Volatility Shares has launched the first-ever XRP futures ETF on Nasdaq today, offering investors indirect exposure to XRP through regulated derivatives for the first time. According to a SEC filing dated May 21, Volatility Shares, a U.S. firm specializing in innovative ETFs —including leveraged and futures-based products tied to crypto, is launching the first-ever Ripple ( XRP ) futures exchange-traded fund today, May 22. The new product, listed on Nasdaq under the ticker $XRPI, is the first ETF of its kind to offer indirect exposure to XRP through futures contracts. The ETF, part of the Volatility Shares Trust, will invest at least 80% of its net assets in XRP-linked instruments, including futures contracts traded on the Chicago Mercantile Exchange, via a subsidiary based in the Cayman Islands. In addition to the standard product, Volatility Shares also plans to introduce a leveraged 2x XRP futures ETF, aimed at delivering twice the daily performance of XRP futures. Eric Balchunas, a senior ETF analyst at Bloomberg Intelligence, called the 1x XRP futures fund a “market first” in a post on X, noting that its debut follows the successful launch of a 2x XRP futures ETF by Teucrium in April. That leveraged fund has already amassed $120 million in assets under management and sees daily trading volumes around $35 million, an encouraging signal for demand. You might also like: Analysts project high approval odds for pending crypto ETFs as SEC delays mount The rollout of these XRP-related financial products comes amid broader speculation that the SEC could approve spot XRP ETFs by the end of this year. Several firms, including Franklin Templeton , 21Shares, and Bitwise, are vying to launch spot-based XRP funds, which would hold XRP directly rather than rely on derivatives. According to Polymarket , traders are placing the probability of a spot XRP ETF being approved in 2025 at 83%. Nate Geraci, president of The ETF Store, echoed that sentiment, stating , “I simply don’t see this SEC not approving a spot XRP ETF. 2x leveraged XRP ETF is *currently* live & trading… I simply don’t see this SEC not approving spot XRP ETF. And sooner, rather than later. — Nate Geraci (@NateGeraci) April 16, 2025 You might also like: 21Shares launches ETP giving exposure to Crypto.com’s CRO
Bitcoin has risen above $110,000 for the first time with it just about touching $112,000 as it reaches a new all time high.
Bitcoin’s new all-time high on May 22 briefly pushed its market capitalization above $2.2 trillion, allowing the cryptocurrency to overtake Amazon and drive the total crypto market past Microsoft’s market capitalization of $3.39 trillion. Bitcoin’s 7-Day Gain Approaches 10% On May 22, bitcoin’s market capitalization briefly surpassed the $2.2 trillion mark after the top cryptocurrency
Strategy (MSTR) will issue and sell shares of its 10.00% Series A Perpetual Strife Preferred Stock for up to $2.1 billion. Strategy plans to sell the shares over a period of time, based on market conditions. Net proceeds will be used for general corporate purposes, which may include the acquisition of bitcoin (BTC) and working capital.
