XRP slid 4% over the last 24 hours following a ruling from the U.S. District Judge Analisa Torres, who denied a joint motion from Ripple Labs and the SEC that sought to wrap up key elements of their long-running legal standoff. The decision , filed on June 26, effectively keeps the door open for further appeals and delays a final resolution. Within hours of the ruling, XRP fell from $2.16 to $2.09, erasing more than $5 billion in market capitalization in under 24 hours. At $123.62 billion, it now holds the dubious distinction of posting the biggest single-day drop among the top 40 digital assets and becoming the most trending crypto asset between Thursday and Friday, according to CoinMarketCap . XRP market cap. Source: CoinMarketCap But while short-term sentiment has clearly taken a hit, not all observers believe the verdict spells trouble for XRP’s longer-term ambitions, particularly regarding a U.S.-listed spot XRP ETF. Lawyer weight in on XRP ETF Fred Rispoli, a legal commentator and vocal supporter of Ripple, argues that the ruling, though headline-grabbing, is unlikely to affect XRP’s standing on secondary markets, which is what ultimately matters for ETF eligibility. SEC v. Ripple Update: This is a long post on my thoughts here but the TLDR is: "Welcome to the new SEC, for now more or less the same as the last one." And: Ripple and SEC will settle the appeal for the reduced, agreed upon amount and leave the Torres judgment in place, while the… https://t.co/9y9o4M4uBW — Fred Rispoli (@freddyriz) June 26, 2025 “Regarding that injunction, it doesn’t affect $XRP on the secondary markets nor will it impact XRP ETF approvals,” Rispoli explained. “And remember, the injunction is just a piece of paper issued by a court… it only substantively matters if the SEC wants it to matter.” In legal terms, Judge Torres’ injunction could theoretically give the court grounds to revisit the case if Ripple is found violating institutional sale restrictions. However, Rispoli emphasized that the SEC would need to actively push for enforcement, an outcome he describes as “extremely low probability.” He also hinted at a broader shift in regulatory posture, suggesting that both Ripple and the SEC may be quietly negotiating a reduced penalty and new guidelines for Ripple’s institutional sales. Such a move would preserve the substance of the Torres ruling while avoiding further escalation. The bigger unknown now lies with the SEC’s leadership. With the commission under political pressure to soften its stance on digital assets, and following the installation of a new Chair under President Trump, there’s growing speculation that an XRP ETF could still move forward, particularly given the rising tide of crypto ETF approvals across Bitcoin, Ethereum, and even altcoin ETFs in the pipeline. The post Legal expert breaks silence after major XRP crash appeared first on Finbold .
The post Coinbase CEO Reveals Weekly Bitcoin Buys: Time to ‘Go Long’? appeared first on Coinpedia Fintech News Coinbase is making a serious move on Bitcoin. CEO Brian Armstrong has revealed that the crypto exchange is now purchasing Bitcoin every single week, strengthening its position in the ongoing race among institutions to stock up on BTC. The exchange currently holds $995 million worth of Bitcoin, making it the 10th-largest corporate holder. Armstrong has also encouraged investors to “go long” on Bitcoin, signaling strong confidence in its future as prices inch closer to a new all-time high. We're buying more Bitcoin every week. Long #Bitcoin https://t.co/LleWBXGYTG — Brian Armstrong (@brian_armstrong) June 26, 2025 From Maximalism to Multi-Token Strategy Coinbase launched in 2012 with a Bitcoin-only focus. Back then, Armstrong dismissed altcoins like XRP and Stellar (XLM) as distractions. In a now-deleted tweet from 2014, he claimed Bitcoin was “way far ahead” of the rest – reflecting a clear Bitcoin-maxi mindset at the time. That changed in 2016 when Coinbase added support for Ethereum. Then in 2018, it expanded even further by enabling ERC-20 tokens. During the bull run, the platform added nearly 100 new tokens in just one year. This shift drew criticism from Bitcoin purists who accused Coinbase of chasing trends instead of staying true to BTC. Michael Saylor Cheers Coinbase’s Bitcoin Surge! MicroStrategy’s Michael Saylor, whose company leads all others in Bitcoin holdings, praised Coinbase’s weekly purchases with a rocket emoji, showing his support for Armstrong’s move. — Michael Saylor (@saylor) June 27, 2025 Bitcoin Magazine CEO David Bailey also backed the decision, calling Armstrong the “G.O.A.T.” for doubling down on Bitcoin in such a bold and consistent way. Can Coinbase Catch Up to MicroStrategy? Right now, Coinbase holds 9,270 BTC, while MicroStrategy holds a massive 592,345 BTC. While Armstrong’s commitment to buy weekly is significant, consistency will be key if Coinbase hopes to narrow the gap. In terms of value, Coinbase’s holdings stand at $995 million, while MicroStrategy’s are worth about $33 billion. It’s a big difference but if Coinbase keeps buying aggressively, that could start to shift over time Corporate Bitcoin Adoption Grows Coinbase’s weekly BTC purchases reflect a growing trend: institutions increasingly view Bitcoin as a hedge against inflation and a way to preserve long-term value. With Bitcoin currently trading at $107,363, Coinbase’s position in the market is strong and getting stronger. While altcoins still grab headlines, this move shows that for major players like Coinbase, Bitcoin remains the foundation.
