A federal judge ordered Ripple to pay $125 million in civil penalties and imposed an injunction against future securities law violations on Wednesday. Source: https://www.coindesk.com/policy/2024/08/07/judge-fines-ripple-125m-bans-future-securities-law-violations-in-long-running-sec-case/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

An overnight bounce following dovish remarks from the Bank of Japan has failed to hold. Source: https://www.coindesk.com/markets/2024/08/07/crypto-turns-broadly-lower-in-us-afternoon-trade-as-stocks-give-away-gains/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The Civil Police of São Paulo, Brazil, dismantled a money laundering scheme managed by the drug gang First Capital Command (PCC) that operated a company operating as a crypto …

Tokenized private funds primed for adoption as the industry has seen with short-term liquidity products, says Peter Gaffney, vice president, business development & strategy at Blue Water Financial Technologies …

Solana and its ecosystem tokens look attractive compared to other altcoins and is a “clear option if looking for longs” after the market turmoil, a K33 Research analyst said. …

The Federal Reserve Bank of New York published a report Wednesday morning assessing the effect sanctions had on Tornado Cash. Source: https://www.coindesk.com/policy/2024/08/07/ethereum-entities-largely-complied-with-tornado-cash-sanctions-ny-fed-paper-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

In November 2020, Chinese authorities seized almost $4 billion worth of various tokens, including ETH, bitcoin (BTC), dogecoin (DOGE), xrp (XRP), among others. Source: https://www.coindesk.com/markets/2024/08/07/long-dormant-wallets-tied-to-2b-plustoken-china-ponzi-moves-28k-ether/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 7, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the …

According to a blockchain data tracking service, Jump Trading has moved large amounts of ether to an address previously used to deposit coins to centralized exchanges. Source: https://www.coindesk.com/business/2024/08/07/jump-trading-allegedly-moves-29m-in-eth-as-ether-tops-25k/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Technology should transcend the political divide, Coinbase’s Chief Legal Officer says. Source: https://www.coindesk.com/policy/2024/08/07/coinbases-paul-grewal-says-crypto-should-remain-non-partisan/?utm_medium=referral&utm_source=rss&utm_campaign=headlines