XRP challenger Stellar (XLM) eyes its largest crash in three years
The orders imbalance could see Hedera bounce between key short-term levels and hunt liquidity pockets instead of trending northward at a steady pace.
XRP price has recorded a slight decline today, following its massive rally over the past few months. Notably, the crypto has crossed the brief $2 mark for the first time since 2018 recently, with recent market trends indicating a further rally ahead. In addition, top experts also predicted the asset to hit a new ATH in 2025 amid the positive developments of Ripple and a pro-crypto sentiment in the US after Donald Trump’s election win. Will XRP Price Hit ATH In 2025? XRP price has recorded a robust rally this year hitting a multi-year high, indicating growing confidence of the investors. Besides, the recent whale activity and other positive market trends indicate that the XRP is poised to hit a new ATH as soon as next year. Notably, the Ripple whales are on a buying spree , as evidenced by the recent activity of the large holders. Recently, prominent crypto market expert Ali Martinez said that whales have accumulated more than 60 million coins, reflecting the bullish sentiment hovering in the market. Source: Ali Martinez, X Besides, Ripple’s recent launch of RLUSD stablecoin has also fueled market optimism. It marks a crucial milestone for the blockchain firm, with a flurry of exchanges like Bullish Exchange adding it to their platforms. In addition, it also debuted in the Singapore market with the Independent Reserve (IR) exchange listing recently. On the other hand, the anticipation over XRP ETF also soared recently, especially with Donald Trump’s election win. A flurry of key players have already filed to launch the investment instrument in the US. Now, with US SEC Chair Gary Gensler’s resignation in January 2025, whom many deem as an anti-crypto regulator, optimism peaked toward a potential launch ahead. In addition, Donald Trump’s focus on the crypto issued by US-based firms has also fueled speculations. Meanwhile, many in the crypto community also anticipate the ongoing Ripple Vs SEC case to conclude with pro-crypto Paul Atkin’s nomination as the US SEC Chairman by Donald Trump. Ripple’s Native Crypto Eyes Breakout XRP price today was down about 0.7% and exchanged hands at $0.29, after touching a 24-hour high of $2.35. Notably, this decline comes as Whale Alert showed that an XRP whale, identified by the wallet address “rBgEs..SLEcj”, has recently dumped 30.17 million coins. According to the report, the whale has dumped XRP worth $69.24 million to the leading crypto exchange Coinbase. On the other hand, the Futures Open Interest for Ripple’s native crypto stayed near the flatline, indicating that investors are taking a pause amid the holiday season. However, top experts have shared bullish forecasts for the crypto, indicating a new XRP ATH soon. In a recent X post, popular market analyst EGRAG Crypto said that XRP is poised to $3.775 in the near term. However, he also warned that the crypto could potentially slip to $1.37 in the short run if the bearish momentum dominates. Despite that, the market sentiment remained strong towards the crypto, given the recent developments. Source: EGRAG CRYPTO, X On the other hand, another market expert Dark Defender recently shared an XRP price chart, which showed that the crypto could rally to about $20 in 2025. This has also fueled market sentiment, especially after the recent run of the crypto towards the north. Source: Dark Defender, X Besides, a recent XRP price analysis indicates a potential rally to $10 ahead. Considering all these aspects, it is highly likely that Ripple’s native crypto could soar past its previous ATH of $3.84 through 2025. The post Will XRP Price Break All-Time Highs In 2025? appeared first on CoinGape .
