Bitcoin recently tapped into the $111K zone, sweeping buy-side liquidity before showing signs of rejection. As the market pauses after a strong rally, technical and on-chain indicators suggest a potential pullback or consolidation phase, with traders now eyeing key levels for the next move. Technical Analysis By ShayanMarkets The Daily Chart BTC experienced a notable rejection from the $111K supply zone after capturing the buy-side liquidity above the January-February highs. This move triggered an immediate drop and initiated a correction, with current price action showing signs of potential continuation lower. The daily RSI has also cooled off and is now hovering around the neutral 50 zone, indicating a pause in momentum. The 100 and 200-day moving averages remain bullishly aligned below price (located in the $90K-$95K range), and there is a visible fair value gap (FVG) between $101K and $98K, which may act as a magnet for price in the short term, but can also act as a demand zone to push the asset higher after penetration. Yet, despite the rejection from the $111K level, the overall structure remains bullish with price still holding above the ascending trendline and moving averages. As long as the asset remains above the $91K demand zone, the buyers are still in control structurally. If the FVG gets filled and the reaction is strong, it could create a new higher low and set the stage for another attempt toward the $111K–$114K resistance zone. The 4-Hour Chart Zooming into the 4H chart, BTC has broken below the ascending channel that had guided price action since early April. The breakdown was followed by a rejection from the $108K zone, suggesting that previous support has now turned into resistance. Moreover, the RSI on this timeframe is slightly below 50, pointing to bearish momentum gaining ground. There is also a clear range forming between $102K and $108K, with the price oscillating within it after the initial sell-off. Short-term traders should pay close attention to the mid-range and the recent swing lows near $102K. A break below this level could trigger a sharper move toward the $100K support level. On the flip side, reclaiming the $108K mark could invalidate the short-term bearish setup and open the doors for a retest of the range high and possibly $111K again. However, as things stand, the market is likely to go through a deeper correction in the coming days. On-Chain Analysis Adjusted SOPR (30-day EMA) The 30-day exponential moving average of Bitcoin’s Adjusted SOPR (aSOPR) has been on the rise well above the 1.0 threshold, indicating that, on average, coins moving on-chain are doing so in profit. This generally reflects renewed investor confidence, as holders become more willing to sell at a profit rather than capitulate at a loss. Historically, sustained aSOPR values above 1.0 during uptrends support bullish continuation, especially when price corrections are shallow. However, the current reading also suggests the market is entering a more sensitive phase. When the aSOPR rises too aggressively, it often precedes local tops as short-term holders rush to realize profits. A healthy trend would see a slight aSOPR reset above 1.0, ideally aligning with a price pullback into a support zone, before the next leg up. The post Bitcoin Price Analysis: BTC in Danger of Prolonged Correction After Recent Rejection appeared first on CryptoPotato .
Reaching a new milestone with an over 20% rally in six weeks, Bitcoin marked resistance and halted rallies due to bullish weakness. It initiated a drop and retraced slightly, looking for strong support to rebound. The month of April ended a bit rough for Bitcoin after recovering back to the recent top in a couple of weeks. It printed a new all-time high at $111,980 and lost some ground due to a rejection, looking weak daily. Over the weekend, Bitcoin managed to stay above the $103k level after experiencing a dramatic decline throughout the weekdays. That brought a small relief in the drop as it pushed an inch above the $105kl level. Today, being the first day of a new week, Bitcoin appears a bit weak due to a minor loss in the past hours. A further deduction could trigger more bleeding in the next few days before locating solid ground. If the last weekend level holds well, we may