Recent data from Onchain Lens highlights notable movements within the cryptocurrency market, particularly involving a significant *whale* transaction. A holder of *1.32 million SOL*, equivalent to approximately *$192 million*, executed
The post Breaking: XRP ETF Approved, But it’s Not Spot ETF appeared first on Coinpedia Fintech News The U.S. Securities and Exchange Commission (SEC) has approved the first-ever XRP futures ETF, launched by ProShares. This ETF is expected to go live on April 30th, 2025. While it’s not a spot ETF — which tracks the actual price of XRP — it’s still a huge step forward for XRP’s recognition on Wall Street. The ETF approval comes just a few years after Ripple, the company behind XRP, was locked in a long legal battle with the SEC. Now, XRP is moving from courtrooms to trading floors, joining the ranks of Bitcoin and Ethereum, which already have both futures and spot ETFs. Some investors were unsure at first, asking, “Why futures and not spot?” But futures ETFs are often the first step. This was the path for Bitcoin and Ethereum, and experts believe a spot XRP ETF could be next. Futures trading allows big institutional investors to take positions on XRP, whether the market goes up or down — a common and healthy part of mature financial markets. BREAKING: SEC Approves an $XRP ETF — and It's HUGE No, it’s not a Spot ETF yet. It’s a Futures ETF — but don’t underestimate what this means. Here’s the breakdown: Wall Street attention: Big players have a way to trade XRP. Mainstream legitimacy: XRP is officially… pic.twitter.com/AWHTBjijeR — Armando Pantoja (@_TallGuyTycoon) April 27, 2025 Experts called the approval a game-changer, pointing out that this move gives major players a way to legally and securely trade XRP. And the good news doesn’t stop there. In Brazil, the XRP H11 ETF has just launched on the country’s main stock exchange, making it the first XRP-focused ETF in the world. This global momentum suggests XRP is no longer being left behind. Just a few years ago, XRP was under heavy legal scrutiny. Now, it’s being listed on international exchanges, with regulated investment products opening the door for more adoption. From being targeted by regulators to becoming a favorite of institutional investors — XRP is clearly turning the page.
In a significant development within the cryptocurrency landscape, it has been reported that Whale 2muGo…WsJTh has executed a substantial withdrawal of 92,460 TRUMP tokens from the Binance exchange. This transaction,
In a significant update within the **cryptocurrency** landscape, Gate.io has unveiled its MemeBox application on April 28, 2025. This new platform empowers users to effortlessly transact with on-chain assets, streamlining
Bitget has vowed to airdrop the recovered funds to users as questions swirl around the cause of the exploit.
Nike has been hit with a class-action lawsuit that accuses the sportswear giant of operating a rug pull for shuttering its non-fungible token (NFT) platform RTFKT in January. A group of RTFKT users led by Jagdeep Cheema claimed in the proposed class suit filed in a Brooklyn federal court on April 25 that they suffered “significant damages” as a result of Nike touting its sneaker-themed NFTs to gain investors, then shuttering the platform. The suit claimed the NFTs were unregistered securities, as Nike sold them without registering with the Securities and Exchange Commission. It accused the company of using “its iconic brand and marketing prowess to hype, promote, and prop up the unregistered securities that RTFKT sold.” “Because the Nike NFTs derived their value from the success of a given promoter and project — here, Nike and its marketing efforts — investors purchased this digital asset with the hope that its value would increase in the future as the project grows in popularity based on the Nike brand,” the lawsuit argued. The class suit claimed investors suffered damages due to Nike shutting its NFT platform. Source: CourtListener The lawsuit asks for $5 million in damages, claiming Nike broke consumer protection laws and violated various state unfair trade and competition laws. A US court hasn’t definitively ruled on whether NFTs are securities. Still, in an April 9 letter to the SEC, marketplace OpenSea urged the regulator to exclude NFTs from federal securities laws, arguing they don’t meet the legal definition of a security. In its case against Nike, the class group said that the court doesn’t necessarily need to rule on the legal status of NFTs to address the complaint. NFT market value dips In 2021, Nike acquired the NFT firm RTFKT Studios, which created virtual sneakers. According to the complaint, holders of the resulting Nike NFTs were told the tokens could be traded peer-to-peer on the secondary market and used to complete challenges and quests that could lead to rewards. Nike’s crypto kick NFT collection was changing hands for an average of 3.5 Ether ( ETH ), or around $8,000 when they were first listed on April 18, 2022, but were trading for around 0.009 Ether, or roughly $16 as of April 21, according to OpenSea. Nike NFTs have seen a sharp drop in value since they were first listed. Source: OpenSea Nike shut down RTFKT in January , which the class suit claims decimated investors when “prices plunged and did not recover,” and also took away the chance to take part in the challenges and quests, which the group argued was a primary reason for purchasing the tokens. Related: RTFKT’s CloneX avatars reappear after issue blacks out NFTs The overall NFT market dropped sharply in the first quarter of 2025, with sales plunging 63% year-over-year, to $1.5 billion in total sales from January to March 2025, down from $4.1 billion during the same period in 2024. Nike did not immediately respond to a request for comment. Magazine: Financial nihilism in crypto is over — It’s time to dream big again
