U.S. Court Rejects Ripple and SEC's Request to Reduce $125 Million Penalty
A U.S. District Court for the Southern District of New York has rejected a joint request from the Securities and Exchange Commission (SEC) and Ripple for an "indicative ruling" aimed at reducing a $125 million civil penalty by 60% and reversing a prior decision that categorized institutional sales of XRP as securities transactions under Section 5 of the Securities Act.
Judge Analisa Torres stated that the court would not reverse its earlier rulings, which were consistent with federal securities laws. She wrote, “Ripple’s willingness to push the boundaries of the [Summary Judgment] Order evinces a likelihood that it will eventually, if it has not already, cross the line. None of this has changed — and the parties hardly pretend that it has.”
The judge emphasized that the proper way to modify or overturn a penalty is through the congressionally mandated appeals process—not by petitioning the lower court directly.
On March 19, Ripple CEO Brad Garlinghouse announced the SEC had dropped its appeal, calling it a “resounding victory” for Ripple and the crypto industry. As part of winding down the case, both parties filed a motion to release $125 million in escrow. Under the proposal, $50 million would be paid to the SEC as a discounted penalty, while $75 million would be returned to Ripple—pending court approval.
#Ripple #SEC #XRP #CryptoLaw #DigitalAssets
BSW Token Surges 30% After Roadmap Unveiling Sparks $280M Trading Amid Delisting News
Biswap (BSW) experienced a significant price increase of approximately 30% over the last 24 hours, rising from a 24h open of $0.0186 to a current Binance price of $0.0242. This surge followed Binance’s June 26, 2025, announcement to delist BSW effective July 4, 2025, which initially might have been expected to negatively impact the token. However, the price rebound is primarily attributed to Biswap’s simultaneous release of a new roadmap emphasizing greater decentralization, on-chain governance, and community-driven initiatives, which appears to have positively influenced market sentiment and driven increased trading activity. BSW’s 24-hour trading volume stands at $280.7 million, reflecting heightened interest and volatility. Despite the recent rebound, BSW remains in a long-term downtrend, and market forecasts indicate ongoing bearish sentiment.
ADA Slides 2.36% Despite cbADA Launch and 90% Spot ETF Approval Odds, Market Awaits Reaction
Cardano (ADA) is trading at $0.5589 on Binance, reflecting a 2.36% decline over the past 24 hours from an open of $0.5724. The recent price decrease is likely influenced by ongoing bearish sentiment and broader market volatility, as indicated by a 6.25% drop over the past week and a 26.45% decline over the last month. Despite positive developments such as Coinbase launching cbADA (a wrapped ADA token on Ethereum Layer 2 Base) and the announcement of the Midnight sidechain’s NIGHT token airdrop, these events have not yet translated into short-term price support. Additionally, Bloomberg analysts have increased the estimated probability of a spot ADA ETF approval to 90% or higher, citing improved regulatory clarity, but this has not immediately impacted price action. ADA’s current market capitalization stands at approximately $19.97 billion, with a circulating supply of about 35.37 billion tokens and recent daily trading volumes in the billions of USD.
HIFI Token Surges 17% Amid Volatility, HIP 16 Approval, and $80M TVL Drop
HIFIUSDT experienced a notable price increase over the past 24 hours, with the current price at $0.1244 on Binance, up 17.25% from the 24h open of $0.1061. This positive movement follows a period of significant volatility, during which large holders sold approximately 12 million HIFI tokens, leading to reduced liquidity, an increased bid-ask spread, and a sharp decline in total value locked from $120 million to $40 million over two weeks. Despite the recent price rebound, daily protocol revenue has dropped by 70% and staking yields have decreased from 18% to 6%, while the short interest ratio has risen to 75%, indicating heightened bearish sentiment. The passage of the HIP 16 governance proposal on June 19, 2025, reflects ongoing development and active community participation, but recent declines in key metrics suggest that market sentiment remains cautious. Trading volume in the last 24 hours was $10,279,731, with a circulating supply of 130 million HIFI and a market capitalization of approximately $45 million.
SUI Token Drops 4.68% Amid Market Downturn, Yet Developer Activity Surges 40% and Usage Soars
SUIUSDT experienced a 4.68% price decrease over the past 24 hours, with the current price at 2.6388 (Binance data). The decline is primarily attributed to SUI leading a broader market drop on June 26, 2025, as reported by major news outlets, amid cautious overall crypto market sentiment and technical resistance at key levels. Despite the price drop, Sui blockchain fundamentals remain strong, highlighted by a 40% increase in developer activity and a surge in network usage, with over 14 million monthly stablecoin transactions approaching Ethereum’s levels. Trading volume remains robust at over $1 billion in the last 24 hours, and SUI holds a market cap of approximately $8.9 billion, ranking #13 among cryptocurrencies. Short-term outlook is bearish, with analysts forecasting further downside toward the $2.00 level, although elevated network activity continues to support long-term interest in the asset.
$BTC /USDT Future Trade Signal – Bullish Momentum Building
Current Price: $107,270
EMA Analysis:
Price is above EMA(7), EMA(25), and EMA(99) — strong bullish alignment
24h High/Low: $108,272 / $106,438 – showing price is closer to resistance
Key Support & Resistance
Support: $107,057 / $106,957
Resistance: $107,297 / $108,272
Trade Setup
Entry: $107,200 – $107,300
Stop Loss: $106,800
Targets:
TP1: $107,800
TP2: $108,250
TP3: $108,700 (final target if volume increases)
Market Outlook
Momentum is bullish with a short-term pullback. EMA(7) support is holding strong. If price breaks above $108,250 with volume, we may see another leg up.
Note: Watch for rejection near resistance and keep your stop tight.
📊 Good opportunity for a short-term long scalp!
$BTC
{future}(BTCUSDT)