Nexo, the digital wealth platform with $11 billion in assets under management, has announced its re-entry into the U.S. market, unveiling its product suite at an exclusive business event. The announcement featured keynote addresses from Donald Trump Jr., Executive Vice President of The Trump Organization; Gila Gamliel, Israel’s Minister of Innovation, Science, and Technology; and
The post When Will Grayscale’s XRP ETF Finally Get Approved? appeared first on Coinpedia Fintech News XRP’s journey through the crypto space has been nothing short of remarkable. With ProShares’ recent filing for a futures-based “Short XRP ETF,” set to launch as early as April 30, 2025, it’s clear that XRP is stepping into the spotlight. But while this is a significant development, the question on many investors’ minds is: When will Grayscale’s XRP ETF get approved? Grayscale, one of the biggest names in crypto investment, has yet to see its XRP ETF proposal approved, despite growing momentum for XRP-based financial products. ProShares is not the only one entering the space—Hashdex’s launch of XRPH11, the world’s first spot XRP ETF, directly tied to the Nasdaq XRP Reference Price Index, shows that demand for XRP-linked investment vehicles is skyrocketing. XRP ETFs: Growing Interest Amidst Regulatory Scrutiny XRP has surpassed many altcoins, including Solana, Litecoin, and Dogecoin, in terms of ETF filings, and now stands as the top altcoin in this regard. According to research by Kaiko, XRP has more ETF filings than any other altcoin, showcasing a surge in interest. With a solid track record in liquidity, XRP is becoming an increasingly attractive asset for both institutional and retail investors. Its liquidity makes it easier to buy and sell at a stable price, a crucial factor for regulators when considering approval for financial products like ETFs. This growing demand for XRP ETFs, combined with increased filings from major players like Bitwise, 21Shares, and CoinShares, signals a shift toward broader institutional acceptance. However, the most anticipated move remains Grayscale’s potential XRP ETF approval. The Ripple Effect of a Possible Ripple Settlement The buzz around XRP has been amplified recently by crypto analyst John Squire, who hinted at a possible settlement between Ripple and the SEC. Such a resolution could significantly impact the approval process for XRP-based ETFs. Squire views ProShares’ filing as a pivotal step in XRP’s transition from a niche asset to an integral part of traditional financial systems. Even figures like Paul Atkins, a prominent regulatory expert, have begun to recognize XRP’s potential as essential infrastructure for the future of finance. When will the Grayscale XRP ETF be approved? With ProShares leading the way, the big question is whether Grayscale’s XRP ETF will be approved next. If approved, this would provide investors with an accessible and regulated way to gain exposure to XRP, driving further growth and legitimacy for the cryptocurrency. As of now, XRP’s future in the financial landscape looks promising, but the real game-changer will be the SEC’s decision on Grayscale’s proposal. With a settlement potentially on the horizon, the countdown to regulatory approval has begun. Stay tuned as the crypto world eagerly anticipates the next chapter for XRP. FAQs What is an XRP ETF? An XRP ETF (Exchange-Traded Fund) is a financial product that allows investors to gain exposure to the price movements of XRP, the cryptocurrency associated with Ripple, without directly owning the digital asset. What are ProShares’ new XRP ETFs, and how do they differ? ProShares is launching three XRP ETFs: an Ultra XRP ETF (2x leverage), a Short XRP ETF, and an Ultra Short XRP ETF (-2x leverage). The Ultra ETFs offer leveraged exposure to XRP, while the Short ETFs allow investors to profit from XRP price declines. When is Grayscale’s XRP ETF expected to be approved? Grayscale’s XRP ETF filing is currently under review by the SEC, with a critical deadline set for May 22. The approval of this spot ETF could pave the way for more traditional financial products tied to XRP. How can I invest in XRP ETFs? Once approved and launched, XRP ETFs can be purchased through brokerage accounts that offer access to U.S. or international stock exchanges. Investors should consult with financial advisors to understand the risks and suitability of these products for their investment portfolios.
