BitcoinWorld Gemini Revolutionizes EU Trading: Tokenized Stocks Debut with MSTR A significant shift is underway in the European financial landscape as crypto exchange Gemini makes a bold move into traditional asset trading. For customers in the European Union, the door has just opened to a new form of investment: tokenized stocks. This groundbreaking development, announced by Gemini on X, commenced with tokenized shares of MicroStrategy (MSTR), a company famously known as one of the largest corporate Bitcoin holders. This isn’t just about offering another trading option; it’s a pivotal moment that could redefine how investors interact with both traditional and digital assets across the continent. Gemini EU: A New Era for European Investors? Gemini’s expansion into tokenized stock trading in the European Union marks a strategic step in bridging the gap between conventional finance and the burgeoning digital asset economy. By starting with MSTR, Gemini is not only offering access to a well-known company but also subtly nodding to the crypto community, given MicroStrategy’s significant Bitcoin (BTC) reserves. This initial offering is just the beginning, with Gemini promising to roll out additional tokenized stocks and exchange-traded funds (ETFs) in the coming days. For European investors, this means a potential broadening of investment horizons, offering new avenues for portfolio diversification and accessibility to global markets through a regulated crypto platform. What Are Tokenized Stocks and Why Do They Matter? Tokenized stocks are digital representations of traditional shares that are issued and managed on a blockchain. Think of them as a blockchain-powered certificate of ownership for a fraction or whole of a traditional stock. This innovative approach brings several compelling advantages: Fractional Ownership: Investors can buy a small fraction of a high-priced stock, making investing more accessible to those with smaller capital. 24/7 Trading: Unlike traditional markets with fixed trading hours, tokenized stocks can potentially be traded around the clock, reflecting the always-on nature of cryptocurrency markets. Increased Liquidity: By opening up trading to a global, always-on market, tokenized assets can potentially benefit from enhanced liquidity. Transparency: Blockchain technology offers a transparent and immutable record of transactions, which can foster greater trust and reduce fraud. Reduced Costs: The streamlined nature of blockchain transactions may lead to lower fees compared to traditional brokerage services. For the average investor, tokenized stocks offer a novel way to gain exposure to traditional equities without navigating complex international brokerage accounts, all within the familiar environment of a crypto exchange. MSTR Trading: The Strategic Debut The choice of MSTR for the debut of tokenized stock trading is highly strategic. MicroStrategy, under the leadership of Michael Saylor, has become synonymous with corporate Bitcoin adoption, holding over 200,000 BTC. This makes MSTR’s stock performance often closely tied to the movements of Bitcoin itself. By offering MSTR tokenized shares, Gemini provides European investors with an indirect, yet significant, exposure to Bitcoin’s price action through a regulated stock. This allows even traditional investors who might be hesitant to directly buy BTC to participate in the broader digital asset ecosystem. The availability of MSTR trading on a platform like Gemini could also attract existing Bitcoin holders looking for alternative ways to manage their exposure or diversify within the digital asset space. The Role of a Crypto Exchange in Bridging Traditional Finance Gemini’s foray into tokenized stocks underscores a growing trend where crypto exchange platforms are evolving beyond mere cryptocurrency trading venues. They are becoming crucial bridges connecting the established world of traditional finance with the innovative realm of digital assets. This move by Gemini is not just about expanding its product offering; it’s about pioneering a new model for global investment. By integrating regulated securities onto a blockchain, Gemini is demonstrating the practical applications of distributed ledger technology (DLT) beyond just cryptocurrencies. This integration promises a more efficient, accessible, and potentially more inclusive financial system, benefiting both seasoned investors and newcomers alike. Implications for Bitcoin Holders and the Digital Asset Landscape For existing Bitcoin holders, Gemini’s tokenized MSTR offering presents an interesting dynamic. While it doesn’t replace direct BTC ownership, it offers another layer of financial product that reflects Bitcoin’s influence. It could also lead to increased institutional interest in the broader digital asset space as traditional assets become more intertwined with blockchain technology. This development validates the long-held vision of a tokenized economy where virtually any asset, from real estate to art, can be represented and traded on a blockchain. Challenges remain, including regulatory clarity across different EU member states and ensuring robust liquidity for these new instruments. However, Gemini’s initiative signals a strong belief in the future of integrated financial markets, where digital assets play a central role. A Glimpse into the Future of Investment Gemini’s launch of tokenized stock trading in the EU, starting with MSTR, is more than just a new product offering; it’s a testament to the ongoing evolution of global finance. It represents a bold step towards a future where traditional and digital assets coexist seamlessly, offering unprecedented access and flexibility to investors. As more tokenized assets are introduced, the lines between traditional stock exchanges and crypto platforms will continue to blur, creating a more interconnected and potentially more efficient investment landscape for everyone. This move by Gemini is a powerful indicator of the transformative potential of blockchain technology in reshaping how we perceive, own, and trade assets. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin’s institutional adoption. This post Gemini Revolutionizes EU Trading: Tokenized Stocks Debut with MSTR first appeared on BitcoinWorld and is written by Editorial Team
Summary At first glance, Coinbase appears to be a play on crypto prices. Company profits and the stock price have been behaving that way. COIN started in 2012 as a bitcoin exchange and since then has added more coins to its trading repertoire and a lot more capabilities for its users. But the company has bigger visions. It says crypto is “eating financial services” and that it’s number one in crypto. That’s big talk, but the world seems to be evolving in COIN’s favor. Stablecoin, a crypto pegged to a non-crypto asset (usually the dollar) unites the blockchain with ordinary commerce. That paves the way for a big disintermediation wave (like others we’ve seen in the past) that bypasses costly, time-consuming middlemen. My “Buy” For COIN reflects this, not the next move in crypto prices. I’m undecided… Pastrami (piled high) with a bit of mustard, and grease moistening the bread. Or perhaps, a thick hot bagel with cream cheese and blueberry jelly. It’s a good thing I’m not running things at Coinbase Global (NASDAQ: COIN) . Brian Armstrong has different and more decisive tastes. He’s the CEO and Co-Founder of COIN. He shared his food craving with analysts on the company’s 5/8/25 earnings call . He said: I think in 5 to 10 years, our goal is to be the number one financial services app in the world across those customer segments because we believe that crypto is eating financial services, and we are the number one crypto company …. (Emphasis added.) So, he didn’t directly say COIN is eating financial services. But he sure as heck implied it. The story is quite