According to onchain data provided by Lookonchain, an altcoin whale has started to take a particularly bullish view on Ethereum (ETH). According to data observed on decentralized cryptocurrency exchange Hyperliquid, this whale added $8.88 million worth of USDC to his previous long ETH position today. With this addition, the whale’s positions increased to $36.3 million and currently has an unrealized profit of $1.4 million. In addition, onchain data suggests that some institutional whales are also hoarding Ethereum. According to the data, Abraxas Capital pulled 49,644 ETH worth $92 million from cryptocurrency exchanges Binance and Kraken today. Related News: What to Expect for Bitcoin, Ethereum, XRP, and Cardano After the Surprise Rally? Experienced Analyst Shares What's Needed for a Bull Run The data also revealed that two different crypto wallets, likely belonging to the same person or entity, spent a total of $14.54 million worth of DAI and USDT to purchase 7,293 ETH worth around $15 million. The average purchase price of the whales was $1,993. At the time of writing, ETH is trading at $2,079. *This is not investment advice. Continue Reading: What Did Huge Altcoin Whales Do During the Rally? They Couldn’t Escape On-Chain Data
More on Coinbase Coinbase Looks Good Heading Into Q1 Earnings Coinbase: Fear Of A Crypto Bear Market Overblown; Strong Buy Wall Street Lunch: Coinbase Preps For BTC Yield Fund 4 stocks to watch on Thursday: SHOP, DNUT, COIN and TTD Coinbase agrees to buy crypto options giant Deribit for $2.9B
Three US states enacted distinct laws recognizing crypto assets. New Hampshire, Arizona, and Oregon introduced notable crypto legislations. Continue Reading: US States Embrace Cryptocurrency with New Legislation The post US States Embrace Cryptocurrency with New Legislation appeared first on COINTURK NEWS .
Bitcoin’s recent surge past $101,000 has triggered bullish strategies among traders, setting the stage for potential new highs. This trend raises questions about the sustainability of Bitcoin’s price action and
In a significant development for the cryptocurrency sector, the U.S. Office of the Comptroller of the Currency (OCC) has issued new guidance permitting national banks and federal savings associations to engage in cryptocurrency activities, including buying, selling, and custody services, without prior regulatory approval. This policy shift, highlighted by crypto analyst Amelie on X , is poised to have profound implications for digital assets like XRP. JUST IN: ACCORDING TO THE U.S. FEDERAL REGULATOR, REGULATED BANKS CAN BUY, SELL & STORE CRYPTOCURRENCIES! THIS COULD BE GAME-CHANGING FOR #XRP pic.twitter.com/3cgg24nwqa — 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) May 8, 2025 Regulatory Shift Facilitates Bank Participation in Crypto The OCC’s recent interpretive letter, known as Interpretive Letter 1183, clarifies that banks under its supervision can now offer cryptocurrency custody and execution services to their customers. This includes the ability to buy and sell cryptocurrencies held in custody at the direction of their clients, as well as outsourcing these services to third-party providers. The OCC emphasized that these activities must be conducted in a “safe and sound” manner, adhering to robust risk management protocols. Implications for XRP and the Broader Crypto Market The authorization for banks to engage directly with cryptocurrencies is expected to enhance the legitimacy and adoption of digital assets like XRP. By enabling banks to offer custody and transaction services , customers may find it more convenient and secure to invest in and use cryptocurrencies, potentially increasing demand and liquidity in the market. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Furthermore, this regulatory clarity could encourage institutional investors to enter the crypto space, as banks can now provide the necessary infrastructure and services to support large-scale investments. For XRP, which is often utilized for cross-border payments and remittances, increased institutional participation could bolster its use case and market value. Ongoing Regulatory Developments and Industry Response While the OCC’s guidance marks a significant step forward, other regulatory bodies like the Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) have yet to issue comprehensive policies regarding banks’ involvement in cryptocurrency activities. The industry is closely monitoring these developments, as unified regulatory frameworks are essential for the sustained growth and integration of cryptocurrencies into the traditional financial system Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Bullish: U.S. Banks Now Free to Buy and Sell XRP and Other Coins appeared first on Times Tabloid .
