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Ripped

The Crypto Catch-up…

Snacks / Friday, July 14, 2023

⚖️ Judgy… A judge ruled that Ripple's XRP was not a security when sold to the public. The first-of-its-kind ruling is seen as a potential blow to the SEC’s position that most cryptos are securities.

🤔 Sus… Law enforcement arrested former Celsius CEO Alex Mashinsky, saying he misled customers and tried to manipulate crypto prices. Crypto lender Celsius, which imploded last year while owing customers billions, agreed to pay a $4.7B settlement.

🌶️ Spicy… Analytics company Arkham Intelligence said it’ll launch a marketplace to “deanonymize the blockchain” and help crypto police itself (critics called it “dox to earn”). $300M+ in digi assets were stolen last quarter.

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