⚖️ The American justice rejects the agreement between Ripple and the SEC
Welcome to the Saturday May 17, 2025 Daily Tribune ☕️
Hello Cointribe! 🚀
Today is Saturday, May 17, 2025, and as every day from Tuesday to Saturday, we summarize the news of the last 24 hours that you should not have missed!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
Rainy 🌧️
24h crypto recap! ⏱
⚖️ The American justice rejects the agreement between Ripple and the SEC
Judge Analisa Torres rejected the negotiated agreement between Ripple and the SEC aiming to reduce the fine from 125 to 50 million dollars and to lift an injunction in effect since 2024. The decision cites a procedural error related to rule 60, necessary to modify a final judgment.
🇨🇳 A Chinese textile giant invests 800 billion dollars in Bitcoin and pro-Trump cryptos
A major textile player in China has invested 800 billion dollars in Bitcoin and cryptocurrencies associated with pro-Trump figures. This decision reflects a growing trend of Chinese investments in digital assets linked to American political personalities.
🌍 The global elite rushes to Bitcoin, according to Eric Trump
At the Consensus 2025 event in Toronto, Eric Trump stated that a global accumulation of Bitcoin is underway. This statement comes as the Trump family becomes more involved in the cryptocurrency industry, raising concerns among Democrats regarding potential conflicts of interest.
💰 FTX will pay more than 5 billion dollars to its creditors this month
On May 30, FTX will distribute more than 5 billion dollars to its creditors, with reimbursements varying between 54% and 120% depending on categories. More than 14 million crypto accounts are affected, and the BitGo and Kraken platforms will ensure distribution within 1 to 3 business days.
The crypto of the day: Cosmos Hub (ATOM)
Cosmos is a platform aimed at solving interoperability issues between blockchains. Thanks to its inter-blockchain communication protocol (IBC), it allows different blockchains to communicate and exchange data securely. The Cosmos Hub is the first blockchain of the Cosmos network, serving as the central point to connect other blockchains called "zones".
The native token ATOM is used to secure the network via the Proof-of-Stake consensus mechanism, pay transaction fees, and participate in protocol governance. ATOM holders can delegate their tokens to validators to earn rewards and vote on proposals affecting the network’s evolution.
Recent performances:
Current price: $4.77 USD
24-hour change: -3.25 %
Market capitalization: approximately 1.86 billion dollars
Rank on CoinMarketCap: #48
Ukraine prepares a strategic Bitcoin reserve
In a context of prolonged war and dependence on international aid, Ukraine is considering an unprecedented initiative: creating a national strategic reserve in Bitcoin. Driven by a partnership with Binance, the project aims to integrate digital assets into the country’s economic architecture. Beyond the symbol, it is a major geopolitical and monetary repositioning that Kyiv seems to initiate.
A monetary ambition under construction: between crisis management and long-term vision
Ukrainian deputy Yaroslav Zhelezniak recently confirmed the completion of a bill in favor of a national BTC reserve, which will soon be presented to the Rada (the Ukrainian Parliament).
Currently, Ukraine is believed to already hold more than 46,000 bitcoins — mainly coming from donations, seizures, and fundraising related to the war effort — valued close to 4.8 billion dollars.
This project fits into a logic of strategic diversification of national reserves. It aims to guard against banking system instability, while relying on the portability, transparency, and resilience of digital assets. Binance supports the initiative as a technical partner, while insisting on the need for a structured legal framework.
Persistent political obstacles, but a momentum started
Despite the political momentum, the legislative path remains complex. At the end of April, a bill on digital assets was adopted by the Rada… before being suspended under pressure from the presidential office and the market regulator. The National Securities Commission has since proposed nearly 80 amendments, illustrating institutional hesitation in face of such a structuring reform.
The stakes are multiple: securing assets, integration into public finances, flow control, and regulatory clarity. But if these barriers fall, Ukraine could become the first non-Bitcoin-producing state to integrate this asset into its national monetary strategy.
The announcement of creating a strategic Bitcoin reserve by Ukraine, in connection with Binance, marks a turning point in the recognition of digital assets as tools of sovereignty.
Beyond the immediate necessity linked to the war, this approach opens the way to a deeper mutation: that of a state equipping itself for a multipolar monetary future, less dependent on the international banking system.
A strong signal that other nations under geopolitical pressure might soon follow.
