Ripple agrees to drop cross-appeal, Cboe BZX files for Fidelity Sol ETF

Headline

▌Ripple agrees to waive cross-appeal, and the US SEC will retain $50 million of the $125 million fine

Ripple Chief Legal Officer Stuart Alderoty wrote, "Last week, the U.S. Securities and Exchange Commission (SEC) agreed to unconditionally waive its appeal. Ripple has now agreed to waive its cross-appeal. The SEC will retain $50 million of the $125 million fine (which has been deposited in cash into an interest-bearing escrow account), and the remainder will be returned to Ripple. The agency will also request the court to lift the standard ban previously imposed at the request of the SEC. All of this is subject to a committee vote, the drafting of final documents, and regular court procedures."

▌Cboe BZX submits Fidelity Solana ETF application to the U.S. SEC

Cboe BZX submits Fidelity Solana ETF 19b-4 form to the U.S. Securities and Exchange Commission (SEC), aiming to allow Cboe BZX Exchange lists and trades the ‘Fidelity Solana ETF’.  

Cboe BZX is part of Cboe Global Markets and focuses on stocks, options and ETF trading.

Market

As of press time, according to Coingecko data:

BTC's latest transaction price is 87,292.51 US dollars, with a daily increase or decrease of -0.1%;

ETH's latest transaction price is 2,062.71 US dollars, with a daily increase or decrease of -1.0%;

BNB's latest transaction price is 629.27 US dollars, with a daily increase or decrease of -1.5%;

SOL's latest transaction price is 143.33 US dollars, with a daily increase or decrease of +1.8%；

DOGE's latest transaction price is 0.1899 US dollars, and its intraday change is +3.7%；

XPR's latest transaction price is 2.45 US dollars, and its intraday change is -0.2%.

Policy

▌SEC Chairman-elect Paul Atkins disclosed assets: He and his wife hold more than $327 million in total assets, and are questioned about conflicts of interest before the inauguration hearing

On the eve of the Senate confirmation hearing, Paul Atkins, the candidate for the chairman of the Securities and Exchange Commission (SEC) nominated by US President Trump, disclosed that the total assets he and his wife Sarah Humphreys jointly held amounted to at least $327 million, raising concerns about the fairness of his future supervision of the cryptocurrency industry. His wife Humphreys' family holds a 75% stake in roofing materials company Tamko (founded by her grandfather), and Atkins himself holds a membership interest of $25 million to $50 million in the consulting firm Patomak Global Partners he founded. Atkins' investments in the crypto field include call options on the real asset tokenization platform Securitize, worth $250,000 to $500,000; and a stake in the financial technology company Pontoro, with a stake of $50,000 to $100,000. Atkins previously promised that if the nomination is approved, he will resign as CEO of Patomak and sell the relevant equity.

▌The U.S. SEC Cryptocurrency Working Group announced that it will hold four new roundtables in the next three months to discuss regulatory issues

According to the SEC's official website, the U.S. Securities and Exchange Commission (SEC) Cryptocurrency Working Group announced that it will hold four new roundtables from April to June 2025, covering topics such as crypto trading, custody, asset tokenization and DeFi. The time and theme of the four public roundtables are: "Tailored Regulation for Crypto Trading" on April 11, "Key Issues for Custodians" on April 25, "Asset Chain and Traditional Financial Integration" on May 12, and "DeFi and the American Spirit" on June 6.  

Commissioner Hester Peirce called this "a spring sprint to crypto clarity", marking the SEC's new direction from law enforcement to cooperation and a clear regulatory framework. The meeting will be open to the public and live online.

▌The bill to repeal DeFi broker rules will be voted on Thursday and submitted to Trump for signature as early as Friday

FOX Business reporter Eleanor Terrett wrote that according to three people familiar with the matter, the Senate plans to vote on a joint resolution on Thursday to repeal the IRS's decentralized finance (DeFi) broker rules.  

Although the joint resolution was passed by a bipartisan supermajority on March 4, the Senate had to vote again due to a technical issue. This vote will be the last step before the resolution is sent to Trump for signature, which may take place as early as Friday.

▌Immutable: The US SEC has ended its investigation into the company and found no misconduct

Web3 gaming platform Immutable announced that the US Securities and Exchange Commission (SEC) has officially notified the company that its investigation into the company and related parties has ended. The investigation did not find any wrongdoing and the SEC will not take any action, which puts an end to the Wells Notice issued by the SEC last year (regarding an ongoing investigation and intended lawsuit). "We are pleased that the SEC has concluded its investigation. This is an important milestone for the crypto industry and gaming as we move towards a future of regulatory clarity," said Robbie Ferguson, president of Immutable, in a statement. "Immutable remains committed to our vision of bringing digital ownership to 3.1 billion gamers around the world; we can now move toward this goal without any obstacles."

Blockchain Applications

▌Solana hires Nikita Bier, founder of the well-known social application, as an ecological consultant

Solana announced that Nikita Bier, founder of the social application tbh, has officially joined its team as an ecological consultant and will assist in screening and promoting mobile application development. Bier is currently also a product growth partner at venture capital firm Lightspeed Ventures, which has invested in blockchain projects such as Solana. Bier is a serial entrepreneur in the social field. The anonymous social application tbh he founded in 2017 was acquired by Meta, and the similar application Gas launched in 2023 was later acquired by Discord. He said on the social media platform X: "Solana already has the infrastructure for the outbreak of the mobile ecosystem, and multiple applications are making progress." Solana co-founder Raj Gokal responded that the past year has been a critical stage in the development of crypto consumption and mobile ecology, and the cooperation between the two parties will accelerate technological integration. Solana has continued to deploy mobile terminals in recent years: the second-generation encrypted mobile phone "Solana Seeker" was launched in September 2023, and the mobile version of the popular Meme coin platform Pump.fun was launched in February 2025. The introduction of Bier this time shows its plan to further expand the mobile ecosystem.

