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One of the most shocking NFT sales of the year just happened: A trader sold CryptoPunk #3100, one of the rarest Alien Punks, and took a $10 million hit on the trade. The seller originally bought the Punk for 4,500 ETH in March 2024 – worth about $15.79 million back then. This week, they sold it for 4,000 ETH, which doesn’t sound like a huge discount at first glance… but here's the catch: The Ethereum price has dropped nearly 55% since then. The 4,000 ETH sale now equals only around $6.06 million, locking in a brutal loss, as reported by Cryptotimes . Back in March 2024, ETH was trading at $3,500. Today, it sits around $1,568 – which means the seller didn’t just lose on the NFT itself, but also on the value of the underlying crypto asset. This sharp drop is what transformed a seemingly minor ETH difference into a multi-million-dollar loss. ETH/USD price in the past week - TradingView CryptoPunk #3100 is no ordinary NFT. It’s part of the Alien Punks collection – with only 9 in existence out of 10,000 total CryptoPunks. At the time of its original purchase, it was the second-highest sale ever recorded for a Punk. This case isn’t unique. Over the past few months, many NFT investors have sold at steep losses, especially those who bought in during the 2021–2022 hype cycle. The sale of CryptoPunk #3100 underscores how volatile and speculative the NFT market can be, particularly when combined with crypto price swings. Once a booming asset class, NFTs have seen declining volumes, floor prices, and investor sentiment across major collections. Even ultra-rare tokens aren’t immune. One of the most shocking NFT sales of the year just happened: A trader sold CryptoPunk #3100, one of the rarest Alien Punks, and took a $10 million hit on the trade. The seller originally bought the Punk for 4,500 ETH in March 2024 – worth about $15.79 million back then. This week, they sold it for 4,000 ETH, which doesn’t sound like a huge discount at first glance… but here's the catch: The Ethereum price has dropped nearly 55% since then. The 4,000 ETH sale now equals only around $6.06 million, locking in a brutal loss, as reported by Cryptotimes . Back in March 2024, ETH was trading at $3,500. Today, it sits around $1,568 – which means the seller didn’t just lose on the NFT itself, but also on the value of the underlying crypto asset. This sharp drop is what transformed a seemingly minor ETH difference into a multi-million-dollar loss. ETH/USD price in the past week - TradingView CryptoPunk #3100 is no ordinary NFT. It’s part of the Alien Punks collection – with only 9 in existence out of 10,000 total CryptoPunks. At the time of its original purchase, it was the second-highest sale ever recorded for a Punk. This case isn’t unique. Over the past few months, many NFT investors have sold at steep losses, especially those who bought in during the 2021–2022 hype cycle. The sale of CryptoPunk #3100 underscores how volatile and speculative the NFT market can be, particularly when combined with crypto price swings. Once a booming asset class, NFTs have seen declining volumes, floor prices, and investor sentiment across major collections. Even ultra-rare tokens aren’t immune.

