22 May 2025, 08:12

Ripple (XRP) vs SEC: Expert Details What Could Force Judge Torres Reverse Verdict

In a recent development surrounding the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC), legal commentator Ashley Prosper has outlined specific circumstances under which Judge Analisa Torres may choose to withdraw her previous decision in the case. Judge Torres recently declined a joint request from both Ripple and the SEC seeking an “indicative ruling” that would permit settlement discussions to proceed based on revised terms. The proposal aimed to replace the previously ordered $125 million penalty and permanent injunction against Ripple with a significantly reduced $50 million fine and no injunction. Her rejection of the motion was not based on the content of the agreement but rather on procedural deficiencies in the request submitted to the court. While the parties are anticipated to file a corrected version of the motion shortly, Prosper has suggested that certain high-level interventions or disclosures could alter the trajectory of the case, potentially leading Judge Torres to vacate her prior judgment. Circumstances That Could Justify a Reversal According to Prosper, one possibility is the submission of confidential evidence showing that XRP holds strategic relevance to the federal government. This may include classified documentation from agencies such as the U.S. Treasury or the Department of Justice (DOJ). #XRP #XRPCommunity What Could Force Judge Torres to Vacate her Judgment? A. Classified or Confidential Federal Interest If either the SEC or Ripple presents sealed evidence (e.g., ex parte communications from the U.S. Treasury, Fed, or DOJ), Judge Torres would be required to… — Ashley PROSPER (@AshleyPROSPER1) May 21, 2025 For instance, internal memos indicating XRP’s potential role in a proposed national digital currency infrastructure, or security assessments warning that the continuation of the lawsuit could negatively affect financial or diplomatic stability, could compel the court to reconsider. Such materials would likely be presented under seal due to their sensitive nature. Prosper noted that courts sometimes adjust or vacate rulings when matters of national interest are credibly demonstrated, particularly if high-ranking government agencies are involved. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Executive Branch Involvement Could Influence Outcome Another pathway to reconsideration, Prosper added, would be direct involvement from the federal executive branch. If entities like the Treasury Department or the Federal Reserve were to submit an amicus curiae brief urging the court to reconsider its position, this could introduce significant legal weight. These agencies might argue that XRP plays a critical role in the national or international financial system. Prosper further explained that the court could apply the principle of Chevron deference, which allows judicial bodies to give weight to federal agencies’ interpretations of ambiguous legislative provisions, especially in matters falling within their expertise. Although infrequent, similar interventions have led to judicial reversals in past financial and regulatory cases. Implications and Community Response If either classified documentation or federal agency participation redefines XRP as essential to government financial strategy, Judge Torres could vacate her original ruling. Such a decision could mark a shift in how XRP is legally classified and utilized, potentially positioning it as a key tool in national financial infrastructure rather than a conventional crypto asset. Nevertheless, some voices within the cryptocurrency community have expressed skepticism, arguing that the scenarios proposed are largely speculative and improbable. Despite this, Prosper maintains that these legal avenues remain viable, depending on the direction taken by both Ripple and the U.S. government in the coming months. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Ripple (XRP) vs SEC: Expert Details What Could Force Judge Torres Reverse Verdict appeared first on Times Tabloid .

22 May 2025, 07:59

Uphold Head Of Research Says XRP Is Ready For Breakout: 3 Key Reasons June Could Be Big

The post Uphold Head Of Research Says XRP Is Ready For Breakout: 3 Key Reasons June Could Be Big appeared first on Coinpedia Fintech News As Bitcoin (BTC) continues to break its ATH price, now the attention is shifting towards the altcoin, and that too on Ripple’s XRP, mainly. With XRP currently trading around $2.39, there are signs that something big could be coming. According to Dr. Martin Hiesboeck, Head of Research at Uphold , if things go well, June might be a turning point for the token. XRP ETF Approval Around the Corner One of the biggest things fueling this optimism is the possibility of a spot XRP ETF finally getting approved. The U.S. SEC is expected to decide on Franklin Templeton’s application by June 17. If it gets a green light, this would be a huge step forward, bringing XRP closer to mainstream finance and making it easier for big investors to jump in. Of course, not every ETF leads to a price boom, as seen with Ethereum last year. But given XRP’s unique legal journey and strong community backing, many believe this one could be different. Fed Meeting Could Unlock Crypto Flows Another key moment is coming with the U.S. Federal Reserve’s next meeting. If they decide to cut interest rates, investors may start looking for better returns in places like crypto. That could bring more attention and money into altcoins like XRP. Meanwhile, lower rates mean cheaper money, and that usually drives up interest in altcoins like XRP. Ripple’s Big Developer Event in Singapore On top of all that, Ripple’s developer event , XRPL APEX, is set for June 10–12 in Singapore. These events often include major announcements, updates, or new partnerships. If Ripple reveals something big, it could boost confidence in XRP even more. June Might Be a Turning Point Dr. Hiesboeck isn’t the only one who thinks something big might be coming. Many analysts are watching XRP closely, and some believe June could be the month when it finally breaks out of its long-term range.

