Stay updated with U.Today’s top three news stories from the previous day to get the latest insights into the crypto industry.
Crypto Industry Prepares for Ripple Effect, Expert Predicts
In a recent article for Bloomberg, legal expert Chris Dolmetsch highlighted the potential implications of the Ripple case on the broader crypto industry. Following the final judgment that required Ripple to pay $125 million in penalties to the SEC, Dolmetsch stated that this outcome could set a precedent for future cryptocurrency lawsuits. While the case may still face appeals from the SEC, the ruling has already sparked discussions on how similar legal battles will be handled in the future. Analysts suggest that companies like Coinbase could benefit from this development in their own legal disputes with regulatory authorities.
Shiba Inu Integrates Visa and Mastercard for On-Ramp Feature
The Shibarium Network X has announced the launch of on-ramp features with Visa and Mastercard, allowing users to purchase BONE and Circle’s USDC with fiat currencies. This integration aims to make digital assets more accessible to a wider audience by bridging the gap between traditional finance and cryptocurrencies. With the addition of Visa and Mastercard support, Shiba Inu hopes to see increased growth and adoption of the BONE token, as well as easier entry for newcomers into the Shiba Inu ecosystem.
Goldman Sachs Reveals Massive Bitcoin ETF Holdings
According to a recent filing with the SEC, Goldman Sachs has disclosed holdings of $419 million in Bitcoin exchange-traded funds (ETFs). The majority of this amount is tied to BlackRock’s iShares Bitcoin Trust (IBIT), along with other products like Fidelity Wise Origin Bitcoin and Grayscale Bitcoin Trust. Despite its significant ETF investments, Goldman Sachs remains cautious about cryptocurrencies, with CIO Sharmin Mossavar-Rahmani expressing skepticism about them as an investment class.
Overall, these developments in the crypto industry, including the Ripple case outcome, Shiba Inu’s integration with Visa and Mastercard, and Goldman Sachs’ massive ETF holdings, signal a shifting landscape for digital assets. Investors and enthusiasts should stay informed about these changes to make informed decisions about their financial strategies.
