Today in crypto, a US judge rejected a joint request from Ripple and the SEC to reduce a $125 million civil penalty related to XRP sales categorized as securities transactions. Judge Analisa Torres upheld the original ruling, stating it complied with federal securities laws. In another development, Galaxy Digital successfully raised $175 million for its first externally backed venture fund, focusing on early-stage crypto startups and aiming to invest in growth sectors such as stablecoins and financial services. Meanwhile, Invesco has become the ninth firm to file for a spot Solana ETF, which would directly hold Solana and is expected to trade on the Cboe BZX exchange. Analysts predict a 90% chance of ETF approval within the next month, ahead of an October 10 deadline.

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