In response to the community's opinion that zkSync's LIBERTAS OMNIBUS NFT airdrop is not random enough, the official tweet said that this airdrop is for the first 10,000 of the 179,365 qualified community members, and the remaining 169,365 users will be eligible to participate in the multi-stage after EthCC Obtain LIBERTAS OMNIBUS NFT in the process.

John Reed Stark, a former executive at the U.S. Securities and Exchange Commission, said the court’s ruling in the Ripple case was troubling on several fronts. The ruling appears to run counter to the SEC's mission to protect investors. The court ruled that XRP was sold as a security to institutional investors. Thus, the ruling grants institutional investors the protections offered by the SEC. However, since the court ruled that XRP is not a security when it is sold on cryptocurrency exchanges, the ruling does not protect retail investors. Stark added that the ruling was not only arrogant but insulting because it assumes that retail investors are generally stupid. Ripple's ruling is likely to be appealed. In addition, given the unprecedented nature of the ruling, it is likely that the Court will immediately grant an interlocutory appeal, which is likely to be heard by the Second Circuit.

J.W. Verret, an associate professor at George Mason University School of Law and a former member of the US SEC Advisory Committee, interpreted the recent XRP judgment and its impact on Coinbase's prosecution of the SEC case on The Scoop podcast. JW Verret said that in addition to providing a level of regulatory clarity for crypto assets, the court's ruling on XRP will greatly improve Coinbase's chances of winning in court proceedings with the SEC.

Hagaetc.eth, the founder of the blockchain data analysis platform Dune, tweeted three reasons why he doesn’t like airdrops, namely, creating a get-rich-quick “community” and absurd capital support for liquidity mining groups , and will not create long-term value for anyone. He said that if Dune had a plan to issue tokens, it would have been implemented a long time ago, but in fact it has not, and will not issue tokens in the future.

The U.S. Southern District Court's ruling in part in favor of Ripple represents a landmark victory for the crypto industry and clarifies what is and isn't a security, JPMorgan wrote in a research note on Friday. Analysts say that large capital pools have been reluctant to participate in the industry amid unclear rules, while associated regulatory pressures have slowed innovation, adoption and the valuation of the overall crypto ecosystem. Although Ripple's victory is positive, JPMorgan Chase pointed out that this is not the end of the regulatory battle in the encryption industry, because the US SEC can appeal this ruling and may continue to pursue similar cases in the future. The industry is now on a stronger footing, which could affect ongoing cases, the report said. But don't think the regulatory pressure will go away, it's just lessened. Analysts also say there are still many unresolved legal issues for the industry to reach its full potential.

Coinbase officially issued a document stating that on June 6, 10 states in the United States initiated litigation procedures related to Coinbase’s retail pledge service. The vast majority of our customers have not been impacted, but have requested restrictions on our retail mortgage services pending the completion of the proceedings in California, New Jersey, South Carolina, and Wisconsin. Restricting staking will not do local residents any favors. It will only limit these residents from participating in and benefiting from the crypto economy. But we will follow the orders of the states during the litigation process. We support staking. Today, almost all major blockchains rely on staking because it is open, secure, and environmentally friendly. Americans in every state deserve the same technological and economic opportunities.

According to KPMG official Weibo news, KPMG and Microsoft recently announced a significant expansion of their global partnership. KPMG announced that it will spend billions of dollars to use Microsoft cloud and AI services in the next 5 years. KPMG expects this collaboration to represent a potential revenue growth opportunity of $12 billion for KPMG.

Congressman Ritchie Torres has asked the U.S. Securities and Exchange Commission (SEC) to conduct two separate investigations into its "casual and harsh approach to digital assets." Torres sent a letter to the US SEC Inspector General Deborah Jeffrey and the Eighth US Comptroller Gene Dodaro, requesting an investigation into the SEC's granting of a special purpose broker-dealer (SPBD) license to Prometheum under unusual circumstances and failure to provide real-world digital assets. The registration of the platform establishes a strict but feasible process. Torres thinks the SEC is behaving like an overzealous "traffic cop," ticketing drivers at will while keeping speed limits a secret. And added that "enforcement regulation is not the way to regulate."

The crypto exchange Gemini tweeted that in view of the court ruling today that selling XRP on the exchange is not a security, Gemini is exploring the launch of XRP spot and derivatives transactions. According to previous news, a US federal court ruled on Thursday that the sale of XRP tokens on exchanges and through algorithms does not constitute an investment contract. According to CoinGecko, XRP is currently trading at $0.788880, a 67% increase in 24 hours.