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Pepe Coin (PEPE) price appears to have found its footing at $0.000011 as the meme coin recorded a significant decline in volatility in the last three days. The steady price movements follow a 54% increase in whale netflows as large addresses actively purchased the coins sold by traders who were exiting the market following a
The post Pepe Coin Price Holds Steady as Whale Netflows Spike 54% Despite Losses appeared first on CoinGape.
Ripple’s long-running legal clash with the US Securities and Exchange Commission (SEC) appears to be nearing its final chapter.
However, a surprising detail has emerged from the ongoing settlement talks, which could see Ripple pay its reduced $50 million penalty using its native token, XRP.
On April 11, Ripple CEO Brad Garlinghouse appeared on FOX Business. At the interview, he revealed that the idea of paying the penalty in XRP was floated during settlement discussions.
“The SEC is going to end up with $50 million and the US government gets $50 million and we talked about making that available in XRP,” Garlinghouse stated.
The ongoing negotiations follow Ripple’s and the SEC’s decision to drop their appeals, bringing the multi-year legal battle closer to closure.
“We’re moving past the SEC’s war on crypto and entering the next phase of the market – true institutional flows integrating with decentralized finance,” Garlinghouse added in a post on X.
Judge Analisa Torres originally set the fine at $125 million in 2024, linking it to Ripple’s unregistered XRP sales to institutional investors. Ripple complied by placing the funds in an interest-bearing account, but the appeals process delayed any further action.
With those appeals now abandoned, Ripple is expected to pay a reduced fine of $50 million.
A recent joint court filing confirms that both sides have reached a preliminary agreement. They are now seeking final approval from the SEC’s commissioners.
Once internal reviews are complete, the parties plan to request a formal ruling from the district court.
“There is good cause for the parties’ joint request that this Court put these appeals in abeyance. The parties have reached an agreement-in-principle, subject to Commission approval, to resolve the underlying case, the Commission’s appeal, and Ripple’s cross-appeal. The parties require additional time to obtain Commission approval for this agreement-in-principle, and if approved by the Commission, to seek an indicative ruling from the district court,” the filing stated.
If the commission votes in favor, this case could conclude one of the most closely watched regulatory battles in crypto history. More importantly, the use of XRP for the settlement could mark a significant shift in the SEC’s approach to digital assets.
This turnaround would represent a major regulatory shift and could trigger further bullish momentum for the token.
Since Donald Trump’s election victory in November 2024, investor confidence in XRP has grown sharply, pushing the token’s value up by more than 300%.
At the same time, institutional interest continues to rise, as seen in the wave of spot exchange-traded fund applications tied to the token
Market analysts have linked this performance to the friendlier political climate. They also point to the potential reclassification of XRP as a commodity as a key factor driving the asset’s rise.
The post Ripple Considers Paying $50 Million Penalty in XRP Amid SEC Case Resolution Talks appeared first on BeInCrypto.
March 2025 is witnessing a significant wave of changes in how US states approach cryptocurrency. Several states are actively introducing and passing legislative initiatives to promote crypto adoption.
Recent developments over the past week indicate a clear shift. US lawmakers no longer see cryptocurrency solely as a speculative asset but as a strategic part of the financial future.
One of the most notable advances this month comes from Kentucky. On March 24, the state governor signed the “Blockchain Digital Asset Act” (HB701) into law after the state Senate passed it with an overwhelming 37-0 vote.
This law protects residents’ right to self-custody Bitcoin while also legalizing and incentivizing crypto mining. It signals that Kentucky aims to safeguard individual rights in the crypto space and position itself as a potential blockchain mining hub.
With abundant energy resources from coal and hydropower, the state has a competitive advantage in attracting crypto-mining companies. Data shows that Kentucky accounts for 11% of the US Bitcoin hashrate.
North Carolina lawmakers are taking things a step further by proposing cryptocurrency integration into the public financial system.
According to Bitcoin Law, Bill H506, introduced on March 24, allows up to 5% of the state’s public funds to be invested in digital assets. Similarly, Bill S709, which also permits a 5% public fund allocation, was submitted to the Senate on Tuesday.
Additionally, Bill H92 proposes allocating up to 10% of public funds to purchase digital assets as a strategic reserve.
