GM, this is The Crypto Explorer, the only newsletter with headlines so hot our writer can't stand the heat! 🥵

Here’s what we got for you today:

• 🤯 Ripple Goes from Legal Drama to Market Triumph!

• 🎉 Major Update: Google Play Allows NFTs in Apps!

• 🧱 Around The Block: Former Celsius CEO Alex Mashinsky reportedly arrested.

 🤯 Ripple Goes from Legal Drama to Market Triumph!

Ripple Labs’ scored a partial victory over the SEC recently when it was ruled that the Ripple’s XRP token is not a security.

Within hours of the ruling, XRP market cap skyrocketed by a whopping $21.2 billion, hitting a yearly high of $46.1 billion.

And XRP zoomed its way up to become the fourth largest cryptocurrency by market capitalization, surpassing Circle's USD Coin (USDC) and Binance's BNB token.

The surge in demand for XRP led to increased trading volume —  Data from TradingView shows that the price of XRP surged as much as 98% in the hours following the decision, reaching as high as $0.93.

This remarkable surge even caused U.S. crypto exchange Uphold to temporarily go down due to the unprecedented spike in activity.

Several U.S. exchanges, including Coinbase, Kraken, and iTrustCapital have now made the XRP token available for trading on their respective platforms.

So, let's all raise a glass to the lucky XRP holders out there.🥂

🎉 Major Update: Google Play Allows NFTs in Apps!

Google Play just announced a major shift in policy!

Developers can now incorporate digital assets such as non-fungible tokens (NFTs) into their apps and games on Google Play Store.

And all they have to do is to make it clear in the Play Console that there are blockchain-based elements in the app.

See the company’s official statement here.

Previously, Google's stance on blockchain-based apps seemed elusive.

In 2018, the store banned crypto mining apps, a rule that remains unchanged even with the new guidelines.

It even kicked out games like "Bitcoin Blast" from the Play Store in 2021 without a clear explanation.

But now, there's a wind of change in the air!

Google has taken a more welcoming stance towards Web3, allowing decentralized data storage app ArDrive Mobile to appear in the store in 2022 as well as allowing Axie Infinity: Origins to be listed in select Google Play markets.

And of course, we have this new policy scheduled to roll out in full later this year.

Fun fact: Reddit, known for its successful Avatar NFTs, collaborated with Google on this new policy.

🧱 Around The Block: Former Celsius CEO Alex Mashinsky reportedly arrested.

• 🚨Arrest: Former Celsius CEO Alex Mashinsky reportedly arrested.

• ⚠️Warning: Circle CEO spells doom scenario for US dollar in warning to Congress.

• 🚀Launch: MultiversX launches on-chain two-factor authentication standard.

• ⚖️Resolution: Celsius 'pleased' with resolutions amid $4.7B FTC fine.

That's all we've got for you today.

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In any case, see you tomorrow, or on Twitter, if you're there: @danielakpobare

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions. Please be NEW”