old. But his verbiage is new… and cool. I remember such behavior described using a much bigger word… disintermediation. It came of age… in 1966 when Regulation Q interest rate ceilings prevented banks and savings institutions from competing effectively with non-depository institutions, such as brokers, disrupting the banks' ability to lend. The double-digit inflation of the late 1970s… caused many consumers to put their liquid assets in short-term money funds…. Finally, in 1980, federal legislation unleashed deposit interest rates. That let banks credibly compete with interlopers who had been disintermediating them. This doesn’t only happen in finance. Consider how easy it was to shop for air travel bargains? Pre-internet, you’d have worked with your favorite travel agent. Do these even exist today? Even now, nearly 60 years after regulation Q, disintermediation, bypassing middlemen, is still a huge finance topic. It’s so huge, that the author of a 3/30/25 letter to the Financial Times may at some point wish the editors hadn’t published his missive : Crypto is no more an investment than investing in a horse race at the bookmakers. Call it what it is: speculation or gambling. COIN is playing a leading role in working to make sure that letter ages dismally. To be sure, I’m a recent convert. As recently as 5/9/25 , I’d been justifying Bitcoin as a digital collectible. I struggled to see it as commercially useful. Digging into COIN has been making me expand my thinking. The company’s business, already complicated, is getting more so. The numbers are volatile to the point of mocking forecasts. The stock’s valuation… I’ve seen worse, but this isn’t for Graham & Dodd or Warren Buffett disciples. But COIN is a change-the-word company. There can never be an assurance of success. But COIN is proceeding… let’s say racing ahead… sensibly. And having been in stock analysis since late 1979, I’ve often seen how these companies, despite scary numbers early on, can turn into wealth-creation machines for shareholders. The COIN Basics The firm launched in 2012. It was a platform through which people could buy and sell Bitcoin. Based on what we know of stockbrokers (old-time brick-and-mortar and now online), that sounds sparse. We’ve seen how stockbrokers added ancillary capabilities over time. They now trade many types of securities beyond stocks. They spread beyond the U.S. They perform bank-like functions. They offer advice. You know the drill. Responding to the needs of its growing user base, COIN pursued an analogous path. Over the years, COIN has added such things as: More kinds of crypto to the product it trades Different platforms for new or casual users versus advanced traders Custody services to hold its customers’ crypto Wallets for its customers Institutional services Crypto derivatives Capabilities beyond the U.S. A credit card that lets users buy things with their crypto Subscription services New offerings make it easier to attract more users. More customers give COIN the wherewithal to add more offerings. It looks like COIN is enjoying a virtuous cycle. How COIN ranks relative to rivals depends on what you count. According to a 5/7/25 source, COIN isn’t close to being the trading-volume top dog. Binance is tops with a 38.0% market share . COIN, with a 6.9% share, is sixth. For assets under management, a 2/8/25 source quotes COIN CEO Armstrong as follows: If you think of Coinbase as a bank, we now hold about $0.42T in assets for our customers, which would make us the 21st largest bank in the US by total assets, and growing. If you think of us more like a brokerage, we’d be the 8th largest brokerage today by AUM. Details aside, I think we can agree that COIN is big in terms of AUM. That’s especially so given how young COIN and the crypto industry are and despite COIN’s relatively high trading costs and fewer tradable crypto coin types. Generally, you can easily drive yourself crazy trying to specify more detailed item-for-item comparisons between COIN and rivals. (If you want to try with Binance, you can start here .) An investor looking for a sense of how COIN compares versus its many rivals (including Binance), would do well to simplify this: For cheapest pricing, maxing out on features, and something akin to wild-west type freedom, COIN would not be the platform of choice. For a more establishment-/compliance-friendly, easier-to-use platform, COIN is likely to have the most appeal. For as rapidly as COIN has been growing, it remains the conservative choice in the context of the crypto world. That doesn’t mean it's always smooth sailing. Growth Patterns For one thing, growth has been breathtakingly choppy. That shouldn’t surprise anyone, given how volatile crypto prices have been. This is still a very new asset class. And many still do not accept its legitimacy. (See, for example, the above-quoted letter to the ft.com editor. And for a chuckle, check the “ me know that's not real money ” bit I described on 5/9/25.) So, nothing in COIN’s data resembles the straight or even straight-ish growth patterns investors cherish. Here’s the historical information for COIN’s Monthly Transacting Users (MTUs). Analyst compilation based on data from company 10K documents Speaking like an equities technical analyst, I might say that after an initial surge, MTUs have corrected, found, and bounced off of a support level, and are now rallying towards the last peak. What’s next? Can MTUs break through the old high? Or will it run into “resistance?” I think it will break through. We know anecdotally that crypto acceptance is expanding. It’s even becoming a respectable treasury asset. Meanwhile, the public took note of our newly elected pro-crypto administration… On 11/24, COIN’s new customer additions jumped 704%. That receded to 476% in 12/24. We can’t yet know how many of these newbies will eventually become MTUs. Nor do we yet know how much longer COIN’s super-normal user growth will persist. But the ears-to-the-ground perception of evolving attitudes toward crypto augurs well for future growth. So, too, do new directions in which COIN has been pointing its business (see below). Toward a More Constructive Legal/Regulatory Framework The SEC recently tried to accuse COIN of trading in securities outside the agency’s standard framework. Securities? Is crypto that sort of asset? That posed intriguing questions for federal courts. Ultimately, though, in January 2025, with a new pro-crypto administration entering Washington, the SEC abandoned its efforts. (See generally, here .) That doesn’t mean regulators will turn blind eyes to crypto. Instead… It suggests that regulatory agencies are acknowledging the need for a more modern and tailored approach…. (amid the likelihood that) Congress must also step in and set a clear course for the cryptocurrency industry. Beyond the legislature, the SEC’s evolving stance may also encourage further collaboration between regulators and industry participants, paving the way for regulation that balances consumer protection with innovation. I expect COIN to be deeply involved in any such collaboration. That’s the sort of compliance-friendly culture through which COIN differentiates itself from rivals. Beyond the Basics Let’s consider here two crypto-centric aspects of COIN’s business. You won’t find these in traditional financial services. Staking Staking is a way COIN (and/or similar entities) and its users can make money by helping to manage the blockchain. The blockchain is “ the official Bitcoin public ledger .” You can imagine it being crypto’s answer to the Federal Reserve. Both are the bosses, the authorities that control things within their respective domains. The Fed rules conventional money (fiat currency). The blockchain rules cryptocurrency. (Each type of crypto has its own blockchain. Similarly, each fiat currency has its own Fed-like king.) So much for