Altcoin
Lawyers React As Expert Hints At Ripple Vs SEC Case End
In a surprising revelation, Andrew AP Abacus, co-founder of Arch Public, disclosed that the XRP lawsuit is on the cusp of conclusion. Citing two sources within the Securities and Exchange Commission (SEC), the expert outlined several possible outcomes for the Ripple vs SEC case.
Notably, AP Abacus’ predictions drew skeptical responses and raised eyebrows from legal experts John Deaton, Bill Morgan, and Fred Rispoli. Let’s dive into the experts’ reactions and explore their implications for Ripple’s future.
XRP Lawsuit Nears Endgame: Experts React
Recently, Arch Public co-founder Andrew AP Abacus took to X to share insights on the imminent resolution of the prolonged XRP lawsuit. He stated, “*two* SEC sources believe Ripple case is very close to ending.”
Significantly, the potential conclusion of the Ripple vs SEC case is a long-standing debate. AP Abacus’ recent post added fuel to the fire, generating both optimism and skepticism. While many community members remain optimistic, legal experts and XRP lawyers raise eyebrows. For instance, pro-XRP attorney John Deaton’s simple reaction gained attention as he posted a pair of eyes emoji, conveying his surprise and skepticism.
Similarly, Bill Morgan, another prominent XRP lawyer, expressed mixed reactions to AP Abacus’ predictions. Bill Morgan raised concerns over certain aspects of the expert’s predictions, while also acknowledging some positive points.
XRP Lawsuit: Possible Outcomes
In his X post, AP Abacus provided a few possible outcomes for the XRP lawsuit as it nears its conclusion. According to him, the US SEC may consider classifying the XRP token as a commodity. This possible classification could have a significant implication over the regulatory status of XRP.
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
In addition, AP Abacus stated that the Ripple may face a reduced fine in the XRP lawsuit. While the penalty imposed by Judge Analisa Torres is $125 million, a reduced fine could invoke a new turn in the Ripple vs SEC case. Interestingly, XRP advocacy platform All Things XRP had previously predicted a penalty reduction, assigning it a 30% probability.
Further, the expert suggested that the US SEC’s new leadership recognizes the significance of this case and its potential to set a precedent for future regulatory decisions. This implies that the SEC may take a more cautious approach, ultimately benefitting Ripple.
Ripple Case Outcome Sparks Mixed Reactions
While John Deaton expressed his confusion with an emoji, XRP lawyer Bill Morgan shares a detailed opinion on AP Abacus’ Ripple lawsuit predictions. While Morgan remains hopeful about some points, including the XRP’s classification and the SEC’s cautious approach, he acknowledges a significant obstacle – the injunction- that needs to be addressed.
Meanwhile, legal expert Fred Rispoli shared a lighthearted message with a mix of humor, sarcasm, and optimism. He admits that he’s selective in believing AP Abacus’ sources. He asserted that he would rather believe the positive updates while being skeptical of the negative.
Rispoli attributes his selective skepticism to his “unbridled hope” for a favorable outcome, rather than hypocrisy. In other words, his optimism makes him receptive of positive news and more doubtful of negative outcomes. Previously, Rispoli had dismissed delay discussions on the XRP lawsuit resolution, asserting that a settlement is simple and possible.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Shiba Inu price has been facing a downturn over the past few months, dropping nearly 63% since December 2024. Despite this, a key metric has shown positive signs that may help the meme coin recover. Shiba Inu’s exchange reserve has recently reached an all-time low of 93.573 trillion tokens, marking a shift in investor behavior. This drop in exchange reserves suggests a reduction in selling pressure, which could help SHIB price break past key resistance levels.
Shiba Inu Price Targets $0.000081 as Exchange Reserves Hit Record Low
According to CryptoQuant data, Shiba Inu’s exchange reserve recently reached an all-time low of 93.573 trillion tokens. This represents just 15.88% of the circulating supply. The exchange reserve metric tracks the amount of SHIB held by major exchanges such as Binance, Coinbase, and Crypto.com. The drop in this reserve indicates that a large portion of SHIB is being moved off exchanges, likely to be held by long-term investors.
