $2,120 resistance zone. The next major resistance is near the $2,200 level. Any more gains could send Ether toward the $2,250 resistance or even $2,350. Are Dips Limited in ETH? If Ethereum fails to clear the $2,025 resistance, it could start a downside correction. Initial support on the downside is near the $2,000 level. The first major support is near the $1,980 level, below which the price might test the $1,945 level. It is close to the 50% Fib retracement level of the upward move from the $1,865 swing low to the $2,027 high. The next major support is near the $1,905 level. Any more losses could send Ether toward the $1,865 support level in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $1,945 Major Resistance Level – $2,050

Bitcoin is flirting with $32,000 per coin, XRP just posted a 100% intraday rally, and suddenly cryptocurrency prices are green again. The sudden change is all part of a possible perfect storm brewing — one that leads to a dramatic recovery and new all-time highs sooner than most would expect. “Not A Security” XRP Victory Signals Relief In Crypto The idea that cryptocurrencies could recover at all in the recent macro environment has been scoffed at throughout 2023. Layer in the impact of the SEC putting pressure on the industry by labeling certain altcoins as securities, and few wanted to risk their money on digital coins. But that label was just removed from XRP, and that’s all it took to double in price in just one day. XRP has since given back some of that upside, but it’s a shocking enough move to get people to start paying attention to crypto again — especially altcoins. A rising tide also tends to lift all boats. And with Bitcoin staying buoyant above $30,000 per coin, Ethereum holding above $1,800, and the “ripple effect” happening in BTC dominance as a result of the XRP move, altcoins have already started to participate. The DXY And The Perfect Storm For Bitcoin So how is this set up to be a perfect storm? Cryptocurrencies have been in oversold conditions for an extended period, and order books are thinner today than they were in 2021. It won’t take much money coming in to begin to make prices move, per XRP’s example. Today alone, hundreds of other altcoins posted substantial gains, simply because XRP is no longer labeled a security. It caused an immediate rush into other altcoins which are at bear market lows and priced at a great value compared to 2021 ATHs. Given the previously mentioned macro landscape, many traders remain short Bitcoin and other coins, and could soon find themselves helping to push prices higher as they’re squeezed out of positions. Others aren’t short, but are sidelined and remains reluctant to buy in. This situation could result in chasing prices higher and higher. Finally, this perfect storm is capped off by inflation cooling, the stock market approaching ATHs, and the US Dollar weakening according to the DXY. The DXY just lost the 100-point level, which potentially sent a risk-on signal to financial markets. With all cryptocurrencies prices in USD as their base trading pair, a perfect storm is here that could cause prices to surge unstoppably higher.

The New “Dawn of DC” Collection Introduces the Mega Card, a Larger-Than-Life Trading Card that Unlocks a Bonus Redeemable Digital Collection SAN DIEGO–(BUSINESS WIRE)–#DawnofDC–In celebration of DC’s yearlong publishing initiative, “Dawn of DC,” featuring new comic books starring Superman, DC’s Titans, Shazam!, Green Arrow, Wonder Woman, Cyborg, The Penguin, Green Lantern, and many more, Cartamundi Group, the worldwide leader in playing cards, and Warner Bros. Discovery Global Consumer Products are proud to announce the newest collection of DC Hybrid Trading Cards by Hro that will be unveiled at San Diego Comic-Con 2023. The “Dawn of DC” Collection by Hro will be available at the Hro Booth (#435) and at the DC Booth (#4645) from Wednesday, July 19 through Saturday, July 23, providing convention attendees with an exclusive “first look” opportunity to obtain these highly anticipated hybrid trading cards. Following San Diego Comic-Con, collectors worldwide will then have a chance to purchase the new collection through a limited sale on shop.hro.gg on July 31…bringing this special assortment into the hands of everyone who couldn’t be there in person for the 2023 event. “At Cartamundi, we are dedicated to crafting playful products that will resonate with diverse communities,” says Tricia Bouras, Cartamundi Global Entertainment President, and CEO and President of the United States Playing Card Company of Cartamundi Entertainment. “The DC fandom is thriving, and this set was crafted with them in mind.” This 21-card collection features the Cartamundi brand’s newest innovation: the Mega Card, which represents