XRP Lawsuit: Ripple Mentions SEC’s Appeal Withdrawal in Q1 Report Despite Agency’s Silence

Monicah W

XRP Lawsuit: Ripple Mentions SEC's Appeal Withdrawal in Q1 Report Despite Agency's Silence

Ripple’s Q1 report has sparked fresh intrigue in the ongoing XRP lawsuit, with the crypto firm explicitly mentioning the SEC’s appeal withdrawal. This claim has drawn particular attention because the SEC has not yet publicly confirmed withdrawing its appeal in the Ripple case.

With the SEC’s formal stance still unclear, Ripple’s report has only added to the uncertainty surrounding the lawsuit’s outcome and XRP’s future. This article studies Ripple’s Q1 report, focusing on the XRP lawsuit and understanding its potential implications on the ongoing case.

SEC Withdrew XRP Lawsuit Appeal, Says Ripple in Q1 Report

As highlighted by XRP lawyer Bill Morgan, Ripple has explicitly stated for the first time that the US Securities and Exchange Commission (SEC) has withdrawn its appeal in the prolonged lawsuit. The report mentioned,

In Q1, the SEC informed Ripple of its intent to withdraw its appeal – a clear victory for both Ripple and the broader crypto industry…the SEC agreed to reduce the proposed penalty from $125M to $50M – and request the court vacate the injunction, pending SEC Commission approval. This outcome reaffirmed what had been clear from day one: the facts and the law were on Ripple’s side.

Significantly, the report predicts XRP’s potential growth driven by increasing institutional interest and a positive Ripple case outcome.

XRP Lawyer Spots Discrepancy in Ripple’s Q1 Report

Highlighting the US SEC’s silence, Bill Morgan questioned Ripple’s claim that the SEC has withdrawn its appeal in the XRP lawsuit. While Ripple reveals the SEC’s move despite the agency’s official confirmation, Morgan underscored the discrepancy in the Q1 report.

Notably, Morgan points out that, to his knowledge, the SEC commissioners haven’t voted on the matter yet. Despite the Court of Appeals granting a joint motion to pause the appeal, the SEC has yet to officially confirm the withdrawal of its appeal. This suggests a potential inconsistency between Ripple’s statement and the actual status of the SEC’s appeal.

The post XRP Lawsuit: Ripple Mentions SEC’s Appeal Withdrawal in Q1 Report Despite Agency’s Silence appeared first on CoinGape.

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WhiteBIT Reveals the First Participants for ICTC 2025: The Ultimate Crypto Trading Cup

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The post WhiteBIT Reveals the First Participants for ICTC 2025: The Ultimate Crypto Trading Cup appeared first on Coinpedia Fintech News

WhiteBIT, Europe’s largest crypto exchange by traffic, has officially announced the initial lineup of participants for the International Crypto Trading Cup 2025 (ICTC)—the world’s first live-streamed global crypto trading tournament.

Taking place on May 9–10, 2025, ICTC will showcase real-time trading, highlighting a wide range of strategies and decision-making styles. Participants will not only battle for the trophy but also offer viewers a rare chance to learn from their every move. ICTC is designed to be a powerful blend of competition, entertainment, and education, engaging both seasoned professionals and aspiring traders alike.

Meet the Global Participants

The championship will feature eight world-class traders competing live on stage in a unique, demonstrative tournament format. Representing Europe, Asia, and the Middle East, each participant brings a distinct trading style, a strong track record, and deep market insight, offering a rare opportunity for the audience to observe and learn from top professionals in real-time.

Seven of the traders were selected based on their established reputations in the trading world, while the eighth earned their seat among some of the industry’s best through their performance in the Qualifying Tournament held from March 27 to April 7. 

Mauro Caimi 

Mauro Caimi is a seasoned crypto investor from Italy with over 8 years of experience in the space. Known for his data-driven strategies and precise cyclical market analysis, Caimi made headlines after accurately forecasting Bitcoin’s 2021 peak. His approach blends long-term vision with algorithmic precision.

Merlijn The Trader

With over five years of experience in crypto and a background in broader financial markets, Merlijn is known for his precise execution and disciplined price action strategies. He scaled his capital from $10K to $100K, secured a $1M funded account, and leads one of the largest private crypto trading communities in the Netherlands. 

Loza Eugene (EXCAVO)

EXCAVO brings over a decade of experience in both traditional and digital assets. A former #1 TradingView author from Ukraine and one of Bitcoin.com’s most popular traders, Eugene has been active since 2016 and specializes in swing and reversal trading based on volume and market profile techniques.

Malik Roth Klindt Jensen (Coinvo)

A cross-market trader with six years of experience, Malik has focused on crypto for the past 2.5 years. Based in UAE, he specializes in short-time setups using custom-built systems rooted in ICT principles and refined through years of live market experience. His recent highlights include a 386% return in a single week and multiple 5–20x gains on high-risk assets

Muslim Abdullayev (Mus_money_) 

A rising powerhouse and Central Asia’s most influential crypto figure, Kazakhstan’s mus_money_ rebounded from a $200,000 loss in 2019, he now ranks among the world’s best in copy trading and WSOT tournaments. In 2025, he holds the title of the region’s top crypto investor and influencer.