22 May 2025, 07:11

Sky Protocol launches SKY token as new governance standard, urges MKR holders to upgrade promptly

An important shift is taking place in the decentralized finance space. Sky Protocol, which used to be known as MakerDAO , is rebranding and moving forward with a new token that will act as the “exclusive governance asset” for its ecosystem. Meanwhile, the MKR token has been “retired from all governance responsibilities” and is on a trajectory to a skyward future. The current holders of MKR tokens are being urged to upgrade their holdings to SKY, lest that influence and benefits the holders get from the ecosystem be lost as the MKR fades into obsolescence. This alteration embodies a decisive movement in the arrangement and appearance of the future decentralized governance, staking, and performance-based incentives envisaged by the Sky Protocol team. This remaking of Sky Protocol, according to the team, is not simply a rebranding effort. It represents a complete makeover—a total transformation from a governance model based largely in Web2 to one designed for Web3. If this next-generation governance system works, it should allow for totally decentralized decision-making by a community of nearly 6,000 Sky Protocol token holders. From MakerDAO to Sky Protocol: A New Era of DeFi Governance Sky Protocol signals the evolution of MakerDAO—not only one of the earliest but also one of the most influential DeFi projects—into an even more expansive and forward-thinking protocol. With the introduction of the SKY token, governing MakerDAO becomes even simpler and fairer. The SKY token offers even greater accessibility and flexibility to users, and it incentives long-term performance of the protocol by linking much of its governance directly to the performance of SKY. The governance model we are introducing empowers holders of the SKY governance token with an array of rights, including the right to vote on protocol changes (as well as the ability to direct this voting power to trusted representatives, if desired) and the right to significantly influence the development direction of Sky Protocol. Sky Protocol Introduces SKY as Exclusive Governance Token — MKR Holders Urged to Upgrade! @SkyEcosystem (prev. Maker DAO) has officially transitioned $MKR to $SKY , which is now the sole governance token powering the protocol’s future. Holders of $MKR must upgrade to $SKY to… pic.twitter.com/DiRXTjUIWv — Crypto Miners (@CryptoMiners_Co) May 21, 2025 We hope that also makes our governance mechanism more robust and responsive—in other words, capable of being both well-run and well-scaled. Sky Protocol has stressed that all holders of MKR must upgrade their tokens in order to still take part in governance decisions and receive protocol rewards. The upgrade rate has been set at 1 MKR = 24,000 SKY, a rate that highlights the protocol’s desire to grow its community and governance participation. Time-Sensitive Transition: Penalties Begin in September 2025 To promote fast engagement in the upgrade process, Sky Protocol has put forward a penalty mechanism that operates on a time basis. Beginning on September 18, 2025, holders of MKR who have not yet completed the transition to SKY will suffer a devaluation in their conversion rates; in other words, the MKR holdouts will get precisely 0.78 SKY tokens for every MKR they do manage to convert, instead of the 1.0 SKY tokens the protocol would otherwise issue. Although this is the first time we have seen a penalty mechanism employed in this context, and it almost seems like a more sophisticated version of the nudges used to promote health behaviors or save money for retirement, in Sky’s case, it’s all about getting its community up to speed on a new and better version of its decentralized operating system. Individuals who finish the update prior to the deadline of September 18 will obtain the entire 24,000 SKY for each MKR token and will enjoy unhindered governance and staking benefits. On the other hand, users who upgrade after the deadline may have less governance power and diminished opportunities to earn rewards, reinforcing the importance of upgrading sooner rather than later. Unlocking New Features with the Sky Staking Engine A feature that stands out with the launch of the SKY token is the Sky Staking Engine, a new rewards system that allows for returns earned on SKY that are based on how well the protocol performs. When users stake SKY, they are doing more than just supporting the network’s security and decentralization; they are now co-investing (with the protocol) in the protocol’s success. And the rewards scale with how well the protocol performs. Sky Protocol’s mission is to align community incentives with long-term growth. The staking engine is a component of that. It is said to be a core component, but not the only one, obviously. The way I look at it, there are two main parts to what the engine does. The first part has to do with rewards. Our reward models are very unlike the static reward models that are common in the blockchain space. Those models often tend to be somewhat inflationary, and they don’t really give you any signals. When you stake in Sky Protocol, what you’re effectively doing is issuing a performance-based model in which your returns are much more influenced by the productivity of the protocol and the overall economic health of the ecosystem. This aligns very well with the broader philosophy of Sky Protocol: to empower not just with voting rights, but with a stake in the very outcomes of the protocol, token holders. This is, in fact, an articulation of the shift from governance that is by the few to governance that is by the many—economically incentivizing more community members to engage in and with the governance of the network. Conclusion The initiation of the SKY token and MakerDAO’s complete shift to the Sky Protocol symbolizes a crucial moment for one of the DeFi sector’s cornerstone ecosystems. With a clear roadmap, enhanced governance tools, and the innovative Sky Staking Engine, the protocol now stands ready to facilitate a new era of decentralized coordination and rewards. For holders of MKR right now, the message couldn’t be clearer: upgrade to SKY immediately in order to keep influencing the future of Sky Protocol, or else face what could be some hefty penalties come September 18. For some acts of congress, as DeFi acts go, this one’s pretty important. The Shapeshift Foundation, which oversees Sky Protocol, has made it known that if you want to engage with this newly DeFi’d ecosystem, you might want to upgrade. And it could be pretty essential to do so. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !

