August 8th, 2025 – San Jose, California CARV , the first AI infrastructure that is powering the rise of sovereign AI Beings, proudly marks the successful conclusion of the Tech Fairness Hackathon , co-hosted with FAIR3 and HackQuest . The global hackathon, focused on building open, equitable AI and Web3 technologies, drew over 600 applicants and more than 200 registered projects, culminating in 21 winning teams selected from 30 finalists. The event showcased the global momentum behind agent-based, privacy-first, modular applications, perfectly aligned with CARV’s long-term roadmap for evolving from data infrastructure into a fully composable, autonomous AI Being Stack. CARV’s track challenged developers to go deep into four core infrastructure layers: AI Agent Infra on SVM : Building execution and coordination layers atop CARV’s custom Solana Virtual Machine (SVM) chain. Decentralized Data Orchestration : Leveraging CARV’s D.A.T.A. Framework for real-time, consent-based agent data. Modular Identity & Reputation : Extending the capabilities of CARV ID for agents through behavioral metadata and verifiable Agent IDs. Open Innovation : Demonstrating real-world agent applications that align with CARV’s consumer-focused direction. Projects like AI World , Cipher Protocol , DootyCall , NutriMe , and PeachLust emerged as leading examples of how decentralized agents can be brought to life through modular infrastructure. These use cases range from AI-powered health apps and generative storytelling platforms to real-time financial assistants—all integrated with identity, data, and onchain execution logic. “Genesis Evolution is not a theory. Builders are proving what is possible,” said Ambero Tu, CTO of CARV. “This Hackathon gave us a live lab to test those ideas with builders around the world. The winning projects are not just demos, they are viable microcosms of what the CARV ecosystem can become.” Ambero highlighted that several teams successfully integrated the CARV ID SDK and began experimenting with structured queries to the D.A.T.A. Framework. Furthermore, he emphasized three near-term priorities following the Hackathon: Deploy Agent IDs at Scale : Begin issuing Agent IDs with behavioral metadata, enabling early versions of the Unified Reputation Graph. Launch Early Agent Marketplaces : Enable testnet-native transactions between agents for data access, compute, or service exchange. Drive Governance Participation : Encourage builders to stake veCARV and participate in early governance rounds that influence protocol parameters and developer incentives. Victor Yu, COO of CARV, mentioned that the next step is to support the builders with on-chain deployments, testing environments, and fast-track access to CARV’s infrastructure. To continue momentum post-Hackathon, CARV will provide: Engineering mentorship for integrating with the CARV SVM chain and D.A.T.A. Framework Grants and ecosystem onboarding for top teams ready to productize Access to real user traffic via CARV Play and partner platforms Participation in the Agent ID early issuance program Opportunities to propose Agent DAO pilots through veCARV governance CARV sees this Hackathon not as an endpoint, but as the ignition point for an ecosystem of AI Beings, agents that are identity-bound, economically aligned, and designed to serve real people, not just centralized platforms. “This was a proof of concept not just for our technology, but for our values,” said Victor. “We are proud to see builders from around the world embrace Tech Fairness, Data Sovereignty, and the Agent Economy . Now, we keep building. Together.” About CARV CARV is where Sovereign AI Beings live, learn, and evolve. What are AI Beings? They are sovereign intelligences born natively on-chain. AI Beings are designed with purpose, autonomy, and the capacity for growth. They possess memory, identity, and the ability to perceive and interact with their environment, not just to execute tasks, but to make independent decisions, adapt over time, and pursue self-defined goals. Anchored by its proprietary CARV SVM Chain, D.A.T.A. Framework, and CARV ID/Agent ID system ( ERC-7231 ), CARV enables verifiable, consent-based AI Beings that learn, adapt, and co-create with users. Driven by CARV’s AI-first stack, consumer AI apps incubated through CARV Labs launched on Google Play, App Store and beyond, reaching billions of people, bringing agent-powered experiences and real-world incentives into mainstream digital life. With 8M+ CARV IDs issued, 60K+ verifier nodes, and 1,000+ integrated games, CARV bridges AI agents, Web3 infrastructure, and real-world utility, fueling the rise of agent-driven economies. At its core, CARV token powers staking, governance, and coordination across this stack, making CARV the operating system for AI Beings on Web3. X (Twitter): https://x.com/carv_official Discord: https://discord.com/invite/carv Telegram: https://t.me/carv_official_global Whitepaper: https://docs.carv.io/ Contact COO Victor Yu CARV vito@carv.io This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility. Follow Us on X Facebook Telegram Check out the Latest Industry Announcements The post Moving Forward: Builders Are Proving What’s Possible with CARV’s AI Stack appeared first on The Daily Hodl .
