The U.S. Securities and Exchange Commission (SEC) has reportedly subpoenaed at least three crypto venture capital firms in 2024. Citing a source familiar with the matter who wished to remain anonymous, DL News reports that three crypto VC firms received identical subpoenas from the SEC requesting any contract of token deals with investors.

SEC Subpoenas Crypto Venture Capital Firms in Potential Enforcement Actions Against Digital Asset Industry: Report

The Motley Fool

XRP's price could soar once it resolves its biggest near-term challenges.

The Ultimate Cryptocurrency to Buy With $1,000

PYMNTS

Despite the decentralized nature of cryptocurrencies and other digital assets, Web3 businesses need banking partners. But on Thursday (Aug. 8), news broke that Pennsylvania-based Customers Bank, one of the only crypto-friendly banks in the U.S., was served with a 13-page regulatory enforcement action by the Federal Reserve related to its digital asset and dollar token activities, highlighting the need for financial institutions (FIs) to balance both innovation and compliance.

Fed Action Against Customers Bank Underscores Crypto’s Ongoing Banking Challenges

After Bitcoin and Ethereum spot ETFs were approved for trading in the United States, multiple fund providers identified Solana as the next big target and filed to offer such crypto ETFs. Following this week's approval of a Solana ETF in Brazil, experts suggest that a U.S. counterpart is sure to come—but when, exactly, remains unclear.

Solana ETFs 'Inevitable' in US After Brazil Approval, Says VanEck Exec

The idea of Bitcoin becoming the reserve asset of the United States poses significant centralization risks for the world’s first cryptocurrency despite being an optimistic price catalyst, according to Charles Hoskinson. Making Bitcoin a reserve asset for the US was recently floated by presidential candidate Robert F. Kennedy Jr.,...

Bitcoin as a US reserve asset is ‘great for price’ but poses significant risks — Charles Hoskinson

While Bitcoin continues to be a fantastic long-term investment, a number of cryptocurrencies could outperform it over the short to medium term. Solana is the leading rival to Ethereum, and could be the next major cryptocurrency to get a spot ETF. Toncoin is a pioneer in the area of tap-to-earn...

Forget Bitcoin: 2 Cryptos I've Got My Eye On In the Second Half of 2024

Crypto community has remained stunned after massive surge in XRP whale activity. Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

60 Million XRP Withdrawal Stuns Major Crypto Exchange

Savannah, GA

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

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Daily Coffee Press

Newly returned indictments in the Southern District of Georgia include felony charges for illegal firearms possession and drug distribution, while additional defendants have been sentenced to federal prison or await further proceedings after pleading guilty to federal gun charges.

Federal Charges in Southern GA: Indictments and Sentences for Firearms and Drug Offenses

A closely followed crypto analyst is warning of a Bitcoin (BTC) collapse if it fails to hold one key support level. In a new video update, crypto strategist Jason Pizzino tells his 332,000 YouTube subscribers that Bitcoin’s bull market could be invalidated if it falls more than 27% from the current value on the weekly chart.

Crypto Analyst Issues Bitcoin Alert, Says There Will Be ‘Pretty Severe Consequences’ if BTC Falls Below This Level

Kentucky State

Northern Kentucky Tribune

Gov. Andy Beshear sent a letter to Anne Milgram, administrator for the U.S. Drug Enforcement Administration (DEA) on Wednesday, expressing his support of the U.S. Department of Health and Human Services’ recommendation that the DEA ease restrictions on marijuana.

Gov. Andy Beshear pens letter to DEA in support of easing federal restrictions on marijuana

As negative market sentiment continues to weigh heavily on Bitcoin, popular crypto analyst and enthusiast Stockmoney Lizards voiced his insights on this pessimistic view, providing key objectives to look out for in these turbulent times. These propositions aim to recuperate investors’ resiliency and focus despite growing uncertainty due to market instability and unfavorable trends.

Navigating The Bitcoin Bear: Analyst Outlines Most Objective Rules For BTC

San Francisco-based cross-border payments company Ripple announced on Friday that it had begun testing its USD-backed stablecoin on its native blockchain, XRP Ledger, and the second largest crypto network, Ethereum (ETH). Ripple revealed earlier this year that it would launch its own stablecoin as it forays into the $160 billion...

XRP Set For $160 Billion Market Shake-up As Ripple Kicks Off Testing Of Its Much-Hyped Stablecoin

Seasoned trader Peter Brandt is warning there’s a 50% chance that Bitcoin (BTC) plummets below $40,000 this cycle. Brandt tells his 734,000 followers on the social media platform X that Bitcoin could possibly plummet more than 35% from its current value before the end of next year. “I believe...

Trader Peter Brandt Issues Bitcoin Alert, Predicts a 50% Chance BTC Falls Below $40,000 – Here’s the Timeline

Florida State

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Akeena

Red Lobster, the popular seafood chain, has confirmed additional closures in Florida, adding to its recent wave of shutdowns following the company’s bankruptcy filing in May. The latest round of closures includes two more Florida locations, highlighting the ongoing struggles of the iconic restaurant chain.

Popular seafood chain announces more closures in Florida

CoinDesk

The notes will pay interest every six months and mature Sept. 1, 2031.

Bitcoin Miner Marathon Digital Plans $250M Private Note Sale to Fund Bitcoin Buying

Ripple Launches RLUSD Stablecoin Private Beta on XRP Ledger and Ethereum Mainnet, Signaling Major Cryptocurrency Market Developments. Amid Ongoing SEC Lawsuit, Ripple Advances with RLUSD Stablecoin Testing, Highlighting Commitment to Enhancing Cross-Border Payment Solutions. Ripple recently initiated private beta testing of its new stablecoin, RLUSD, on both the XRP Ledger...

Ripple Takes on SEC: Unveils Game-Changing Stablecoin Amid Legal Battle!

Georgia State

Appling County, GA

A 40-year-old man from Appling County, Christopher Eric Stone, with a significant criminal history, was recently sentenced to over five years in prison after pleading guilty to possession of methamphetamine with intent to distribute, according to officials from the Department of Justice.

Georgia Man Sentenced to Over 5 Years for in Federal Prison for Meth Distribution

Denver, CO

David Heitz

More dangerous substances are entering the Denver drug supply, Harm Reduction Action Center warned in a newsletter this week. “The Iron Law of Prohibition posits that as law enforcement becomes more intense, the potency of prohibited substances increases,” HRAC Executive Director Lisa Raville wrote in the newsletter. That is exactly what is happening, she said.

Dangerous substances entering Denver drug supply

New York-based financial giant BlackRock has warned about cryptocurrency scams. Financial behemoth BlackRock has issued a warning about cryptocurrency-related scams on its social media account. "We urge caution in dealing with individuals, websites or social media platforms using our brand and offering training or investments," BlackRock said. BlackRock has stressed...

BlackRock Issues Major Crypto Warning

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Coinbase Announces Two New Listings: Details

NewsBreak

Dragonfly, Crypto.com Weigh in on CFTC's Proposed Prediction Market Rules

The CFTC's notice of proposed rulemaking for prediction markets drew various comments from the public, including the crypto industry. Crypto industry stakeholders say the rules are...

Dragonfly, Crypto.com Weigh in on CFTC's Proposed Prediction Market Rules

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