Ah, dear reader! Gather ’round as we delve into the curious case of Ripple Labs, a name that dances on the tongues of the crypto-enthusiasts like a mischievous sprite. They have, with great pomp and circumstance, filed a trademark application for something they call “Ripple Custody.” One can only wonder if this is a sign of them entering the hallowed halls of the custody industry, or merely a whimsical flight of fancy!
Now, this trademark, like a well-dressed gentleman at a ball, outlines custodial services for the storage and management of digital currencies. It seems our American fintech friend wishes to rub shoulders with the likes of Coinbase and BNY Mellon. How delightful! But let us not forget, the crypto custody market is gaining traction faster than a cat chasing a laser pointer, especially after the approval of Bitcoin ETFs in 2024. 🐱💨
Investors, those ever-anxious souls, are now on a quest for secure storage solutions, hoping to avoid the perils of private key loss and the dreaded security breaches that lurk in the blockchain shadows. Ripple’s custody service, birthed in October 2024, appears to be part of a grander scheme to diversify beyond mere payment solutions. A noble endeavor, indeed!
Could an XRP Wallet Be on the Horizon?
According to the whispers of the trademark filing, Ripple plans to integrate downloadable software that will facilitate the custody of digital currencies, transmission, and storage. Oh, the intrigue! This has led to rampant speculation that Ripple is concocting its very own cryptocurrency wallet, perhaps to cradle XRP and other digital assets while raking in transaction fees. How quaint! 💰
If Ripple does indeed wade into the custody waters, it could unify its ecosystem, offering users a seamless experience that would make existing solutions like Ledger and Exodus look like clunky old carriages. 🚗💨
Speculation on the SEC Case: A Comedy of Errors?
Meanwhile, the ongoing legal tussle between Ripple and the US Securities and Exchange Commission (SEC) remains a hot topic for investors. Speculation about a potential SEC withdrawal from the case has intensified, much like a pot boiling over as Ripple’s appeal-related reply brief deadline approaches. 🍲
Market participant Andrew “AP_Abacus” Parish claims that this long-drawn legal mess is nearing resolution, and XRP could soon be dubbed a commodity. What a twist! 🎭
UPDATE: *two* SEC sources believe @Ripple case is very close to ending. Some expected outcomes:• “expect $XRP to get serious commodity consideration.”• “greatly reduced fine; GREATLY reduced”• “new leadership knows this case and how they handle it is a big deal;…
— Andrew (@AP_Abacus) March 17, 2025
The SEC’s new leadership seems to be aware of the case’s significance, as if they’ve stumbled upon a hidden treasure map. 🗺️ Attorney John E. Deaton, a well-known XRP advocate, shared Parish’s post, adding the “eye emoji.” How very subtle!
According to former FOX Business journalist Eleanor Terrett, Ripple is embroiled in intense negotiations with the US securities regulator, trying to secure a favorable deal regarding the August 2024 district court ruling. The stakes are high, my friends! 🎲
🚨SCOOP: Two well-placed sources tell me that the @SECGov vs. @Ripple case is in the process of wrapping up and could be over soon. My understanding is that the delay in reaching an agreement is due to Ripple’s legal team negotiating more favorable terms regarding the August…
— Eleanor Terrett (@EleanorTerrett) March 12, 2025
This ruling had imposed a $125 million fine on Ripple, along with a permanent injunction preventing institutional sales of XRP. Quite the pickle, wouldn’t you say?
XRP Price Analysis: A Rollercoaster Ride!
As of now, XRP trades at $2.26, down 2.50% in the last 24 hours, according to CoinMarketCap data. The 20-day Exponential Moving Average (EMA) is at $2.34, acting as a formidable resistance level. 🎢
The Relative Strength Index (RSI) is at 46.44, indicating a neutral to slightly bearish momentum. The upper Boll
Read More
- Luna’s Paternity Bombshell Rocks The Bold and Beautiful
- When Will Captain America 4 Get Its Digital & Streaming Release Date?
- AR Rahman to earn a staggering Rs. 8 crores for Ram Charan’s upcoming sports drama RC16!
- The Batman 2’s Andy Serkis Gives Update on the Delayed Sequel
- Every Event Quest In Monster Hunter Wilds
- Lady Gaga Says Michael Polansky Inspired Her Song Blade of Grass
- Cliff Bleszinski shares design docs and concept art for canned Panic Garden game idea
- Constantine 2: Keanu Reeves-Led Sequel Is ‘Closer Than Ever’
- Manikandan’s Kudumbasthan Leaked Online: HD Quality Piracy Threatens Box Office Success!
- STETH/CAD
2025-03-18 18:30