The Crypto Compass Issue #28

XRP up 35% after judge's ripple case ruling!? Read it in our weekly newsletter now! Brought to you by BitcoinWalletSG.

Hey Friends!

Welcome back to another edition of The Crypto Compass, your reliable beacon in the ever-changing crypto universe.

Ripple Regains a Foothold on Coinbase

In a recent ruling, the judge presiding over the SEC vs. Ripple case has granted Ripple a significant win by permitting the platform to question a former SEC official about the agency's internal crypto regulations. This ruling represents a crucial development, potentially paving the way for XRP to be relisted on Coinbase and other major exchanges. We'll keep an eye on this story as it unfolds.

Post-Ruling Altcoin Pump

Following the positive Ripple ruling, altcoins like XRP experienced a significant price surge, illustrating the market's sensitivity to regulatory news. XRP, in particular, saw a notable pump, reinvigorating interest in the asset. Remember, however, that while news-driven pumps can offer substantial gains, they can also be volatile and unpredictable.

G20 Regulatory Recommendations for the Crypto Industry

The G20's Financial Stability Board has issued nine regulatory recommendations aimed at reining in the crypto industry. These recommendations cover a broad spectrum, from improved cross-border payments to enhanced coordination among regulatory authorities. It’s a reminder of the increasing scrutiny the crypto industry faces, emphasizing the need for a comprehensive global regulatory framework.

Final Thoughts

From courtroom victories to global regulatory recommendations and the effects of these events on market dynamics, this week had its fair share of intriguing developments. As always, we'll continue to chart these ever-changing waters together, providing you with the most relevant updates in the crypto world.

Stay tuned for next week's edition of The Crypto Compass, and as always, feel free to reach out with any questions or comments.

Best,
Punk5558

Highlights

Hardware Wallet Travel Case

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Notable News

Landmark XRP ruling could force SEC to settle with Coinbase, says securities law professor

Securities law professor unpacks the recent XRP verdict and the implications it could have for Coinbase's case against the SEC.

www.theblock.co/post/239790/ripple-sec-coinbase

XRP, altcoins make explosive gains after judge’s Ripple case ruling

Ripple's XRP stood at about $0.60 on Thursday at 1 pm ET, up 3.3% in the last hour, with ETH, SOL and ADA among others seeing gains.

blockworks.co/news/xrp-altcoins-pump-post-ruling

Regulatory News

On-chain monitoring ‘holistic risk management’ for banks, Singapore central bank says

Earlier this month, the Monetary Authority of Singapore revealed its plans to crack down on crypto staking services.

blockworks.co/news/on-chain-monitoring-risk-management

G20 Body Issues 9 Regulatory Recommendations to Rein in Crypto Industry - Decrypt

The FSB said it had taken into account events of the past year, including the collapse of FTX and Terra, in its newest recommendations.

decrypt.co/148873/g20-body-issues-9-regulatory-recommendations-rein-crypto-industry

Tech News

Chainlink's Interoperability Protocol, Connecting Blockchains to ‘Bank Chains,’ Goes Live

This is the launch of the standard that could connect all of the blockchains and all of the bank chains, Sergey Nazarov said in an interview with CoinDesk.

www.coindesk.com/tech/2023/07/17/chainlinks-interoperability-protocol-connecting-blockchains-to-bank-chains-goes-live

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