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Settlement in Sight? Ripple and SEC File Joint Motion to Stay the Appeal

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The years-long lawsuit between Ripple Labs and the United States Securities and Exchange Commission (SEC) may finally be coming to an end, for real.

A motion filed on Thursday revealed that the duo has jointly requested a pause on their individual appeals case. This latest move comes days after back-and-forth efforts to prolong the lawsuit. Still, the case awaits the Commission’s approval.

The Final End?

Since December 2020, the SEC has repeatedly claimed that Ripple’s XRP token offering classifies as an unregistered securities offering. Hence, the blockchain payment company must be penalized. Regarded as a high-profile case, the outcome of the Ripple vs. SEC case potentially sets a precedent for crypto regulation in the country and beyond.

After the lawsuit seemed to have concluded, evidence showed that the financial agency was not ready for a final settlement. Talks about a possible continuation of the case caused onlookers to expect the submission of briefs on April 16th.

However, current developments suggest that the lawsuit may finally be ending. Defense lawyer James K. Filan shared a document showing that the SEC had agreed to discontinue its appeal and Ripple’s cross-appeal. It also covered claims against Ripple’s founders, Brad Garlinghouse and Chris Larsen.

The joint motion was filed with the U.S. Court of Appeals for the Second Circuit yesterday. Filan stressed that the latest motion means no briefs will be filed on April 16th, as previously expected.

It is worth noting that the outcome of this agreement is subject to the Commission’s endorsement. If the deal is approved, the SEC and Ripple Labs can draft the final settlement terms to settle a lawsuit that began nearly five years ago.

Impact on XRP’s Performance

Following the joint motion from the SEC and Ripple Labs, XRP’s price failed to impress. On-chain data shows that the digital asset’s price sharply declined from $2.022 to $1.93 within the past 24 hours.

However, its price had rebalanced at $2 at press time, representing a mild 0.65% increase over the past 24 hours. Its traded volume had also dropped significantly by 51% to $4.07 billion.

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Cryptocurrency

ChainGPT Expands to Solana: $CGPT Token & Full AI Suite Go Multichain

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[PRESS RELEASE – Dubai, United Arab Emirates, May 12th, 2025]

ChainGPT, a pioneer in blockchain AI solutions, has officially expanded its ecosystem to Solana, bringing its full suite of blockchain AI tools, services, and $CGPT token to one of the industry’s fastest and most scalable networks. This marks a major step in ChainGPT’s multichain vision and unlocks unprecedented opportunities for developers, users, and businesses within the Solana ecosystem. The full rollout of ChainGPT’s AI suite and infrastructure on Solana is in progress and will be completed over the next two weeks.

Solana is recognized for its high-performance blockchain, which processes over 4000 transactions per second and offers ultra-low fees via a unique Proof-of-History (PoH) combined with a Proof-of-Stake (PoS) consensus mechanism. With an active user base exceeding 125 million, Solana provides the ideal infrastructure for ChainGPT’s AI-powered tools to thrive at scale. This integration positions ChainGPT to help developers build faster, more securely, and more effectively on Solana, while enabling new use cases through its cross-chain AI ecosystem.

With this expansion, ChainGPT is tapping into Solana’s ecosystem to provide users with a seamless, efficient, and powerful AI-driven experience. This includes ChainGPT’s rapidly growing user base and deep engagement across the Web3 space:

  • 250,000+ Monthly Active Users: A rapidly expanding ecosystem of builders, users, and Web3 participants.
  • 1M–3M+ Monthly Web Visitors: High traffic volume to ChainGPT’s platforms and tools.
  • 1M+ Followers on X (3M+ Across All Socials): A vibrant and growing global community.

ChainGPT’s mission to democratize AI-powered blockchain tools aligns perfectly with Solana’s capabilities, ensuring:

  • ​​Crypto AI Hub: Delivering multichain AI-powered blockchain tools, now available on Solana.
  • Web3 AI Chatbot & LLM: Enhanced to handle Solana-specific data and smart contract queries.
  • Cross-Chain Swap: Seamlessly bridges EVM chains with Solana for frictionless token movement.
  • ChainGPT Pad & DegenPad: Supporting Solana-native token launches and decentralized fundraising.
  • ChainGPT Labs: Expanding strategic investments in AI innovation within the Solana ecosystem.
  • $1M Grant Program: Supporting developers and founders building AI applications on Solana.
  • $CGPT Token Launch: Will be deployed natively on Solana and traded on Raydium.

(The exact date & time of the CGPT token launch on Solana will be revealed next week on ChainGPT’s X account).

A strong technical foundation and strategic partnerships support this expansion:

  • LayerZero and Stargate: Powering secure cross-chain interoperability.
  • Raydium: ChainGPT’s decentralized exchange partner for Solana-based liquidity.
  • Certik: Providing industry-standard auditing and smart contract security.

These collaborations ensure a seamless user experience while upholding the security and reliability ChainGPT is known for. Together, these efforts position ChainGPT to play a pivotal role in advancing AI-powered tools and services for Solana developers, businesses, and the broader Web3 community.

Ilan Rakhmanov, Founder of ChainGPT and CEO of ChainGPT Software said, “Solana offers a dynamic, high-performance foundation for Web3 innovation, and we’re thrilled to bring ChainGPT’s AI infrastructure into this ecosystem. With its speed, scalability, and developer-first ethos, Solana unlocks powerful new opportunities for AI-driven applications, and we’re here to help builders harness that potential.”

