District Judge Analisa Torres of the Southern District of New York imposed a $125 million fine on Ripple, citing their sales of XRP to institutional clients as breaches of federal securities laws.

Ripple (XRP) has disclosed plans for launching its own stablecoin, which will be pegged to the dollar and backed by bank deposits along with short-term U.S. Treasury bills. This move aims to expand Ripple Payments' capabilities in facilitating cross-border transactions. The introduction of this stablecoin promises:

Unciphered, a crypto recovery firm, has extended an offer to unlock a cold wallet containing over 7,000 BTC that Stefan Thomas forgot the password to 12 years ago.

Exciting news from Ripple as their CEO Brad Garlinghouse and Executive Chairman Chris Larsen have been cleared of all SEC allegations.