Ripple v SEC Judge Rejects
Ripple and the U.S. Securities and Exchange Commission (SEC) have denied a request to lift a permanent injunction and reduce the penalty by Judge Analisa Torres of the Southern District of New York. “Nothing has changed — neither side is arguing otherwise,” Judge Torres said, recalling the SEC’s previous position that Ripple would continue to violate the law.
Both sides had filed a settlement agreement with the court that would see $50 million of the $75 million penalty paid to the SEC and the rest kept by Ripple. However, Torres emphasized that a permanent injunction issued after a definitive determination that a Congressional act was violated can only be lifted under extraordinary circumstances. “The ball is back in our court. We can either withdraw the objection or continue,” Ripple’s Chief Legal Officer Stuart Alderoty said in a statement after the ruling. The decision that XRP is not a security is still valid.
White House Statements That Customs Duties May Be Delayed
The White House announced that President Trump’s decisions to re-impose high tariffs that were set to expire on July 8-9 were not “critical” and could be extended if necessary. It was stated that Trump may not stick to the deadlines he set due to ongoing trade negotiations with the European Union and other countries.
While framework agreements have only been made with China and the United Kingdom so far, it is stated that an agreement with India is also approaching. New trade agreements are expected to be announced after Trump signs the major tax and spending bill by July 4. The statements were received positively in the markets.
US Senate Focuses on September for Crypto Market Structure Bill
US Senate Banking Committee Chairman Tim Scott announced that they aim to pass the legal regulation on the digital asset market structure by September 30. This goal, which is also supported by Wyoming Senator Cynthia Lummis, reflects Congress’s effort to create a comprehensive framework for digital assets, along with stablecoin regulations.
Lummis had previously stated that he would be very disappointed if the market structure law, which was passed after the GENIUS Act, did not pass. The White House planned to sign these laws by August. The Senate plans to prepare its own version based on existing bills such as the CLARITY Act and vote on it in September. The bill is expected to clarify the authority limits of institutions such as the SEC and CFTC.
The Department of Commerce in the US Granted Blockchain Authority
The US House of Representatives unanimously passed the HB 1664 bill on June 26, authorizing the Department of Commerce as the federal coordinator for distributed ledger technologies (blockchain). The bill calls for the launch of a Blockchain Deployment Program within 180 days and the development of standards through public-private sector collaboration.
The law makes the Secretary of Commerce an advisor to the President in this area, while keeping sector participation voluntary without imposing obligations such as data sharing. The law, which will be valid for seven years, will now be discussed in the Senate with a similar bill. The aim is to consolidate the US’s global leadership in blockchain.
Bakkt Files for Shelf Registration for $1 Billion Bitcoin Move
Crypto software company Bakkt Holdings has filed a shelf registration application with the US SEC for the issuance of up to $1 billion in securities after announcing that it could purchase Bitcoin and other digital assets by updating its investment policy. The company stated that it could use these funds for Bitcoin purchases.
Bakkt is a subsidiary of Intercontinental Exchange, which owns the NYSE, and carries risks regarding its financial sustainability due to its past loss reporting. Despite this, the company, which made this move to provide quick access to capital markets, has not yet made its first crypto purchase. Although share prices have recovered recently, they are down 46% since the beginning of the year. The company argues that the increasing IPO interest in the crypto markets has brought maturity and confidence to the sector.
Bitwise Takes New Step for DOGE and APT ETFs
Bitwise Asset Management has filed updated S-1 documents with the U.S. Securities and Exchange Commission (SEC) for its Dogecoin and Aptos-focused ETFs. Structured as two separate investment funds headquartered in Delaware, the ETFs will provide investors with exposure to DOGE and APT without directly holding the tokens.
The SEC extended the evaluation period for the Bitwise Dogecoin ETF and stated that more market risk analysis was required. Aptos ETF is the first exchange-traded fund in the US to focus on APT.
