The SEC is seeking to dismiss its lawsuit against crypto giant Binance, according to a court document filed on Thursday.
The SEC will still bring enforcement cases against bad actors in crypto, said SEC Commissioner Hester Peirce.
More than 90% of XRP’s supply is currently profitable, even though the token’s price has remained relatively flat for the past three months. Data from on-chain analytics firm Santiment reveals that most of XRP’s circulating supply was acquired at lower price points than its current market value. This level of profitability places XRP ahead of […]
The post XRP’s profitability surges over 90%, outpacing Ethereum, Chainlink, and others appeared first on CryptoSlate.
Ripple has called on the US Securities and Exchange Commission (SEC) to establish clearer standards for determining when a digital asset no longer qualifies as part of an investment contract. The company submitted a detailed letter to the SEC’s Crypto Assets and Cyber Unit on May 27, expanding on a question raised by Commissioner Hester […]
The post Ripple challenges SEC’s decentralization focus, proposes network maturity standard appeared first on CryptoSlate.
Circle plans to offer 24 million shares of its Class A common stock at between $24 and $26, according to an updated SEC filing.
Investor optimism for a spot XRP ETF has climbed sharply. Based on Polymarket’s data, the odds of a green light sit at 83%. That figure comes even as the US Securities and Exchange Commission keeps pushing decisions back. Some industry watchers say the regulator simply uses its full review window. Related Reading: Bitcoin To $125K By End Of Q2? Bold Call From Bybit Executive Analyst Predictions And Timeline According to Bloomberg’s James Seyffart, the SEC often takes the full 240 days to weigh 19b-4 filings. He pointed out that the agency asked for an extra 45 days on May 20 to rule on Bitwise’s Ether staking change, moving the deadline to May 22. Based on his posts on X, almost all spot ETF bids now face final due dates in October. That makes any early summer approvals highly unlikely. Spot Versus Futures Products On May 19, the Chicago Mercantile Exchange rolled out an XRP futures contract for the first time. A few days later, Volatility Shares listed the XRPI futures ETF on Nasdaq. Then Tectrium added a 2x Long Daily XRP ETF for those seeking more leverage. These products let traders bet on XRP’s future price in a regulated setting. They are not the same as a spot ETF, but they signal growing interest among big investors. Institutional Access Through ETFs Based on reports, Ripple’s CEO, Brad Garlinghouse, spoke on the company’s podcast about why ETFs matter. He said ETFs let Wall Street buy crypto without wrestling with exchanges or private wallets. He highlighted that the Bitcoin ETF hit $1 billion in assets faster than any other, and then reached $10 billion on record. That track record, he argued, paves the way for similar products tied to XRP. Market Outlook And Caution According to SEC filings and industry chatter, delays are normal. The commission has already postponed decisions on Grayscale’s XRP tracking fund and a Solana ETF. Related Reading: Investors Pour $2.75 Billion Into Bitcoin ETFs As Price Skyrockets Analysts warn that odds in prediction markets can shift wildly. An 83% chance today could drop if the SEC raises new questions or requests another comment period. Investors should keep an eye on the calendar as October approaches. Excitement And Patience The buzz around an XRP spot ETF reflects real excitement, but history shows regulators move slowly. Futures ETFs like XRPI offer one path into XRP’s market, yet they come with quirks like contango and premium swings. For now, institutions and retail traders alike will watch the SEC’s deadlines with keen interest—and maybe a bit of patience. Featured image from Gemini Imagen, chart from TradingView
According to an analyst, XRP could jump to $27 within about 60 days if it really does follow the same path it took back in 2017. The market expert points out that the token is acting a lot like it did before, and that has some traders watching closely. The setup is simple: repeat history, hit big targets, cash out along the way. Related Reading: Traders Pile In: Bitcoin Open Interest Hits All-Time High As Price Nears $112K XRP Fractal Moves Mirror 2017 Based on reports, XRP first climbed from $0.0055 in March 2017 to $0.3988 by May of that year. Then it cooled off for roughly six months. In its current run, XRP lagged around $0.50 through most of 2023 and into early 2024. After the US elections in November 2024, it shot up nearly 600%—from $0.50 to $3.40 by January 2025. Now it’s pulled back and is sitting still. That pattern looks a lot like what happened eight years ago. #XRP – Fib Circle & The Surge (1700% in just 60 Days!): If #XRP is repeating the last section or pattern from October 2017, we might be on the brink of a major breakout soon! ???? Back in October 2017, XRP took roughly 63 days to explode and set a new all-time high, skyrocketing… pic.twitter.com/hXJLv6M5Tr — EGRAG CRYPTO (@egragcrypto) May 23, 2025 Fibonacci Levels And Profit Marks Analyst Egrag Crypto pinpoints three clear price zones