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Our dynamic duo, Ripple and the SEC, took a monumental stroll on June 12, 2025, filing a joint motion that’s aimed at, wait for it, reducing Ripple’s hefty $125 million penalty to a mere $50 million. Why? Because who doesn’t love a good bargain! But even if Judge Torres gives the thumbs-up within mere seconds (or eons), don’t pop the legal champagne just yet. There’s still plenty more paperwork to wade through before we can close this chapter.

On this fine Wednesday, the astute onchain investigator, ZachXBT, shared his findings, suggesting that “the Iranian crypto exchange ‘Nobitex’ appears to have been exploited for the princely sum of $81.7 million across various chains, including Tron, Bitcoin, and the ever-popular Doge.” The audacious hacking group later confirmed their involvement through rather boastful posts on their Telegram and X accounts.

XRP Ruling Next Week?

Apparently, when things heat up in the Middle East, crypto holders tend to lose faith faster than a biscuit in hot tea. The market’s mood is now gloomier than a British beach holiday, and SHIB holders have responded in classic style: by panicking slightly and hitting the sell button like it dispenses free pizza.

At a modest $2,533.31, Ethereum is feeling a little under the weather, down 2% in the past 24 hours and a casual 10% in the last week. It’s like that guy at a party who really wants to join the dance floor but is too shy to do so right before hitting the big moment. The breakout moment, that is.