San Jose, California, August 8th, 2025, Chainwire CARV , the first AI infrastructure that is powering the rise of sovereign AI Beings, proudly marks the successful conclusion of the Tech Fairness Hackathon , co-hosted with FAIR3 and HackQuest . The global hackathon, focused on building open, equitable AI and Web3 technologies, drew over 600 applicants and more than 200 registered projects, culminating in 21 winning teams selected from 30 finalists. The event showcased the global momentum behind agent-based, privacy-first, modular applications, perfectly aligned with CARV’s long-term roadmap for evolving from data infrastructure into a fully composable, autonomous AI Being Stack. CARV’s track challenged developers to go deep into four core infrastructure layers: AI Agent Infra on SVM: Building execution and coordination layers atop CARV’s custom Solana Virtual Machine (SVM) chain. Decentralized Data Orchestration: Leveraging CARV’s D.A.T.A. Framework for real-time, consent-based agent data. Modular Identity & Reputation: Extending the capabilities of CARV ID for agents through behavioral metadata and verifiable Agent IDs. Open Innovation: Demonstrating real-world agent applications that align with CARV’s consumer-focused direction. Projects like AI World, Cipher Protocol, DootyCall, NutriMe, and PeachLust emerged as leading examples of how decentralized agents can be brought to life through modular infrastructure. These use cases range from AI-powered health apps and generative storytelling platforms to real-time financial assistants—all integrated with identity, data, and onchain execution logic. “Genesis Evolution is not a theory. Builders are proving what is possible,” said Ambero Tu, CTO of CARV. “This Hackathon gave us a live lab to test those ideas with builders around the world. The winning projects are not just demos, they are viable microcosms of what the CARV ecosystem can become.” Ambero highlighted that several teams successfully integrated the CARV ID SDK and began experimenting with structured queries to the D.A.T.A. Framework. Furthermore, he emphasized three near-term priorities following the Hackathon: Deploy Agent IDs at Scale: Begin issuing Agent IDs with behavioral metadata, enabling early versions of the Unified Reputation Graph. Launch Early Agent Marketplaces: Enable testnet-native transactions between agents for data access, compute, or service exchange. Drive Governance Participation: Encourage builders to stake veCARV and participate in early governance rounds that influence protocol parameters and developer incentives. Victor Yu, COO of CARV, mentioned that the next step is to support the builders with on-chain deployments, testing environments, and fast-track access to CARV’s infrastructure. To continue momentum post-Hackathon, CARV will provide: Engineering mentorship for integrating with the CARV SVM chain and D.A.T.A. Framework Grants and ecosystem onboarding for top teams ready to productize Access to real user traffic via CARV Play and partner platforms Participation in the Agent ID early issuance program Opportunities to propose Agent DAO pilots through veCARV governance CARV sees this Hackathon not as an endpoint, but as the ignition point for an ecosystem of AI Beings, agents that are identity-bound, economically aligned, and designed to serve real people, not just centralized platforms. “This was a proof of concept not just for our technology, but for our values,” said Victor. “We are proud to see builders from around the world embrace Tech Fairness, Data Sovereignty, and the Agent Economy. Now, we keep building. Together.” About CARV CARV is where Sovereign AI Beings live, learn, and evolve. What are AI Beings? They are sovereign intelligences born natively on-chain. AI Beings are designed with purpose, autonomy, and the capacity for growth. They possess memory, identity, and the ability to perceive and interact with their environment, not just to execute tasks, but to make independent decisions, adapt over time, and pursue self-defined goals. Anchored by its proprietary CARV SVM Chain, D.A.T.A. Framework, and CARV ID/Agent ID system ( ERC-7231 ), CARV enables verifiable, consent-based AI Beings that learn, adapt, and co-create with users. Driven by CARV’s AI-first stack, consumer AI apps incubated through CARV Labs launched on Google Play, App Store and beyond, reaching billions of people, bringing agent-powered experiences and real-world incentives into mainstream digital life. With 8M+ CARV IDs issued, 60K+ verifier nodes, and 1,000+ integrated games, CARV bridges AI agents, Web3 infrastructure, and real-world utility, fueling the rise of agent-driven economies. At its core, $CARV token powers staking, governance, and coordination across this stack, making CARV the operating system for AI Beings on Web3. X (Twitter): https://x.com/carv_official Discord: https://discord.com/invite/carv Telegram: https://t.me/carv_official_global Whitepaper: https://docs.carv.io/ ContactCOOVictor YuCARVvito@carv.io Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.
