Ripple agrees to waive cross-appe Cboe BZX file Fidelity Sol ETF

Reprinted from jinse

03/26/2025·1M

Headlines

▌ Ripple agrees to waive cross-appeal, US SEC will retain $50 million of its $125 million fine

"Last week, the Securities and Exchange Commission (SEC) agreed to waive the appeal unconditionally. Ripple has now agreed to waive its cross-appe. The SEC will retain $50 million of the $125 million fine (which has been deposited in cash into the interest-bearing escrow account), and the remainder will be returned to Ripple. The agency will also request the court to lift the standard injunction previously imposed by the SEC. All of this will be subject to a vote by the committee, drafting of final documents, and regular court proceedings."

▌ Cboe BZX submits Fidelity Solana ETF application to US SEC

Cboe BZX filed the Fidelity Solana ETF Form 19b-4 with the Securities and Exchange Commission (SEC) to allow the Cboe BZX exchange to be listed and traded 'Fidelity Solana ETF'.

Cboe BZX is affiliated with Cboe’s global market and focuses on stocks, options and ETF trading.

Quotes

As of press time, according to Coingecko data,

BTC's recent transaction price is US$87,292.51, up and down -0.1% intraday;

ETH's latest transaction price is US$2,062.71, with an intraday increase and decrease of -1.0% ;

BNB's recent transaction price is US$629.27, with an intraday increase and decrease of -1.5% ;

SOL's recent transaction price is US$143.33, with an intraday increase and decrease of +1.8% ;

DOGE's recent transaction price is US$0.1899, with an intraday increase of +3.7% ;

XPR's recent transaction price is US$2.45, with an intraday increase and decrease of -0.2 % .

policy

▌ SEC Chairman-elect Paul Atkins ' asset disclosure: The total assets held with his wife exceed US$327 million, and he was questioned about conflicts of interest before the inauguration hearing

Paul Atkins, the Securities and Exchange Commission (SEC) president nominated by U.S. President Donald Trump, disclosed that his total assets held by his wife Sarah Humphreys totaled at least $327 million, raising concerns about the fairness of his future regulation of the cryptocurrency industry. His wife, Humphreys, holds a 75% stake in roofing materials company Tamko (founded by his grandfather), and Atkins himself holds a membership interest of $25 million to $50 million in Patomak Global Partners, a consulting firm he founded. Atkins' investment in the crypto space covers call options from real- world asset tokenization platform Securities, worth $250,000 to $500,000; and a fintech company Pontoro, with a stake of $50,000 to $100,000. Atkins previously promised that if the nomination was approved, he would resign from his position as CEO of Patomak and sell the relevant equity.

▌The US SEC Cryptocurrency Working Group announces four new roundtables to discuss regulatory issues in the next March

According to the official website of the SEC, the U.S. Securities and Exchange Commission (SEC) Cryptocurrency Working Group announced that it will hold four new round table meetings from April to June 2025, covering issues such as crypto trading, custody, asset tokenization and DeFi. The time and themes of the four public roundtables are: "Tailed Supervision for Crypto Trading" on April 11, "Key Issues of Custody Institutions" on April 25, "Asset On-chain and Traditional Finance Integration" on May 12, and "DeFi and the American Spirit" on June 6.

Commissioner Hester Peirce called this a "spring sprint to a clear encryption" and marked a new direction for the SEC to shift from law enforcement to cooperation and clear regulatory frameworks. The meeting will be open to the public and broadcast live online.

▌Bill on repealing the DeFi broker rules will be finalized this Thursday, and may be submitted to Trump for signature as soon as Friday

FOX Business reporter Eleanor Terrett said that the Senate plans to hold a final vote on a joint resolution on Thursday aimed at repealing the IRS’s decentralized finance (DeFi) broker rules, according to three people familiar with the matter.

Although the joint resolution was passed on March 4 by a bipartisan super majority in favor, the Senate had to vote again due to a technical issue. The vote will be the last step before the resolution is sent to Trump, and the signing may take place as early as Friday.

▌ Immutable: US SEC has concluded its investigation into the company and found no misconduct

Web3 gaming platform Immutable announced that the U.S. Securities and Exchange Commission (SEC) has officially notified the company that its investigation into the company and related parties has ended. The investigation found no misconduct and the SEC would not take any action, putting an end to the SEC’s Wells notice (a striking an ongoing investigation and intending to file a lawsuit) issued last year.

"We are pleased that the SEC has concluded the investigation. This is an important milestone for the crypto industry and gaming, and we are moving towards a clear regulatory future. Immutable continues to work towards our vision to bring digital ownership to 3.1 billion players around the world; we can now move towards this goal without any barriers."

Blockchain application

▌ Solana hires Nikita Bier, the founder of well-known social application, as an eco-advisor

Solana announced that Nikita Bier, founder of social application tbh, has officially joined his team as an eco-advisor and will assist in screening and promoting mobile application development. Bier is currently also a product growth partner at venture capital firm Lightspeed Ventures, which has invested in blockchain projects such as Solana.

Bier is a serial entrepreneur in the social field. His anonymous social app tbh founded in 2017 was acquired by Meta, and his similar app Gas launched in 2023 was later acquired by Discord. He said on social media platform X: "Solana already has the infrastructure for the outbreak of the mobile ecosystem, and multiple applications are making progress." Solana co-founder Raj Gokal responded that the past year has been a critical stage in the development of crypto consumption and mobile ecosystem, and the cooperation between the two parties will accelerate the integration of technology.

