Ripple's Major Payments License Revolutionizes Singapore's Digital Payment Landscape

Crypto fund relaunches as Three Arrows Ventures; Prime Trust faces regulatory scrutiny over customer withdrawals. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Market Activity Total Market Cap $1.17T (-0.32%) 24 Hour Volume $36.78B (-35.90%) Notable Movers[(LEO) $3.93]( (+9.58%) Notable Movers (DeFi)[(LINK) $5.88]( (+3.62%) Bitcoin Dominance 49.85% [(+0.21%)]( Bitcoin Price[(BTC) $30,094.75 (+0.15%)]( Ethereum Price[(ETH) $1,879.27 (-0.92%)]( Cardano Price[(ADA) $$0.2935 (-1.29%)]( Today’s Top Stories [Ripple Secures Payment License from Monetary Authority of Singapore]( Ripple has obtained an in-principle approval for a Major Payments Institution License from the Monetary Authority of Singapore, allowing its Singapore subsidiary to offer regulated digital payment token products and services, and expand the user base of its On-Demand Liquidity platform. The company has also significantly increased its Singapore workforce to support various key functions. [Binance Launches Regulated Platform in Kazakhstan]( Binance has introduced a regulated digital asset platform in Kazakhstan in collaboration with Freedom Finance Bank, offering various services to Kazakhstani users. This move follows Binance obtaining a permanent license to operate in the country. [Failed Hedge Fund Three Arrows Capital Relaunches as Three Arrows Ventures]( OPNX, a platform for trading claims against bankrupt crypto entities, made headlines with its new ecosystem partner, 3AC Ventures. 3AC Ventures, founded by the co-founders of the now-bankrupt hedge fund Three Arrows Capital, aims to deliver superior risk-adjusted returns without leverage. [Crédit Agricole and Santander’s CACEIS Registered To Provide Crypto Custody in France]( CACEIS Bank, the asset servicing arm of Crédit Agricole and Santander, has received registration from France's Financial Markets Authority to offer crypto custody services. With €4.6 trillion ($5.1 trillion) of assets under custody, the bank joins other traditional financial institutions in complying with France's regulatory framework for cryptocurrencies. [Prime Trust Unable To Meet Customer Withdrawals According to Nevada Regulators]( Nevada's Department of Business and Industry has ordered crypto custody firm Prime Trust to halt activities that violate state regulations, citing financial concerns and potential breach of fiduciary duties. The order came shortly after BitGo canceled its acquisition of Prime Trust, leading to a suspension of fiat deposits. [Read The Full Newsletter]( SPONSORED AD Complete Missions on TraderWagon App to share $6000 USDT [Complete Missions on TraderWagon App to share $6000 USDT]( Download TraderWagon App Now to Copy Top Crypto Traders around the world! [Join Now]( [Macro Brief Q2 2023: The Institutions Are Coming]( Macro Brief Q2 2023: The Institutions Are Coming A quarter full of ups and downs — from the SEC clampdowns to major institutional players stepping into the fray. Read on for a rundown of Bitcoin and macro updates. [Read More]( [CMC Lisbon: Meet the Past Speakers of Web3’s Hottest Conference of 2024]( CMC Lisbon: Meet the Past Speakers of Web3’s Hottest Conference of 2024 Join CMC Lisbon 2024, the sizzling hot web3 conference of the year, and explore the future of technology and finance with the world's brightest minds! [Read More]( [Uniswap Launches V4: What You Need To Know]( Uniswap Launches V4: What You Need To Know Uniswap V4 introduces "hooks" — contracts that run at various points in a pool action's lifecycle. Find out how it works! [Read More]( Thanks for reading! Have a great day — more news next week! [Facebook]( [Twitter]( [Instagram]( [Telegram]( Was this email forwarded to you? [Sign up here](. WANT MORE CRYPTO BITES? [Sign up here]( for Daily Newsletters, Promotions and Events and Prices [ADVERTISE]( | [CAREERS]( | [FAQ]( © 2023 CoinMarketCap [Unsubscribe]( [coinmarketcap.com]( CoinMarketCap OpCo LLC, 8 The Green, STE 6703, Dover, Delaware 19901, United States