Russia’s Finance Minister Anton Siluanov has announced that Russian companies have started using Bitcoin and other cryptos for international trade. “Such transactions are already occurring. We believe they should be expanded and developed further,” he told Russia 24 TV . He also made it clear that this is just the beginning, calling crypto payments “the future of international trade.” From Bitcoin bans to full-blown adoption Russia’s crypto history has been wild. In 2017, the government looked at blockchain tech like a curious kid with a new toy, but it quickly slammed the brakes, banning cryptos for payments. The official excuse? Concerns about financial stability and preventing shady activities. Fast forward to 2020, and the rules softened, but not by much. Crypto was legalized, but their use for transactions remained off the table. Now, 2024 has flipped the script. Russia’s lawmakers gave mining the green light, effective November 1, and legalized the use of crypto for cross-border payments. The timing isn’t random. With sanctions making traditional trade channels nearly impossible, crypto has become the lifeline. Russia isn’t playing small ball here. In 2023 alone, the country mined 54,000 Bitcoins, pulling in 50 billion rubles (around $550 million) in tax revenue. With new laws in place, the potential for growth is massive. President Vladimir Putin threw his weight behind them, criticizing the U.S. for using the dollar as a political weapon. “The U.S. undermines the dollar’s role as a global reserve currency,” he said earlier this month, calling Bitcoin a viable alternative. And for good measure, he added, “No one in the world can regulate Bitcoin.” The country is now the second-largest Bitcoin mining hub in the world, right behind the United States. Why? Cheap electricity and freezing weather. Perfect conditions for running mining rigs 24/7. But here’s the catch: all that mining comes with a huge electricity bill. To keep things under control, the government has slapped mining bans on ten regions, including Dagestan and Chechnya. Starting January 1, these bans will last six years. And it doesn’t stop there. Seasonal restrictions are set for energy-heavy areas like Irkutsk during winter. Eastern Europe is already a hotbed for crypto activity, and Russia is leading the charge. Between July 2023 and June 2024, the region handled $499 billion in on-chain crypto value, and Russia ranked seventh globally for crypto adoption. These platforms allow users to sidestep traditional banks, which have become increasingly isolated due to sanctions. From Zero to Web3 Pro: Your 90-Day Career Launch Plan
The rising popularity of cryptocurrency and the company synonymous with aggressive Bitcoin (BTC-USD) buying, MicroStrategy ($MSTR), have triggered ...
The XRP Ledger (XRPL) has reached a noteworthy milestone by closing over 93 million ledgers, showcasing its robust network capabilities and ongoing adoption in the crypto space. This impressive achievement
Floki aims to launch FLOKI as an ETP in early 2024. Community approval and token allocation are crucial steps in the process. Continue Reading: Floki Developers Launch ETP for FLOKI Token on European Markets The post Floki Developers Launch ETP for FLOKI Token on European Markets appeared first on COINTURK NEWS .
Turkey introduces new AML regulations requiring user identification for crypto transactions over 15,000 lira ($425). Crypto service providers must collect information for transactions with unregistered wallet addresses starting February 2025. Turkey’s crypto market ranks fourth globally, with a trading volume of $170 billion as of September 2023. Turkey has unveiled new cryptocurrency regulations to combat money laundering and terrorism financing. The new measures were detailed in a December 25 publication in the Official Gazette of the Republic of Turkey. They introduce stricter oversight for crypto transactions exceeding 15,000 Turkish lira (approximately $425). Key Provisions and Implementation Timeline Notably, the new AML regulations are set to go into effect on February 25, 2025. Under these rules, crypto service providers must collect identifying information from users engaging in transactions above the $425 threshold. Additionally, transfers originating from unregistered wallet addresses will now require verification. If a provider cannot obtain the required details from a sender, the transaction could be categorized as “risky.” In such cas… The post Turkey Rolls Out Tougher Crypto Rules to Prevent Money Laundering and Terrorism Financing appeared first on Coin Edition .