22 May 2025, 07:01

Lista Lending hits $780M in 40 days as clisBNB Minting Unlocks New Arbitrage Strategy

Lista Lending, which operates in the DAO ecosystem, has achieved meteoric growth since its launch in April. In fewer than 40 days, it has vaulted from nonexistent to an impressive $780 million in total value locked (TVL), ranking as the second-largest lending protocol on the BNB Smart Chain (BSC) and the third-largest DeFi protocol by TVL across the entire ecosystem. Lista @lista_dao 的借贷市场 Lista Lending 从 4 月份推出以来，40 天时间借贷 TVL 从 0 增长到现在的 7.8 亿美元。一跃成为 BSC 上第二大借贷市场以及 TVL 第三的协议。 Lista Lending 今天进行了一项非常有意思的更新：支持使用 slisBNB 抵押品自动铸造… https://t.co/OM9AcHRsx4 pic.twitter.com/ClVwYuBBwF — 余烬 (@EmberCN) May 21, 2025 With the wind at its back, Lista rolled out a potent new feature that’s already the talk of the DeFi community. The platform now allows for the automatic minting of clisBNB using slisBNB collateral. This possibility makes for a capital-efficient system and opens up a new strategy that combines staking, borrowing, and new token farming—all under one roof. And that’s just one of the things Lista is up to. slisBNB and clisBNB combine for capital efficiency To comprehend the most recent innovation, it is necessary to comprehend how slisBNB and clisBNB function within the Lista protocol. slisBNB stands for staked BNB on Lista, which over time generates yield. clisBNB is a version of BNB that is collateralized within the protocol that can participate in new coin offerings via Binance’s Web3 keyless wallet. The update has allowed users to not just deposit BNB to receive slisBNB but also use the slisBNB as collateral. When the users do this, they automatically mint clisBNB. This is happening at the same time that users are borrowing BNB, and they are doing it at an interest rate of just 0.03%, which is very low. The borrowed BNB is then put back into the system to create even more slisBNB, so the processes creates not just one but two mints of clisBNB. This system allows users to earn staking rewards, borrow at very low costs, and achieve many layers of new token exposure—all at the same time. It greatly improves capital efficiency. And it offers users many routes to generate yield from a single BNB deposit. Arbitrage farming strategy emerges through circular minting In addition to lending and staking, a new feature enables a more complex and potentially lucrative arbitrage farming strategy. Users can create a repeatable loop that maximizes their exposure to token launches on Binance Launchpool. They do this by staking BNB for slisBNB, using it to mint clisBNB, and borrowing BNB at what is essentially no cost. This is graphically illustrated in the following diagram. Users can restake the staked-BNB they have staked in slisBNB for sourcing their re-derived lending. This means that the user may take an additional BNB position by way of a slisBNB position (which is just an improved BNB position, honestly) and then mint clisBNB out of slisBNB. Upon re-evaluating the process, we can see that it induces BNB inflation through a two-pronged process that both re-involves the presently minting user into newly generated BNB inflation via the clisBNB mechanism and sets him up to earn during potentially all BNB inflation periods through the Mint/Phase State Access Rule. This strategy can yield as much as 17% in annual percentage returns if it is executed efficiently and if the user times it around high-yielding listings. The minting and lending work together, circularly, to allow users to really recycle capital and stack opportunities. All this happens while benefiting from Lista’s low borrowing fees and the seamless integration into the user’s wallet. BNB holders gain a new method to amplify returns BNB holders have had some uncomplicated choices: they could hold their tokens for long-term gains, stake them for periodic interest, or use them to participate in Web3 at Binance with a new setup that has a whole lot more nuance to it. Now, you can do all that and use your BNB to help power an experimental lending platform with real returns. Users gain staking rewards as they convert BNB into slisBNB, opening up new avenues for using their assets. Always remember that using your assets in a financially sound way is the key to getting returns—whether that’s through minting new tokens, taking collateralized loans (at very low rates), or even just using them as BNB in the ecosystem. And minting under the right conditions is crucial—that is, for tokens that are supposed to have value. This innovative approach helps to not only augment the overall usefulness of BNB but also keep users tethered to the larger Binance ecosystem—where they can access a suite of decentralized tools designed to enhance on-chain efficiency. In an era when the crypto community is clamoring for more effective capital solutions, this could very well appeal to both retail and institutional DeFi users. Conclusion Lista Lending has surfaced as a significant presence in the BSC DeFi space and a clear player in capital efficiency and yield generation. In remarkably short order, this protocol has rolled out features that place it at the front of the pack in terms of providing a comprehensive arbitrage farming strategy. Users can now mint clisBNB with slisBNB used as collateral. You can think of slisBNB as being somewhere in the middle between using BNB and a loan for getting a yield on staking. With the way slisBNB works, you have to serve two masters: the Staking Gods and the Borrowing Gods. If you can pull that off, then clisBNB is there for you. Here’s what we mean. BNB holders wanting to do more than just basic staking now have a compelling alternative in Lista—one that transforms assets that were simply sitting around into actually productive capital. That’s a major step forward in DeFi, and it makes sense: If you’re using a protocol of sorts, why not have it offer something of value you can actually put to work? Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !

