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![Tokyo governor joins prime minister in promoting Japan as open for Web3 business 1 Tokyo governor joins prime minister in promoting Japan as open for Web3 business](https://forkast.news/wp-content/uploads/2023/07/Tokyo-governor-joins-prime-minister-in-promoting-Japan-as-open-for-Web3-business-1260x781.jpg)
Tokyo governor joins prime minister in promoting Japan as open for Web3 business
The Tokyo WebX Asia conference, which claimed to be the largest of its kind in Asia, wrapped on Wednesday after two days of exhibitions, crypto-themed side events, and debate on what Japan needs to do to be a central part of the future of the digital asset industry.
![Crypto.com, messaging app Line to collaborate on crypto solutions in Asia 2 Crypto.com](https://forkast.news/wp-content/uploads/2021/11/FF_Crypto-1260x842.jpg)
Crypto.com, messaging app Line to collaborate on crypto solutions in Asia
Cryptocurrency exchange Crypto.com and Line Xenesis — the crypto asset and blockchain-related business developer of Japanese messenger app Line — have signed a memorandum of understanding to boost crypto innovation in Asia-Pacific and the global industry. See related article: Singapore-based Crypto.com gets preparatory license to expand services in Dubai Fast facts
![Bitcoin, Ether slip, Dogecoin leads gainers across top 10 cryptos 3 Dogecoin, litecoin, etheteum and bitcoin, Markets: Dogecoin reenters top 10 tokens by market cap, Bitcoin and Ethereum up](https://forkast.news/wp-content/uploads/2022/09/dogecoin-litecoin-etheteum-and-bitcoin-2021-08-26-16-24-28-utc-1260x709.jpg)
Bitcoin, Ether slip, Dogecoin leads gainers across top 10 cryptos
Bitcoin and Ether slipped during Wednesday afternoon trading in Hong Kong, while most other top 10 non-stablecoin cryptocurrencies by market capitalization rose, led by Dogecoin.
![Sky Mavis and CyberKongz Plan to Win Together 4 CyberKongz Genkai](https://forkast.news/wp-content/uploads/2023/07/CyberKongz-Genkai-1260x633.png)
Sky Mavis and CyberKongz Plan to Win Together
CyberKongz plans a shift to the Ronin blockchain alongside Axie Infinity as Sky Mavis gears up for its first PFP collection and third-party NFT mint.
![Tokenization is driving new value, and Asia is leading the way: Opinion 5 cryptocurrency tokens and Asia](https://forkast.news/wp-content/uploads/2023/07/1-1260x710.png)
Tokenization is driving new value, and Asia is leading the way: Opinion
Across Asia, projects dedicated to asset tokenization have become a cornerstone of the new digital economy, showing the world the technology’s possibilities.
![Bitcoin, Ether lose direction as caution rules market; Dogecoin still a winner on Musk factor 6 Bitcoin | Bitcoin, Ether lose direction as caution rules market; Dogecoin still a winner on Musk factor | Markets, BTC, ETH, DOGE, NFT](https://forkast.news/wp-content/uploads/2023/07/pile-of-bitcoin-cryptocurrencies-2023-03-14-08-11-10-utc-4-1260x840.jpg)
Bitcoin, Ether lose direction as caution rules market; Dogecoin still a winner on Musk factor
Bitcoin traded flat on Wednesday morning in Asia as risk-aversion remained the market theme, though the token managed to hold above US$29,000.
![CyberKongz Genkai NFT set to be the first PFP set on Ronin 7 A screenshot of the CybeKongz NFT collection, displayed on Opensea.](https://forkast.news/wp-content/uploads/2023/07/Cyberkongz169-1260x709.png)
CyberKongz Genkai NFT set to be the first PFP set on Ronin
Sky Mavis announced on Tuesday a partnership with the CyberKongz NFT project to introduce a PFP collection to the Ronin blockchain for the first time.
![Russia to launch digital ruble CBDC payments on August 1 8 Kremlin](https://forkast.news/wp-content/uploads/2022/01/Kremlin-1260x840.jpg)
Russia to launch digital ruble CBDC payments on August 1
Russian President Vladimir Putin signed a digital ruble bill into law on Monday, approving the use of its central bank digital currency for payments starting from Aug. 1. See related article: Russia delays CBDC pilot to await new law Fast facts
![Bitcoin, Ether remain below key levels, most top 10 cryptos fall 9 Bitcoin dips over weekend, other top 10 cryptos mixed; U.S. stock futures edge down | Bitcoins coins background. Crypto currency, bitcoin, BTC,](https://forkast.news/wp-content/uploads/2023/07/bitcoins-coins-background-crypto-currency-bitcoi-2023-03-01-21-40-03-utc-1-1260x840.jpg)
Bitcoin, Ether remain below key levels, most top 10 cryptos fall
Bitcoin and Ether fell during Tuesday afternoon trading in Hong Kong, along with most other top 10 non-stablecoin cryptocurrencies by market capitalization except Dogecoin.
