A federal judge has firmly denied Ripple Labs and the SEC’s joint request to overturn the $125 million penalty and permanent injunction on institutional XRP sales, underscoring the ongoing legal
BVI, Palma de Mallorca, June 26th, 2025, Chainwire HYGH Capital Partners is proud to announce its new partnerships in response to global demand for cryptocurrency. Dennis Tomala’s investment firm, HYGH Capital, has developed a unique method combining traditional investment moves with modern technology to help its clients invest in digital assets before they gain widespread… The Crypto Boom Throughout the past few years, cryptocurrency has gone from a boutique online community to a pillar of modern finance. Crypto’s hallmark rewards those who make bold moves, and Tomala is one such person. Many made historic gains during the global surge of 2019, but Tomala had been investing for years before that, a significant factor in his extraordinary experience. Since plunging into the crypto world in 2014, Tomala has evolved with digital assets, moving from real estate to high-stakes crypto investing, and now heads a firm to help others do the same. HYGH Capital Tomala founded HYGH Capital, a thesis-driven Web3 investment firm. The company blends the traditional discipline of classical investment work with the greater agility of Web3 technologies, which enables the firm to mine the best of both worlds, from real estate development to tokenomics. Tomala combines advanced trading strategies with fundraising advice and project development and aims to invest in revolutionary digital assets before they gain widespread appeal. Tomala actively strives to remain grounded in traditional work values. He cites self-belief and faith in Jesus Christ as central to his journey. These integral foundations of his work ethic signal an ethos that earns his clients’ trust and confidence. Proven Track Record Tomala is an experienced crypto investor and blockchain consultant recognized for his early involvement in digital assets and ability to spot market-defining opportunities at their inception. His career began in real estate sales and project development, but he made a significant shift into crypto in 2014, investing in Bitcoin at $350, Ethereum at under $5, and Solana at $4. Ultimately, Tomala sold them close to their peaks, transforming a $90,000 investment into a nine-million-dollar return. Strategic Scope Over the years, Tomala has developed a reputation as a daring, strategic investor. He has traded over $140 million in cryptocurrency and invested in over 80 blockchain companies, frequently assuming lead investor positions. Tomala’s success comes from a targeted strategy for early-stage opportunities. This experience bodes well for his firm and its clients as the crypto market ramps into a veritable feeding frenzy. Tomala’s involvement in the crypto world for over a decade and affluence have earned him the trust and respect of shareholders across the board. He focuses on significant investments in new altcoins and leveraging insider connections, including relationships with shareholders at Binance and Bybit. This position positions Tomala to capitalize on his experience within the industry and turn it into authentic returns. Current Focus Moving forward, Tomala is actively scouting next-cycle altcoin runners and leveraging positions through networked partnerships and platforms. The cryptocurrency world has risen to astounding heights, but it is still in its infancy. As much as crypto has evolved and changed over the past five years, it will grow even more in the next five years. Because of his expertise and forward-thinking, Tomala is uniquely positioned to lead the charge to positive gains. About HYGH Capital Partners HYGH Capital is a Web3 investment firm founded by Dennis Tomala, combining traditional investment strategies with blockchain technology. Focused on tokenization, real estate, and cryptocurrency, the firm identifies high-potential digital assets before they gain widespread attention. With over a decade of experience in crypto and blockchain, HYGH Capital leverages its expertise and industry network to deliver superior returns for clients, positioning itself at the forefront of the evolving digital economy. Contact Dennis TomalaHYGH Capitald.tomala@mail.de Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Willemstad, Curaçao – June 26, 2025 – Cloudbet has added the full suite of Galaxsys titles to its crash and instant-win lineup, reinforcing its position as a crypto-first casino built for speed, volatility, and direct-crypto play. The rollout includes 42 games across crash, slots, table games, bingo, and arcade-style formats — all playable in over 40 cryptocurrencies, including Bitcoin, Ethereum, Solana (SOL), Binance Coin (BNB), USDT, and USDC. Galaxsys is known for fast-cycle gameplay and transparent mechanics — a natural match for Cloudbet’s high-frequency bettors. Crash leaders like Crash, Crasher, Tower Rush, and Rocketon feature rising multipliers, instant