see more gains in the next few hours. So far, it has been an interesting ride for Bitcoin in the last two months. While it is still under a retracement, we can anticipate a bigger rally as soon as it finds firm support. Its market structure is still considered bullish from a long-term perspective despite the latest drop. BTC’s Key Levels To Watch Source: Tradingview A drop below $103k could slide the price to the $100,718 support level. Failure to bounce back could result in more bleeding to the $97,895 and $93,500 levels before regaining strength. Bitcoin currently trades near a sub-resistance level of $106,600. A push above it should bring us back to the $111,980 resistance before breaking higher to the $115k and $120k levels in no time. Key Resistance Levels: $106,600, $111,980, $120,000 Key Support Levels: $100,718, $97,895, $93,500 Spot Price: $105, 311 Trend: Bullish Volatility: Low Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
Bitcoin (BTC) is in a correction, trading at $103,993 after a 0.18% drop in the last 24 hours. Despite the recent high of $111,970, can Bitcoin regain momentum? Crypto analyst PlanD thinks so, but only if it holds a key support zone. PlanD says BTC could reach $340,000 if it holds above the $91,000-$100,000 range. His theory is based on a 3-year cup-and-handle formation—a classic bullish pattern where there’s a period of consolidation followed by a breakout. Bitcoin en geniş açılı analizlerimde 25.000$ seviyesinden 109.000$’a kadar olan yükselişi adım adım analiz ederek takip ettim,ardından 109.000$ zirvesinden %30’luk gelecek olan 76.000$’lık düzeltmeyi öngörüp yatırımcıları uyardık ve düşüş konusunda haklı çıktım şuanda … pic.twitter.com/fbqNo77e6I — PlanD (@cryptododo7) May 31, 2025 The collapse from $69,000 in 2021 to stabilization in March 2024 is the “cup,” and the recent consolidation below $112,000 is the “handle”. Bitcoin Chart Structure Supports a Bullish Reversal The current price action is a descending channel with lower highs and lows, typical of a consolidation phase. Key resistance is at the 50-period EMA near $105,292, which has been capping recent rallies. Fibonacci levels indicate critical zones—BTC is testing support at the 0.236 retracement level ($104,514), with a risk of dipping to $103,149 or lower if sellers regain control. Bitcoin Price Chart Source: Tradingview Candlestick signals, including spinning tops and shooting stars, indicate market indecision. The MACD histogram is negative, but the signal lines are converging, which may suggest that a potential reversal is approaching. The RSI is below 40, indicating a mildly oversold condition but not yet a clear reversal. What to Watch For bullish momentum to return, Bitcoin needs to break above the descending channel and close above $105,292, ideally with strong candlestick formations, such as engulfing patterns or three white soldiers. This could lead to $106,719-$107,682, followed by a larger rally. Key levels to watch: Support: $104,514, $103,149, $102,141 Resistance: $105,292, $106,040, $107,682 If Bitcoin holds above $91,000-$100,000, it could be the start of the move to $340,000 by 2025, according to PlanD. But if not, deeper corrections. With a $2 trillion market cap and 24-hour trading volume over $40 billion, volatility is key. Be nimble and watch for breakouts or breakdowns from this range. Best Wallet ($BEST): Redefining Crypto Storage and Access Best Wallet is setting new standards for crypto wallets, combining security, usability, and early-stage investment options. With a user-friendly app available on Google Play and the App Store, it supports over 1,000 cryptocurrencies. It is the first wallet to use Fireblocks MPC-CMP technology for advanced security. Key features include the Upcoming Tokens page, which allows users to purchase presale tokens directly within the app, eliminating the need to connect external wallets to unfamiliar sites. The $BEST token offers benefits such as reduced transaction fees, enhanced staking rewards, governance rights, and access to exclusive airdrops and quests. With over $12.95 million raised and tokens priced at $0.025115, now is a great time to join. The post Bitcoin Price Prediction: Analyst Says $340,000 Is Possible If Bulls Hold This Zone appeared first on Cryptonews .
