What a $20 Billion Ripple IPO Could Mean for XRP Holders | US Crypto News

The legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), which started in 2020, has continued to linger. However, today, Aug. 7, 2025, might prove crucial as the regulatory body is set to deliberate on its decision to withdraw its Ripple lawsuit appeal.

Ripple lawsuit decision may set precedent for crypto regulation

In an update shared by Scott Melker, The Wolf of All Streets, in a matter of hours, the SEC will discuss internally whether to accept the withdrawal. This suggests that the regulatory body will likely accept Ripple’s stance or respond with further action.

Notably, the SEC vs. Ripple case remains one of the most high-profile crypto legal battles, and the decision will impact the crypto sector. It might serve as a reference point for future lawsuits between Web3 firms and crypto regulators.

The SEC meeting today remains pivotal ahead of the approaching deadline. As U.Today reported, the next status report is due on Aug. 15, with anticipation high in the broader crypto sector and particularly among the XRP community.

As per the timeline, if Ripple and the SEC dismiss their appeal before Aug. 15, then the case is essentially over. However, if, after today’s meeting, the SEC decides against Ripple, the case might linger for much longer.

XRP price gains despite Ripple-SEC legal uncertainty

Despite the ongoing lawsuit, Ripple continues to perform well in the financial space. The company recently ranked as the 23rd biggest private entity by market capitalization, with a value of $15 billion. Ripple outperformed notable Swedish fintech company Klarna, which boasts of $14.5 billion.

Meanwhile, on the broader crypto market, Ripple’s associated digital currency, XRP, has recorded significant gains ahead of the SEC decision. As of press time, XRP is changing hands at $3.04, reflecting a 2.16% increase in the last 24 hours.

However, the trading volume remains in the red zone, down by 5.35% at $4.8 billion. 

The Shiba Inu burn rate has recently witnessed a 3,464% spike, with 9,614,765 SHIB gone in a matter of hours.

According to Shibburn, 9,614,765 SHIB were burned in the last 24 hours, resulting in a significant surge in daily burn rate.

This sudden spike in SHIB burns has triggered attention in the SHIB community. While the amount burned might seem small relative to SHIB's total supply, the large percentage rise in burn rate is what is getting people's attention.

Several single transactions accounting for hundreds of thousands of SHIB each accounted for the total burn figure. Although the identity of the sending wallets remains unknown, these kinds of coordinated burns often reflect strong community sentiment.

Meanwhile, 23,317,751 SHIB were destroyed in the last seven days. The prior week, the ecosystem had a 16,855.93% increase in the burn rate in one day, burning 602 million tokens.

A total of 410,752,089,360,220 SHIB had been burned from the cryptocurrency's initial one quadrillion token supply. This leaves the cryptocurrency market with 584,612,601,558,519 SHIB in circulation.

SHIB price jumps 4%

Around press time, Shiba Inu was up 4% in the last 24 hours to $0.00001258, reflecting a broader rise in the crypto market.

Cryptocurrencies jumped Thursday on speculation that Bitcoin and other digital assets could soon be added to 401(k) retirement plans.

An executive order allowing 401(k) accounts to invest in alternative assets such as private equity, real estate and digital assets is expected to be revealed soon, marking the most significant move yet to introduce private assets to defined-contribution plans.

Shiba Inu is currently battling resistance at the daily SMA 50 at $0.00001267 ahead of the daily SMA 200 at $0.00001375. If surmounted, Shiba Inu might kickstart its next leg of uptrend. On the other hand, support lies at $0.0000116.

Dogecoin , probably the most popular meme coin, is once again testing what analyst Ali Martinez called a "historical buy zone." This is the same ascending range that has preceded every major upward cycle in DOGE's price history, including the crazy 2017 and 2021 breakouts.

The latest weekly figures suggest that DOGE is sitting just above $0.20, right on the lower boundary of a well-established parallel channel that has been around since 2015.

This zone has only been touched a few times in the last 10 years, but each time it has been the start of a big upward move — like a 9,237% rally in 2017, followed by a 13,337% breakout in 2021. In both cases, Dogecoin briefly stabilized near the bottom of the channel before shooting up to the top.

