As Bitcoin encounters significant volatility, US Bitcoin ETFs are facing unprecedented outflows, raising questions about market stability. The recent $2.4 billion exodus from Bitcoin ETFs highlights a growing disconnect between
In the wake of regulatory challenges and a record-breaking cyberattack, cryptocurrency exchange Bybit has found itself at the center of two major industry developments. The exchange recently secured registration with Indian authorities, allowing it to resume operations in the country after a compliance-related suspension. At the same time, Bybit is actively responding to a $1.4 billion hack attributed to the North Korea-linked Lazarus Group. Bybit Resumes Operations in India After Government Registration, Overcomes Historic $1.4B Hack Cryptocurrency exchange Bybit has officially registered with Indian government authorities, marking a significant milestone in its compliance efforts within the country. This development comes after the exchange was fined by India’s Financial Intelligence Unit (FIU) on Jan. 31 for violating the Prevention of Money Laundering Act (PMLA). As of Feb. 25, Bybit has restored all services to users in India, signaling its renewed commitment to operating within the country's regulatory framework. Bybit had initially suspended its services in India weeks before receiving the fine, citing concerns about compliance with local regulations. According to the FIU report, Bybit continued expanding its operations in the Indian market without obtaining the necessary registration, leading to a 9.27 crore rupee ($1.06 million) penalty. The persistent non-compliance ultimately prompted the FIU to block access to Bybit’s website under the Information Technology Act, effectively halting its operations in India. With its new registration, Bybit has now taken the necessary steps to align with Indian regulatory requirements, enabling it to resume business in one of the world’s largest cryptocurrency markets. Bybit’s return to India also shows the exchange’s broader commitment to regulatory adherence. With over 60 million users worldwide and operations in 1,174 markets, Bybit is a major player in the crypto trading space, making its compliance efforts in key jurisdictions vital for its long-term success. Bybit’s regulatory victory in India follows one of the most significant security breaches in cryptocurrency history. On Feb. 21, 2025, just days before the exchange resumed operations in India, it fell victim to a devastating hack by the North Korean-affiliated Lazarus Group. The attack resulted in the theft of over $1.4 billion worth of Ether (ETH)-related tokens, making it the largest crypto theft ever recorded. The breach exposed critical security vulnerabilities in centralized exchanges, with analysts highlighting the increasing sophistication of cybercriminal tactics in the crypto industry. Cybersecurity experts noted that the attack demonstrated the use of highly creative exploits, posing a growing challenge for even the most advanced security systems. Bybit’s Recovery and Financial Stability Despite the scale of the attack, Bybit swiftly responded to the crisis. By Feb. 22, an independent audit confirmed that the exchange still had more reserves than liabilities, ensuring the safety of user funds. However, the impact on Bybit’s assets was significant, with a reported $5.3 billion drop due to the hack and subsequent withdrawals. Bybit CEO Ben Zhou reassured users that the exchange had stabilized. On Feb. 22, he announced that withdrawals had returned to a normal pace, and the platform had successfully addressed the immediate aftermath of the security breach. In a public statement, Zhou expressed gratitude for the support received from the crypto community, stating, “Within 24 hours of the event, we were overwhelmed with support from some of the best people and organizations in the industry, and we do not take it for granted. We have shared in a dark moment of crypto history.” Bybit’s ability to navigate both regulatory and security challenges shows its resilience as a leading global cryptocurrency exchange. Its successful re-entry into the Indian market positions it for potential growth in a country with a rapidly expanding crypto user base, despite ongoing regulatory uncertainties. The exchange’s handling of the Lazarus Group hack also demonstrates its ability to withstand major security breaches while maintaining financial stability. Moving forward, Bybit will likely intensify its security protocols to prevent future attacks and reinforce trust among its users. As the crypto industry continues to evolve, exchanges like Bybit must balance regulatory compliance, security enhancements, and user confidence to thrive in an increasingly scrutinized and competitive landscape. Whether Bybit’s recent challenges serve as a learning experience or a harbinger of further struggles remains to be seen, but its latest developments shed light on the high stakes involved in the world of digital assets. Bybit CEO Declares War on Hackers After $1.4 Billion Crypto Heist In related news, less than a week after one of the largest hacks in cryptocurrency history, Bybit’s co-founder