19 May 2025, 07:12

XRP Destined to Surpass $589? Next and Final SEC Document In Ripple Case Raises Speculation

A recent post by prominent crypto enthusiast JackTheRippler has reignited interest among some members of the XRP community, following a judicial filing in the SEC v. Ripple Labs case. The filing, Document 984, dated May 15, 2025, by United States District Judge Analisa Torres, formally denies a motion from the parties requesting an indicative ruling in what appears to be an attempt to revisit the terms of the previously adjudicated Final Judgment. The next and final SEC document has the number “985” Coincidence? I don’t think so! 589 is real… #XRP pic.twitter.com/GnDfxyMBtq — JackTheRippler © (@RippleXrpie) May 17, 2025 According to the order, the court concluded that the motion was procedurally improper and lacked the necessary burden of proof to vacate the injunction or reduce the civil penalty. JackTheRippler, a well-known figure in the XRP community on X, drew attention to the fact that this order is Document 984, and the next filing in the case will be numbered 985. He posted: “The next and final SEC document has the number ‘985’ Coincidence? I don’t think so! 589 is real…#XRP”. The reference to “589” is a widely recognized speculative theory within parts of the XRP community, suggesting that XRP’s price could one day reach $589. Crypto Enthusiasts like Crypto Bitlord have claimed $589 as the real price target for XRP . The basis for this theory has often been criticized for lacking fundamental support, but it continues to surface during significant developments in the SEC v. Ripple litigation. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Community Responses The comparison appears to rely on numerological associations between the upcoming court document number (985) and the long-standing symbolic figure of 589, which some community members interpret as prophetic rather than literal. The post elicited a range of reactions from the XRP community. One user, Jabby Dodger, responded , “I hate to think that people have actually listened to someone who can’t tell a ‘5’ from a ‘4’ when it comes to their finances.” In defense of JackTheRippler’s comment, user Vanessa Cherry countered : “I hate to think that someone doesn’t read the post that says the ‘NEXT’ and final number,” emphasizing that the tweet did not claim the current document but the subsequent one as relevant. Another user, Patronio, echoed the sentiment of those who see deeper meaning in the document number: “If you posted a negative reply to this you don’t get it. Oh well, too late for you.” This comment reflects a mindset common among certain XRP holders who view the $589 belief as part of a broader, often conspiratorial, narrative about future adoption or a dramatic revaluation. Court Rejects Request for Reconsideration The court filing attached to the tweet is significant in its own right, as Judge Torres rejected a request to have the court reconsider portions of the Final Judgment related to Ripple’s liability and civil penalty. The motion was styled as a request for “settlement approval.” The court determined that it failed to meet the legal standard for relief from a final judgment under Federal Rule of Civil Procedure 60, which demands “exceptional circumstances.” The court emphasized that the parties did not even reference Rule 60 in their motion. In citing precedent from SEC v. Citigroup Global Markets, Inc., the court made clear that such requests must be grounded in specific procedural standards and that attempts to reframe the motion without addressing the necessary legal thresholds were insufficient. Consequently, the motion was denied, and the Clerk of Court was directed to terminate it. Speculation Continues Despite Judicial Clarity XRP supporters and skeptics continue to monitor developments as the case advances toward its procedural end. Whether the next document, numbered 985, holds any significance beyond court administration remains, for now, purely speculative. Despite the clear legal reasoning behind the court’s decision, portions of the XRP community remain fixated on symbolic numerology and the narrative of a $589 valuation . 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 XRP Destined to Surpass $589? Next and Final SEC Document In Ripple Case Raises Speculation appeared first on Times Tabloid .

