The Ripple Effect

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What a big week for the crypto community this week! No matter the technology you believe in or tokens you hodl, there seems to be some light at the end of the tunnel 🥹 Spot Bitcoin ETFs are launching internationally and getting a second look, Ripple ($XRP) won it’s lawsuit against the SEC and was declared “not a security”, quickly followed by Coinbase relisting XRP for trading.

• Ripple wins lawsuit over SEC - XRP deemed “not a security” (REUT)

• Vanguard owns $560M in bitcoin mining stocks (Y)

• Former Celsius CEO, Alex Mashinsky, arrested and company agrees to pay $4.7B settlement (CNBC)

• SEC acknowledges Bitwise’s Spot Bitcoin ETF (@BitcoinMagazine)

• Silk Road BTC moved by government valued at $300M (CB)

• Coinbase relists Ripple (XRP) and skyrockets 50%+ after trading went live (@WatcherGuru)

• Crypto startup Arkham has been doxxing users for months (CD)

• Snoop Dogg and a16z back Sound’s $20M raise for a web3 music platform (CD)

• Binance Labs invests $15M in web3 startup Xterio (CD)

• Brevan Howard joins $12M round of Alluvial for liquid staking (CD)

• Bequest Finance raises $2.75M from Nyca Partners, Soma Capital, and more (@oracle_xyz)

• Wynd Network raises $1M pre-seed from No Limit Holdings, Big Brain Holdings, Builder Capital, and other VCs & angels (@WyndNetwork)

• Coinbase is in court with SEC (CD)

• South Korea wants companies to disclose crypto (CD)

• First Bitcoin ETF to go live in Europe after one year delay (WGURU)

• BlackRock CEO says crypto will transcend international currencies 👀

• DOJ arrests engineer over $9M crypto theft (CD)

• $103M disappears from multi chain (D)

• Gutter Cat Gang hacked for $750K (Y)

• Ripple CTO warns over $XRP scams amid hype (CT)

• Crypto scams down 77% in H1 2023 (CT)

• Crypto Hack Roundup: Multichain’s long gone $228M (BiS)

• Stader Labs debuts Ether staking product with 6% yield (CD)

• Another ZK rollup added to mainnet (BW)

• Starbucks is teaming up with NFT project Aku (CD)

• 7/11 follows Starbucks with digital Slurpee on Polygon (@S4mmyEth)

• ETH breaks $2,000 🚀

• Coinbase adds direct messaging capabilities to crypto wallet (CD)

• MicroStrategy will only need to liquidate in extreme corrections (CD)

• Bitcoin liquidations drop to lowest since April (CD)

• Circle cuts jobs and reduces investments (P)

• AI can move bitcoin with lightning labs tools (D)

• Hedera surpasses 14B transactions (HTXN)

• Evidence of Craig Wright being Satoshi Nakamoto (F)

• What is ETH’s data availability problem? (CD)

• How to pay merchants on telegram in Bitcoin (D)

• Craig Wright’s background & involvement with Bitcoin (IPDA)

• Summer 2023 Reading List (@a16zcrypto)

• A16Z crypto Startup School educational topics (@a16zcrypto)

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