The Federal Reserve’s decision to hold interest rates steady has triggered a shift in sentiment across financial markets, including crypto. While XRP and Solana continue to gain traction, a new project— MAGACOINFINANCE is starting to raise eyebrows among analysts who track early momentum plays. CLICK HERE – TIME IS RUNNING OUT XRP: Legal Clarity and Global Payment Growth Ripple’s network has expanded in several regions, including Southeast Asia, where banks and payment platforms have integrated XRP for faster cross-border transactions. XRP may not generate the headlines it once did, but its foundation appears stronger than ever—especially in a climate where predictability is valued. Solana: noticeable turnaround Solana has seen a noticeable turnaround since its rough patches in previous cycles. In the first half of 2025, its on-chain activity has increased, particularly in NFT transactions and high-speed decentralized applications. With improved uptime and enhanced validator performance, Solana is beginning to attract developers that once leaned toward other networks. What’s more, the blockchain’s ability to process large volumes of micro-transactions at low cost continues to separate it from competitors. If liquidity conditions improve following the Fed’s pause, Solana could benefit from renewed investment in real-world blockchain applications. LIMITED TIME OFFER-GET 50% EXTRA BONUS WITH MAGA50X MAGACOINFINANCE: Gaining Momentum for the Right Reasons While legacy coins continue building on past progress, MAGACOINFINANCE is building something new. The project is quietly drawing attention for its clean rollout strategy, community traction, and simple but effective positioning. Instead of mimicking meme coins or competing with infrastructure layers, MAGACOINFINANCE is defining its own category—community-first, supply-capped, and straightforward in design. What makes it stand out is its measured pace. The team behind it has avoided overexposure while steadily building interest across crypto communities and mid-level investors. It’s the kind of project that gains credibility because of how it behaves—not because of inflated promises. Analysts are beginning to note how investor sentiment around MAGACOINFINANCE resembles the early stages of past outperformers. It may not dominate headlines yet, but those paying attention see a project with structure, balance, and long-term focus. To learn more about MAGACOINFINANCE, please visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: Following the Fed’s Recent Decision, Analysts See Big Moves Ahead for XRP, Solana, and MAGACOINFINANCE
In a development that was publicly highlighted today by crypto influencer Amelie, the U.S. Securities and Exchange Commission (SEC) has jointly submitted a letter with Ripple Labs Inc. to the United States District Court for the Southern District of New York, formally requesting an indicative ruling to finalize the settlement process in the long-running case SEC v. Ripple Labs Inc. Amelie’s post captioned an image of the official court filing, dated May 8, 2025. The letter was submitted to Judge Analisa Torres via the court’s electronic filing system (ECF), and it marks a significant milestone in the legal proceedings between the SEC and Ripple Labs. BREAKING NEWS: THE SEC HAS FILED THE SETTLEMENT AGREEMENT LETTER IN THE RIPPLE CASE! NOW #XRP IS OFFICIALLY FREE! https://t.co/p6OpROknnK pic.twitter.com/02F8MjXsz3 — 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) May 8, 2025 SEC and Ripple Request Indicative Ruling from Court The letter, jointly filed by the SEC and Ripple, formally requests the Court to issue an indicative ruling under Federal Rule of Civil Procedure 62.1. The parties seek the Court’s guidance on whether it would be inclined to grant two key requests if the matter were remanded from the appellate court. First, they request that the injunction against Ripple, included in the Final Judgment from August 2024, be dissolved. Second, they ask that the funds held in escrow—specifically $125,035,150—be partially distributed, with $50 million to be paid to the SEC in satisfaction of the civil penalty, and the remaining amount returned to Ripple. This joint request follows a series of legal steps stemming from the Court’s Summary Judgment Order issued on July 13, 2023, and the Final Judgment entered on August 7, 2024. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 The Final Judgment included a civil penalty imposed on Ripple for alleged violations of Section 5 of the Securities Act of 1933 and included an injunction. Ripple subsequently appealed the judgment, and the Court issued a stay on enforcement of the monetary penalties in September 2024. Settlement Reached While Appeals Remain Pending The pending appeals were filed in the U.S. Court of Appeals for the Second Circuit and remain under consideration. However, as indicated in the joint letter, the SEC and Ripple have now reached a settlement agreement that they are jointly requesting the Court to facilitate. The indicative ruling, if granted, would clear the path for the Second Circuit to remand the case to allow Judge Torres to formally approve the settlement and close the case. Public Reaction to XRP’s Regulatory Outlook Crypto influencer Amelie’s tweet summarized the implications of this filing for the XRP digital asset. While her characterization of XRP being “officially free” is not a legal term, it reflects a widely held interpretation that this settlement, if approved, would effectively remove legal uncertainty surrounding XRP’s regulatory status in the United States, particularly the constraints that the injunction had previously imposed on Ripple. This filing marks one of the final procedural steps to end the SEC’s enforcement action against Ripple Labs. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Big News For XRP: SEC Officially Files Settlement Agreement Letter In Ripple Case appeared first on Times Tabloid .
