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XRPin Cryptocurrency
3 hours ago

The Ripple vs. SEC lawsuit nears a pivotal July 3rd deadline, while XRP traders eye a potential surge to $2.35 amid ETF rumors. Meanwhile, Ripple's CTO reveals shocking details about pre-IPO shares amid Linqto's collapse, stirring market uncertainty.

$324M in fees and no roadmap: What’s really going on with the TRUMP memecoin?

CointelegraphTuesday, July 1, 2025 at 3:55:00 PM
$324M in fees and no roadmap: What’s really going on with the TRUMP memecoin?
A cryptocurrency called TRUMP, which trades on former President Donald Trump’s name but has no clear purpose or official backing, briefly rocketed to a multibillion-dollar valuation before nosediving. Meanwhile, traders have shelled out a staggering $324 million in fees just to buy and sell it. Critics say the coin is all hype with zero substance—no roadmap, no white paper, and no real utility beyond speculation.
Editor’s Note: This story highlights the wild, often reckless side of crypto markets, where memecoins with celebrity tie-ins can attract massive trading volumes despite having no real function. It’s a cautionary tale for investors chasing quick gains—especially when there’s nothing backing the asset except a famous name and a lot of hype. Plus, the exorbitant fees show how much money is being wasted on what might just be a glorified pump-and-dump scheme.
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Ripple Vs. SEC Lawsuit Nears End — Why The July 3rd Date Is Important
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The long-running legal battle between Ripple and the SEC is finally winding down, with both sides dropping their appeals. A crypto analyst has flagged July 3rd as a key date to watch—likely signaling the official end of this high-stakes lawsuit. For XRP investors and the broader crypto world, this could bring much-needed clarity after years of uncertainty.
Editor’s Note: This isn’t just another court date—it’s potentially the finale of a lawsuit that’s hung over Ripple and XRP for years. If the case closes without further appeals, it could set a precedent for how crypto firms deal with regulators moving forward. For everyday investors, it might finally clear up whether XRP is a security or not, which could shake up its market value. Either way, July 3rd is a big deal for crypto’s legal landscape.
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Socialist Zohran Mamdani may become a New York mayor. Why does crypto X push against him?
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Editor’s Note: Mamdani's rise signals a shift in NYC's political landscape, where bold progressive ideas are gaining traction despite pushback. The crypto community's resistance adds an intriguing layer—it hints at how digital-savvy interest groups are becoming vocal players in local elections, even when the stakes seem unrelated. Whether you love or hate his platform, this race could foreshadow bigger battles over economic policy and tech industry influence in urban governance.

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