similarities. Now come the differences. The Fed is a centralized authority staffed by appointed humans. How do you get to be a Fed governor? You have to know and be liked by somebody, like a head of state. How do those folks decide what to do? Don’t we all wish we knew. If we did, we wouldn’t keep pouring gobs of cyber-ink into never-ending analyses and predictions. The blockchain is a centralized authority staffed-so to speak, by computer stuff (data, code). How does the computer stuff get into (hired by) the blockchain? It has to be logically legit. Put another way, it has to be validated. That’s done by validators . These entities… Verify transactions, propose new blocks, and participate in consensus mechanisms to ensure the accuracy and reliability of the blockchain…. (They) work by verifying transactions, securing the network against attacks, and making sure that only legitimate transactions are added to the blockchain ledger. Instead of relying on traditional mining methods, crypto validators put up a stake as collateral, which can be forfeited if they behave maliciously or fail to perform their duties properly . (Emphasis added.) You (the entity, like COIN) do this by computer. There’s no fiat here. You get to be a validator through a selection process. It gives heavy emphasis to how much skin you have in the game… in other words, how much crypto you post as collateral. COIN can post its own crypto as collateral. But its chances of being chosen rise if its users help by chipping in some or all of the crypto they hold at COIN. When users do that, we say they are staking their crypto. They never lose custody of their crypto. It all stays in their wallets. They do, however, give up the right to withdraw the crypto for as long as they leave it staked. Now here’s the good part… COIN and its users get paid for staking crypto and serving as validators . The network pays COIN by awarding it crypto coins. And COIN shares its reward with the users who staked (in proportion to how much each staked). Potential income to users is not trivial. As of this writing , COIN was suggesting they could earn up to a 14% APY. I call out staking here for two reasons. First, I want to demonstrate an interesting income source available to COIN and its users. Second, I want to expand on what I previously wrote about the important role of the blockchain. Note, in particular, how broadly decentralized it is… no fiat, no political appointees, no media pressure. This will help crypto eat financial services. Now, let’s look at another recipe item… Stablecoin So, what exactly determines prices for crypto coins? That’s easy… supply and demand. So, what determines supply and demand? How many hours, days, etc. do you have to consider all the opinions on these topics? That’s why crypto has been so darn volatile! So, what exactly determines the price for stablecoin? That’s easy… each is worth one dollar (or is priced in terms of another asset… though 99% are presently dollar-based). Huh? Does that mean supply and demand are in equilibrium when stablecoin trades for one dollar? No. Stablecoin is specifically and by definition pegged to the dollar, one-to-one. Then what’s the point? Why not just use dollars? Because stablecoin lives (is stored and exchanged) on the blockchain. If you want to join COIN in eating financial services, consider this your set of utensils. Stablecoins are primarily used for trading crypto assets, transacting in goods services, insulating against local currency instability, and sending payments across borders…. Investors increasingly use stablecoins rather than cash to buy into and out of crypto asset investment positions, since many exchanges make it quicker and easier to trade with crypto assets than with real-world assets. ( Source .) This is how we can join crypto with regular commerce. (The key isn’t in crypto fluctuations. It’s about the blockchain.) There’s also an interesting here-and-now-and-growing angle to this. COIN is like a stablecoin banker. It issues USDC, a type of stablecoin (together with 50-50 partner Circle Internet Group), and holds dollars in reserve. Dollar reserves equal the value of the stablecoins. (Regular banks hold much smaller percentages of asset value in reserve.) COIN and Circle earn interest (50-50) by investing the dollars in U.S. Treasury Bills or equivalent interest-earning assets. And COIN gets 100% of interest earned by investing reserves relating to stablecoins owned by users but held on COIN. That is turning into a nice and growing income stream for COIN. Salivating Over the Chez Financial Services Dinner Menu (a/k/a Progressing Toward Disintermediation) One reason why I discussed staking and stablecoin is, obviously, to explain the nice business opportunities COIN is enjoying today. But blockchain plus stablecoin equals one heck of a way to revolutionize commerce. (Hence the change-the-world investment case for COIN). Before going on, I should add one more point. Each crypto coin has its own blockchain. Each such chain has unique characteristics in how it works. Speed variations are important. And the Ethereum chain can record smart contract terms. These are self-executing… As soon as “A” is verified, then “B” automatically happens. Much of this would relate to verifications of ownership, rights, liabilities, etc. That sounds like a breathtakingly dull topic. It is. And as a result, it’s seldom discussed (aside from cybercrime and the angst that brings). But verification is CRITICAL. If you want a sense of how critical, check out The Mystery of Capital by Hernando de Soto. In sum, de Soto argued that developing countries haven’t been stunted by a lack of assets. Instead, he says, it’s been about property ownership being “secured informally, which prevents the use of property as collateral. The inability to convert assets into capital keeps the developing world from benefiting from capitalism.” I didn’t get a chance to look into whether the economies he discussed improved since the book’s 2000 publication . Either way, I found it eye-opening. I always understood authentication is important. But I never realized how important it is until I read de Soto’s work. The blockchain, as a penultimate super-verified set of records, opens up new possibilities. The idea is to eliminate intermediaries, cut costs, and boost speed, all with unprecedented reliability. We’re already starting to see early implementations. For example, BitPesa uses blockchain to facilitate cross-border payments in Africa. Traditional methods are slow and costly. BitPesa slashes transaction times and costs. Companies like AXA have implemented smart contracts for flight delay insurance. They automate claim processing, ensuring quick payouts. Walmart uses blockchain to track food products. Working with IBM, it set up a decentralized real-time database of product origins. That helps with traceability and assuring safety. Pharmaceutical companies like Pfizer use blockchain to track the entire supply chain. That lets it verify medication authenticity and ward off counterfeiting. Ubitquity provides title management solutions using blockchain. That makes property transfers more efficient and secure. Energy companies like LO3 Energy use it for peer-to-peer energy trading. Consumers can directly buy and sell excess energy through a secure network. MovieCoin uses cryptocurrencies to finance and distribute films. That benefits both investors and producers. Today, such things seem minor. Might any of them amount to a portion of the EPS of any company that, expressed as two decimal places, would round to more than $0.00? I doubt it. But imagine ahead. Old-timers like me might have an edge here. We’ve seen much in terms of how extensively, boldly, and rapidly tech can evolve. (Many believe teens and 20-somethings can better use new tech. I think that’s an open question. But we 60 and 70 or more