š„ ProShares will launch its XRP Futures ETF on July 18, giving institutional investors exposure to XRP futures contracts via a new SEC filing. The news has reignited momentum ā $XRP is up ~25% this week. #BTC120kVs125kToday #Xrpš„š„ #XRPRealityCheck
Crypto Market Overview š¹$BTC Current Price: $104,081 Daily Change: +0.34% Analysis: Bitcoin is hovering around $104,000, showing signs of stability after recent gains. Some on-chain indicators suggest a possible slowdown, reminiscent of the 2021 ādouble topā pattern => Institutional demand and bullish sentiment could push BTC to new highs. Could rise to around $113,431 (+9.42%) š¹$ETH Current Price: $2,623 Daily Change: +4.13% Analysis: ETH has rebounded strongly from below $2,100 earlier this month. Itās currently consolidating below the critical $2,700 resistance level, a major psychological and technical barrier. => Reaching this key level could confirm a longer-term bullish breakout. If ETH breaks the $2,700 resistance, it could continue its upward trend š¹$XRP Current Price: $2.62 Daily Change: +3.15% Analysis: XRP is up 20% this month, recently hitting a 2-month high of $2.65. The surge is fueled by regulatory optimism and ETF speculation => Momentum is supported by technical trends and ETF speculation. Could hit $2.85 by June and potentially reach $5.50 by year-end, with long-term projections between $10ā$20 by 2030 š¹ Altcoins LaunchCoin: Up 230% in 24 hours, driven by positive sentiment and community activity Sonic: Up 22% this month; the upcoming sharding upgrade on May 15 could drive it to $0.74 ARB: Up 51% in five days; however, a large token unlock on May 16 may cause volatility. ā ļø Key Risks Profit-Taking: After sharp gains, short-term pullbacks may occur. Macroeconomic Events: CPI data and interest rate decisions could shift investor sentiment š§ Expert Insights QCP Group: Highlighted increasing volatility due to macroeconomic uncertainty and upcoming regulatory decisions Sumit Gupta: Views 2025 as a foundational year for global crypto adoption, with Bitcoin playing a central role in future financial systems. ā Conclusion Investors should stay cautious of potential short-term corrections due to profit-taking and macro events. Watching key support and resistance levels will be crucial for making smart investment decisions.
šŖĀ Crypto Market Overview $BTC Current Price: AroundĀ $96,887, upĀ 3.39%Ā over the past 24 hours. Forecast: Expected to hitĀ $121,243Ā byĀ May 12, aĀ 24.86%Ā increase in five days. Reasons for Price Surge: Optimism over U.S.āChina trade talks and anticipation of the FOMC meeting. $ETH Current Price: AroundĀ $1,829.77, trading in the $1,800ā$1,850 range. Network Upgrade: Ethereum activates theĀ Pectra upgrade, raising staking limit toĀ 2,048 ETHĀ and enhancing wallet user experience. Technical Analysis: A bullish pennant breakout pattern suggests ETH could rally toĀ $2,250. $XRP Major News:Ā CME GroupĀ announces the launch ofĀ XRP futuresĀ onĀ May 19, signaling rising institutional interest.
āļøĀ Regulatory and Legal Developments United States GENIUS Act: A majorĀ stablecoin regulation billĀ is set for Senate vote onĀ May 8. It faces opposition from Democrats over alleged conflicts of interest tied toĀ former President Trumpās family. Congressional Hearing Disrupted: A House hearing on crypto market structure was disrupted by protests over Trump-linked crypto ties. Europe ECB Initiative: TheĀ European Central Bank (ECB)Ā partners with the private sector to accelerate the rollout of theĀ digital Euro, aiming to modernize the payment system and increase competitiveness.
š§ Ā Investment and Technology Trends Institutional Adoption: Large financial institutions are increasing their investments in crypto, driving mass adoption and pressuring regulators to clarify rules. Market Outlook: According to Research and Markets, crypto markets are expected to reach new all-time highs in 2025, driven byĀ regulatory clarity,Ā institutional participation, andĀ cyclical growth.
#USStablecoinBill #MarketPullback The US Securities and Exchange Commission (SEC) has yet to decide on approving any new altcoin ETFs, despite the growing number of applications.
šŖšŗLATEST: #TetherCEO defends skipping MiCA, calling EU stablecoin rules āvery dangerous.ā Ardoino: āThe European Central Bank is more interested in pushing the digital euro to control people and how they spend their money.ā $BTC #AirdropStepBySte #AirdropSafetyGuide #AppleCryptoUpdate
Arizona has passed BOTH the Strategic Bitcoin Reserve (SB 1025) & the Digital Assets Strategic Reserve (SB 1373) š Both bills now await the Governor's signature.
The SEC Approves ProShares XRP ETFs, Marking a Major Turning Point in Ripple-SEC Relationship After Years of Legal Tension
SEC Approves ProShares XRP ETF
The U.S. Securities and Exchange Commission (SEC) has officially approved ProShares' XRP Futures ETFs. With this decision, the SEC continues to open up significant opportunities for investors to participate in the XRP market without facing legal risks associated with directly holding the token.
