Today in crypto, an appellate court has paused the SEC’s case against Ripple as settlement talks progress. The SEC's case, initiated in December 2020, has been temporarily paused for 60 days while both parties negotiate. Additionally, a report from Coinbase reveals a sharp contraction in the crypto market, predicting a potential rebound by late 2025. The report highlights that the altcoin market cap has decreased significantly, and venture capital funding for crypto projects has plummeted by 50%–60% since 2021. Coinbase's analysis suggests that extreme negative sentiment may indicate the onset of a new 'crypto winter.' Furthermore, Strive Asset Management is advocating for Intuit to invest in Bitcoin after successfully persuading GameStop to do the same. Strive CEO Matt Cole emphasized that Bitcoin could serve as a hedge against market disruptions, especially given the threats posed by artificial intelligence to Intuit's core operations like TurboTax.

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