DmitrySP

@dmitriy138

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Ripple Triumphs Over SEC, XRP Surges Legal Fight Concludes: On March 19, 2025, Ripple CEO Brad Garlinghouse announced, "This case has ended," marking the close of a 4-year legal battle with the SEC. It began in December 2020 when the SEC sued Ripple, alleging $1.3 billion in unregistered XRP sales. Garlinghouse hailed the resolution as a victory after years of contention. XRP Price Soars: Following the announcement on March 19, 2025, XRP’s price surged over 8%, climbing above $2.50. Garlinghouse called the SEC’s case "doomed from the start" and part of a "war on crypto," noting it wasted time and resources. The price jump reflects market confidence in Ripple’s win.

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🌟 Vitalik Buterin's Support for Developers Vitalik Buterin's Donations: Ethereum co-founder Vitalik Buterin donated 100 ETH, worth $340,000, in two installments of 50 ETH to support Tornado Cash developers Roman Storm and Alexey Pertsev, aiding their legal defense efforts. Legal Challenges Developers Face: Pertsev was arrested in 2022 and sentenced to 5 years for money laundering in 2024, while Storm's trial is set for April 14, 2024. U.S. prosecutors also charged Roman Semenov, who remains at large.

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🚀 Google Unveils Willow: A Quantum Breakthrough Introducing Google's Quantum Chip: Google has introduced Willow, a 105-qubit quantum chip capable of solving problems in under 5 minutes, tasks that would take supercomputers billions of years. It advances error correction for reliable quantum computing. Significance of Quantum Progress: Error reduction in quantum systems, a key focus of Willow, allows stable quantum states. This paves the way for breakthroughs in fields like drug discovery, climate modeling, and AI development, making quantum technology practical.

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📈 Saylor Advocates Bitcoin Investment Saylor's Bitcoin Pitch: On December 1st, Michael Saylor, Chairman of MicroStrategy $MSTR, presented to Microsoft's $MSFT board, advocating for a Bitcoin $BTC investment strategy. He stressed its potential to significantly boost Microsoft's market value. Projected Financial Gains: Saylor predicted this approach could add $584 per share to Microsoft stock and grow its market cap by $4.9 trillion over 10 years, assuming Bitcoin's value hits $1.7 million by 2034.

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📈 SEC Engages on Solana ETF Applications SEC Progress on Solana ETFs: The SEC is "engaging" on S-1 applications for Solana ETFs, per journalist Eleanor Terrett. Firms like VanEck and Bitwise filed applications as optimism rises for approval in 2025. Past Filings and Challenges: Earlier filings were withdrawn, as the SEC under Gary Gensler hesitated to approve Solana ETFs. Bloomberg’s Eric Balchunas notes lawsuits about Solana’s security status may delay progress.

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📈 Crypto Rally Follows Trump Victory Markets and Bitcoin Surge: U.S. markets closed significantly higher after Donald Trump’s election win over Kamala Harris. The Dow rose 3.5% to 43,729.93, S&P 500 up 2.5% at 5,929.04, and Nasdaq gained 2.9%. Bitcoin reached ~$76,000, a 9.8% increase and new all-time-high. Crypto Stocks See Major Gains: Coinbase shares soared by 31%, along with gains in bitcoin miners like Cipher Mining and Riot Platforms, each up more than 30%. Coinbase's Chief Legal Officer Paul Grewal urged, "Stop suing crypto. Start talking to crypto. Initiate rulemaking now."

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🚀 Ethereum's EIP-7781: Faster Transactions on the Horizon Reducing Block Time for Efficiency: Ethereum's latest proposal, EIP-7781, seeks to reduce block time from 12 seconds to 8, increasing transaction throughput by 50%. Introduced by Ben Adams on October 5, 2024, this change aims to speed up network performance. Impact on Solo Stakers: The proposal raises concerns about solo stakers needing more advanced hardware to keep up with faster processing, risking decentralization. Developer Adam Cochran called for further testing to ensure these users are not left behind.

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🔗 Changpeng Zhao Released Early Early Release for Zhao: Changpeng Zhao, Binance’s former CEO, was released on Friday, two days earlier than planned. Zhao was sentenced to four months and fined $50 million in a case involving anti-money laundering program violations. Zhao's Ongoing Legal Battles: The U.S. Justice Department had sought a longer 36-month imprisonment. Binance, which paid $4.3 billion in penalties, continues to face a lawsuit from the SEC for regulatory violations and misleading customers.

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Onchain Daily Icon Explores | Spring '24 by @base on @rodeodotclub

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