![Blockchain sleuths win Arkham’s US$5,000 bounty for Terra, Do Kwon’s wallet info 10 Blockchain sleuths win Arkham’s US$5,000 bounty for Terra, Do Kwon’s wallet info](https://forkast.news/wp-content/uploads/2023/07/Untitled-design-68-1260x709.jpg)
Blockchain sleuths win Arkham’s US$5,000 bounty for Terra, Do Kwon’s wallet info
Arkham Intel Exchange on Monday said two blockchain sleuths had won the bounty for new evidence of wallets owned by Terraform Labs and its imprisoned co-founder Kwon Do-hyeong.
![How Web3 can accelerate climate finance and help save our warming planet: Opinion 11 Web3 and climate change](https://forkast.news/wp-content/uploads/2023/07/Forkast-Opinion-Images-2-9-1260x710.png)
How Web3 can accelerate climate finance and help save our warming planet: Opinion
$1 trillion in capital is needed to fight climate change, but investment money is sitting on the sidelines, going unused. How can we close this funding gap?
![Bitcoin, Ether fall as risk-aversion grows; Dogecoin gains on Twitter rebranding 12 Bitcoin | Bitcoin, Ether fall as risk-aversion grows; Dogecoin gains on Twitter rebranding | Markets, BTC, ETH, Dogecoin, NFT](https://forkast.news/wp-content/uploads/2023/07/golden-bitcoin-cryptocurrency-2021-08-26-18-32-12-utc-3-1260x840.jpg)
Bitcoin, Ether fall as risk-aversion grows; Dogecoin gains on Twitter rebranding
Bitcoin fell on Tuesday morning in Asia along with most major cryptocurrencies on speculation the U.S. regulator will appeal a decision in the Ripple case and enthusiasm waned for a Bitcoin ETF.
![South Korea crypto lender Delio says operations in peril amid prosecutor raids, lawsuit 13 South Korea’s major crypto lender Delio warns its operations in peril amid lawsuit](https://forkast.news/wp-content/uploads/2023/07/Untitled-design-67-1260x709.jpg)
South Korea crypto lender Delio says operations in peril amid prosecutor raids, lawsuit
Delio halted interest payments for all users on Monday, after announcing difficulties in providing services as usual.
![Bitcoin, Ether fall along with most top 10 cryptos, except Dogecoin 14 selective focus of silver bitcoin and piles of bitcoins behind](https://forkast.news/wp-content/uploads/2023/07/selective-focus-of-silver-bitcoin-and-piles-of-bit-2022-12-16-17-51-28-utc-1260x841.jpg)
Bitcoin, Ether fall along with most top 10 cryptos, except Dogecoin
Bitcoin will have to remain above US$29,500 to prevent further bearish momentum, industry experts told Forkast.
![Why Asia will emerge as the global hub for Web3 gaming: Opinion 15 gaming accessories and Asian map](https://forkast.news/wp-content/uploads/2023/06/Forkast-Opinion-Images-2-9-1260x710.png)
Why Asia will emerge as the global hub for Web3 gaming: Opinion
Already home to most of the world’s gamers, Asia has a rich pedigree in seeding and embracing new technologies, writes Robbie Ferguson of Immutable.
![SEC hints at appeal of Ripple decision in court filing against Terraform Labs 16 WASHINGTON - SEPTEMBER 18: The U.S. Securities and Exchange Commission seal hangs on the facade of its building September 18, 2008 in Washington, DC. Republican presidential candidate Sen. John McCain (R-AZ) has called for the ouster of SEC Chairman Christopher Cox in the wake of the collapse of several giant banks on Wall Street and the resulting financial crisis. (Photo by Chip Somodevilla/Getty Images) | SEC hints at appeal of Ripple decision in court filing against Terraform Labs](https://forkast.news/wp-content/uploads/2023/07/SEC-getty-1260x895.jpg)
SEC hints at appeal of Ripple decision in court filing against Terraform Labs
The SEC has hinted it may be set to appeal a recent court ruling against the agency in its case against Ripple Labs and the XRP token.
![Bitcoin reclaims US$30,000, Ether gains, Cardano leads winners as top 10 crypto rise 17 Bitcoin | Bitcoin reclaims US$30,000, Ether gains, Cardano leads winners as top 10 crypto rise | Markets, BTC - Bitcoin, ETH - Ethereum, ADA - Cardano, NFT](https://forkast.news/wp-content/uploads/2023/07/golden-bitcoin-cryptocurrency-2021-08-26-18-32-31-utc-1-1-1260x840.jpg)
Bitcoin reclaims US$30,000, Ether gains, Cardano leads winners as top 10 crypto rise
Bitcoin rose on Monday morning in Asia to reclaim the US$30,000 support level. Ether moved higher, while most other top 10 non-stablecoin tokens also gained.
