The rise of Solana tokens marks a notable shift in fundraising strategies as companies leverage blockchain technology to attract investment. These tokens are gaining traction, often achieving market valuations that
On May 8, the resolution to the long-standing court case between Ripple Labs and the Securities and Exchange Commission (SEC) appeared to be writing its last pages, with only formal court approval standing in the way of a $50 million settlement. But on May 15, Judge Analisa Torres blocked the deal on procedural grounds, stating that the filing was scheduled under Rule 60, which would require demonstrating ‘exceptional circumstances.’ According to the Judge, no such circumstances are present, rendering the motion ‘procedurally improper.’ If jurisdiction were restored to this Court, the Court would deny the parties’ motion as procedurally improper. The proposed deal was a compromise that would help the SEC change course in its approach to cryptocurrency regulation while reducing the amount Ripple Labs is forced to pay by 60%, from $125 million to $50 million. #XRPCommunity #SECGov v. #Ripple #XRP Judge Torres has denied the parties’ motion for an indicative ruling. “If jurisdiction were restored to this Court, the Court would deny the parties’ motion as procedurally improper.” pic.twitter.com/4s95ILvzsy — James K. Filan 🇺🇸🇮🇪 (@FilanLaw) May 15, 2025 Ripple court case May 2025 The latest Ripple lawsuit update saw the rejection on procedural grounds indicates that the deal will eventually be implemented, particularly as Stuard Alderoty, the blockchain company’s Chief Legal Officer, highlighted that both Ripple and the regulator remain committed to resolving the case. He also emphasized that the firm’s previous victories, such as the clarity that XRP is not a security, have not been invalidated: 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. The SEC’s last Ripple court case appeal filed before Gary Gensler’s departure likewise didn’t argue that XRP was a security but that the contracts used to sell the token were. XRP price reacts to court decision The court’s rejection has cast some uncertainty, with XRP’s price dropping to $2.43 by May 16, despite the prior 23.81% climb between the May 8 deal proposal announcement and the May 14 high above $2.60. XRP one-month price chart. Source: Finbold Lastly, the rejection could exacerbate the correction that began shortly after the May 14 high, and has already increased the token’s volatility. Featured image via Shutterstock The post Ripple v. SEC court case takes another twist appeared first on Finbold .
Vine Coin, JellyJelly, and now Dupe. Companies are launching Solana tokens as a way to market and fundraise their projects.
112 top wallets now hold nearly $16M in VIRTUAL, signaling high-conviction positioning. Derivative data shows a bullish skew, with positive funding and rising long positions. Following a 237% rally in the past month, Virtuals Protocol [VIRTUAL] has entered a corrective phase, declining 13% on the weekly timeframe and 2.3% on the daily. Despite this pullback, VIRTUAL is being accumulated across the board, indicating that the market remains broadly bullish. Here’s how. Smart money acquires more VIRTUAL Recent analysis on Nansen revealed that VIRTUAL has become the go-to AI token for smart money. These wallets—known for high-return strategies—have been quietly building positions. Source: Nansen In fact, 112 smart money wallets hold VIRTUAL, nearly as many as the combined total of the next three most-held tokens, which have 114 holders in total. These 112 wallets now hold $15.92 million worth of the asset. This level of participation and volume suggests strong conviction in the asset’s rally potential. Market traders align with smart money While smart money is holding VIRTUAL, bullish interest is also building across spot and derivative markets. In the last 72 hours, the spot market recorded $5.71 million in VIRTUAL buys, with much of it moved off exchanges—mirroring smart money behavior. Meanwhile, in the derivative market, more long positions have appeared. Source: CoinGlass The Open Interest Weighted Funding Rate—which combines Open Interest and Funding Rate to forecast market direction—has remained positive. A positive reading implied that most unsettled derivative contracts, worth $205.05 million, are from long traders. When the derivative market tilts in favor of buyers, alongside steady accumulation in the spot market, it typically supports a positive price move. A rebound is near — Chart reveals The Bollinger Bands (BB), used to predict potential resistance and support based on price placement, suggest a relief bounce may be near. On the 1-day chart, the price is approaching the mid-level band, around $1.70. This level could act as potential support and push the price higher. The short-term target for this rally is $2.26, with a long-term target above $5. Source: TradingView On top of that, the Accumulation/Distribution (A/D) indicator has turned slightly upward—an early sign of renewed buying interest. However, it remains in negative territory, suggesting not all investors are convinced yet. Still, a sustained price bounce could push the A/D indicator back into bullish terrain, reinforcing VIRTUAL’s long-term upside.