and CEO Ben Zhou has vowed to take decisive action against the perpetrators. The cryptocurrency exchange is now mobilizing efforts to track down and recover the stolen funds. In a Feb. 25 post on X, Zhou urged the crypto community to rally behind Bybit in a campaign against the North Korea-affiliated hacking group known as Lazarus. As part of this initiative, Bybit has launched a dedicated bounty website that offers financial rewards for those who help intercept illegally moved funds. “We have assigned a team to maintain and update this website, and we will not stop until Lazarus and bad actors in the industry are eliminated,” said Zhou. “In the future, we will open it up to other victims of Lazarus as well.” According to the bounty program, individuals who freeze stolen assets will be entitled to a 5% reward, while those who successfully recover funds will receive a 10% bounty—potentially amounting to as much as $140 million. Renowned blockchain security investigator ZachXBT identified Lazarus as the orchestrator of the Feb. 21 breach, which resulted in the theft of significant sums of liquid-staked Ether (stETH), Mantle Staked ETH (mETH), and other ERC-20 tokens. Bybit responded on Feb. 23, stating that it had fully replaced the stolen crypto and that client assets were back to 100% 1:1 reserves. While some firms opt to negotiate with hackers and offer them bounties in exchange for the return of stolen assets, Zhou’s aggressive stance signals a shift in how major exchanges handle cyber threats. Bybit’s call for a coordinated effort to combat the Lazarus Group could potentially make it a target for future attacks, heightening the need for advanced security measures. A Growing History of Crypto Heists Linked to North Korea North Korean-backed hackers have been responsible for stealing over $3 billion from cryptocurrency exchanges between 2017 and 2023, according to security reports. The Bybit breach stands as the most costly single exploit in the industry’s history, surpassing the infamous $600 million Ronin Bridge hack in 2022. Despite such alarming figures, blockchain security firm PeckShield reported in January 2024 that the number of hacks and scams has been declining since 2022. The firm attributed this trend to increased security awareness and improved defenses within the crypto ecosystem. However, phishing scams remain a significant threat, with billions lost to fraudulent schemes in recent years. The Bybit hack serves as a stark reminder of the persistent security challenges in the crypto space. While the exchange’s quick action to replace stolen assets demonstrates financial resilience, the broader implications of such an attack cannot be ignored. Industry leaders may need to reassess existing security protocols, strengthen defense mechanisms, and explore collaborative initiatives to mitigate the risks posed by state-sponsored cybercriminals. With Bybit now leading the charge against Lazarus, the crypto community will be watching closely to see whether the bounty initiative yields results—or if further security breaches will test the industry’s ability to combat increasingly sophisticated cyber threats.
The post The Next Big Crypto Plays: Qubetics Positioned as a Top Crypto Presale, SEI Price Prediction, and Theta’s Market Shake-Up! appeared first on Coinpedia Fintech News What if the next big crypto opportunity was unfolding now, and only early movers would benefit? The digital asset space is evolving fast, with projects disrupting industries and creating wealth-generating opportunities. SEI, trading at $0.265445, dipped 3.29% but surged 18% weekly, signaling bullish momentum. Theta, at $1.11, dropped 11.91%, yet AI integrations and EdgeCloud upgrades hint at major growth. Meanwhile, Qubetics ($TICS) is redefining blockchain interoperability, bridging major networks to solve cross-chain challenges—real-world innovation with billion-dollar potential, making it one of the top crypto presale . Qubetics: Redefining Interoperability in Blockchain Qubetics isn’t just another crypto project—it’s the missing piece in the blockchain puzzle. By solving interoperability issues, it enables seamless asset transfers, smart contract execution, and cross-chain communication between networks like Bitcoin, Ethereum, and Solana. This breakthrough eliminates fragmentation, making the entire crypto ecosystem more efficient. Think about businesses managing transactions across different blockchains. A company dealing in digital assets might need to transfer value between Solana and Ethereum but face delays due to inefficiencies. Qubetics changes that by acting as a decentralized bridge, allowing instant, cost-effective transactions. Similarly, decentralized applications (dApps) no longer need to limit themselves to a single blockchain, opening up limitless opportunities. Qubetics is currently in its 23rd presale stage, with over $14.1 million raised and more than 489 million $TICS tokens sold. The current price sits at $0.0888, and as the project moves closer to its mainnet launch, demand continues to surge. With such strong fundamentals, this could be one of the top crypto presale of the decade. SEI: The Rising Star of Scalable Blockchain Infrastructure SEI Network is making waves in the crypto space with its unique approach to scalability. Designed as the first blockchain specialized for trading, SEI optimizes speed and efficiency for financial applications. Its lightning-fast transaction finality and low fees make it an ideal choice for decentralized finance (DeFi) platforms, NFT marketplaces, and high-frequency trading. Recent market trends indicate strong momentum for SEI. Although its price recently dipped to $0.265445, it has surged 18% over the past week, breaking key resistance levels and attracting significant trading volume. Analysts predict that the project’s continued growth and upcoming integrations could make it a dominant force in blockchain trading infrastructure. With this bullish outlook, SEI price prediction remains optimistic, positioning it as a strong contender in the evolving crypto landscape. Theta Network: The Future of Decentralized Streaming Theta Network has long been a key player in decentralized streaming, but its recent innovations are pushing the boundaries of what’s possible in video content delivery. The introduction of AI-driven enhancements, like DeepSeek-R1, is making Theta’s infrastructure smarter, optimizing content distribution for users worldwide. Despite a recent 11.91% decline in its price to $1.11, Theta remains on track for growth. New EdgeCloud upgrades and a steady influx of strategic partnerships position it well for long-term success. As the demand for decentralized video streaming grows, Theta’s real-time, peer-to-peer content delivery model ensures that creators and consumers benefit from a more efficient, cost-effective alternative to traditional platforms. Conclusion: Seizing the Next Big Opportunity The cryptocurrency space is full of opportunities, but only those who act early benefit from the biggest gains. Qubetics, with its unmatched interoperability, is solving a problem that has long plagued blockchain networks. SEI’s trading-focused infrastructure is already proving its worth with strong adoption, and SEI price prediction remains optimistic. Meanwhile, Theta is setting the stage for a revolution in decentralized streaming. These aren’t just projects; they’re the next wave of blockchain innovation. As adoption grows and market conditions shift, the best time to explore these investments is now. Staying ahead in crypto means recognizing potential before it’s obvious—this is that moment. For More Information: Qubetics: https://qubetics.com Telegram: https://t.me/qubetics Twitter: https://x.com/qubetics FAQs What makes Qubetics different from other blockchain projects? Qubetics focuses on blockchain interoperability, enabling seamless transactions and smart contract execution across multiple networks. Why is Qubetics considered a top crypto presale? Qubetics is a top crypto presale due to its strong fundraising success, blockchain interoperability, and high growth potential. How does Theta Network stand out in decentralized streaming? Theta integrates AI technology and peer-to-peer content delivery, reducing costs for creators while improving streaming quality. Is Qubetics’ presale still ongoing? Yes, Qubetics is currently in its 23rd presale stage, with over $14.1 million raised and a growing number of token holders. What is the best way to invest in these projects? Investors should conduct thorough research, track market trends, and consider entering early before mass adoption drives prices higher.
Commissioner Christy Goldsmith Romero has said she’ll exit the CFTC once Donald Trump’s pick for chair, Brian Quintenz, is confirmed by Congress, Reuters reports.
Dubai, 24 February – The countdown has begun for the most disruptive event in the Web3 history: CoinFerenceX – This First-of-its-Kind Decentralized Summit will unite blockchain visionaries, crypto innovators, investors, and startups to shape the future of the industry. Unlike Traditional events run by centralized organizations, CoinFerenceX introduces a decentralized governance model where 10 select Board Partners will share Strategic power and benefit from a 10% revenue pool . This revolutionary approach ensures that companies—not just organizers—shape the event’s direction, creating unparalleled value for all participants. What Makes CoinFerenceX Revolutionary? Decentralized Governance : Decisions on event flow and structure are made by industry-leading companies, ensuring a collaborative approach to maximize value for all participants. Unmatched ROI : With a focus on measurable returns, CoinFerenceX is designed to provide sponsors and participants with tangible benefits—unlike the traditional event models that fall short on ROI. Cutting-Edge Content : Featuring over 150+ speakers , 250+ innovative startups , and 7,000+ attendees , this is where ideas and opportunities collide. An Event for the Community : Moving away from overpriced booths and exclusivity, CoinFerenceX is built to empower companies with impactful exposure and meaningful connections. Event Highlights Date : 28-29 April 2025 Location : Dubai | UAE Speakers : 150+ Expected Attendance: 7,000 Opportunities : Booths, sponsorships, and networking with VCs, innovators, and leaders in Web3. Web3 is built on decentralization—so why are its biggest events still centralized? Rotating ownership Community-driven agenda A true Web3 experience Dubai | April 28-29 The future of Web3 events starts here. Are you in? Watch the video & join the movement pic.twitter.com/5f4xrok1Hu — Coinference X (@CoinferenceX) February 7, 2025 A Movement, Not Just an Event “CoinFerenceX isn’t just another event; it’s a movement. We’re creating a model where companies actively shape the event, ensuring unparalleled value for everyone involved,” said Prince Gupta, Chairperson of CoinFerenceX. “This is the future of industry gatherings—decentralized, transparent, and focused on real ROI.” Ticket Options for Every Attendee To ensure accessibility and inclusivity, CoinferenceX offers three ticket types , including a Free Ticket for attendees who want to experience the core aspects of the event. Free Ticket : Access to keynote sessions and select networking opportunities. Premium Tickets : Unlock full access to workshops, VIP networking lounges, and the exclusive Web3 startup pitch competition. VIP Tickets : Enjoy priority access to all event areas, exclusive one-on-one meetings with investors, and premium seating during key sessions. Don’t miss your chance to join the Web3 revolution! Whether you’re an industry leader, a startup founder, or simply curious about the future of blockchain, there’s a ticket for everyone. Register now at coinferencex.com/tickets and secure your spot—free or premium! Why Join? Be part of the Web3 revolution with top industry leaders. Shape the future of decentralized events and showcase your brand to a global audience. Take advantage of limited-time sponsorship and Board Partner opportunities. Get In Touch For further information on sponsorship opportunities, ticketing, or any inquiries, please reach out to the team: Email: contact@coinferencex.com Telegram: t.me/CoinferenceXHQ Connect with us on social media for the latest updates and join the movement as we revolutionize the future of Web3. We look forward to seeing you in Dubai! Get Involved Be a part of CoinferenceX , the event that’s redefining how industry conferences are shaped and experienced. With limited sponsorship slots available across various tiers, this is your opportunity to gain unparalleled exposure, build impactful connections, and lead the Web3 revolution. Secure your spot today and make history with us! For more information, visit CoinferenceX.com or email at contact@coinferencex.com
Aya Miyaguchi transitions to President at the Ethereum Foundation, aiming to enhance institutional relationships amid evolving challenges. In her new role, Miyaguchi emphasizes the importance of Ethereum’s cultural growth as
Schaaf’s comments sound very similar to ECB President Christine Lagarde’s stance against Bitcoin in central bank reserves. Meanwhile, Bitcoin’s recent price drop below $90,000 triggered a sell-off in US spot ETFs and sent Strategy’s stock plummeting. This caused some concerns about the sustainability of its aggressive Bitcoin accumulation strategy. Despite volatility, analysts are still optimistic about Strategy’s long-term prospects. GameStop received a proposal from Strive Asset Management urging it to also allocate its cash reserves into Bitcoin. ECB Adviser Criticizes Bitcoin’s Economic Utility An adviser to the European Central Bank (ECB) recently reiterated the institution’s negative stance on Bitcoin (BTC), and countered discussions in the United States about the potential creation of a strategic Bitcoin reserve. Jürgen Schaaf , an ECB adviser, argued that national Bitcoin reserves are a risky idea, and said that the cryptocurrency lacks any real economic necessity or relevant usage compared to traditional reserves like oil and gas. Schaaf’s position is very similar to ECB President Christine Lagarde’s recent statements , in which she dismissed the possibility of Bitcoin being added to central bank reserves across Europe. According to Schaaf, strategic reserves typically serve a purpose beyond speculation, like stabilizing import prices or securing raw materials. He also pointed out that reducing public debt is a priority for Europe and the US rather than pursuing investments in volatile assets. Jürgen Schaaf The ECB adviser also mentioned Bitcoin’s extreme volatility, illicit use, and susceptibility to manipulation as reasons why it is unsuitable for central banks. He dismissed the notion that Bitcoin could stabilize the euro or provide any significant benefit to financial institutions by arguing instead that it will encourage speculation and wealth redistribution. Beyond Bitcoin, Schaaf ruled out the idea of central banks holding diversified crypto asset reserves, and stated that adding multiple cryptocurrencies will only amplify concerns about volatility and speculative exposure. He held firm that digital assets very often lack fundamental economic utility, making them an impractical choice for central banks. His remarks were made at a time of turbulence in the crypto markets, with $1.5 billion in liquidations recorded over the