The post Israel Joins the Bitcoin Boom with Six Mutual Funds: What’s Next? appeared first on Coinpedia Fintech News Bitcoin touched its first ATH after ETF approval and in December it exceeded everyone’s expectations by hitting $100K though the market saw a sharp decline last week. The bulls have not lost hope Bitcoin stood right up and touched $98K today. Israel is stepping into the crypto spotlight with the launch of six Bitcoin mutual funds on December 31. These funds, approved by the Israel Securities Authority (ISA) last week, aim to provide regulated access to Bitcoin investments, reflecting the nation’s growing interest in the digital asset market. Is it a Santa rally effect? let’s understand the market scene in Israel. Key Details About the Funds The timing seems to be right as Bitcoin will see a massive jump despite some short-term losses in between next year. The mutual funds, offered by prominent firms like Migdal Capital Markets, More, Ayalon, Phoenix Investment, Meitav, and IBI, will initially trade once a day, with management fees ranging from 0.25% to 1.5%. Notably, one fund will be actively managed, aiming to outperform Bitcoin’s market performance. Global Context and Impact This move comes nearly a year after the U.S. SEC approved spot Bitcoin ETFs, which have since attracted $35.6 billion in investments. The ISA’s decision aligns with global trends, such as South Korea’s surging trading volumes and Turkey’s strict anti-money laundering steps, signaling a maturing crypto market. With Bitcoin prices doubling over the past year and institutional demand surging, Israel’s entry into the Bitcoin fund market highlights the growing acceptance of crypto as a mainstream investment. This development further cements the global momentum toward regulated and accessible digital asset products. Bitcoin Current Market Snapshot Bitcoin is currently testing resistance near $101,000, with a potential pullback to $69,000 as key support. Historical trends show post-Christmas rallies aligning with halving cycles, often driving significant price surges. Long-term targets from technical patterns suggest Bitcoin could reach $150,000 and even $250,000 if the bullish structure holds. However, short-term movements depend on breaking resistance and defending critical support levels. Bitcoin’s pullback shows that the market is maturing no matter what comes on the way. Israel is taking this slowdown as a strategy to tap the crypto adoption in the region with a safe plan of mutual funds instead of ETFs. However, to raise their crypto plans in the future they have to approve ETFs as it is the only way to bring fresh capital into the system.
The post Shiba Inu Metaverse Went Live On Christmas appeared first on Coinpedia Fintech News If you’re into Shiba Inu and all things virtual, here’s exciting news for you. As a Christmas gift, the team has finally launched Shiba Inu Metaverse. It’s not just an ordinary release. This platform is meant to change the way we interact online. After months of waiting, users now get early access to this new virtual world powered by Shibarium. What is the Shiba Inu Metaverse? SHIB: The Metaverse is more than a virtual hangout. It’s a space where you can own digital land, create personalized avatars, and even host events. Everything runs on Shibarium, a fast and efficient blockchain made for scalability. The idea is simple—bring people together in one immersive space where they can connect and create freely. The wait is OVER! Shib: The Metaverse early access is here! Own land, build your world, and explore boundless adventures. This is your moment to create and thrive. Download now https://t.co/fInAGt7vf2 pic.twitter.com/N4j0RTzTxb — Shib – The Metaverse (@mvshib) December 24, 2024 But what’s really cool is the focus on creativity. Imagine designing your own land. Want a park? A gallery? Or maybe something no one has ever thought of? It’s all up to you. The avatars let you show off your personality too, making the experience feel personal and fun. And this isn’t just a platform for fun. It’s also pushing boundaries. By mixing real-life engagement with virtual experiences, it feels like the future of online interaction is happening right now. A Big Vision Inspired by Bold Ideas The team behind Shiba Inu Metaverse didn’t just wake up and decide to build this. They looked at game-changing ideas from companies like Netflix and Apple. Remember when Netflix switched from DVDs to streaming? Or when the iPhone became a game-changer? That’s the kind of leap they want to achieve here. What stands out is how this project celebrates decentralization. It’s not just about a cool virtual space—it’s about giving people ownership and control in a way we haven’t seen before. For fans of the Shiba Inu ecosystem, it’s a chance to be part of something innovative. In an official blog post , the team has shared all the necessary details about their metaverse. What to Expect Next Now that the platform is live, the real journey begins and you can download the metaverse to start your experience. Shiba Inu Metaverse isn’t finished, it’s just getting started. The team is encouraging users to explore, build, and play a role in shaping the future of this virtual world. It’s a bold step, sure. But it’s also an invitation. If you’re curious, now’s your chance to see what the hype is all about. Dive in, explore, and maybe even claim your spot in the next era of digital connection.