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SEC Appeals Ripple Case, Crypto Prices Plummet, and EU Introduces Bitcoin ETF: Hodler's Digest, August 13-19

SEC Appeals Ripple Case, Crypto Prices Plummet, and EU Introduces Bitcoin ETF: Hodler’s Digest, August 13-19

– The SEC has been granted permission to file a motion for an appeal in its case against Ripple Labs.

– The Bitcoin and Ether price slump led to billions of dollars in liquidations for derivative traders.

– El Salvador’s adoption of Bitcoin as legal tender has resulted in a 70% return on its dollar bond.

– Europe’s first spot Bitcoin ETF has launched on the Euronext Amsterdam exchange.

– Coinbase has received approval from the NFA to offer Bitcoin and Ether futures in the US.

– The top gainers of the week among the biggest 100 cryptocurrencies are Sei, THORChain, and Akash Network.

– The top losers of the week are Conflux, Compound, and Litecoin.

– Bitcoin is at $26,031, Ether is at $1,660, and XRP is at $0.50.

– The FBI has seized almost $2 million worth of crypto assets in three months.

– There are concerns about bridge issues and asset losses in the Shibarium network.

– SwirlLend has carried out a rug pull on Coinbase’s layer 2 Base, resulting in a loss of funds.

– There are debates about whether ransomware payments should be banned.

– The question of whether the NSA created Bitcoin is raised.

– China’s crackdown on crypto projects and holders continues, and the digital yuan is being used for airdrops.

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