somethings have seen and experienced a lot. Don’t underestimate our ability to visualize future potential! Perhaps that’s why, as I aged, I became more of a growth investor.) In sum, I believe crypto and COIN really will wind up eating financial services. The Numbers Warning… You’re going to see a lot of volatility here. So far, it’s been… as goes crypto prices, so goes COIN (the company and its stock). That will account good and bad things you’ll see. The investment case here can be about crypto’s next big move… if you are trading-oriented and want to approach it this way. I’m not. My case for COIN is based on my belief it’ll progress beyond all these numbers as it swallows and digests financial services. So now, let’s start with the quarterly revenue and EPS trends. Analyst Compilation based on Data from Seeking Alpha Earnings and Financials Presentations Analyst Compilation based on Data from Seeking Alpha Earnings and Financials Presentations How ‘bout those roller coaster EPS comparisons! Try summing the quarters and comparing your answers to the annual figures. These are completely independent data items computed by Seeking Alpha’s data provider. They don’t depend on one another. When the annuals are so far off from the sums of the quarterlies, that, to me, indicates that analysts collectively do not have a handle on their numbers. I’ve done time in the analysts’ places. So I understand. There’s often much less science and a lot more guessing than many realize. For COIN, I expect it's mainly the latter. Now, take a look at the historic and expected forward growth rates. (I compare COIN to medians among companies in the Financial Exchanges and Data industry and in the portfolio of the SPDR S&P 500 ETF ( SPY ). I use medians since these aren’t impacted by wild distortions often caused by unusual data items.) Analyst's computations and summary from data displayed in Seeking Alpha Portfolios Analyst's computations and summary from data displayed in Seeking Alpha Portfolios Here are the financial statement highlights. Be sure to check the footnote explaining how I tried to make sense of the operating margin! Analyst Compilation based on Data from Seeking Alpha Financial Presentations Here’s a breakdown of COIN’s revenue sources. Analyst Compilation based on Data from Company 10K and 10Q documents This next table, core fundamentals, is interesting. Analyst's computations and summary from data displayed in Seeking Alpha Portfolios These numbers tend to not vary wildly based on short-term fluctuations. That’s why I like these data points so much. They tell a bigger-picture story. For COIN, considering how volatile things can get in the short term, I’m very pleased to see these numbers. They tell me that for all the near-term uncertainties, management has a good firm grip on the corporate reigns. Risk To get detailed here, I’d have to present the sort of verbal monstrosities attorneys force companies to stuff into their SEC documents. Do you really want that? If so, you can download the latest 10K and have at it… and hope somebody wakes you up in time to do what you have to do tomorrow. I prefer to keep it simple. The risk here is that crypto, the blockchain, and COIN’s vision will flop badly. That’s how change-the-world investing is. If the world decides it doesn’t want to change, all who back change will wind up with eggs on their faces and losses in their portfolios. What to do About COIN Stock Here’s my usual valuation table. Analyst's computations and summary from data displayed in Seeking Alpha Portfolios Make sure you read the bigger-than-usual footnote. Clearly, there’s little use for these numbers. Let me put it this way… if the world changes as COIN (and I) expect, the company will likely blow past everybody’s forecasts and the stock will, in retrospect, look to have been bargain-priced. If not, it’ll be tears all around. Here are the price charts for COIN and bitcoin (as a proxy for crypto in general) respectively. StockCharts.com StockCharts.com The messages are clear. Sentiment around crypto, and COIN, has been bad at times in the past year (more so for crypto). But things look pretty good now for both. If you understand market timing and think both are due for correction, act on your views. Give COIN a chance to settle down. But that sort of thing is outside my skill set and inconsistent with my approach. If I see a stock riding what strikes me as a megatrend, I turn bullish. Strictly speaking… When it comes to rating stocks, I think in terms of probable future stock performance relative to the market, rather than literally buying, holding, or selling. And since I’m not rating based on a quant model, I’ll eschew “Strong …” extremes. Absent an exceptional degree of conviction, I think “Buy,” Hold”, or “Sell” are enough. For the reasons discussed above, I see COIN as likely outperforming the broader 3- to 5-year (and then some) market. I translate that to the Seeking Alpha rating taxonomy by rating COIN as a “Buy.”
Blockchain firm Ripple is moving to formally conclude its long-running legal battle with the Securities Exchange Commission (SEC) following a series of recent setbacks . CEO Brad Garlinghouse confirmed that Ripple is dropping its cross-appeal, with the SEC expected to do the same, effectively bringing the case to a close, he said in an X post on June 28. “Ripple is dropping our cross appeal, and the SEC is expected to drop their appeal, as they’ve previously said. We’re closing this chapter once and for all, and focusing on what’s most important – building the Internet of Value. Lock in,” he said. This move comes just days after U.S. District Judge Analisa Torres rejected a joint motion from Ripple and the SEC that sought an indicative ruling to reduce a $125 million civil penalty. The motion also aimed to overturn a prior finding that Ripple’s institutional XRP sales constituted unregistered securities offerings. XRP non-security status unchanged Judge Torres issued a nuanced decision, partially granting the SEC’s request for an injunction and penalty while raising concerns about Ripple’s prior conduct regarding court-imposed limits. Despite the outcome, Ripple’s leadership maintains that the legal status of XRP remains unaffected by the latest ruling. With this, the ball is back in our court. The Court gave us two options: dismiss our appeal challenging the finding on historic institutional sales—or press forward with the appeal. Stay tuned. Either way, XRP’s legal status as not a security remains unchanged. In the meantime,… https://t.co/edHNbMzYbZ — Stuart Alderoty (@s_alderoty) June 26, 2025 The SEC originally sued Ripple in December 2020, alleging it raised $1.3 billion through unregistered XRP sales. Although Ripple was not fully exonerated, Garlinghouse previously described the $125 million penalty, imposed in August 2024, as a strategic win, significantly lower than the SEC’s initial demand of $2 billion. If the SEC proceeds with withdrawing its appeal, as expected, it will mark the end of one of the most significant regulatory enforcement cases in the history of the cryptocurrency industry. XRP price analysis Following this development, XRP has turned bullish, rising 4.5% over the past 24 hours to $2.19 at the time of writing. Over the past week, the token has gained more than 2%. XRP seven-day price chart. Source: Finbold However, technical indicators present a mixed outlook. XRP is trading below its 50-day simple moving average ( SMA ) of $2.29, indicating waning short-term momentum; however, it remains well above its 200-day SMA of $1.82, which signals continued long-term strength. The 14-day Relative Strength Index ( RSI ) stands at 47.53, indicating neutral conditions, neither overbought nor oversold. Featured image via Shutterstock The post Ripple CEO on SEC case: ‘We’re closing this chapter once and for all’ appeared first on Finbold .