before the big $27 goal. First is $8.49 (the 1.272 Fib extension). Next sits at $13.79 (1.414 Fib). Finally, if the token truly repeats 2017’s second wave—a 1,772% surge—it would top out near $27. To get there in 60 days is a stretch. But the math lines up if history really does rhyme. Traders are being told to book gains along the way instead of waiting for that final number. Support Lines Hold The Key He also notes that XRP needs to stay above the 21-week exponential moving average. That line is around $2.30 right now. XRP trades at about $2.33, so it’s only just ahead. If price dips under that moving average, the bullish case starts to wobble. A drop below $2.30 could see sellers step in and push it back toward tougher floors, like the $2.00 zone or other support bands from on-chain data. ???? #XRP is about to enter one of the most important moments in its history. Imagine holding 5589 XRP before the market explodes. Let me explain in this ???? why May 19 could change everything ???? pic.twitter.com/fS4GaWXENC — J4b1 (@XRPJ4b1) April 27, 2025 Futures And Volume Signals A fresh wrinkle comes from CME Group’s new XRP futures contracts. They went live in mid-May 2025, and only 1,380 contracts have traded so far—roughly $35.8 million in volume against XRP’s $138 billion market cap. hilarious that only 1,380 contracts of the new XRP futures traded on CME since launching over a week ago 1 contract value is $24k, so only $35.8mm USD market value traded in a week (~$5MM/day)… on a $138bn Market Cap/$233bn FDV token? over half of the volume is probably market… pic.twitter.com/xYavBXnDXO — Gold Mansacks (@Gold_Mansack) May 20, 2025 That’s a tiny fraction, and some say it’s underwhelming. Yet it could be the start of wider institutional flows if volume picks up. Watching that number in the coming weeks may tell us if big players are stepping in. Related Reading: Buy XRP Before It Explodes To $1,000, Market Expert Says Market watchers have doubts about a 1,772% move in two months. Regulators still have Ripple’s legal standing hanging in the air, and broader crypto sentiment can shift fast. Yet others feel that once XRP clears $2.70—that’s the 1.414 Fib level—it will have enough momentum to push past $3.00 and beyond. Based on all this, a move to $27 by July 2025 is not off the table, but it won’t be easy. Featured image from Pexels, chart from TradingView
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Ripple’s token XRP jumped to $2.44 Thursday, climbing 1.80% in under three hours. Traders who thought the rally was over got a surprise. Suddenly, talk of a fresh push above the $3.4 barrier is back in play. Related Reading: Bitcoin Goes Corporate In Indonesia With $100 Million Treasury Shift Golden Cross Signal According to Dark Defender’s post on X, a golden cross formed on the weekly RSI back on November 4, 2024. That same signal came before a run from $0.5029 to $3.388. Some believe history could repeat itself this time. If traders follow the pattern, a move to $5.85 isn’t out of reach. XRP Price Moves Based on on-chain data, XRP has bounced between $2.36 and $2.44 over the past day. Volume picked up as Bitcoin climbed. Right now, XRP sits at $2.445, up 0.83% in the last 24 hours. Breaking $3.33 would erase its 90-day slide of 5.62%. Clearing that level could clear the way for bigger gains. On 4 November, #XRP had a Golden Cross Signal on weekly RSI. We warned in October. Today, XRP RSI has produced the same signal after 200 days! XRP is targeting $3.33 in the short term, and is expected to fire the bullet, which will then likely flatten itself against the $5.85… pic.twitter.com/SthErQvaJE — Dark Defender (@DefendDark) May 22, 2025 Bitcoin’s New High Last week, Bitcoin surged past $109,000—its highest mark ever. That jump has lifted many altcoins, and XRP is no exception. Another analyst pointed out that Bitcoin rose from $27k to $74k over about two years, while XRP could match that rise in a much shorter span. It’s a bold claim, but the timing does feel ripe. ETF Approval Odds Based on prediction by Polymarket, there’s an 83% chance the SEC will approve an XRP ETF. Big names like Bitwise and Grayscale have filings in play. If those get the green light, institutional flows could pour in. Some US-listed leveraged XRP futures already trade heavily, showing strong demand. Whales And Wider Trends Whale wallets keep accumulating XRP, adding to the buzz. Every time large holders buy, prices tend to spike. At the same time, broader market mood matters. If Bitcoin pulls back, altcoins often follow. But right now, the tide seems to be turning in XRP’s favor. Related Reading: Buy Bitcoin, Ditch The Banks Before It’s Too Late—Kiyosaki What Comes Next A break above $3.4 would set a new cycle high. Hitting $5.80 would mean doubling today’s price. It won’t be easy. Traders will watch RSI, moving averages, and whale activity closely. Regulatory news on the ETF front will be crucial. For now, XRP bulls have reasons to cheer—but they’ll need patience too. Featured image from Unsplash, chart from TradingView
Haliey Welch says she “didn’t know enough about crypto” — despite previously claiming she’d “learned so much” ahead of her failed token launch.
