News
Legal Expert Jeremy Hogan Says SEC Case Against Ripple Likely To Be Resolved in May – Here’s Why
Published
2 weeks agoon
By
admin
Multiple crypto lawyers have theories regarding the U.S. Securities and Exchange Commission’s (SEC) ongoing case against the payments firm Ripple.
The SEC has dropped several big-name crypto enforcement actions this year, including lawsuits against Coinbase, Kraken, MetaMask and investigations into Robinhood and OpenSea.
Attorney James “MetaLawMan” Murphy theorizes that the SEC’s unexplained delay in dismissing the Ripple case could be because the firm “is negotiating hard to get the SEC to agree to vacate some or all of Judge Torres’ decision.”
The SEC first sued the San Francisco-based payments firm in late 2020 for allegedly selling XRP as an unregistered security. In 2023, District Judge Analisa Torres ruled that Ripple’s automated, open-market sales of XRP did not constitute security offerings, contrary to what the SEC alleged.
The judge did, however, side with the SEC’s claim that Ripple’s sales of XRP directly to institutional buyers were securities offerings.
The crypto legal expert Jeremy Hogan agrees with Murphy’s theory, noting that the delay in dismissing the case is likely due to the injunction in Torres’ ruling.
“The court enjoined Ripple from (basically) making sales directly to customers. There are workarounds for that, but obviously Ripple would rather not have the injunction at all!
So, assuming the SEC is willing to work on this with them, the issue is this: once a court issues an injunction, the parties themselves can’t simply agree between them to disregard the injunction! Trust me, many men have gotten in legal trouble by thinking that since they got back with their girlfriend, they could ignore the restraining order (a type of injunction) against being within 200 feet of her.
So, how do you dissolve an injunction? It’s not simple, which is why I think the case doesn’t resolve until April-May whereas all these other cases have already been dismissed.”
Hogan also explains what he thinks Ripple needs to do to get the injunction dissolved.
“Ripple only has one shot at getting the injunction dissolved with the trial court so it will have to draft a very carefully worded motion. That takes time and the SEC will basically have to sign off on it – more complication.
Once that is agreed to, both parties stip to dismiss their appeals and then Ripple files its motion with the trial court. And then the judge has to rule on the motion which can also take some time.
That’s how I see it playing out and that’s why I think May is the month – although I could see the appeals being dismissed in April, prior to Ripple’s brief due date.”
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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Bitcoin
Dormant whale sends 300 BTC to FalconX as Bitcoin nears $84k CME gap
Published
6 hours agoon
March 17, 2025By
admin
A whale that has been dormant for 1.5 years has deposited 300 BTC to crypto brokerage FalconX alongside 1,050 BTC to two other wallets.
According to data on SpotOnChain, an anonymous whale with $85.7 million in Bitcoin (BTC) holdings just sent 300 BTC through digital asset broker FalconX. At current market prices, the transaction is worth around $25.1 million in BTC.
In addition to FalconX, the whale also sent 1,050 BTC, equal to around $87.2 million, to two fairly new wallets. At press time, the address still holds around $12.55 million worth of Bitcoin, or equal to 150,000 BTC.
The last transaction recorded on-chain from the whale occurred on Aug. 18, 2023 when it received 1,500 BTC from market marker Cumberland at a price of $26,353, worth $39.5 million at the time. This means that the address has been dormant for nearly two years.
According to data from crypto.news, Bitcoin has gone down by 0.44%. BTC is currently trading hands at $83,613. Bitcoin has been on a turbulent path in the past month, going down by more than 14%.

In the past day, Bitcoin reached a peak price of $84,693 before falling further to a $82,061 low and maintaining its value at around $83,000. In fact, BTC’s dive to the $84,000 threshold fills the CME price gap, which sets the stage for another potential price climb.
A CME gap is the disparity between the closing price of Bitcoin on the Chicago Mercantile Exchange or CME and its opening price when trading resumes. It is often used as an indicator for corrections after a sharp drop in the market. The CME gap is often referred as a “magnet” for Bitcoin prices.
Bitcoin’s recent price drop filling the CME gap and the notable BTC whale movements could suggest increased market activity is on the horizon. Traders are already anticipating the next market moves that could very well influence Bitcoin’s price trajectory and overall market sentiment.
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Bitcoin
Bitcoin Flashing Bullish Reversal Signal Amid Waning Sell-Pressure, According to Crypto Strategist
Published
8 hours agoon
March 17, 2025By
admin
A crypto strategist known for accurately calling Bitcoin’s pre-halving correction last year says BTC may abruptly end its correction if a technical setup plays out.
Pseudonymous analyst Rekt Capital tells his 542,500 followers on the social media platform X that Bitcoin’s relative strength index (RSI) indicator is flashing a bullish divergence on the daily chart.
A bullish divergence on the RSI is typically viewed as a reversal signal as it indicates that buying momentum is increasing even if an asset’s price trades lower or sideways.
“Promising early-stage signs of a Bullish Divergence developing
Reclaiming the previous lows of $84,000 could set the price up to further build out this Bull Div.”
The trader says BTC is flashing the bullish reversal signal just as Bitcoin shows signs of seller exhaustion.
“The seller volume has continued to decline over the past few days
It has declined to the point where sellers are now producing below-average volume whenever they try to take control of the market
This has opened up the opportunity for buyers to start stepping in a bit more.”
Rekt also notes that Bitcoin’s resistance at around $84,000 appears to be on the verge of crumbling after being tested multiple times over the last few days.
“The signs for a weakening resistance were there.
Now price needs to confirm that this resistance is sufficiently weak to soon become a support.
Bitcoin is one Daily Close above this level from moving further to the upside.”
At time of writing, Bitcoin is trading for $83,150.
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Blockchain
Solana Hits 400B Transactions, Nearly $1T in 5 Years
Published
12 hours agoon
March 17, 2025By
admin

Solana, the layer-one blockchain platform, celebrated five years since the launch of its mainnet on March 16, 2020.
To celebrate the milestone, the network shared its accomplishments, which include more than 1,300 validators, nearly $1 trillion in trading volume, and over 408 billion total Solana transactions, in a post on its official X account.
https://twitter.com/solana/status/1901279678620749997?s=46&t=nznXkss3debX8JIhNzHmzw
Solana (SOL) was founded in 2017 by Anatoly Yakovenko with the goal of addressing the primary challenge facing blockchain technology. The network aims to strike the right balance between scalability, security, and decentralization.
When combined with proof-of-stake, Yakovenko’s proof-of-history system speeds up transaction processing. Solana has been able to grow while maintaining low costs as a result.
More than 254 million blocks have been generated by Solana since its mainnet went live in March 2020. Since then, the network has grown to be a major force in decentralized finance, with over $7 billion in total value locked in its protocols, according to DeFiLlama data.
Meanwhile, Solana’s stablecoin market has reached $11 billion, down from its peak of over $12.6 billion in February 2025. Similarly, its market cap, which once peaked at $127.5 billion, now stands at $65 billion.
Developer interest in Solana has also significantly increased. It surpassed Ethereum as the most popular blockchain for new developers in 2024. According to Electric Capital’s 2024 developer report, Solana attracted 7,625 new developers in the previous year, accounting for 19.5% of all new entrants in the market.
On Mar. 17, CME Group plans to introduce Solana futures contracts, subject to regulatory clearance. These futures, which are intended to assist investors in protecting themselves from price swings, indicate that Solana is becoming a more widely accepted asset in the cryptocurrency market.
Furthermore, Solana has been included in several exchange-traded funds applications, indicating its increasing mainstream acceptance and room for growth.
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