Speaking on the Power Lunch program on CNBC, Jefferies chief market strategist David Zervos said that a possible power struggle at the Fed could have positive effects on the stock market. According to Zervos, changes in the Fed's structure could result in a president who advocates lower interest rates, which could create a positive environment for markets. Zervos noted that the term of current FED Chair Jerome Powell will end in the spring of 2025, and that President Trump could appoint at least two new members during this period. In this case, he noted that four members of the FED's seven-member board would have been appointed by Trump. Zervos argued that this majority is likely to support a more “pro-growth” economic agenda. Related News: Whales Are Active Today: They Made Massive Bitcoin and Altcoin Transactions Zervos, who said the new FED chairman could adopt lower interest rates, gave the example of Alan Greenspan's low interest rate policies in the 1990s. “The risks Greenspan took at that time were ultimately proven right. The new chairman may be inclined to take similar risks,” said Zervos, adding that this situation could support risky assets such as technology and growth stocks. The program also noted that markets’ interest in Jerome Powell’s rhetoric has begun to wane. Zervos said that the fact that markets have not shown a significant reaction despite Powell signaling an interest rate hike at his latest press conference is evidence of this. “Markets are now starting to focus on who the next president will be and what he will do,” he said. Zervos also noted Trump's strategy of neutralizing figures he didn't like during his time in office, suggesting that Powell was gradually being sidelined in this way. However, he noted that markets were not making any significant distinctions between the new presidential candidates at the moment, and that these names were only seen as potential for now. *This is not investment advice. Continue Reading: What Will Happen If Fed Chairman Jerome Powell Steps Down? Jefferies Chief Market Strategist Explains
The post Near Protocol Price Prediction 2025, 2026 – 2030: NEAR Price To Record 2X Surge? appeared first on Coinpedia Fintech News Story Highlights The live price of the Near Protocol token is [liveprice sym=”near-protocol”]. Price predictions for 2025 range from $1.95 to $9.00. NEAR price may reach a high of $71.78 by 2030. As altcoin momentum intensifies, Near Protocol (NEAR) is rapidly emerging as a standout contender in the crypto space. Fueled by strong fundamentals and recent bullish market trends, NEAR’s rise has caught the attention of both retail and institutional investors. With NEAR now bridging to Solana and TON via Chain Signatures, the future looks promising. Wondering where it’s headed next? Dive into our in-depth NEAR Price Prediction 2025 – 2030 to uncover the possibilities. Table of Contents Story Highlights Overview NEAR Price Targets July 2025 NEAR Price Prediction 2025 NEAR Crypto Price Prediction 2026 Near Protocol (NEAR) Price Prediction 2027 Near Protocol Crypto Price Prediction 2028 NEAR Price Prediction 2029 Near Protocol Price Prediction 2030 What Does The Market Say? CoinPedia’s NEAR Price Prediction FAQs Overview Cryptocurrency [cryptocurrency_name sym=”near-protocol”] Token [cryptocurrency_symbol sym=”near-protocol”] Price [liveprice sym=”near-protocol”] [24hr_change sym=”near-protocol”] Market Cap [marketcap sym=”near-protocol”] Circulating Supply [circulating_supply sym=”near-protocol”] Trading Volume [trading_volume sym=”near-protocol”] All-time High $20.42 on 17th January 2022 All-time Low $0.526 on 04th November 2020 NEAR Price Targets July 2025 In July 2025, if bullish factors resurface, NEAR could experience a short-term rise, aiming for a retest of the $3.5 resistance. It is currently taking support from April lows, and breaking short-term EMA bands would trigger a rise. However, if the bearishness takes control and breaks $1.8 support, then a fall to $1 is likely. Month Potential Low ($) Potential Average ($) Potential High ($) NEAR Crypto Price Prediction July 2025 1.0 2.75 3.50 NEAR Price Prediction 2025 After reaching a $9 peak in Q1 2024, NEAR dropped to $3.5 due to selling pressure in Q2 and consolidated in Q3. Donald Trump’s election win in Q4 boosted the altcoin sector, raising hopes for a new all-time high and crossing the $10 mark. However, NEAR only rose to $8.2 before facing a strong supply level. This supply level hindered price action in Q1 2025, causing the breach of the $3.5 multi-month support, which turned into resistance, leading to a low of $1.8. In Q2, a brief recovery occurred but ended in mid-May due to a “support-turned-resistance block.” Currently, in the fourth week of June, NEAR has found support at $1.8, close to April’s swing low. If NEAR falls from this level, $1.8 will serve as its short-term defense line. A break below this could heighten investor fears, potentially targeting the $1.0 mark. However, in July, if bullish factors resurface, a short-term rise could occur, pushing for a retest of the $3.5 resistance. Meanwhile, current tools like MACD and AO are turning bullish in the short term, with a bullish cross in the MACD tool. And, RSI is gaining strength, flipping the 14-SMA smoothed line from oversold territory, and money flow is rising with CMF recovering from a negative region to the zero line. Additionally, increased adoption and institutional interest, along with improved geopolitical conditions, could benefit the entire altcoin market. There is a strong possibility that NEAR may aim to retest the $8 to $9 supply range by the end of 2025. For this to happen, it must achieve a weekly close above $3.5 in June or July and register a Change of Character (ChoCh) above $4.345 in the following months for long-term bullish confirmation. Year Potential Low Potential Average Potential High 2025 $1.95 $4.34 $9.00 Also read, Filecoin Price Prediction 2025, 2026 – 2030! Near Protocol Price Prediction 2026 – 2030 Year Potential Low ($) Potential Average ($) Potential High ($) 2026 3.70 7.75 11.80 2027 5.32 11.80 18.28 2028 7.91 