Newsletter on August 9
• Harvard University invests 117 million USD in Bitcoin ETF: This is a notable move in the participation of large organizations in the crypto market.
• Ripple agrees to settle lawsuit with SEC: Ripple has spent 200 million USD to acquire the stablecoin company Rail to settle the lawsuit with the U.S. Securities and Exchange Commission (SEC).
• Bitcoin price continues to surge: Buying pressure from retail investors ("Shrimp") has increased significantly, with nearly 10,000 BTC added to wallets in just one week.
• Ethereum (ETH) hits 4,000 dollars: This is the first time ETH has reached this level since December 2024.
• Ripple wins lawsuit: XRP price skyrockets: The price of XRP has increased by more than 10% after Ripple and SEC agreed to drop legal appeals.