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Bitcoin News Roundup for Aug. 6, 2020
With bitcoin prices surging and a quick look at crypto lawsuits, CoinDesk's Markets Daily is back for your latest crypto news roundup!
Updated Sep 14, 2021, 9:40 a.m. Published Aug 6, 2020, 4:00 p.m. 1 min read
With bitcoin prices surging and a quick look at crypto lawsuits, CoinDesk's Markets Daily is back for your latest crypto news roundup!
For early access before our regular noon Eastern time releases , subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.
This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.
Today's Stories:
First Mover: Bitcoin Rises More in One Day Than Stocks Have Gained All Year
Bitcoin prices surged 5% Wednesday, outpacing stocks and gold amid calls for more government stimulus to stem the fallout from the coronavirus pandemic.
Judge Worries Plaintiffs' Lawyers Trying to Line Their Pockets in Block.one ICO Lawsuit
A federal judge in New York criticized some parties to a class-action lawsuit against Block.one for appearing to be involved solely for potential high legal fees.
Investors Suing Over Status ICO Can't Find Execs to Serve Papers
Investors suing crypto firm Status are seeking “alternative means” to serve top executives after they were unable to deliver court papers via traditional means.
Man Accused of Arranging Murder to Avoid Crypto Debt Can't Escape Jail, Brazilian Court Rules
Crypto businessman Danilo Afonso Pechin remains jailed after Brazil's High Court rejected his request for freedom.
For early access before our regular noon Eastern time releases , subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.
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From May 20 to May 29, XRP funds took in $35 million while bitcoin and ether ETFs lost roughly $2 billion combined, with Ripple’s earlier reported XRP treasury plan still awaiting confirmation.
What to know:
- U.S.-listed spot XRP ETFs drew $11.88 million in net inflows on May 29, extending a week of gains even as bitcoin and ether funds saw continued redemptions.
- Total net assets in U.S. XRP ETFs now stand near $1.12 billion, with about $35 million added since May 20 while bitcoin and...