Ripple’s seemingly tidy settlement with the US Securities and Exchange Commission in the XRP lawsuit has hit a procedural wall. During a late-night X livestream on 15 May, attorney John E. Deaton dissected Judge Analisa Torres’s order refusing to “rubber-stamp” a joint motion that would have lifted the injunction on Ripple’s institutional XRP sales and cut the civil penalty to $50 million. Deaton characterised the order, which he read aloud at length, as a “curveball” that leaves both parties facing what the judge called a “heavy burden” before any relief will be granted. XRP Lawsuit Faces Further Delay According to Deaton, the parties had asked Judge Torres for an indicative ruling that would let the US Court of Appeals for the Second Circuit remand the case for settlement. Ripple had agreed to drop its own cross-appeal if the court would dissolve the permanent injunction that currently bars the company from further institutional-level XRP sales and reduce the civil penalty from roughly $150 million to $50 million. The SEC, for its part, had already abandoned its challenge to Torres’s holding that secondary-market XRP trading does not constitute a securities offering. Judge Torres declined. Reading from the order, Deaton quoted the court’s central criticism: “By styling their motion as one for settlement approval, the parties fail to address the heavy burden they must overcome to vacate the injunction and substantially reduce the civil penalty.” The judge, he said, noted that relief of that kind is available only under Federal Rule of Civil Procedure 60, which demands “exceptional circumstances”—and she added pointedly that “the parties have made no effort to satisfy that burden” because “their request does not even mention the rule.” Deaton told viewers he had expected a straightforward sign-off—“I thought the judge would rubber-stamp it”—and suggested that Torres’s refusal reflects frustration after five years of sprawling litigation. “Do you know how much time, energy and resources that this judge put into this case?” he asked. Estimating combined legal costs by Ripple and the SEC at around a quarter-billion dollars, he added: “Now the SEC comes around and says, ‘Just kidding.’ The judge is saying, ‘Not so fast.’” In Deaton’s analysis, the order does not undo Ripple’s prior victories, including Torres’s July 2023 summary-judgment finding that programmatic sales and secondary trading of XRP are not investment-contract securities. It does, however, mean that the permanent injunction against direct institutional sales—and the original, larger monetary penalty—remain in place unless the parties return with a properly framed Rule 60 motion that satisfies the public-interest test. “The judge is saying to the SEC and Ripple, ‘I’m not rubber-stamping anything. You need to put together an argument that convinces me that it is in the public’s best interest,’” Deaton said, stressing that such a showing must persuade Torres that removing the injunction will not harm investors or the market. He predicted that the SEC will “have to fall on its sword” in any renewed submission, perhaps acknowledging that Congress is weighing bespoke digital-asset legislation and that most major crypto assets now trade more like commodities than securities: “They’ve got to cite that digital assets are akin to commodities and there is no victim here.” Throughout the stream Deaton underscored that the development is procedural rather than substantive, yet still significant. “Ultimately this is just going to be another speed bump along the way, but it is a curveball,” he said, warning that the detour could postpone final resolution by “several more months.” For now, the August 2024 judgment stands exactly as entered: Ripple remains enjoined from unregistered institutional sales of XRP and owes a civil penalty calculated on that basis; the SEC’s claims regarding secondary-market trading are dismissed; and the appeals in the Second Circuit will proceed unless the parties craft a fresh motion convincing Judge Torres that extraordinary circumstances warrant a different outcome. Deaton summed up the road ahead with wary optimism: “I think, ultimately, this settlement will get done—but the XRP lawsuit is not over yet.” At press time, XRP traded at $2.42.