Ethereum is approaching a decisive resistance at the 200-day moving average of $2.7K, signalling a potential bullish shift in market sentiment. A successful breakout above this level could ignite a strong rally, with the price likely targeting the $3.5K threshold in the mid-term. Technical Analysis The Daily Chart ETH is on the verge of a decisive breakout above the critical 200-day moving average at $2.7K, a key level that has historically served as both support and resistance. After a brief consolidation beneath this threshold, the market has regained strength, with renewed buying pressure pushing the price toward a potential breakout. A confirmed break above the $2.7K resistance would mark a significant shift in market sentiment, signaling the beginning of a broader bullish reversal. In this scenario, Ethereum is likely to target the $3K mark in the near term, with a possible extension toward the $3.5K resistance in the mid-term. However, if the breakout attempt is rejected, selling pressure may take control, leading to a deeper retracement toward the $2K support region, aligned with the 100-day moving average. This level would then serve as a critical zone for the bulls to regroup. The 4-Hour Chart On the lower timeframe, ETH recently consolidated within a bullish continuation wedge pattern. After testing and holding support at the wedge’s lower boundary near $2.3K, the asset went on an impulsive rally, breaking out of the structure. This breakout reflects a continuation of the bullish trend. Nevertheless, Ethereum now faces a key short-term resistance around the $2.7K swing high. A brief rejection and pullback toward the breakout level could occur, which would serve to validate the breakout before a potential continuation rally toward the $3K and possibly $3.5K levels. Onchain Analysis The Binance liquidation heatmap continues to offer key insights into Ethereum’s evolving market dynamics and potential price trajectory. Following a strong upward movement, ETH recently reached the critical $2.7K level, where a dense cluster of liquidation levels was triggered, flushing out leveraged short positions and offloading significant market liquidity. Historically, in phases of recovery or strong bullish sentiment, markets tend to hunt these liquidity pockets, as smart money and institutional participants trigger forced liquidations to fuel upward momentum. Currently, Ethereum has reclaimed the $2.5K resistance and is holding above $2.7K, signaling renewed bullish strength. Notably, the heatmap reveals a noticeable void of substantial liquidation levels between the current price and the $3.5K range. This lack of sell-side liquidity indicates reduced resistance ahead, supporting the potential for a continued rally toward the $3.5K threshold in the mid-term. The post Ethereum Price Analysis: ETH Challenges Key Resistance, Is $3.5K Next? appeared first on CryptoPotato .
As time goes on, United States President Donald Trump keeps fulfilling promises he has made to the crypto community. One of them is a special dinner with users holding his meme coin, Official Trump (TRUMP). According to emails obtained by Fortune, the gala dinner has been fixed for Thursday, May 22, in one of his golf clubs – Trump National Golf Club – at Potomac Falls, Virginia. Only the top 220 TRUMP holders will have the option to attend. Trump to Dine With Top TRUMP Holders To join the leaderboard , users had to hold as much TRUMP as possible from April 23 to May 12. Their average holdings determined their ranking on the board. The top 25 TRUMP holders will have an exclusive reception before the dinner with the president. They will also receive a special VIP tour and have been encouraged to remain in town after the dinner. The organizers have stated that no guests are allowed to attend the dinner—only registered persons will be let into the event. Guests must pass background checks at the venue and can not be from the know-your-customer (KYC) watchlist countries. The 220 attendees are not allowed to arrive earlier than 5:30 p.m., as the dinner will start at 7 p.m. and could go on till 10 p.m. The dress code is formal attire; once an attendee’s information is submitted, it cannot be changed. Who Will Be Attending? The leaderboard on the Official Trump website shows pseudonymous names linked to wallet addresses and their’ current and previous TRUMP holdings. Since the names do not convey the holders’ real identities, it will be difficult to know who will attend the dinner. However, some attendees have announced that they will be attending, and one of them is the controversial crypto big name, Justin Sun. He founded the decentralized blockchain Tron and is an advisor for the crypto exchange HTX. Sun is number one on the TRUMP leaderboard and has revealed on X that he is honored to attend the dinner. Besides Sun, Fortune found that the Singaporean crypto company (MemeCore), the second-largest TRUMP holder, will be sending its anonymous co-founder as a representative to the dinner. Also, Kain Warwick, an Australian investor and founder of the crypto company Infinex, will attend, although he is not among the top 25 holders. Interestingly, Fortune discovered that 18 of the top 25 holders have interacted with the crypto exchange Binance. Since Binance does not offer services to U.S. investors, they are believed to come from outside the country. How Has TRUMP Reacted? Data from CoinMarketCap shows that TRUMP has reacted positively to the upcoming dinner over the last few days. The coin is up 7% daily and has surged more than 23% in the past week. It was trading around $15.4 at the time of writing. Despite this surge, the meme coin is still down 80% from its all-time high of $75 recorded on January 19. Meanwhile, Trump’s meme coin gala dinner has drawn criticism from many people, with some individuals addressing his crypto businesses as corrupt. A group of people, led by Robert Weissman of the nonprofit group Public Citizen and U.S. Senator Jeff Merkley, are organizing a protest outside the golf club. The post Donald Trump to Dine With His Meme Coin Holders Today – Here’s What to Expect appeared first on CryptoPotato .
