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• 🥉 Third Largest BTC Holder

• 🥳 Party After the Verdict

• 🎯 NFT Legal Crossfire

🏹 Robinhood Revealed as Major Bitcoin Holder

In a plot twist worthy of a detective novel, trading platform Robinhood has unveiled its hand as one of the heavy hitters in the Bitcoin realm.

Boasting a whopping $3 billion worth of Bitcoin in one single, mystery-shrouded wallet, Robinhood trails only behind crypto giants Binance and Bitfinex.*Looks at own wallet and cries* 😢Think of it as the financial equivalent of the tortoise inching its way past other racers, given that Arkham Intelligence noted Robinhood's strategic accumulation of about 118,300 Bitcoins over a span of three months.While the crypto community buzzed with whispers, guessing if financial titan BlackRock or exchange Gemini were the masterminds behind this stash, Robinhood played its cards close to its chest.Those behind Robinhood understand the Scandinavian social code of "Janteloven"...in simple terms...don't show off! 🤐Despite their modest reported revenues from crypto trading, this move surely cements Robinhood's significant stake in the digital currency game.

🍹 Ripple Ready to Revel after SEC Legal Win

It's not every day that a crypto firm topples a giant.

In the financial equivalent of David against Goliath, Ripple Labs is setting up a festive mood after their momentous win against the Securities and Exchange Commission (SEC) in the Big Apple.Picture it as the victory lap after a hard-fought race, with a grand party slated for September 29th.Brad Garlinghouse, Ripple's top brass, channeled his inner party planner on social media, hinting at a "proper victory party" in the works.Where's my invite, Brad? 💌But beneath the bubbly, the CEO also reminisced about the legal maze they maneuvered; Judge Analisa Torres gave a nod in Ripple's favor, classifying XRP as a digital asset, not a security.But a sequel awaits – a trial concerning the SEC's allegations against Ripple’s executives is on the horizon for 2024.Let's just hope it's not a box-office flop! 🤞

🎯 SEC Takes Aim at NFT Project Over Unregistered Securities

A digital frontier wild west just saw its first sheriff's intervention.  

For the first time ever, the US Securities and Exchange Commission (SEC) is zeroing in on the world of non-fungible tokens (NFTs)....trying to save face after losing a big battle against Ripple? 🙊The regulator's magnifying glass is focused on Impact Theory, a Los Angeles media company accused of selling NFTs that sneakily resembled unregistered securities.

During a three-month stint in 2021, Impact Theory painted a picture of its NFTs as tickets to their dreamland, much like "building the next Disney."This fairytale, however, was cut short. Without admitting to any wrongdoing, Impact Theory agreed to a $6.1 million settlement and vowed to refund its NFT buyers.The project's venture had previously raked in a whopping $30 million.

SEC's Antonia Apps likened this case to a warning shot, emphasizing that security offerings should always be registered.Interestingly, not all of SEC's captains were on board, with two commissioners suggesting guidelines should've come before gunfights.It's kind of important for justice to come after the laws have been set... right? 🤔

The writing on the wall? The SEC is ready to rope in any unruly NFT projects in future showdowns.

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