SEC and Ripple affair nears end, Grayscale withdraws ETF deposit, and more: Hodler's Digest, May 5-11

High Stories This Week SEC files final answer In Ripple XRP case

THE WE. Securities And Exchange Commission has on penalties In their in progress legal battle. THE SECOND look for substantial fines against Ripple following Judge Torres decision that XRP is not it A security In programmatic sales. Ripple dispute that any of them fines should not exceed $10 million, quoting THE absence of fraudulent intention. On THE other hand, THE agency insists Ripple misinterpreted THE courts order And minimized It is responsibility. Both evenings are NOW on hold A final decision. Ripple chief legal officer Stuart Alderoty critical THE SECOND, argue that It is reputation keep on going has decline.

Shades of grey withdraws It is Ether eventually ETFs application

Shades of grey has For A Ether eventually exchange traded funds just three weeks Before THE WE. Securities And Exchange Commission was together has decide on he. On Can 7, THE cryptocurrency active director deposit A notice of withdrawal For THE Shades of grey Ethereum Futures contracts Trust with THE SECOND, which was program has TO DO A decision on Can 30. Traders . Analysts believe THE eventually ETFs application was A "Trojan horse" has corner THE agency In approving It is place Ether ETFs proposal. As Can 23 approaches, analysts are more skeptical about THE DRY approval of A place Ether ETF.

The Satoshi era sleeping Bitcoin address wakes up up After ten years

A sleeping Bitcoin address containing 687 BTC ($43.9 million), dating back has THE time When Satoshi Nakamoto was always active, has . On Can 6, he transferred It is assets has two different wallets, Sparks curiosity among THE crypto community. While speculation often connections these wallets has Satoshi themselves, experts believe they are more likely possesses by early minors Or buyers. Notably, 1.75 million Bitcoin wallets to have stayed inactive For on A decade, holding approximately $121 billion value of BTC has current price.

FTX propose 'Billions In compensation,' but not everyone happy

FTX has affected by It is 2022 collapse, offer has repay all complaints more additional compensation For THE time value of their investments. This plan, which needs approval Since THE WE. Bankruptcy Court In Delaware, offers A 118% recovery For complaints below $50,000, covering 98% of It is creditors. However, THE compensation East base on THE value of assets has THE time of FTX bankruptcy In November 2022, not current prices, despite A significant 280% increase In Bitcoin price Since SO. THE proposal has upset a few Investors, WHO are argue For refund has current walk price.

Nigerian civil servants propose secret crypto regulation, complaints Binance CEO

Binance was allegedly In A 3 million dollars regulation concerning compliance problems. Reports reveal that A Nigerian official required crypto Payments has solve imported related has Binance adhesion has Nigerian crypto regulations. THE exchange East said has to have decreases THE payment request through It is local legal representation And has to have continued THE regulation negotiations. THE relationship between THE exchange And local authorities has recently escalation with THE detention of Binance frames.