The decline in exchange reserves is often seen as a bullish signal. As investors withdraw their holdings from exchanges, the available supply of SHIB for sale decreases. This reduction in exchange liquidity can help reduce downward price pressure.
Market participants are increasingly confident in Shiba Inu’s future as seen by the continued withdrawals from exchanges despite the top meme coin recent losses.
Increased Long-Term Holders Suggest Stability
In addition to the drop in exchange reserves, Shiba Inu has seen an increase in the number of long-term holders. According to data from IntoTheBlock, long-term SHIB holders, defined as those holding the asset for at least a year, have surged to a new peak of 1.09 million addresses. This growing number of long-term holders is a positive sign for Shiba inu price stability.
The increase in long-term holders typically reduces sell pressure, as these investors are less likely to liquidate their positions during short-term market fluctuations. This change in investor behavior suggests that Shiba Inu price may experience greater stability in the future.
SHIB Price Prediction
Shiba Inu has been showing signs of recovery after reaching a support level of $0.00001201 on March 14, 2025. Since then, the price has rebounded by 10%, reaching $0.00001322. According to analyst Javon Marks, Shiba Inu price is eyeing a breakout target of $0.000081, a level that would represent a nearly 500% upside from current levels. To reach this target, SHIB must first overcome resistance levels, particularly around $0.00001380.
The reduced liquidity due to exchange withdrawals could provide the necessary conditions for a breakout. However, for this bullish scenario to materialize, the top meme coin must maintain strong momentum and avoid any retracement.
Moreover, another report supports the bullish sentiments with another analyst forecasting the top meme coin could experience a 2x to 3x rally in the coming weeks. With rising buying pressure and technical indicators favoring the bulls, SHIB’s potential to reach its target prices of $0.0000280 to $0.000032 could be realized within the next two months.
Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Asset manager Canary Capital has filed the S-1 form for its SUI ETF with the US Securities and Exchange Commission (SEC). This comes just a week after the firm filed in Delaware to incorporate the fund.
Canary Capital Files For SUI ETF With US SEC
In an X post, Bloomberg analyst Eric Balchunas revealed that Canary Capital has just filed the S-1 form for its SUI ETF with the US SEC. This filing comes just after the asset manager filed to incorporate the fund in Delaware a week ago. This provides a bullish outlook for the SUI price, which is already eyeing a rally to as high as $7, which will mark a new ATH for the crypto.
Canary Capital becomes the first asset manager to file for a fund that will provide institutional investors access to SUI. Meanwhile, the firm already filed to offer an XRP, Hedera, and Solana ETFs. Last week, the asset manager filed an S-1 with the SEC to launch an ETF tracking Axelar’s AXL token.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Editorial Note: The following content does not reflect the views or opinions of BeInCrypto. It is provided for informational purposes only and should not be interpreted as financial advice. Please conduct your own research before making any investment decisions.
In the cryptocurrency market, volatility and uncertainty are the norm. Recently, the overall market has been on a downward trend. Bitcoin (BTC) dropped by 15% over the past 90 days, and among the top 100 tokens by market cap, only 17 achieved positive returns.
Amid this environment, GateToken (GT) defied the trend with a 65% surge, emerging as one of the few tokens to register significant growth. This phenomenon has drawn widespread market attention and offered a fresh perspective on the evolution of the crypto space.
GT’s performance isn’t an isolated case but rather the result of a confluence of factors. This article will provide an in-depth analysis of GT’s rise in the face of market adversity, examining its underlying technology, ecosystem, and market strategies, as well as comparing it to other mainstream exchange tokens to offer valuable insights for both investors and industry professionals.
Mainstream Assets Plunge: BTC Drops 15%
Against this overall market decline, GT has stood out. According to CoinMarketCap, GT surged by as much as 65% over the past 90 days, ranking among the top 10 tokens in the top 100 by market cap.
The data further highlights GT’s impressive performance over the past year. Its annual gain exceeded 300%, breaking through $17.699 in December 2024 with a 24-hour increase of 20.1%. In January 2025, GT hit a high of $25.960, and its total circulating market cap surpassed $2.5 billion. As of March 2025, GT’s price has been trading between $21.3 and $22.5, with a nearly 60-day gain of 11.44%, underscoring its robust market performance.