More on Strategy Strategy: Hate Or Love Bitcoin, Preferreds Are Still Getting A High Yield Strategy Is Lagging Behind BTC's Rally, And That's Ok Deconstructing Strategy: Premium, Leverage, And Capital Structure Strategy purchases 4,020 BTC, now holds 580,250 BTC Strategy announces up to $2.1B at-the-market preferred stock offering
Michael Saylor has just announced Strategy’s yet another Bitcoin acquisition
According to COINOTAG News, in a recent post on the X platform, Bloomberg’s esteemed ETF Analyst, Eric Balchunas, highlighted a remarkable forecast for Bitcoin’s price trajectory. He projected that if
As investors prepare for the next bull cycle, they aggressively seek presale tokens that might explode once they reach big exchanges. This presale season holds great potential, with AI-powered protocols and Bitcoin-backed incentive schemes. At the same time, fast-moving initiatives like BlockDAG and BTC Bull are gaining significant support. These presales are more than just hype; they are supported by use cases, tokenomics, and investor demand, which may result in substantial upside before listings begin. Nexchain: Where AI Powers Everything. Nexchain is more than just a blockchain; it is a comprehensive AI-powered platform. Its smart contracts incorporate capabilities such as real-time automation, predictive modelling, and data optimization by combining decentralized protocols with built-in artificial intelligence. The tokenomics paradigm is similarly forward-thinking. Nexchain processes up to 400,000 TPS using a Hybrid Consensus technique that includes Proof-of-Stake and its own NEX AI engine. That’s not a theory; it’s already live on testnet, proving unparalleled scalability. Aside from speed, Nexchain stands out for its revenue-sharing approach. Users that store $NEX in non-custodial wallets earn a 10% share of all gas costs collected across the network. This daily passive revenue makes each token holder into an active participant in the network’s success. Nexchain is now in stage 16 of its presale, priced at $0.062, and has raised $3.4 million in USDT. With upcoming exchange listings and AI storylines dominating Web3, Nexchain is a strong contender for breakout success. BlockDAG: Momentum for Every Batch BlockDAG is moving quickly. Its objective is to achieve $600 million, which has already surpassed $273 million. In only one week, it raised $10 million. This is not a slow ascent. The presale is building up steam, batch by batch. Every fresh batch carries a greater price, yet customers continue to buy quickly. That explains a lot. The interest is high. People are closely monitoring this project since it is one of the best bets for the upcoming crypto bull run. BTC Bull: Riding the Bitcoin Surge Bitcoin’s excellent potential distinguishes BTC Bull Token from already active presales, as the project offers investors an alternative option to amass BTC. According to the project’s roadmap, everyone who holds BTCBULL via Best Wallet will be eligible for two BTC airdrops, which will be awarded when Bitcoin’s value rises. Pushing above $150,000 would trigger the first BTC airdrop, with a second wave slated after BTC reaches $200,000. BTCBULL’s unique rewards scheme based on Bitcoin’s performance allows it to expand rapidly during BTC bull runs, increasing the gains of its holders. Nexchain: The Smartest Crypto Presale to Buy in 2025 Nexchain stands out as the best investment among all current cryptocurrency presales. It’s not following trends; it’s laying the groundwork for scalable, AI-powered blockchain applications. Nexchain is designed for long-term utility and market relevance, boasting unrivaled speed, built-in AI infrastructure, and a fair revenue scheme. Early investors have time to participate before the price rises since Nexchain is just $0.062 in stage 16 and has raised $3.6 million. As listings approach and demand for AI cryptocurrency grows, Nexchain is one of the top presales to watch and buy in 2025. The post Best Crypto Presale to Buy – Top Picks Before Exchange Listings Send Them Mooning appeared first on TheCoinrise.com .
