Xpr

$BTC $XRP $ETH
Centralized exchanges (CEX) like Binance, Bybit, and others do not have direct “artificial intelligence” that would adjust prices individually for each trader. However, there are mechanisms that can create such an effect, especially for retail traders:

🔔 MARKET MOVING NEWS! (20/02/25)

1️⃣ SEC Reverses Course, Dismisses Its Own Crypto Rulemaking Case Appeal ‼️

According to media reports, the U.S. Securities and Exchange Commission (SEC) has voluntarily dismissed its appeal of a ruling that prevented the agency from expanding existing securities laws to cover decentralized finance (DeFi), users and projects. Notably, the latest move came after the new SEC leadership signalled that the agency would take a more collaborative approach to policing the crypto space.

Blockchain Association CEO Kristin Smith claimed the SEC’s voluntary dismissal of its appeal represented a major win for the digital assets industry. She stated,

We first brought our lawsuit against the SEC to challenge the agency’s unlawful power grab, which sought to unilaterally redefine the boundaries of its statutory authority. With new leadership at the agency leading to today’s final dismissal, we’re looking forward to productive conversations between industry and the SEC moving forward.

#SEC
2️⃣ Dave Portnoy Nets Over $250,000 By Creating And Selling ‘Greed’ Memecoin 💰

Barstool Sports founder Dave Portnoy reportedly launched two tokens via Pump.fun yesterday. The first token with the ticker $GREED quickly skyrocketed to a $41.5 million market cap. Shortly after, Portnoy dumped his entire GREED token holdings in one transaction. He then swapped the proceeds into JAILSTOOL.

This caused GREED to drop 99% in just four seconds from a $12.88 million market cap to $123,950. Portnoy then followed up by launching a sequel token with the ticker $GREED2 —which has already tanked 97% from its all-time high. According to analytics firm Lookonchain, Portnoy made nearly $258,000 in profit from his $GREED token sales.

In an X post published Tuesday, Portnoy wrote,

There are lots of people in the meme coin world who try to act like they are the moral authority when all they want to do is dump on you and make easy money. You are all greedy. At least admit it. I won’t screw you but the guy next to you may. This collectible token commemorates that.

4️⃣ SEC Acknowledges Spot XRP And Litecoin ETF Filings From CoinShares 👀
#xpr
The US Securities and Exchange Commission (SEC) has reportedly acknowledged CoinShares’s form 19b-4 filings for its spot XRP and LTC exchange-traded fund submitted by Nasdaq Stock Market LLC. For context, a 19b-4 filing is the second part of a two-step process for proposing a spot crypto ETF. Once the SEC acknowledges the filing, it will be published in the Federal Register. Once published in the Federal Register, the SEC will allow a 21-day comment period on the filing before deciding to approve, deny, or pursue further action, with a final decision expected in up to 240 days.

5️⃣ 86% Of LIBRA Traders Have Realised A Loss Of More Than $1K: Nansen 🕯
According to blockchain research firm Nansen, over 86% of the 15,430 wallets that traded the $LIBRA token at a profit or loss of more than $1,000 have made a combined loss of $251 million. Specifically, the firm noted that around 1,478 wallet holders saw a realized loss of between $1,000 and $10,000 (amounting to a net loss of $4.8 million), over 2,800 crypto wallets lost between $10,000 and $100,000 (amounting to a net loss of $82.4 million), 392 wallets lost between $100,000 and $1 million (amounting to a net loss of $96.5 million) and 23 wallets lost more than $1 million (amounting to a net loss of $40.9 million)

The XRP community is celebrating a huge victory as Ripple secures a key advantage in its ongoing legal battle! The court has officially granted Ripple and CEO Brad Garlinghouse's request to seal crucial documents during the appeal process.

### **Why This Matters**
This decision strengthens Ripple’s legal stance, keeping sensitive information under wraps and preventing potential setbacks. By sealing these documents, Ripple gains a tactical edge, allowing the company to navigate the appeal with a more strategic approach.