past 24 hours. Bitcoin also saw a sharp decline, and even dropped below $88,000 for the first time since mid-November. Despite the ECB’s skepticism, some Bitcoin advocates still argue that the crypto could play a role in managing national debt. Asset management firm VanEck suggested in December that the US could reduce its national debt by 35% over the next 24 years if it created a reserve of one million BTC. This estimation aligns with a bill proposed by Senator Cynthia Lummis, who has long advocated for Bitcoin’s adoption as a financial tool for the US government. On the other hand, skeptics are still concerned whether Bitcoin accumulation will actually have any meaningful impact on the country’s rising $35 trillion debt. Bitcoin Drop Hits Strategy’s Stock Price Just how volatile Bitcoin can be was brought to light by the latest market downturn. Shares of Strategy declined by close to 16% since the start of the year, thanks to Bitcoin’s ongoing market correction. The drop in the company’s stock price reignited concerns about the sustainability of its aggressive Bitcoin acquisition strategy. Strategy stock price over the past month (Source: Google Finance ) The Kobeissi Letter , a market analysis firm, pointed out that Strategy’s business model heavily depends on its ability to raise additional capital, using its growing Bitcoin treasury as collateral. Analysts warned that if the company’s liabilities were to surpass its assets significantly, its ability to secure more funding could be jeopardized. Despite these concerns, stock analysts are still optimistic about Strategy’s potential for a recovery. On Feb. 6, analysts at Benchmark raised the company’s price target to $650, due to their confidence that it will continue to aggressively raise capital to fuel its Bitcoin accumulation strategy throughout the year. Since 2020, Strategy spent more than $33 billion buying Bitcoin at an average cost of around $66,000 per coin, leading to an unrealized profit of more than $10 billion. The company financed its Bitcoin purchases through a mix of stock issuances and approximately $9.5 billion in convertible debt. With most of its debt not maturing until 2027 or later, Strategy faces minimal risk of being forced to liquidate its Bitcoin holdings due to short-term price fluctuations. The Kobeissi Letter mentioned that for the company to face financial distress, Bitcoin’s price will need to drop more than 50% from current levels and stay there beyond 2027. Bitcoin’s price action over the past 24 hours (Source: CoinMarketCap) On Feb. 25, Bitcoin fell below $90,000 for the first time since November of 2024, driven by sell-offs in US spot Bitcoin ETFs. That same day, Strategy’s stock plummeted by over 10% to around $245, which was a nearly 50% decline from its all-time high of $473 in November. The stock had surged last year after the company announced its ambitious plan to buy $42 billion worth of Bitcoin by 2027. Other companies that adopted similar Bitcoin treasury strategies, like Semler Scientific, also saw big declines, with Semler’s stock dropping more than 20% since the beginning of the year. Despite the recent downturn, Benchmark analysts are confident in Strategy’s ability to generate “Bitcoin yield,” which is a metric that assesses the ratio of BTC holdings to outstanding shares. They argue that Bitcoin yield, rather than market capitalization relative to net asset value, serves as a much more meaningful indicator of the company’s financial health. Strategy is aiming for a Bitcoin yield of 15% in 2025. Bitcoin Treasury Could Transform GameStop GameStop Corp recently acknowledged that it received a letter from Strive Asset Management urging the company to invest its $4.6 billion cash reserves into Bitcoin. CEO Ryan Cohen confirmed on Feb. 26 that he received the proposal from Strive CEO Matt Cole, who suggested GameStop use market offerings to fund additional Bitcoin purchases. The idea attracted reactions from many industry figures, including Swan Bitcoin’s John Haar who stated that such a move will shock traditional finance investors who dismissed both Bitcoin and GameStop as speculative assets. GameStop became a big name in the 2020 and 2021 meme stock frenzy, with its stock surging nearly 11,500% during that period. More recently, reports surfaced on Feb. 13 that the company was exploring investments in Bitcoin and alternative assets. Cole’s letter reinforced this, advising GameStop to buy more Bitcoin through equity issuances and convertible debt while cutting losses by shutting down underperforming stores and expanding its online presence. According to Cole, a Bitcoin treasury will transform GameStop from a meme stock into a market leader by offering a hedge against inflation and securing long-term shareholder value. He also recommended that GameStop avoid investing in other cryptocurrencies. Cohen’s engagement with the Bitcoin community raised speculation about GameStop’s potential shift in strategy, particularly after he was recently pictured with Michael Saylor, chairman of Strategy. Strategy’s approach has already inspired other firms like Metaplanet and Semler Scientific to follow suit.