BitcoinWorld Shocking: Paul Krugman Slams Stablecoins, Cites Lack of Practical Use and Financial Stability Risks In the fast-paced world of digital assets, stablecoins have often been touted as the bridge between volatile cryptocurrencies and traditional finance. However, not everyone is convinced of their value. Renowned economist and Nobel laureate, Paul Krugman, has recently voiced strong criticism, arguing that stablecoins fundamentally lack practical use for everyday transactions and pose significant risks. His comments have reignited debate about the true utility and potential dangers of these dollar-pegged digital assets. Why Paul Krugman Believes Stablecoins Lack Practical Use Paul Krugman, a highly respected figure in economics, didn’t mince words in his recent blog post regarding stablecoins. His central argument revolves around their perceived failure to serve a meaningful purpose in the day-to-day economy. According to Krugman, despite their design to maintain a stable value, stablecoins offer no tangible advantage over existing, widely accepted payment methods. Consider how you pay for things today. Debit cards, credit cards, mobile payment apps like Venmo or PayPal, and traditional wire transfers are commonplace. They are integrated into global financial infrastructure, accepted by millions of merchants and individuals, and are generally reliable for processing transactions. Krugman argues that stablecoins cannot be used for ordinary purchases in the same way and therefore fail the test of practical utility for the average person or business. His view suggests that if a technology doesn’t improve upon or significantly differentiate itself from what’s already available and functional, its widespread adoption for practical purposes is questionable. For Krugman, stablecoins fall into this category when compared to the established rails of traditional finance. Are Stablecoins Just for Illicit Activities? Exploring Krugman’s Crypto Criticism One of the most pointed aspects of Paul Krugman’s critique is his assertion about the primary beneficiaries of stablecoin technology. He contends that if stablecoins aren’t offering a superior method for legitimate transactions, their main distinguishing feature becomes anonymity or a lack of stringent oversight compared to traditional banking. Krugman claims this anonymity primarily benefits those engaged in illicit activities. He specifically mentioned money laundering, extortion, and illegal drug transactions as areas where the features of certain stablecoins could be exploited. This is a significant piece of his crypto criticism , painting stablecoins not as innovative financial tools for the public, but as potential enablers for criminal enterprises. While many in the crypto space highlight the transparency of public blockchains, the pseudonymity offered by crypto addresses, combined with challenges in tracing off-ramps to fiat, can indeed present difficulties for law enforcement compared to highly regulated traditional financial institutions. Krugman’s focus on this aspect highlights a major concern shared by regulators worldwide. The Anonymity Debate: Stablecoins vs. Traditional Payments Let’s delve deeper into Krugman’s comparison between stablecoins and traditional payment methods regarding anonymity and utility. He argues that systems like debit cards, Venmo, or wire transfers are superior because they are widely accepted and regulated. While they offer less anonymity than some cryptocurrencies, this is often seen as a feature that enables security, dispute resolution, and regulatory compliance, which are crucial for broad economic participation. Here’s a simplified comparison based on Krugman’s points and common understanding: Feature Stablecoins (as per Krugman’s critique) Traditional Payments (Debit, Venmo, Wire) Practical Use (Everyday Purchases) Limited / None Widespread acceptance Advantage Over Traditional Methods None (for legitimate use) Established, integrated, regulated Anonymity Primary distinguishing feature (benefiting criminals) Less anonymity (benefiting security, regulation) Regulation & Oversight Often less stringent / Developing Highly regulated and supervised Ease of Use (for average user) Can be complex (wallets, exchanges) Generally simple and intuitive Krugman’s table essentially leads to the conclusion that the only column where stablecoins might have an edge, according to his perspective, is anonymity, which he views negatively due to its potential for abuse. Warning Signals: Stablecoins and Financial Stability Beyond the lack of perceived utility and the potential for illicit use, Paul Krugman raised concerns about the broader implications for financial stability . His warning is that the increasing adoption and perceived legitimacy of stablecoins could introduce systemic risks. How could this happen? If stablecoins become widely used, particularly those that are less regulated or transparent about their reserves, issues could arise. A run on a stablecoin, similar to a bank run, could occur if users lose confidence in its ability to maintain