![Weekly Market Wrap: Bitcoin falls below US$30,000 as institutional interest in ETFs fails to lift markets 18 golden Bitcoin virtual money concept.Burning bitcoin symbol. Decentralised Cryptocurrency logo of BTC coin. | Bitcoin, Ether, all other top 10 cryptocurrencies fall; Litecoin leads losers with Cardano](https://forkast.news/wp-content/uploads/2023/07/cryptocurrency-logo-of-btc-coin-2021-09-03-05-04-44-utc-1260x840.jpg)
Weekly Market Wrap: Bitcoin falls below US$30,000 as institutional interest in ETFs fails to lift markets
Bitcoin fell under US$30,000, despite the SEC accepting eight spot Bitcoin ETF applications for review this week. A weekly close under that psychological level could lead to more panic selling, industry experts told Forkast.
![Bitcoin, Ether slip below key levels, ETF developments fail to lift investor sentiment 19 Bitcoin dips over weekend, other top 10 cryptos mixed; U.S. stock futures edge down | Bitcoins coins background. Crypto currency, bitcoin, BTC,](https://forkast.news/wp-content/uploads/2023/07/bitcoins-coins-background-crypto-currency-bitcoi-2023-03-01-21-40-03-utc-1-1260x840.jpg)
Bitcoin, Ether slip below key levels, ETF developments fail to lift investor sentiment
Bitcoin and Ether both remained below key support levels, as investor sentiment failed to pick up even after the Securities and Exchange Commission (SEC) accepted eight spot Bitcoin exchange-traded fund (ETF) applications for review.
![Tourists from Mainland China can now shop in Hong Kong with Chinese CBDC 20 China & Hong Kong flags | Tourists from Mainland China can now shop in Hong Kong with Chinese CBDC | Hong Kong, CBDC, Digital Yuan](https://forkast.news/wp-content/uploads/2023/07/flag-of-china-and-hong-kong-waving-with-blue-sky-2022-12-15-22-37-00-utc-3-1260x664.jpg)
Tourists from Mainland China can now shop in Hong Kong with Chinese CBDC
Mainland tourists can now shop in Hong Kong with Chinese CBDC, as part of a digital yuan shopping festival launched this week by the Bank of China (Hong Kong).
![McDonald’s Hong Kong launches McNuggets-themed metaverse 21 McNuggets Land | McDonald’s Hong Kong enters the metaverse in celebration of McNuggets | Hong Kong, NFT, Metaverse, the Sandbox, Animoca](https://forkast.news/wp-content/uploads/2023/07/nuggets-1260x725.png)
McDonald’s Hong Kong launches McNuggets-themed metaverse
McDonald’s Hong Kong has joined the likes of Adidas, Coca-Cola, Gucci and other global brands with Thursday’s launch of its own metaverse.
![Can Web3 bring morality and social good to the metaverse? 22 a moral compass and a man in virtual reality metaverse concept](https://forkast.news/wp-content/uploads/2023/07/moral-1260x710.png)
Can Web3 bring morality and social good to the metaverse?
The value of crypto is typically tied to its correlation with fiat money. What if tokens can be earned only through good deeds and helping others?
![Bitcoin price falls, heads for weekly loss; Ether flat, Matic leads gainers, Solana the losers 23 Backgrounds and textures: group of golden bitcoin coins, close-up shot, shallow depth of field | Bitcoin price falls, heads for weekly loss; Ether flat, Matic leads gainers, Solana the losers](https://forkast.news/wp-content/uploads/2023/07/group-of-golden-bitcoins-2021-09-03-20-18-31-utc-1260x848.jpg)
Bitcoin price falls, heads for weekly loss; Ether flat, Matic leads gainers, Solana the losers
Bitcoin fell on Friday morning in Asia as other top 10 cryptocurrencies traded mixed. Bitcoin again slipped below support at US$30,000.
![XRP triumphs over SEC, but crypto clarity remains in the shadows 24 Ripple SEC Hong Kong cryptocurrency](https://forkast.news/wp-content/uploads/2023/07/Ripple-SEC-Hong-Kong-cryptocurrency-1260x710.png)
XRP triumphs over SEC, but crypto clarity remains in the shadows
Top blockchain and crypto news: Ripple not clear of hurdles | NFTs in historically slow period | Hong Kong banks dither
![Bitcoin, Ether inch above key levels; Matic leads gainers 25 Bitcoin halving. Cryptocurrency trading. Trading at home. New economy](https://forkast.news/wp-content/uploads/2023/07/bitcoin-2-1260x840.jpg)
Bitcoin, Ether inch above key levels; Matic leads gainers
Bitcoin and Ether both recaptured key support levels. Institutional interest remains upbeat following a slew of Bitcoin exchange-traded fund (ETF) applications, industry experts told Forkast.
![Shanghai sets guidelines to revamp industry, supply chains with blockchain, digital yuan 26 Shanghai | Shanghai sets plans to revamp industry, supply chains with blockchain, digital yuan | China, blockchain, Web 3.0](https://forkast.news/wp-content/uploads/2023/07/shanghai-2021-08-26-16-02-32-utc-1-1-1260x840.jpg)
Shanghai sets guidelines to revamp industry, supply chains with blockchain, digital yuan
Shanghai on Tuesday published a set of guidelines to promote use of blockchain, the digital yuan, and the metaverse in the city’s legacy industries.