the first time a physical Hro card will unlock a new digital collection. Once the Mega Card is scanned into the Hro mobile app, collectors will be able to redeem it for an all-new “Dawn of DC”: Titans Digital Pack, extending the collecting experience beyond just that initial hybrid pack opening and creating an outlet for even deeper immersion into the DC Multiverse with crafting opportunities and additional Rewards at stake. “We are excited to unveil the ‘Dawn of DC’ Collection at San Diego Comic-Con, the ultimate fan experience, to debut our latest innovations,” says Masha Ievseieva, Vice President of North America Marketing and Global Insights at Cartamundi. “Through the Mega Card, we are proud to introduce a new digital experience through a physical product, and it will delight DC fans.” How to Join the Hro Community DC Hybrid Trading Cards by Hro allow fans to collect designs showcasing iconic art from DC’s comic book history, including fan-favorite characters like Batman, Superman, Wonder Woman, and so many more. On the back of each physical trading card is a QR code that connects it to its digital “twin” on the Hro mobile app, which is validated and backed up by the security of blockchain technology. Once the physical and digital twins are linked, the Hro app and web platform then give buyers access to a global marketplace to buy, sell, and trade their way to a complete collection. This innovative model also plays host to a 360° fan engagement platform where users can compete to uncover the rarest cards, rise to the top of community leaderboards, and unlock the chance to win special rewards. Hro Rewards The Hro app plays host to a 360° fan engagement platform where users can compete to uncover the rarest cards, rise to the top of community leaderboards, and unlock the chance to win special Reward Cards. Among the Rewards up for grabs with this “Dawn of DC” Collection are the following: Completion Reward For anyone able to collect the entire 21-card set, they will receive a Mythic-tier card featuring DC’s “Future State” Trinity, which includes Yara Flor (Wonder Woman), Jace Fox (Batman), and Jon Kent (Superman)…a perfect complement to the existing Mythic-tier Trinity card in the “Dawn of DC” Collection that depicts DC’s traditional Wonder Woman, Batman, and Superman and ultimately connects to this Completion Reward in order to form a composite image. Leaderboard Rewards On top of the Completion Reward, there will also be two Reward Cards for the top 150 and top 300 “Dawn of DC” hybrid collectors in addition to a bonus Reward Card for the top 300 collectors who participate in the extra digital drop (“Dawn of DC”: Titans) unlocked by the Mega Card. Rewards are subject to the Hro Snapshot Rewards Program Terms and Conditions: https://hro.gg/hro-snapshot-rewards-terms/. For more information on Hro and DC Hybrid NFT Trading Cards, please visit www.hro.gg. Stay up-to-date with the latest news by following Hro on Discord, Twitter, Instagram and Facebook. About Hro The future of collecting is here. Hro is a unique platform designed for collecting and trading physical and digital cards. Get ready to unlock the Multiverse through DC’s iconic history of Super Heroes & Super-Villains. Hro trading cards help fans collect unforgettable artwork, access their collections on the go, and have fun and interact with other passionate fans around the globe. Hro offers proof of ownership and authenticity by creating an exciting way to experience more, connect more, and play more. About Cartamundi Entertainment At Cartamundi, we’re all united by our common belief that the world is better with play. Play is what keeps us going, and it has always been our greatest motivation. That’s why we live different, and play different. To us, it is not just an activity. It is a guiding mindset that reminds us to have fun, to be fair, to connect with people – across cultures and generations – and to embrace shared experiences. We are a worldwide leader in playing cards and in “play” solutions. Our owned brand portfolio includes a suite of heritage brands which go back as far as 1848, including global brands like Bicycle®, Bee®, Copag®, Shuffle® and many locally loved brands. These brands combine craftsmanship with innovation as the basis for their continued relevance and positive contribution to the local communities that love and use these brands. As we look into the future and how entertainment evolves, we are bringing the digital world to the physical world and vice versa. We have a dedicated team of experts that is looking into future technologies, products, applications that can get our consumers and communities to truly live different and play different. We are still a family-owned company with headquarters in Belgium and have a global