TL;DR

• US District Judge Analisa Torres has ruled against the SEC and Ripple in their joint motion filed earlier this year.
• The legal case between the two, which started over four and a half years ago, has yet to reach a conclusive end despite Garlinghouse’s announcement in March.

JUST IN: Judge Torres has denied @Ripple and the @SECGov joint motion for an indicative ruling. pic.twitter.com/iPzD4aMG1H

— Eleanor Terrett (@EleanorTerrett) June 26, 2025

Recall that Judge Torres denied the joint motion filed by the two in May as well and set a new deadline for June 16 by which date Ripple and the agency had to refile by fixing all prior inconsistencies.

However, the latest update on the matter is another disappointment for both sides as the Judge has rejected the joint motion for an indicative ruling.

Ripple and the SEC had reached an agreement between each other, as the company had to pay a relatively minor penalty of $50 million, which is a lot less than what the agency initially sought ($2 billion) or the original ruling ($125 million).

Back in March, Ripple CEO Brad Garlinghouse triumphantly announced that the lawsuit had ended after over four years. However, the case continues, at least for now.

XRP’s price continues to drag as it has failed to capitalize on the overall market improvement in the past few days. The asset is down by over 3% on a daily scale, and trades well below $2.15.

Bitcoin (BTC) could be primed for a surge to $160,000, according to a key on-chain metric that foreshadowed two other record-breaking rallies.

This bullish outlook is emerging even as BTC battles volatility near $108,000, a psychological threshold tested amid geopolitical turbulence and conflicting accumulation patterns.

The Accumulation Blueprint

In his latest analysis, market watcher Axel Adler Jr. pointed out that Bitcoin’s Long-Term Holder (LTH) to Short-Term Holder (STH) ratio shows a very familiar accumulation pattern.

According to him, some of BTC’s most explosive rallies between 2023 and 2025 were preceded by sustained LTH/STH growth. One of the runs, which started when Bitcoin was trading around the $28,000 level, saw the king cryptocurrency go all the way to $60,000. Another LTH/STH ratio uptick provided enough momentum to push BTC from $60,000 to $100,000.

Adler has noted the same signal flashing at the $100,000 level:

“Today, at the $100K mark, we again see sustained growth in the LTH/STH ratio,” noted the expert. “This accumulation phase could last 4-8 weeks, after which, by analogy with previous cycles, a powerful upward reversal is likely.”

Applying a conservative 1.6x multiplier to Bitcoin’s current price, he projects a $160,000 target by the end of August.

Giving more credence to the outlook, prominent trader Titan of Crypto identified a bull flag formation on BTC’s daily charts, suggesting a potential breakout to $137,000. He added that the MACD indicator was also on the verge of a bullish crossover, a move often viewed as a trigger for price momentum shifts.

Technical and historical indicators also bolster Adler’s thesis. For instance, the Bitcoin Rainbow Chart places the crypto asset firmly in the “BUY” zone, a scenario comparable to November 2020, just prior to it setting off on a 450% ROI surge, and May 2017, before the same metric boomed 1,400%.

Market Outlook

This activity coincides with broader geopolitical and market forces. On June 25, Bitcoin briefly touched $108,000 following remarks by U.S. President Donald Trump on easing tensions in the Middle East.

Prices have since cooled slightly, with BTC changing hands at around $107,653 at the time of this writing. While a modest 0.7% gain in the last 24 hours, the price reflects a 1.8% monthly dip.

Still, the asset’s nearly 3% uptick in the last seven days puts its performance slightly ahead of the rest of the crypto market, which only managed to go up 1.6% in that period. However, the sideways movement saw BTC underperform versus tech stocks like Nvidia (+9.15%) and Oracle (+32.5%), raising questions about capital rotation.

TL;DR

• The team behind the second meme coin linked to the First Family has also been disposing of a large portion of the token in the past several months.
• According to on-chain data shared by Lookonchain, they have already sold more than 8% of the total MELANIA supply.

The #Melania meme team sold 82.18M $MELANIA(8.22% of total supply) over the past 4 months across 44 wallets, cashing out 244,934 $SOL($35.76M).

Most of the $MELANIA tokens were sold through adding and removing liquidity.https://t.co/EJYWtbB5aE pic.twitter.com/gtmRdkNq1y

— Lookonchain (@lookonchain) June 25, 2025

The post indicates that the team has cashed out over $35 million in MELANIA over the past four months from 44 wallets related to them.

Within this timeframe, the meme coin related to the FLOTUS experienced a massive price dump. It peaked at $8.5 hours after its launch but quickly started to lose value.

In the past 24 hours, the asset has plunged to $0.2, which represents a 98.4% price dump within just several months.

Thus, the MELANIA team has followed the example set by those operating the TRUMP token. CryptoPotato reported numerous times in the past that wallets linked to the POTUS meme coin had disposed of enormous portions of the token.

The most recent example was quite controversial as it came just hours before the US launched a missile attack against Iran, after which the entire crypto market turned red, including the TRUMP meme coin.