Coinbase Institutional has officially filed with the U.S. Commodity Futures Trading Commission (CFTC) to self-certify futures contracts for XRP through its subsidiary, Coinbase Derivatives. This filing aims to launch XRP futures on April 21, 2025, offering both institutional and retail investors a regulated way to gain exposure to XRP in a more capital-efficient manner. The filing marks a significant development for XRP’s broader market acceptance, especially in regulated environments where futures contracts provide both liquidity and opportunities for risk management. XRP Futures: Regulatory Developments and Market Entry Coinbase’s application for self-certification with the CFTC enables it to launch XRP futures without waiting for direct approval from the agency, as long as it adheres to regulatory guidelines. This approach is commonly used by exchanges when launching new financial products. By introducing XRP futures, Coinbase Derivatives is adding a new structured trading product that could boost liquidity and allow for more institutional participation in the asset. We're excited to announce that Coinbase Derivatives has filed with the CFTC to self-certify $XRP futures – bringing a regulated, capital-efficient way to gain exposure to one of the most liquid digital assets. We anticipate the contract going live on April 21, 2025. Stay tuned… pic.twitter.com/nKUPjjnMKW — Coinbase Institutional (@CoinbaseInsto) April 3, 2025 Futures contracts are particularly useful for hedging against price fluctuations or speculative trading, which may increase the accessibility of XRP for a broader range of investors. Concurrent with this move, Kraken, one of the major U.S.-based cryptocurrency exchanges, added Ripple USD (RLUSD) to its trading platform. Prior to this listing, Bitstamp was the primary exchange offering RLUSD. The addition of Kraken further strengthens XRP’s trading ecosystem, leading to increased trading volumes and a broader range of institutional players engaging with the asset. XRP Price Trend Amid New Futures Announcement As of the latest price action, XRP has been navigating key technical levels. Last night, during a livestream, market analysts highlighted that XRP’s price tested a significant .382 retracement level, which acted as key resistance. The price briefly touched this level before experiencing a pullback, with the current focus shifting towards a potential decline toward the $1.95 price target. The $1.90 mark is seen as a critical level and should XRP dip below this, it could indicate a deeper correction. However, if XRP’s price holds at or above these levels, it could signal that the market is preparing for a rebound, especially if there is bullish RSI divergence. Source: X Consequently, the next XRP price move is critical. A successful retest of these lower levels, coupled with signs of strength from the relative strength index (RSI), could suggest that XRP is nearing a bottom before a potential breakout. If the price holds steady at $1.90, a strong rally into a new wave higher may be on the horizon. Community Reaction To Coinbase Filing While the filing has generated considerable interest, it also sparked confusion within the cryptocurrency community. Coinbase initially referred to the futures product as “Ripple futures” in a now-deleted post, a term that led to criticism from XRP holders. The confusion arose because Ripple is the company behind the XRP network, while XRP is the digital asset itself. A user named Adam on X (formerly Twitter) pointed out the distinction, urging Coinbase to correct the language. “Ripple and XRP are separate entities,” he noted, emphasizing the importance of accurate terminology in the crypto space. Coinbase corrected the mistake shortly after, clarifying that the product is, in fact, XRP futures. Meanwhile, late last month, Crypto Options and Futures Exchange Bitnomial announced the launch of its XRP futures contract. This new product has been on the exchange’s radar since at least October 2024. The post Coinbase Institutional Files To Launch XRP Futures With CFTC appeared first on CoinGape .
