Robinhood micro-futures, Bitcoin Treasuries

This week’s recap is full of important developments. From Vitalik Buterin criticizing Worldcoin for its digital identity plans to the conclusion of the Ripple/SEC court drama, there’s a lot of news. Robinhood created a stir by introducing Micro Crypto Futures. State governments and Treasury firms also continued to double down on Bitcoin.

Crypto landscape changes faster than before. This is your weekly roundup of all the major stories.

Buterin expresses concern about World’s Digital Identity Approach

• EthereumETHVitalik Buterin co-founder published a Sunday article post World claims over 13,000,000 users. “unique humans” As verified users
• Buterin discussed the risks and benefits of digital IDs that use zero-knowledge verification. He claimed that platforms, such as Sam Altman’s World, could eliminate pseudonymity which is valued by many online users.

Ripple, SEC end long-running legal dispute

• Ripple’s CEO Brad Garlinghouse revealed As previously stated, the SEC’s appeal is also expected to be withdrawn.
• Garlinghouse said on X Ripple was “closing this chapter once and for all, and focusing on what’s most important – building the Internet of Value.”

Robinhood launches micro cryptocurrency futures

• This digital brokering added micro XRP (XRPSolana (SOLFutures on its Platform Friday
• It also launched a smaller version of Bitcoin.BTCRetail investors can take smaller positions with the ) Futures Offering.

Bakkt Files for $1 Billion Securities Offering

• Digital asset platform Bakkt Holdings notified The SEC was informed of the plans to sell securities worth up to $1 Billion to fund a potential Bitcoin Treasury expansion.
• The S-3 filed on Thursday creates an array of flexible securities that include common stock, preferential stock, debt security, warrants and bundle stock units. These securities can be used when the market becomes favorable.

Metaplanet purchases third largest Bitcoin transaction

• Japan’s Bitcoin Treasury Firm acquired Additional 1,234 Bitcoins worth approximately $132 Million.
• At current rates of exchange, the company paid 15 617 281 yen for each token.

Kraken Expands With Payment App and EU License

• San Francisco is home to the San Francisco exchange launched Krak, the peer-to-peer payment app that competes with CashApp or Venmo was launched on Thursday.
• Separately, Kraken received Authorization to operate in Ireland in accordance with the EU Markets in Crypto Assets Regulation (MiCA).

SoFi returns to crypto trading

• San Francisco-based Financial Services company revealed Later this year, it is expected that Wednesday will offer cryptocurrency trading services and custody.
• SoFi will allow users to hold and trade popular crypto currencies such as Bitcoin and Ethereum.

RippleX launches major network upgrade

• The XRP Ledger team is a development team that has launched Version 2.5.0 “rippled,” Reference implementation of the network
• The new changes are available to vote via the XRP Ledger’s amendment process, which is a two-week procedure that requires more than 80% support of trusted validators.

SharpLink Gaming accumulates Ethereum

• Minnesota affiliate marketing agency conducted Its second ETH acquisition between June 16-20 was 12,207 ETH, which is approximately $30.7 Million.

Ledger signs first sponsorship deal with professional sports organization

• Ledger entered The San Antonio Spurs signed a multiyear sponsorship agreement, its first in professional sports.
• Ledger logo patches will be placed on team jerseys starting next week, during the NBA Draft.

Pompliano’s Procap buys its first Bitcoins

• Anthony Pompliano’s new album, “Anthony Pompliano: The New Album” revealed Bitcoin treasury firm Procap bought its first 3,724 BTC coins at an average time-weighted price of $103,785 for each one.
• It was estimated that the acquisition cost $385 million. The company wants to accumulate Bitcoin worth $1 billion.

Bitcoin Purchases – Strategy Adds a Modest Bitcoin Buy

• Bitcoin’s largest listed company acquired An additional 245 BTC worth $26,000,000.
• With this purchase, Strategy has now purchased 592.345 BTC.

Texas establishes state Bitcoin reserve

• Governor Greg Abbott signed Senate Bill 21 was officially signed by the Governor of Texas on Friday. It created Texas’ Strategic Bitcoin Reserve. Texas is now the third U.S. State to create such a reserve.
• The Reserve was designed as a “hedge against inflation and economic volatility,” With the State Comptroller, who is authorized by the law to purchase, sell, manage or hold investments within the Reserve.