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Amid the US SEC’s delayed decision on the spot XRP ETF, a futures one is all set to launch on May 19, 2025. Recently, the derivatives marketplace, CME Group, announced the plans for a Ripple token-based futures exchange-traded fund. Although it is not the desired spot ETF, investors are eyeing this launch for liquidity and to potentially influence the SEC’s decision. Can it also beat the debuts of ETH and BTC futures ETF? Let’s discuss. CME XRP Futures ETF Launch Confirmed CME Group’s XRP Futures ETF will go live on May 19, based on the CME CF XRP-Dollar Reference Rate. Interestingly, it will be launched in two contract sizes, one being a micro-sized contract of 2,500 XRP and the other larger-sized with 50,000 XRP. The Global Head of Cryptocurrency Products at CME Group, Giovanni Vicioso, acknowledged the rising demand for the Ripple token among institutional and retail buyers. More importantly,... Read More at Coingape.com
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16 May 2025, 5:31 amTop crypto tokens such as Ripple (XRP) have often been touted as a good retirement option because, despite being volatile, they have delivered significant returns over the years. For instance, since 2014, the XRP price has rallied by more than 85,000% from $0.0002 to the current price of $2.40. However, the amount of tokens needed to retire varies across regions. According to CNBC, a retiree based in the US needs more than $60,000 annually to retire comfortably, while in the EU, one would need over $1 million pension fund to retire. In Asia, one would need an average of $500,000 to retire, with yearly expenses of around $20,000. Going by these estimates, can a trader who has invested in 10,000 XRP tokens retire comfortably, and how much would Ripple’s price have to rally so that an investor does not have to work again? Is 10,000 XRP Enough to Retire? Data... Read More at Coingape.com
The post Is 10,000 XRP Enough To Retire? Here’s How Much Price Needs to Rally appeared first on CoinGape.
16 May 2025, 5:01 amAccording to prediction market Polymarket, the chances of a Cardano ETF being approved in 2025 have climbed to 55%. Traders have pushed “Yes” shares up to $0.68, signaling rising confidence in the altcoin’s potential path to becoming an exchange-traded product. Cardano ETF Odds Rise to 55% Source: Polymarket The current odds of Cardano ETF approval represent a 45% increase over recent weeks. While no formal Cardano ETF application has been filed, analysts point to growing institutional interest and improved regulatory sentiment around altcoin exposure as key drivers. Cardano has been slower than Bitcoin and Ethereum in attracting ETF momentum. However, a sharp focus on sustainability, decentralization, and new utility could change that, especially after the network’s latest announcements at Consensus 2025. All Retail No VC: Glacier Airdrop Boosts Cardano ETF Bets Speaking at the event, Cardano founder Charles Hoskinson revealed full details of the long-awaited Glacier Airdrop, tied to the upcoming... Read More at Coingape.com
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16 May 2025, 4:39 amLow Implied volatility, critical golden cross signal, ETF inflows and Fed rate cut bets suggest BTC price could rally to new highs. Here’s what investors can expect from Bitcoin. Bitcoin’s Volatility Lull: Calm Before the BTC Price Storm? Volumex’s 30-day implied volatility for Bitcoin (BVIV) — a measure of expected BTC price swings — has plunged to July 2024 levels, its lowest in 10 months. Historically, such periods of “muted” volatility often precede explosive price moves. Here’s Why IV Matters: Low IV implies traders don’t foresee major breakouts soon, but prolonged consolidation typically ends with a volatility expansion (sharp up/down move). Additionally, high IV spikes often suggest extended moves and lead to reversals. A recent CoinGape article explores how this could be used to spot top formations for Bitcoin. A bull case scenario that can be interpreted from the ongoing low volatility regime if BTC price holds key support levels.... Read More at Coingape.com
The post BTC Price Poised for Breakout as Volatility Hits 10-Month Low—Here’s What’s Next appeared first on CoinGape.