![Bitcoin, Ether trade flat as buzz around Bitcoin ETFs and Ripple court ruling fades 27 Bitcoin coins on black background, top view | Bitcoin, Ether trade flat as buzz around Bitcoin ETFs and Ripple court ruling fade](https://forkast.news/wp-content/uploads/2023/07/bitcoin-2021-09-03-12-24-30-utc-1-1260x840.jpg)
Bitcoin, Ether trade flat as buzz around Bitcoin ETFs and Ripple court ruling fades
Bitcoin edged higher on Thursday morning, along with most other top 10 cryptocurrencies, but the token looks to have lost support at the US$30,000 line.
![Manta Network developer p0x Labs raises US$25 million for Asia expansion 28 Manta Network logo | Manta Network developer p0x Labs raises US$25 million for Asia expansion | Asia, Zero-Knowledge Proof](https://forkast.news/wp-content/uploads/2023/07/concept-of-blockchain-2022-12-09-04-51-15-utc-1_副本-1260x840.jpg)
Manta Network developer p0x Labs raises US$25 million for Asia expansion
P0x Labs, the developer behind layer-1 zero-knowledge blockchain Manta Network, has secured US$25 million for the Network’s expansion in Asia.
![National Australia Bank to block some crypto exchanges 29 coins Bitcoin, against the background of Australia and the Australian flag, concept of virtual money, close-up. Conceptual image of digital crypto currency.](https://forkast.news/wp-content/uploads/2023/07/australia-1260x840.jpg)
National Australia Bank to block some crypto exchanges
NAB, one of Australia’s “big four” banks, announced it is taking action to block some payments to “high-risk” cryptocurrency exchanges, as part of its new measures aimed at protecting customers from scams.
![Bitcoin returns above key level, Ether inches up, XRP leads top 10 cryptos in gains 30 Bitcoin | Bitcoin above US$30,500, Ether gains, SOL leads the winners | Markets, BTC - Bitcoin, ETH - Ethereum, SOL - Solana, NFT - Non-Fungible Token](https://forkast.news/wp-content/uploads/2023/07/bitcoin-cryptocurrency-gold-coin-trading-on-the-c-2021-10-14-19-24-29-utc-2-1260x840.jpg)
Bitcoin returns above key level, Ether inches up, XRP leads top 10 cryptos in gains
Bitcoin and Ether rose during Wednesday afternoon trading in Hong Kong, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization.
![Chinese police uncover $54 million USDT money laundering scheme 31 USDT coin and handcuffs | Chinese police uncover $54 million USDT money laundering scheme | China, USDT - Tether, Crime](https://forkast.news/wp-content/uploads/2023/07/featured-image-17-1260x840.jpg)
Chinese police uncover $54 million USDT money laundering scheme
Police in China’s Shanxi Province made 21 arrests in relation to an alleged USDT money laundering scheme amounting to over US$54 million.
![The future of finance is tokenized. Get on board or get left behind: Opinion 32 finance](https://forkast.news/wp-content/uploads/2023/07/Forkast-Opinion-Images-2-7-1260x710.png)
The future of finance is tokenized. Get on board or get left behind: Opinion
Change won’t happen overnight, but tokenization is a trend that will trigger seismic shifts in the financial landscape, writes Hamilton Keats of Krayon Digital.
![Bitcoin loses grip on US$30,000 as profit-taking kicks in; XRP gains as other top 10 crypto fall 33 selective focus of silver bitcoin and piles of bitcoins behind](https://forkast.news/wp-content/uploads/2023/07/selective-focus-of-silver-bitcoin-and-piles-of-bit-2022-12-16-17-51-28-utc-1260x841.jpg)
Bitcoin loses grip on US$30,000 as profit-taking kicks in; XRP gains as other top 10 crypto fall
Bitcoin slipped under US$30,000 on the back of profit-taking and long liquidations as the recent run up on optimism about exchange-traded funds seemed to run out of steam.
![NFTs, Where did the buyers go? 34 close up photo of NFT coins with neon lighting](https://forkast.news/wp-content/uploads/2022/11/Forkast-Opinion-Images-5-1260x710.png)
NFTs, Where did the buyers go?
Despite ample Ethereum holdings, traders appear less willing to invest in NFTs. Ethereum wallet growth data in 2023 suggests low NFT sales, while Ether used for NFT sales has dropped to 2021 levels.
![S. Korea’s Shinhan Bank, SCB TechX, complete second stablecoin trial on Hedera 35 Hands, person and phone screen with transaction completed for ecommerce, finance or digital money. .](https://forkast.news/wp-content/uploads/2023/07/hedera-1260x840.jpg)
S. Korea’s Shinhan Bank, SCB TechX, complete second stablecoin trial on Hedera
Shinhan Bank, the second largest bank in South Korea, and SCB TechX, the technology unit of Siam Commercial Bank, the oldest bank in Thailand, announced on Tuesday that they completed a second stablecoin transaction trial on the Hedera, a public distributed ledger network.
