);)
Eleni Tarelli, a cryptocurrency specialist reporter for Fox Business, reported on her X account on the 13th that the appeal between Ripple and the U.S. Securities and Exchange Commission (SEC), which began in January this year, will also be completed soon. He explained that the reason the Ripple and SEC lawsuit led to an appeal was that Ripple refused the SEC's proposed conditions of a fine and a ban on selling XRP to institutional investors. He claimed that the new SEC leadership is not convinced of Ripple's criminal acts and that Ripple is likely to reach an agreement with the SEC on the conditions it wants.
2. US CBOE BZX Exchange Requests Approval to List Solana Spot ETF
The CBOE BZX Exchange, a subsidiary of the Chicago Board Options Exchange (CBOE), has requested SEC approval to list a Solana (SOL) spot exchange-traded fund (ETF). According to the ETF application '19b-4' submitted to the SEC by the BZX Exchange on the 12th, the BZX Exchange has requested the listing of the Solana spot ETF designed by Franklin Templeton, as well as providing ETF investors with Solana staking investment returns through the ETF.
3. Cryptoquant "On-chain data predicts Bitcoin downturn"
The on-chain analysis platform Cryptoquant reported in a report released on the 12th that Bitcoin (BTC) could soon face a downturn, citing Bitcoin's 'Market Value to Realized Value (MVRV)'. Cryptoquant explained that Bitcoin's MVRV has decreased below the 365-day average, which is a signal that appears before a sharp correction or a long-term downtrend.
4. Russia "Soon to allow cryptocurrency trading for selected investors"
The Central Bank of Russia announced that it will conduct an experiment to allow cryptocurrency trading for a select group of investors for about 3 years. The Central Bank of Russia announced in an official statement on the 12th that as part of establishing cryptocurrency regulations, it plans to allow cryptocurrency trading for selected investors.
5. US Congressman "Should accept stablecoins and ban CBDC"
Tom Emmer, a Republican Congressman, argued in a speech at a U.S. House Financial Services Committee hearing on the 12th that the U.S. government should ban CBDC within the U.S. to protect the financial freedom and privacy of citizens, while accepting stablecoins for payment utility.
Reporter Kwon Seung-won ksw@blockstreet.co.kr