Navigating a Volatile Market: GT’s Resilience Stands Out
Market cycles of bull and bear trends are the norm in crypto, yet few assets manage to maintain stability amid such turbulence. Over the past year, GT has demonstrated remarkable resilience, a key characteristic of its market performance. This resilience is reflected not only in its price stability but also in its sustained trading activity and growing volume.
From a technical perspective, the GateChain network completed its v1.1.6 mainnet upgrade in August 2024. The new gas mechanism and burn strategy have laid the foundation for the ecosystem’s steady growth. The enhanced gas-burning mechanism further reduces the total supply of GT, increasing its scarcity and value potential. These technological innovations and optimizations create an efficient and reliable deflationary environment, providing strong technical support for GT’s long-term development.
On the market side, GT’s resilience is also driven by its extensive utility within the ecosystem. It plays a crucial role in trading fee discounts, VIP privileges, staking rewards, and on-chain governance, ensuring consistent market demand. These diverse applications enhance GT’s market value, allowing it to maintain strong trading activity and volume even amid market fluctuations.
Ecosystem Empowerment Fuels Global User Growth
The development of a robust ecosystem is a key indicator of a project’s future potential, and GT has excelled in this area. By rapidly launching innovative products and services, GT has accelerated user adoption and driven substantial growth. As of March 2025, Gate.io’s global user base has surpassed 21 million.
Moreover, by the fourth quarter of 2024, the Gate Web3 ecosystem had significantly enhanced its multi-chain support capabilities through continuous iterations, expanding to 199 public chains and adding over 54 million new addresses. As more applications and public chains integrate, GT is poised to play an increasingly vital role across the entire ecosystem.
Recent announcements indicate that GateChain plans to continually upgrade core functionalities, including DApp development, and expand its Web3 ecosystem to encompass wallets, trading, earn, NFTs, and meme tokens. This ongoing ecosystem empowerment is expected to significantly enhance GT’s value, attract more potential users, and provide richer application scenarios and investment opportunities.
Estimate Recovery: Robust Scarcity and Market Confidence
Beyond that, estimate recovery is a key indicator of a project’s market acceptance. GT’s performance in this area is also impressive. With an innovative and ongoing burn mechanism, the circulating supply of GT has steadily declined, markedly increasing its scarcity.
As the Utility Token and Gas Fee Payment Token on GateChain, GT underpins the network’s core transfer system. Since GateChain went live in 2019, GT has been continuously burned, reducing its total supply by approximately 60% from the initial 300 million tokens.
Recent data reveals that in Q4 2024, GT completed an on-chain burn, with 2,904,885.4321514 tokens destroyed, valued at over $63.9 million. To date, a total of 177 million GT tokens have been burned, positioning it as a leader in burn scale within the industry.
In terms of market capitalization, GT has seen significant improvements in both value and ranking over the past two years. In early 2024, GT’s market cap was under $1 billion; by March 2025, it had surged past $2.6 billion, securing a spot among the top 50 cryptocurrencies globally. Currently, GT boasts a market cap of $2.68 billion, ranking 46th.
GT Quietly Breaks Through Amid Fierce Battles with BNB and OKB
In the cryptocurrency market, GT faces intense competition from seasoned heavyweights such as BNB and OKB. A comparative analysis reveals GT’s survival strategies and development potential as it goes head-to-head with these industry leaders.
Focusing on Core Innovation, GT Has Cracked the Code
GT’s success is largely due to its agile innovation strategy. By rapidly expanding into emerging markets and continuously launching new products and services that meet market demand, GT has swiftly seized market opportunities. This innovative approach not only enhances its competitive edge but also provides a valuable time window in its battle against established players.
In practice, GT’s innovation isn’t limited to technological advancements. It also lies in its sharp market insights and quick responsiveness. This ability enables GT to adapt rapidly to market changes, capture significant market share in a short period, and successfully establish its competitive advantage.
