U.Today – Top Crypto News Stories

Crypto Industry Could Experience “Ripple Effect,” Top Expert Says

In his recent article for Bloomberg, prominent legal reporter Chris Dolmetsch noted that the Ripple case “bodes well” for the broader crypto industry. Ripple has to pay $125 million in penalties to the SEC, a significant reduction from the requested $2 billion. Dolmetsch mentions that the case isn’t over, as the SEC could appeal. The ruling may influence upcoming cryptocurrency lawsuits, possibly benefiting Coinbase in its legal confrontation with the SEC.

Shiba Inu Launches On-Ramp Feature with Visa and Mastercard

Shiba Inu has announced that BONE and Circle’s USDC can now be purchased with fiat currencies via Visa and Mastercard on Shibarium. This integration aims to bridge traditional finance with digital assets, making the BONE token more accessible. The on-ramp services for USDC will simplify entry into the Shiba Inu ecosystem for newcomers.

Goldman Sachs Reveals Massive Bitcoin ETF Holdings

Goldman Sachs has reported holding $419 million in Bitcoin ETFs in a recent 13F filing to the SEC. The major portion, $239 million, is from BlackRock’s iShares Bitcoin Trust. Goldman also holds shares in other Bitcoin products but has not yet embraced cryptocurrencies fully, with CIO Sharmin Mossavar-Rahmani expressing skepticism about their status as an investment class.

*This article was originally published on U.Today.