According to @FoxNews, NBA legend Shaquille O’Neal has agreed to a $1.8 million settlement to resolve a class-action lawsuit from investors of the collapsed cryptocurrency exchange FTX. The lawsuit alleged that O’Neal misled investors through his promotional advertisements for the platform. This settlement, which is more than double the reported $750,000 he was paid for the commercial, would release him from future claims without any admission of wrongdoing if approved. For traders, this event underscores the continuing legal and reputational risks associated with celebrity endorsements in the crypto space, highlighting the importance of due diligence beyond high-profile promotions.

According to @FoxNews, Ripple is ending its long-standing legal battle with the U.S. Securities and Exchange Commission (SEC) by dropping its cross-appeal. The announcement was made by Ripple CEO Brad Garlinghouse and follows U.S. District Judge Analisa Torres's rejection of a joint request for a revised settlement for the second time. The proposed settlement would have lowered Ripple's civil penalty to $50 million and removed a permanent injunction against the firm. Judge Torres denied the request, stating the court previously found a 'reasonable probability' that Ripple would continue violating federal securities laws. By withdrawing the appeal, Ripple accepts the original $125 million penalty and the permanent injunction remains in place. Following the news, the price of XRP saw a modest 1.4% increase, with the XRPUSD pair trading around $2.1910.

According to @iampaulgrewal, New York District Judge Analisa Torres has rejected a joint settlement request from Ripple Labs and the U.S. Securities and Exchange Commission (SEC). The source indicates the primary reason for the rejection is the proposal to remove a permanent injunction against Ripple, with the judge finding a 'reasonable probability' that Ripple would continue violating federal securities laws. This marks the second time Judge Torres has denied such a request, even though the SEC has adopted a more crypto-friendly stance under new leadership. The proposed settlement would have reduced Ripple's civil penalty to $50 million from the original $125 million. Despite the legal setback, the price of XRP has reacted positively, with the XRPUSD pair climbing 4.63% to $2.2930, according to the provided market data.

According to the source, a New York judge has rejected a joint request from the U.S. Securities and Exchange Commission (SEC) and Ripple Labs to approve a settlement that would have reduced Ripple’s penalty and dissolved a permanent injunction. The source reports that District Judge Analisa Torres of the Southern District of New York highlighted the risk of future violations as the reason for the denial. The judge stated that when the court initially imposed the injunction, it found a 'reasonable probability' that Ripple would continue violating federal securities laws, and this has not changed. This ruling prolongs the legal uncertainty for Ripple (XRP), as the judge asserted the parties did not show 'exceptional circumstances' to warrant modifying the judgment. The source also notes broader industry commentary on crypto's founding cypherpunk values being diluted as firms like Ripple and Coinbase increase their political lobbying and engagement. Based on provided market data, XRPUSDT is trading around $2.1890.

According to Paul Grewal, New York District Judge Analisa Torres has rejected a joint request from Ripple Labs and the U.S. Securities and Exchange Commission (SEC) to approve a modified settlement. The proposal aimed to reduce Ripple's civil penalty to $50 million and, crucially, dissolve a permanent injunction against the company. In her ruling, Judge Torres stated the primary issue was the removal of the injunction, as the court previously found a 'reasonable probability' that Ripple would continue violating federal securities laws, and she sees no change in this situation. She argued that the parties failed to demonstrate the 'exceptional circumstances' necessary to alter the court's final judgment. This legal setback introduces continued uncertainty for Ripple's XRP token, which is currently trading around $2.18. For market context, Solana (SOL) is trading near $150.75. The judge suggested two paths forward for the parties: withdraw their ongoing appeals or proceed with an appeal, both of which would uphold the court's original findings.

According to Justin Sun, the financial team must quickly provide financial records as his company plans to file a civil lawsuit in Hong Kong High Court to demand public disclosure of these records, which are crucial for protecting their legal interests.

According to Eleanor Terrett, Bitnomial, a crypto derivatives exchange, plans to drop its lawsuit against the SEC. This decision comes after the SEC agreed to drop its appeal against Ripple, indicating a potential shift in the regulatory landscape affecting crypto trading platforms.

According to Gordon (@AltcoinGordon), the SEC has dropped its lawsuit against Ripple, marking an extremely bullish catalyst for XRP. This development could significantly impact XRP's trading dynamics and investor sentiment.

According to Crypto Rover, Kraken has announced that the SEC has agreed to drop its lawsuit against the crypto exchange. This development may influence market sentiment positively, potentially impacting trading volumes and price movements for Kraken's listed cryptocurrencies.

According to Aggr News, the cryptocurrency exchange Kraken has announced that the U.S. Securities and Exchange Commission (SEC) will drop its lawsuit against the company. This development could lead to increased investor confidence and a potential positive impact on Kraken's trading volume and market position. Traders may want to monitor Kraken's market performance closely, as the cessation of legal action could influence its trading activity and price movements.

According to @KobeissiLetter, the SEC has officially dropped its lawsuit against Coinbase, which could lead to a positive impact on $COIN's trading activity. This decision may reduce regulatory uncertainty surrounding Coinbase and potentially increase investor confidence, resulting in a favorable shift in market sentiment for $COIN. Traders might anticipate increased volatility and liquidity in the short term as the market reacts to this development.

According to Eleanor Terrett, the SEC and ConsenSys have reached an agreement in principle to end the lawsuit against the blockchain software company. This development, pending commission approval and an official announcement, could impact ConsenSys-related cryptocurrencies and tokens, potentially stabilizing prices due to reduced legal uncertainties.

According to Crypto Rover, the Nigerian government has filed a lawsuit against Binance for $79.5 billion in damages and an additional $2 billion in unpaid taxes. The government accuses Binance of contributing to the country's currency issues. This legal action could significantly impact Binance's operations in Nigeria and affect cryptocurrency trading activities in the region.

According to The Kobeissi Letter, international law firms are preparing significant lawsuits against Argentinian President Milei following the launch of his memecoin $LIBRA. The token's launch resulted in a dramatic loss of $4.4 billion in market capitalization within just 7 hours, raising concerns among investors and prompting legal actions. This development emphasizes the volatile nature of memecoins and the importance of regulatory scrutiny.

According to Aggr News, the SEC has signaled a potential resolution path for its ongoing lawsuit against Coinbase, which could impact trading activities and regulatory dynamics in the cryptocurrency market. This development is critical for traders as it may influence Coinbase's operations and the broader market sentiment. The resolution path indicates potential settlement options or regulatory adjustments that could ease legal pressures on Coinbase, potentially affecting its stock and cryptocurrency trading volumes.

According to BitMEX Research, Bitmain has undergone significant internal changes with co-founder Wu Jihan ousting Zhan and reducing AI expenditure. This turbulence led Zhan to seize control of a Bitmain AI chip unit in Fujian and initiate legal action against Wu. These developments could impact Bitmain's strategic focus and AI market positioning, important factors for traders monitoring the company's influence on cryptocurrency mining hardware supplies.

According to ZachXBT, an individual sued Binance for a theft that occurred in 2021 but did not contact Binance or law enforcement until 2024, after ZachXBT provided them with the necessary information. He criticizes this approach, implying it was not the correct way to handle the situation.

According to CryptoMichNL, Ripple has achieved a significant legal victory as the lawsuit involving XRP has been settled. The SEC initially demanded over a billion dollars in fines, but Ripple will only need to pay $125 million. This outcome is seen as a major win for Ripple and the broader cryptocurrency market.