19 May 2025, 06:16

The Bull Case for Galaxy Digital is AI Data Centers Not Bitcoin Mining, Research Firm Says

When Galaxy Digital (GLXY) CEO Mike Novogratz bought Argos' Helios data center in late 2022 , at the depths of the post-FTX crypto winter, the company thought they were bailing out a desperate bitcoin (BTC) miner on the brink of bankruptcy. This, however, was before ChatGPT had become mainstream. Novogratz and co. had no idea that this data center would be a strategic asset as the growing Artificial Intelligence (AI) industry clamours for more data center space, thanks to the explosive growth of Large Language Models (LLMs). As analysts from Rittenhouse Research outlined in a new note , Galaxy’s lucky find, which instigated the company's move out of BTC mining altogether, might now be crypto’s most lucrative pivot, as they make the case that the infrastructure used to mine digital gold is better used to process AI algorithms, and firms that shift away from BTC mining towards AI infrastructure are set to be the next growth stocks. Analysts from Rittenhouse argue that AI data centers represent a significantly more lucrative business model than BTC mining because they generate stable, long-term cash flows with minimal ongoing capital expenditures, contrasting sharply with the volatility and capital intensity of bitcoin mining. BTC mining revenues inherently decline by approximately 50% every four years due to the scheduled halvinings . Effectively, the play for a miner is being a long-term bull on BTC's price and the ability for semiconductor fabs and designers to develop chips that are perpetually more efficient, and, for an investor, that's a lot of variables. In contrast, AI data centers like Galaxy’s Helios facility earn consistent, high-margin revenue through long-term, triple net leases to hyperscaler tenants (a large-scale cloud computing provider), without needing continuous investment in mining equipment. “Galaxy stumbled upon Helios by virtue of good luck,” Rittenhouse wrote in their note. While competitors such as Riot Platforms and Cipher Mining have publicly tried to "rewrite history," retroactively suggesting their business was always broader than BTC mining, analysts say, “in reality, these miners had zero intentions to do anything besides mine BTC until ChatGPT was launched.” A broader industry shift? Galaxy’s transition reflects a broader trend as BTC miners attempt to pivot toward AI and cloud computing. Yet, analysts underscore Galaxy’s significant advantage, stemming from its superior balance sheet ($1.8 billion of net cash and investments), successful execution record, and credibility established through the CoreWeave lease. While some have raised concerns over CoreWeave's creditworthiness, causing Galaxy's shares to trade at a significant discount, Rittenhouse analysts say these fears are significantly overblown, highlighting CoreWeave's exceptional revenue stability from long-term contracts accounting for 96% of its revenues and its strong institutional backing. The analysts emphasize that CoreWeave's debt is carefully structured through delayed draw term loans, utilized specifically to finance infrastructure directly linked to secured customer agreements, dramatically reducing default risk. Rittenhouse also notes that Galaxy has gone fully in on AI, and now doesn't have any exposure to mining. "Galaxy has completely exited all bitcoin mining activities to focus solely on its AI data center ambitions, which sends a positive signal to potential hyperscaler tenants," analysts wrote. As Rittenhouse writes, Cipher Mining’s CEO Tyler Page recently acknowledged the uphill battle miners face when approaching major AI customers. "It’s not lost on us that if we’re talking to a counterparty with a $1 trillion market cap... One drawback for bitcoin miners is that major counterparties say, ‘wow, that’s a big obligation for you guys to backstop for such an important investment for us,’" Page said on the company's Q1 2025 earnings call. Galaxy doesn't have that problem. With this Helios deal in place and Novogratz's company totally out of mining, Galaxy’s accidental pivot might just turn out to be crypto’s best strategic move in years – if Rittenhouse's thesis is correct.