![Bitcoin, Ether, top 10 cryptos fall; SEC accepts Valkyrie’s spot Bitcoin ETF for review 36 ARK Investment, 21Shares take another shot at a spot Bitcoin ETF](https://forkast.news/wp-content/uploads/2022/05/52005741611_03a11a3ece_o.jpg)
Bitcoin, Ether, top 10 cryptos fall; SEC accepts Valkyrie’s spot Bitcoin ETF for review
Bitcoin and Ether both fell below key price levels earlier but returned above as investors remained optimistic after the U.S. Securities and Exchange Commission (SEC) accepted the second Bitcoin exchange-traded fund (ETF) application for review, from asset manager Valkyrie.
![Alibaba’s home province of Zhejiang sets up metaverse industrial association 37 lion statue with VR | Alibaba’s home province of Zhejiang sets up metaverse industrial association | China, Metaverse, Web 3.0](https://forkast.news/wp-content/uploads/2023/07/featured-image-16-1260x840.png)
Alibaba’s home province of Zhejiang sets up metaverse industrial association
China’s Zhejiang province, the home province of e-commerce giant Alibaba Group,has established a metaverse industrial association.
![Stablecoins can make banking safe again: Opinion 38 stablecoin](https://forkast.news/wp-content/uploads/2023/06/Forkast-Opinion-Images-2-1260x710.png)
Stablecoins can make banking safe again: Opinion
Stablecoins play a pivotal role as a safe-haven medium of exchange in times of high inflation, writes James Glasscock. But they’re not without risks.
![Bitcoin dips but recovers back above US$30,000; Ether, most other top 10 crypto lose ground 39 Golden Bitcoin Cryptocurrency. New Virtual money concept. | Bitcoin dips but recovers back above US$30,000; Ether, most other top 10 crypto lose ground](https://forkast.news/wp-content/uploads/2023/07/golden-bitcoin-cryptocurrency-2021-08-26-18-32-31-utc-3-1260x840.jpg)
Bitcoin dips but recovers back above US$30,000; Ether, most other top 10 crypto lose ground
Bitcoin dipped under US$30,000 in early Asia trade before recovering. Ether and other top 10 cryptocurrencies fell, while NFT trading slumped.
![Financial Stability Board recommends stricter global crypto regulation after year of industry blow-ups 40 Golden bitcoin and handcuffs. Regulation and fraud of cryptocurrencies.](https://forkast.news/wp-content/uploads/2023/07/crypto-1260x840.jpg)
Financial Stability Board recommends stricter global crypto regulation after year of industry blow-ups
The Financial Stability Board (FSB) published on Monday a global regulatory framework for crypto-asset activities to provide a global regulatory and supervisory foundation for crypto. The recommendations made to the G20 – the 20 leading economies of the world – are based upon the principle of “same activity, same risk, same regulation.”
![Bitcoin, Ether slip, top cryptos mixed, XRP biggest gainer after last week’s court win 41 Young man holding XRP Ripple coin in hand with green bush in background - Cryptocurrency and Digital asset concept](https://forkast.news/wp-content/uploads/2023/06/ripple1-1260x840.jpg)
Bitcoin, Ether slip, top cryptos mixed, XRP biggest gainer after last week’s court win
XRP continued its rally after XRP issuer Ripple’s favorable ruling last week in its lawsuit with the U.S. Securities and Exchange Commission (SEC).
![How Asia is emerging as a safe haven for digital assets: Opinion 42 asian countries and digital assets](https://forkast.news/wp-content/uploads/2023/07/Forkast-Opinion-Images-2-2-1260x710.png)
How Asia is emerging as a safe haven for digital assets: Opinion
As the US is engulfed in regulatory strife, Asian countries are rolling out legal frameworks that attract crypto investment, protect consumers and encourage innovation.
![Beijing to train 10,000 engineers in digital technologies, including blockchain, each year 43 Beijing at night | Beijing to train 10,000 engineers in digital technologies, including blockchain, each year | China, blockchain, Web 3.0](https://forkast.news/wp-content/uploads/2023/07/featured-image-15-1260x840.jpg)
Beijing to train 10,000 engineers in digital technologies, including blockchain, each year
Beijing municipal government plans to train 10,000 engineering talents each year in emerging technologies including blockchain, AI and big data.
![SEC accepts BlackRock’s Bitcoin ETF application for review 44 Bitcoin ETF | SEC accepts BlackRock’s Bitcoin ETF application for review | ETF, BlackRock, U.S., BTC-Bitcoin, Regulation & Law](https://forkast.news/wp-content/uploads/2023/07/cryptocurrency-etf-concept-2022-12-16-11-17-31-utc-1260x840.jpg)
SEC accepts BlackRock’s Bitcoin ETF application for review
The U.S. SEC has accepted BlackRock’s application for a spot Bitcoin ETF, a major step for the potential launch of the country’s first spot Bitcoin ETF.