resolution, and peak volatility, with potential payouts reaching up to x700,000. In March, Tower Rush was named “Best Crash Game 2025” at SiGMA Africa — its third industry award after receiving the “Best New Game 2025” accolade at the AIBC Eurasia Awards. “These titles reflect our commitment to quality-first curation,” said Cloudbet’s casino product manager. “They align with how crypto players engage — high-speed formats, scalable risk, and real-money outcomes without delay. Galaxsys understands that rhythm, and the games slot naturally into our most active segments.” Crash games have become a cornerstone of crypto gambling, favored for their rapid pace, minimal friction, and high-volatility structure that mirrors the crypto market itself. The core mechanic — riding a rising multiplier and cashing out before the crash — delivers instant resolution and real-money tension in under ten seconds. That simplicity, combined with scalable risk and always-on access, makes crash an ideal fit for the habits of crypto-native bettors. Cloudbet , which launched in 2013, was one of the first crypto casinos to support crash games at scale. Today, instant-win staples like Aviator by Spribe — which alone accounts for more than 33% of daily activity in the site’s instant-win segment — continue to dominate player engagement. Alongside Aviator, games like Mines, Dice, and Plinko, longstanding Spribetitles in Cloudbet’s lineup, each capture between 8% and 12% of daily activity. The Galaxsysintegration adds depth to the category without overlap or filler content. The Galaxsys drop also includes top-ranking slots like Olympian Legends and Funny Faces, along with table game staples Blackjack, RouletteX, and HiLo. Instant-win fans get fresh options too, with arcade-style picks like Maestro, Magic Dice, CoinFlip, and Ninja Crash. All Galaxsys games are now live. Players can browse, demo, or play — no KYC required. $3,000 Cloudbet x Galaxsys tournament now live To celebrate the launch, Cloudbet is running a $3,000 Galaxsys Tournament. Players earn points by betting on any Galaxsys title, with the top 40 finishers winning instant cash prizes — up to $750 — credited directly via the Rewards Calendar. The tournament complements recent site upgrades, including new multiplier profiles, community tipping tools, and enhanced tournament pages — all built for streamers and fast-cycle format fans. About Cloudbet Founded in 2013, Cloudbet is the world’s longest-running crypto casino and sportsbook. Players worldwide have placed millions of bets using over 40 cryptocurrencies. In 2024, Cloudbet launched the most generous welcome offer and loyalty program in the space — featuring stacked rewards and guaranteed daily cash drops for active bettors. With thousands of slots, live casino tables, and deep sports markets — from esports to Premier League and NFL player props — Cloudbet remains the home of secure crypto betting. Visit us at Cloudbet.com Instagram: @cloudbetofficial Twitter/X: @Cloudbet Press contact: irene@media.cloudbet.comSpokesperson available upon request Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Innovation in the crypto world is being driven by newer digital currencies. These altcoins are gaining attention and showing great potential. Some projects stand out as particularly promising. In this article, readers will discover which three altcoins are poised for significant growth and why they are turning heads in the industry. Aptos Price Action: Key Levels Amid Recent Volatility Aptos experienced a weekly boost of 6.86%, a monthly drop of 9.84%, and a steep six-month decline of 45.43%. The price was seen trading between $4.08 and $5.83, reflecting marked losses over a longer period despite a recent slight recovery. Data shows significant downward movement in the medium term, with a brief bounce highlighting intermittent buyer interest without fully offsetting longer-term challenges. The current trading range places Aptos with support at $3.43 and resistance at $6.92, while a secondary support level is noted at $1.68 and an upper resistance at $8.67. The coin is in a neutral phase where bulls and bears contest closely, without a decisive trend. Traders could consider buying on rebounds toward $3.43 or initiating shorts if the price fails to hold the range. A breakout above $6.92 might encourage bullish positions, while a dip below support could lead to further declines. Indicators like the RSI near 51.83 suggest balanced, uncertain conditions for short-term trading. Stacks Market Overview: Recent Declines and Key Support-Resistance Zones Last month saw a nearly 25% decline in price, while a six-month drop reached close to 58%, reflecting challenging market conditions. A one-week increase of about 8% provided some uplift amid the overall downtrend. The price behavior highlights a struggle to regain upward momentum, with significant losses overshadowing short-term gains. STX price now trades between $0.61 and $0.97, with nearest resistance at $1.21 and support