Unicoin’s CEO announced last month that he’d rejected the SEC’s offer to negotiate a settlement.
Unicoin claimed to have sold over $3 billion worth of certificates, when in fact it raised no more than $110 million, the SEC said.
The SEC pushed back deadlines for a few proposals on whether to approve exchange-traded funds tracking XRP and Dogecoin.
SEC Chair Paul Atkins fielded questions from lawmakers about President Trump-linked memecoin and connections to Justin Sun.
The SEC pushed back its deadline on whether to move forward with two proposed Solana exchange-traded funds and asked for public comment.
The hack in January 2024 briefly sent bitcoin’s price surging $1,000 before crashing back down minutes later.
Ripple’s bid to wrap up its long‑running fight with the US Securities and Exchange Commission hit a snag on May 15. A federal judge in New York tossed out the deal because it was filed the wrong way. This hiccup doesn’t change past rulings, but it does force both sides back to the drawing board. Related Reading: Ticking Clock To $200K: Bitwise CIO Predicts Bitcoin’s Price Explosion Court Blocks Settlement Motion According to court papers, Judge Analisa Torres ruled that Ripple and the SEC used the wrong rule to ask for a change. They tried to dissolve an injunction and chop a $125 million fine down to $50 million. But under Rule 60, you need to prove “exceptional circumstances” when you’re asking to revisit a final order. Without that proof, the judge said the motion was “procedurally improper” and tossed it. Nothing in today’s order changes Ripple’s wins (i.e. XRP is not a security, etc). This is about procedural concerns with the dismissal of Ripple’s cross-appeal. Ripple and the SEC are fully in agreement to resolve this case and will revisit this issue with the Court, together. https://t.co/vBQdBD3FNe — Stuart Alderoty (@s_alderoty) May 15, 2025 Source: US District Court Southern District NY/SEC. Parties Must Refile Under Rule 60 Based on reports from attorney James Filan on X, Ripple and the SEC agreed on the deal back on May 8. They even filed papers together. Yet, they skipped the part about showing why they should get a do‑over. Now, both sides have to write up a new motion. Fred Rispoli, another lawyer, said they’ll have to “do it the hard, messy way” by following the rule book. That means spelling out why a final court decision needs a second look. Market Reacts With Price Drop When word got out, XRP took a hit. The price slid about 2.5% in a single day. Open interest also fell by 9% to $4.90 billion, according to CoinGlass data. Long positions worth over $21 million were wiped out as traders scrambled to cut losses. Short‑term traders are watching a key support level at $2.35. If that line holds, we might see a bounce. If it breaks, prices could dip even further. XRP price down in the last 24 hours. Source: Coingecko Legal Wins Remain Intact Ripple’s chief legal officer, Stuart Alderoty, reminded everyone that past victories are safe. In 2023, a judge ruled that XRP wasn’t a security in programmatic sales. Institutional sales still count as securities, but retail sales were cleared. Alderoty said on X that this recent setback is just about “procedural concerns with the dismissal of Ripple’s cross‑appeal.” He made it clear that nothing in that ruling takes away what Ripple already won. Related Reading: Dogecoin’s $1 Dream: Analyst Reveals When It Could Finally Happen Next Steps For Ripple And SEC Now, both sides face a longer road ahead. They’ll need to gather evidence for a new Rule 60 motion. That could push any final settlement into late summer or beyond. Until then, traders will keep their eyes on court calendars and price charts. Featured image from Bankless Times, chart from TradingView
The man behind the hacking of the SEC's social media account that posted a fake announcement about spot bitcoin ETFs was sentenced on Friday.
