Binance Faces Legal Scrutiny from French Regulators 🇫🇷****
French investigators have launched a probe into cryptocurrency exchange Binance, accusing the platform of money laundering, tax fraud, and other criminal activities. The investigation spans the period from 2019 to 2024 and extends beyond France, covering the entire European Union.

According to the prosecutor’s office, the inquiry involves money laundering, particularly in connection with drug trafficking. Binance’s team has rejected all accusations and stated that they will vigorously defend against the charges.
*❤️‍🩹 Finding a reliable and user-friendly exchange isn’t easy. To help new crypto investors, our team at itez has compiled a list of the top 10 cryptocurrency exchanges. Read our special review for all the details.*
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SEC Removes All References to Ripple Case
The U.S. Securities and Exchange Commission (SEC) has unexpectedly removed all mentions of its ongoing lawsuit against Ripple from its official website. However, references to other ongoing legal actions against cryptocurrency companies remain visible.

Some users believe this could signal that the legal battle between the SEC and Ripple is finally coming to an end. If these rumors are true, it would mark a significant milestone for the entire crypto industry. Most notably, it would serve as a concrete indication that the approach to digital assets has shifted with Donald Trump’s presidency.

🔥 Previously, the itez team covered the most high-profile clash between regulators and crypto enthusiasts — the SEC vs. Ripple case. Read all the details of this legal battle in our article.

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Tuttle Capital Files for 10 Crypto ETFs 👀
Tuttle Capital Management has submitted applications to launch ten leveraged spot exchange-traded funds (ETFs). The proposed funds include those based on Chainlink (LINK), Cardano (ADA), Polkadot (DOT), BenePit Protocol (BNP), and even the Melania Meme (MELANIA) token.

Bloomberg ETF senior analyst Eric Balchunas noted that Tuttle Capital filed under the Investment Company Act, which could theoretically allow the ETFs to begin trading as early as April, provided the SEC does not reject the applications.
*🔥 Previously, we explained what spot ETFs on Ethereum are and what their launch means for the market. Be sure to read it if you missed it!*
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Trump slightly disappointed crypto frens ?****
On Monday, August 12, Tesla and SpaceX CEO Elon Musk interviewed U.S. presidential candidate Donald Trump. Everything seemed fine, except that crypto enthusiasts were very upset that during the conversation, the politician did not mention the topic of cryptocurrencies even once.

The lack of discussion about crypto disappointed not only the members of the crypto community, but also the memecoin sector. Before the interview, the coins MAGA (TRUMP) and MAGA (MAGA), dedicated to Trump, saw an increase. However, during the interview, they dropped by 7.99% and 26.30%, respectively.
*? From our new article you will discover when and why Trump started supporting cryptocurrency, and what the future holds for the US crypto market if he becomes president.*

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Unexpected discounts ?****
Yesterday, 11th August, the average gas fee on the Ethereum network dropped below 1 Gwei.

This reduction is attributed to the rise in transactions on Layer 2 networks (L2). Experts also link the lower fees to the introduction of blob-based transactions following the Dencun update in March.

*? Want to know how Ethereum transactions work and how to save on gas fees? The itez team has already covered it in this article.*
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Farewell, tokens ?****
The Binance team continues its ongoing evaluations, revealing that six more tokens no longer meet the exchange's requirements: PowerPool (CVP), Ellipsis (EPX), ForTube (FOR), Loom Network (LOOM), Reef (REEF), and VGX Token (VGX). These assets are scheduled for delisting on 26th August.

? Previously, we covered Binance Smart Chain, the exchange's own blockchain. You can find a comprehensive review of this development in our article.

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Meeting with crypto leaders postponed ?****
Representatives of Kamala Harris have rescheduled their meeting with leaders of the crypto industry.

The meeting, initially set for Monday, 5th August, has been postponed. It will now take place on Thursday, 8th August, at 11:45 AM Eastern Time.
*? From our new article you will discover when and why Trump started supporting cryptocurrency, and what the future holds for the US crypto market if he becomes president.*

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Solana in the lead ?****
Today, the altcoin SOL has not only led the intraday growth but has also set another record. Solana has reached an all-time high relative to Ethereum (ETH).

According to TradingView, the SOL/ETH ratio stands at 0.061. This ratio indicates how many Solana tokens can be bought with one Ethereum token. If the ratio decreases, it means the value of one ETH is increasing relative to SOL.

? Recently, Solana has seen a surge in the creation of new meme coins. Read our article to learn how this meme-mania has helped the network break into the top 5 by market cap.

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Outflows resume ?****
Last week, from July 29 to August 2, cryptocurrency investment products saw an outflow of $528 million. This marks the first capital outflow from crypto funds in the past four weeks, according to CoinShares.

Bitcoin (BTC) led the outflows among cryptocurrencies, with $400 million withdrawn from funds focused on the leading cryptocurrency by market capitalization. Ethereum-based exchange-traded products lost $146 million, bringing the net outflow since the launch of ETH-ETFs in the US to $430 million.

Read our new article to learn how quantum computing differs from conventional computing and how it can change the world of finance ?**
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