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Celsius gains court approval to sue Tether for $4B, while DOJ recovers $40K from a Trump-linked crypto scam, praising Tether's cooperation in fund recovery.

XRP Consolidates Near $2.28 Amid Slew of Wins for Ripple, XRPL

CoinDeskWednesday, June 11, 2025 at 7:27:04 AM
XRP Consolidates Near $2.28 Amid Slew of Wins for Ripple, XRPL
XRP is holding steady around $2.28 as Ripple and the XRP Ledger (XRPL) rack up a series of recent victories—whether in court, partnerships, or adoption milestones. While the price isn’t skyrocketing, the stability combined with these wins suggests growing confidence in the ecosystem.
Editor’s Note: For crypto watchers, this isn’t just about price—it’s about momentum. Ripple’s legal and technical progress could signal a turning point for XRP, which has faced regulatory headwinds. If these wins keep stacking up, it might finally shake off the "always the bridesmaid" rep in the crypto world.
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Latest from Cryptocurrency
Celsius Secures Judge Approval To Pursue $4 Billion Lawsuit Against Tether
negativeCryptocurrency
A U.S. bankruptcy judge just gave Celsius Network the green light to go after Tether in a $4 billion lawsuit. Celsius, the collapsed crypto lender, claims Tether forced a "fire sale" of Bitcoin (BTC) to meet a sudden collateral demand, which allegedly worsened Celsius’ financial meltdown. This could get messy—Tether’s the giant behind USDT, the crypto world’s most-used stablecoin, and Celsius is digging in for a legal fight.
Editor’s Note: This isn’t just a corporate spat—it’s a high-stakes drama that could ripple through crypto markets. If Celsius proves Tether’s actions deepened its collapse, it might shake confidence in stablecoin issuers’ power over volatile assets. Plus, with billions on the line, the outcome could set precedents for how crypto firms handle (or mishandle) collateral during crises. Buckle up.
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DOJ credits Tether for aiding funds recovery from Trump-linked crypto scam
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The DOJ is giving a nod to Tether for playing a key role in clawing back over $40,000 in crypto stolen by scammers who pretended to be fundraising for Trump's 2024 inaugural committee. While the amount recovered is relatively small, it highlights how crypto companies can assist law enforcement in tracking illicit funds—even when political figures are unwittingly involved.
Editor’s Note: This isn’t just about recovering a few thousand dollars—it’s a sign that even in the Wild West of crypto, cooperation between regulators and companies can work. With scams constantly evolving, Tether’s involvement here sets a precedent for how stablecoin issuers might help combat fraud, especially when high-profile names are used to lure victims.
JD.com and Ant Group push for yuan-pegged stablecoins to challenge dollar’s digital dominance
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Editor’s Note: This isn’t just about tech—it’s a power play in the global financial arena. If China rolls out its own stablecoins, it could reshape how money moves digitally, giving the yuan more clout against the dollar. For everyday folks, it might mean smoother cross-border transactions, but it also signals how fiercely countries are competing behind the scenes in the crypto space.
Bitcoin Price Watch: Bulls Target $111K and New Highs as Resistance Zone Tightens
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Bitcoin is flirting with another potential surge, as traders eye a breakthrough toward $111,000 despite a stubborn resistance zone. The bulls are pushing hard, and if they can crack this ceiling, we could see fresh all-time highs. The chart setup suggests a tightening battle between buyers and sellers—so buckle up.
Editor’s Note: Bitcoin’s price action is always a rollercoaster, but this push toward $111K isn’t just another blip. If it breaks through, it could signal renewed confidence in crypto after months of sideways movement. For investors, that means watching this resistance level like a hawk—it’s either fuel for FOMO or a reality check if the rally fizzles. Either way, it’s a big moment for the market.

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