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Court Ruling on Fraud Charges: Two MIT-educated brothers, Anton and James Peraire-Bueno, had their motion to dismiss fraud charges related to a $25 million cryptocurrency theft denied by US District Judge Jessica Clarke, who stated that the government sufficiently alleged their actions constituted fraud.

Details of the Alleged Scheme: The brothers are accused of exploiting a vulnerability in the Ethereum blockchain using their computer science skills to manipulate trading bots and execute a complex four-step plan to steal cryptocurrency, facing serious charges including wire fraud and money laundering.

Court Decision on FTX Claims: A Delaware bankruptcy court has reduced FTX's disputed claims reserve from $6.5 billion to $4.3 billion, unlocking $1.9 billion for distribution to creditors and customers, which is expected to expedite the repayment process.

Implications for Creditors: The ruling enhances the likelihood of quicker payments to FTX’s creditors and clients, with a record date set for August 15, while emphasizing transparency and effective communication throughout the payout process.

Solana Network Upgrade: The Solana network has increased its block capacity by 20% to 60 million compute units, allowing for more transactions per block, which is expected to lower fees and improve user experience. Plans are in place to further increase this limit to 100 million compute units.

Market Activity: Solana's token value surged over 12% recently, with firms like DeFi Development Corp and Bit Mining investing heavily in the Solana ecosystem, indicating growing interest and confidence in the platform.

Launch of Tokenized Agribusiness Security: VERT, a Brazilian firm, has introduced a $130 million tokenized agribusiness security on the XRP Ledger, aiming to enhance transparency and efficiency in Brazil's capital markets.

Impact on Financial Systems: This initiative is expected to strengthen Brazil's financial systems through blockchain technology, potentially increasing market participation and access while aligning with the country's growing investment in financial technology.