Ripple Labs won the discovery from the U.S. Securities and Exchange Commission concerning its internal discussions about whether Ripple's XRP tokens are similar to cryptocurrencies like bitcoin and ether, which have not been officially deemed securities. Cryptocurrency exchange Coinbase saw a 117% quarter-over-quarter increase in monthly transacting users, the firm revealed Tuesday in its voluntary earnings report. All those users helped Coinbase rake in $1.8 billion over the quarter, driving a net income of approximately $730 million to $800 million, according to a new filing that comes ahead of the company’s Nasdaq listing next week.The Sacramento Kings are set to become the first major sports franchise to offer a bitcoin payment option to all players and staff, team owner Vivek Ranadivé said on Clubhouse on Monday. Fidelity, Coinbase, Square form crypto council to lobby policy makers.

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