network of offices, 5 manufacturing facilities, 3 design centers and 1 digital studio. About Warner Bros. Discovery Global Consumer Products Warner Bros. Discovery Global Consumer Products (WBDGCP), part of Warner Bros. Discovery Global Brands, Franchises, and Experiences, extends the company’s powerful portfolio of entertainment brands and franchises into the lives of fans around the world. WBDGCP partners with best-in-class licensees globally on award-winning toy, fashion, home décor and publishing programs inspired by the biggest franchises from Warner Bros.’ film, television, animation, and games studios, HBO, Discovery, DC, Cartoon Network, HGTV, Eurosport, Adult Swim, and more. With innovative global licensing and merchandising programs, retail initiatives, and promotional partnerships, WBDGCP is one of the leading licensing and retail merchandising organizations in the world. About DC: DC, part of Warner Bros. Discovery, creates iconic characters and enduring stories and is one of the world’s largest publishers of comics and graphic novels. DC’s creative work entertains audiences of every generation around the world with DC’s stories and characters integrated across Warner Bros. Discovery’s film, television, animation, consumer products, home entertainment, games, and themed experiences divisions, and on the DC Universe Infinite digital comic subscription service. Learn more at DC.com. Contacts [email protected]

Remote-First-Company/SARASOTA, Fla.–(BUSINESS WIRE)–Coinbase Global, Inc. (the “Company” or “Coinbase”) announced today that it will publish its second quarter 2023 shareholder letter, including financial results, on its Investor Relations website at investor.coinbase.com on Thursday, August 3, 2023, after market close. The Company will hold a question and answer session to discuss its financial results at 2:30 p.m. PT that same day. Starting on July 27 at 9:00 a.m. PT, all shareholders will be able to submit and upvote questions for Coinbase management by visiting here. This Q&A platform will remain open until 24 hours before the earnings call. Shareholders can email [email protected] for any support inquiries. To register for the webcast, please use this link. A live webcast of the call will be available on the Investor Relations website at investor.coinbase.com. Following the call, a replay of the call, as well as a transcript, will be available on the same website. Disclosure Information Coinbase uses the investor.coinbase.com and blog.coinbase.com websites, as well as press releases, public conference calls, public webcasts, our Twitter feed (@coinbase), our Facebook page, our LinkedIn page, our YouTube channel, and Brian Armstrong’s Twitter feed (@brian_armstrong) as means of disclosing material non-public information and for complying with our disclosure obligations under Regulation FD. About Coinbase Coinbase is building the cryptoeconomy – a more fair, accessible, efficient, and transparent financial system enabled by crypto. The company started in 2012 with the radical idea that anyone, anywhere, should be able to easily and securely send and receive Bitcoin. Today, Coinbase offers a trusted and easy-to-use platform for accessing the broader cryptoeconomy. Contacts Press: [email protected] Investor Relations: [email protected]

In a significant legal victory for Ripple, the Southern District of New York has ruled that the company’s programmatic sales and other distributions of XRP did not constitute an offer and sale of investment contracts. However, the court found that Ripple’s institutional sales of XRP did constitute an unregistered offer and sale of investment contracts in violation of Section 5 of the Securities Act. According to analyst Adam Cochran, the ruling is mostly excellent news for Ripple and XRP, providing greater regulatory clarity and paving the way for increased cryptocurrency adoption. The court found that sales to users via exchanges “were fine” if they were conducted through order books and not ICO/IEO/Launchpad-like platforms. Other activities, such as bounties, investments in others using XRP, grants using XRP, and transfers to executives in XRP, were also not considered securities. XRP has long been considered one of the more centralized foundations in cryptocurrency, with a key figurehead and standard sales via exchanges. According to Cochran, the court’s ruling suggests that if XRP is not a security, then neither are Bitcoin or Ethereum. Furthermore, Cochran believes The ruling is also a win for exchanges, as it suggests that all selling will flow through public order books again, with no more billions in convertible funding rounds early on. This could make it easier for investors to trade XRP and other cryptocurrencies on regulated exchanges. XRP Price