22 May 2025, 06:03

Robinhood Is also Acquiring Bitstamp Which Builds Perp DEX On XRP Ledger

Robinhood has submitted a proposal to the U.S. Securities and Exchange Commission (SEC) for a regulatory framework to govern tokenized real-world assets (RWAs). Cointelegraph shared the exciting news on X. This initiative aims to facilitate the integration of traditional financial instruments, such as stocks and bonds, onto blockchain platforms, potentially unlocking a market valued at approximately $30 trillion. Following this announcement, Sistine Research drew attention to Robinhood’s acquisition of Bitstamp , which is building a perpetual Decentralized Exchange (perp DEX) on the XRP Ledger (XRPL), exciting the XRP army as the digital asset and its network are prime candidates for RWA tokenization. Robinhood is also acquiring Bitstamp which is building a perp dex on XRP Ledger. https://t.co/Q0rYwm6c7R — Sistine Research (@sistineresearch) May 20, 2025 Robinhood’s Major Moves in the Crypto Space Last year, Robinhood acquired Bitstamp for approximately $200 million, and the company recently commended Ripple’s success in tokenization on the XRPL . Its acquisition of Bitstamp is more noteworthy as the perp DEX on the XRPL could start a broader range of tokenization services on the ledger. Bitstamp holds over 50 active licenses and registrations worldwide, providing Robinhood with an immediate expansion into global markets. In early 2024, Robinhood CEO Vlad Tenev emphasized that the absence of clear regulations in the U.S. hampers innovation and could result in the country lagging behind other global financial markets in adopting tokenized securities. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 This proposal aims to fix that problem, offering a framework for regulating RWAs. A regulated environment for these products would ensure investor protection while facilitating broader market participation. This is a critical step toward bridging traditional finance with emerging blockchain infrastructure. Tokenization on the XRP Ledger Tokenization involves creating digital representations of RWAs on a blockchain, enabling improved liquidity, faster settlement times, and fractional ownership. Robinhood’s initiative formalizes how blockchain technology can serve established financial systems. Tokenization has numerous benefits for XRP and the broader ecosystem. By enabling the representation of RWAs on-chain, tokenization can increase utility and demand for XRP as a bridge currency in transactions. It enhances liquidity, reduces settlement times, and lowers costs. Dubai Land Department recently launched tokenized land deeds on XRPL . With Robinhood leading the charge for regulated RWA tokenization, XRP will get the chance to fulfill its goal of dominating the tokenization market and integrating into traditional financial circles. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Robinhood Is also Acquiring Bitstamp Which Builds Perp DEX On XRP Ledger appeared first on Times Tabloid .

21 May 2025, 23:27

Lawmakers, Activists Rally to Protest Trump’s Meme Coin Event – Is Crypto Becoming a Political Flashpoint?