COINOTAG News reports that a significant market participant recently moved 600 BTC off the Binance exchange, representing a value of approximately $64.22 million. This transaction was tracked by OnchainLens, highlighting
Bitcoin’s long-term accumulation trends signal a potential surge, with analysts forecasting a target of $160,000 based on historical market behaviors. Market observers note that wallet cohort activities, especially among long-term
Michael Saylor makes fundamental Bitcoin statement, adding massive “Easter egg”
On Thursday, crypto exchange Kraken launched a peer-to-peer payments app, enabling users to send and receive funds in both cryptocurrencies and fiat currencies across more than a hundred countries. This move aims to broaden Kraken’s services beyond its core digital asset trading operations, positioning the firm to compete directly with players like PayPal, Venmo, and Block’s CashApp. Kraken Plans Physical And Virtual Cards The newly introduced app, named Krak, offers users a dedicated spend account and the ability to instantly send and request payments in 300 different assets, which includes various cryptocurrencies and local currencies. Unlike traditional cash transfers, which often rely on external banking systems, Kraken will utilize its own internal infrastructure for these transactions, aiming to enhance efficiency and speed. In an interview with Reuters, Arjun Sethi, co-CEO of Kraken, emphasized the company’s ability to facilitate cross-border transactions. “We’re able to move money across borders right off the bat, because that’s what we do from a trading perspective,” he noted. Sethi highlighted that Kraken has spent over a decade building a “robust system” to comply with money transmitter licenses across various jurisdictions. He pointed out that customers are eager for new options for managing their money, prompting Kraken to expand its offerings . Looking ahead, Kraken has ambitious plans for Krak, with future developments including the introduction of physical and virtual cards, as well as advanced services like pay-in-advance loans. MiCA License Secured This expansion follows another significant announcement from the exchange, which recently secured a license under the European Union’s Markets in Crypto-Assets Regulation (MiCA) from the Central Bank of Ireland (CBI). Sethi remarked on the importance of this licensing achievement, stating, “Securing a license from the Central Bank of Ireland isn’t just about compliance; it’s a powerful signal of Kraken’s commitment to expanding the crypto ecosystem through responsible innovation.” The executive noted that being the first global crypto platform to receive authorization from the CBI underscores Kraken’s dedication to building for the long term. “Trust is the most valuable currency in crypto, and it’s something you earn,” he added. Kraken’s regulatory progress is noteworthy, as the exchange already holds Virtual Asset Service Provider (VASP) registrations in key European countries, including Ireland, Belgium, France, Italy, the Netherlands, Poland, and Spain. With a strong foundation in euro-denominated trading , Kraken introduced the first BTC/EUR trading pair in 2013 and has since become one of the most-soughted platform for euro trading. With the MiCA license now secured, alongside existing MiFID and EMI licenses, the exchange is reportedly preparing to extend its regulated offerings to millions of clients throughout the EU. Featured image from DALL-E, chart from TradingView.com
The XRP price experienced a significant decline on Thursday following new developments in the ongoing legal dispute between Ripple Labs and the US Securities and Exchange Commission (SEC). Judge Analisa Torres’ decision to deny the joint motion from Ripple and the SEC for an indicative ruling halted the XRP price recovery as it aimed to breach the nearest resistance level at $2.23. Key Issues Unresolved For Ripple Despite the SEC dropping its appeal, which indicated that the primary legal conflict between the two parties may be reaching a conclusion, Judge Torres’ ruling highlighted that several procedural matters still require resolution, including necessary court approvals. In her judgment, she made it clear that private agreements cannot supersede public court decisions, stating, “The parties do not have the authority to agree