its peg to the dollar. This could lead to sudden liquidations, cascading effects across the crypto market, and potentially spill over into traditional finance if linkages grow. Furthermore, if stablecoins are indeed facilitating significant volumes of illicit transactions, this could undermine the integrity of the financial system and complicate efforts to combat financial crime. Krugman’s point underscores the view held by many regulators and central bankers: that without proper oversight and clear frameworks, the growth of unregulated or under-regulated digital assets, including stablecoins, poses potential threats to the stability and integrity of the global financial system. Addressing these cryptocurrency risks is a major challenge for policymakers worldwide. Understanding the Broader Context of Cryptocurrency Risks Krugman’s comments are part of a larger conversation about the inherent cryptocurrency risks . These risks aren’t limited to stablecoins but encompass the entire digital asset ecosystem. Volatility, market manipulation, cybersecurity threats, regulatory uncertainty, and the potential for use in illicit finance are all challenges the industry faces. While proponents argue that blockchain technology and cryptocurrencies offer innovation, efficiency, and financial inclusion, critics like Krugman focus on the downsides and the potential for these technologies to be misused or to create new vulnerabilities within the financial system. The debate often boils down to whether the potential benefits outweigh the significant risks and whether these risks can be effectively mitigated through regulation and technological advancements. Paul Krugman’s perspective, coming from a Nobel laureate in economics, carries weight and serves as a reminder that while the crypto space is enthusiastic about its innovations, fundamental questions about utility, regulation, and systemic risk remain prominent concerns for mainstream economists and financial authorities. Conclusion: The Ongoing Debate on Stablecoins Paul Krugman’s recent criticism of stablecoins as economically useless and potentially dangerous highlights a significant point of contention between traditional economic views and the proponents of digital finance. He argues that they lack practical application for everyday purchases, offer no real advantage over established payment systems like debit cards or Venmo, and that their key feature – anonymity – primarily serves criminal purposes, posing risks to financial stability. While the stablecoin industry is actively working on regulatory compliance, transparency regarding reserves, and expanding use cases beyond speculation, Krugman’s remarks serve as a stark reminder that skepticism from influential figures persists. The debate over the true value, utility, and potential risks of stablecoins is far from over, and their future trajectory will likely be shaped by ongoing technological development, market adoption, and, crucially, regulatory responses aimed at addressing the very concerns raised by critics like Krugman. To learn more about the latest cryptocurrency risks and financial stability discussions, explore our article on key developments shaping stablecoins and the broader crypto market. This post Shocking: Paul Krugman Slams Stablecoins, Cites Lack of Practical Use and Financial Stability Risks first appeared on BitcoinWorld and is written by Editorial Team
Ethereum is the focus of two major developments this week, one on the security front and another in corporate finance. Crypto market maker Wintermute has introduced a novel countermeasure to warn users of malicious Ethereum contracts that exploit EIP-7702, injecting alert messages directly into verified attacker code. Meanwhile, US sports betting firm SharpLink Gaming has filed to raise $1 billion to build a significant Ether treasury, naming Ethereum co-founder Joseph Lubin as its new board chairman. Ethereum Users Face New Wallet Draining Threat as Wintermute Injects ‘CrimeEnjoyor’ Warnings into Malicious Contracts Ethereum users are being warned of a sophisticated new type of wallet-draining attack, with leading crypto market maker Wintermute stepping in to inject a digital safeguard directly into the threat itself. On May 30, Wintermute revealed its deployment of a novel piece of code, dubbed “CrimeEnjoyor,” which prints prominent warning messages inside malicious Ethereum smart contracts, specifically those abusing a new feature introduced in the Pectra upgrade. This preemptive move comes as Ethereum grapples with the fallout of EIP-7702, a recently launched improvement proposal that gives wallets the ability to temporarily delegate transaction control to smart contracts. While designed to enable powerful new use cases, the feature has quickly become a tool for attackers seeking to automatically siphon ETH from users with compromised private keys. How the Attack Works: Exploiting EIP-7702 EIP-7702 was implemented as part of Ethereum’s Pectra upgrade, which went live on May 7 at epoch 364032. It introduces a new account abstraction mechanism allowing users