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The cryptocurrency space in 2025 is more competitive than ever. Yet one name is consistently being mentioned alongside the giants—MAGACOINFINANCE. As major players like Bitcoin (BTC) and Ripple (XRP) continue their push, MAGACOINFINANCE is rapidly climbing to the top of investor watchlists for its early-stage potential and breakout momentum. CURRENT PRICE – $0.0002704 – LISTING PRICE $0.007 -PRE-SALE SELLING OUT! MAGACOINFINANCE – TOP CRYPTO PICK OF 2025 Unprecedented Growth Potential MAGACOINFINANCE – MAGACOINFINANCE has already secured over $4.8 million in its ongoing pre-sale, proving investor demand is heating up. With a strict 100 billion token cap and increasing buzz across crypto communities, MAGACOINFINANCE is quickly establishing itself as the year’s most talked-about contender. ACT NOW – GET 50% EXTRA BONUS WITH CODE MAGA50X Get 50% EXTRA BONUS and Unlock 3,782% ROI Potential At the current pre-sale price of $0.0002704, and a confirmed listing at $0.007, MAGACOINFINANCE offers early buyers a 2,488% ROI, or 25.88x their investment. When you apply promo code MAGA50X, your token quantity increases by 50%, effectively reducing your cost to $0.0001803. That boosts your ROI to 3,782%, or a 37.82x return—making it one of the strongest asymmetric setups of the year. LINK, DOT, MATIC, and ADA: Still Solid, But Overshadowed in Momentum Chainlink (LINK) trades at $13.84, leading in smart contract oracle tech.Polkadot (DOT) sits at $4.15, focused on multichain network innovation.Polygon (MATIC) is priced at $0.209, still crucial to Ethereum scaling.Cardano (ADA) trades at $0.71, maintaining its research-driven ecosystem approach. ACT NOW – JOIN THE BIGGEST PRE-SALE IN HISTORY! Conclusion As the cryptocurrency market continues to evolve, both established and emerging digital assets present unique opportunities. While Bitcoin (BTC), Ripple (XRP), and Solana (SOL) pursue growth strategies, MAGACOINFINANCE distinguishes itself with its innovative approach and attractive pre-sale incentives. Investors are encouraged to conduct thorough research, stay informed about market trends, and consider diversifying their portfolios to navigate this dynamic landscape effectively. For more information on MAGACOINFINANCE and to participate in the pre-sale, visit: Website: magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: Rising Fast: MAGACOINFINANCE Is Emerging as 2025’s Top Contender With XRP and BTC
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President Donald Trump’s new tariffs have created what trade experts are calling a nearly $1 trillion “trade wall” around the U.S. economy. Based on estimates using tariff costs paid in 2024, American big tech companies could face daily expenses ranging from $1 billion to $2 billion. The new tariff policy is set to cost U.S. businesses an estimated $654 billion a year. That figure is projected to grow even further when considering up to an additional $300 billion in tariffs imposed under the International Emergency Economic Powers Act (IEEPA) and Section 232 of the Trade Expansion Act on products like steel, aluminum, and autos. “If this holds up in court, then we are waking up to a new global economy with a different set of costs than we have known for the last several decades,” said Josh Teitelbaum, former Deputy Assistant Secretary of Commerce during the Obama administration. Big tech companies may suffer The U.S. stock market suffered its worst daily loss since 2020 on Thursday. The effects reach beyond Apple in the tech sector. The company has already seen its worst stock drop since the COVID-19 outbreak. While Apple is particularly vulnerable due to its heavy reliance on Asian manufacturing, the new tariff framework puts the entire tech sector’s trade surplus under the microscope. According to Cesar Hidalgo, a professor at the Toulouse School of Economics, tech giants have long benefited from a large trade surplus with the rest of the world. Alphabet exported $141 billion in services, followed by Meta with $71.2 billion, Oracle at $45.2 billion, Amazon at $40.2 billion, IBM at $31.9 billion, and Microsoft at $31.6 billion. Apple stock price. Source: Google Finance. The US exported $2 trillion in physical goods in 2024, while importing around $3.27 trillion. On the surface, this suggests a trade deficit of roughly $1 trillion. However, the digital economy is different. Every time a foreigner streams a movie on Netflix or purchases an ad on Facebook, the United States is effectively exporting its digital services. “We estimate that the U.S. enjoys a trade surplus of at least $600 billion in digital products,” Hidalgo explained. U.S. exports in digital advertising and cloud computing reached about $260 billion and $184 billion, respectively. Hidalgo noted that these figures are even larger than the country’s exports of crude or refined petroleum, which have long been considered one of its major export products. Trade retaliation, however, may not be limited to digital services. Jason Miller, an assistant professor at Michigan State University, warned that massive foreign countermeasures are likely. This means that U.S. exports in tech industries like aerospace, machinery, electrical equipment, computers and electronic products, and energy could all face significant tariff-based retaliation. Could big tech actually benefit from the trade war? The trade war has also raised questions about whether big tech companies could ultimately benefit from the administration’s aggressive tactics. With Wall Street in a state of panic and allies around the globe voicing their displeasure, the fallout from Trump’s trade policies continues to grow. Some of the world’s richest companies might see gains if Trump can successfully negotiate better terms. Issues ranging from the sale of TikTok to digital services taxes, and even Europe’s antitrust actions against Silicon Valley giants, have now become part of the broader trade dispute. Yet the question remains – What exactly does Trump want in exchange for easing these tariffs? Michael Froman, president of the Council on Foreign Relations, addressed the issue on the POLITICO Tech podcast. “Leverage is only good if you take it out for a drive,” Froman said, stressing that the administration must clearly outline what it expects in return from other nations. “You’ve got to be able to lay out for the other countries, for the other markets what it is you want them to change, or do, in order to reduce the tariffs, get rid of the tariffs,” he explained. He noted that, so far, the Trump administration has not provided a detailed plan outlining these demands. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
