This is The Crypto Explorer! your Crypto tour guide.

A warm welcome to the 28 folks who joined us yesterday

Here’s what we got for you today:

• 👏 Ripple Secures regulatory approval in Singapore!

• 🗣️ Atomic Wallet gives an update on the $100 million hack.

• 🧱 Around The Block: Starknet moves closer to EVM compatibility with the upcoming ‘Kakarot’ testnet.

 👏 Ripple Secures Regulatory Approval in Singapore!

Ripple has obtained in-principle regulatory approval from Singapore's financial regulators, the Monetary Authority of Singapore (MAS).

The approval will allow Ripple to offer digital asset payments and token products in Singapore.

Ripple's subsidiary, Ripple Markets Asia Pacific, will also be able to expand its On-Demand Liquidity (ODL) service, which enables customers to move XRP globally without the need for intermediaries like banks.

You can find more details on the approval here.

Naturally, the Ripple exes are thrilled with this news.

Ripple CEO Brad Garlinghouse praised Singapore's pragmatic and innovative approach to cryptocurrency-related services, highlighting the country as a prominent gateway for Ripple's operations in the Asia Pacific region.

Even Ripple’s chief legal officer, Stu Alderoty had something to say.

In his words:

While all this good news is pouring in, Ripple is still having a bit of a tiff with the SEC.

Yep, they're still facing legal challenges over allegations of offering XRP as an unregistered security.

So, while Ripple makes its way into the Singaporean market, let's hope they can smooth things over with the SEC.🤞

🗣️ Atomic Wallet Gives An Update on $100 Million Hack.

Atomic Wallet has released an “event statement” addressing the June 3 exploit that has reportedly caused losses of up to $100 million.

In a recent blog post, the company claims that there have been no new confirmed cases of the hack after the initial reports.

They also reiterate their previous claim that only "less than 0.1%" of app users were affected and listed four probable causes of the exploit:

• A virus on user devices.

• An infrastructure breach

• A man-in-the-middle attack, or

• Malware code injection.

However, Atomic Wallet emphasized that none of these scenarios has been confirmed as the root cause of the breaches.

At this point, it’s safe to conclude that the wide range of possibilities presented by Atomic Wallet indicates a lack of understanding about the exploit's origin.🤷

Atomic Wallet has updated its security infrastructure and is diligently working on an app update to boost security, which has been verified by external auditors.

But this only brought about questions from industry experts.

Yevhenii Bezuhlyi, a former head of smart contract audit at Hacken, questioned the identity of the mentioned external auditors and where users can access their statements.

While Ouriel Ohayon, the CEO of a rival wallet provider called ZenGo, inquired about the specific reasons behind Atomic Wallet's decision to update their security infrastructure.

In the end, it seems like Atomic Wallet has left us with more questions than answers.😒

Read the full story here.

🧱 Around The Block: Starknet moves closer to EVM compatibility with the upcoming ‘Kakarot’ testnet.

• 🤖 EVM compatibility: Starknet moves closer to EVM compatibility with the upcoming ‘Kakarot’ testnet.

• ⚖️ Binance Lawsuit: Binance, Binance.US and CZ allege SEC made ‘misleading’ statements on exchange assets.

• 👏 Bitcoin ETF: Valkyrie joins rush with BTC spot ETF application to go with its futures, miners ETFs.

• 📑 Report: Banking is ‘slowly dying’ — Former TradFi execs on reasons for joining crypto.

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