not to be bound by a court’s final judgment… They have not come close to doing so here.” Related Reading: XRP Gears Up For Major Move — Chart Signals Are Clear In response to the ruling, Ripple’s Chief Legal Officer, Stuart Alderoty, took to social media platform X (formerly Twitter) to convey that the situation is now back in Ripple’s hands. The executive pointed out that the court has given them two options: either to dismiss their appeal regarding the historic institutional sales or to continue with the appeal. Regardless of the path chosen, Alderoty emphasized that XRP’s legal status as a non-security remains intact, reassuring stakeholders that it is business as usual. Expert Reactions To Torres’ Decision Legal expert Fred Rispoli also weighed in on the implications of the injunction, stating that it would not impact XRP in secondary markets or affect potential exchange-traded fund (ETF) filings awaiting approval by the SEC. He noted that the injunction is merely a court document and emphasized the low likelihood of Judge Torres calling Ripple and the SEC back into court unless the SEC believes Ripple is violating the terms of the injunction. Rispoli further questioned whether the SEC has the authority to grant Ripple the necessary exemptions to alleviate any restrictions imposed by the injunction, suggesting that such actions fall within the SEC’s executive powers. Ripple has asserted that it has adjusted its operations to align with the court’s findings, particularly regarding its past sales to institutional investors. Related Reading: Is The Bitcoin Top In? Bitcoin MVRV-Score Has The Answer Alderoty’s use of the term “historic institutional sales” in his recent statement indicates a shift in how both parties might approach future transactions, signaling a potential settlement that would allow XRP sales to institutions in a manner acceptable to the SEC. XRP Price Could Reach $5 Despite this temporary setback, market analysts remain optimistic about XRP’s future. Crypto analyst CryptoBullet recently noted that XRP’s two-week price chart resembles patterns seen in 2017, including a significant accumulation phase and a potential breakout. With this historical context in mind, the expert predicts a final surge in the XRP price, forecasting new all-time high targets between $4.50 and $5.40 for the cryptocurrency. As of press time, the XRP price has retreated to the $2.08 mark, which is a key support level for bulls anticipating further recovery of the token. In the last 24 hours, XRP has dropped 4.4%, and 10% in the last month. According to CoinGecko data, the XRP price remains 38% below its record high of $3.40. Featured image from DALL-E, chart from TradingView.com
Crypto fundraising is on track to end the first half of 2025 on a high note, after a series of high-value private placements. Crypto VC funding usually tracks bullish periods, and has recovered after a couple of slower months. Crypto fundraising is back to levels not seen since 2022, ending the first half of 2025 with expansion, despite some slower months. Deals saw a trend shift, moving to large-scale private rounds and late-stage financing, with more cautious seed rounds. The model of funding a project only to sell tokens to exchanges is being phased out, instead focusing more on late-stage deals. VC funds remained vigilant for opportunities, but this time, the main driver was the rise of platforms with a widely adopted products. In the coming months, some of the high-profile crypto platforms plan to announce new large funding rounds. Some of the major deals include Polymarket , Pump.fun, and Kalshi . The latest deals may yet be included in the statistics for Q2 deals. Recently, World Liberty Fi also closed a $100M inflow from the Aqua 1 fund. June fundraising breaks above $4B Crypto fundraising tracks the general mood on the crypto market. After a relatively slow start to 2025, some months posted peak results. In March, total VC deals expanded to $5B. Even in slower months, VC fundraising was consistently above $1B, though some months included a concentration of large deals. Coinbase Ventures was the leader with nine deals, followed by Pantera Capital leading six funding rounds. Most of the deals were also made in undisclosed international locations, for a total of 70 rounds. The USA only saw 15 deals for the past