BitcoinWorld Moving Forward: Builders Are Proving What’s Possible with CARV’s AI Stack San Jose, California, August 8th, 2025, Chainwire CARV , the first AI infrastructure that is powering the rise of sovereign AI Beings, proudly marks the successful conclusion of the Tech Fairness Hackathon , co-hosted with FAIR3 and HackQuest . The global hackathon, focused on building open, equitable AI and Web3 technologies, drew over 600 applicants and more than 200 registered projects, culminating in 21 winning teams selected from 30 finalists. The event showcased the global momentum behind agent-based, privacy-first, modular applications, perfectly aligned with CARV’s long-term roadmap for evolving from data infrastructure into a fully composable, autonomous AI Being Stack. CARV’s track challenged developers to go deep into four core infrastructure layers: AI Agent Infra on SVM : Building execution and coordination layers atop CARV’s custom Solana Virtual Machine (SVM) chain. Decentralized Data Orchestration : Leveraging CARV’s D.A.T.A. Framework for real-time, consent-based agent data. Modular Identity & Reputation : Extending the capabilities of CARV ID for agents through behavioral metadata and verifiable Agent IDs. Open Innovation : Demonstrating real-world agent applications that align with CARV’s consumer-focused direction. Projects like AI World , Cipher Protocol , DootyCall , NutriMe , and PeachLust emerged as leading examples of how decentralized agents can be brought to life through modular infrastructure. These use cases range from AI-powered health apps and generative storytelling platforms to real-time financial assistants—all integrated with identity, data, and onchain execution logic. “Genesis Evolution is not a theory. Builders are proving what is possible,” said Ambero Tu, CTO of CARV. “This Hackathon gave us a live lab to test those ideas with builders around the world. The winning projects are not just demos, they are viable microcosms of what the CARV ecosystem can become.” Ambero highlighted that several teams successfully integrated the CARV ID SDK and began experimenting with structured queries to the D.A.T.A. Framework. Furthermore, he emphasized three near-term priorities following the Hackathon: Deploy Agent IDs at Scale : Begin issuing Agent IDs with behavioral metadata, enabling early versions of the Unified Reputation Graph. Launch Early Agent Marketplaces : Enable testnet-native transactions between agents for data access, compute, or service exchange. Drive Governance Participation : Encourage builders to stake veCARV and participate in early governance rounds that influence protocol parameters and developer incentives. Victor Yu, COO of CARV, mentioned that the next step is to support the builders with on-chain deployments, testing environments, and fast-track access to CARV’s infrastructure. To continue momentum post-Hackathon, CARV will provide: Engineering mentorship for integrating with the CARV SVM chain and D.A.T.A. Framework Grants and ecosystem onboarding for top teams ready to productize Access to real user traffic via CARV Play and partner platforms Participation in the Agent ID early issuance program Opportunities to propose Agent DAO pilots through veCARV governance CARV sees this Hackathon not as an endpoint, but as the ignition point for an ecosystem of AI Beings, agents that are identity-bound, economically aligned, and designed to serve real people, not just centralized platforms. “This was a proof of concept not just for our technology, but for our values,” said Victor. “We are proud to see builders from around the world embrace Tech Fairness, Data Sovereignty, and the Agent Economy . Now, we keep building. Together.” About CARV CARV is where Sovereign AI Beings live, learn, and evolve. What are AI Beings? They are sovereign intelligences born natively on-chain. AI Beings are designed with purpose, autonomy, and the capacity for growth. They possess memory, identity, and the ability to perceive and interact with their environment, not just to execute tasks, but to make independent decisions, adapt over time, and pursue self-defined goals. Anchored by its proprietary CARV SVM Chain, D.A.T.A. Framework, and CARV ID/Agent ID system ( ERC-7231 ), CARV enables verifiable, consent-based AI Beings that learn, adapt, and co-create with users. Driven by CARV’s AI-first stack, consumer AI apps incubated through CARV Labs launched on Google Play, App Store and beyond, reaching billions of people, bringing agent-powered experiences and real-world incentives into mainstream digital life. With 8M+ CARV IDs issued, 60K+ verifier nodes, and 1,000+ integrated games, CARV bridges AI agents, Web3 infrastructure, and real-world utility, fueling the rise of agent-driven economies. At its core, $CARV token powers staking, governance, and coordination across this stack, making CARV the operating system for AI Beings on Web3. X (Twitter): https://x.com/carv_official Discord: https://discord.com/invite/carv Telegram: https://t.me/carv_official_global Whitepaper: https://docs.carv.io/ Contact COO Victor Yu CARV vito@carv.io This post Moving Forward: Builders Are Proving What’s Possible with CARV’s AI Stack first appeared on BitcoinWorld and is written by chainwire
