American Bitcoin Corp., the Bitcoin mining company backed by Eric Trump, has announced it will go public through a merger with Gryphon Digital Mining, a company already trading on the Nasdaq. Once the deal is complete, the combined company will operate under the American Bitcoin name and trade with the ticker “ABTC.”
“Our vision for American Bitcoin is to create the most investable Bitcoin accumulation platform in the market,” said Eric Trump, Co-founder and Chief Strategy Officer of American Bitcoin.
Gryphon is a U.S.-based company focused on entering both bitcoin mining and AI. If all goes as planned, the transaction could be finalized by Q3 2025, with American Bitcoin’s current shareholders expected to own around 98% of the combined company. The leadership team from American Bitcoin will continue to lead the business after the merger.
Hut 8 Corp., which launched American Bitcoin earlier this year in partnership with Eric Trump, will also benefit from the merger. Their goal is to build the “world’s largest, most efficient pure-play Bitcoin miner”, while also building a strong Strategic Bitcoin Reserve.
CEO of Hut 8, Asher Genoot, believes that the move will unlock capital for further growth, while keeping the company’s finances strong, and will also give investors a chance to profit from Bitcoin’s long-term potential.
Earlier this year, Dominari Holdings announced a new project called American Data Centers to create computing systems for the AI industry. Eric Trump and Donald Trump Jr. are also investors in the project, and Eric is also on the advisory board of Dominari Holdings.
Although Trump has promised to make the U.S. the crypto capital of the planet, criticisms are increasing as Trump is getting more involved in crypto, which could lead to conflicts of interest, regulatory challenges, and ethical concerns.
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Bitcoin treasury activity accelerated sharply between June 30 and July 4, with major signals coming from both startups and established firms. In total, 54 announcements were recorded, revealing movement of over 8,400 BTC into corporate wallets. This sharp uptick marks one of the most active weeks for BTC treasury growth in 2025. Figma Joins Bitcoin
The Ripple vs SEC is finally on the cusp of wrapping up, with a recent announcement made by CEO Brad Garlinghouse about dropping the cross-appeal against the SEC. This breaking news has uplifted the XRP price by more than 5% due to increased interest from retail and institutional investors alike.
This news comes one day after a US district court denied a joint request from Ripple and the SEC. The motion sought to reduce the $125 million civil penalty and reverse a previous order regarding XRP sales.
By ending the appeal, Ripple shows confidence in its business model and regulatory position. If the SEC also drops its appeal, it would formally conclude a four-year conflict and offer clarity for other crypto firms facing SEC scrutiny.
Now, many industry experts expect a clear path for a U.S. spot XRP ETF. They speculate that BlackRock may lead the way, especially after Ripple dropped its appeal against the SEC. While the U.S. is still figuring out alt-ETFs, Canada has already launched the “3iQ XRP ETF,”. This ETF quickly hit $32 million in AUM, indicating strong early demand.
keep reading to know more.
For Mass Adoption XRP ETF & Cross-Chain Interoperability Is Essential
Nate Geraci, president of The ETF Store, called Ripple’s recent decision a turning point. Now, the odds are more than ever for XRP ETF to be approved.
Meanwhile, Bloomberg analysts last week raised the XRP ETF approval odds to 95%, and polymarket sees a 78% chance by the year-end. The expectations are running wild, with many even betting that BlackRock would be the most likely player to take the lead, but BlackRock hasn’t confirmed anything yet.
Closed chapter on this clears way for spot XRP ETF…
The hopes are high because legal clarity would allow other big players to feel confident enough to explore launching an XRP-backed ETF.
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If this is approved, adoption would rise, boosting the XRP price higher too. Yet, Ripple’s CTO, David Schwartz, recently commented that real adoption could rise if cross-chain interoperability in the XRP ecosystem is introduced. And this week’s Wormhole announcement is a clear indication that they are headed that road.
Analyst Hints $10 in XRP Price
The XRP price has continued its downtrend within a falling channel, dropping over 35% from its Q1 peak, resulting in a bearish first half.
Despite this, XRP is maintaining a strong support area in Q2 and is consolidating near the channel’s upper boundary.
While the H1 price action might appear bearish, but rising bullish sentiment, increased on-chain activity, major integrations, and recent legal clarity suggest a potential breakout ahead.
If the legal battle surrounding XRP concludes favorably, a breakout could target the Q1 high of approximately $3.39, with the possibility of even higher targets.