Solana has continued to deploy mobile devices in recent years: it launched the second generation of encrypted mobile phone "Solana Seeker" in September 2023, and in February 2025, it supports the launch of the mobile version of the popular Meme coin platform Pump.fun. The introduction of Bier this time shows that it plans to further expand the mobile ecosystem.

Cryptocurrency

▌Data : The number of cryptocurrency ATMs worldwide has decreased by 2,062 since its peak in 2022

Bitcoin.com News issued a statement saying that the number of cryptocurrency ATMs (ATMs) worldwide has dropped by 2,062 since its peak in 2022, with a net decrease of 971 machines for the first time in 2025. Bitcoin occupies 99.92% of terminals, while Litecoin and Ethereum are competing for second place.

The first net decrease in cryptocurrency ATMs (971 units) occurred in 2025.

Bitcoin is available in 99.92% of ATMs, Litecoin is available in 48.93% of ATMs, and Ethereum is available in 47.86% of ATMs.

The current global total (37,920 units) is still 2,062 units below its all- time highest level in December 2022.

GameStop incorporates Bitcoin into its treasury reserve assets

GameStop, a gaming retailer, updated its investment policy to include Bitcoin in its treasury reserve assets.

"The company's investment policies allow investment in certain cryptocurrency assets, including Bitcoin and US dollar stablecoins, and if the company acquires Bitcoin or US dollar stablecoins, the company will face specific risks associated with Bitcoin or stablecoins; and the company's ability to maintain effective internal financial reporting controls," the document said.

▌ pump.fun deposited more than 54,000 SOLs into Kraken, equivalent to about US$7.81 million

According to OnchainLens monitoring, three hours ago, pump.fun deposited 54,113 SOLs into Kraken, equivalent to about $7.81 million.

To date in 2025, they have sent a total of 1,573,313 SOLs to CEX, which is approximately US$293.26 million. Overall, their total revenue has reached 3,232,101 SOLs and is currently worth $469.1 million.

Important economic trends

▌Bank U.S. customers sold tech stocks at record high last week

Bank of America quantitative strategist Jill Carey Hall wrote in a research note that the bank's clients sold U.S. technology stocks last week at the highest, according to data traced back to the earliest 2008. "We expect technology stocks to continue to lose their leadership," the strategist wrote, amid the sell-off of technology stocks, which hit the largest net selling since August last year, with a net selling of $5.8 billion in the same period. Institutional and hedge fund clients are net sellers, and retail clients are net buyers for the 15th consecutive week and record the third largest inflow of funds in history. Corporate customer buybacks slowed down, below typical seasonal levels for the third consecutive week. Customers sold five of the 11 sectors, led by technology, communication services and essentials; like the previous week, cyclical industry capital inflows indicate that they are not adjusting positions for the recession.

▌JPMorgan Chase: Tariff policy is becoming clearer, and US stocks should be stopped selling at high prices

JPMorgan analyst Ilan Benhamou said that as tariff policies gradually become clearer and some key risks have been alleviated, it is time for the market to temporarily press the pause button, which has been popular in recent weeks. “I think it might be time to switch ideas and pause the selling strategy at high prices,” Benhamou wrote in a report from the weekly unanimous clients. He is a member of the bank's stock derivatives sales team. "What the market hates the most before is not the coming of tariffs, but the chaos and disorder of tariffs."

▌ " Mistress Mutou" believes that Tesla's stock price will reach nearly 10 times the current price, and is more optimistic about China.

Cathie Wood's Ark Investment Management LLC is still looking at Tesla (TSLA.O), and the stock is expected to reach $2,600 in five years, which is nearly 10 times the current point. Tesla's robot taxis will account for 90% of its value by then. Ark has not even included Tesla's innovation in humanoid robots in its stock price forecast. Tesla's stock price will reach $2,600 in five years, almost 10 times the current point. At the same time, Wood's company is more optimistic about China. Ark Investment bought Baidu's U.S.-listed shares on Monday, raising its position in China, which had previously remained at its lowest level.

▌The probability of the Federal Reserve keeping interest rates unchanged in May is 87.1%

According to CME's "Federal Observation", the probability of the Fed keeping interest rates unchanged in May is 87.1%, and the probability of cutting interest rates by 25 basis points is 12.9%. The probability of the Federal Reserve keeping interest rates unchanged by June is 32.4%, the probability of a cumulative interest rate cut of 25 basis points is 59.5%, and the probability of a cumulative interest rate cut of 50 basis points is 8.1%.

▌The US Treasury Department plans to lay off employees on a "large-scale" basis, responding to DOGE's call for a reduction

The Treasury Department is planning massive layoffs in response to the push for action to reduce the size of federal government employees, a Treasury official filed in a court filing. Currently, the Treasury Department is finalizing its plan to implement the executive order signed by Trump on the implementation of the DOGE initiative. According to court documents, these plans will be customized for various agencies under the Ministry of Finance, and in many cases it will reduce a large number of jobs through layoffs.

Golden Encyclopedia

▌What is the teardrop attack in cryptocurrency?

Tears attacks exploit the way the system reorganizes fragmented packets by sending overlapping fragments during transmission, which the target system fails to rebuild correctly, resulting in a denial of service. Furthermore, teardrop attacks can target services related to the blockchain ecosystem, such as wallet providers and cryptocurrency exchanges, rather than the blockchain infrastructure itself. These services rely primarily on continuous communication between users and servers to enable seamless transactions and service availability.

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