to hand over transaction authorization to smart contracts on a temporary basis. Although entirely optional and opt-in, the feature has rapidly been adopted by malicious actors due to its ability to automate the sweeping of funds from wallets that have accidentally leaked their private keys. Wintermute’s CrimeEnjoyor contract with a warning statement (Source: Wintermute ) Wintermute’s research uncovered that over 97% of all EIP-7702 delegations thus far have reused the same malicious bytecode—suggesting a copy-paste method among attackers. These so-called “sweeper” contracts are coded to automatically drain any ETH that enters the compromised wallet, giving users no second chance once they deposit funds. “This one copy-pasted bytecode now accounts for the majority of all EIP-7702 delegations,” Wintermute stated in their May 30 announcement. “It’s funny, bleak, and fascinating at the same time.” In response, Wintermute engineers developed and deployed CrimeEnjoyor, which is an intervention that rewrites these malicious contracts to include a human-readable Solidity warning message. To do this, Wintermute reverse-engineered the attacker’s Ethereum Virtual Machine (EVM) bytecode into Solidity, inserted the warning, and publicly verified the contracts so that unsuspecting users might spot the danger before it’s too late. This message is now being surfaced within the most prevalent type of EIP-7702 exploitation contract in an attempt to add a visible red flag to otherwise opaque and technical smart contract interfaces. Wintermute said the purpose is not just to stop this specific campaign, but to spark a broader movement toward transparent tagging of malicious infrastructure. One User Loses $146K in ETH to EIP-7702 Exploit The threat is far from hypothetical. On May 23, blockchain security firm Scam Sniffer reported that one Ethereum user lost approximately $146,550 after interacting with a set of malicious batched transactions exploiting EIP-7702. The user inadvertently signed approval for a sequence of calls that led to an automatic fund sweep from their wallet. According to Dune Analytics data shared by Wintermute, 12,329 transactions leveraging EIP-7702 have occurred since the Pectra upgrade, with many still utilizing malicious code patterns. Wintermute’s injected warning code, while currently found in 94.7% of all EIP-7702 delegate contracts, may gradually diminish in influence as attackers seek new methods. Still, the effort represents a creative countermeasure within an otherwise trustless ecosystem. While EIP-7702 and the broader Pectra upgrade aim to enhance Ethereum's flexibility and scalability, Wintermute warned that a lack of transparency and contract verification tools poses a major security risk, especially for less experienced users. As such, the Ethereum community is being called upon to prioritize UX-friendly security tools that can clearly flag suspicious delegation patterns and transactions. This includes labeling contracts, surfacing unusual gas behaviors, and implementing front-end alerts in common Ethereum wallet interfaces like MetaMask and Rabby. Pectra’s Broader Impact on Ethereum In addition to EIP-7702, Ethereum’s Pectra upgrade also rolled out two other major proposals: EIP-7251: Increased the validator staking limit from 32 ETH to 2,048 ETH, making it easier for large entities to manage validator nodes at scale. EIP-7691: Boosted the number of “data blobs” per block—a move aimed at supporting Ethereum layer-2 scalability efforts by enhancing data availability and reducing gas fees for rollups. These technical improvements are part of Ethereum’s long-term roadmap to remain the dominant smart contract platform, though incidents like the EIP-7702 exploit underscore the growing need for accessible, real-time threat visibility within its expanding feature set. SharpLink Gaming Bets Big on Ethereum: Files $1B Stock Offering to Fund Massive ETH Treasury Strategy In related news, US sports betting platform SharpLink Gaming has filed with the Securities and Exchange Commission (SEC) to offer up to $1 billion in shares of common stock, with the vast majority of proceeds earmarked for the purchase of Ether (ETH), the native asset of the Ethereum blockchain. The May 30 SEC filing follows SharpLink’s May 27 announcement of its new Ethereum-based corporate treasury strategy, marking a watershed moment for altcoin adoption among public companies. “We intend to use substantially all of the proceeds from this offering to acquire Ether,” the company wrote, emphasizing a long-term commitment to building a crypto-native balance sheet. The announcement triggered an immediate reaction from the market, with SharpLink Gaming’s stock surging 400% in a single trading day on May 27. The momentum was further fueled by the company’s decision to appoint Ethereum co-founder Joseph Lubin, also CEO of ConsenSys, as chairman of its board of directors, signaling a deep strategic alignment with the Ethereum ecosystem. The parallels to Michael Saylor’s Bitcoin-centric strategy at his firm Strategy were not lost on the crypto community. SharpLink