XRP Jumps 17%, Beating Bitcoin Gains, as Ripple-SEC Case Ends

Trading volumes nearly tripled and open interest on XRP-tracked futures jumped $200 million in the past 24 hours.Source

Bitcoin Faces Risk From ‘Maxed Out’ U.S. Consumers, Analyst Says

U.S. consumers are accumulating debt at a slower rate, data released Wednesday showed.Source

FTX, Alameda Ordered to Pay $12.7B to Creditors by U.S. Judge

United States District Judge Peter Castel passed the approval on August 7, a filing shows. It did not seek a civil monetary penalty.Source

Kamala Harris, Donald Trump Tied on Polymarket on Who Will Be The Next U.S. President

Donald Trump’s chances of winning the 2024 election have declined 13 percentage points in the last month.Source

Did Sanctioning Tornado Cash Work?

Sanctions are an effort to throw the weight of the U.S. dollar around to tamp down on activities the U.S. government thinks may be harmful – like money laundering to fund terror groups or rogue nations. The New York Federal Reserve thinks they had a real effect in crypto.Source

Brazil’s Securities and Exchange Commission Approves Solana-Based ETF

The Brazilian Securities and Exchange Commission (CVM) has approved a Solana-based exchange-traded fund (ETF), the agency disclosed in its central database.Source

Judge Fines Ripple $125M, Bans Future Securities Law Violations in Long-Running SEC Case

A federal judge ordered Ripple to pay $125 million in civil penalties and imposed an injunction against future securities law violations on Wednesday.Source

Crypto Turns Broadly Lower in U.S. Afternoon Trade as Stocks Give Away Gains

An overnight bounce following dovish remarks from the Bank of Japan has failed to hold.Source

Brazilian Civil Police Dismantles Crypto Laundering Scheme Employed by Drug Gang

The Civil Police of São Paulo, Brazil, dismantled a money laundering scheme managed by the drug gang First Capital Command (PCC) that operated a company operating as a crypto exchange, the police said on X (formerly Twitter) on Tuesday.Source

The Protocol: Death Cross, Dip Buying and Developer Nerves

Bitcoin swooned, and crypto markets followed. Should blockchain-project founders and developers be worried? PLUS: We break down Ronin Network’s $12 million run-in with white-hat hackers.Source