Ripple scored a partial win against the SEC this week that has been cheered on industry-wide. Why does the project itself remain so controversial? Author: Sam Kessler

Kik, the instant messaging app, founded KIN in 2017 but was forced to pay $5 million settlement to the SEC. Author: Sam Kessler

The balance held in wallets tied to centralized exchange has surged by 50% in three days, per Glassnode data. Author: Omkar Godbole

PLUS: Last week’s partial court victory for Ripple last week buoyed Coinbase’s share price by clarifying a nettlesome regulatory issue. The company still needs to recapture trading volume but seems headed for better times, an analyst says. Author: James Rubin, Sam Reynolds

Crypto custodian Prime Trust has been ordered by the Eighth Judicial District Court of Nevada, where the company has its headquarters, to be put into receivership after the state ordered the custodian to cease all activities amid a shortfall of customer funds. Author: Helene Braun