was quickly dubbed “Ethereum’s Michael Saylor” by analysts and educators on social media. “Ethereum finally has its own Saylor,” wrote crypto analyst 0xBoboShanti on X. “You are not bullish enough,” added Ethereum advocate Anthony Sassano, referencing SharpLink’s aggressive treasury move. While SharpLink’s ETH-first vision may appeal to Web3 enthusiasts, the firm was quick to temper expectations with a detailed risk disclosure section in its SEC filing. One concern raised was the potential rise of central bank digital currencies (CBDCs). SharpLink acknowledged that a global rollout of CBDCs could “eliminate or reduce the need or demand for private-sector issued cryptocurrencies, or significantly limit their utility,” which could severely impact Ethereum’s value proposition. Another major risk centers on regulatory classification. If Ether is officially labeled as a “security” by the SEC or other regulators, SharpLink could face extensive compliance obligations, including securities registration, reporting requirements, and investor protections under US law. Strategic Timing Amid Ethereum Momentum Institutional interest in Ethereum is gaining traction, following a new filing from REX Shares, which has prompted speculation that Ethereum and Solana staking ETFs could debut in the US within weeks. Analysts say REX’s ETF filing includes unique regulatory “workarounds” that may allow staking, a feature many competing funds have failed to implement due to SEC pushback. This broader backdrop of ecosystem growth, protocol upgrades, and institutional adoption gives SharpLink’s move a certain macro-tactical edge. The company is effectively front-running what could become a multi-billion dollar wave of Ether demand from traditional financial institutions. Historically, public companies that entered crypto did so through Bitcoin, with Michael Saylor’s Strategy acquiring 580,250 BTC (worth over $60 billion) since 2020. Until now, Ethereum had no publicly traded counterpart championing it as a long-term treasury reserve. Strategy Bitcoin holdings (Source: SaylorTracker ) With the appointment of Lubin and a potential billion-dollar ETH buy-in, SharpLink has broken that mold. SharpLink says it will also allocate a portion of the offering proceeds toward working capital, core affiliate marketing operations, general corporate purposes, and operating expenses, but made clear that the bulk of funds would be devoted to Ether purchases. The Bigger Picture: Ethereum as a Corporate Asset SharpLink’s strategy could open the floodgates for a new class of ETH-focused treasuries, expanding the conversation beyond Bitcoin maximalism to embrace Ethereum’s broader smart contract and staking capabilities. It also builds on momentum created by recent Ethereum upgrades, such as EIP-4844 (Proto-Danksharding) and EIP-7702, which enhance scalability and smart contract delegation, respectively. Ethereum’s fundamental narrative is evolving from “digital oil” to “programmable value infrastructure,” and SharpLink seems to be positioning itself to capitalize on that shift. Whether this strategy pays off will depend on Ethereum’s regulatory clarity, price performance, and network utility growth in the coming years. But for now, it’s clear that SharpLink Gaming is making a high-stakes bet—one that could inspire others to follow suit.
Ripple and its native token XRP have long been positioned as more than just another cryptocurrency. For years, Ripple’s mission has been to revolutionize cross-border payments by offering faster, cheaper, and more efficient alternatives to legacy systems like SWIFT. But while many blockchain projects make big promises, Ripple has gone a step further: it has already secured partnerships with some of the world’s largest banks, quietly laying the groundwork for what could become a financial revolution. A recent thread by the X influencer X Finance Bull shines a spotlight on Ripple’s extensive banking network, arguing that the current XRP price dip is less a reason for panic and more a rare buying opportunity. Let’s unpack these key bank partnerships and explore why they could propel XRP to the stratosphere. Don’t fumble $XRP because of this dip. Banks aren’t just talking about crypto anymore, they’re integrating it. And Ripple is already 10 steps ahead. Here’s a thread of key bank partnerships with Ripple that could send #XRP to the stratosphere pic.twitter.com/znEZLGCt0H — X Finance Bull (@Xfinancebull) June 1, 2025 Santander: A European Giant Moves with Ripple Santander, one of Europe’s largest banks , has been working with Ripple for several years. Unlike many financial institutions still testing the blockchain waters, Santander is already using RippleNet to facilitate cross-border payments. What’s more, the bank is actively exploring Ripple’s On-Demand Liquidity (ODL) solution, which leverages XRP to settle transactions instantly without the need for pre-funded accounts. This is not theoretical development; Santander has been piloting real settlement use cases with XRP, meaning the groundwork for scaled-up usage is already in