In a dramatic turn of events, Ripple Labs and the U.S. Securities and Exchange Commission (SEC) have jointly filed to pause their legal battle for 60 days — signaling that an official settlement may finally be within reach. With the case dragging on since 2020, this motion marks a potential end to one of crypto’s most influential and closely watched lawsuits. But is this truly the end of the XRP saga, or just a temporary truce? According to the motion filed on Thursday, both parties agreed to place their appeals and cross-appeals in abeyance — a legal term meaning they’re on hold — while they work toward a negotiated resolution. The filing states that doing so would conserve judicial resources while both sides finalize the terms of an “agreement-in-principle,” which still requires formal approval from the SEC. This isn’t just legal politeness. The language of the motion, including phrases like “pursue a negotiated resolution”, makes it clear that both parties are actively working toward a settlement rather than continuing an exhausting and expensive appeals process. The XRP community has long awaited closure in this multi-year case. At the heart of the lawsuit is a crucial question: Is XRP a security? A prior court ruling last year gave Ripple partial victory by stating that its programmatic sales of XRP did not constitute securities offerings, although certain institutional sales did. The fact that the SEC chose not to continue its appeal , and Ripple backed off from cross-appealing, shows both sides are ready to move forward. XRP’s modest price bump after the filing (+0.59%) reflects cautious optimism, but a confirmed settlement could send a much stronger bullish signal, not just for XRP, but for the wider altcoin market . This settlement motion didn’t happen in a vacuum. Since President Trump returned to power , his administration has moved swiftly to de-escalate tensions between regulators and the crypto industry. The SEC has dropped lawsuits against multiple firms, including Coinbase and Kraken, and has taken a softer stance on classifying cryptocurrencies. This evolving political environment appears to have influenced the SEC’s approach in the Ripple case as well. Instead of doubling down, the agency is now seeking cooperation and clarity, focusing its resources on clearer fraud cases, especially involving memecoins and unregistered schemes, rather than pursuing blanket enforcement. Yes — and that’s what makes this moment so important. Ripple v. SEC was the test case for whether crypto tokens could be deemed securities under U.S. law. A settlement — especially one that doesn’t label XRP as a security — would offer the industry a working legal framework and a psychological boost. Moreover, if the SEC finalizes the agreement-in-principle and the court signs off, this case could become the foundation for future crypto compliance — where token issuers can point to Ripple as proof that programmatic sales are not inherently illegal. The current 60-day abeyance means nothing is final — yet. The SEC still needs to approve the agreement internally, and the district court must issue an “indicative ruling” once both sides are ready. If the deal is confirmed, Ripple could close the chapter on its legal battle and redirect its focus on global expansion and institutional partnerships. For XRP, a clean legal slate could act as a launchpad for a price breakout, especially if the broader market stabilizes and altcoin sentiment improves. A confirmed settlement would remove a years-long cloud of uncertainty and potentially reignite retail and institutional interest in XRP. It looks like it. While legal caution still surrounds the case, the tone and intent of the joint motion clearly point toward settlement rather than further litigation. If this agreement holds, it won’t just impact XRP — it could reshape how the SEC engages with the entire crypto industry in 2025 and beyond. Now all eyes turn to the next 60 days — because what happens in this brief legal pause could echo across the crypto world for years. In a dramatic turn of events, Ripple Labs and the U.S. Securities and Exchange Commission (SEC) have jointly filed to pause their legal battle for 60 days — signaling that an official settlement may finally be within reach. With the case dragging on since 2020, this motion marks a potential end to one of crypto’s most influential and closely watched lawsuits. But is this truly the end of the XRP saga, or just a temporary truce? According to the motion filed on Thursday, both parties agreed to place their appeals and cross-appeals in abeyance — a legal term meaning they’re on hold — while they work toward a negotiated resolution. The filing states that doing so would conserve judicial resources while both sides finalize the terms of an “agreement-in-principle,” which still requires formal approval from the SEC. This isn’t just legal politeness. The language of the motion, including phrases like “pursue a negotiated resolution”, makes it clear that both parties are actively working toward a settlement rather than continuing an exhausting and expensive appeals process. The XRP community has long awaited closure in this multi-year case. At the heart of the lawsuit is a crucial question: Is XRP a security? A prior court ruling last year gave Ripple partial victory by stating that its programmatic sales of XRP did not constitute securities offerings, although certain institutional sales did. The fact that the SEC chose not to continue its appeal , and Ripple backed off from cross-appealing, shows both sides are ready to move forward. XRP’s modest price bump after the filing (+0.59%) reflects cautious optimism, but a confirmed settlement could send a much stronger bullish signal, not just for XRP, but for the wider altcoin market . This settlement motion didn’t happen in a vacuum. Since President Trump returned to power , his