San Jose, California, August 8th, 2025, Chainwire CARV , the first AI infrastructure that is powering the rise of sovereign AI Beings, proudly marks the successful conclusion of the Tech Fairness Hackathon , co-hosted with FAIR3 and HackQuest . The global hackathon, focused on building open, equitable AI and Web3 technologies, drew over 600 applicants and more than 200 registered projects, culminating in 21 winning teams selected from 30 finalists. The event showcased the global momentum behind agent-based, privacy-first, modular applications, perfectly aligned with CARV’s long-term roadmap for evolving from data infrastructure into a fully composable, autonomous AI Being Stack. CARV’s track challenged developers to go deep into four core infrastructure layers: AI Agent Infra on SVM: Building execution and coordination layers atop CARV’s custom Solana Virtual Machine (SVM) chain. Decentralized Data Orchestration: Leveraging CARV’s D.A.T.A. Framework for real-time, consent-based agent data. Modular Identity & Reputation: Extending the capabilities of CARV ID for agents through behavioral metadata and verifiable Agent IDs. Open Innovation: Demonstrating real-world agent applications that align with CARV’s consumer-focused direction. Projects like AI World, Cipher Protocol, DootyCall, NutriMe, and PeachLust emerged as leading examples of how decentralized agents can be brought to life through modular infrastructure. These use cases range from AI-powered health apps and generative storytelling platforms to real-time financial assistants—all integrated with identity, data, and onchain execution logic. “Genesis Evolution is not a theory. Builders are proving what is possible,” said Ambero Tu, CTO of CARV. “This Hackathon gave us a live lab to test those ideas with builders around the world. The winning projects are not just demos, they are viable microcosms of what the CARV ecosystem can become.” Ambero highlighted that several teams successfully integrated the CARV ID SDK and began experimenting with structured queries to the D.A.T.A. Framework. Furthermore, he emphasized three near-term priorities following the Hackathon: Deploy Agent IDs at Scale: Begin issuing Agent IDs with behavioral metadata, enabling early versions of the Unified Reputation Graph. Launch Early Agent Marketplaces: Enable testnet-native transactions between agents for data access, compute, or service exchange. Drive Governance Participation: Encourage builders to stake veCARV and participate in early governance rounds that influence protocol parameters and developer incentives. Victor Yu, COO of CARV, mentioned that the next step is to support the builders with on-chain deployments, testing environments, and fast-track access to CARV’s infrastructure. To continue momentum post-Hackathon, CARV will provide: Engineering mentorship for integrating with the CARV SVM chain and D.A.T.A. Framework Grants and ecosystem onboarding for top teams ready to productize Access to real user traffic via CARV Play and partner platforms Participation in the Agent ID early issuance program Opportunities to propose Agent DAO pilots through veCARV governance CARV sees this Hackathon not as an endpoint, but as the ignition point for an ecosystem of AI Beings, agents that are identity-bound, economically aligned, and designed to serve real people, not just centralized platforms. “This was a proof of concept not just for our technology, but for our values,” said Victor. “We are proud to see builders from around the world embrace Tech Fairness, Data Sovereignty, and the Agent Economy. Now, we keep building. Together.” About CARV CARV is where Sovereign AI Beings live, learn, and evolve. What are AI Beings? They are sovereign intelligences born natively on-chain. AI Beings are designed with purpose, autonomy, and the capacity for growth. They possess memory, identity, and the ability to perceive and interact with their environment, not just to execute tasks, but to make independent decisions, adapt over time, and pursue self-defined goals. Anchored by its proprietary CARV SVM Chain, D.A.T.A. Framework, and CARV ID/Agent ID system ( ERC-7231 ), CARV enables verifiable, consent-based AI Beings that learn, adapt, and co-create with users. Driven by CARV’s AI-first stack, consumer AI apps incubated through CARV Labs launched on Google Play, App Store and beyond, reaching billions of people, bringing agent-powered experiences and real-world incentives into mainstream digital life. With 8M+ CARV IDs issued, 60K+ verifier nodes, and 1,000+ integrated games, CARV bridges AI agents, Web3 infrastructure, and real-world utility, fueling the rise of agent-driven economies. At its core, $CARV token powers staking, governance, and coordination across this stack, making CARV the operating system for AI Beings on Web3. X (Twitter): https://x.com/carv_official Discord: https://discord.com/invite/carv Telegram: https://t.me/carv_official_global Whitepaper: https://docs.carv.io/ ContactCOOVictor YuCARVvito@carv.io 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.