Stablecoin law could significantly increase U.S. Treasury demand. Continue Reading: White House Advisor Sparks Major Stablecoin Market Shift The post White House Advisor Sparks Major Stablecoin Market Shift appeared first on COINTURK NEWS .
The Australian Securities and Investments Commission (ASIC) seeks special leave from the High Court to appeal a recent ruling that severely impacted its enforcement of crypto regulation. The appeal targets a Full Federal Court decision that found Block Earner’s “Access” product, offering fixed-yield returns on crypto lending, was not a financial product. ASIC’s move signals a broader attempt to clarify the legal definition of financial products as crypto adoption grows. The High Court has yet to set a date for the application hearing. Block Earner Case Tests Boundaries of Financial Licensing Laws The case centers on Block Earner, a Sydney-based fintech operating under Web3 Ventures Pty Ltd. Between March and November 2022, it offered two yield-generating products, “Earner” and “Access.” ASIC originally filed suit in 2022, alleging the company provided unlicensed financial services by offering these products without the necessary Australian Financial Services Licence (AFSL). On 9 February 2024, the Federal Court ruled that Block Earner’s “Earner” product constituted a financial product and had been offered without a license. An Australian federal court has determined that fintech company Block Earner engaged in unlicensed financial services conduct by offering its crypto-backed Earner product. #CryptoNews https://t.co/VdMEg1aitv — Cryptonews.com (@cryptonews) February 9, 2024 However, it dismissed ASIC’s claims regarding the “Access” product, which offered variable yields via decentralized finance (DeFi) protocols. Though the Court acknowledged regulatory breaches with Earner, it waived the $350,000 penalty in June 2024. ASIC appealed the decision to drop the fine, while Block Earner cross-appealed the finding that the Earner product required a license. However, on 22 April 2025, the Full Federal Court allowed Block Earner’s cross-appeal and dismissed ASIC’s arguments , ruling that neither product breached licensing obligations. This decision prompted ASIC to seek High Court intervention. The Australian court found that the discontinued ‘Earner’ product was a loan, not a managed investment scheme, dismissing ASIC's allegations. #Australia #CryptoLender https://t.co/2V5wng6ajm — Cryptonews.com (@cryptonews) April 23, 2025 The agency said in its Wednesday statement, “the definition of financial product was drafted in a broad and technology-neutral way, and ASIC believes it is in the public interest to clarify this.” It added that the issue has implications beyond crypto and is essential to all financial products and services due to the law’s broad, technology-neutral drafting. “This clarification is important as it applies to all financial products and services whether they involve crypto-assets or not.” Crypto Yield Products Face Global Scrutiny Amid Regulatory Gaps The Block Earner case is the latest in Australia’s legal challenges surrounding regulating crypto-related financial services. It shows ongoing regulatory uncertainty around whether yield-generating crypto products fall within the scope of existing financial laws. This is not the first time ASIC has faced a crypto firm in court. In 2023, the regulator took action against Finder Wallet and BPS Financial over similar allegations related to interest-earning crypto products. Australian Court Rules in Favor of Crypto Firm Finder’s Earn Product An Australian Federal Court dismissed a case filed by ASIC against crypto firm Finder Wallet. #CryptoNews #news https://t.co/PFO6FhYKkd — Cryptonews.com (@cryptonews) March 14, 2024 Both cases questioned the “financial product” definition under the Corporations Act, particularly when applied to innovative offerings such as DeFi protocols, stablecoins, or tokenized yield accounts. Internationally, regulators have also struggled to classify crypto products that resemble traditional financial instruments. The U.S. SEC, for example, has brought similar cases against crypto lenders like BlockFi and Celsius , which were fined or shut down for offering interest-bearing products without proper registration. Therefore, ASIC’s High Court application could set a landmark precedent not only for Australia’s crypto sector but also for how regulators worldwide approach evolving financial technologies. If successful, it may lead to stricter oversight of DeFi platforms and stablecoin-based services operating under the guise of non-financial products. The post ASIC Takes Crypto Battle to High Court After Block Earner Defeat appeared first on Cryptonews .
