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The Daily: Brazilian crypto launderer gets 128 years, Oregon AG sues Coinbase, Ripple backs XRP fund
The following is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Happy Friday! It's been a largely quiet day thanks to Good Friday today and Easter this weekend. The crypto market rebounded somewhat, with bitcoin hovering just below $85,000 as of writing.
In today's newsletter, the mastermind behind a $190 million cryptocurrency Ponzi scheme in Brazil gets a 128-year prison sentence, the Oregon attorney general sues Coinbase for alleged securities law violations, Ripple backs HashKey Capital's XRP Tracker Fund and more.
Meanwhile, Hyperliquid nabs 70% of the market share for onchain perpetual futures.
Let's get started.
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