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PEPE Coin, like the rest of the crypto market, has seen its price beaten down toward June lows once again after an explosive month of July . This has set the meme coin on another bearish path that could end up in a crash of the $0.00001 resistance. However, with the new week, there have been some positive changes, and indicators are starting to point toward a possible recovery that could send the price doubling. PEPE Enters Consolidation Phase The PEPE price is trending dangerously close to the $0.00001 support, and even the recent bounce has not been able to completely eliminate the risk of bears pulling it down completely. Crypto analyst MasterAnanda attributes this development to the fact that the entire market is in a retracement, and thus, this is not a decline driven by factors solely unique to the PEPE meme coin . There is also the fact that the cryptocurrency has been able to hold up quite nicely despite the market decline, suggesting there is still some level of strength in the market. This is shown in the multiple waves of bullish and bearish trends that have been seen so far this year, with a local peak in May, and then another in July. Despite the decline, the crypto analyst explains that PEPE is actually trading in a very strong structure . This is actually noticeable in the fact that PEPE has managed to remain inside the $0.00001-$0.000011 structure without breaking down completely. Given that June saw a higher low, the analyst believes that this means that it will not make a new low despite the crash. Another factor that points to a possible upward move for the PEPE price is the fact that volume has dropped quite low. Data from the Coinglass website shows that the PEPE trading volume had peaked as high as $5 billion back in the month of July, during the height of the market rally. However, since then, there has been a noticeable decline in the daily trading volume for the meme coin. By the start of August, trading volume had already fallen below the $2 billion mark, standing at around $1.2 billion at the time of writing. This translates to a 76% decrease from the July 12 high, less than a month before. Given that low volumes are often indicative of an end to a bearish trend, it is possible that PEPE will soon reach a bottom before reversing . Another possible scenario outlined by the crypto analyst is that the price could see a flash crash followed by a quick recovery, but both with similar outcomes, which is a price rally. The PEPE meme coin is also in a consolidation trend after the decline. There have been sideways and mid-range price action that have dominated the altcoin as proof of this consolidation. Since consolidation trends are historically known to end in an uptrend, it is likely that PEPE would see another wave of growth once this consolidation ends.