What is interesting is that the structure has not changed. Even though the crypto market has been all over the place and the narratives have been changing, DOGE has been holding this rising channel for over 10 years. 

The latest touch — now the fourth since early 2023 — comes after a 243% rally earlier this cycle, also triggered from the same support region.

Resistance for DOGE

It looks like the resistance is still at $0.34 to $0.45, which is where the previous rallies lost momentum. But DOGE's current positioning suggests a good risk-to-reward ratio for those watching the big picture rather than daily headlines. 

Historically, every time the market has tested this lower band, it has always moved in a new direction.

The next few weeks will be important to see if the trend keeps going and if DOGE can build on this. With the market getting more liquid and money moving into older altcoins, Dogecoin might be about to enter a phase it is familiar with — one that usually does not stay quiet for long.

Institutional adoption of decentralized finance (DeFi) and asset tokenization remains limited, despite years of infrastructure development and recent regulatory progress, according to JPMorgan analysts.

DeFi total value locked (TVL) still hasn’t recovered to 2021 highs, the analysts led by managing director Nikolaos Panigirtzoglou said in a report Wednesday, suggesting stagnation or slower recovery since the 2022 market collapse. Most DeFi usage continues to come from retail and crypto-native participants, with little involvement from traditional institutions despite the rise of compliance features like KYC-gated vaults and permissioned lending pools, they said.

The analysts highlight three key barriers to adoption: lack of harmonized cross-border regulations, lack of legal clarity on onchain investments, and lack of assurances on smart contract enforceability or protocol security and reliability. As a result, institutional crypto adoption has largely focused on bitcoin investment products, the analysts noted.

They acknowledged that recent and future regulatory shifts — such as the U.S. Securities and Exchange Commission's "Project Crypto" — could improve participation by modernizing compliance for token-based trading. However, they added that it remains to be seen how effective regulations would be in addressing traditional institutional investors' hurdles and concerns.

Tokenization 'hype'

As for tokenization, despite the "hype" around it, the total amount of tokenized assets at around $25 billion currently remains "rather insignificant" and primarily driven by crypto-native firms and hedge funds, the analysts said.

Even in areas where tokenization adds tangible benefits to traditional investors — such as intraday liquidity in repo markets or automated settlements for bonds — adoption has been slow. Over 60 tokenized bonds worth a combined $8 billion have been issued, but most see little to no secondary trading, "rendering these tokenized bond efforts rather experimental," according to the analysts. Tokenized money market funds like BlackRock’s BUIDL have gained traction, but recent outflows show momentum is lacking, they added.

In private assets as well, the hype about tokenization seems "rather exaggerated to us," the analysts said. While the $15 billion of reported tokenized private credit seems significant, it is concentrated among a few players and lacks a real secondary market, they added.

"In our mind, in addition to the regulatory and legal hurdles, this rather disappointing picture on tokenization also reflects traditional investors not seeing a need for it thus far," the analysts noted. "The traditional financial system aided by fintech is evolving towards faster and cheaper settlements and payments, reducing the need for blockchain-based systems."

They also highlighted that institutional investors may be reluctant to move equity or bond trading onchain due to transparency concerns. Blockchains can expose trading strategies, whereas "dark pools" offer protection from detection or front-running. This preference is reflected in the growing share of off-exchange trading in U.S. equities, they said.

Meanwhile, tokenized bank deposits also have yet to gain traction. The analysts said there’s evidence so far of banks or customers shifting deposits onto blockchain-based rails, largely because the traditional system already allows fast, electronic settlement between deposits and financial assets. In short, fintech advancements have reduced the perceived need for blockchain-based alternatives.

Tokenizing private assets

As for private assets like private equity or private credit, investors typically hold positions until maturity and may prefer the lack of daily price updates. In those cases, a transparent blockchain-based market with constant trading may not be attractive.

For private assets such as private equity and private credit — which are typically held to maturity and benefit from return smoothing due to the lack of mark-to-market pricing — many traditional investors may question the appeal of tokenizing these assets on transparent blockchains with active secondary markets, according to the analysts.