Cryptocurrency

▌Data: The number of cryptocurrency ATMs worldwide has fallen by 2,062 since its peak in 2022

Bitcoin.com News reported that the number of cryptocurrency ATMs worldwide has fallen by 2,062 since its peak in 2022, with a net decrease of 971 machines for the first time in 2025. Bitcoin occupies 99.92% of the terminals, while Litecoin and Ethereum are competing for the second place.  

The first net decrease in cryptocurrency ATMs (971) occurred in 2025.  

Bitcoin is available in 99.92% of ATMs, Litecoin is available in 48.93% of ATMs, and Ethereum is available in 47.86% of ATMs.  

The current global total (37,920 units) is still 2,062 units lower than the all-time high in December 2022.

▌GameStop includes Bitcoin in its treasury reserve assets

Game retailer GameStop updates its investment policy and includes Bitcoin in its treasury reserve assets.  

The document states, "The company's investment policy allows investments in certain cryptocurrency assets, including Bitcoin and US dollar stablecoins. If the company acquires Bitcoin or US dollar stablecoins, the company will be exposed to specific risks associated with Bitcoin or stablecoins; and the company's ability to maintain effective internal financial reporting controls."

▌pump.fun deposited more than 54,000 SOLs to Kraken, equivalent to approximately US$7.81 million

According to OnchainLens monitoring, 3 hours ago, pump.fun deposited 54,113 SOLs to Kraken, equivalent to approximately US$7.81 million.  

So far in 2025, they have sent a total of 1,573,313 SOLs to CEX, equivalent to approximately US$293.26 million. Overall, their total revenue has reached 3,232,101 SOLs, currently worth US$469.1 million.

Important Economic Dynamics

▌Bank of America clients sold the most tech stocks on record last week

Bank of America quantitative strategist Jill Carey Hall wrote in a research note that the bank's clients sold the most tech stocks on record last week, based on data dating back to 2008. "We expect tech stocks to continue to lose their leadership," the strategist wrote, as the tech sell-off came as U.S. stocks recorded their largest net sell-off since August last year, with net sales of $5.8 billion over the same period. Institutional and hedge fund clients were net sellers, while retail clients became net buyers for the 15th week in a row and recorded the third-largest inflows in history. Corporate client buybacks slowed, falling below typical seasonal levels for the third consecutive week. Clients sold five of 11 sectors, led by technology, communications services and staples; as in the previous week, inflows into cyclical sectors suggested they were not repositioning for a recession.

▌JP Morgan: Tariff policy becomes clearer, stop selling U.S. stocks at highs

JP Morgan analyst Ilan Benhamou said that as tariff policy becomes clearer, some key risks have been alleviated, and it is time to temporarily press the pause button on the popular sell-at-high strategy in the market in recent weeks. "I think it may be time to switch thinking and suspend the sell-at-high strategy," Benhamou wrote in a report to clients on Monday. He is a member of the bank's equity derivatives sales team. "What the market hated most before was not the fact that tariffs were coming, but that tariffs would be chaotic and disorderly."

▌"Wood Sister" believes that Tesla's stock price will reach nearly 10 times the current price, and is more optimistic about China

"Wood Sister" Cathie Wood's Ark Investment Management LLC is still bullish on Tesla (TSLA.O), predicting that the stock will reach $2,600 in five years, which is nearly 10 times the current price. Tesla's robot taxis will account for 90% of its value by then. Ark hasn't even factored Tesla's pioneering work in humanoid robots into its stock price forecast. Tesla shares will reach $2,600 in five years, almost 10 times the current level. Meanwhile, Wood's company is more bullish on China. Ark Investment bought Baidu's U.S.-listed shares on Monday, raising its China position, which was previously maintained at a minimum level.

▌The probability of the Federal Reserve keeping interest rates unchanged in May is 87.1%

According to CME's "Fed Watch", the probability of the Federal Reserve keeping interest rates unchanged in May is 87.1%, and the probability of a 25 basis point rate cut is 12.9%. The probability of the Federal Reserve keeping interest rates unchanged by June is 32.4%, the probability of a cumulative 25 basis point rate cut is 59.5%, and the probability of a cumulative 50 basis point rate cut is 8.1%.

▌The U.S. Treasury Department plans "massive" layoffs in response to the call for DOGE to shorten the number

The U.S. Treasury Department is planning large-scale layoffs in response to the Department of Government Efficiency (DOGE), led by Musk, pushing to reduce the size of the federal government workforce, according to wording submitted by a U.S. Treasury official in a court document. The Treasury Department is currently finalizing its plans to implement the executive order signed by Trump to implement the DOGE initiative. According to court documents, these plans will be customized for various agencies under the Treasury Department, and in many cases a large number of jobs will be cut through layoffs.

Golden Encyclopedia

▌What is a teardrop attack in cryptocurrency?

Teardrop attacks exploit the way in which a system reassembles fragmented packets by sending overlapping fragments during transmission, and the target system cannot properly reconstruct these fragments, resulting in a denial of service. In addition, teardrop attacks can target services related to the blockchain ecosystem, such as wallet providers and cryptocurrency exchanges, rather than the blockchain infrastructure itself. These services rely primarily on continuous communication between users and servers to achieve seamless transactions and service availability.

Disclaimer: As a blockchain information platform, the content of the articles published by Golden Finance is for information reference only and is not intended as actual investment advice. Please establish the correct investment concept and be sure to enhance risk awareness.