administration has moved swiftly to de-escalate tensions between regulators and the crypto industry. The SEC has dropped lawsuits against multiple firms, including Coinbase and Kraken, and has taken a softer stance on classifying cryptocurrencies. This evolving political environment appears to have influenced the SEC’s approach in the Ripple case as well. Instead of doubling down, the agency is now seeking cooperation and clarity, focusing its resources on clearer fraud cases, especially involving memecoins and unregistered schemes, rather than pursuing blanket enforcement. Yes — and that’s what makes this moment so important. Ripple v. SEC was the test case for whether crypto tokens could be deemed securities under U.S. law. A settlement — especially one that doesn’t label XRP as a security — would offer the industry a working legal framework and a psychological boost. Moreover, if the SEC finalizes the agreement-in-principle and the court signs off, this case could become the foundation for future crypto compliance — where token issuers can point to Ripple as proof that programmatic sales are not inherently illegal. The current 60-day abeyance means nothing is final — yet. The SEC still needs to approve the agreement internally, and the district court must issue an “indicative ruling” once both sides are ready. If the deal is confirmed, Ripple could close the chapter on its legal battle and redirect its focus on global expansion and institutional partnerships. For XRP, a clean legal slate could act as a launchpad for a price breakout, especially if the broader market stabilizes and altcoin sentiment improves. A confirmed settlement would remove a years-long cloud of uncertainty and potentially reignite retail and institutional interest in XRP. It looks like it. While legal caution still surrounds the case, the tone and intent of the joint motion clearly point toward settlement rather than further litigation. If this agreement holds, it won’t just impact XRP — it could reshape how the SEC engages with the entire crypto industry in 2025 and beyond. Now all eyes turn to the next 60 days — because what happens in this brief legal pause could echo across the crypto world for years.

The crypto market took another brutal hit today, as President Donald Trump announced a fresh round of tariffs on Chinese imports, raising duties and tariffs, now totaling 145%, including previous measures. Notably, China is being excluded from a 90-day global tariff pause, adding fuel to an already tense trade standoff. Markets reacted sharply. In just the past hour, Bitcoin dropped 3%, Ethereum plunged 7%, Solana slipped 6%, and XRP fell 4%. Overall, the crypto market cap fell by 4%, erasing yesterday’s temporary recovery. Traders see the U.S.-China tariff escalation as a threat to global economic stability. The aggressive stance on China — while temporarily easing tensions with other nations — has increased investor uncertainty, pushing capital out of high-risk assets like cryptocurrencies. Risk-off sentiment is clearly back, and crypto is once again caught in the crossfire of macro geopolitics. --> Trade Cryptos now with Bitget , open an account using our link to get 100% transaction fee rebates in BGB on your first transaction <-- In a surprising turn, China and the European Union announced plans to begin negotiations aimed at removing EU tariffs on Chinese electric vehicles (EVs). The move signals a potential shift toward diplomacy, at least between China and key global partners outside the U.S. While it’s too early to say whether this could influence U.S.-China relations, any sign of a broader trade de-escalation might quickly revive risk appetite — and with it, crypto prices . If the U.S. and China move toward re-opening trade negotiations, analysts believe crypto markets could see an immediate reversal. Risk assets have been reacting almost instantly to macro headlines, and a resolution — or even progress toward one — could drive: However, the longer uncertainty lingers, the more likely crypto stays under pressure. The crypto market took another brutal hit today, as President Donald Trump announced a fresh round of tariffs on Chinese imports, raising duties and tariffs, now totaling 145%, including previous measures. Notably, China is being excluded from a 90-day global tariff pause, adding fuel to an already tense trade standoff. Markets reacted sharply. In just the past hour, Bitcoin dropped 3%, Ethereum plunged 7%, Solana slipped 6%, and XRP fell 4%. Overall, the crypto market cap fell by 4%, erasing yesterday’s temporary recovery. Traders see the U.S.-China tariff escalation as a threat to global economic stability. The aggressive stance on China — while temporarily easing tensions with other nations — has increased investor uncertainty, pushing capital out of high-risk assets like cryptocurrencies. Risk-off sentiment is clearly back, and crypto is once again caught in the crossfire of macro geopolitics. --> Trade Cryptos now with Bitget , open an account using our link to get 100% transaction fee rebates in BGB on your first transaction <-- In a surprising turn, China and the European Union announced plans to begin negotiations aimed at removing EU tariffs on Chinese electric vehicles (EVs). The move signals a potential shift toward diplomacy, at least between China and key global partners outside the U.S. While it’s too early to say whether this could influence U.S.-China relations, any sign of a broader trade de-escalation might quickly revive risk appetite — and with it, crypto prices . If the U.S. and China move toward re-opening trade negotiations, analysts believe crypto markets could see an immediate reversal. Risk assets have been reacting almost instantly to macro headlines, and a resolution — or even progress toward one — could drive: However, the longer uncertainty lingers, the more likely crypto stays under pressure.

