波紋：XRP無法跟上比特幣運行

先鋒加密資產在周四達到了一個新的高位，在$ 111K的電阻線上跌至XRP以下，而漫步在$ 2.5的電阻線以下

The price of cryptocurrency continues to be a hot topic, especially with the recent decision by a US judge to dismiss the SEC's request for an indicative ruling on the terms of the settlement with Ripple. The agency had asked Judge Analisa Torres to reduce the $125 million fine and to ban the sale of XRP to institutional investors. However, Judge Torres denied the request, stating that it was not filed following Rule 60.

加密貨幣的價格仍然是一個熱門話題，尤其是在美國法官最近決定駁回SEC要求對與Ripple解決條款的指示性裁決的要求。該機構已要求Analisa Torres法官減少1.25億美元的罰款，並禁止將XRP出售給機構投資者。但是，托雷斯法官否認了該請求，並指出該請求不是根據第60條提出的。

The SEC's request came after Judge Torres ruled in July that the SEC's claims against Ripple were partially granted and partially denied. The agency had sued Ripple in 2020, alleging that the company raised $1.3 billion through an unregistered securities offering of XRP. Judge Torres agreed with the SEC that the sale of XRP to institutional investors was an unregistered securities offering but disagreed with the agency's assertion that the sale of XRP to retail investors was also an unregistered securities offering.

SEC的要求是在托雷斯法官在7月裁定SEC對Ripple的主張部分被部分批准並部分否認之後提出的。該機構在2020年起訴Ripple，指控該公司通過XRP的未註冊證券籌集了13億美元。托雷斯法官同意美國證券交易委員會的觀點，即向機構投資者出售XRP是一項未註冊的證券，但不同意該機構的主張，即將XRP出售給零售投資者也是未註冊的證券。

The recent court decision also raises another significant issue. The SEC may decide to vote on whether to dismiss the appeal, regardless of the settlement’s outcome, especially if Ripple chooses to withdraw its cross-appeal.

最近的法院裁決也提出了另一個重大問題。 SEC可以決定就是否駁回上訴進行投票，而不管該和解的結果如何，特別是如果Ripple選擇撤回其交叉上訴。

Moreover, the SEC is expected to make a decision on two spot ETF applications today. However, there might be further delays in the review process. Recently, the SEC postponed its review of Grayscale's XRP Trust conversion and the Franklin XRP Fund.

此外，預計SEC將對當今的兩個位置ETF申請做出決定。但是，審核過程可能會有進一步的延遲。最近，SEC推遲了對Grayscale的XRP Trust Conversion和Franklin XRP基金的評論。

The fate of Bitcoin (BTC) and major altcoins

比特幣（BTC）和主要山寨幣的命運

The pioneer cryptocurrency rose above the $111K resistance line on Thursday, May 22, as the GENIUS Act’s progress chipped away at the potential for Congress to pass the Bitcoin Act.

5月22日星期四，《天才法案》（Genius Act）對國會通過《比特幣法案》（Bitcoin Act）的潛力，先鋒加密貨幣在5月22日（星期四）的抵抗線上上升。

The optimists’ predictions came to pass as Senate Bill 21, also known as the Texas Strategic Bitcoin Reserve and Investment Act, was approved by Texas on Monday, May 21.

樂觀主義者的預測是通過德克薩斯州於5月21日星期一批准的，參議院第21號法案（也稱為德克薩斯戰略比特幣儲備法和投資法案）通過。

Once Governor Greg Abbott signs the bill into law, the state can establish a special treasury fund to invest in cryptocurrencies, including Bitcoin.

一旦州長格雷格·雅培（Greg Abbott）將該法案簽署為法律，該州就可以建立一個特殊的財政基金，以投資於包括比特幣在內的加密貨幣。

The news comes as the SEC requested an indicative ruling on the terms of the case’s settlement, but Judge Analisa Torres denied their request. The agency had asked Judge Torres to reduce the $125 million fine and to ban the sale of XRP to institutional investors. Due to a procedural error, Judge Torres denied the SEC’s request, stating that it was not filed following Rule 60.

該消息是因為SEC要求對案件解決條款做出指示裁決，但Analisa Torres法官否認了他們的要求。該機構已要求托雷斯法官減少1.25億美元的罰款，並禁止將XRP出售給機構投資者。由於程序錯誤，托雷斯法官否認了SEC的要求，並指出該要求未遵循規則60。

The SEC's request for an indicative ruling came after Judge Torres ruled in July that the SEC's claims against Ripple were partially granted and partially denied. The agency had sued Ripple in 2020, alleging that the company raised $1.3 billion through an unregistered securities offering of XRP. Judge Torres agreed with the SEC that the sale of XRP to institutional investors was an unregistered securities offering but disagreed with the agency's assertion that the sale of XRP to retail investors was also an unserurities offering.

在托雷斯法官在7月裁定SEC對Ripple的主張被部分批准並部分否認之後，SEC的要求裁定的要求是在7月裁定的。該機構在2020年起訴Ripple，指控該公司通過XRP的未註冊證券籌集了13億美元。托雷斯法官同意美國證券交易委員會的觀點，即向機構投資者出售XRP是一項未註冊的證券，但不同意該機構的主張，即將XRP出售給零售投資者也是一種不明顯的產品。

The recent court decision also raises another significant issue. The SEC may decide to vote on whether to dismiss the appeal, regardless of the settlement’s outcome, especially if Ripple chooses to withdraw its cross-appeal.

最近的法院裁決也提出了另一個重大問題。 SEC可以決定就是否駁回上訴進行投票，而不管該和解的結果如何，特別是如果Ripple選擇撤回其交叉上訴。

Moreover, the SEC is expected to make a decision on two spot ETF applications today. However, there might be further delays in the review process. Recently, the SEC postponed its review of Grayscale's XRP Trust conversion and the Franklin XRP Fund.

此外，預計SEC將對當今的兩個位置ETF申請做出決定。但是，審核過程可能會有進一步的延遲。最近，SEC推遲了對Grayscale的XRP Trust Conversion和Franklin XRP基金的評論。

The weekly Golden Cross of XRP/BTC

XRP/BTC的每周金十字架

The occurrence of the weekly Golden Cross usually precedes XRP outperforming BTC. This crossover suggests that the trend may be shifting back in XRP’s favor, potentially sparking a surge in investor interest.

每週的金十字架的發生通常比XRP的表現優於BTC。這種跨界表明，這種趨勢可能正在轉移到XRP的支持下，這有可能激發投資者的興趣激增。

Activity within the XRP Ledger ecosystem is spiking at this signal’s occurrence. Messari reports this quarter saw a 142% increase in active addresses and a 304% surge in RLUSD’s market capitalization.

XRP Ledger生態系統中的活動在此信號的發生處峰值。梅薩里（Messari）在本季度報告說，主動地址增加了142％，RLUSD的市值增加了304％。

With improved fundamentals and heightened institutional recognition of the network, the Golden Cross is not isolated in this context; rather, it is part of a larger dynamic.

隨著基本面的改善和對網絡的機構認可的增強，在這種情況下，金十字並非孤立。相反，它是更大動態的一部分。