Key Highlights in the Crypto Zone This Week: Crypto ETFs, Ripple, and Binance Take Center Stage

• The SEC dismissed the allegations against Ripple CEO Brad Garlinghouse and co-founder Chris Larsen, sparking discussions about a potential SEC appeal.

• American legislators urge the US government to address the use of cryptocurrency in funding terrorist activities.

• Rumors and positive sentiments surround the BTC-spot ETF market, with fake news contributing to the optimism.

The SEC dismissed the case against Ripple's CEO Brad Garlinghouse and co-founder Chris Larsen, expressing a willingness to engage in discussions with Ripple to potentially resolve remaining charges related to XRP institutional sales. This move resulted in a surge in XRP prices, yet there were concerns that the SEC's actions were driven by intentions to appeal the ruling on the Programmatic Sale of XRP, impacting investor sentiment.

Additionally, false reports circulated regarding the SEC's approval of the Blackrock BTC-spot ETF, causing a brief fluctuation in BTC's price. While this misinformation made waves in the market, there was growing anticipation for the SEC's potential approval of BTC-spot ETF applications, with firms like Fidelity and Grayscale amending their applications. Analysts raised expectations for these approvals, further fueling market optimism.

Binance faced heightened scrutiny after Israeli authorities ordered the freezing of over 100 Hamas-linked crypto accounts held with the platform. This development occurred amidst Binance's ongoing legal battles with the SEC, drawing renewed attention from US lawmakers.