Here’s what happened in crypto today
In today’s crypto news, Coinbase emerged as the largest node operator on the Ethereum network, controlling 11.42% of the total staked Ether, equivalent to about $6.8 billion. The platform reported exceeding its target for validator uptime. In another development, Solana Labs CEO Anatoly Yakovenko expressed regret over a controversial advertisement that garnered backlash for downplaying messages related to gender identity. He termed the ad 'mean' and stated he was ashamed for his previous remarks about it, emphasizing the need for Solana to stay focused on its core mission away from cultural conflicts. Furthermore, crypto lawyer John Deaton remarked that the SEC's case against Ripple, alleging the XRP token as a security, is likely over. He highlighted that the SEC's decision to withdraw its claims indicates XRP is a digital commodity rather than a security. Deaton described this development as a victory for the crypto industry as it opens avenues for Ripple to potentially renegotiate its $125 million judgment.
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