at $0.47, alongside a second resistance at $1.58 and support at $0.10. Indicators such as the Awesome Oscillator at -0.072 and RSI near 48.55 suggest a lack of strong bullish conviction, indicating that bears currently dominate. Traders might consider testing the resistance area at $1.21 for short-term selling positions, while monitoring the support level near $0.47 for potential entry opportunities. Upward Surge and Consolidation in Pi Network Market PI past data shows a 1-month drop of 21% against a strong 6-month jump of 510%. A modest weekly gain of 12.48% adds nuance to the recent price history, noting a dynamic where short-term performance contrasts with a robust longer-term rally. The figures depict a market that experienced significant gains over six months but faced corrections in the most recent month, highlighting volatile behavior across different time frames. Changes suggest that while enthusiasm drove prices higher over six months, recent adjustments have tempered momentum. Current prices trade in a range from $0.26 to $1.36, finding immediate resistance at $2.06 and a second hurdle at $3.16. The trend lacks a clear, dominant force, with the momentum indicator subdued at 0.031 and the oscillator signaling a slight decline at -0.070, while the relative strength index sits near 50.70. Bulls need to push past the $2.06 level to trigger further upward movement, while bears may leverage recent corrections to maintain levels or force a pullback. Trading calls for careful observation, with selective entries at the lower end and measured exits near resistance areas. Conclusion APT , STX , and PI hold great potential for future growth. Each brings unique features and innovations. Their development signals a shift towards more specialized and efficient networks. These projects could redefine the way various applications and services are built and interact. Investing in them could be a strategic move as they continue to gain traction and recognition. Their promising technology and vision set them apart in a growing market. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
A Bloomberg report has revealed that former Blackstone Inc. executive Chinh Chu and Reeve Collins, co-founder of stablecoin giant Tether, are teaming up to raise $1 billion for a listed crypto vehicle that aims to build a portfolio of digital assets. The capital is being raised through M3 Brigade Acquisition V Corp, a Special Purpose Acquisition Company (SPAC) backed by the two. A Multi-Token Approach Anonymous sources cited in the report said that the vehicle would hold a diversified mix of tokens, including Bitcoin (BTC), Ether (ETH), and Solana (SOL). They also revealed that the fundraising effort is ongoing, meaning that the details, including the $1 billion target, may change. Cantor Fitzgerald LP is among the parties advising on the deal. Furthermore, Wilbur Ross, the Secretary of Commerce in U.S. President Donald Trump’s first administration, has reportedly been tapped to serve as vice chair alongside Binance board chairman Gabriel Abed. The venture will also have ex-Hut 8 Mining head Jaime Leverton as CEO in an acting capacity. Chu and Collins’ multi-token approach is markedly different from that taken by the likes of Bitcoin bull Michael Saylor’s Strategy and Japan’s Metaplanet. The former has bought over 592,000 BTC, currently valued at more than $60 billion. The latter now holds 12,345 BTC worth over $1.33 billion and recently passed Tesla to become the seventh-largest corporate Bitcoin holder globally. Meanwhile, others like SharpLink Gaming have taken an Ether-focused approach. The Minneapolis-based company owns 188,478 ETH worth about $457 million and is staking 100% of it to support the Ethereum network. This strategy followed a $425 million private placement led by Consensys and the appointment of Ethereum co-founder Joseph Lubin as chairman. Tether Co-Founder Buys $6.47M SPAC In May 2025, Collins acquired a controlling stake in M3-Brigade for $6.47 million. The deal included 7.19 million Class B shares and 5.04 million private placement warrants, with plans to purchase an additional 3.29 million from Cantor Fitzgerald & Co. Following the transaction, Collins was named CEO, with Chinh coming in as the SPAC’s new president. The crypto entrepreneur, who has also just joined the advisory board of Canadian-listed digital asset ETF company Fineqia, was instrumental in founding Tether, NFT platform BLOCKv, and Smart Media Technologies. He is currently chairman of STBL.com (formerly Pi), a yield-bearing stablecoin protocol built on Ethereum and Solana. This decentralized platform enables yield retention from tokenized RWAs such as U.S. Treasuries and money market funds. Meanwhile, Chu was Blackstone’s longest-serving dealmaker before leaving in 2015. While at the firm, he sponsored several SPACs, including deals for Getty Images and Utz Brands. The post Ex-Blackstone Exec, Tether Co-Founder to Launch $1B Crypto Reserve SPAC appeared first on CryptoPotato .
