Top 10 Crypto Updates Bitcoin , XRP , EFT, Steller, ADA, SOL, Defi

 “Crypto has been relatively flat following a stream of good news,” Nick Ruck, the chief operating officer of Singapore-based blockchain infrastructure platform ContentFi Labs, said in emailed comments. “The Bitcoin ETF news has been priced in and the market is waiting to see the financial products in action.”

1. The world’s largest asset manager, BlackRock and several other U.S. financial institutions started filing applications for Spot Bitcoin ETFs from mid-June, helping move Bitcoin’s price north of US$31,500 at one stage last week.
2. Ruck added that the U.S. court ruling last week in favor of Ripple Labs and its XRP token also helped drive the price gains, but the case isn’t the end of the regulatory war since the SEC can appeal the case to a higher court.
3. Adrian Wang, the chief executive officer of Hong Kong-based digital asset manager Metalpha, agreed the optimism around XRP and ETFs looked to have run out of steam. He added in emailed comments that XRP had only a partial victory as the district court said “institutional sales of the tokens violated federal securities laws.”
4. Blockchain-based payment platform Stellar Lumens' XLM was recently trading above 15 cents, up 18% over the past 24 hours. The token last hit those lofty heights a week ago when it doubled in price, part of a crypto market surge that followed Ripple's partial victory in a long-running legal feud with the Securities and Exchange Commission, before sinking in the ensuing days. At the start of the week, XLM was trading just above 13 cents.
5. Ripple's XRP, the third largest crypto by market capitalization, was recently changing hands above 82 cents, up 6.8% from Tuesday, same time. XRP has held most of its gains since last Thursday. The CoinDesk Market Index, a measure of crypto markets performance, was recently trading up 0.5%.
6. ADA and SOL, the native cryptos of smart contracts platforms Cardano and Solana, rose over 6% at certain points, far outstripping bitcoin and ether, which slogged through another dispiriting day of little price movement. Bitcoin was recently trading at $28,877, roughly flat over the previous day. Ether had edged down the better part of a percentage point to trade just below $1,900.
7. The U.K. Financial Conduct Authority (FCA) is not swayed by the size of crypto companies when granting regulatory approval, its CEO Nikhil Rathi told lawmakers at a Treasury Select Committee hearing on Wednesday.
8. Exchange operator Nasdaq today said it was halting its plans to launch a digital assets custodian service, citing the current regulatory environment in the States.
9. The U.S. Senate is poised to take another crack at regulating the crypto industry with a new bill that would place stringent anti-money laundering (AML) requirements on decentralized finance (DeFi) protocols.
10. Lead investors in the round are crypto-focused Polychain Capital and China-focused venture firm Qiming Venture Partners, which has built a reputation in web3 for backing projects like the imToken wallet and web3 infrastructure platform InfStones. Other backers include Alliance, CoinFund and SevenX Ventures. Past investors include Binance's investment arm, Binance Labs.