FOMC minutes, SpaceX joins Nasdaq 100: Crypto Week Ahead

Your look at what's coming in the week starting July 6.
This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Your look at what's coming in the week starting July 6.
This is an AI-generated summary. ShortSingh links to the original source for the complete article.
Ripple has received a full crypto asset provider license in Luxembourg, upgrading its preliminary status to complete regulatory compliance. The approval was granted under the European Union's Markets in Crypto-Assets (MiCA) framework. With this license, Ripple is now authorized to operate across all 30 European Economic Area countries. The upgrade enables Ripple to offer payment services to financial institutions, corporates, and businesses throughout the EEA.

Coinbase faced public criticism after its AI tool published the result of a World Cup match before the game had even begun. The premature and inaccurate post raised concerns about the reliability of AI-generated content on the platform. CEO Brian Armstrong personally looked into the incident following the backlash. The company has since made updates to its AI systems aimed at preventing similar errors from occurring in the future.

Ethereum co-founder Vitalik Buterin has announced what he describes as the platform's biggest technical rebuild since the Merge. A revised roadmap outlines a multi-year overhaul that would replace nearly every major component of the Ethereum protocol. Quantum resistance and user privacy have been elevated as key priorities in the updated plan. The announcement comes as ether's price has climbed more than 12% over the past seven days.

Bitcoin surged to a high of $63,882 overnight before quickly reversing course, according to CoinDesk market data. The cryptocurrency's weekly opening saw a brief rally that failed to hold as selling pressure mounted. Prices retreated to approximately $62,900 following the short-lived peak. The move marks a volatile start to the trading week for the world's largest cryptocurrency.

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