Key takeaways: 97% of the $8.3 billion in Bitcoin put options expire worthless at a $102,000 BTC price. Short covering above $105,000 could trigger a Bitcoin price rally to new highs. Bitcoin ( BTC ) soared above $101,000 on May 8, reaching its highest level in over three months. The 4.6% daily BTC price gain triggered $205 million in liquidations of bearish futures positions and eroded the value of nearly every put (sell) option. Traders now question whether Bitcoin is poised to break its $109,354 all-time high in the near term. Bitcoin put (sell) options open interest for May-June-July, USD notional. Source: Laevitas.ch The aggregate Bitcoin put (sell) option open interest for the next three months stands at $8.3 billion, but 97% of those have been placed below $101,000 and will likely expire worthless. Still, this does not mean every put options trader was betting on Bitcoin’s downside, as some may have sold those instruments and profited from the price gains. Top BTC option strategies at Deribit past two weeks. Source: Laevitas.ch Among the largest option strategies traded at Deribit is the “bull put spread,” which involves selling a put option while simultaneously buying another put at a lower strike price, capping both maximum profit and downside risk. For example, a trader aiming to profit from higher prices might sell the $100,000 put and buy the $95,000 put. Bull put spread profit/loss. Source: Strike-Money Cryptocurrency traders are known for their exaggerated optimism, and this is reflected in the leading strategies on Deribit’s options markets, such as the “bull call spread” and the “bull diagonal spread.” In both cases, traders anticipate Bitcoin prices at expiry to be equal to or higher than the options traded. $100,000 Bitcoin boosts bullish options, but shorts may resist If Bitcoin sustains the $100,000 level, most bullish strategies will yield positive results in the May and June options expiries , giving traders additional incentives to support upward momentum. However, there is the possibility that sellers (shorts) using futures markets will exert their influence to prevent a new Bitcoin all-time high. Related: Coinbase to acquire options trading platform Deribit for $2.9B The aggregate open interest on Bitcoin futures currently stands at $69 billion, indicating substantial demand for short (sell) positions. At the same time, higher prices might force bears to close their positions. However, this “short covering” effect is significantly muted in fully hedged positions, meaning those traders are not particularly sensitive to Bitcoin price movements. For instance, one could buy spot Bitcoin positions using margin or spot exchange-traded funds (ETFs) while simultaneously selling the equivalent in BTC futures. Known as the “carry trade,” this strategy is delta neutral, so the profit comes regardless of price swings, as the monthly Bitcoin futures trade at a premium to compensate for the longer settlement period. Bitcoin 2-month futures annualized premium. Source: laevitas.ch The Bitcoin futures premium has been below 8% for the past three months, so the incentives for the “carry trade” have been limited. Hence, it is likely that some form of “short covering” will occur if Bitcoin surges above $105,000, which greatly improves the odds of a new all-time high over the next couple of months. This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
Recent allegations suggest former President Trump was maneuvered by lobbyist Brian Ballard to include XRP in the Crypto Strategic Reserve. Despite the controversy, Trump may retain XRP due to his
Securitize, a Miami-based platform focused on the tokenization of real-world assets (RWAs), has secured a strategic investment from Jump Crypto, the digital asset arm of Jump Trading Group. The terms of the deal were not disclosed, and this is the first outside investment in Securitize since BlackRock led a $47 million funding round last year. Securitize partners with major asset managers including BlackRock, Apollo, Hamilton Lane, and KKR to issue blockchain-based funds. Its flagship product, BlackRock's BUIDL fund, is structured as a money market fund, pays daily dividends, and currently manages $2.86 billion in assets. Tokenized Treasury products have surged 800% to nearly $7 billion since BUIDL's debut, with funds issued on Ethereum and Solana blockchains. Investors are increasingly choosing tokenized Treasurys over stablecoins as collateral. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io