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A week of steady closes above the psychologically potent $100,000 mark has sharpened Mike Novogratz’s conviction that Bitcoin is once again approaching escape velocity. Speaking on the latest “Galaxy Brains” podcast, the Galaxy Digital founder traced the market’s arc back to its late-March nadir—“Bitcoin went down and kissed right where it broke out: $74,000”—and argued that the subsequent recovery has rebuilt the structural bid that drives decisive trend inflections. “Bitcoin stops going down, it finds its buyers, and then it starts regaining momentum; and as soon as it gets momentum, momentum begets momentum,” he told host Alex Thorn. The Key For A New Bitcoin All-Time High That regained momentum, Novogratz contends, has already neutralised the post-tariff risk-off that rattled global assets. Gold “roofed” while Bitcoin “sold off,” yet the cryptocurrency’s rebound has outpaced every major risk proxy. ETF demand underscores the shift: “Net cumulative flows are at all-time highs,” noted Galaxy trader Bimnet Abbi in the same episode, adding that retail and corporate treasuries continue to absorb supply. MicroStrategy’s at-the-market issuance has been “buying at a record pace,” and fresh entrants—including the “SoftBank-Tether version of MicroStrategy,” a newly announced “David Bailey version,” and an expanding Japanese version Metaplanet—are repeating that playbook. Related Reading: Road To $320,000: Bitcoin Enters Trend Continuation, But $109,400 Must Hold Novogratz sees these structural bids compressing the window between resistance and fresh price discovery. “It feels right now like if we take out $107,000, we’re going to be $120,000 – $130,000,” he predicted. The level he emphasised—$107,000—marks both the post-ETF closing high and the neckline of March’s corrective range; a decisive breach would, in his framing, unleash a self-reinforcing scramble for exposure among under-positioned institutions. Macro inputs appear to support that thesis. Equities “have rallied almost 25% from the lows,” Abbi observed, while retail investors who “bought the dip … are now sitting in a ton of profits.” Against that backdrop, Bitcoin’s correlation to traditional risk has remained elastic, at times trading “like gold” when monetary hedges caught a bid, and at times outperforming high-beta equities during growth rotations. For Novogratz, that chameleon-like behaviour is evidence that Bitcoin is maturing into “a macro asset that is going to be on every desk of every macro trader”—a role that, in his view, will eventually see its market capitalisation surpass gold’s. Related Reading: Bitcoin Will Hit $1 Million By 2028 As Capital Controls Kick In: Top Expert Even so, he acknowledged the feedback loop that can magnify volatility. Short-term froth—“real sellers … that bought at forty decided they wanted to sell at a hundred,” he said—dragged the asset down to $74,000 after January’s euphoric peak, and further tariff-driven shocks could repeat the pattern. Yet the supply-absorption dynamic, buttressed by ETF creations and corporate treasuries, has thus far shortened each corrective phase, allowing spot prices to stabilise in six-figure territory within six weeks of the March trough. The technical and structural narratives therefore converge, Novogratz argues, at the $107,000 pivot. Should that barrier yield, he expects a swift repricing into the $120,000 to $130,000 range—an advance of roughly 20% that would reset the discussion around how quickly Bitcoin can challenge its inflation-adjusted gold equivalent. Until then, the market waits on a single catalytic print; as the Galaxy CEO put it, “as soon as we get a little bit of mojo … you’re going to be asking, ‘how did that happen?’” At press time, BTC traded at $104,054. Featured image from YouTube, chart from TradingView.com
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COINOTAG News reports significant market activity as a prominent investor, referred to as a whale, utilized leverage to acquire 8,613 ETH within the last hour. This transaction is valued at
TL;DR ADA’s latest uptrend caught the eye of analysts, one of whom thinks the price may soar to $1 if it surpasses an important resistance level. A massive transfer of almost 70 million ADA from Coinbase to an unknown wallet raised speculations about a big whale move, but the rising RSI hints at a potential pullback in the short term. Is It Time for $1? Cardano’s native token has followed the overall resurgence of the cryptocurrency sector in the past several weeks. It pumped to as high as $0.85 on May 12 before retracing to the current $0.78 (per CoinGecko’s data), which represents a 30% increase on a monthly scale. According to the popular X user Ali Martinez, ADA has the potential to hit the psychological mark of $1. The X user believes that to do so, the price must first break above the resistance level of $0.81. It is worth mentioning that the last time ADA traded above $1 was at the beginning of March. Back then, US President Donald Trump revealed that his administration would move forward with establishing a strategic crypto reserve that would include Cardano’s cryptocurrency (among other leading digital assets). Soon after, though, he signed the executive order, which excluded ADA as it was solely focused on bitcoin. Martinez isn’t the only market observer envisioning additional gains for the asset in the future. Earlier this week, the X user Henry claimed to have explored numerous cryptocurrencies to determine which ones are the “gems with 100x potential.” They included ADA in the prestigious list, describing it as the ocean: “calm, deep, and misunderstood.” Henry also argued that the token was “built to last,” predicting a surge to $3 later this year. Observing Some Indicators The X account with over 2.7 million followers – Whale Alert – recently informed that almost 70 million ADA (worth more than $52 million) were transferred from Coinbase to an unknown wallet. Such actions are generally bullish since they indicate a shift from centralized platforms toward self-custody methods and reduce the immediate selling pressure. However, since there were no actual details on the transfer, it could mean that it was an internal Coinbase shuffling. On the other hand, ADA’s Relative Strength Index (RSI) has spiked to almost 60 on a daily scale. The momentum oscillator measures the speed and magnitude of the latest price changes to help traders identify possible bullish or bearish divergences. It varies from 0 to 100, and readings above 70 typically indicate that the asset has entered overbought territory and could be poised for correction. The post Cardano’s Road to $1: Key Factors for ADA’s Success appeared first on CryptoPotato .