Overall, JPMorgan said the "disappointing" progress in both DeFi and tokenization reflects not only regulatory barriers, but also a broader lack of perceived value among traditional investors.

JPMorgan itself is one of the most advanced U.S. banks in blockchain adoption, having developed multiple initiatives over the years. JPMorgan's blockchain business unit, Kinexys (formerly Onyx), houses four main components: Kinexys Digital Payments, a blockchain-based deposit and payments rail; Kinexys Digital Assets, for asset tokenization; Kinexys Liink, a permissioned network for payments information; and Kinexys Labs, the unit's dedicated blockchain research arm.

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The crypto market is seeing strong upward movement today, with prices climbing across major coins. In the past 24 hours, the total market capitalization has grown to around $3.83 trillion, rising by 2.75 percent. Ethereum is also making headlines, jumping nearly 6 percent in one day. It’s now trading at $3,821 with a market cap of $461 billion. Experts are now looking for a possible break above $4,000, which could lead to a push toward $4,400 or higher.

One of the biggest headlines of the day comes from Ripple. Ripple has agreed to acquire stablecoin platform Rail in a deal worth $200 million. The move is seen as part of Ripple’s wider push into the stablecoin market and payments infrastructure. Following the news, XRP has jumped over 3 percent in 24 hours and is now trading at $3.04.

Some analysts say this could push XRP even higher, especially if the acquisition leads to new partnerships or regulatory clarity.

Bitcoin is currently trading at $116,474, up nearly 2 percent. Though its pace is slower compared to altcoins, Bitcoin remains strong with a market cap of over $2.3 trillion. A clean break above $120,000 could attract fresh buying interest.

Across the market, other top altcoins are also starting to rise. Solana has climbed to $170, Dogecoin is now above $0.21, and Cardano is trading at $0.76. Sui has surged to $3.72, and Chainlink is sitting at $17.62 with a strong 7 percent gain today.

The Fear and Greed Index is at 54, showing a neutral sentiment. However, the rising interest in altcoins is pushing the Altcoin Season Index up to 36, hinting that more traders are exploring tokens beyond Bitcoin.

A growing number of workers are now getting paid in crypto. In 2023, just 3% of those surveyed said part of their salary arrived as digital tokens. By 2024, that share jumped to 9.6%.

This shift comes as blockchain firms and DAOs explore new ways to handle cross-border pay. Reports have disclosed that purely fiat payments fell from 95% to 85% over the same period.

Rise In Crypto Payroll

According to Pantera Capital’s 2024 Blockchain Compensation Survey, USDC leads the pack. It now makes up over 60% of all crypto wages.

USDT trails with 28%. Smaller slices go to Solana at 1.9% and Ethereum at 1.3%. These numbers point to stablecoins becoming a regular tool for payroll. That’s a big change from just a year ago.

Many companies are drawn by faster settlement times and lower fees. And workers in regions with shaky banking systems see real benefit.

Reports have disclosed that Asia-based teams and contractors are among the biggest drivers of this trend. They often rely on stablecoins to avoid high transfer costs or strict local rules.

A handful of firms now let staff split pay between cash and crypto. This hybrid model gives people the freedom to hold tokens or spend fiat. It also helps those who want to dollar-cost average into crypto markets.

Pantera’s data shows these arrangements are on the rise, though full-crypto pay remains rare.

Stablecoin Salaries Soar

Circle’s decision to publish monthly reserve reports has strengthened trust in USDC. The company even secured access to US Treasuries for its backing.

That transparency helps explain why more payroll departments pick USDC over other coins. Tax teams also get clearer data when they see monthly reserve disclosures.

Behind the scenes, better payroll platforms and accounting tools have made on-chain payments simpler. Real-time rails now link digital wallets to corporate treasuries. And more firms are building internal processes to track taxable events.

Based on reports from industry insiders, this is only the beginning. As more crypto-native companies formalize their operations, they’ll need reliable ways to pay people.

And wider acceptance by regulators could give traditional firms the confidence to join in.

Featured image from Young Platform, chart from TradingView