Blockchain DXB: Crypto & Coffee at 8 ☕ 24th June 🚨 Ripple CEO Brad Garlinghouse faces trial 🚨 Standard Chartered Launches #BTC & #ETH Trading Desk ⚡ McKinsey reports ⁠$2T of Tokenized RWAs by 2030

24th June: Crypto & Coffee at 8
🔵 Ripple CEO Brad Garlinghouse faces trial 🚨 Standard Chartered to Launch hashtag#BTC, hashtag#ETH Trading Desk ⚡ CoinStats security breach 🔴 McKinsey & Company — just $2T of Tokenized RWAs by 2030

🔵 Ripple Labs is facing another legal battle as a civil securities lawsuit against its CEO, Brad Garlinghouse, has been approved by a California federal court judge. The lawsuit alleges that Garlinghouse made misleading statements in a 2017 interview and will proceed to trial with a jury. Info via Decrypt https://lnkd.in/dwUZU32y

❗ The lawsuit centres around an interview Garlinghouse gave to Canada’s BNN Bloomberg in 2017, where he stated that he was “very, very long” on XRP. This lawsuit is separate from the ongoing legal battle between Ripple and the SEC, which claims that XRP is a security. 

📊 As per a Bloomberg report, British multinational bank Standard Chartered is creating a Bitcoin and Ethereum trading desk in London. Standard Chartered is launching a Bitcoin and Ether trading desk in its FX unit based in London, becoming one of the first major global banks to enter direct cryptocurrency trading. The move follows partnerships with regulators to meet institutional demand and supports the bank’s strategy in the digital asset ecosystem. Despite recent market volatility, including a decline in Bitcoin’s value, the launch of US Bitcoin exchange-traded funds has boosted market liquidity and institutional confidence in cryptocurrencies. Info here https://lnkd.in/dAFEmk_h

⚡ CoinStats had a security breach with 1,590 CoinStats crypto wallets ‘affected’ Info via Twitter (X) here https://lnkd.in/dfNvMbne The porfolia manager has assured users that the security breach has been “mitigated,” and it will provide updates in due course. 

🚨 McKinsey predicts the tokenized asset market will reach about $2 trillion by 2030 in their base scenario, excluding certain digital currencies. They caution that widespread adoption of tokenization is still distant, but early adopters could gain substantial market share. Challenges include regulatory uncertainties and integration complexities. Report here https://lnkd.in/d4s8Uy5g Check out Blockchain DXB podcast we share our commentary on this 

🟠 Two UAE news (See slides)
⚡ 19 countries in the Middle East and Central Asia are exploring issuing a CBDC- International Monetary Fund
⚡ UAE AI office and Samsung Electronics sign MOU to advance AI adoption

For slides click here: https://tinyurl.com/kbmc3vus

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