month. However, those deals were the biggest, raising over $1.79B. Singapore-based projects raised a further $1.09B. Crypto VC deals moved to international locations, but the USA is still the leader in terms of USD value. | Source: Cryptorank A total of 103 rounds in June raised over $4.49B, with the potential for more deals to be added to the bottom line. The absolute record for VC deals is over $6.88B in November 2021, during the first Web3 boom. This time around, VC deals are not led by narrative, but by established use cases and signs of growth from transactions, fees, and liquidity. Projects like EigenCloud were among the significant deals for the past month, raising $70M in a late-stage round. For smaller projects, token sales, airdrops and special events have returned as a viable source of funding. In the past four months, token sales raised consistently over $4B on a monthly basis, tapping crypto natives and whales. In June, a total of 174 sales raised $4.79B, surpassing even the level of large VC rounds. The main source of interest in token sales were again the special campaigns of Binance Wallet and PancakeSwap. For the month of June, most TGE and token sales used those two platforms, achieving the highest returns. Binance Wallet projects posted gains of 483% on average, while PancakeSwap achieved 228.5%. The success of token sales relied on concentrating most of the opportunities on a single platform, having a guaranteed pool of buyers. Most projects have abandoned ICO attempts outside the top platforms, which give them the biggest exposure to liquidity. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites
Sei traders have spent 2024 chasing fast-turning markets — but many are now shifting capital into something built for returns, not just hype. Bitcoin Solaris has emerged as one of the most aggressively priced and structurally sound entries of the year. It’s now in Phase 9 of its presale, priced at $9 per token — with a confirmed listing on LBank coming soon and a projected launch valuation of $20. With over $5 million already raised and more than 11,500 wallets participating, BTC-S is now delivering token flow — not just promising it. Nova Mining System Converts Phones Into Earners Forget staking lockups or GPU farms. The Nova App gives users the ability to mine BTC-S using spare CPU and storage on ordinary smartphones. During beta testing, mobile users earned live rewards by participating in validation — no setup required. This works because Bitcoin Solaris runs a hybrid architecture. At the base, it uses Proof-of-Work and Proof-of-Capacity to keep mining decentralized and efficient. On the upper Solaris Layer, it deploys Proof-of-Stake, Proof-of-History, and Proof-of-Time to push transactions at tested speeds over 10,000 TPS. The result: mining access built for participation, not exclusivity — and real yield distribution even before the token lists. Token Rewards Are Already Flowing Bitcoin Solaris doesn’t delay rewards. The Casino module is live, giving every verified wallet one free spin daily, with instant payouts in BTC-S. Token rewards are issued directly on Solana during presale and will be migrated 1:1 to the Bitcoin Solaris chain upon mainnet launch. Buyers who enter with $250 or more unlock additional spins, with top-tier purchases eligible for prizes of up to 0.5 BTC. These mechanics are designed to deliver rewards now: Crypto Vlog recently highlighted Bitcoin Solaris as a working economy in a presale shell — built to deliver returns before listing, not after. The Presale Is Fixed, Transparent, and Ending Fast There are 21 million BTC-S tokens total. Of those, just 4.2 million are allocated for presale — across all phases. No additional emissions, unlock schedules, or delayed allocations are waiting to dilute holders after listing. Everyone buys at public pricing — and right now that’s $9. With LBank listing confirmed, price movement is coming. At a $20 projected listing value, current presale entries offer more than 150% return potential before secondary demand even activates. And because rewards are tied to usage, not speculation, the token’s value driver is active user behavior. Fully Audited, Team Verified, Exchange Ready The token contract passed a full audit by Cyberscope . The Nova App engine was audited separately by Freshcoins . The dev team is KYC