The cryptocurrency world has once again witnessed a week filled with captivating headlines, with Ripple, Binance, and Shiba Inu taking center stage. Let's delve into the key events that have sparked the interest of traders and investors alike.

Ripple's Legal Battle with the SEC Takes an Intriguing Turn

The ongoing legal tussle between Ripple and the U.S. Securities and Exchange Commission (SEC) has taken an exciting turn. Ripple, the company behind the cryptocurrency XRP, expressed relief as Magistrate Judge Sarah Netburn was nominated as the District Judge in the Southern District of New York. This development is seen as a positive one for Ripple, as the Judge has previously demonstrated a supportive stance towards cryptocurrencies and issued impartial rulings.

Furthermore, Judge Netburn's recent ruling on the Ripple vs. SEC lawsuit has sent ripples across the crypto space. She has set a schedule for the ongoing legal dispute, granting the SEC an extension until April 29, 2024, to provide their rebuttal to Ripple's motion to dismiss the SEC's recent expert submissions. Ripple will then have three business days to reply, keeping the crypto community on the edge of their seats.

Binance Founder Faces Potential Imprisonment

In a separate development, the founder of Binance, Changpeng Zhao, also known as 'CZ,' appears to be potentially liable to face a 36-month prison sentence. According to a court filing on Tuesday, April 23, U.S. prosecutors have claimed that 'CZ' should serve 36 months in prison over allegations of violating anti-money laundering (AML) laws on U.S. grounds.

Zhao, who stepped down as the CEO of Binance last November, is awaiting a final sentencing on April 30. This development has further added to the complexities within the crypto industry, with the broader crypto community closely following the proceedings.

Shiba Inu Advances with Crypto Venture

Shiba Inu, the self-proclaimed "Dogecoin killer," has made significant strides with its crypto venture this week. The dog-themed meme token has revealed plans to introduce a layer 3 blockchain, further revolutionizing its cryptographic developments. This layer 3 blockchain is a result of Shiba Inu's collaboration with Zama, and there are whispers in the market about it being an FHE (Fully Homomorphic Encryption) based blockchain, which has the Shiba Inu community excited.

Additionally, the Shiba Inu community has announced plans to introduce a hard fork for Shibarium, aiming to facilitate faster block processing and more predictable transaction fees.

These captivating events have undoubtedly captured the attention of crypto market traders and investors, keeping the crypto sphere abuzz with anticipation and speculation.