Updated: July 2023
Reading Time: 3 minutes
Crypto News Highlights
1. Will the Ripple Case Have Further Developments? Key Perspectives
The landmark 3-year legal battle between Ripple Labs and the U.S. SEC concluded with a favorable ruling for XRP. Here’s what industry leaders and regulators think:
- Brad Garlinghouse (Ripple CEO): Confident the SEC won’t appeal soon, citing the judge’s clarity that "XRP is largely not a security."
"The裁决 underscores transparency in crypto regulation." - John Reed Stark (Ex-SEC Official): Criticizes the loophole allowing less-informed retail traders to bypass securities laws.
"Less accountability for散户 investors sets a dangerous precedent." - Senator Cynthia Lummis: Views the case as a catalyst for clearer U.S. crypto regulations prioritizing consumer protection.
📈 XRP Price: $0.76 (+6.2% in 24h; +61% weekly)
2. BlackRock CEO’s Bold Prediction: Crypto Valuations to Surpass Fiat
Larry Fink (BlackRock CEO) doubled down on his pro-crypto stance, declaring:
- Crypto’s "international nature" will drive valuations beyond fiat currencies.
- Bitcoin ETFs are essential for "democratizing access" to digital assets.
🔗 Read the full Forbes interview
3. Dune Analytics Founder Slams Airdrops: "No Long-Term Value"
Hagaetc.etc (Dune Analytics founder) publicly rejected crypto airdrops, citing:
- Creation of short-term "pseudo-communities."
- High costs from liquidity farmers.
- Zero sustainable benefits.
🚫 No future airdrops planned for Dune.
Additional Crypto Updates
- VC Funding Plunge: Galaxy Research reports a 33% YoY drop in crypto VC investments ($200M in Q2 2023).
- MakerDAO’s MKR Buyback: Spent 620K DAI to repurchase 620 MKR tokens ($1K均价).
FAQ
Q: Could the SEC still appeal the Ripple ruling?
A: Possible, but experts like Garlinghouse believe any appeal would take years.
Q: What sectors attracted the most VC funding?
A: Exchanges, lending, and investment projects outpaced NFTs, Web3 gaming, and DAOs.
Q: Why does BlackRock push for Bitcoin ETFs?
A: To bridge institutional and retail investors into crypto markets.
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