Key Takeaways: Democratic lawmakers and progressive groups are staging a rally in protest of a Trump-hosted dinner for top holders of his $TRUMP meme coin. Critics argue the event commodifies political access, allowing wealthy donors, some based overseas, to buy proximity to a U.S. president. The rally, branded “America Is Not for Sale,” will feature speeches from key Democratic figures and visual protests targeting crypto-related political fundraising. A coalition of Democratic lawmakers and activists is set to rally on May 22 in protest of President Donald Trump’s controversial meme coin dinner, raising concerns over political influence and crypto-fueled favoritism. The event, organized under the banner “America Is Not for Sale,” is a direct response to what critics say is the monetization of political access through Trump’s latest crypto initiative. Trump Slammed for ‘Selling Access’ via meme coin The event, held at Trump National Golf Club in Potomac Falls, Virginia, follows Trump’s announcement that the top 220 holders of his meme coin, $TRUMP, could apply for an exclusive dinner with him. The top 25 are said to qualify for a “VIP White House tour.” Blockchain data shows the token has raised nearly $150 million, with some attendees reportedly spending millions for the chance to meet Trump. Source: Public Citizen Opponents of the event, including members of Congress, say it crosses ethical lines. They claim the president is turning influence into a transaction. “Americans cannot and will not accept President Trump’s view that positions of power exist only to benefit the holder of that power,” said Ryan Ruzic, chair of the Loudoun County Democratic Committee. Public Citizen is organizing the rally with progressive group Our Revolution. Protesters are expected to display banners reading “STOP CRYPTO CORRUPTION” and enlarged graphics of the $TRUMP coin. Oregon Senator Jeff Merkley is scheduled to speak at the rally, alongside several other Democratic figures. According to Our Revolution, some of the coin’s largest holders are based overseas, sparking additional concerns about foreign influence. Crypto industry figures, including Tron founder Justin Sun , Hyperithm co-CEO Oh Sangrok, Kronos Research CIO Vincent Liu, and Synthetix founder Kain Warwick, are among the known tokenholders expected to attend the dinner. According to the project , all attendees must pass background checks and cannot be from countries flagged by Know Your Customer (KYC) compliance lists. Public Citizen Co-President Robert Weissman echoed those concerns. “Trump’s solicitation schemes for money, gifts, and power are out of control,” he said. “Between his outrageous meme coin grift, his Tesla car show on the White House lawn, and his consideration to accept a gifted jumbo jet from Qatar, Trump’s priority goes to the highest bidder.” Trump Family’s Crypto Links Raise Ethics Concerns, Stall Stablecoin Legislation The dinner has also had political consequences in Washington. For example, some Democratic lawmakers have withdrawn support for crypto-related bills in protest , including the GENIUS Act, a measure focused on regulating payment stablecoins. Though the act passed a key Senate vote on May 19 , several senators voiced concern over Trump’s ties to World Liberty Financial, a crypto platform that launched its own stablecoin, USD1, in March. Critics worry the Trump family’s involvement with the company could present serious conflicts of interest. “Many senators, myself included, have very real concerns about the Trump family’s use of crypto technologies to evade oversight, hide shady financial dealings, and personally profit at the expense of everyday Americans,” said Sen. Mark Warner in a statement before the vote. Senator Chris Murphy, who opposed advancing the GENIUS Act , called for bipartisan efforts to add provisions that would bar a U.S. president from issuing stablecoins. The Senate has a chance – right now – to shut down Trump's biggest crypto coin corruption. The pending bill in the Senate regulates a kind of crypto called "stablecoin", but exempts the President from the ethics rules. We shouldn't pass that bill unless that loophole is closed. pic.twitter.com/eHLeCdBV9m — Chris Murphy (@ChrisMurphyCT) May 21, 2025 He also urged the White House to release a full list of dinner attendees, warning that many may be expecting favors in return for their token purchases. Murphy will join Senator Elizabeth Warren and representatives of Public Citizen at a press event on the evening of the dinner. California Representative Maxine Waters, ranking member of the House Financial Services Committee, is planning a separate press conference on May 22. She is expected to introduce legislation to block Trump’s meme coin and curb what she calls “crypto corruption.” Meanwhile, additional protests are being organized by local Democratic groups, including the Arlington and Loudoun County Democratic Committees. “We have a moral responsibility to speak out against corruption, whatever the result may be,” said Ryan Ruzic, chair of the Loudoun County Democrats. The post Lawmakers, Activists Rally to Protest Trump’s Meme Coin Event – Is Crypto Becoming a Political Flashpoint? appeared first on Cryptonews .