Even analyst opinions like Captain Redbeard also align with optimistic forecasts. The analyst highlights that if XRP price advances, then a major bounce from the current demand zone could push a rise to $10.
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FAQs
Is Ripple going to settle with the SEC, or is the lawsuit officially over?
Ripple is not formally “settling” in the traditional sense, as a proposed settlement was rejected. However, Ripple has withdrawn its cross-appeal and accepted the court’s $125 million penalty. The lawsuit is effectively ending as the SEC is also expected to withdraw its appeal.
How high will XRP go after the lawsuit officially concludes?
Analysts are highly optimistic for XRP post-lawsuit. Short-term targets range from $3.00-$3.59, with 12-month potential between $5.00-$8.00, especially with a likely spot XRP ETF approval. Some even project targets as high as $10-$15 in this cycle.
How would a spot XRP ETF affect XRP’s price, adoption, and overall market sentiment?
A spot XRP ETF would likely boost XRP’s price significantly by unlocking billions in institutional capital. It would dramatically enhance liquidity, legitimize XRP as a mainstream investment, and shift overall market sentiment to be overwhelmingly positive due to increased accessibility and regulatory clarity.
Will this legal clarity encourage more institutional investment and product development in the U.S. crypto market?
Yes, the legal clarity from the Ripple case is expected to significantly encourage more institutional investment and product development in the U.S. crypto market. This clearer regulatory environment provides confidence for major players to launch new crypto-backed financial products and engage with digital assets.
The post Will XRP Price Hit $10 appeared first on Coinpedia Fintech News
The Ripple vs SEC is finally on the cusp of wrapping up, with a recent announcement made by CEO Brad Garlinghouse about dropping the cross-appeal against the SEC. This breaking news has uplifted the XRP price by more than 5% due to increased interest from retail and institutional investors alike. This news comes one day …
The incident was controversial after some community members noticed some concerning data. The revelations led to dire allegations, with some likening ZkSync to Mantra (OM). To some, ZKsync responded to the hack by dumping their assets at an accelerated pace.
“The ZkSync team has released 110 million tokens and sold 66 million. The price of ZK is going against the trend as the market is recovering, and it has immediately dropped by 15%. First OM, now ZK, this project seems to be heading in the wrong direction,” one user noted.
This bordered on embezzlement. However, in a recent development, the ZKsync Association revealed that the hacker returned 90% of the funds, effectively honoring the safe harbor deadline.
We’re pleased to share that the hacker has cooperated and returned the funds within the safe harbor deadline. As stated in the original Security Council message, the case is now considered resolved.
The assets are now in custody of the Security Council, and the decision on what… https://t.co/X0oejun9Tx
Through an April 21 post on X (Twitter), the ZKsync Security Council offered the hacker a 10% bounty if they returned the stolen funds, allowing a 72-hour window.
“To resolve this matter amicably in the spirit of safe harbor, we are offering a 10% bounty for your cooperation if you return 90% of the funds involved in the exploit,” ZK Nation shared on X.
As it happened, the bad actor heeded, transferring almost $5.7 million to the ZKsync Security Council across three transfers on April 23.
Specifically, they sent two transfers on the ZKsync Era blockchain. The first involved sending $1.83 million worth of Ethereum (ETH) to the ZKsync Security Council’s ZKsync Era address, and the second involved sending $2.47 million worth of ZKsync tokens.
Transfers made through the ZkSync Era blockchain. Source: explorer.zksync.io
In the third transaction, the ZKSync hacker sent 776 ETH worth approximately $1.4 million to the ZkSync Security Council’s Ethereum address.
Transfers made to the ZKsync Security Council’s ZKsync Era address. Source: Etherscan.io
With this, the ZKsync Association committed to publishing a final report revealing more details about the security incident.
Meanwhile, it is worth noting that the hacker followed instructions given by the ZKsync Security Council to the letter. Based on this, the case closes without further action.
It mirrors past incidents, including Ronin Bridge hackers returning $10 million worth of ETH and earning a $500,000 bounty.
Despite the turn of events, however, the ZK token continues to display bearish sentiment, down by nearly 2% in the last 24 hours. As of this writing, ZKsync’s token was trading for $0.06.
Meanwhile, not all hacking incidents honor safe harbor offers. Recently, Bybit launched a bounty program offering up to 10% of recovered funds to ethical hackers and cybersecurity experts.
This incentivized efforts to reclaim $1.4 billion in stolen assets. While some efforts to reclaim lost assets yielded results, the partial recovery was thanks to key industry players stepping in, not the exploiter.
