As part of its reorganisation strategy, insolvent crypto lending platform Celsius has recently received the green light from the court to swap over its altcoin holdings into Bitcoin and Ethereum. The move comes as Celsius aims to reorganize its assets and navigate its financial challenges. According to reports, the now-defunct platform has transferred sizeable amounts of its holdings to stablecoin […]

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. This week, Finance Redefined looks at the growing popularity of zero-knowledge proof-based scalable solutions. Zero-knowledge rollups (ZK-rollups) technology has gained a lot of traction over the past year thanks to its increased […]

The last 24 hours have been more than interesting for crypto investors across the globe. Thursday, July 13, saw one of the most important lawsuits in the history of the industry come to an end, and the ruling in favor of Ripple triggered a massive rally. As digital assets across the space recorded double-digit gains, liquidation volumes climbed quickly, now […]

Prominent legal expert, Bill Morgan, recently ignited a debate surrounding the implications of a judge’s recent decision concerning Ripple’s On-Demand Liquidity (ODL). A Clash of Perspectives Morgan highlighted his concerns via a tweet, where he flagged an inconsistency in the judge’s perspective. According to the legal stalwart, the judge’s view of institutional sales failed to align with the fact that […]

The Bitcoin price tagged a new yearly high yesterday at $31,840, leaving market participants wondering about the driving forces behind this bullish momentum. The Power of Economic Indicators One of the crucial factors contributing to Bitcoin’s upward trajectory was the release of the United States Producer Price Index (PPI) data. The latest figures revealed a significant slowdown in inflation, with […]

Ripple (XRP) has now become the fourth largest cryptocurrency by market capitalization after Ripple Labs’ partial victory over the Securities and Exchange Commission (SEC) on July 13.  Mere hours after the ruling, XRP market cap surged a whopping $21.2 billion to reach a new yearly high of $46.1 billion, pushing it up from the 7th position to beat out Circle’s USD […]

Australian-based crypto investment firm Monochrome Asset Management has updated its application to offer a spot Bitcoin (BTC) exchange-traded fund (ETF) on the Australian Securities Exchange (ASX) through its partner Vasco Trustees. The ETF — Monochrome Bitcoin ETF — will be able to offer retail Australian investors direct exposure to Bitcoin and Ether (ETH), according to the firm’s July 14 announcement. Speaking to Cointelegraph, […]

Ripple Labs’ split-decision victory against the United States securities regulator is being seen as a significant blow to the regulator’s “war on crypto,” however, crypto lawyers warn it isn’t a definitive victory for the industry. In a landmark ruling on July 13, Judge Torres determined that XRP (XRP) is not a security — at least when sold to the general […]

Coinbase’s Base mainnet is now “open for builders,” according to a July 13 blog post from the network’s development team. The team is opening the network to builders ahead of its public launch to allow more time  for user onboarding. Base also announced that the public launch of the network will occur in August. Coinbase announced the creation of the Base […]