place. Should Santander expand its ODL integration across its massive European customer base, the transactional volume flowing through the XRP ledger could surge, driving significant demand for the token. Bank of America Bank of America (BofA) has been collaborating with Ripple since as far back as 2016, positioning itself as one of Ripple’s most prominent U.S. banking partners. According to X Finance Bull, BofA has recently shown heightened interest not only in XRP but also in Ripple’s upcoming stablecoin project. If BofA were to fully adopt XRP for domestic and cross-border payments, the potential volume entering the XRP ecosystem would be enormous. Given BofA’s scale, handling trillions in assets, such an adoption could mark one of the most historic moments in crypto-financial integration. For XRP holders, this could translate to unprecedented utility-driven demand, a sharp contrast to the speculative cycles that typically dominate crypto markets. Standard Chartered Standard Chartered , a major player in Asia and the Middle East, has already integrated RippleNet into its cross-border payment systems. What sets this partnership apart is the bank’s direct exposure to some of the world’s largest remittance corridors, especially vital in developing markets where traditional banking infrastructure often struggles to meet the needs of cross-border families and businesses. The upcoming rollout of ODL across these corridors could supercharge XRP demand in these fast-growing regions. Given the scale of remittance flows, especially from expatriate workers in the Middle East to Asia, Ripple’s solutions offer a seamless, low-cost, high-speed alternative that stands to attract significant adoption. Siam Commercial Bank (SCB) Thailand’s largest bank, Siam Commercial Bank (SCB), is another early adopter of RippleNet. SCB is currently using Ripple’s technology to enable remittances across more than 12 countries. While this is already impressive, the real game changer would come when SCB flips the switch on ODL, tapping into XRP as the settlement asset. With Asia emerging as one of the most crypto-friendly regions globally, SCB’s potential expansion of XRP usage could position Thailand as a blockchain payments pioneer. As X Finance Bull highlights, this kind of regional momentum is often underestimated by Western markets but holds massive implications for global XRP liquidity. First Abu Dhabi Bank (FAB) First Abu Dhabi Bank (FAB) stands as a powerhouse in the Middle East’s financial sector. As a RippleNet partner, FAB holds direct access to a staggering $19 billion remittance market. Should FAB move from simply leveraging RippleNet to full-scale ODL adoption, the resulting XRP liquidity requirements could be substantial. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 The Middle East is rapidly modernizing its financial infrastructure, with many countries pushing toward fintech innovation and blockchain integration. Ripple’s foothold in this region places XRP in a strong position to capture new market share and increase its role as a global liquidity bridge. CIBC: Canada’s Largest Bank Joins the Ripple Network Perhaps one of the most eye-catching developments is the involvement of the Canadian Imperial Bank of Commerce (CIBC), Canada’s largest bank. According to X Finance Bull, CIBC has partnered with Ripple and is actively approving the use of XRP for cross-border settlements. This development signals a pivotal shift. When national banking leaders start onboarding blockchain assets like XRP, the conversation moves beyond speculative hype into institutional-grade utility. With CIBC on board, Ripple’s vision of global liquidity starts to look less like a distant goal and more like an unfolding reality. The Bigger Picture: XRP as the Global Bridge Asset If regulatory clarity continues to progress, as recent political developments, including mentions of XRP on Trump’s proposed Crypto Reserve list, suggest, the institutional path for XRP becomes even clearer. Ripple’s drawn-out legal battle with the SEC is nearing its end, removing one of the biggest overhangs on XRP’s market potential. As X Finance Bull emphasizes, XRP is uniquely positioned to solve one of the biggest pain points in global finance: the need for pre-funded accounts and the frictions of the SWIFT system. By acting as an instant bridge between currencies, XRP promises to unlock global liquidity on a scale previously unimaginable. This isn’t just hopeful speculation. Many of Ripple’s banking partners are already running real-world tests, fine-tuning the mechanics that could soon make XRP a cornerstone of cross-border finance. For investors watching the current XRP price dip, the message from X Finance Bull is clear: the dip is a gift. Once the institutional switch flips and green candles take over, the window to accumulate XRP at current levels may close swiftly. 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 Twitter , Facebook , Telegram , and Google News The post Key Bank Partnerships with Ripple that Could Send XRP to the Stratosphere appeared first on Times Tabloid .