16 May 2025, 3:13 amAmid the crypto market’s recovery from the slump, a fear of the crash is building as the $3.33B worth of Bitcoin and Ethereum options have expired today. Although crypto options expiry is nothing major, historical records reveal the formation of additional volatility around these events. Interestingly, the crypto options expire once they become worthless (if not used), but once they expire, the market witnesses slight to significant volatility depending on the investors’ sentiments. Let’s discuss. Bitcoin and Ethereum Options Expired Today According to the Deribit exchange official post, $3.33B in Bitcoin (BTC) and Ethereum (ETH) options were set to expire on the platform and have officially expired at the time of publishing. Out of this, the $2.76B notional value was for the BTC options, with the main pain point being $100k, and a Put/ Call Ratio of 1.02, which is neutral to slightly bullish for the token. In case of... Read More at Coingape.com
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16 May 2025, 1:58 amDogecoin supercycle and mega rally could begin as DOGE on-chain metrics show major strength. As the DOGE price trades around $0.2250, market analysts remain optimistic about its long-term trajectory. Notably, crypto analyst ‘Trader Tardigrade’ has drawn parallels between the current chart patterns and the 2014-2018 cycle, suggesting the potential for a parabolic rally to $18. Dogecoin On-Chain Metrics and Whale Activity Popular crypto analyst Ali Martínez reported how Dogecoin is witnessing a surge in key on-chain metrics, including DOGE active addresses, transaction volumes, and whale activity. Thus, the memecoin is gaining strong ground on multiple fronts at this stage, which could set the foundation for a DOGE rally ahead. Source: Ali Martinez On the other hand, there’s heavy whale buying for the memecoin over the past month. In a notable trend, Dogecoin (DOGE) whales have amassed over 1 billion DOGE tokens in the past month, signaling heightened interest and activity... Read More at Coingape.com
The post Dogecoin Supercycle To Start Soon With Strong DOGE On-Chain Metrics appeared first on CoinGape.
16 May 2025, 12:50 amThe world’s largest publicly listed crypto exchange, Coinbase, has been rocked by a damaging cyberattack and continued investigation from its SEC lawsuit just days before its S&P 500 debut. The back-to-back setbacks led to a drop in the Coinbase stock price on May 15, but the stock has rebounded in May 16’s trading session. Coinbase Stock Rebounds 7% The one-two punch of the Coinbase cyber attack and the SEC investigation sent COIN shares tumbling, even as the exchange is poised to join the S&P 500 index next week. This milestone was expected to bolster credibility, but recent events overshadowed the narrative, which led to the crash. However, the stock has bounced back on Friday and is now up 7% since the start of today’s trading session. The stock, currently trading at around $262, is up over 50% in the last month and almost 6% year-to-date (YTD). Coinbase Cyber Attack Hits... Read More at Coingape.com
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16 May 2025, 12:23 amShiba Inu (SHIB) price has made notable gains in the last week amid renewed bullish sentiment across the broader market. This has sparked speculation about whether SHIB can overtake Dogecoin’s market cap. In 2021, SHIB briefly overtook Dogecoin’s market cap after Shiba Inu price rallied significantly, and if history rhymes, how high does the meme coin have to rally to achieve this again? Let’s explore. Shiba Inu Price If It Matches Dogecoin’s Market Cap Shiba Inu has overtaken Dogecoin’s market cap in the past, and considering repetitive patterns in the crypto market, it is likely that SHIB can achieve this again and emerge as the largest and top-performing meme coin. However, to do so, SHIB price would have to register massive gains. At press time, Dogecoin’s market cap stood at $33 billion according to data from CoinMarketCap, which is notably higher than Shiba Inu’s $8.8 billion. To surpass DOGE, Shiba... Read More at Coingape.com
The post What if Shiba Inu Hits Dogecoin’s Market Cap? Here’s Its Potential Price appeared first on CoinGape.
16 May 2025, 12:08 amIn a surprising revelation, the Saudi Central Bank recently disclosed that it holds substantial shares in Michael Saylor’s Strategy, formerly known as MicroStrategy. Meanwhile, Utah Retirement Systems (URS) has also increased its MSTR holdings. As the largest institutional investor in Bitcoin, Strategy has made it its primary treasury reserve asset in recent years. Therefore, by investing in Strategy, the Saudi Central Bank is also likely to have substantial exposure to crypto assets like Bitcoin. As per the media reports, the Saudi Central Bank’s SEC 13F filing shows that it now holds 25,656 shares of MicroStrategy Inc., now rebranded as “Strategy”. MicroStrategy’s Bitcoin Bet Strategy holds 568,840 Bitcoin as per the latest report by CoinGape Media, worth close to $68 billion at the current market price. On social media, the crypto community hailed the Saudi Central Bank’s move as a subtle but significant pivot of the central bank toward cryptocurrency. Some... Read More at Coingape.com
The post Saudi Central Bank, URS Take Indirect Bet on Bitcoin Via Strategy Exposure appeared first on CoinGape.
15 May 2025, 11:56 pmXRP price plunged by 5% shortly after Judge Analisa Torres denied an indicative ruling in the Ripple SEC lawsuit. The decision has cast uncertainty over the case, dampening XRP market sentiment as bearish sentiment rises concerning delays in a potential settlement. Ripple’s Chief Legal Officer, Stuart Alderoty, will collaborate to address the concerns of the court. As XRP tests critical support, market analysts still remain hopeful of a bounce back. XRP Price Rally to Stall From Here? Amid a strong undercurrent in the altcoins market, XRP price performance has remained laidback with 16% monthly gains, while peers like Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), and others are up by 3-50%. Following the court decision on Thursday to deny the joint motion in Ripple SEC lawsuit, XRP crashed 5%, slipping to $2.35 earlier today. The Ripple cryptocurrency faced a strong rejection at $2.6 earlier this week and corrected nearly 10% from... Read More at Coingape.com
The post Ripple Lawsuit Setback: XRP Price Continues to Slip as Court Denies Motion appeared first on CoinGape.
