Lido Token Bounces Back From All-Time Low Amid $20 Million Buyback Plan

The SEC and Ripple Labs Inc. have closed their legal dispute over the sale of XRP tokens, with both parties withdrawing their appeals and agreeing to bear their own legal costs. Ripple will pay a $125 million civil penalty placed in escrow, to be transferred to the U.S. Treasury.

The Winklevoss twins have invested in American Bitcoin Corp., a mining company linked to President Donald Trump's sons, through a private placement involving Bitcoin. The company, which recently announced plans for a public listing, purchased $2 billion worth of Bitcoin for its treasury earlier this summer.

A long-dormant Bitcoin whale recently moved 3,000 BTC, valued at over $349 million, after a decade of holding. This movement is part of a trend involving dormant whales, with one selling over 80,000 BTC last month.

The expected executive order allowing Americans to add Bitcoin and Ethereum to their 401(k) retirement accounts has caused a surge in the crypto market. Analysts predict billions of dollars flowing into digital assets, creating a more stable price floor.

Sharplink Gaming plans to raise $200 million to add Ethereum to its corporate treasury, with shares priced at $19.50 each. The company aims to hold 1% of all Ethereum in circulation, attracting institutional investors.

Ripple CTO David Schwartz believes the XRP Ledger's Ethereum sidechain could attract fresh talent and foster experimentation within the ecosystem. The XRPL EVM Sidechain allows for smart contracts and applications similar to Ethereum, using XRP as its native token.

Paxos Trust will pay a $26.5 million penalty to New York State for issues related to its partnership with Binance. The charges included lack of due diligence and anti-money laundering program failures. Paxos has since remediated the historical compliance issues.

Ripple announced a $200 million acquisition of Toronto-based payments platform Rail to enhance its stablecoin services. The deal will enable Ripple to offer virtual accounts and streamline operations, catering to global customers' money transfer needs.

Cyber scammers are targeting TikTok users with a new campaign called "ClickTok," using fake ads and AI-generated clips to lure victims to fraudulent websites. These sites aim to steal user credentials and distribute trojanized apps, with more than 10,000 fake sites identified so far.

Ethereum, Solana, and XRP are leading the crypto market rebound, with Ethereum climbing 7.3% to $3,856.26. President Trump is reportedly set to sign an executive order allowing cryptocurrencies in 401(k)s.