While the hacking incidents in the cryptocurrency market never seem to end, a new one was added today. Accordingly, Cetus, a decentralized exchange (DEX) built on the SUI blockchain, was hacked. The attacker withdrew $11 million worth of SUI tokens from the SUI/USDC pool alone. Following the hack, DEX Screener reported that many tokens have lost more than half of their value in the last 24 hours, according to Cetus market data, and the liquidity pool is almost empty. Some tokens, such as Lombard Staked BTC (LBTC) and AXOLcoin (AXOL), have lost almost all of their value, according to DEX Screener data. The top 15 tokens have lost more than three-quarters of their price. According to the information received, the attacker stole many altcoins, including approximately $52 million worth of Sui (SUI), $4.9 million worth of Haedal Staked SUI (HASUI), more than $19.5 million worth of Toilet (TOILET), and approximately $19.5 million worth of wrapped USDt (USDT). Chinese journalist Wu Blockchain said that the hacker drained token liquidity from various Cetus pools and replaced it with SUI. The hacker currently owns $150 million worth of altcoins, including $12.989 million SUI (approximately $52 million). Wu said the hacker then performed cross-chain transactions and exchanged them for Etheruem. Currently, the hacker has over 9,200 ETH (worth around $24 million) and is still exchanging ETH. Acknowledging the hack, Cetus Protocol said that an incident was detected in the protocol, the smart contract was paused for security reasons, and the incident is currently being investigated. Cetus Protocol’s token, CETUS, also experienced a massive drop of up to 35 percent and is currently trading at $0.1665. Alert Announcement There was an incident detected on our protocol and our smart contract has been paused temporarily for safety. The team is investigating the incident at the moment. A further investigation statement will be made soon. We are grateful for your patience. — Cetus (@CetusProtocol) May 22, 2025 Support Came From CZ! While the SUI price fell after the hack, support came to SUI from the cryptocurrency market. At this point, Binance founder CZ shared, “We are doing our best to help SUI.” We are doing what we can to help SUI. Not a pleasant situation. Hope everyone stay SAFU! — CZ BNB (@cz_binance) May 22, 2025 *This is not investment advice. Continue Reading: Sui (SUI) Based Platform Hacked: How Much Altcoin Amount Lost? – CZ's Help Statement Came!
Strategy™, trading under Nasdaq symbols MSTR, STRK, and STRF, has announced a new stock offering program that could bring in up to $2.1 billion . The company plans to sell shares of its 10% Series A Perpetual Strife Preferred Stock gradually, depending on market conditions. The proceeds will be used for general business purposes , including working capital and further Bitcoin acquisitions . This move aligns with Strategy’s long-standing approach of leveraging capital markets to strengthen its Bitcoin reserves. Sales of this preferred stock will happen through an "at the market" (ATM) offering. That means shares can be sold directly on public exchanges or via other methods like negotiated deals. The offering follows a shelf registration statement filed earlier this year with the U.S. Securities and Exchange Commission. Strategy, formerly known as MicroStrategy, positions itself as the first publicly traded company fully committed to Bitcoin as a treasury asset. Alongside its crypto strategy, it also offers AI-driven enterprise analytics tools, combining data intelligence with its digital asset vision.