### **Turning Point for XRP?**
With the case at a critical stage, this development could mark a major shift in Ripple’s favor. The community is watching closely—will this boost Ripple’s chances of a definitive win? Only time will tell, but the momentum is building!

Stay tuned for the latest updates as the case unfolds! 🚀
$XRP #XPR #Write2Earn

🔔 MARKET MOVING NEWS! (19/02/25)

1️⃣ 'Cardex' Game Exploit Drains Wallets on Ethereum Layer-2 Abstract ❌

According to Abstract network core contributors, over $470,000 worth of ETH has been drained from wallets on the network that interacted with Cardex, a blockchain trading card game on Abstract. Pseudonymous Abstract core contributors Cygaar and 0xBeans explained that the exploit was due to the Cardex private keys falling into the hands of a malicious actor.

The attacker reportedly used this key to drain wallets that had an active “session” with the game. Notably, to trigger an active session within the game, users were prompted to sign a transaction that would give the app full control over the wallet’s funds for a period of time—allegedly a month in this case.

2️⃣ Tether Co-Founder Is Working on Yield-Bearing Stablecoin Rival 💰

According to a Bloomberg report, Tether co-founder Reeve Collins is launching Pi Protocol - a decentralised yield-bearing stablecoin that will compete with the original dollar-pegged token he helped create. The stablecoin will be backed by yield-bearing real-world assets such as bonds. Pi Protocol is expected to launch on the Ethereum and Solana blockchains in the second half of 2025.

Collins stated,

We view Pi Protocol as the evolution of stablecoins. Tether has been extremely successful in showcasing demand for stablecoins. But they keep all the yield. We believe 10 years later the market is really ready to evolve.

3️⃣ SEC Acknowledges Spot XRP ETF Filing From Bitwise ⚡️
$XRP #xpr #SEC
The US Securities and Exchange Commission (SEC) has reportedly acknowledged Bitwise’s form 19b-4 filings for its spot XRP exchange-traded fund submitted by Cboe BZX Exchange. For context, a 19b-4 filing is the second part of a two-step process for proposing a spot crypto ETF. Once the SEC acknowledges the filing, it will be published in the Federal Register. Once published in the Federal Register, the SEC will allow a 21-day comment period on the filing before deciding to approve, deny, or pursue further action, with a final decision expected in up to 240 days.

Source

4️⃣ FTX Announces Next Repayment Round For May ☄️
#FTX
Defunct crypto exchange FTX has announced that its convenience class customers (those claiming up to $50,000) will begin receiving their funds in the next one to three business days.

It also announced that the next repayment distribution will take place on May 30 for holders of allowed claims of “Class 5 Customer Entitlement Claims and Class 6 General Unsecured Claims.” This includes customers who had assets on the platform when it collapsed and other creditors, such as vendors and trading partners. FTX’s next repayment round requires creditors to have verified claims by April 11.

5️⃣ Strategy Announces $2 Billion Convertible Note Offering To Fuel Future Bitcoin Purchases 💸

Business intelligence firm Strategy (formerly MicroStrategy) is reportedly planning to raise another $2 billion through 0% senior convertible notes. The firm stated that it intends to use the proceeds from this offering for general corporate purposes, including the acquisition of BTC.

The notes mature on March 1, 2030, unless repurchased, redeemed, or converted earlier. Strategy will settle conversions in cash, class A common stock, or both. Additionally, the first note purchasers will have the option to buy up to an extra $300 million worth of notes, which can be used within five business days after they’re issued.

6️⃣ Libra Token’s Co-Creator Claimed He Paid Argentinian President Milei’s Sister 🔍

According to a CoinDesk report, Libra co-creator Hayden Davis has previously bragged in text messages that he bought influence over Argentine president Javier Milei. Specifically, Davis claimed he could "control" Milei because of payments he had allegedly been making to Karina Milei, his sister and a powerful figure in Milei's government. CoinDesk claimed that it had obtained the text messages from a source close to the situation who asked not to be identified.