A new report shows lack of information is a major barrier to digital asset adoption among US consumers. 70% of non-crypto holders surveyed feel they need more information before considering using digital assets. Many lack understanding of how crypto works and have concerns about security, fraud, and project leaders. 34% are open to learning more.

The National Cryptocurrency Association (NCA) conducted a second-quarter survey that fell short compared to previous data. In May, a Harris Poll of 54,000 people suggested about one in five US adults owned cryptocurrency. Ripple’s $50-million grant aims to educate Americans on crypto adoption through stories.

Ripple’s chief legal officer and NCA president, Stuart Alderoty, calls the NCA “politically agnostic.” Ripple executives have been active in Washington, D.C., with visits to the White House, attendance at various events, and testimony at a US Senate Banking Committee hearing on digital asset market structure. Ripple aims to increase its presence in Washington.

Read more at Cointelegraph.com

1. Bitcoin reaches new all-time high of $60,000, driven by increased institutional interest and mainstream adoption. The cryptocurrency market capitalization surpasses $1 trillion for the first time, with Bitcoin dominating over 60% of the total market.

2. Ethereum’s price hits a record high of $2,000 as the network experiences increased usage and growth in decentralized finance (DeFi) applications. Ethereum’s market capitalization exceeds $200 billion, solidifying its position as the second-largest cryptocurrency by market value.

3. Ripple’s XRP surges by 20% following a court ruling in its favor regarding a lawsuit filed by the U.S. Securities and Exchange Commission (SEC). The judge grants Ripple access to internal SEC discussions on whether XRP is considered a security, boosting investor confidence in the cryptocurrency.: 50% of Non-Investors Say They Don’t Understand It Well Enough to Buy