Key market and institutional news:
The company Tether submitted a large application to purchase the football club "Juventus" for €1.1 billion, demonstrating the desire of crypto companies to expand their influence beyond the industry.
Founder of Terraform Labs Do Kwon has been sentenced to 15 years in prison for fraud related to the collapse of TerraUSD/LUNA and losses of ~$40 billion — the largest charge in crypto fraud history.
The US regulator (OCC) has preliminarily approved crypto companies to launch national trust banks, including Ripple and Circle, which will be a step towards closer integration of digital assets into the banking system.
Institutional investments in XRP ETF exceeded $1 billion, but the price is still stagnant — perhaps market participants are hedging risks or delaying actions.
The SEC released guidance on the risks of crypto wallets and asset storage, emphasizing the security of retail investors.
#BTC #xrp #ETH #USDT #MSMannanov