Mao Yijing (MEJ50749)

Mao boasts a remarkable 80% transaction win rate and an annual volume of 400 BTC. A Chinese native with over five years in crypto, she has honed a sharp ICT strategy, generating over $2 million in trading profits and earning respect as one of China’s most disciplined traders.

Fokeyev Denys 

Outperforming over 1,000 global competitors across 37 countries, Fokeiev Denys from Ukraine earned his spot by dominating the ICTC Qualifying Tournament. He has over 15 years of experience, with one of his notable achievements being a 500% return on his WBT investment.

The name of the 8th Main stage trader is yet to be announced.

A Vision for Crypto Trading’s Future

ICTC 2025 isn’t just another trading competition—it’s an attempt to create something new. What started as a friendly challenge to trade live has evolved into a groundbreaking concept, combining the excitement of competition with the potential to drive blockchain adoption on a global scale.

Volodymyr Nosov, Founder and President of WhiteBIT Group, shares how this idea took shape:

“The idea for ICTC started as a friendly challenge to compete in crypto trading live. From that spark, our team developed a vision for a global championship that could elevate the industry—one where top world traders will gather on one big stage to showcase their strategies and compete for the title of the world’s best. Our mission is mass blockchain adoption, and with ICTC, we aim to make crypto trading accessible and exciting in a brand-new format.”

Step Into the Arena: Join the Global Trading Battle

The championship also invites traders from around the globe to participate—individually, in squads led by experienced captains, or as squad leaders. ICTC opens its arena to global participation, offering a platform for traders of all levels to test their skills.

How to participate:

  1. Register and pass KYC on WhiteBIT;
  2. Select your participation type (squad leader, squad member, or solo trader);
  3. Confirm the creation of a sub-account on WhiteBIT and link it to your TradingView account;
  4. Trade futures on WhiteBIT via TradingView.

ICTC 2025 aims to set a new benchmark for live crypto events—a fusion of skill, strategy, and showmanship. Get ready to witness the future of crypto trading, live—the stream will be available via link. 

The post WhiteBIT Reveals the First Participants for ICTC 2025: The Ultimate Crypto Trading Cup appeared first on Coinpedia Fintech News
WhiteBIT, Europe’s largest crypto exchange by traffic, has officially announced the initial lineup of participants for the International Crypto Trading Cup 2025 (ICTC)—the world’s first live-streamed global crypto trading tournament. Taking place on May 9–10, 2025, ICTC will showcase real-time trading, highlighting a wide range of strategies and decision-making styles. Participants will not only battle …

Banana Gun Price Rallies 44% After Major Selling, Profit Taking Still Likely

Banana (BANANA) has recently seen a price rally, gaining 44% as it attempts to break out of a descending wedge pattern. While this bullish setup suggests the potential for further gains, investors’ behavior could hinder the altcoin’s progress. 

Despite the price rise, many investors are reluctant to hold, potentially delaying the breakout.

Banana Gun Faces Selling

Over the past two weeks, the supply of Banana on exchanges has risen by 300,000 tokens, worth just under $5 million. This increase in selling pressure amounts to roughly 9% of the entire market cap, which stands at $55 million. The growing supply on exchanges is a direct result of the altcoin failing to sustain its recovery, pushing many investors to sell and lock in profits.

This increased selling activity points to a highly bearish sentiment surrounding Banana. The failure to recover has triggered a wave of profit-taking, further weighing on the price.

BANANA Supply On Exchanges
BANANA Supply On Exchanges. Source: Santiment

The overall macro momentum for Banana has been marked by a significant spike in active deposits over the past 24 hours, the highest since November 2024. This surge indicates that more Banana tokens are being offloaded, reflecting investor sentiment and profit-taking behavior. 

Unlike previous selling periods where investors sought to offset losses, this round of selling appears to be driven by those booking profits. This shift in behavior could signal further selling in the short term, particularly if the price stabilizes or continues to rise. 

BANANA Active Deposits
BANANA Active Deposits. Source: Santiment

BANANA Price Is Looking For A Gap

At the moment, Banana is trading at $15.95 after rising by 44% over the past day, sitting within a descending wedge pattern that typically signals bullish potential. However, despite this setup, the altcoin has struggled to break out in the last 24 hours, leaving its future uncertain.

If the current weak momentum and selling trends persist, Banana will likely test the lower trend line of the pattern. This could push the price down to $10.29, delaying any potential recovery and reinforcing the bearish outlook.

BANANA Price Analysis.
BANANA Price Analysis. Source: TradingView

On the other hand, if broader market conditions improve and investor sentiment shifts, Banana could see a breakout from the wedge pattern. Successfully breaching the $17.57 barrier would signal a reversal and could send the price towards $23.24. Such a move would invalidate the current bearish outlook and mark the beginning of a stronger upward trend for Banana.

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