19 May 2025, 06:00

Nine Reasons Why XRP Is Winning Institutional Trust in 2025

Brett (@Brett_Crypto_X), a prominent crypto pundit on X and Bitrue ambassador, recently revealed why XRP is gaining ground with institutions in 2025. He emphasized that XRP is being chosen not for hype, but because of its practical, technical advantages in payment systems. Ripple News: Why XRP Is Winning Institutional Trust Let’s dive into what makes XRP the go-to choice for institutions in 2025. Spoiler: It’s all about speed, cost, and scalability. 1/ Ultra-low Fees Each XRP transaction costs just $0.00002 — and that fee stays consistent even… — Brett (@Brett_Crypto_X) May 17, 2025 Why Are Institutions Turning Toward XRP One of XRP’s strongest selling points is its predictable fee structure. Transactions cost just $0.00002, even during times of high network demand. Brett noted that even if XRP reached $1,000 in value, the transaction fee would still only be 0.00001 XRP. This fee stability gives institutions the certainty they need when operating at scale. Another advantage is that XRP doesn’t rely on miners or validator incentives. Instead, it uses a consensus mechanism that eliminates variable costs tied to network usage. Without rewards to chase or gas fees to compete, XRP avoids congestion that slows other blockchains down or makes them prohibitively expensive. Unlike other networks that take hours to settle, transactions on the XRP Ledger (XRPL) settle in under three seconds. Due to block production times, there is no need for multiple confirmations or delays. This speed is critical for enterprises where delayed settlement can impact liquidity, compliance, or customer experience. XRP’s deflationary model also appeals to institutions. Each transaction destroys a small amount of XRP, permanently removing it from circulation. This burn mechanism reduces spam and gradually lowers the total supply, contributing to long-term value without relying on artificial scarcity. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Brett also noted that the XRP network can handle 1,500 transactions per second, consistently and without slowdown. While other networks often see performance dips under load, XRP’s throughput remains stable, making it suitable for high-frequency operations in real-world environments. Institutional Benefits That Matter Brett highlighted several features that appeal directly to institutional users: real-time confirmations, no need for pre-funded accounts in cross-border payments, and a flat, low-fee structure. Together, these characteristics position XRP as a serious infrastructure layer for modern payments. “No one wants to pay $30 to send $30,” Brett remarked, pointing out the impracticality of networks with high and variable fees. XRP avoids that problem entirely, and Michael Arrington, founder of TechCrunch, recently showed the asset’s advantages with a $50 million transaction that cost $0.3 and was completed in a few seconds. XRP was not designed for speculation but for efficient, scalable payments. XRP’s design choices are proving well-suited for institutions seeking speed, reliability, and cost-efficiency in their operations, and the growing institutional adoption shows its superiority to other assets. 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 Nine Reasons Why XRP Is Winning Institutional Trust in 2025 appeared first on Times Tabloid .

18 May 2025, 16:50

XRPL Validator States Major Quality of XRP Ledger

In a recent post on X, Vet (@Vet_X0), a validator on the XRP Ledger (XRPL), emphasized the significant progress the network has made in terms of developer accessibility and ecosystem expansion between 2020 and 2025. Vet’s observations provide a clear perspective on how the XRPL has evolved into one of the most approachable blockchain platforms for developers, supported by a growing community and improving infrastructure. The XRP Ledger is the easiest chain to build against. It's very accessible and not intimidating for new devs. With well documented API calls . Huge community difference between 2020 and 2025. More apps. More infra operators. More education. More users. More XRP Ledger. — Vet (@Vet_X0) May 16, 2025 Enhanced Developer Accessibility and Programmability Vet pointed out that the XRPL remains “the easiest chain to build against,” highlighting its reputation for being highly accessible to new developers. This accessibility stems largely from the network’s well-documented API calls. This simplifies the integration process and reduces the learning curve for those new to blockchain development. In early 2025, Ripple’s Chief Technology Officer (CTO), David Schwartz, shared the company’s roadmap for institutional DeFi on the ledger , and programmability was a notable part of this roadmap. The XRPL’s programming environment has undergone continuous upgrades to enhance programmability, enabling developers to create more sophisticated applications with greater ease. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 The improvements in programmability are the result of sustained developer efforts over recent years. These efforts have included expanding the ledger’s capabilities to support smart contracts and decentralized finance (DeFi) applications, while maintaining the network’s core strengths of speed and low transaction costs. EVM Sidechain is a key part of the XRPL’s progress, which recently allowed XRP support on Metamask and holds numerous advantages for the ecosystem. Vet’s remarks reflect the tangible outcomes of these upgrades, as more developers can now confidently and productively engage with the XRPL. Community Excitement for the XRPL’s Progress Many community members are excited about the progress made on the ledger over the past few years. One community member commended the developers, noting that there is significantly more to do on the ledger than in 2020. Vet agreed , recalling how the XRPL initially supported only multiple methods of wallet creation. However, with the network’s numerous features and developer-friendly design, adoption could grow significantly. A central theme in Vet’s post is the noticeable difference in the community between 2020 and 2025. The network has experienced growth across multiple dimensions: more decentralized infrastructure operators, increasing educational resources, a broader user base, and a proliferation of applications built on the ledger. This expansion is significant because it demonstrates that the XRPL attracts developers and fosters a robust ecosystem that supports long-term sustainability. 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 XRPL Validator States Major Quality of XRP Ledger appeared first on Times Tabloid .

