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- 2024-06-17
2024-06-17
Fernando Fierro
June 17, 2024
Howdy folks,
💥💼 The SEC and Ripple Labs are locked in a fierce legal battle over a massive fine related to XRP's classification as an unregistered security.
Ripple is contesting the $2 billion penalty, arguing it should be significantly lower, referencing the recent Terraform Labs settlement.
The SEC stands firm, citing key differences and emphasizing the impact of each case on investors.
In other news:
📈🗓️ Investor excitement is building as Ethereum ETFs are predicted to launch by early July. Positive feedback from the SEC suggests a faster approval process, potentially bringing these ETFs to market sooner than expected.
Analysts are optimistic, though some question if Ethereum ETFs will match the demand of their Bitcoin counterparts.
🔗🚨 Binance's chief financial crime officer, Tigran Gambaryan, remains detained in Nigeria after more than 100 days. His incarceration stems from regulatory tensions and alleged money laundering charges against the exchange.
Despite recent favorable rulings, Gambaryan's situation highlights the intense scrutiny Binance faces globally.
📊🔒 Binance is listing ZKsync (ZK) tokens and launching a distribution program to address community concerns. The program aims to prevent Sybil attacks and ensure fair token distribution.
Eligible Binance users will receive a share of 10.5 million ZK tokens, with the initiative beginning on June 25.
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