BlackRock’s BUIDL fund has seen rapid growth in the past few weeks, showing growing recognition of blockchain’s role in tradFi. The investor appetite for blockchain-based securities is growing, despite a market downturn. On Friday, April 11, BlackRock’s BUIDL fund surpassed $2.1 billion in assets under management on Ethereum ( ETH ). These funds account for 90.5% of all BUIDL tokens across the seven chains it supports. BREAKING: The BlackRock BUIDL fund's AUM on @ethereum surpassed $2 billion. BUIDL is currently available on 7 chains, with ~90.5% of the fund's AUM tokenized on Ethereum. pic.twitter.com/V3WeHVDp9Y The BUIDL fund has seen rapid growth in the past few weeks, rising from around $500 million in AUM to its current level of over $2 billion. Interestingly, this growth began just as fears over the ongoing trade war were rocking the markets. As stocks and crypto took a tumble, investors looked for safer, yield-bearing instruments like U.S. treasuries. The BUIDL fund, which generates yield through treasuries, was one of the beneficiaries of this shift. What is more, treasury yields are on the rise, with 10-year U.S. treasuries rising 13 basis points on April 11. While economic uncertainty is causing a panic in the U.S. bond market, especially overseas, higher yields will likely attract domestic investors. The growth of the BUIDL fund’s AUM showcases the increasing recognition of blockchain’s potential in traditional finance. Notably, BUIDL tokens are much more akin to traditional financial instruments than altcoins. Unlike most other crypto tokens, BUIDL tokens are explicitly securities, and regulations apply to their trade. For example, traders must pass a strict KYC process to hold and trade the tokens. They generate yield for holders through investment in U.S. treasuries. At the same time, the funds benefit from blockchain and asset tokenization, which make them more efficient compared to similar off-chain instruments. The platform boasts instantaneous and transparent settlement, leveraging blockchain tech for that purpose. It also features programmable compliance, with its smart contracts designed to adhere to regulations.

U.S. CPI inflation has fallen below 3% (a four-year first), started a strong market rally in stocks and crypto. Bitcoin rose over 2% following the news, with many altcoins moving higher as well. One altcoin in particular, showed exceptional performance. After a long stretch of quiet trading and bearish sentiment, XCN has made a comeback in recent days—delivering one of the most impressive rallies in the current crypto cycle. The token surged to a high of $0.023 on Friday, lifting its market capitalization to over $750 million. Trading volume climbed sharply with the price, showing fresh investor interest. Year-to-date, XCN is up by 821%, including a 78% gain in the past 24 hours alone. Launched in 2022, XCN is quickly gaining traction with recent developments including an ambassador program, new partnerships, and ecosystem expansion. The project is building out its ecosystem, planning the launch of Goliath , a Layer 1 blockchain designed for institutional use. Related: Taxing Times in Ukraine: Crypto Cash-Outs Face 23%, Trading Exempt According to Onyx, Goliath aims to process up to 24,000 transactions per second, rivaling legacy payment networks like Visa. The broader Onyx ecosystem also includes the XCN Ledger, a Layer 3 solution with a testnet scheduled for Q3 2025 and a mainnet launch in early 2026. The recent rally has been one of the biggest in the market, with the price quickly breaking through important resistance levels—first at $0.015 and then above the $0.018 to $0.020 area. The next possible target zone is between $0.025 and $0.027. If trading volume stays high, the next likely price target is between $0.025 and $0.027 and if the momentum continues further, there’s a chance XCN could even retest the $0.035 level. Related: Tariff Shock Reveals a Two-Tier Crypto Market: BTC vs Everyone Else? Even with the recent run, XCN trades far below its all-time high value. The token’s peak market cap hit $7.41 billion, compared to about $750 million now—almost a 10x difference. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.