15 May 2025, 10:16 pmA small Chinese company has announced plans to acquire a large portfolio of cryptocurrency assets, including Bitcoin and the meme-based TRUMP token, using stock-based financing. Addentax Group Corp. (Nasdaq: ATXG), a textile and logistics firm, disclosed that it is in talks with several cryptocurrency holders to acquire digital assets worth up to $800 million. These discussions are centered around acquiring up to 8,000 Bitcoins and other tokens like Official Trump through the issuance of new shares of common stock. No binding agreements have been made yet, but the company said that the talks involve influential crypto holders with a strong presence in the sector. ATXG Plans to Issue Stock in Exchange for Crypto Assets Addentax stated that its approach involves issuing new common stock to holders of various cryptocurrencies in exchange for digital assets. According to the company, the goal is to use these assets as part of a long-term... Read More at Coingape.com
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15 May 2025, 9:37 pmSolana price forecast sees renewed bearish pressure as FTX prepares $5B payout, triggering $236M in SOL unstaking this week. Solana (SOL) Stumbles below $170 as FXT $5B Payout Sparks Volatility Solana price tumbled 4% to hit $169 on Friday, May 16, after bankrupt crypto exchange FTX confirmed a $5 billion creditor payout. On Thursday, the Solana ( Solana Price Action, May 16, 2025 SOL) price fell to $169, losing intraday support at $170 for the first time in May. This decline follows news that FTX will unstake and redistribute assets to fulfill its second major payout. FTX’s estate said on May 15 that it would begin distributing $5 billion in digital assets to claimants on May 30. The payout will be processed via BitGo and Kraken, with settlement expected within 1–3 business days. FTX Payouts aligns with 1.4B SOL Staking Withdrawals Solana price weakness coincides with an uptick in bearish... Read More at Coingape.com
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15 May 2025, 6:40 pmEthereum price is dips 3% to hit $2,520 on Friday, bullish territory, with strong institutional accumulation signals stregthening key support levels. BTCS Inc. Arranges Financing to Fund $57.8 Million of Etherereum (ETH) Resereve Ethereum (ETH) found support amid a tame altcoin market trend on Thursdsy. While the likes of Cardano (ADA) and Solana (SOL) posted 4% losses apiece ETH managed to limit lossses to 3.2% on the day. Ethereum’s resilient showing is linked to a critical statement from BTCS Inc. announcing a significant $57.8 million financing deal aimed at expanding its Ethereum holdings and validator infrastructure. Ethereum Price Action, May 16, 2025 | Coingecko The structure of the agreement includes an initial $7.8 million tranche and room for an additional $50 million, demonstrating institutional-level confidence in Ethereum’s long-term trajectory. The convertible notes carry a hefty 194% premium at $5.85 per share, which not only reflects optimism but also mitigates short-term... Read More at Coingape.com
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15 May 2025, 6:39 pmWith over 568,000 Bitcoins worth $68 billion, Michael Saylor’s MicroStrategy is now the largest institutional investor in BTC. Now, Eric Trump aims to dethrone Saylor as he revealed ambitious Bitcoin accumulation plans at Consensus 2025 for his new BTC mining company. Trump predicts that American Bitcoin will dominate BTC mining and will close the gap between it and Michael Saylor’s MicroStrategy. Eric Trump Unveils Bitcoin Accumulation Plans At Consensus 2025 As Consensus 2025 gets underway, American Bitcoin co-founder Eric Trump has unveiled plans to increase the company’s BTC holdings. Rather than purchase BTC from OTC exchanges, Eric Trump is targeting an efficient, low-cost Bitcoin mining strategy. Launched in March 2025 in partnership with Hut 8 CEO Asher Genoot, Eric Trump is positioning American Bitcoin to compete with MicroStrategy. Trump noted that there are two heated races for Bitcoin: a buying spree led by Michael Saylor’s MicroStrategy and a mining strategy.... Read More at Coingape.com
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15 May 2025, 5:46 pmThe United States Senate is preparing for a crucial vote on the Stablecoin Bill, dubbed the GENIUS Act, this coming Monday. After several delays, the bill is finally moving forward with a ‘cloture vote’ scheduled by Senate Majority Leader John Thune. The decision marks a turning point for stablecoin regulation in the country, a development that has also drawn national attention and renewed urgency among lawmakers. Stablecoin Bill Advances To Cloture Vote Stage In her latest post on X, American Journalist Eleanor Terrett reported that Senator Thune had officially filed for cloture on the GENIUS Act, setting the vote for May 19. This move signals a final push by lawmakers to bring the legislation to the floor after a series of back-and-forth debates. According to Senate sources, a bipartisan amendment is also under review. The discussed changes include stricter rules for tech companies involved in financial assets, better consumer protection,... Read More at Coingape.com