Bitcoin price is correcting gains from the $95,000 zone. BTC is back below $94,000 and might test the $91,200 support zone in the near term. Bitcoin started a minor downside correction below the $94,000 zone. The price is trading below $94,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $94,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $94,200 zone. Bitcoin Price Starts Downside Correction Bitcoin price remained stable above the $90,000 level and started a fresh increase . BTC was able to climb above the $91,500 and $94,000 resistance levels. The bulls were able to pump the price above the $94,500 resistance. The recent high was formed at $95,348 and the price started a downside correction. There was a drop below the $94,500 and $94,000 levels. A low was formed at $92,900 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $95,348 swing high to the $92,900 low. Bitcoin price is now trading below $94,000 and the 100 hourly Simple moving average . There is also a connecting bearish trend line forming with resistance at $94,000 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $93,650 level. The first key resistance is near the $94,000 level. The next key resistance could be $94,150 and the 50% Fib retracement level of the downward move from the $95,348 swing high to the $92,900 low. A close above the $94,150 resistance might send the price further higher. In the stated case, the price could rise and test the $94,500 resistance level. Any more gains might send the price toward the $95,500 level. More Losses In BTC? If Bitcoin fails to rise above the $94,000 resistance zone, it could continue to move down. Immediate support on the downside is near the $92,800 level. The first major support is near the $92,000 level. The next support is now near the $91,500 zone. Any more losses might send the price toward the $90,500 support in the near term. The main support sits at $90,000. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $92,800, followed by $92,000. Major Resistance Levels – $94,000 and $94,150.
Ethereum’s latest proposal aims to significantly enhance its transaction capabilities, potentially allowing up to 2,000 transactions per second (TPS), a major step forward for blockchain efficiency. This ambitious plan, spearheaded
In a notable development on April 28th, COINOTAG reported a significant activity on the blockchain as a newly established **whale address** made a striking move. According to data from **LookIntoChain**,
The post Pi Coin Price Drops 4% as New Whale Buys 48 Million Tokens: What It Means for Investors appeared first on Coinpedia Fintech News Pi Coin’s price has dropped by more than 4% and is now trading at around $0.61. It’s currently moving sideways, stuck between resistance at $0.68 and support at $0.617. Technical charts, including the Ichimoku Cloud and RSI, show that the market is unsure about its next move. There is a key resistance level at $0.706 — if Pi breaks above that, the price could quickly jump by 10%. Still, Pi Coin is down nearly 80% from its high earlier this year, making it one of the worst performers in the market right now. 48M Pi just accumulated by wallet GASW (opened on 06/03/2025), with ZERO locked Pi. Could it be a corporation, a big organization, or even a government? While Pioneers lose hope, giant players are silently scooping it all. If they agree on a price >$100, Pi Network will… pic.twitter.com/zEDSsnKtoz — Pi Network VietNames (@PiNetworkVNes) April 26, 2025 However, something interesting is happening behind the scenes. A wallet named “GASW,” created on March 6, 2025, just bought 48 million Pi coins — and none of them are locked. This could mean that a major player, like a company, institution, or even a government, is getting involved. Other Positive Catalysts: Binance, one of the biggest cryptocurrency exchanges, has shared new listing guidelines that have caught the attention of the crypto world — especially fans of Pi Coin. Since the platform now has more direct rules for adding new tokens, many believe this could open the door for Pi Coin to be listed on Binance soon. Meanwhile, the Pi Network team recently shared a roadmap for their migration process to improve transparency and respond to user concerns. However, the update left many disappointed, as it didn’t include details like how many users are still waiting or how many accounts can be migrated each day. Looking ahead, the Pi Network is set to attend the Consensus 2025 event, which could bring major news and updates for the Pi community.