According to the announcement, ProShares will launch three XRP Futures ETFs in the U.S. on April 30, including:
Ultra XRP ETF (2x leverage) Short XRP ETF (inverse leverage -1x) Ultra Short XRP ETF (inverse leverage -2x)
These will be the next three XRP ETFs introduced in the U.S. Earlier, on April 8, Teucrium's first XRP Futures ETF began trading on the New York Stock Exchange (NYSE), receiving a fairly positive market response.
Bitcoin acts like āstore of value that it isā amid Trump policy chaos: NYDIG Bitcoinās decoupling from traditional risk assets is āstill very early and fragile,ā but the shift is āpalpable,ā says NYDIGās Greg Cipolaro.
Bitcoin is starting to act as a store of value during times of āUS-risk-offā sentiment, marking a potential shift in its relationship with traditional assets, according to the New York Digital Investment Group.
BitcoinĀ BTC ^ $94,654Ā felt ānoticeably differentā over the trading week ended April 25, NYDIGās global head of research Greg CipolaroĀ saidĀ in an April 25 marketĀ note.Ā āWeāve been observing subtle shifts in its behavior over the past few weeks,ā he added. āThe decoupling from traditional risk assets is still very early and fragile, but for those watching crypto markets 24/7, the shift is palpable.ā
He added that the US dollar and long-term US Treasurys have also underperformed since the election and Trumpās April 2 āLiberation Dayā tariff announcements, which lumped every country with various rates, the minimum being 10%. Gold and currencies such as the Swiss franc have been consistent winners as safe havens, Cipolaro said, noting that Bitcoin is emerging as a non-sovereign store of value.
AmidĀ surging volatilityĀ in equities, measured with the VIX index, foreign exchange rates (CVIX index), and interest rates and bonds (MOVE index), investors have been on the hunt for theseĀ safe haven assets.Ā
Cipolaro said investors are also seeking alternatives to US hegemony, whether that is stocks, bonds, forex, or commodities.Ā
šø Michael Saylor shared Strategyās Bitcoin tracking tool, which often signals a potential upcoming $BTC purchase.
š¹ The Crypto Fear & Greed Index is now at 61, up from 37 last week.
šø Governor Asiama stated that the Bank of Ghana will regulate cryptocurrencies starting in September 2025 ā a major shift from its 2018 stance.
š¹ The SEC has approved April 30th as the public launch date for ProShares Trustās $BNB #XRP ETF.
šø Ripple President Monica Long confirmed that an IPO is not a top priority for the company in the near future.
š¹ U.S. spot #bitcoin ETFs have attracted over $3 billion in weekly inflows ā the highest in 5 months and the second largest ever.
šø The International Monetary Fund confirmed that El Salvador is complying with its pledge not to accumulate Bitcoin within its financial sector.
š¹ Nike is facing a federal lawsuit in Brooklyn seeking over $5 million in damages after RTFKT ceased operations, with NFT buyers claiming significant losses.
ā”ļøDeFi Development Corp. files an S-3 form with the šŗšøSEC to offer $1B in securities, with the goal of using proceeds to acquire Solana $SOL š #SOL #DEFİ
š Market Overview Bitcoin (BTC) is trading around $94,107, experiencing a slight decline of 0.46% over the past 24 hours. The price has fluctuated between $93,084 and $95,617 during this period. Technical analysis indicates that Bitcoin is in a long-term uptrend, with a short-term target of $117,000, based on a rising channel pattern established since 2023. Altcoins are also showing positive momentum, particularly XRP, following news that CME Group plans to launch XRP futures contracts on May 19, 2025.
š Policy and Regulation SEC Chairman Paul Atkins emphasized the need for clear regulations in the cryptocurrency sector to foster innovation and reduce legal ambiguity. This marks a shift from previous regulatory approaches. The Federal Reserve has withdrawn its guidance requiring banks to seek approval before engaging in cryptocurrency-related activities, signaling a more open stance towards crypto involvement in the financial sector.
šŗšø U.S. Cryptocurrency Policy President Donald Trump signed Executive Order 14233 on March 6, 2025, establishing a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile. This move aims to position the U.S. as a leader in digital asset strategy, utilizing forfeited digital assets to fund these reserves. The Bitcoin Act of 2025, introduced in Congress, proposes 1 million BTC over five years through budget-neutral methods such as tariff revenue or gold-for-bitcoin exchanges. However, its passage remains uncertain.
š Additional News Crypto Rover is organizing a $1,000 giveaway on the Solana platform, requiring participants to publicly share their wallet addresses to ensure transparency and foster community trust. AltcoinGordon has warned of potential market trend reversals, advising traders to monitor technical indicators and on-chain data to make informed decisions.
The SEC postpones decisions on multiple crypto ETF proposals, including those tied to Polkadot $DOT, Hedera $HBAR and a dual $BTC / $ETH fund from Bitwise. Decision postponed until.. June 10 - Bitwise's Bitcoin/Ethereum June 11 - Grayscale's Polkadot & Canary's Hedera #bitcoin #eth #hedera #Grayscale
Login to explore more contents
Explore the latest crypto news
ā”ļø Be a part of the latests discussions in crypto