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This Week In Crypto: Ripple’s Stablecoin, Cardano’s GameFi Push, Solana ETFs, Missouri’s CBDC Ban & More

Ripple is planning to launch its new RLUSD stablecoin, once approved by the NYDFS, while the XRP Ledger slashed activation costs, sparking a surge in new users. Cardano makes waves in the gamefi world with its Hydra Doom Tournament, and Solana sees growing institutional interest as Grayscale officially files for a spot ETF. Meanwhile, Missouri’s Senate introduces a bill to ban CBDCs as legal tender, adding to the ongoing debate on digital currencies.

NYC Mayor Eric Adams Takes Victory Lap: 'Remember Y'All Laughed When I First Got My Bitcoin? Who's Laughing Now?'

New York City Mayor Eric Adams is seizing the moment as Bitcoin's (CRYPTO: BTC) value edges closer to the $100,000 mark, up 129% this year. At a press conference on Tuesday, Adams had a pointed message for his skeptics: "Remember y'all laughed at me when I first got my Bitcoin? Who's laughing now?" Adams, who took his first three paychecks in Bitcoin and Ethereum (CRYPTO: ETH) upon assuming office in January 2022, faced ridicule at the time. Don’t Miss: The global games market is projected to ge

Australian regulator moves to curtail criminal use of cryptocurrency

The Australian Transaction Reports and Analysis Centre (AUSTRAC) said its findings showed cryptocurrency was increasingly being exploited for money laundering, scams and money mule activities. AUSTRAC's taskforce will ensure digital currency exchanges that provide crypto ATM services have robust practices in place to minimise the risk of their machines being used to move money associated with scams or fraud, the government agency said.