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 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.
Coinbase has urged the US Office of Government Ethics to remove a rule banning Securities and Exchange Commission staff from holding crypto. SEC staff need to use crypto to better understand how it works and the best way to regulate it, Coinbase chief legal officer Paul Grewal argued in open letters sent to OGE acting director Jamieson Greer and newly sworn-in SEC Chair Paul Atkins , which he shared to X on April 25. “To regulate technology, you need to understand it. To understand technology, you need to use it,” Grewal said in the letter to Greer. “Permitting commission staff to hold crypto is essential to them developing the knowledge necessary to propose and adopt workable regulatory frameworks for digital securities activity,” he added. Source: Paul Grewal Legal Advisory 22-04, issued on July 4, 2022, by the OGE, prohibits SEC staff from buying, selling, or otherwise using crypto and stablecoins because they are not “publicly traded securities” and don’t qualify for an exception, unlike stocks. SEC needs waivers for staff Grewal said US President Donald Trump directed the SEC and other agencies to submit recommendations for crypto regulations due in around 90 days, and SEC “staff still cannot use the technology on which they are making recommendations.” He echoed a similar sentiment in his letter to Atkins and crypto-friendly SEC commissioner Hester Peirce, arguing being unable to hold crypto is a roadblock for the agency’s Crypto Task Force in creating a regulatory framework. Source: Paul Grewal While it’s up to OGE to rescind the advisory, the SEC should take its own action, Grewal said. “For example, issuing waivers to crypto task force members and other staff actively working on task force matters would be consistent with measures already taken in commensurate advisory situations,” he said. Related: Coinbase files FOIA to see how much the SEC’s ‘war on crypto’ cost Grewal added that a waiver would allow SEC staff on the Crypto Task Force responsible for creating crypto regulations to use crypto and “evaluate the underlying digital asset technology.” Former SEC Chair Gary Gensler, who took office in 2021, was known for his hardline stance on crypto regulation. He resigned on Jan. 20 after spearheading an aggressive regulatory stance toward crypto , bringing upward of 100 regulatory actions against firms. Following Gensler’s exit, the SEC opted out of a swathe of lawsuits against crypto firms, including Coinbase, on Feb. 27 and, in a more recent April 24 walkback, flagged plans to drop its enforcement against blockchain firm Dragonchain. Magazine: Bitcoin $100K hopes on ice, SBF’s mysterious prison move: Hodler’s Digest, April 20 – 26
ProShares plans to launch three new XRP-tracking products soon. The introduction of various ETFs aims to enhance investment strategies. Continue Reading: ProShares Launches Exciting New XRP Products to Diversify Investment Strategies The post ProShares Launches Exciting New XRP Products to Diversify Investment Strategies appeared first on COINTURK NEWS .
“Bitcoin fundamentals have turned bullish, not a bad setup to break all-time highs,” said technical analyst Willy Woo on April 27. He added that capital flows into the network “are ramping up,” sharing a chart that showed an increase in 30-day total flows and a decrease in 30-day speculative flows. “Both total and speculative flows have bottomed. When both align, they join forces to make a bullish environment anchored in fundamentals. Bullish Bitcoin Technicals The analyst added that their risk signal model has started its trend back down, which means liquidity has returned to the market. “Downside pullbacks will be muted in this environment,” he added. BTC fundamentals have turned bullish, not a bad setup to break all time highs. I took a break from X to enjoy the NZ summer but every week I put out a series of analysis to my subscribers (this is a hobby, NOT a long term project). Thought I’d post this update publicly. — Willy Woo (@woonomic) April 27, 2025 With medium-term targets of $90,000 and $93,000 being hit, “the $108,000 target is still in play with a new interim target of $103,000 forming,” said Woo. However, in the short term , more sideways action or a slow grind upwards is the most likely scenario. He added that all dips are for buying under the present regime, and there is a good chance of them in the very short term, before concluding: “BTC is setting up for another break of all-time highs if the capital flow trend continues. It’s a solid long-term setup.” Analyst “Rekt Capital” said that Bitcoin would need to have a weekly close above $93,500 to start the process of regaining the previous range. The asset dipped below $93,000 briefly on Monday morning before recovering to reclaim $94,000 at the time of writing, so this move may be a possibility. #BTC Can Bitcoin do it? Can Bitcoin Weekly Close above $93500 to start the process of regaining the previous Range? $BTC #Crypto #Bitcoin https://t.co/r5reRJ0HFy pic.twitter.com/5ga0gcSqX4 — Rekt Capital (@rektcapital) April 27, 2025 Meanwhile, CryptoQuant head of research Julio Moreno reported that the “Bull Score Index” was now at 60, driven by Bitcoin demand and stablecoin liquidity, which has started to grow again. BTC Above STH Price The positive weekly close has pushed the Bitcoin price above the short-term holder price for the first time since March 3, reported Galaxy Research. When BTC trades above the STH price, it signals that recent buyers are in profit. “This reduces the likelihood of capitulation and strengthens on-chain support for further upside,” it explained. Bitcoin’s price increased more than 10% this week, climbing from $85,177 at the weekly open to $93,946 as of the April 24 daily close. This move pushed BTC above the short-term holder (STH) price for the first time since March 3. Why it matters pic.twitter.com/3vtZctksPR — Galaxy (@galaxyhq) April 27, 2025 On-chain metrics suggest a stronger footing with more BTC holders back in profit and fewer incentives to sell into weakness, researchers concluded. BTC was trading just over $94,000 at the time of writing, having held around this level for the past five days. The post Capital Flows Turn Bullish for Bitcoin as Analysts Eye Targets Above $100K appeared first on CryptoPotato .