Want to stay up to date with the latest crypto news? Here are the top three stories from the past day:
1. Bitcoin advocate Samson Mow criticized Ripple for spreading fear, uncertainty, and doubt (FUD) about Bitcoin and Tether. Mow supported Tether CEO Paolo Ardoino in a social media post, accusing Ripple of trying to promote its own stablecoin by attacking Tether. This isn’t the first time Ripple has been involved in controversy, as in 2022 they paid $5 million to Greenpeace to campaign against Bitcoin.
2. In the ongoing legal battle between Ripple and the SEC, Ripple has filed a motion to seal certain documents related to the SEC’s motion for judgment and remedies. Ripple argues that making these documents public would harm their business interests. The company wants to keep financial information and contractual agreements with third-party partners confidential.
3. There is speculation that the SEC may deny Ethereum ETF applications based on the argument that Ethereum is a security. ETF analyst James Seyffart believes this outcome is likely, as the SEC has raised concerns about offering commodity-based trust shares for a security asset like Ethereum. The SEC is expected to make final decisions on Ethereum ETF filings from VanEck and ARK in the coming days.