Trump’s Crypto Project Gets $100 Million in UAE Support
The United Arab Emirates-based Aqua 1 Foundation has invested $100 million in WLFI tokens in the World Liberty Financial (WLF) project backed by former President Donald Trump. This Ethereum-based DeFi platform aims to combine traditional finance with blockchain technology. While the WLFI token is currently only available to accredited investors, the platform’s stablecoin USD1 is traded on major crypto exchanges.
The WLF project was announced by Eric Trump and his close allies, and the Trump family has made millions of dollars in income from the project. The project has come under increased scrutiny due to the use of USD1 in the $2 billion investment made by the Abu Dhabi-based MGX fund in Binance. Senator Richard Blumenthal has launched an official investigation into the project in this context.
Upexi Moves Shares to Solana Network
Nasdaq-listed consumer goods company Upexi will use Superstate’s Opening Bell platform to tokenize its SEC-registered shares on the Solana network. The move is notable as part of the company’s Solana-focused digital asset strategy.
In addition, Upexi added 56,000 SOL to its treasury in the last month, bringing its total Solana holdings to 735,692 SOL (approximately $105 million). This move puts the company among the leading public crypto investors.
USDT Supply Surpasses $80 Billion on TRON, Leading the Way
TRON DAO announced that the amount of USDT in circulation on the TRON blockchain has surpassed $80 billion. This figure shows that more than half of the global USDT supply is traded on TRON. TRON is currently the leader of the stablecoin ecosystem with 8.9 million transactions per day, $21.5 billion in USDT transfers, and more than 1 million active wallets.
It is stated that TRON stands out in digital dollar transfers thanks to its speed, scale, and low transaction costs. Justin Sun attributed TRON’s success to its user-friendly structure and real-world use, while emphasizing that they continue to increase compliance and security with initiatives such as the T3 Financial Crime Unit.
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BITCOIN (BTC)
BTC is trading at $107,517 as of the morning hours, gaining 0.50% in value. BTC, which has not been able to break the 107,827 resistance level for about two days, started the new day below this level. Breaking this resistance level will be important for the rise to continue. Then, the $109,350 level stands out as an important resistance point. If this level is broken, it may be possible for the upward momentum to accelerate and for new peaks to begin. In case of pullbacks, the $105,984 level should be monitored as the first support. Then the $ 103,502 and $ 101,411 levels can be followed as strong support areas.
ETHEREUM(ETH)
ETH is priced at $ 2,447 as of the morning hours with a 1.33% increase in value. After a rapid recovery from $ 2,100 levels, ETH was rejected from the 2,495 resistance. It will be important to break this level for the continuation of the rise. If this level is maintained, the first resistance may be $ 2,589, then $ 2,729 and $ 2,866. In possible pullbacks, the $ 2,384 level can be monitored as short-term support. Below this level, the $ 2,268 levels stand out as strong support areas.
RIPPLE(XRP)
XRP is priced at $ 2.10 with a 0.02% gain as of the morning hours. It shows movement in the support range of 2.1304 – 2.0865 in rapid pullbacks. If the pullbacks continue, 2.0865 will be the critical support, and if this level is broken, it can be expected that 2.0336 and 1.19263 levels will work as support, respectively. In a possible positive trend, the break of 2.1304 will be important. In the continuation of this movement, the next resistance level is $ 2.2122, followed by $ 2.2737 and $ 2.3378 as the next resistance zones.
AVALANCHE(AVAX)
AVAX is trading at $ 17.46 levels with a 1.33% gain as of the morning hours. For AVAX, which is moving just below the 17.61 support level, if it cannot break this level, it can be expected that the 16.44-15.60 region, where buyers are concentrated, will work as support in pullbacks.
For the upward movement to continue, the first resistance level stands out as $ 17.61. If this zone is exceeded, $ 18.69 and $ 19.86 levels can be targeted respectively.
SOLANA(SOL)
SOL is traded at $ 141 levels with a 1.44% gain as of the morning hours. For SOL, which is moving just below the important support level of $ 141.80, if it falls below this level, the $ 135.24 and $ 126.29 levels stand out as critical support areas.
For the upward movement to continue, the $ 141.80 level must be exceeded. Unless this level is broken, it may face profit selling in the short term. The $149.10 level can be followed as upper resistance.