Rises As Ripple Wins Legal Battle Against SEC The recent ruling in favor of Ripple represents a significant legal victory, and the market has positively received the news. XRP’s price has notably increased since the ruling, with the cryptocurrency experiencing gains of over 33% in the hours following the announcement. What’s more, Institutional investors have been cautious about investing in XRP due to the ongoing legal battle with the SEC, which has created uncertainty around the regulatory status of the cryptocurrency. The recent ruling provides greater clarity and certainty, which could help to alleviate some of these concerns and make XRP a more attractive option for institutional investors. As of the time of writing, XRP has reached a significant milestone by hitting the $0.6324 mark, which has not been achieved since May 2022. This new yearly high is a positive indication of the cryptocurrency’s continued uptrend. The ADX, a technical indicator that measures the strength of a trend, is currently spiking to the upside, suggesting a potential continuation of XRP’s upward momentum. XRP’s squeeze-bear momentum indicator also shows the beginning of a significant move to the upside, indicating that the cryptocurrency may be poised for further gains. These factors could be the perfect ingredients for XRP to reach the $1 mark. Despite the cryptocurrency’s optimism, XRP faces two major resistance levels shortly. The first resistance wall is $0.7769, which could be the first obstacle to the $1 mark. The second, more challenging wall is the $0.8627 level, which has not been reached since the first quarter of 2022. This surge in price marks a significant turnaround for XRP, which had been struggling in the wake of the SEC lawsuit. The ruling is likely to positively impact investor sentiment, as it provides greater clarity and certainty around the regulatory status of the token. Featured image from Unsplash, chart from TradingView.com

Ripple is best known for its XRP cryptocurrency and global payments network, but it is now setting its sights on the tokenized assets market. In its 2023 New Value report, the company believes blockchain technology can unlock trillions of dollars of value in the global financial system by tokenizing real-world assets like stocks, bonds, and real estate. Ripple Wants To Get In On The Action Tokenized digital representation of assets like stocks, bonds, real estate, art, and commodities provide more efficiency, liquidity, and accessibility on DeFi protocols. And Ripple has big plans for the tokenized assets market. The company believes that the tokenization of global illiquid assets could be a $16 trillion business opportunity by 2030. So to position itself, Ripple is building tools and services for tokenizing assets and facilitating blockchain-based trading. Earlier this month, the company’s CBDC advisor, Anthony Welfare, posted on Twitter that Ripple’s CBDC team is focusing on real-world use cases for a CBDC or stablecoin on Ripple’s CBDC Platform. This will allow users to tokenize real estate as collateral for loans. Recently, the Hong Kong Monetary Authority invited Ripple Labs to participate in a pilot initiative for the tokenization of real estate assets. According to the company, its CBDC Platform was selected to assist the HKMA in creating a tokenization solution that records e-HKD real estate transactions on a secure and private ledger using its CBDC Platform – a new private ledger distinct from the XRP Ledger. Coincidentally, Ripple is not the only entity seeing growth in this niche of the industry. According to the Boston Consulting Group, tokenized illiquid assets can reach $16.1 trillion by 2030. Around 72% of finance decision-makers expect to explore tokenization as a way to drive innovation over the next three years. A survey of 300+ global institutional clients by Celent showed reported 97% of respondents agree that tokenization will revolutionize asset management and would be good for the industry. XRP Standing Strong Ripple has faced uncertainty in the past due to an ongoing legal battle with the SEC. Despite the unclear regulatory environment, Ripple continues expanding into new areas, like the tokenized assets sector. Today, Ripple secured another win as United States District Judge Analisa Torres ruled in partial favor of Ripple, saying that XRP sales on public cryptocurrency exchanges were not offers of securities under the law. However, the judge also remarked that Ripple Labs Inc. violated federal securities legislation in its sales of XRP directly to major investors, and a jury must decide the involvement of CEO Brad Garlinghouse and Chairman Chris Larsen. Following the ruling, the price of XRP has surged over 60% to trade at $0.76 at the time of this writing.