18.28 28.65 2029 12.06 28.65 45.24 2030 18.70 45.24 71.78 NEAR Crypto Price Prediction 2026 According to our analysts, Near Protocol’s price projection, the price could range between $3.70 and $11.80, with an average trading price of around $7.75. Near Protocol (NEAR) Price Prediction 2027 Looking forward to 2027, NEAR’s price could range between $5.32 and $18.28, and an average forecast price of $11.80. Near Protocol Crypto Price Prediction 2028 In 2028, the price of a single Near Protocol token could range between $7.91 and $28.65, with an average price of $18.28. NEAR Price Prediction 2029 By the end of 2029, NEAR’s price could range between $12.06 as its low and $45.24 as its high, with an average trading price of $28.65. Near Protocol Price Prediction 2030 In 2030, Near Protocol price may touch its lowest price at $18.70, hitting a high of $71.78 and an average price of $45.24. Also read, Bittensor Price Prediction 2025, 2026 – 2030! What Does The Market Say? Firm Name 2025 2026 2030 Wallet Investor $3.19 $4.40 $22.30 priceprediction.net $3.98 $5.92 $28.62 DigitalCoinPrice $5.95 $6.93 $14.80 *The targets mentioned above are the average targets set by the respective firms. CoinPedia’s NEAR Price Prediction In the long run, we at Coinpedia expect the NEAR to outperform its current rally. With rising bullish sentiment, the Near Protocol coin may hit its potential high of $6.75 this year. In contrast, the digital token might stumble down to the low of $1.69. Year Potential Low Potential Average Potential High 2025 $1.69 $4.22 $6.75 CoinPedia has dedicated a team of expert analysts to cover possible crypto price predictions and sum them all up in one place, just for you! [article_inside_subscriber_shortcode title=”Never Miss a Beat in the Crypto World!” description=”Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.” category_name=”Price Prediction” category_id=”6″] FAQs What Is Near Protocol? The protocol promotes the network of computers running a platform for developers to create and launch dApps. What is the NEAR Protocol price prediction for 2025? NEAR could range between $1.95 and $9.00 in 2025, depending on market recovery, adoption, and macroeconomic trends. Can NEAR Protocol reach $50 by 2030? Yes, NEAR may reach up to $71.78 by 2030 if adoption, institutional support, and network growth continue as projected. How high can NEAR Protocol go by 2030? By 2030, NEAR could reach as high as $71.78, driven by network expansion and mainstream blockchain adoption. How much is 1 Near Protocol Coin worth? At the time of writing, the price of 1 NEAR was [liveprice sym=”near-protocol”].
Grayscale removed LDO and OP from the Top 20 list despite their importance to Ethereum.
BitcoinWorld Ripple Breakthrough: Crucial Steps Towards Ending the SEC Lawsuit The crypto world is buzzing with a development that could signal a monumental shift in one of the industry’s most closely watched legal battles. Ripple, the company behind the XRP token, has announced a significant move that could finally bring an end to its long-standing legal dispute with the U.S. Securities and Exchange Commission (SEC). This isn’t just another twist in the tale; it’s a potential breakthrough that could redefine regulatory clarity for the entire cryptocurrency market. Ripple SEC Case: A Turning Point for Digital Assets? In a recent announcement that sent ripples (pun intended) through the crypto community, Ripple CEO Brad Garlinghouse confirmed via X that the company is formally ending its cross-appeal in the ongoing legal saga with the SEC. This isn’t a unilateral move; Garlinghouse also noted that the SEC is expected to withdraw its own appeal, a possibility that the agency had previously hinted at. For years, the Ripple SEC case has cast a long shadow over the crypto space, particularly for XRP holders and projects seeking regulatory certainty in the United States. This latest development suggests that both parties are finally ready to put the contentious litigation behind them, paving the way for a clearer future. XRP Lawsuit Update: What Does Ending the Appeals Mean for Investors? For anyone following the tumultuous journey of XRP, this XRP lawsuit update is undoubtedly significant. The legal battle, initiated by the SEC in December 2020, accused Ripple of conducting an unregistered securities offering through its sale of XRP. While Ripple secured a partial victory in July 2023, with the court ruling that programmatic sales of XRP on exchanges did not constitute unregistered securities offerings, the institutional sales remained a point of contention. The appeals from both sides meant continued uncertainty. The withdrawal of these appeals, if it proceeds as expected, effectively closes the book on this particular chapter, potentially removing a major overhang for XRP’s price and its wider adoption, especially within the U.S. market. So, what are the key implications of this expected resolution? Reduced Regulatory Uncertainty: A definitive end to the lawsuit could provide much-needed clarity for XRP and other digital assets regarding their classification in the U.S. Potential for Renewed Growth: With the legal cloud lifted, XRP could see renewed interest from institutional investors and financial platforms previously hesitant to engage. Market Sentiment Boost: A positive resolution for Ripple could improve overall market sentiment towards cryptocurrencies, signaling a move towards clearer regulatory frameworks. Ripple Cross-Appeal: Why This Strategic Move Now? The decision to drop the Ripple cross-appeal is a strategic one, indicating a strong belief within Ripple that the core legal arguments have been sufficiently addressed and that further litigation would be unproductive. It’s a move towards closure, rather than prolonging a battle that has already spanned years. It’s worth recalling that earlier this year, there was an attempt at a settlement. The SEC had proposed a significantly reduced financial penalty of $50 million (down from an initial demand of $770 million) and even requested the removal of the injunction on Ripple’s institutional XRP sales. However, the court