Crypto World sees Major Shifts: From Identity concerns to Legal resolutions
The crypto industry witnessed significant changes this week. Vitalik Buterin, co-founder of Ethereum, voiced concerns about Worldcoin’s digital identity project. he worries it might compromise user privacy.Worldcoin, backed by Sam altman, claims over 13 million verified users.Buterin highlighted risks related to zero-knowledge proofs,which could affect user anonymity.
Ripple’s long legal battle with the SEC is finally ending. Ripple CEO Brad Garlinghouse announced they will withdraw their cross-appeal. The SEC is expected to do the same. Garlinghouse emphasized Ripple’s focus on building the “Internet of Value.”
Robinhood introduced micro crypto futures for XRP, Solana, and Bitcoin. This move allows smaller investors to trade with smaller positions. Meanwhile, Bakkt filed for a $1 billion securities offering. This capital will support Bitcoin treasury expansion. Ripple and the SEC are closing their dispute. Garlinghouse stated Ripple is ready to move forward.
Metaplanet,a Japanese firm,made a massive Bitcoin purchase. They bought 1,234 BTC, worth nearly $132 million. This step aims to attract more retail investors.
Other firms are also making moves. Kraken launched a peer-to-peer payments app called Krak.They also got an EU license to operate under MiCA regulations. SoFi is returning to crypto trading. Users can soon trade Bitcoin and ethereum on their platform.
SharpLink Gaming, a marketing firm, bought 12,207 ETH for about $30.7 million. Ledger, a crypto wallet company, partnered with the San Antonio Spurs. Their logo will appear on the team’s jersey. Procap, Anthony Pompliano’s new company, acquired it’s first 3,724 BTC. The company plans to hold $1 billion in Bitcoin. Texas became the third U.S. state to establish a Bitcoin reserve. The state aims to hedge against inflation.
Key points include:
- Robinhood added micro futures for XRP, SOL, and BTC.
- RippleX upgraded its network with version