Tuesday was a rough day for the crypto market, as bitcoin (BTC) fell to three-month lows below $87,000, dragging the broader market down. More importantly, investors withdrew funds from U.S.-listed spot bitcoin exchange-traded funds (ETF) at an unprecedented rate. The 11 spot ETFs registered a cumulative net outflow of $937.78 million, the most significant single-day redemption since the funds began trading in January 2024, according to data tracked by SoSoValue . Fidelity's FBTC saw the most outflow, totaling $344.65 million, followed by $164.37 million in redemptions from BlackRock's IBIT. The remaining funds registered outflows of less than $100 million each. The weakening appetite for these ETFs could be attributed to the decline in the premium in the CME-listed bitcoin futures, which has dented the appeal of the cash and carry arbitrage. Moreover, these BTC and ETH carry trades now offer barely more than the U.S. 10-year Treasury note, which offered a yield of 4.32% at press time. The strategy, heavily favored by institutions since early last year, involves buying the spot ETF and simultaneously selling the CME futures to pocket the premium while bypassing the price direction risks. According to Velo Data, the annualized one-month basis (premium) in the CME bitcoin futures dropped to 4% Tuesday, the lowest in nearly two years, and down significantly from almost 15% in December. In other words, the yield available on the cash and carry strategy has declined dramatically in two months. The basis in ether futures has also declined sharply to around 5%. The spot ether ETFs listed in the U.S. witnessed a total outflow of $50 million Tuesday.
In a recent development, Nate Geraci, the President of The ETF Store, highlighted a bold proposition from Strive’s CEO, Matt Cole. On February 24, Cole reached out to GameStop’s Chairman
The U.S. Securities and Exchange Commission (SEC) has scheduled a closed-door Sunshine Act Meeting for February 27, 2025. According to publicly available documents, the meeting will be held remotely and at the SEC’s headquarters in Washington, D.C. As this meeting is not open to the public, speculation has emerged regarding the potential discussion of digital assets, particularly XRP. Crypto analyst AllinCrypto recently highlighted this development, noting that XRP is directly referenced in related documents for the meeting. The SEC will hold another Sunshine Act meeting on February 27. This time, $XRP is directly mentioned in related documents for discussion at the meeting. [SOURCE: https://t.co/jdFXVT3sre ] pic.twitter.com/OkdjLTlsJk — ALLINCRYPTO (@RealAllinCrypto) February 24, 2025 Specifically, the agenda includes discussions on the institution and settlement of injunctive actions, the institution and settlement of administrative proceedings, and other matters relating to enforcement proceedings. While the SEC has not explicitly stated whether XRP will be a central topic of discussion, a separate filing related to a proposed XRP exchange-traded fund (ETF) further fuels speculation. Bitwise XRP ETF Proposal and SEC Considerations A filing submitted by Cboe BZX Exchange, Inc. on February 6, 2025, proposes the listing and trading of the Bitwise XRP ETF . The proposal falls under BZX Rule 14.11(e)(4), which governs the listing and trading of Commodity-Based Trust Shares. The sponsor of the trust, Bitwise Investment Advisers, LLC, has filed a registration statement with the SEC to make the ETF available to investors. The filing states that the trust does not function as an investment company under the Investment Company Act 1940 and is not classified as a commodity pool under the Commodity Exchange Act (CEA). Additionally, the sponsor is not subject to regulation as a commodity pool operator or commodity trading adviser. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Since 2017, the SEC has assessed and ruled on various exchange filings related to spot-based Commodity-Based Trust Shares, often evaluating whether the listing exchange has a comprehensive surveillance sharing agreement with a regulated market of significant size. The same criteria will likely apply to the Bitwise XRP ETF proposal. Implications of the SEC Meeting and XRP’s Regulatory Status The timing of the SEC’s Sunshine Act Meeting and the XRP ETF filing has drawn attention, as the regulatory agency continues to navigate enforcement actions and policy decisions regarding digital assets. The closed nature of the meeting suggests that sensitive legal and regulatory matters will be addressed, which could have implications for the broader cryptocurrency market. For XRP, the SEC’s stance remains a focal point following its ongoing legal battle with Ripple Labs. While the proposed ETF is separate from Ripple’s activities, any discussion or decision regarding XRP-related financial products could signal the agency’s evolving position on the asset’s classification and market participation. Market participants and analysts will closely watch for post-meeting developments or additional regulatory filings that may provide insight into the SEC’s considerations. 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 XRP Is Directly Mentioned In SEC Sunshine Act Meeting Holding Tomorrow appeared first on Times Tabloid .