TL;DR Most of the cryptocurrency market has stalled over the past 24 hours, but XRP has emerged as the top gainer from the larger-cap alts. This comes amid positive news on the Ripple ETF front, albeit not what the XRP community anticipates. Bitcoin, alongside most of the market, had a quiet weekend, but prices started to fall on Monday morning. BTC dropped by a few grand from over $94,500 to under $93,000 before it recovered to the starting lines. Consequently, bitcoin and most alts sit at essentially the same levels as yesterday. In contrast, XRP dipped to $2.16 yesterday before it shot up to a multi-day peak of almost $2.3. Although it has retraced slightly since then, the fourth-largest cryptocurrency is still 5% up on the day, outperforming all top 25 alts. The most evident reason for this is the approval of three Ripple ETFs in the United States. ProShares got the green light to launch Ultra XRP ETF (which has 2x leverage), Short XRP ETF, and Ultra Short XRP ETF (-2x leverage again). ICYMI: ProShares has received SEC approval to launch three $XRP ETFs: Ultra $XRP ETF (2x leverage), Short $XRP ETF, and Ultra Short $XRP ETF (-2x leverage). These funds will track #XRP futures prices, offering traders opportunities for long and short positions. pic.twitter.com/VXzVyOgn9x — CryptoPotato Official (@Crypto_Potato) April 28, 2025 The products are similar to the leverage XRP ETFs released by Teucrium earlier this month. Although they are not the spot Ripple ETFs expected by the community, it seems that the most recent approvals have given XRP’s price a notable bump over the weekend and Monday morning. Popular crypto analysts believe the eventual approval of spot XRP ETFs will have a groundbreaking effect on the underlying asset’s price, with some shocking predictions setting targets of up to $100. More on the latest wild XRP predictions can be found here . The post Why Is Ripple’s (XRP) Price Up Today? appeared first on CryptoPotato .
The post Adam Back Predicts Bitcoin Price Will Hit $500K to $1M by 2025 End appeared first on Coinpedia Fintech News In the world of Bitcoin, few voices carry as much authority as Adam Back, CEO of Blockstream and a figure often rumored to be Satoshi Nakamoto himself. Now, Back has made a bold Bitcoin price prediction that’s grabbing the crypto world’s full attention, he expects Bitcoin to soar to $500,000 and possibly even $1 million by the end of 2025. Here’s why he thinks this could happen. Bitcoin Is In an Early Bull Run As of now, Bitcoin is trading around $94,179, but Adam Back thinks this is just the beginning of a massive bull run. According to him , we are still in the early stages of a major Bitcoin cycle fueled by historic levels of demand. With spot ETFs now live, big Wall Street firms jumping in, and sovereign wealth funds eyeing Bitcoin, the competition to secure the limited supply is stronger than ever. Big Players Are Buying Up Bitcoin Fast Adam points out that there’s a wave of new capital entering the market. ETFs are buying up twice the amount of Bitcoin that’s being mined daily. Meanwhile, companies like MicroStrategy and a growing number of institutional investors are aggressively adding Bitcoin to their balance sheets. Even retail investors are stacking sats through steady dollar-cost averaging. Global Domino Effect Could Be Coming But that’s not all. Adam believes that once a big country starts buying Bitcoin as a reserve asset, a domino effect will follow. Other nations won’t want to be left behind. This, combined with increasing interest from pension funds and mutual funds, could create a buying pressure like we’ve never seen before. Adam Back: BTC to Hit $500K–$1M By 2025 End Based on all these trends, Back expects Bitcoin to reach somewhere between $500K and $1 million by the end of this cycle, potentially even before 2025 closes out. He thinks that calling $100K a top would be far too low, considering how things are lining up. However, a similar prediction Adam Back made on the Milk Road Podcast , Back said Bitcoin could first hit $500,000 and then climb to $1 million. He also pointed out that after the last few halving, Bitcoin’s price gains have slowed down. Who is Adam Back? Adam Back is the CEO of Blockstream and a legendary figure in the Bitcoin space. He is even rumored by some to be Satoshi Nakamoto, Bitcoin’s anonymous creator. What is a Bitcoin ETF? A Bitcoin ETF lets investors buy Bitcoin exposure through traditional stock markets without holding the cryptocurrency directly, making Bitcoin investment easier and safer for institutions and individuals. How high will Bitcoin go in 2025? According to Adam Back, Bitcoin could reach $500,000 to $1 million by the end of 2025, driven by ETF inflows, institutional buying, and limited supply.
