The long-running lawsuit between Ripple and the SEC is nearing its conclusion, as the SEC has withdrawn its objection, according to Ripple CEO Brad Garlinghouse.
While final approval is still pending, this development marks a significant milestone in the case, which has hindered Ripple’s U.S. operations.
Ripple’s announcement led to a spike in XRP’s price, with analysts suggesting that the end of the case, coupled with Ripple’s progress and potential regulatory changes, could significantly impact XRP’s value.
B2BinPay CEO Arthur Azizov forecasts XRP could reach between $5 and $7 by mid-2025, driven by the SEC case’s resolution and Ripple’s global payment advancements. Other analysts, like XTB’s Hani Abuagla, predict a much wider price range, from $5 to $100, citing potential regulatory shifts under a new U.S. administration.
Bitget Research analyst Ryan Lee offered a more conservative estimate, with XRP ranging from $1.80 to $8.40, potentially reaching $10, dependent on adoption and regulatory clarity.
John Deaton, founder of CryptoLawUS, believes XRP could even surpass Ethereum in market value, should the SEC approve XRP ETFs. Despite the optimism, the future of XRP remains uncertain, hinging on various factors including legal and regulatory outcomes.
Solaxy ($SOLX) is revolutionizing blockchain technology by offering the first Layer-2 solution on Solana. This project significantly improves speed and reduces transaction fees, solving network congestion problems.
Solaxy’s advanced rollup architecture shows strong potential to optimize transaction speeds and reduce congestion-related inefficiencies on Solana. The project’s approach reduces congestion and ensures smooth execution, even during peak activity. For traders, this means faster and more reliable transactions, preventing failed swaps.
Beyond improving transaction efficiency, Solaxy is expanding interoperability between Solana and Ethereum. The $SOLX token functions as a multi-chain asset, allowing users to engage across both ecosystems. This provides access to Ethereum’s liquidity while benefiting from Solana’s speed and cost efficiency.
Blockchain analytics from Arkham Intelligence reveal that the U.S. government has transferred $8 million in Bitcoin, with most of it redirected to a change wallet.
Binance, the leading global cryptocurrency exchange, kicked off the day with an exciting announcement regarding a new altcoin addition.
Dogecoin has witnessed an exciting surge in activity this week, as major investors, often referred to as “whales,” have been steadily acquiring large amounts of the meme coin.
Custodia Bank, a notable player in the crypto space, has partnered with Vantage Bank to introduce a groundbreaking stablecoin, marking a first for the U.S. banking sector.