The ongoing Ripple vs. SEC legal battle reached a pivotal moment as a US district court denied a joint motion to reduce Ripple’s $125 million penalty, reaffirming the application of
Judge Analisa Torres wrote that Ripple is still required to follow federal securities laws regardless of the SEC's regulatory pivot.
A federal judge has rejected Ripple Labs and the U.S. Securities and Exchange Commission’s joint motion to set aside the $125 million penalty and final ruling on institutional XRP sales, despite both parties having reached a settlement. U.S. District Judge Analisa Torres also denied the motion seeking to lift the permanent injunction on Ripple’s institutional XRP ( XRP ) sales, which the court imposed in 2024, according to Reuters . The court ruled that Ripple and the SEC cannot use their settlement agreement to reverse the order imposing a permanent injunction against the company’s institutional XRP sales. You might also like: Ripple’s Arthur Britto resurfaces on X after 14-year silence Judge denies yet another Ripple/SEC motion The Ripple/SEC motion marks the second attempt before the court to bring a legal close to the long-running case. In addition to the prohibition on XRP sales to institutional investors, Ripple and the SEC had asked the court to approve a settlement in which the SEC would retain $50 million and return $75 million of the $125 million civil penalty. Notably, both parties also asked the court to pause their appeal of the final judgment pending the outcome of this motion. In 2023, Judge Torres ruled that XRP sold on exchanges did not violate securities laws—meaning the cryptocurrency is not a security. However, she found that institutional sales did violate securities laws, leading to the injunction and civil penalty imposed in August 2024. Ripple and the SEC appealed the ruling, with a settlement reached in March 2025 that could only proceed if the judge agreed to set aside her earlier decision. Parties “have no authority” Judge Torres rejected the latest motion, stating that it did not meet the “exceptional circumstances” required for a court to modify or vacate a final judgment. A similar motion filed on June 12, 2025, requesting an “indicative ruling,” also failed to persuade the court. Arguments that the SEC has dismissed similar or related crypto cases also do not apply to the Ripple versus SEC case , as those other lawsuits did not go all the way to a final ruling. “The parties do not have the authority to agree not to be bound by a court’s final judgment that a party violated an Act of Congress in such a manner that a permanent injunction and a civil penalty were necessary to prevent that party from violating the law again,” the judge wrote. Under the ruling, Ripple and the SEC may now choose to either withdraw their appeal or proceed with it and challenge the injunction. Stuart Alderoty, chief legal officer at Ripple, has said the company is yet to decide its next steps with regard to the matter. “With this, the ball is back in our court. The Court gave us two options: dismiss our appeal challenging the finding on historic institutional sales—or press forward with the appeal. Stay tuned. Either way, XRP’s legal status as not a security remains unchanged,” he posted on X. Read more: Ripple and U.S. SEC jointly propose $125M settlement split to end XRP lawsuit
Aqua 1, a Web3 fund registered in the UAE, will join the governance of World Liberty Fi after pouring $100M into the WLFI token. The purchase arrives just ahead of the long-awaited shift to transferable WLFI tokens. Aqua 1 has bought additional WLFI tokens, investing $100M into the Trump family project. The platform managed to raise up to $590M so far, with some of the funds supplied by large-scale whales and high-profile buyers. Part of the funding came from retail users, who were at that time supportive of Donald Trump’s second bid for the US Presidency. World Liberty Fi aims to build its own niche in decentralized finance, with a native stablecoin USD1, as well as the WLFI token, which will be used for governance. Aqua 1 has not disclosed the sale price for WLFI at the current stage. On-chain data shows Aqua 1 received WLFI tokens