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2025-03-24 13:38:07

SEC has withdrawn all claims against Ripple. Bitcoin responded with volatility to a stable Fed Funds rate. Trump calls for regulation of stablecoins. A lone miner made $250k in BTC with a home farm

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Ripple beat the SEC, but the price of XRP isn’t going up: Why does the market remain in suspense? 

 

The US Securities and Exchange Commission finalized the legal dispute with Ripple Labs. This became known on March 19, 2025. 

 

The conflict lasted for five years and became one of the most high-profile in the crypto industry. Chronology of events: 

 

  1. December 2020: The SEC sued Ripple, accusing the company of illegally selling XRP worth $1.3 billion. 
  2. July 2023: the court recognized that retail token sales on crypto platforms do not fall under the definition of securities, but transactions with institutional investors violated the law. 
  3. August 2024: Ripple was awarded a $125 million fine, although the Commission demanded $2 billion. 
  4. October 2024: The regulator decided to appeal the 2023 court decision in an attempt to revise the status of XRP retail transactions. 
  5. March 2025: The SEC officially withdraws all claims against Ripple, putting an end to the years-long dispute. 

 

The market greeted the news without optimism. The main reason is the bearish sentiment among investors. Large holders started selling off assets: since March 19, 2025, they have sold 20 million XRP worth about $50 million. Lack of demand and investor doubts are holding back the price, which showed a short-term growth of 15% and then started falling again. As of March 24, 2025, XRP is trading at around $2.4.

Fed kept the rate: Bitcoin showed volatility 

 

The US Federal Reserve kept its key rate at 4.25% to 4.5%, which was in line with market expectations. “Despite the stability of monetary policy, uncertainty in the economy remains high,” said Jerome Powell, the head of the agency. 

 

Bitcoin reacted to the Fed’s decision with sharp fluctuations: first, the rate fell below $84 thousand but then rapidly increased and approached $86 thousand, after which it fell to $83.5. As of March 24, 2025, the value of the first cryptocurrency is $86.9 thousand.  

 

Analysts predict Bitcoin will have a new wave of growth. One of the signals is the increase in the volume of stablecoins, which indicates an influx of “fresh” capital. In 2024, their deficit led to a prolonged correction, but now, the situation has stabilized. If strong triggers appear, the market may quickly take off. However, analysts advise not to rush and wait for the right moment. 

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Trump demands regulation of stablecoins: What awaits the market? 

 

US President Donald Trump called on Congress to support a bill to regulate stablecoins, saying that they will strengthen the dominance of the dollar.  

 

Analysts, having studied the document, noted that the new regulations provide for strict control over tokens: 

 

  1. 100% backing: coins must be backed by liquid assets (e.g., US Treasuries). 
  2. Licensing system: stablecoins that operate without the authorities’ approval may be banned. 
  3. International cooperation: the US plans to investigate “unregulated” foreign crypto projects. 

 

If the law passes, the stablecoin market is in for a massive reshaping. 

The future of Tether (USDT) becomes uncertain, as the transparency of its reserves has repeatedly raised doubts. Possible consequences include USDT’s withdrawal from the US market and the threat of freezing assets if AML standards are not met. 

Doubts about the digital euro are rising in the EU 

 

The European Central Bank (ECB) plans to launch the digital euro in October 2025, but eurozone citizens show little interest in it.  

 

Studies show that the majority prefer traditional payment methods. In a hypothetical €10,000 distribution scenario, citizens would leave most of their funds in cash and bank accounts and are only willing to allocate a small amount to the digital version. 

 

Confidence in the digital euro has also been undermined by a recent glitch in the Target2 payment system, which settles payments between banks in the eurozone. A technological malfunction delayed transactions for a full day, raising fears among MEPs. Four of the eight MEP groups expressed doubts about the ECB’s ability to implement the CBDC effectively. 

 

ECB chief Christine Lagarde said the digital euro project will only be implemented once the necessary regulatory framework is approved. The launch requires the approval of the European Parliament, the EU Council, and the European Commission. 

 

We remind you that Ukraine also plans to implement the digital hryvnia project, which will become the third form of national currency along with cash and non-cash. The NBU is preparing to test the e-hryvnia with the participation of entrepreneurs and digital wallet owners and is also looking for a technological partner to implement the initiative. Several Ukrainian banks have already expressed their willingness to cooperate. 

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Home mining brought 3.15 BTC: A rare case of luck 

 

One of the Bitcoin network participants managed to mine block #887,212 independently, which brought him a reward of 3.15 BTC (≈ $250,000). This was reported by CKPool pool administrator Kon Kolivas. 

 

This was reported by CKPool pool administrator Kon Kolivas. 

Six Bitax devices manufactured by D-Central Technologies were used for mining. Their combined processing power amounted to 3.3 TH/s (terahash per second, a measure of data processing speed). The successful unit was found using one of the Ultra model units, equipped with an Antminer S19XP chip with a processing power of 0.48 TH/s. 

 

As Colivas noted, the probability of successfully finding a block in such conditions is about 1 in 1,000,000. He emphasized that the decisive factor in this case was the total power of the equipment: the more devices connected, the more attempts to pick the right hash, which increases the chances of successfully mining the block. 

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