As part of this integration, the $CGPT token is now available on Solana, providing users with cross-chain utility and enabling access to ChainGPT’s growing range of AI services. While the token plays a role, the focus remains on building long-term value through product utility, developer adoption, and AI innovation. ChainGPT invites developers, founders, and ecosystem partners to explore its AI infrastructure, which is now live on Solana.

To learn more, users can visit ChainGPT.org and join the community building the future of AI x Web3.

About ChainGPT 

Incepted in 2023, ChainGPT is a leading provider of AI-powered tools for the blockchain and Web3 industries. It emerged as a project to bridge the gap between blockchain technology and AI, creating innovative solutions for the Web3 ecosystem. Leveraging advanced AI techniques, ChainGPT enhances blockchain functionality with its tools and applications, including SDKs and APIs for automated smart contract generation, a Web3 AI chatbot, an NFT generator, and an IDO launchpad. With established partnerships and collaborations with industry leaders such as Google, Nvidia, and BNB Chain, ChainGPT continues to pioneer efficient and user-friendly AI solutions in the blockchain space.

ChainGPT aims to release AIVM (AI Virtual Machine) on testnet during 2025, building a decentralized AI economy. AIVM, a Layer-1 blockchain, combines a decentralized GPU market, model, and dataset marketplace, verifiable AI on-chain, and an AI Agent framework.

This marks a major step in ChainGPT’s mission to reimagine how intelligence is created, verified, and deployed at scale.

Users can learn more at: https://www.chaingpt.org/

General Resources:

Website | Crypto AI Hub | ChainGPT Labs | ChainGPT Pad | CryptoGuard | AIVM

CGPT DAO | AI NFT Generator | Staking | Blog |

ChainGPT Community and Social Media:

Twitter | Pad Twitter | Telegram | TelegramBot | Discord | Instagram | LinkedIn | YouTube | TikTok

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Cryptocurrency

Ripple (XRP) Price Predictions for This Week

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XRP rally continues with a minor increase of 3.5% daily, but can it break $2.6?

XRP Price Predictions to Watch This Week

Key Support levels: $2.3, $2.0

Key Resistance levels: $2.6, $3

1. Price Makes Higher Highs

The rally is picking up speed after XRP closed the weekend in green. This took the asset to almost $2.5 before a short pullback. If buyers continue the pressure, they have a good chance to test the resistance at $2.6 next. If they break above that level, then XRP has a good shot at $3.

XRPUSDT_2025-05-12_17-34-41
Chart by TradingView

2. Momentum is Picking Up Speed

The price is making higher highs and higher lows with a clear uptrend. However, the buy volume remains low compared to previous rallies. Hopefully, this can change as soon as the price breaks above $2.6, since that will encourage buyers to return in numbers. The current support is at $2.3.

XRPUSDT_2025-05-12_17-35-02
Chart by TradingView

3. RSI Makes New Highs

On Saturday, the daily RSI reached almost 69 points and made a new high before sellers returned to take XRP into a pullback. This shows a clear bullish uptrend. As long as the RSI makes a higher low as well, there is no reason to think this uptrend will stop any time soon.

XRPUSDT_2025-05-12_17-35-48
Chart by TradingView
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

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Ethereum Price Analysis: Is ETH Due for a Correction After 42% Weekly Surge?

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Ethereum has experienced a notable surge in the past few weeks, reaching a crucial resistance region at the $2.6K level. However, the confluence of key resistance factors at this range suggests a likely consolidation before the next major move.

Technical Analysis

The Daily Chart

ETH has been in a strong and impulsive uptrend, reflecting a clear return of demand and buying strength in the market. The price has now reached a critical resistance zone near $2.6K, which aligns with both the 200-day moving average and the previously broken lower boundary of a multi-month ascending channel.

This confluence forms a strong resistance cluster, suggesting potential supply at this level and posing a significant challenge to further upward movement.

As a result, a temporary consolidation or corrective phase appears necessary for the market to stabilize and gather enough momentum for a potential breakout. The RSI indicator has also entered overbought territory, reinforcing the likelihood of a short-term correction.

The 4-Hour Chart

On the lower timeframe, Ethereum’s aggressive buying momentum has driven the price through several resistance levels. This rally signals the buyers’ intention to target all-time highs in the coming months. However, ETH has now reached a key supply zone of around $2.6K, which corresponds with a major swing high in March. This area has already capped the rally, suggesting a potential short-term pause or consolidation.

While a quick breakout above this resistance is still possible, the overbought RSI levels make a brief correction or sideways movement within this range, which is the more probable near-term scenario.

Onchain Analysis

By ShayanMarkets

The funding rates metric is a key indicator of sentiment in the futures market. Analyzing its recent behaviour offers valuable insight into Ethereum’s latest surge. In healthy and sustainable bullish trends, funding rates typically rise gradually, indicating increased participation from buyers in both the perpetual futures and spot markets.

Currently, however, funding rates remain relatively flat, showing no significant uptick. This suggests that Ethereum’s recent price surge has been primarily driven by spot market demand rather than speculative activity in the futures market. This is a bullish sign, as it implies the uptrend is organic and not fueled by excessive leverage, reducing the risk of liquidation cascades and indicating a more stable trend.

Still, for the bullish momentum to be sustained and validated, funding rates should begin to rise, reflecting increased confidence and more aggressive positioning by futures traders.

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

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