XRP price skyrocketed 2x after a recent legal victory against SEC Ripple’s legal victory could propel XRP’s price to hit $3 XRP, the digital asset associated with Ripple, has experienced a significant surge in price following a recent legal victory against the United States Securities and Exchange Commission (SEC). As a result, XRP has climbed to become one of the top four cryptocurrencies in the world based on market capitalization. XRP Climbed Top 4 Crypto In The World (Source: CoinMarketCap) Following the resolution of its legal battle with the SEC, XRP witnessed a staggering 88% surge in its price. This substantial increase demonstrates the market’s positive response to the news, as investors and traders embraced the newfound clarity surrounding the regulatory status of XRP. The victory against the SEC has had a transformative impact on XRP’s market position, propelling it to join the ranks of the world’s most valuable cryptocurrencies. With its newfound surge in price and market capitalization, XRP has solidified its position as one of the leading digital assets, standing alongside other prominent cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). The resolution of the legal case with the SEC has brought renewed confidence in XRP among investors, with many seeing it as a positive milestone for the wider cryptocurrency industry. The outcome has provided clarity on the regulatory landscape for XRP, fostering an environment of increased trust and potential for further adoption. Will XRP Hit $3 Soon? XRP’s climb to the top four cryptocurrencies worldwide is not only a testament to its recent legal victory but also to its unique features and utility within the cryptocurrency ecosystem. XRP offers fast and low-cost cross-border transactions, making it an attractive option for individuals and institutions seeking efficient international remittance solutions. XRP Price Chart (Source: TradingView) As the market reacts to this positive development, many investors and analysts are questioning whether XRP’s newfound clarity and regulatory resolution will drive its value to reach $3. The legal victory has not only restored confidence in the cryptocurrency but also opened doors to potential opportunities for growth. As the market dynamics evolve, the XRP price prediction becomes a focal point for market participants who closely monitor its price trajectory and eagerly speculate on the potential of reaching the $3 milestone. With ongoing developments in the market, investors and analysts engage in price prediction exercises to anticipate the potential movement of XRP and its likelihood of reaching the coveted $3 mark.

FTX Japan has begun a recruitment push to grow its workforce and advance the FTX 2.0 plan. By the end of the second quarter of 2024, the FTX team hopes to have relaunched the exchange. To further the FTX 2.0 project, FTX Japan is on the lookout for fresh talent. New crypto tools, non-custodial CEX trading, Proof of Solvency, and market-leading crypto derivatives are among the goals of the exchange as it examines cutting-edge technology like AI. FTX 2.0 Relaunch FTX Japan’s COO Seth Melamed has spearheaded a recruiting push that demonstrates the company’s dedication to moving the FTX 2.0 program forward. In May, it was reported on FTX’s new CEO John Ray’s ambitions, which revealed the exchange’s 2.0 relaunch. FTX froze all withdrawals suddenly last year before collapsing under the weight of its financial obligations. On November 11th, 2022, it filed its bankruptcy paperwork. Nearly 2 million clients were left with outstanding balances as a result of the consequences. Around 130 firms affiliated with the FTX group filed for bankruptcy last year after a liquidity crisis hit the industry. Voyager Digital, BlockFi, Celsius, and Three Arrows Capital are just a few examples of well-known companies that failed. On the other hand, former FTX CEO Sam Bankman-Fried vehemently refuted the several claims filed against him. Recently, the legal team aiming to recover investor assets from FTX claims that the collapsed cryptocurrency exchange spent roughly $400 million on the purchase of Swiss business Digital Assets AG (DAAG), which became FTX Europe. The plaintiffs are trying to recover their purchase costs. Highlighted Crypto News Today: Binance Promotes Eleanor Hughes to the Position of General Counsel

TOKYO–(BUSINESS WIRE)–Metaverse advanced technology research organization “MATRIX GENESIS LABS” operated by MetaReal Group’s MATRIX Corp. (Head office: Chiyoda-ku, Tokyo; Representative Director: Junichi Goishi; hereinafter “MATRIX”) released the beta version of ‘Genesis,’ the company’s Metaverse World Generative AI system ( https://speech2world.com ) on July 13, 2023. [Regarding the beta version release of ‘Genesis’] The beta version of ‘Genesis’ is a technical verification edition of the generative AI system that automatically creates photorealistic Metaverse spaces. You can experience the generation of Metaverse worlds (virtual spaces) through simple spoken language or text prompts (Speech to World). Please note that the beta version is only available on PC. [Invitation System] Due to the high computational power required for this technology, the beta version will initially be released on an invitation-only basis. Invitation codes will be sent to users who register through the following website, in sequential order: >> https://speech2world.com << There is also a limit on the number of simultaneously