18 May 2025, 15:42

Ethereum (ETH) Recovery Is Happening, Major Breakout Imminent

Ethereum (ETH), one of the most influential cryptocurrencies, is once again at the center of market analysis as speculations of a V-shape recovery gain momentum. Prominent crypto analyst Ash Crypto recently posted on X about the ongoing ETH V-shape recovery, drawing parallels with the 2020-21 cycle to forecast the next potential price trajectory. ETH V-SHAPE RECOVERY IS HAPPENING. STUDY 2020-21 CYCLE AND YOU'LL KNOW WHAT HAPPENS NEXT. pic.twitter.com/qEEocK1Nsx — Ash Crypto (@Ashcryptoreal) May 18, 2025 Understanding the V-Shape Recovery A V-shape recovery typically refers to a sharp decline followed by a swift and sustained rebound, forming a ‘V’ pattern on the price chart. This formation indicates a strong and rapid recovery after a significant downturn. In the context of Ethereum, this pattern emerged during the 2020-21 cycle, where ETH experienced a steep decline, marked as point ‘A’, before quickly recovering and surging to new highs at point ‘C’. The rally that followed saw ETH reach unprecedented price levels, establishing the recovery as one of the most iconic in crypto history. According to Ash Crypto, Ethereum’s current price structure resembles the same V-shape pattern that was evident during the 2020-21 period. The chart shared in his post highlights two comparative phases: the 2020-21 cycle on the left and the ongoing cycle on the right. In both instances, ETH experienced a drastic drop to point ‘A’, followed by a rebound towards point ‘B’, and ultimately skyrocketed to point ‘C’. The notable similarity between these cycles is the steep rebound phase, which Ash Crypto points to as evidence that ETH could be on the verge of a similar recovery. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Key Indicators Supporting the Thesis Examining technical indicators from the chart, it becomes evident that the structure of the current cycle mirrors the historical pattern. The rebound from point ‘A’ to point ‘B’ signifies renewed buying interest and accumulation, signaling that the bottom may have been established. Furthermore, the volume profile during these phases indicates heightened trading activity, often a precursor to a sustained bullish move. Market Sentiment and Broader Implications Market sentiment around Ethereum has been increasingly optimistic, bolstered by network upgrades and ongoing adoption. If Ash Crypto’s projection materializes, a strong V-shaped rally could not only restore investor confidence but also set the stage for new all-time highs. The historical correlation between past patterns and current movements lends credibility to the argument that ETH might witness a rapid recovery akin to the previous cycle. The prospect of an ETH V-shape recovery, as analyzed by Ash Crypto, offers a compelling case for bullish sentiment among investors. While past performance is not a guaranteed predictor of future results, the striking similarities between the 2020-21 cycle and the current price structure cannot be overlooked. Investors and analysts alike are closely monitoring Ethereum, awaiting confirmation of this pattern to solidify the recovery narrative. 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 Twitter , Facebook , Telegram , and Google News The post Ethereum (ETH) Recovery Is Happening, Major Breakout Imminent appeared first on Times Tabloid .

18 May 2025, 08:38

DOGE Shows Strong Support at $0.212 as Whale Accumulation Signals Potential Upswing

According to a recent CoinDesk report published on May 18th, data from CoinDesk Research reveals that DOGE has established a crucial support level at $0.212. This higher-than-usual trading volume suggests