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As bitcoin and ether assert themselves as uncorrelated assets, the impact of macroeconomic catalysts has waned
The bankrupt crypto lender was given permission to convert its roughly $170 million altcoin stash to BTC and ETH.
![Bitcoin and Crypto Stocks Like Coinbase Soar as XRP Ruling Bolsters Optimism](https://img.bgstatic.com/multiLang/image/3c4a8356526a78b5e8ee43fdd47154ae1689280204990.GB7SMYTPJCLRLEZ3DAS3E37JI.jpg)
Crypto miners were also included in the rally as bitcoin rose to its highest level in 13 months.
A federal judge on Thursday ruled he sale of Ripple’s XRP tokens on exchanges and through algorithms did not constitute investment contracts.
![Crypto Markets ‘Highly Dependent’ on Stablecoins Lacking Transparency, TUSD Poses Risk: Kaiko](https://img.bgstatic.com/multiLang/image/ca2cefc4ee3f9aff5d6555f0c26a1f701689271819068.7UL77QLQNCB5B7L2SMJHQ2O3A.jpg)
The rapidly growing TUSD, favored by crypto exchange Binance, poses risk to the market, according to the crypto research firm.
![First Mover Americas: Crypto AI Tokens Rally After Musk Unveils New Company](https://img.bgstatic.com/multiLang/image/af968717b7f57afbaa3b450ca31997521689255014909.CEHVAQ6BRH5FJYJMW6M22W3H4.png)
The latest price moves in crypto markets in context for July 13, 2023.
![Real-World Asset Platform Ondo Finance Expands Tokenized Treasurys to Polygon](https://img.bgstatic.com/multiLang/image/d8467914d937404f67b80fb2640f92f41689255013738.ACOJ7SV5FDDHO72VBQKQA6QJM.jpg)
Ondo’s OUSG token, one of the largest on-chain tokenized Treasury products, has accrued $134 million of assets under management on Ethereum.
![Coinbase Cut to Underweight Ahead of Earnings by Barclays](https://img.bgstatic.com/multiLang/image/1443ca1ce6992d315bc7ef69533aef521689251402760.LBAYQZUTREKJKVIPXZ5MHIVT4.jpg)
The bank said it sees few positive drivers for the crypto exchange’s share price in the near term.
![Early Shiba Inu Holder With 10% of Supply Moves $30M in SHIB Tokens](https://img.bgstatic.com/multiLang/image/3efec1effe715003942990e01f0eb02f1689251403775.QVZOCDFMBBXVCGRJVVFSSOUUU.jpg)
Data shows most SHIB market depth is under $1 million on various crypto exchanges, and a sell order of that value could move token prices by 2% immediately.
![Ethereum Tops New Crypto ESG Ranking, Bitcoin Slammed for Heavy Energy Usage](https://img.bgstatic.com/multiLang/image/d32e167a1665599a9fd64198da56c2ca1689243007647.FE5GZTHDFDDFPDVSYJ6P553PA.png)
Crypto data firm CCData released the first institutional-grade scoring system that evaluates digital assets focusing on environmental, social and governance aspects.
- 06:07Ripple: Digital assets are driving a $100 billion custody boomPANews reported on February 7th, according to Bitcoin.com, Ripple has released an insight report detailing how custodians can meet the growing demand for cryptocurrency custody. With the rapid expansion of the market, Ripple emphasizes that the global custody service market is expected to grow from $41 billion in 2023 to over $100 billion in 2033. Digital assets are driving this prosperity and financial industry's custody service providers have ample opportunities to leverage this emerging technology. Ripple's "Digital Asset Custody: A Quick Guide for Custodians" highlights the necessity of advanced custody, governance and trading infrastructure to help providers stand out in the market. As digital transformation progresses, it is estimated that by 2030 tokenization will cover more than 10% of global assets. Custodians must support continuous digital asset flow, integrate multi-chain functions and handle high transaction volumes. As demand grows scalability and compliance will be crucial; institutions need to maintain efficient infrastructure while complying with regulations.
- 06:00The probability of Solana ETF getting approved within the year on Polymarket is currently reported to be 85%Odaily Planet Daily reports that Polymarket predicts an 85% chance of Solana ETF getting approved in 2025.
- 05:58Vitalik: Frustrated with the current state of the crypto field, which is mainly PvP-style competitionGolden Finance reports that Ethereum co-founder Vitalik Buterin has stated in a post that he feels uncomfortable when crypto Twitter and venture capital firms consider "PvP-style gaming projects that cause most users to lose" as the best product form in the crypto field, while pursuing better products is accused of being "condescending and elitist". Although these remarks sometimes make him want to back down, whenever this happens, he can gain inspiration from the world, reminding himself that he is fighting for something valuable.