XRP dips as U.S. court rejects Ripple-SEC settlement bid

By: bitcoin ethereum news|2025/05/16 13:15:04
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Ripple’s attempt to finalize a settlement with the U.S. Securities and Exchange Commission has been halted after a federal judge dismissed their joint request as procedurally flawed. The decision, issued by Judge Analisa Torres of the U.S. District Court for the Southern District of New York on May 15, was first shared by attorney James Filan on X, who also posted the accompanying court documents. Filan noted that Judge Torres had “denied the parties’ motion for an indicative ruling.” The motion was deemed “procedurally improper” because it wasn’t filed under Rule 60, which requires proof of exceptional circumstances when modifying a final ruling. The rejected motion, filed on May 8, sought to dissolve an injunction and reduce a $125 million civil penalty to $50 million. Both parties had agreed to the deal as part of a broader effort to settle the case during ongoing appeals. However, the judge’s ruling effectively blocks that plan unless the motion is refiled correctly. Ripple’s chief legal officer, Stuart Alderoty, addressed the crypto community shortly after, clarifying that the court’s denial does not affect the company’s prior legal victories, including the 2023 ruling that XRP (XRP) is not a security in programmatic sales. “This is about procedural concerns with the dismissal of Ripple’s cross-appeal,” he wrote on X, emphasizing that Ripple and the SEC agree on resolving the case. Nothing in today’s order changes Ripple’s wins (i.e. XRP is not a security, etc). This is about procedural concerns with the dismissal of Ripple’s cross-appeal. Ripple and the SEC are fully in agreement to resolve this case and will revisit this issue with the Court, together. https://t.co/vBQdBD3FNe — Stuart Alderoty (@s_alderoty) May 15, 2025 Commenting on the setback, attorney Fred Rispoli added that both sides now have to “do it the hard, messy way” by formally requesting relief under the appropriate legal rule. The SEC sued Ripple in 2020 for allegedly selling XRP as an unregistered security, sparking the start of a protracted legal battle. The SEC won a partial decision in 2023 that ruled that institutional sales qualified as securities. However, it was decided that retail sales did not violate security laws. The delay has shaken market sentiment. XRP fell about 7% over the last day, while CoinGlass data indicates a 9.4% drop in open interest to $4.93 billion. As traders responded to the court’s ruling and the uncertainty it created, long positions worth over $21 million were liquidated. Traders are keeping a close eye on XRP’s next move as it retests support at $2.36. Source: https://crypto.news/xrp-dips-as-u-s-court-rejects-ripple-sec-settlement-bid-over-procedural-misstep/

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On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.


2025 Full-Year Financial Highlights


Revenue: Expected to be between $39 million and $41 million, reaching a new company high.


Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.


Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.


Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.


Core Consumer Food Business Performance


In 2025, DDC's core consumer food business maintained strong operational performance.


The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.


In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.


Bitcoin Reserve Update


In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.


As of December 31, 2025: The company holds 1,183 BTC.


As of February 28, 2026: Holdings increased to 2,118 BTC


Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC


DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."


Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation


About DDC Enterprise Limited


DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.


The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.


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