On April 4th, COINOTAG reported a significant transaction involving the Trump WLFI address, which transferred 213,159 USDT to an address linked to Americana Technologies, the innovative NFT deployer. This move
Binance founder Changpeng Zhao (CZ) has taken a significant step to bolster Kyrgyzstan’s blockchain regulation and economic strategy. The collaboration aims to enhance the Kyrgyz Republic’s technological infrastructure and prepare
Former Binance CEO Changpeng “CZ” Zhao will begin advising the Kyrgyz Republic on blockchain and crypto-related regulation and tech after signing a memorandum of understanding with the country’s foreign investment agency. “I officially and unofficially advise a few governments on their crypto regulatory frameworks and blockchain solutions for gov efficiency, expanding blockchain to more than trading,” the crypto entrepreneur said in an April 3 X post, adding that he finds this work “extremely meaningful.” His comments came in response to an earlier X post from Kyrgyzstan President Sadyr Zhaparov announcing that Kyrgyzstan’s National Investment Agency (NIA) had signed a memorandum with CZ to provide technical expertise and consulting services for the Central Asian country. The NIA is responsible for promoting foreign investments and assisting international companies in identifying business opportunities within the country. Source: Changpeng Zhao “This cooperation marks an important step towards strengthening technological infrastructure, implementing innovative solutions, and preparing highly qualified specialists in blockchain technologies, virtual asset management, and cybersecurity,” Zhaparov said. The Kyrgyzstan president added: “such initiatives are crucial for the sustainable growth of the economy and the security of virtual assets, ultimately generating new opportunities for businesses and society as a whole.” Kyrgyzstan, which officially changed its name from the Republic of Kyrgyzstan to the Kyrgyz Republic in 1993, is a mountainous, land-locked country. It is considered well-suited for crypto mining operations due to its abundant renewable energy resources, much of which is underutilized. Over 30% of Kyrgyzstan’s total energy supply comes from hydroelectric power plants, but only 10% of the country’s potential hydropower has been developed, according to a report by the International Energy Agency. CZ has met with several other state officials in Asia Malaysia also recently tapped CZ for guidance on crypto-related matters, with Prime Minister Anwar Ibrahim meeting him personally in January. CZ has also met with officials in the UAE and Bitcoin-stacking country Bhutan — however, it isn’t clear what those meetings entailed. Related: Is Bitcoin’s future in circular economies or national reserves? CZ’s latest pursuits come a little over six months after he was released from a four-month prison sentence in the US for violating several anti-money laundering laws. Since being released, CZ has made investments in blockchain tech, artificial intelligence and biotechnology companies. CZ also recently donated 1,000 BNB ( BNB ) — worth almost $600,000 — to support earthquake relief efforts in Thailand and Myanmar after the natural disaster in late April. Magazine: Financial nihilism in crypto is over — It’s time to dream big again
Bitcoin price started a recovery wave from the $81,200 zone. BTC is consolidating losses and facing hurdles near the $83,500 resistance level. Bitcoin started a decent recovery wave above the $82,200 zone. The price is trading below $83,200 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $83,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $83,500 zone. Bitcoin Price Faces Resistance Bitcoin price extended losses below the $82,500 support zone and tested the $81,200 zone. BTC formed a base and recently started a decent recovery wave above the $82,200 resistance zone. The bulls were able to push the price above the $82,500 and $83,000 resistance levels. The price even tested the 23.6% Fib retracement level of the recent decline from the $89,042 swing high to the $81,177 low. However, the price is struggling to continue higher. Bitcoin price is now trading below $83,500 and the 100 hourly Simple moving average . On the upside, immediate resistance is near the $83,200 level. The first key resistance is near the $83,500 level. There is also a connecting bearish trend line forming with resistance at $83,500 on the hourly chart of the BTC/USD pair. The next key resistance could be $84,500. A close above the $84,500 resistance might send the price further higher. In the stated case, the price could rise and test the $85,500 resistance level. Any more gains might send the price toward the $86,000 level or 61.8% Fib retracement level of the recent decline from the $89,042 swing high to the $81,177 low. Another Decline In BTC? If Bitcoin fails to rise above the $83,500 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $82,200 level. The first major support is near the $81,200 level. The next support is now near the $80,500 zone. Any more losses might send the price toward the $80,000 support in the near term. The main support sits at $78,800. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $82,200, followed by $81,200. Major Resistance Levels – $83,500 and $85,000.
Senator Elizabeth Warren and Representative Maxine Waters have formally requested transparency from the U.S. Securities and Exchange Commission (SEC) concerning potential conflicts of interest involving President Donald Trump’s family and their ties to World Liberty Financial (WLF), a cryptocurrency firm. The lawmakers cited concerns that the Trump family stands to gain up to $400 million