rejected this joint effort to conclude the case at that time, pushing both parties back to the drawing board. The current situation, where both sides appear willing to drop their appeals, suggests a more fundamental shift in their approach, possibly recognizing that the existing court rulings provide sufficient ground for moving forward without further legal wrangling over specific aspects of the previous judgments. SEC vs Ripple: The End of a Defining Legal Battle? The SEC vs Ripple lawsuit has been more than just a dispute between a regulator and a company; it has become a defining case for the entire crypto industry. It tested the boundaries of existing securities laws against the innovative nature of digital assets. The SEC’s aggressive stance against what it deemed unregistered securities offerings has been a major point of friction for many crypto projects operating in the U.S. The potential end of this case could set a crucial precedent, offering insights into how U.S. courts interpret digital assets under existing securities laws. This outcome is not just about Ripple or XRP; it’s about the future regulatory landscape for all cryptocurrencies. Crypto Legal News: Broader Implications for the Industry Beyond the immediate impact on Ripple and XRP, this piece of crypto legal news carries significant weight for the broader digital asset ecosystem. A resolution to such a high-profile case could: Influence Future Enforcement Actions: The SEC might adjust its approach to future enforcement actions based on the outcomes and precedents set by the Ripple case. Encourage Innovation: With greater clarity, blockchain companies might feel more confident in developing and launching new projects in the U.S. without the constant threat of regulatory ambiguity. Pave the Way for Legislation: A clear judicial outcome could spur lawmakers to accelerate the creation of comprehensive crypto legislation, moving beyond relying on outdated laws. While the full ramifications will unfold over time, the anticipated conclusion of the SEC vs. Ripple lawsuit marks a pivotal moment. It signifies a potential shift from protracted legal battles towards a more defined regulatory environment, fostering growth and innovation within the U.S. crypto market. The journey has been long and arduous, but the finish line appears to be in sight. For XRP holders and the wider crypto community, this potential resolution is not just a sigh of relief but a beacon of hope for greater regulatory clarity and stability in the future. It underscores the resilience of the crypto industry in navigating complex legal challenges and continues to push for a future where digital assets can thrive under clear, fair regulations. To learn more about the latest crypto market trends, explore our article on key developments shaping cryptocurrency legal clarity and institutional adoption. This post Ripple Breakthrough: Crucial Steps Towards Ending the SEC Lawsuit first appeared on BitcoinWorld and is written by Editorial Team
On-chain data shows the Transfer Volume on the Bitcoin network has plunged since late May, a sign that trading activity has cooled off. Bitcoin Total Transfer Volume Has Been Sharply Going Down In its latest weekly report, the on-chain analytics firm Glassnode has discussed about how some volume metrics related to Bitcoin have recently changed. The first indicator shared by Glassnode is the Total Transfer Volume , which measures the total amount of BTC becoming involved in transactions on the blockchain. Below is a chart for the metric that shows the trend in its value over the last couple of years. As displayed in the graph, the Bitcoin Total Transfer Volume shot up to a high of $76 billion in late May, suggesting investors increased activity as the asset’s rally to the new all-time high (ATH) took place. This trend isn’t anything unusual, as sharp price action tends to attract attention from the investors. In fact, it’s this fresh interest that helps keep such moves going. Since the peak in late May, however, the indicator has been rapidly going down, a potential indication that the holders have been moving attention away from the cryptocurrency. At the lowest part of this drawdown, the metric reached $52 billion, around 32% down compared to the top. From the chart, it’s apparent that this isn’t the first time that the Total Transfer Volume has seen this pattern of a large spike followed by a cooldown this cycle. After both the previous instances, Bitcoin saw consolidation/decline. Considering this trend, it’s possible that the latest slowdown in the asset’s price may also partially be down to the drop in the Total Transfer Volume. As mentioned before, the Total Transfer Volume measures transfer activity occurring in any section of the network. Two particular parts of the sector, however, are where economic activity tends to congregate: spot and futures markets. First, here is a chart that shows the trend in the volume specifically for the former: Interestingly, while the last two rallies of the cycle saw a spike in Spot Volume, the latest Bitcoin run hasn’t seen any uptick. “This divergence further underscores the lack of speculative intensity, highlighting the market’s hesitancy and reinforcing the consolidation narrative,” notes the analytics firm. Though, while spot activity has been missing from the rally, participants over at the futures market have still been engaged. “This sustained speculative interest suggests that leverage-driven positioning was more influential in recent price dynamics,” says Glassnode. In the recent term, however, the Futures Volume has also been down, in line with the cooldown happening in the wider Bitcoin sector. BTC Price At the time of writing, Bitcoin is trading around $107,000, up more than 4% in the last week.
Recent market fluctuations have drawn attention to stagnant digital asset prices. US-Canada trade talks ending increases uncertainty and affects cryptocurrency volatility. Continue Reading: Global Trade Tensions Shake Cryptocurrency Market The post Global Trade Tensions Shake Cryptocurrency Market appeared first on COINTURK NEWS .