The post XRPFi Launch Tomorrow: Flare’s Big Reveal to Transform XRP Staking! appeared first on Coinpedia Fintech News Exciting developments are unfolding for XRP holders as Flare Networks prepares to launch XRPFi, a new decentralized finance (DeFi) ecosystem focused on XRP. Set to go live tomorrow, XRPFi will introduce smart contract capabilities to XRP, enabling users to stake, lend, borrow, and trade XRP-based assets directly on the Flare blockchain. Crypto analyst Angelica Saldaña broke the news, highlighting how XRPFi will open up new avenues for XRP holders. The platform will allow users to earn rewards, engage in lending and borrowing, and explore yield strategies, all while operating within the familiar XRP ecosystem. This is seen as a significant step in enhancing XRP’s real-world utility. A Game-Changer for XRP Holders For years, XRP holders had limited options beyond simply holding their tokens. Unlike other cryptocurrencies, XRP lacked the tools to tap into the growing DeFi market. Flare Networks is changing this by introducing FXRP, a new version of XRP that can be used on the Flare blockchain. This innovation allows users to mint FXRP, enabling them to lend, borrow, and earn rewards without relinquishing ownership or relying on external parties. It’s a breakthrough that provides XRP holders with newfound freedom and security. Flare’s Bigger Vision for DeFi XRPFi is imminent!! Flare will kickstart it, expand it, and make it institutional-ready 1⃣ Start: The FAssets v1 mainnet launch is approaching. With scaled, trust-minimized bridging for non-smart contract chain tokens like XRP, DOGE, and BTC, Flare will unlock a new influx… pic.twitter.com/jOwlkWiJbv — Flare (@FlareNetworks) March 2, 2025 Flare is also enhancing the system by offering real-time price updates, eliminating the need for external services. The company’s ambition doesn’t stop at XRP. Plans are in motion to extend support to other leading cryptocurrencies, including Bitcoin, Ethereum, Dogecoin, and Solana, further solidifying Flare’s position in the DeFi space. For XRP, this marks a significant turning point. After years of waiting, XRP is finally entering the world of decentralized finance, and Flare Networks is making sure it’s equipped to lead the way. This launch could unlock exciting opportunities for the XRP community, placing the token at the forefront of the DeFi revolution.
