波纹：XRP无法跟上比特币运行

先锋加密资产在周四达到了一个新的高位，在$ 111K的电阻线上跌至XRP以下，而漫步在$ 2.5的电阻线以下

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.

加密货币的价格仍然是一个热门话题，尤其是在美国法官最近决定驳回SEC要求对与Ripple解决条款的指示性裁决的要求。该机构已要求Analisa Torres法官减少1.25亿美元的罚款，并禁止将XRP出售给机构投资者。但是，托雷斯法官否认了该请求，并指出该请求不是根据第60条提出的。

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对Ripple的主张部分被部分批准并部分否认之后提出的。该机构在2020年起诉Ripple，指控该公司通过XRP的未注册证券筹集了13亿美元。托雷斯法官同意美国证券交易委员会的观点，即向机构投资者出售XRP是一项未注册的证券，但不同意该机构的主张，即将XRP出售给零售投资者也是未注册的证券。

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.

最近的法院裁决也提出了另一个重大问题。 SEC可以决定就是否驳回上诉进行投票，而不管该和解的结果如何，特别是如果Ripple选择撤回其交叉上诉。

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，预计SEC将对当今的两个位置ETF申请做出决定。但是，审核过程可能会有进一步的延迟。最近，SEC推迟了对Grayscale的XRP Trust Conversion和Franklin XRP基金的评论。

The fate of Bitcoin (BTC) and major altcoins

比特币（BTC）和主要山寨币的命运

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）对国会通过《比特币法案》（Bitcoin Act）的潜力，先锋加密货币在5月22日（星期四）的抵抗线上上升。

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.

乐观主义者的预测是通过德克萨斯州于5月21日星期一批准的，参议院第21号法案（也称为德克萨斯战略比特币储备法和投资法案）通过。

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

一旦州长格雷格·雅培（Greg Abbott）将该法案签署为法律，该州就可以建立一个特殊的财政基金，以投资于包括比特币在内的加密货币。

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.

该消息是因为SEC要求对案件解决条款做出指示裁决，但Analisa Torres法官否认了他们的要求。该机构已要求托雷斯法官减少1.25亿美元的罚款，并禁止将XRP出售给机构投资者。由于程序错误，托雷斯法官否认了SEC的要求，并指出该要求未遵循规则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对Ripple的主张被部分批准并部分否认之后，SEC的要求裁定的要求是在7月裁定的。该机构在2020年起诉Ripple，指控该公司通过XRP的未注册证券筹集了13亿美元。托雷斯法官同意美国证券交易委员会的观点，即向机构投资者出售XRP是一项未注册的证券，但不同意该机构的主张，即将XRP出售给零售投资者也是一种不明显的产品。

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.

最近的法院裁决也提出了另一个重大问题。 SEC可以决定就是否驳回上诉进行投票，而不管该和解的结果如何，特别是如果Ripple选择撤回其交叉上诉。

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，预计SEC将对当今的两个位置ETF申请做出决定。但是，审核过程可能会有进一步的延迟。最近，SEC推迟了对Grayscale的XRP Trust Conversion和Franklin XRP基金的评论。

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.

每周的金十字架的发生通常比XRP的表现优于BTC。这种跨界表明，这种趋势可能正在转移到XRP的支持下，这有可能激发投资者的兴趣激增。

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生态系统中的活动在此信号的发生处峰值。梅萨里（Messari）在本季度报告说，主动地址增加了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.

随着基本面的改善和对网络的机构认可的增强，在这种情况下，金十字并非孤立。相反，它是更大动态的一部分。