BitcoinWorld Coinbase 50 Index ETF: KraneShares Unveils Pioneering Opportunity for Digital Asset Investors Are you ready for the next evolution in cryptocurrency investing? The financial world is abuzz with the news that KraneShares, an asset management firm renowned for its innovative approaches to alternative investments, has taken a significant step towards bridging traditional finance with the burgeoning digital asset market. Their recent SEC filing for a “Coinbase 50 Index ETF” could reshape how investors gain exposure to the dynamic world of cryptocurrencies, offering a streamlined and diversified pathway. What is the Proposed Coinbase 50 Index ETF? At its core, the proposed Coinbase 50 Index ETF aims to track the performance of the 50 largest digital assets by market capitalization, as reported by The Block. This isn’t just another fund; it’s a strategic move to provide investors with broad exposure to the cryptocurrency market without the complexities of direct ownership. Think of it as a diversified basket of the most prominent cryptocurrencies, meticulously selected and managed. Unlike single-asset ETFs, which focus on one specific cryptocurrency like Bitcoin or Ethereum, an index-based ETF offers instant diversification. This approach is designed to mitigate some of the inherent volatility associated with individual digital assets, spreading risk across a broader spectrum of the market’s leading players. For many, this represents a significant leap forward in making crypto investments more accessible and less daunting. KraneShares’ Strategic Vision and the SEC Filing KraneShares , known for its focus on global and thematic ETFs, is no stranger to pioneering new investment avenues. Their decision to pursue a Coinbase 50 Index ETF underscores a growing confidence in the long-term viability and institutional acceptance of digital assets . This SEC filing is a critical milestone, signaling a formal request for regulatory approval, which is often the most significant hurdle for any new financial product in the crypto space. The firm’s reputation for navigating complex markets, particularly in areas like China-focused investments, lends considerable weight to this initiative. Their expertise in structuring regulated investment products could be key to bringing this innovative crypto ETF to fruition. The very act of filing sends a strong signal to the market: traditional finance is increasingly recognizing and seeking regulated ways to engage with cryptocurrencies. The Unparalleled Benefits of a Diversified Crypto ETF For both seasoned investors and newcomers, a Coinbase 50 Index ETF offers compelling advantages that could revolutionize crypto portfolio management. Consider these key benefits: Instant Diversification: Instead of researching and buying multiple individual cryptocurrencies, investors can gain exposure to 50 top assets in one go, significantly reducing idiosyncratic risk. Ease of Access: Trading an ETF is as simple as buying stocks through a traditional brokerage account, removing the need for crypto exchanges, digital wallets, or understanding complex blockchain mechanics. Regulatory Clarity: An SEC-approved ETF operates within a regulated framework, potentially offering greater investor protection and peace of mind compared to unregulated crypto platforms. Professional Management: The fund would be managed by experienced professionals, handling rebalancing, custody, and other operational complexities. Liquidity: ETFs are generally highly liquid, allowing investors to buy and sell shares throughout the trading day at market prices. This approach democratizes access to a diversified portfolio of digital assets , making it easier for a broader range of investors, including institutions, to participate in the crypto market’s growth story. Navigating the Challenges: The Road Ahead for Crypto ETFs While the prospect of a Coinbase 50 Index ETF is exciting, the path to approval and market success is not without its challenges. The U.S. Securities and Exchange Commission (SEC) has historically been cautious regarding cryptocurrency-related products, citing concerns about market manipulation, custody, and investor protection. Key hurdles for this crypto ETF include: Regulatory Scrutiny: The SEC will meticulously review the fund’s structure, custody arrangements, valuation methodologies, and measures to prevent fraud and manipulation. Custody Solutions: Safely storing a diverse basket of 50 digital assets requires robust, secure, and regulated custody solutions, which can be complex to implement. Market Volatility: While diversification helps, the underlying digital assets market remains highly volatile. The ETF’s value will fluctuate significantly, requiring investors to have a high-risk tolerance. Index Methodology: The specific rules for selecting and weighting the ‘top 50’ assets, and how often the index is rebalanced, will be crucial and subject to SEC approval. The success of this SEC filing by KraneShares will depend heavily on their ability to address these concerns comprehensively and transparently, aligning with the SEC’s stringent requirements for investor protection. Comparing the Coinbase 50 Index ETF with Existing Crypto Investment Vehicles How does this new proposal stack up against what’s already available? Investors currently have several options for crypto exposure: Direct Cryptocurrency Purchases: Offers full control but requires technical knowledge, managing wallets, and dealing with exchanges. Single-Asset Bitcoin/Ethereum ETFs: Like spot Bitcoin ETFs, these provide exposure to one specific asset but lack diversification. Crypto Trusts (e.g., Grayscale Bitcoin Trust): Often trade at premiums or discounts to their net asset value (NAV) and may have higher fees. Blockchain Equity ETFs: Invest in companies involved in blockchain technology or crypto mining, offering indirect exposure to the crypto ecosystem. The Coinbase 50 Index ETF stands out by offering diversified, direct exposure to a broad range of leading digital assets within a regulated ETF wrapper. This blend of diversification and accessibility is a powerful combination that current products often lack. The Broader Impact on Digital Assets and Institutional Adoption The potential approval of KraneShares’ Coinbase 50 Index ETF could have a profound impact beyond just investment products. It signifies a maturation of the digital assets market and a growing acceptance by mainstream financial institutions. Such an ETF could: Attract New Capital: Open the floodgates for institutional investors, wealth managers, and retail investors who prefer regulated, traditional investment vehicles. Increase Market Liquidity: Greater participation can lead to deeper markets and potentially reduced volatility over time. Legitimize the Asset Class: An SEC-approved, diversified crypto ETF lends significant credibility to cryptocurrencies as a legitimate and investable asset class. Spur Innovation: May encourage other asset managers to develop similar or even more sophisticated crypto-related financial products. This development is a testament to the persistent efforts of firms like KraneShares to innovate and provide investors with structured access to emerging markets, further cementing the role of digital assets in the global financial landscape. Actionable Insights for Investors While we await the SEC’s decision on the Coinbase 50 Index ETF , what should potential investors consider? Stay Informed: Keep a close eye on SEC announcements and news regarding the ETF’s approval process. Assess Your Risk Tolerance: Even diversified crypto products carry significant risk. Ensure your investment strategy aligns with your comfort level for volatility. Understand the Underlying Index: Familiarize yourself with how the Coinbase 50 Index selects and weights its assets. Consult a Financial Advisor: Discuss how a crypto ETF might fit into your broader investment portfolio. The advent of such a product could be a truly transformative moment for investors seeking broad exposure to the crypto market through a familiar and regulated structure. A Glimpse into the Future of Crypto Investment The proposed Coinbase 50 Index ETF by KraneShares represents more than just a new financial product; it symbolizes a growing convergence between traditional finance and the decentralized world of cryptocurrencies. This SEC filing is a bold step towards making digital assets a more integral part of mainstream investment portfolios, offering a diversified and regulated entry point for countless investors. As the regulatory landscape evolves and the market matures, products like this crypto ETF are crucial in shaping the future of investment, offering clarity and accessibility in a space that has often been perceived as opaque. The journey is far from over, but the direction is clear: digital assets are here to stay, and innovative vehicles like the KraneShares Coinbase 50 Index ETF are paving the way for broader adoption. To learn more about the latest crypto market trends, explore our article on key developments shaping digital assets institutional adoption. This post Coinbase 50 Index ETF: KraneShares Unveils Pioneering Opportunity for Digital Asset Investors first appeared on BitcoinWorld and is written by Editorial Team