The week of July 20-26 in the crypto world saw XRP experiencing a ‘beneficial adjustment’, Ether facing a supply shock, and several other significant developments. The top stories of the week included:
Australian Fintech Firm Finder Triumphs in Court Over Crypto Yield Product
The Australian Federal Court sided with fintech firm Finder.com in its legal dispute with the Australian Securities and Investments Commission (ASIC) that lasted almost three years. The judgement confirmed that Finder’s yield-generating product, Finder Earn, complied with consumer financial laws.
BitMine Amasses Over $2B in ETH in 16 Days Amid Treasury Arms Race
BitMine Immersion Technologies, a Bitcoin mining firm, has acquired over $2 billion of Ether in just 16 days, leading the pack among newly emerging Ether treasury companies.
XRP Price Drops 19%, But Analysts Call It A ‘Healthy Correction’
Despite a 19% drop in its price, analysts have termed the XRP dip as a “healthy pullback,” with double-digit XRP price targets still in play.
Hulk Hogan, Ozzy Memecoins Skyrocket Following Their Deaths
Following the deaths of wrestling icon Hulk Hogan and rock legend Ozzy Osbourne, memecoins inspired by the two celebrities have seen a dramatic rise in value.
Ether Set to ‘Knock on $4,000’ and Soon Outperform Bitcoin: Novogratz
According to Galaxy Digital CEO Michael Novogratz, the rapidly growing institutional interest in Ethereum could trigger a supply shock and position Ether to outperform Bitcoin in the next six months.
