Crypto
crypto
Sage D. Young

The SEC and Ripple jointly dismiss their appeals, ending long legal battle

The enduring legal dispute between the US Securities and Commissions Office and Ripple Labs has drawn to a close, which lifted the price of XRP on the news, though the token is trending down as of writing.

On Thursday, the SEC and Ripple Labs filed a joint stipulation to dismiss their appeals with the Second Circuit as both parties agreed to bear its own costs and fees. 

The outcome clears regulatory uncertainty that has weighed on the token’s prospects since 2020, when the SEC initially charged Ripple for offering unregistered securities to investors. 

XRP, the third-largest cryptocurrency, is seeing elevated trading volume. Yesterday, the token’s 24-hour trading volume stood at about $4.6 billion, but the figure has jumped to $11.6 billion as of 10:50 a.m. ET, data from CoinGecko shows. Traders on Korean-based exchange Upbit have generated $1.1 billion in 24-hour volume, making up nearly 10% of the total trading activity on the platform. 

SEC and Ripple End Appeals, Closing Landmark Crypto Case as XRP Soars - Decrypt

SEC and Ripple End Appeals, Closing Landmark Crypto Case as XRP Soars - Decrypt

The outcome clears regulatory uncertainty that has weighed on the token’s prospects since 2020, when the SEC initially charged Ripple for offering unregistered securities to investors. 

XRP, the third-largest cryptocurrency, is seeing elevated trading volume. Yesterday, the token’s 24-hour trading volume stood at about $4.6 billion, but the figure has jumped to $11.6 billion as of 10:50 a.m. ET, data from CoinGecko shows. Traders on Korean-based exchange Upbit have generated $1.1 billion in 24-hour volume, making up nearly 10% of the total trading activity on the platform. 

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crypto
Sage D. Young

Ethereum climbs to highest point since end of January

Ethereum has rallied 8% in the last 24 hours to trade just under the $2,390 level, liquidating over $151.7 million worth of ethereum short positions in the period. 

The last time ethereum was at its current level was the last day of January, data from CoinGecko shows.

According to Jim Hwang, COO of investment company Firinne Capital, ETH has been acting as a risk asset: declining in times of heightened uncertainties such as the conflict in Iran, inflation expectations, and diminished rate cut hopes.

“Only in the last 24+ hours when these uncertainties have diminished are we seeing prices lift again. We can feel a bit of optimism but to the extent that this cease fire remains tentative, we should probably view the current ETH price gains with caution,” Hwang told Sherwood News. 

A GlassNode senior analyst, who maintains the pseudonymous X account CryptoVizArt, said on X that ethereum has “reclaimed the one-to-three month holder cost basis at around $2,300. So far, this structure is consistent with a bear market relief rally, comparable to the bounces observed in Q3-Q4 2022, rather than a structural trend reversal.” 

Tom Lee, chairman of ethereum treasury firm BitMine Immersion Technologies, said ethereum’s performance since the start of the Iran conflict demonstrates how the cryptocurrency is a “wartime store of value,” per the firm’s press release on Monday, in which it announced acquired 71,524 additional tokens worth $170.5 million. That brings its total stockpile to nearly 4.9 million tokens, or 4% of the total supply of ethereum. 

That said, the founder of venture capital firm Kenetic, Jehan Chu, told Sherwood, “It’s clear that regaining ATH [all-time high] will take real-world revenue-generation, and not just a Tom Lee narrative.” 

Yaël Bizouati-Kennedy
8h
Bitcoin flirts with key $75,000 level on hopes of an Iran deal

Several analysts argue that for bitcoin to have truly turned a corner and break from the tight range it’s been stuck in, a sustained rally above the $75,000 level is needed.

bitcoins on the eyes
Sage D. Young
4/10/26
Trump-backed World Liberty says "we are nowhere near liquidation" as token slips to all-time low

The team borrowed stablecoins by leveraging $5 billion worth of WLFI as collateral, igniting skepticism among those in crypto whether World Liberty would repay its debt.

Businessmen
Yaël Bizouati-Kennedy
DAT MAKES NO SENSE
4/10/26
TD Cowen initiates coverage of flailing Nakamoto with “buy” rating while cutting Strategy’s price target

Nakamoto has failed to rise above $1 a share since it received a delisting warning notice from Nasdaq in December.

SATOSHI NAKOMOTO
Yaël Bizouati-Kennedy
Fund factor
4/9/26
Bitcoin maintains $71,000 range as new bitcoin ETFs hit market

One of the new funds is designed to capture bitcoin’s profits overnight, a time when bitcoin often sees a significant upside compared to when the US market is open.

bitcoin?

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