Ethereum (ETH) is attempting to break out of a crucial resistance level after recovering from last week’s lows. Some analysts suggested that the cryptocurrency is repeating past breakout playbooks, which could lead to a new high this quarter. Related Reading: Cardano (ADA) Targets $0.80 As Price Retests Key Level – Is An 85% Jump Ahead? Fourth Time’s The Charm? On Thursday, Ethereum retested the $3,850 level after recording a 6.3% surge in the daily timeframe. The surge was fueled by news of President Donald Trump’s alleged plan to sign an executive order that would allow private equity, real estate, cryptocurrency, and other alternative assets investments in 401(k) plans. The executive order would reportedly direct the Department of Labor (DOL) to revise the guidelines related to alternative asset investments in retirement plans, opening the doors to the $12.5 trillion industry. Notably, the King of Altcoins has been trading between the $3,400-$3,800 price range since the mid-July breakout, attempting to break out from the last “major resistance” zone three times during this period. Last week, ETH surged to a seven-month high of $3,941, briefly trading above the key resistance zone before retracing to its local range. The start-of-August correction saw the cryptocurrency retreat to the range lows, retesting the $3,350-$3,400 area as support. Ethereum attempted to reclaim the range highs as this week started, trading in the $3,600-$3,700 mid-zone for the past three days. However, today’s pump saw the second-largest crypto surge past the $3,800 area and retest the $3,850 local resistance. Following its recent performance, analyst Alex Clay considers that ETH’s correction “seems to be over.” He highlighted an 18-month descending broadening wedge on the daily chart, affirming that a “breakout is imminent” as the cryptocurrency neared the formation’s upper boundary. Ethereum To Hit New Highs Soon Analyst Ted Pillows affirmed that ETH is “just one bullish candle away from a major breakout,” highlighting the similarities between its May-June setup and its current one. Following the May breakout, Ethereum traded within its local range, failing to break above the $2,700 resistance multiple times before its June bull and bear traps. Following the fake-out and retest of the lows, the cryptocurrency broke out of its range and hit a new yearly high in the following weeks. Similarly, ETH has been trading within its current range after the July breakout, as the analyst’s chart shows, retesting the local resistance before the late July bull trap. After the early August bear trap, the King of Altcoins is now retesting the $3,850-$3,900 area. A breakout from this zone could propel the price above the $4,000 barrier if history repeats. Based on this, the analyst suggested that a $5,000 target is possible before the quarter ends. Meanwhile, Rekt Capital highlighted that the Ethereum Dominance (ETHDOM) has surged above the 12% level in an uptrend for the first time in five years. Related Reading: Solana To Drop Before The ‘Real Move’? Analyst Forecasts New Highs In Q3 He noted that the last time ETHDOM rallied to this area was in July 2020, when it consolidated between the 12% to 16% zone for months before breaking out in 2021. According to the analyst, ETHDOM is now challenging to transition into a similar consolidation phase. As of this writing, ETH trades at $3,826 in the one-week chart, a 48% increase in the monthly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
PENGU breaches bullish pattern and now eyeing a 25% rally.
Ripple Labs and the US SEC have officially ended their nearly four-year legal fight, marking one of the most closely watched cases in crypto history. The move sent XRP up more than 13% following the announcement. On Thursday, both parties filed a joint notice with the US Court of Appeals for the Second Circuit, stating they would voluntarily withdraw their respective appeals. The SEC dropped its challenge to a 2023 ruling that found Ripple’s XRP token was not a security when sold on public exchanges. Ripple, in turn, withdrew its cross-appeal. Each side agreed to cover its own legal costs. Ripple Lawsuit Sparked Major Test of How US Courts View Digital Tokens The case began in 2020, when the SEC sued Ripple under then-Chair Jay Clayton, accusing the firm of raising funds through an unregistered securities offering by selling XRP. The lawsuit, filed in the Southern District of New York, quickly became a test case for how US law should treat digital tokens. Following the Commission's vote today, the SEC and Ripple formally filed directly with the Second Circuit to dismiss their appeals. The end…and now back to business. https://t.co/nVqthNcFOt — Stuart Alderoty (@s_alderoty) August 7, 2025 In July 2023, US District Judge Analisa Torres issued a split ruling. She found that Ripple had indeed violated securities laws when it sold XRP directly to institutional investors . However, she said that sales to retail investors through public exchanges did not meet the definition of a securities offering, a conclusion widely seen as a partial win for the broader crypto sector. The SEC appealed the retail sales portion of the ruling last year, while Ripple filed a cross-appeal seeking to defend its position in full. Ripple Secures Closure as SEC Scales Back Aggressive Crypto Legal Strategy But after Donald Trump returned to the White House and installed new leadership at the SEC, the agency began stepping back from several enforcement actions. More than a dozen crypto-related cases and probes have since been dropped. Ripple and the SEC agreed in June last year to resolve the remaining penalties tied to the case. Judge Torres imposed a $125m fine and a permanent injunction barring Ripple from violating securities laws in future institutional sales of XRP. That penalty, now in escrow, will be transferred to the US Treasury following the conclusion of the appeals. Negotiations earlier this year to lower the penalty amount failed, with Judge Torres rejecting multiple proposals over procedural issues. The dismissal of the appeals finalizes the settlement terms, bringing the long-running dispute to a close. Now, with the 2023 ruling intact, legal observers say the case may become a key reference for how courts evaluate whether crypto assets qualify as securities. For Ripple, it clears the way to expand operations, particularly in jurisdictions that have already adopted clearer regulatory guidelines. The post XRP Surges Over 13% After Ripple and SEC Drop Final Appeals in Landmark Case appeared first on Cryptonews .
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