generated worlds by multiple users, and a queuing system has been implemented to address this. If the number of simultaneously generated worlds exceeds the limit, users will be placed in a waiting queue. Moving forward, while monitoring user usage patterns, the computational capacity of the system will be expanded to accommodate more users. [Future Developments] As the next step in the technical verification following the beta version release on PC, functionality to experience the system using a VR headset is expected to be added. [Introductory Video] View the introductory video here: https://youtu.be/Qc9852xkzmQ [About MATRIX Inc.] Established in September 2020 as a subsidiary of MetaReal Corp. (formerly Rozetta). Developed reality Metaverse platform “DOKODEMO Door” with the corporate vision of “Eliminating disparities and discrimination in the old reality, such as borders, language barriers, physical differences, knowledge gaps, and all other handicaps.” The company operates the reality Metaverse platform “DOKODEMO Door.” https://dokodemodoors.com/en/ Company name: MATRIX Inc. URL: https://www.matrix.inc/?lang=en Location: New Kudan Building, 3-7-1 Kanda Jimbocho, Chiyoda-ku, Tokyo Representative: Junichi Goishi, Representative Director [About DOKODEMO Door] DOKODEMO Door is a reality “Metaverse space sharing platform” where users and creators (“Metaversers”) can come together to meet new people, gather with friends and family, share experiences, learn new skills and enjoy Metaverse spaces together. https://dokodemodoors.com/en/ Anyone can easily create a World (VR Metaverse space) and hold free or paid Events in which users from around the globe can take part using a VR headset, PC or smartphone. DOKODEMO Door’s Metaverse spaces offer a variety of experiences and events including travel, live music, karaoke, relaxing therapy, etc. When a user enters a space using a VR headset, it feels just like being in the real world. The DOKODEMO Door platform features real-time AI translation, where conversations between users are instantly translated and displayed in their language. [About MATRIX GENESIS LABS (MGL)] The Metaverse advanced technology research organization “MATRIX GENESIS LABS (MGL)” imagines how various advanced technologies such as artificial intelligence and Web3 will affect the way people live in the Metaverse space in the future. MGL is a prototyping team that will continue to publish “touchable visions” at high speed by experimentally integrating and implementing these conceptual technologies while they are still at the earliest stage. [About MetaReal Corp.] Corporate mission: “Liberate mankind from the limitations of place, time, language, and the physical” AI, AR (Augmented Reality), VR (Virtual Reality), 5G/6G/7G (high-speed, large-capacity, multiple simultaneous connection communication), 4K/8K/12K (super-resolution video), video distribution By integrating the latest technologies such as solutions, wearable devices, robots, and HA (Human Augmentation), people from all over the globe can interact, live, work, and enjoy their lives “anytime, anywhere, and with anyone without the impediment of language.” The company aims to realize the goal of “global ubiquitous.” For the last three years, MetaReal has been focusing on the “Metaverse business” as a growth field, handled by group company MATRIX Inc. (“DOKODEMO Door”). Company name: MetaReal Corp. URL: https://www.metareal.jp/?language=en Location: New Kudan Building, 3-7-1 Kanda Jimbocho, Chiyoda-ku, Tokyo Representative: Junichi Goishi, Representative Director Established: February 2004 Business description: Language barrier-free services through AI translation; planning, development and operation of VR life services Contacts [Inquiries regarding this matter] MATRIX Inc. Public relations E-mail: [email protected]

Hughes with almost 15 years of expertise, has worked with Binance since November 2021. She will be in charge of 85 attorneys as part of her new position. After the departure of Han Ng, Binance hired Eleanor Hughes to fill the position of general counsel. Last week, not only Ng, but also the chief strategy officer of Binance Patrick Hillmann, and the senior vice president of compliance at the cryptocurrency exchange, Steven Christie, resigned from their positions, leading to rumors of an impending internal crisis. Christie wrote his statements outlining the personal reasons that forced him to take a leave from his work, amid rumors of unrest. What’s more, the former SVP praised the company’s compliance initiative. The leading cryptocurrency trading platform is embroiled in a number of lawsuits, including those brought by the CFTC and the SEC of the United States. In-charge of 85 Attorneys Hughes, a lawyer with almost 15 years of expertise, has worked with Binance since November 2021. According to a statement released by the exchange, Hughes will be in charge of 85 attorneys as part of her new position and will collaborate closely with the company’s Compliance team. When asked about Hughes’ status, Binance CEO CZ said, she “has grown to be a trusted advisor to himself and the team on legal matters.” The CEO stated: The business said that the new general counsel was instrumental in securing virtual asset service provider licenses and registrations, an issue that has recently been at the center of lawsuits involving crypto exchanges. Highlighted Crypto News Today: Ripple Wins as U.S Court Rules XRP Not a Security; Price Up 35%!!