![Bitcoin dips over weekend, other top 10 cryptos mixed; US stock futures edge down 45 Bitcoin dips over weekend, other top 10 cryptos mixed; U.S. stock futures edge down | Bitcoins coins background. Crypto currency, bitcoin, BTC,](https://forkast.news/wp-content/uploads/2023/07/bitcoins-coins-background-crypto-currency-bitcoi-2023-03-01-21-40-03-utc-1-1260x840.jpg)
Bitcoin dips over weekend, other top 10 cryptos mixed; US stock futures edge down
Bitcoin rose to trade at over US$30,300 on Monday morning in Asia, but the price fell over the weekend to around the pre-Ripple ruling level.
![Weekly Market Wrap: Bitcoin rises past US$31,000, cryptos rally after Ripple's win against U.S. SEC 46 Hand holding a bitcoin coin and chart on laptop display at background. Cryptocurrency trading or investment concept](https://forkast.news/wp-content/uploads/2023/06/bitcoin2-1-1260x840.jpg)
Weekly Market Wrap: Bitcoin rises past US$31,000, cryptos rally after Ripple’s win against U.S. SEC
Bitcoin rose to US$31,736 on Friday, bolstering Ethereum to above US$2,000, after the court ruled that the sale of XRP did not constitute a security. Bitcoin needs a close above US$31,000 to pave the way for US$32,500, market experts told Forkast.
![XRP leads gains as Bitcoin, top 10 cryptos rally after Ripple’s win against U.S. SEC 47 Young man holding XRP Ripple coin in hand with green bush in background - Cryptocurrency and Digital asset concept](https://forkast.news/wp-content/uploads/2023/07/ripple-1260x840.jpg)
XRP leads gains as Bitcoin, top 10 cryptos rally after Ripple’s win against U.S. SEC
A favorable U.S. court ruling for Ripple boosted Bitcoin prices. All top 10 non-stablecoin cryptos rallied with XRP prices gaining 62% in the past 24 hours.
![After U.S. court rules Ripple XRP is not a security, industry remains cautious 48 XRP cryptocurrency and U.S. Securities and Exchange Commission logo on the building](https://forkast.news/wp-content/uploads/2021/07/XRP-SEC-1260x709.jpg)
After U.S. court rules Ripple XRP is not a security, industry remains cautious
In a long-awaited decision, the U.S. court ruled in favor of Ripple Labs in its case against the Securities and Exchange Commission, providing a boost to most cryptocurrency prices. But industry participants remain wary.
![Celsius founder Alex Mashinsky arrested, pleads not guilty to fraud 49 Alex Mashinsky](https://forkast.news/wp-content/uploads/2022/09/AlexMashinky-1260x840.jpg)
Celsius founder Alex Mashinsky arrested, pleads not guilty to fraud
Alex Mashinsky, founder and CEO of Celsius Network, pleaded not guilty after being arrested in the U.S. Thursday on several fraud-related criminal charges.
![How Web3 can help island nations fight climate change: Opinion 50 web 3 and climate change](https://forkast.news/wp-content/uploads/2023/06/Forkast-Opinion-Images-6-1260x710.png)
How Web3 can help island nations fight climate change: Opinion
Global warming and rising sea levels are threatening to submerge countries like Maldives and Kiribati. Can blockchain technology help avert disaster?
![Bitcoin, Ether surge after Ripple notched partial win against SEC; Ripple’s XRP leads crypto rally 51 XRP coin | Bitcoin, Ether surge after Ripple notched partial win against SEC; Ripple’s XRP leads crypto rally | Markets, BTC - Bitcoin, ETH - Ethereum, XRP, NFT - Non-Fungible Token](https://forkast.news/wp-content/uploads/2023/07/ripple-xrp-coin-on-black-gravel-background-2022-12-16-11-12-44-utc-1260x840.jpg)
Bitcoin, Ether surge after Ripple notched partial win against SEC; Ripple’s XRP leads crypto rally
Bitcoin, all other top 10 non-stablecoin tokens logged gains Friday morning. That followed a favorable SEC ruling for Ripple, whose XRP token led the gains.
![US court rules in favor of XRP in Ripple Labs case against SEC, with caveats 52 Ripple coin on dollar banknotes. XRP Cryptocurrency on US dollar bills](https://forkast.news/wp-content/uploads/2023/05/ripple-1260x840.jpg)
US court rules in favor of XRP in Ripple Labs case against SEC, with caveats
Judge Analisa Torres ruled on Thursday that Ripple Labs’ programmatic sales of the XRP cryptocurrency did not qualify as the offer and sale of investment contracts.
