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Another exciting week for crypto is in the books, with XRP's recent price surge sparking speculation about a potential settlement between Ripple and the SEC. Meanwhile, the SEC might pause its claims that SOL, ADA, and MATIC are unregistered securities, and 21Shares has integrated Chainlink Proof of Reserve to enhance transparency for its Ethereum ETF. Let's dive into the top crypto news stories of the week!
The former CEO of crypto platform Uphold, J.P. Thieriot, is trying to drum up crypto support for Vice President Kamala Harris as she pursues the Democratic nomination in the presidential election, arguing that former President Donald Trump is offering empty promises to the industry and Harris is signaling a new openness.
Market participants flocked to small-cap stocks in July as they looked to get ahead of a string of interest-rate cuts that could come as soon as September. The Dow is down about 454 points, or 1.1%. The Nasdaq Composite is down 1.3%.
The crypto market pulled back from the first-quarter's record highs during the three-month period.
A Montenegrin appeals court on Thursday upheld a ruling by a lower court to hand over a South Korean mogul known as “the cryptocurrency king” to his native country, rejecting a bid to extradite him to the United States. The move follows a months-long legal saga in the case of Do Kwon, the Terraform Labs founder who was arrested in Montenegro last year. Both South Korea and the U.S. had requested Do Kwon’s extradition from Montenegro.