verified , and the roadmap is already rolling forward. Testnet, dev toolkit, and wallet upgrades are scheduled. A Mining Power Marketplace is in active development. These aren’t theoretical milestones — they’re tracked deliverables, and the buildout is already in motion. BTC-S is transitioning from presale to public exchange launch. Traders moving out of stagnant altcoins like SEI are stepping into a project that already has functioning products, clear token distribution, and a live reward system. This is a defined entry point with demand already forming and utilities in use. Website : https://bitcoinsolaris.com X : https://x.com/BitcoinSolaris Telegram : https://t.me/BitcoinSolaris
The Smarter Web Company, a UK-based web design and marketing firm, has raised £41.2 million ($56.59 million) just days after making headlines with a $20 million purchase of nearly 197 Bitcoin. Key Takeaways: The Smarter Web Company raised £41.2 million days after buying nearly 197 Bitcoin. Its aggressive Bitcoin acquisitions have boosted holdings to over 543 BTC in just a month. Despite strong crypto moves, the firm’s shares fell 15% but remain up 274% year-to-date. The firm announced on Thursday that it secured funding from institutional investors through an accelerated bookbuild, a method that enables companies to raise capital quickly without extensive marketing. Of the total funds, £36.27 million ($49.8 million) came from the bookbuild, while an additional £4.97 million ($6.82 million) was raised through subscription. The shares were offered at £2.90 ($3.98) each, with the new stock expected to take effect on July 1. Smarter Web’s Fundraising Fuels Bold Bitcoin Buying Spree The fundraising follows The Smarter Web Company’s aggressive Bitcoin acquisition strategy. Earlier this week, the firm revealed it bought 196.8 BTC at an average price of $103,290, boosting its total Bitcoin holdings to 543.52 BTC—worth approximately $58.19 million. Since launching its Bitcoin treasury strategy in April, the firm has purchased BTC five times in June alone, growing its stash by 460 BTC in less than a month. Despite the crypto push, The Smarter Web Company’s shares have struggled. Trading on the US OTCQB market under the ticker TSWCF, the company’s stock fell 15% on Thursday to close at $3.56 after reaching an intraday low of $3.19, according to Google Finance. The Smarter Web Company ( #SWC $TSWCF ) RNS Announcement: Bitcoin Purchase. Purchase of additional Bitcoin as part of "The 10 Year Plan" which includes an ongoing treasury policy of acquiring Bitcoin. Please read the RNS on our website: https://t.co/z59Xf4oBRU pic.twitter.com/8rrSTwYWoa — The Smarter Web Company (@smarterwebuk) June 24, 2025 The decline continued in after-hours trading, with shares slipping another 1.8% to $3.49. Even with recent volatility, the stock remains up 274% so far in 2025. Meanwhile, other UK firms are also ramping up their Bitcoin bets amid Britain’s unclear regulatory stance on digital assets. On Tuesday, Vinanz, a London-listed Bitcoin treasury company, announced it had acquired 37.72 BTC , bringing its total holdings to nearly 59 BTC. In April, investment firm Abraxas Capital made waves with a Bitcoin purchase exceeding $250 million. VanEck Flags Risks in Corporate Bitcoin Strategies Matthew Sigel, head of digital asset research at VanEck, has voiced fresh concerns over the Bitcoin treasury strategies adopted by some publicly traded firms, warning that aggressive BTC accumulation could ultimately hurt shareholders. Sigel singled out the use of at-the-market (ATM) share issuance programs, arguing that these can become dilutive if a company’s stock price nears its Bitcoin net asset value (NAV). To protect investors, he suggested suspending ATM programs if shares trade below 0.95 times NAV for more than 10 consecutive days. He drew parallels with past missteps in the crypto mining sector, where rampant dilution and inflated executive compensation wiped out shareholder value. Sigel pointed to Semler Scientific, a medical technology company that pivoted to Bitcoin in 2024, as a cautionary tale. Despite amassing 3,808 BTC, Semler’s stock has plunged over 45%, dragging its market NAV down to 0.82 times NAV. The post UK’s Smarter Web Company Raises £41.2M After Acquiring 196 Bitcoin – More BTC Purchases Coming? appeared first on Cryptonews .