![Europe’s first spot Bitcoin ETF set to launch in July: FT 53 Golden Bitcoin Cryptocurrency](https://forkast.news/wp-content/uploads/2023/06/Crypto-2.jpg)
Europe’s first spot Bitcoin ETF set to launch in July: FT
Europe’s first spot Bitcoin exchange-traded fund (ETF) is expected to be publicly listed this month, following a 12-month delay from the initially planned date
![Standard Chartered’s great expectations for Bitcoin in 2024 54 Standard chartered Bitcoin](https://forkast.news/wp-content/uploads/2023/07/Standard-chartered-Bitcoin-1260x710.png)
Standard Chartered’s great expectations for Bitcoin in 2024
Top blockchain and crypto news: Standard Chartered eyes US$120,000 per Bitcoin | Another week of declines in NFT market | Sega and Line team up.
![Bitcoin, Ether fall; all other top 10 cryptos mixed 55 Bright bitcoin coins next to dollar bills.](https://forkast.news/wp-content/uploads/2023/07/bitcoin-3-1260x841.jpg)
Bitcoin, Ether fall; all other top 10 cryptos mixed
Bitcoin prices fell below US$30,500 in the past 24 hours while its trading volume has gained over 20%. Ether also fell. Cardano and BNB were the day’s biggest losers.
![USDC issuer Circle trims workforce 56 USDC issuer Circle trims workforce](https://forkast.news/wp-content/uploads/2023/07/Untitled-design-65-1260x709.jpg)
USDC issuer Circle trims workforce
Stablecoin issuer Circle has reduced its workforce and investment in non-core activities.
![Bitcoin, Ether fall, Polygon leads losers; U.S. equities gain as inflation slows 57 Bitcoin | Bitcoin, Ether fell, Polygon leads losers; U.S. equities gain as inflation slows | Markets, BTC - Bitcoin, ETH - Ethereum, NFT - Non-Fungible Token, Inflation](https://forkast.news/wp-content/uploads/2023/07/golden-bitcoin-cryptocurrency-2021-08-26-18-32-12-utc-2-1260x840.jpg)
Bitcoin, Ether fall, Polygon leads losers; U.S. equities gain as inflation slows
Bitcoin dropped on Thursday morning in Asia to below US$30,500. Ether and most other top 10 non-stablecoin tokens also logged losses.
![Why culture and ownership are critical to the metaverse: Opinion 58 silhouette of business people working in metaverse](https://forkast.news/wp-content/uploads/2023/07/Forkast-Opinion-Images-2-4-1260x710.png)
Why culture and ownership are critical to the metaverse: Opinion
As stores of our identity, customs and creativity, NFTs will drive Web3 adoption and become central to the new digital economy, writes Yat Siu, executive chairman of Animoca Brands.
![Bitcoin inches up, holds above US$30,500; all other top 10 cryptos mixed 59 Bitcoin halving. Cryptocurrency trading. Trading at home. New economy](https://forkast.news/wp-content/uploads/2023/07/bitcoin-2-1260x840.jpg)
Bitcoin inches up, holds above US$30,500; all other top 10 cryptos mixed
Bitcoin trade volumes dropped in the last 24 hours but the token is holding steady above US$30,500. Binance’s BNB token posted the biggest gain while most other top 10 cryptocurrencies traded mixed.
![Seoul prosecutors chasing Do Kwon establish crypto investigations team 60 Seoul Southern District Prosecutor's Office | Seoul prosecutors chasing Do Kwon establish crypto investigative team](https://forkast.news/wp-content/uploads/2023/07/Untitled-800-×-600-px-1.png)
Seoul prosecutors chasing Do Kwon establish crypto investigations team
The Seoul Southern District Prosecutors’ Office announced that it will launch the Virtual Asset Joint Investigation Unit at the end of this month.
![South Korea mandates new accounting rules for domestic crypto sector 61 South Korea flag is depicted on a puzzle, which the man's hand completes to fold. | South Korea mandates new accounting rules for domestic crypto sector](https://forkast.news/wp-content/uploads/2023/07/south-korea-flag-is-depicted-on-a-puzzle-which-t-2022-11-14-17-32-42-utc-1260x835.jpg)
South Korea mandates new accounting rules for domestic crypto sector
South Korea’s FSC is requiring companies that issue or own cryptocurrencies to provide detailed crypto disclosures from 2024.
![Bitcoin above US$30,500, Ether flat, SOL leads the winners 62 Bitcoin | Bitcoin above US$30,500, Ether gains, SOL leads the winners | Markets, BTC - Bitcoin, ETH - Ethereum, SOL - Solana, NFT - Non-Fungible Token](https://forkast.news/wp-content/uploads/2023/07/bitcoin-cryptocurrency-gold-coin-trading-on-the-c-2021-10-14-19-24-29-utc-2-1260x840.jpg)
Bitcoin above US$30,500, Ether flat, SOL leads the winners
Bitcoin rose on Wednesday morning in Asia to trade above US$30,500. Ether traded flat while most other top 10 non-stablecoin tokens gained. SOL led winners.