A cohort of non-fungible token holders has filed a class-action lawsuit against Nike over the abrupt shutdown of its RTFKT platform. According to a filing with the U.S. District Court for the Eastern District of New York, the plaintiffs claim Nike carried out a “rug pull” by promoting sneaker-themed NFTs, pocketing profits from initial and secondary sales, and then shutting down RTFKT in January 2025, leaving holders with steep losses and worthless assets. The lawsuit, led by an RTFKT holder, Jagdeep Cheema, seeks $5 million in damages and calls for a trial by jury to decide the claims. It accuses Nike of violating consumer protection laws and selling unregistered securities. Plaintiffs argue that the Nike NFTs meet the criteria for securities under the Howey Test, as buyers made an investment of money in a common enterprise with an expectation of profits tied to Nike’s ongoing efforts. “As this type of digital asset is properly classified as a security under relevant law, the issuers of this type of token are required to register them and file relevant statements with the authorities and comply with relevant securities laws. The Nike NFTs were never registered as such,” the lawsuit noted. You might also like: TRUMP developers remove $4.6m from liquidity pool, raising rug pull concerns Nike acquired RTFKT in December 2021, during the peak of NFT mania, positioning the move as part of its bigger push into the digital world. At the time, RTFKT was praised for blending fashion, gaming, and blockchain tech in ways that captured huge attention across the crypto and sneaker communities. The studio quickly became a standout name, with projects like CloneX and Cryptokicks generating millions in sales. Early buyers were promised a gamified experience with quests, forging events, and exclusive drops that tied digital collectibles to real-world rewards. However, as the broader NFT market cooled throughout 2023 and 2024, interest in RTFKT’s collections also started to fade. In December 2024, Nike announced RTFKT would wind down after one final release, the “Blade Drop,” describing the move as a shift toward preserving RTFKT’s legacy rather than an outright shutdown. The plaintiffs argue that Nike’s withdrawal crushed the value of the NFTs, many of which had once traded for thousands of dollars, and wiped out promised ecosystem features like quests, rewards, and exclusive access to limited-edition products. Nike and RTFKT had also allegedly promoted the NFTs with promises of peer-to-peer trading and an active ecosystem where completing challenges and forging sneakers would add real value. After the shutdown, those features disappeared, the secondary market dried up, and NFT prices collapsed almost overnight. “Predictably, prices plunged and did not recover. Investors – some of whom are cited in this complaint – and the crypto community at large lamented Nike’s brazen rug pull,” the lawsuit added. Read more: Biggest crypto rug pulls of 2024: looking back
The Ethereum/Bitcoin ratio reaches a five-year low, signaling market concerns. Competition from other blockchains hampers Ethereum's market position. Continue Reading: Ethereum’s Struggle: Why Its Value Declines Against Bitcoin The post Ethereum’s Struggle: Why Its Value Declines Against Bitcoin appeared first on COINTURK NEWS .
As the dialogue around cryptocurrency regulation intensifies, Coinbase’s legal chief Paul Grewal argues for a fundamental shift within the SEC’s operational structure. The inability for SEC staff to engage with
In recent insights shared by COINOTAG News on April 28th, analyst Julio Moreno from CryptoQuant highlighted a significant uptick in market sentiment. The Bitcoin Bull Market Index has achieved a
Cardano price started a fresh increase from the $0.620 zone. ADA is consolidating near $0.70 and eyes more gains above the $0.720 zone. ADA price started a recovery wave from the $0.650 zone. The price is trading above $0.680 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $0.7180 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.720 resistance zone. Cardano Price Faces Resistance In the past few sessions, Cardano saw a fresh decline from the $0.7350 level, like Bitcoin and Ethereum . ADA declined below the $0.720 and $0.70 support levels. A low was formed at $0.6826 and the price is again moving higher. There was a move above the $0.70 level. The price cleared the 50% Fib retracement level of the recent decline from the $0.7338 swing high to the $0.6826 low. Cardano price is now trading above $0.680 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.7150 zone and the 61.8% Fib retracement level of the recent decline from the $0.7338 swing high to the $0.6826 low. There is also a connecting bearish trend line forming with resistance at $0.7180 on the hourly chart of the ADA/USD pair. The first resistance is near $0.7250. The next key resistance might be $0.750. If there is a close above the $0.750 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.780 region. Any more gains might call for a move toward $0.80 in the near term. Another Drop in ADA? If Cardano’s price fails to climb above the $0.7150 resistance level, it could start another decline. Immediate support on the downside is near the $0.70 level. The next major support is near the $0.680 level. A downside break below the $0.680 level could open the doors for a test of $0.630. The next major support is near the $0.6175 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now above the 50 level. Major Support Levels – $0.7000 and $0.680. Major Resistance Levels – $0.7150 and $0.7340.