Top Crypto Headlines

1. Ripple & SEC Settlement

The long-standing lawsuit between the SEC and Ripple Labs has been dismissed—but Ripple must still pay a $125 million fine, and both parties have dropped their appeals. This effectively closes one of the biggest legal battles in crypto history.

2. $ETH and $BTC Market Momentum

Bitcoin recently surged above $118,000, signaling strong bullish sentiment.

Ethereum has broken past the $4,000 resistance with a 6.6% rally in just 24 hours. $326 million flowed into U.S. spot ETH ETFs this week, totaling nearly $9.8 billion over 14 weeks—a key driver of its surge.

Large ETH holders are showing mixed behavior—some accumulating, others taking profits, indicating divergent market sentiment.

3. Washington Embraces Crypto in Retirement

On August 7, former President Donald Trump signed an executive order to allow cryptocurrencies, private equity, and real estate assets in 401(k) retirement plans. This opens the door for traditional retirement funds to include crypto—a major policy shift.

4. Standard Chartered’s Stablecoin Push

Standard Chartered, alongside Animoca Brands and HKT, has formed Anchorpoint Financial—a joint venture aimed at issuing stablecoins in Hong Kong. This follows the city’s new stablecoin licensing regime, with initial licenses expected next year.

5. Tornado Cash Developer Trial Update

Roman Storm, co-developer of Tornado Cash, faced a partial mistrial in a U.S. court over charges including money laundering. He was convicted for operating an unlicensed money-transmitting business and now faces up to five years in prison, though other charges remain unresolved.