![NFT recovery or new bottom discovery? 63 illuminated neon-colored NFT letters](https://forkast.news/wp-content/uploads/2022/10/Forkast-Opinion-Images-7-1260x710.png)
NFT recovery or new bottom discovery?
Blur has been adding demand for specific collections by incentivizing floor NFT trading, which may have mitigated aggressive price undercutting for liquidty.
![Gamers can now earn Bitcoin rewards on Minecraft via Zebedee 64 Gamers can now earn Bitcoin rewards on Minecraft via Zebedee](https://forkast.news/wp-content/uploads/2023/07/ZBD-x-Satlantis-2-1260x700.png)
Gamers can now earn Bitcoin rewards on Minecraft via Zebedee
Zebedee, a New Jersey-based payments technology firm, will allow Minecraft players to earn Bitcoin by completing in-game quests.
![Bitcoin steady above US$30,000, all top 10 cryptos rise on market optimism 65 Bitcoin cryptocurrency, blockchain technology decentralized currency coin, conceptual image with selective focus](https://forkast.news/wp-content/uploads/2023/07/bitcoin-1-1260x708.jpg)
Bitcoin steady above US$30,000, all top 10 cryptos rise on market optimism
Bitcoin breached US$31,000 level in the past 24 hours after falling back to hold above US$30,000. Ether and all other top 10 cryptos gained.
![Sega says still exploring Web3 game initiatives despite reports of withdrawal 66 Sega co-COO Shuji Utsumi](https://forkast.news/wp-content/uploads/2023/07/IMG_4155-1260x945.jpg)
Sega says still exploring Web3 game initiatives despite reports of withdrawal
The Japanese gaming giant is currently somewhere in the Web 2.3 to 2.7 range, says co-Chief Operating Officer Shuji Utsumi.
![Crypto 'extremely speculative' investment, not money, says Bank of England Governor Bailey 67 Bitcoin and Bank of England governor Andrew Bailey | Crypto extremely speculative investment, not money, says Bank of England Governor Bailey](https://forkast.news/wp-content/uploads/2023/07/Untitled-design-63-1260x709.jpg)
Crypto ‘extremely speculative’ investment, not money, says Bank of England Governor Bailey
Bank of England governor Andrew Bailey said Bitcoin and other cryptocurrencies don’t meet standards to be recognized as money.
![Improving crypto user experience is an imperative and need not come at the cost of security: Opinion 68 cryptocurrency technology and security concept](https://forkast.news/wp-content/uploads/2023/06/Forkast-Opinion-Images-3-1260x710.png)
Improving crypto user experience is an imperative and need not come at the cost of security: Opinion
The key to making crypto easier to use while less prone to skulduggery lies in centralizing some security and UX features, writes Hsuan Lee of Blocto.
![Bitcoin gains on StanChart price predictions, fund inflows; Ether rises, Matic leads winners 69 Bitcoin | Bitcoin gains on StanChart price predictions, fund inflows; Ether gains, Matic leads winners | Markets, BTC - Bitcoin, ETH - Ethereum, MATIC - Polygon, NFT - Non-Fungible Token](https://forkast.news/wp-content/uploads/2023/07/golden-bitcoin-cryptocurrency-2021-08-26-18-32-31-utc-1260x840.jpg)
Bitcoin gains on StanChart price predictions, fund inflows; Ether rises, Matic leads winners
Bitcoin rose on Tuesday morning in Asia, after Standard Chartered predicted the token could reach US$120,000 by the end of 2024. Ether and most other top 10 tokens rose.
![Global crypto industry worth US$180 billion, says K33 Research report 70 Hong Kong and crypto coins](https://forkast.news/wp-content/uploads/2023/06/Forkast-Opinion-Images-2-4-1260x710.png)
Global crypto industry worth US$180 billion, says K33 Research report
The global cryptocurrency industry is valued at US$180 billion, with over 10,000 companies employing a total of 190,000 employees, according to a July 5 report from crypto intelligence firm K33 Research. See related article: Singapore, Thailand clarify crypto rules; NFTs become new cultural frontier Fast facts See related article: South Korea, Singapore, Thailand clarify crypto […]
![Bitcoin dips but holds above US$30,000, all other top 10 cryptos drop 71 bitcoin and chart](https://forkast.news/wp-content/uploads/2023/07/bitcoin-1260x840.jpg)
Bitcoin dips but holds above US$30,000, all other top 10 cryptos drop
All top 10 cryptocurrencies, including Bitcoin and Ether, drop over the last 24 hours while investors brace for more interest rate hikes in the U.S.
![Despite the regulatory darkness in America, crypto’s dawn is nigh: Opinion 72 worldwide connection concept](https://forkast.news/wp-content/uploads/2023/06/Forkast-Opinion-Images-2-11-1260x710.png)
Despite the regulatory darkness in America, crypto’s dawn is nigh: Opinion
Crypto’s current turmoil in the US stands in stark contrast to other jurisdictions that are paving paths to for the industry to shine, writes Sean O’Connor.