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15 May 2025, 1:42 pmA new report from AMLBot has revealed that a delay in Tether’s fund-freezing mechanism has allowed criminals to exploit the system and move over $78 million in USDT across Ethereum and Tron since 2017. Tether’s Freeze Mechanism and Its Vulnerabilities AMLBot, a blockchain forensics firm, has reported that Tether’s process for freezing USDT linked to criminal activity contains a delay that criminals have exploited. The firm found that the process of blacklisting addresses involves a multi-signature setup, which creates a delay between a freeze request and its execution on the blockchain. This process requires multiple parties to sign the freeze transaction, which can take time to complete. During this time window, some wallets have moved funds before the freeze became active. AMLBot called this period a “critical window” for illicit actors. PeckShield, a blockchain security firm, reviewed the report and confirmed the delay. “It does not necessarily indicate a problem... Read More at Coingape.com
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15 May 2025, 11:45 amBitcoin price forecast stays bullish as BTC consolidates above $103K, fueled by rising institutional ETF inflows and easing U.S. recession fears. Bitcoin (BTC) as market watchers dial down US recession expectations Bitcoin traded at $102,500 on Thursday, consolidating within a narrow 0.5% range between $101,769 and $103,810, according to CoinGecko data. Notably, BTC price has now closed above the $100,000 level for seven consecutive days for the first time since January. Bitcoin price action, May 15, 2025 | BTCUSD | Coingecko This steady momentum is supported by institutional investors maintaining a bullish stance on BTC, despite global macro uncertainty. The rally coincides with easing fears of a U.S. recession, as major players including JPMorgan dropped their forecasts after a surprise trade truce between the U.S. and China earlier this week. The alignment of Bitcoin’s resilient market performance with shifting macro sentiment and rising ETF demand has helped establish the steady... Read More at Coingape.com
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15 May 2025, 11:36 amJust when the XRP community thought the long-running Ripple Vs SEC lawsuit was nearing an end, there has been a twist in the tale. In a massive setback in the XRP lawsuit, Judge Analisa Torres denied both parties’ request for an indicative ruling. The court outlined serious reasons and cited case laws to back up its decision to deny this motion. The crypto markets reacted sharply to the ruling, with XRP price dropping over 5% on Thursday night. Judge Torres Denies Indicative Ruling In XRP Lawsuit In an X post, Defense lawyer James Filan revealed that Judge Torres has denied Ripple and the SEC’s motion for an indicative ruling. The court determined that the motion was “procedurally improper,” noting that the request to absolve the crypto firm of some of its obligation to cease the illegal sale of securities and pay the full civil penalty amounts to a motion to... Read More at Coingape.com
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15 May 2025, 11:36 amBinance founder Changpeng ‘CZ’ Zhao has recently addressed false reports linking the TRUMP digital coin to a $2 billion investment deal involving Abu Dhabi’s MGX and Binance. The rumors suggested that the TRUMP token played a role in the transaction. However, CZ has clarified the facts, set the record straight, and removed any confusion surrounding the deal. Binance Founder Corrects Wrong Reportage In his latest post on X, Changpeng Zhao responded to misinformation about the $2 billion MGX investment in Binance. Contrary to some reports, the deal was completed using the USD1 stablecoin, unrelated to the Trump digital coin. CZ emphasized that the transaction was between a private investor and the Binance Abu Dhabi-based entity. He added that the payment could come in any currency the payer chooses, such as Bitcoin, AED, USD, or USD1. He explained that after receiving funds, it is at the discretion of the receiver to... Read More at Coingape.com
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15 May 2025, 11:35 amFTX Trading Ltd., along with the FTX Recovery Trust, has confirmed that it will begin its second round of distributions to eligible creditors on May 30, 2025. The distribution will be carried out under the company’s Chapter 11 Plan of Reorganization and will involve payments totaling more than $5 billion. FTX $5 Billion Repayment Plan for Creditors A press release published on May 15 reported that the FTX Recovery Trust will pay out funds to creditors who have allowed claims through the Plan. If a creditor in the Convenience or Non-Convenience class completed the onboarding with a chosen Distribution Service Provider, they will be eligible for the payout. Some of the companies offering distribution services include Bitgo and Kraken. The announcement comes as part of the company’s continuing effort to resolve bankruptcy claims following its 2022 collapse. The distribution is expected to reach eligible recipients within 1 to 3 business... Read More at Coingape.com
The post Just In: FTX Announces $5 Billion Repayment Plan for Creditors On May 30 appeared first on CoinGape.
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