Leveraging Ecosystem Integration, BNB Focuses on Steady Growth
In contrast, legacy players like BNB and OKB solidify their market positions through robust ecosystem integration. By forging close partnerships with multiple collaborators and platforms, BNB achieves synergistic growth across various sectors, thereby boosting its overall competitiveness.
Regarding token burn mechanisms, GT currently has a circulating supply of 96 million tokens and a burn rate of 58.06%. This represents the highest burn rate, lowest circulating supply, and most pronounced scarcity among its peers. Meanwhile, BNB employs a relatively conservative burn strategy; however, its market cap remains impressive, exceeding GT’s by more than tenfold and placing it in the fifth position.
Sticking to a Long-Term Vision, Exchange Tokens Thrive
The meteoric rise of GT in the cryptocurrency market is no accident. It’s the inevitable result of multiple converging factors. Its outperformance during market downturns can be attributed to robust resilience, efficient ecosystem empowerment, and ongoing estimate recovery. Through dynamic competition with established industry players, GT has broken through the market by leveraging agile innovation strategies and unique competitive advantages.
As the crypto market and Web3 ecosystem continue to expand, tokens such as BNB, OKB, and GT are poised to play increasingly significant roles, capturing greater market share and earning enhanced user trust. In the ever-evolving crypto landscape, exchange tokens have consistently been a promising avenue for industry growth. However, market uncertainty remains, and their future paths still face numerous challenges.
Disclaimer: The content herein does not constitute any offer, solicitation, or recommendation. You should always seek independent professional advice before making any investment decisions. Please be noted that Gate.io may restrict or prohibit the use of all or a portion of the Services from Restricted Locations. For more information, please read the User Agreement.
Disclaimer
This article contains a press release provided by an external source and may not necessarily reflect the views or opinions of BeInCrypto. In compliance with the Trust Project guidelines, BeInCrypto remains committed to transparent and unbiased reporting. Readers are advised to verify information independently and consult with a professional before making decisions based on this press release content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Here’s How High The XRP Price Would Be If It Flips Ethereum’s Market Cap
Howells Loses Appeal to Dig Up Landfill for Lost Bitcoin
Shiba Inu Price Eyes $0.000081 Breakout as Exchange Reserve Hits Record Low
Stellar (XLM) Price Nears Death Cross; Recovery Looks Uncertain
Kentucky Passes Bill to Protect Bitcoin Rights
Ethena Labs and Securitize to launch Converge, a new blockchain for DeFi
2.52 Million Altcoins Are Ruining Crypto’s Future
Animoca Brands Valuation Tanks 75% In Two Years, Here’s Why
Crypto exchange BingX hacked for $43 million
Are The Big Players Losing Interest?
Hong Kong’s Securities Association Tips Authorities On Crypto Self-Regulation
Coinbase cbBTC Set to go Live on Solana
2.52 Million Altcoins Are Ruining Crypto’s Future
Animoca Brands Valuation Tanks 75% In Two Years, Here’s Why
Crypto exchange BingX hacked for $43 million
Are The Big Players Losing Interest?
Hong Kong’s Securities Association Tips Authorities On Crypto Self-Regulation
Coinbase cbBTC Set to go Live on Solana
-
Altcoin14 hours agoBNB Price Can Hit Fresh ATH As Mubarak Leads Meme Coin Frenzy
-
Market13 hours agoSolana Price’s Biggest Test: Breaching $180 Resistance
-
Bitcoin12 hours agoBitcoin Bulls Eye Comeback After $10 Billion Liquidation Shakeout—Analyst
-
Market9 hours agoYZi Labs Backs Plume Network’s RWAfi Ecosystem
-
Altcoin8 hours agoThe New Frontier of Altcoin Futures Trading: Gate.io’s Ecosystem Innovation.
-
Bitcoin11 hours agoWhy Bitcoin And Crypto Will Not Recover Before US Equities Market: Expert
-
Ethereum8 hours ago130,000 Ethereum Moved Off Exchanges – Bullish Signal?
-
Bitcoin8 hours agoWhy Are the Purchases Shrinking?
✓ Share: