Ether and other major cryptos are swept upward in a banner day for crypto markets. PLUS: While the number of large bitcoin holders increases, bitcoin sent to exchanges continues …

Source: https://www.coindesk.com/consensus-magazine/2023/07/13/why-crypto-companies-are-warming-to-the-united-arab-emirates/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The bankrupt crypto lender was given permission to convert its roughly $170 million altcoin stash to BTC and ETH. Source: https://www.coindesk.com/markets/2023/07/13/celsius-moves-64m-in-link-matic-aave-and-altcoins-following-court-permission-to-sell-tokens/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The investor in early-stage crypto companies has remained one of the most active investors in the space despite a bear market and the collapses of FTX and three banks. …

Nexo says its former managing partner left with a hardware wallet full of the company’s crypto. Source: https://www.coindesk.com/consensus-magazine/2023/07/13/nexo-in-court-with-a-co-founder-over-12m-in-missing-assets/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

U.S. federal court ruled on Thursday that sale of XRP tokens on exchanges and through algorithms did not constitute investment contracts. Source: https://www.coindesk.com/markets/2023/07/13/crypto-exchange-gemini-may-relist-xrp-token-after-court-ruling/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The rapidly growing TUSD, favored by crypto exchange Binance, poses risk to the market, according to the crypto research firm. Source: https://www.coindesk.com/markets/2023/07/13/crypto-markets-highly-dependent-on-stablecoins-lacking-transparency-tusd-poses-risk-kaiko/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The Coinbase CEO created a Twitter poll posing the question, and a whopping 9% of respondents said “yes.” Source: https://www.coindesk.com/business/2023/07/13/brian-armstrong-asks-twitter-followers-if-their-bofa-accounts-were-closed-because-of-coinbase-transactions/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The percentage of funds with crypto exposure fell to 29% from 37% in the past year, though no traditional hedge funds plan to decrease their exposure in 2023. Source: …

With funding from the foundation that oversees development of the Metis layer-2 Ethereum protocol, ZKM is developing a hybrid approach that combines Optmistic and Zero-Knowledge rollups into one. Source: …