before disclosing its involvement with Trump’s platform. | Source: Etherscan Aqua 1 goes big on World Liberty Fi On-chain data shows that an ENS name aqua1.eth holds 800M WLFI tokens. After the investment, the fund is the 11th largest holder of WLFI. On-chain data shows Aqua 1 received the tokens in the past three weeks in two major transfers. The WLFI moves were noted by analysts, though it took some time before the fund disclosed its involvement. As of June 21, on-chain analysts also noted Aqua 1 registered four other related ENS names . “ We’re excited to work hand-in-hand with the team at Aqua 1,” said Zak Folkman, co-founder of World Liberty Financial. “ Aligning with Aqua 1 validates our blueprint for global financial innovation, as we have a joint mission to bring digital assets to the masses and strengthen our nation’s standing as a champion and leader of cryptocurrency and blockchain technology,” he added. Aqua 1 will retain its role as a native Web3 fund, compliant with local UAE regulations. The fund will be part of the consultant team for World Liberty Fi , assisting in its expansion to other regions. Trump’s platform may reach South America, Europe, Asia and other emerging markets to widen its digital asset ecosystem. While sold as “Made in USA” crypto, WLFI has not shied away from foreign investors. World Liberty Fi and Aqua 1 to build new investment platforms World Liberty Fi will in turn support the launch of a new investment vehicle, Aqua Fund, also registered in the UAE and partnering with local stakeholders. The fund will target the Middle Eastern digital economy, offering projects in AI, Web3 and blockchain infrastructure. Aqua Fund will serve as a regional hub for capital flows, developer talent and technology. Aqua Fund will also seek out additional secondary market liquidity for investors. World Liberty Fi and Aqua Fund will also develop and promote BlockRock, an institutional-grade platform for RWA tokenization . The new entity’s goal will be to provide premium traditional assets and integrate them into the Web3 ecosystem. The latest large-scale purchase arrives at a time when the launch of WLFI trading is seen as an imminent option. WLFI was sold at a deep discount during several presale rounds. The token currently has a limited presale market, with around $5M in daily volumes on the LBank exchange. WLFI has started its initial price discovery and currently hovers around $0.97 , a significant premium above the presale discounts. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
A closely followed crypto analyst says that Ethereum ( ETH ) has to break through one resistance level to ignite a bull rally. In a new thread, crypto trader Rekt Capital tells his 549,100 followers on the social media platform X that Ethereum needs to reclaim the area around $2,500 as support before ETH can mount an explosive move to the upside. “After holding the orange circled area for about six full weeks, Ethereum ended up following through on the blue circled scenario. Still, this orange box is the macro range low ($2,200), and price needs to effectively reclaim around $2,500 to rally across the range.” Source: Rekt Capital/X The analyst also says that until Ethereum closes above $2,500 on the daily chart, ETH will likely hold $2,200 as support as it trades sideways. “For the time being, Ethereum is treating the ~$2,500 level as resistance after it previously held for almost six weeks. But Ethereum just needs a daily close above ~$2,500 to start the reclaim process. Until then, ETH will meander between $2,200-$2,500.” ETH is trading for $2,425 at time of writing, flat on the day. Next up, the analyst says that Bitcoin ( BTC ) is showing bullishness on the daily timeframe, having smashed through a downtrend line for the second time in June. “Bitcoin has broken two two-week downtrends over the past month.” Source: Rekt Capital/X Bitcoin is trading for $107,302 at time of writing, flat on the day. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/Aleksandr Kukharskiy/Visual Unit The post Crypto Trader Unveils Major Level Ethereum Must Break Above To Trigger Rally, Updates Outlook on Bitcoin appeared first on The Daily Hodl .