Judge Analisa Torres rejected the proposed $50 million settlement, saying the joint request was filed improperly and lacked required legal justification.
Coinbase shares dropped 7% after disclosing a cyberattack and a resurfaced SEC probe on old user metrics.
The US Securities and Exchange Commission (SEC) has issued fresh guidance that could facilitate broader institutional use of digital assets. In a May 15 updated FAQ, the agency addressed how existing securities laws apply to broker-dealers and transfer agents involved in crypto services. Commenting on the development, SEC Commissioner Hester Peirce noted that the guidance […]
The post Chainlink praises SEC’s guidelines, setting stage for crypto integration in institutional finance appeared first on CryptoSlate.
Mubadala Investment Company added an extra 491,439 shares in BlackRock's IBIT Bitcoin ETF in Q1, currently worth $28.8 million.
The investigation began under former SEC Chair Gary Gensler and has continued under the current administration, according to the NYT, which first reported the story.
Never miss a beat with The Block's daily digest of the most influential events happening across the digital asset ecosystem.
In a 2023 securities filing, Coinbase said it would begin disclosing “monthly transacting users” rather than the “verified users” statistic.
XRP has pushed past $2.60 again this week, marking its second break above that level in just a few days. The token is up 17% over the last seven days as traders set their sights on the $3 mark. Related Reading: XRP Frenzy Builds: Over $1 Billion in Open Interest Signals Breakout Tension Based on reports from well‑known trader CryptoWZRD, a fresh all‑time high could be around the corner. But what stands behind these bullish calls, and how realistic are they? Historical Patterns Point Higher According To CryptoWZRD, XRP’s climb follows a familiar script. He highlights two long phases of calm price action—in 2014–2017 and again since 2018—that were each followed by big rallies. After holding as low as $1.60 in the recent downturn, XRP is now up 60% from that trough to return to $2.47, when this article was made. His chart suggests that this leg could carry XRP past the $5.00 mark. If that plays out, the token would more than double from today’s levels. ???? THE ONLY WAY IS UP ???? Grinding higher.. ⚠️ $XRP held its ground but not only that has reversed, stop fighting it.. a new all time high is inevitable ???? Patience Pays.. pic.twitter.com/ebqPJmDiso — CRYPTOWZRD (@cryptoWZRD_) May 12, 2025 Market Cap Could Eclipse Ethereum Based on the analyst’s math, a $5.90 XRP would push its market cap above $345 billion. That sits just above Ethereum’s current $317 billion valuation. Flipping ETH might feel bold, but it’s worth noting that ETH bulls have piled back in. Ethereum jumped 30% over the past week—nearly twice XRP’s gain. So even if XRP finds room to run, it may face stiff competition on overall market share. Wider Community Weighs In Other analysts compared today’s roughly 5% market dominance to the 30% seen in early 2018, when XRP reached $3.84. They think a return to that share could drive the price past $10 this year. Related Reading: Avalanche Rumbles 21% Amid Record-Breaking Address Activity Bull Case Versus Bigger Risks Not Everyone is convinced that numbers tell the full story, though. Legal headwinds in the US still hang over XRP after its lawsuit with the SEC, and any setback there could send prices tumbling. Market experts painted a super‑bullish scenario too, saying that if the global crypto market hits $35 trillion, XRP could reach a $1.25 trillion cap—roughly $20 per coin. That’s a 750% jump from $2.60. But even seasoned investors know that giant leaps rarely happen without sharp pullbacks along the way. At this stage, traders have a clear choice. They can chase XRP as it tests new ground, or they can wait for a pause or pullback before jumping in. The token’s recent strength is real, but the road to fresh highs could be bumpy. Whether it’s $5.80 or even $20, odds are the journey will be anything but straight. Featured image from The Market Periodical, chart from TradingView
Wintermute is expanding to New York City, tapping policy veteran Ron Hammond as it positions itself in a favorable regulatory environment.
Ark also bought $7.6 million of 3IQ's Solana staking ETF and sold shares in Jack Dorsey's Block as it rebalanced its fund weightings.
The SEC pushed back its deadline for whether to approve Nasdaq's proposal to allow in-kind redemptions for the IBIT ETF.
New SEC Chair Paul Atkins plans to assume a "new day" at the agency for cryptocurrency regulation and outlined details on Monday.