Why Is Crypto Down Today? – July 24, 2025

The crypto market is down today. Ethereum is outperforming Bitcoin this month, and institutional investors are taking note, industry insiders say.
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Appeals Court Overturns $9M Yuga Labs Victory Against Ryder Ripps in BAYC Case

The United States Court of Appeals for the Ninth Circuit has largely overturned a district court’s $9 million judgment in favor of Bored Ape Yacht Club creator Yuga Labs, dealing a significant blow to the NFT company’s landmark trademark victory against artist Ryder Ripps.
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MIT Brothers Who Exploited MEV Bots for $25M Must Face Trial, Judge Rules

Two MIT-educated brothers accused of orchestrating the largest MEV bot exploitation in cryptocurrency history will face trial after a federal judge rejected their attempts to dismiss fraud and money laundering charges.
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Washington State Moves To Forfeit $7.1 Million Worth Of Crypto From International Fraud Scheme

U.S. officials have pursued forfeiture of $7.1 M in crypto recovered from a $97 M Crypto Scheme in which Geoffrey K. Auyeung and partners promised oil-tank rental profits, then diverted victims’ money through 81 bank and 19 crypto accounts, reaching wallets in Russia and Nigeria.
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ChatGPT’s XRP Analysis Flags Golden Cross – Is $5 XRP Imminent After Healthy Correction?

ChatGPT’s XRP Analysis has merged 42 technical indicators with corporate and Brazilian developments, judging the 7.03% slip to $3.30 as routine profit-taking. XRP remains 32% above the 200-day EMA, has formed a Golden Cross, and faces potential SEC resolution and ETF catalysts.
 
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