If passed, these initiatives would mark a major turning point. North Carolina could become one of the pioneering states using cryptocurrency to protect public funds from inflation and economic volatility. Lawmakers are accelerating discussions, with expectations of a decision in the coming weeks.
Arizona is also joining the race. The state’s House Rules Committee recently approved two bills: The Digital Assets Strategic Reserve Fund Bill (SB1373) and The Arizona Bitcoin Strategic Reserve Act (SB1025).
SB1373 allows the creation of a digital asset reserve funded by assets seized in criminal cases managed by the state treasurer. The treasurer can invest up to 10% of the reserve annually and lend assets to generate additional revenue as long as financial risks remain controlled.
Meanwhile, SB1025 permits the Arizona state treasury and pension system to invest up to 10% of their funds in Bitcoin. If a federal Bitcoin reserve fund is established, Arizona’s Bitcoin reserves could be securely stored in a separate account within that fund.
Additionally, last week, the Oklahoma House passed the Strategic Bitcoin Reserve Bill (HB1203).
This bill allows the Oklahoma State Treasurer to invest public funds from the State General Fund, Revenue Stabilization Fund, and Constitutional Reserve Fund in Bitcoin and other large-market digital assets (those with a market cap exceeding $500 billion), as well as stablecoins.
According to Bitcoin Law, 23 out of 50 US states have introduced Bitcoin reserve bills. Matthew Sigel, Head of Digital Assets Research at VanEck, believes that if enacted, these bills could drive significant Bitcoin purchases.
“We analyzed 20 state-level Bitcoin reserve bills. If enacted, they could drive $23 billion in buying, or 247,000 BTC. This sum is independent of any pension fund allocations, likely to rise if legislators move forward,” Sigel predicted.
With support from the Trump administration, including the establishment of a Federal Strategic Bitcoin Reserve on March 7, states are seizing the opportunity to reshape their financial policies.
The post US States Accelerate Crypto Mining and Bitcoin Reserve Bills in March 2025 appeared first on BeInCrypto.
Shiba Inu price secured a hotspot on crypto traders’ and investors’ radars this Thursday by showcasing the potential for massive gains ahead. Primarily against the backdrop of a whopping 60,000% surge in the SHIB burn rate and bullish price pattern formations, the meme coin is signaling an imminent rally. Notably, SHIB price is currently trading at the $0.000014 level, whilst numerous renowned market analysts have predicted that a bull run is right over the horizon.
A recent X post by crypto market trader and analyst ‘World Of Charts’ revealed that Shiba Inu price is eyeing 2x gains ahead. This bullish prediction is attributed to the meme coin showcasing the potential for a price rally with recent formations. As per the analyst, the coin’s price is currently trading in a descending channel range. A sustained breakout above the upper trendline in this formation cements the chances of a bull run.
For context, a descending channel pattern is a bearish formation characterized by two parallel trendlines sloping downward. Nevertheless, the analyst believes that 2x gains are possible, given that a sustained breakout above the upper trendline holds. This bullish projection promptly echoed a huge market buzz, with the latest burn statistics further bolstering investor sentiments.
According to Shibburn’s data on March 27, the SHIB burn rate surged by a whopping 57,291.91% intraday. Over 1 billion coins were permanently removed from the asset’s circulating supply in the past 24 hours.
As an upshot, bullish market sentiments surrounding the meme coin‘s price gained additional weight. Crypto market traders and investors anticipate bolstered SHIB price trajectories due to the constant hits to the supply, mirroring the law of supply and demand.
Overall, the latest market stats have ushered in a remarkable bullish sentiment about the meme crypto’s future price aspects.
However, Shiba Inu coin’s price is currently down 1% from yesterday and trading at $0.00001446. Its intraday low and high were $0.00001408 and $0.00001561, respectively. Notably, the meme token is up nearly 13% over the week. The broader bullish action, coupled with recent burn metrics and price chart formations, further indicates that a rally is possible in the long term.
Meanwhile, another renowned market trader, Javon Marks, took the stage amid these bullish developments to project a bullish outlook for price. Javon conveyed that the token’s price is starting to return with signs of strength. A potential rally to the $0.000081 price target also awaits, per the analyst.
The post Shiba Inu Price Eyes 2x Gains As SHIB Burn Rate Shoots 60,000% appeared first on CoinGape.