The post BlackRock XRP ETF Could Be Next As Ripple vs SEC Lawsuit Ends appeared first on Coinpedia Fintech News XRP has been gaining momentum, rising 8% in the past week, as the broader crypto market rallies. Meanwhile, on May 9, BlackRock held a closed-door meeting with the SEC’s task force to discuss staking and options on crypto ETFs, broader implications of tokenizing traditional securities, and general standards for Crypto ETFs. These moves signal a major shift in the crypto space as the regulatory authorities and the financial institutions come together, which could pave the way for more institutional action. BlackRock’s XRP ETF: A Possibility? BlackRock has not shown any signs of launching an XRP ETF yet, as its focus is on Bitcoin and Ethereum ETFs for now. In Late 2024, Jay Jacobs, the head of BlackRock’s ETF division, had mentioned that altcoins like XRP aren’t a priority. However, the latest meeting with the SEC has sparked speculations. However, industry experts like Nate Geraci, the President of ETF Store, believe that BlackRock could eventually file for an XRP ETF once the regulatory issues are sorted out. He also pointed out that with XRP being the third-largest non-stablecoin crypto by market cap, major ETF issuers won’t be able to overlook such a key player in the crypto space. Can The Legal Settlement Spark the Move? Analyst Altcoin Gordon recently revealed that the majority of BlackRock’s clients with over $50 million in net worth are showing more interest in crypto. He hinted that some big news regarding XRP is coming soon. However, some users have asked for solid evidence to back these claims. Besides, Ripple and the SEC recently filed for a settlement, which could finally put an end to their long-running legal battle. If that happens, it could boost XRP’s growth and make the chances of BlackRock jumping into the XRP ETF game a lot higher. Other asset managers like Graysscale, Franklin Templeton, and Bitwise have already applied for XRP ETFs. But all eyes are on BlackRock, as its potential XRP ETF could attract huge investments, given its track record in Bitcoin and Ethereum ETFs. According to the Polymarket betting platform, the chances of an XRP ETF being approved currently stand steady at 77%.
According to recent analysis from COINOTAG on May 10th, the Bitcoin Dominance (BTC.D) metric has experienced a decline of 2.5% over the last 48 hours, settling at 63.46%. This follows
By being pre-programmed to have only 21 million bitcoins ever to exist, the largest cryptocurrency’s model is not, by definition, deflationary. After all, new BTC is mined every day, and none is being destroyed in the traditional sense of the word, which is the opposite of deflationary. However, CryptoQuant’s CEO explained how Strategy and its co-founder, and BTC champion, Michael Saylor, made bitcoin into a deflationary asset. Is BTC Deflationary? By definition, deflationary means that the asset’s supply is designed to decrease over time. So, by that explanation, the newly minted BTC every day (currently ~450 BTC/day) does not put the cryptocurrency into that category. Someone would argue that BNB should be there since it has a burning mechanism to reduce the overall supply from 200,000 to 100,000. Ethereum also made some progress on that matter, but that’s a different and rather controversial topic (and it doesn’t really work as promised, at least not always). In BTC’s case, though, there’s one big (un)spoken hero who deserves a big “thank you” from Bitcoin Maxis, according to CryptoQuant’s chief exec, Ki Young Ju (even though he deleted the original post with the thank you note). In the updated one, he explained that Michael Saylor, through the company he co-founded, has turned Bitcoin into a deflationary asset because the entity is “buying BTC faster than it’s mined.” CQ’s CEO determined that Strategy’s strategy (yeah, we get how it sounds) not to sell at any cost has turned its massive stash of over 555,000 BTC into an illiquid supply. This means that MSTR’s holdings are equal to -2.23% annual deflation rate for bitcoin. The percentage could be even higher when we examine other “stable institutional holders” who have incorporated the HODL strategy. #Bitcoin is deflationary. @Strategy is buying BTC faster than it’s mined. Their 555K BTC is illiquid with no plans to sell. MSTR’s holdings alone mean a -2.23% annual deflation rate—likely higher with other stable institutional holders. pic.twitter.com/9VKT3IdcYo — Ki Young Ju (@ki_young_ju) May 10, 2025 555,450 and Counting The company began its massive accumulation spree in September 2020 when it was called MicroStrategy and Saylor was still CEO. At a time when bitcoin was fighting to stay above $10,000 (yes, one zero less than now), the NASDAQ-listed business intelligence software firm bought 21,454 BTC via 78,388 off-chain transactions. In the following year, the cryptocurrency’s price skyrocketed to an all-time high of almost $70,000. The company kept buying. Then, the asset plunged deep below $20,000 following the FTX crash as well as many other industry blow-offs. The firm continued accumulating, even though its stash was now well in the red. The 2024 US elections only strengthened Strategy’s conviction, and the firm now owns 555,450 BTC , valued at almost $58 billion at current prices. This puts its holdings in an unrealized profit state of nearly $20 billion. The post How Saylor’s Strategy Transformed Bitcoin into a Deflationary Asset: Details appeared first on CryptoPotato .
EGRAG CRYPTO (@egragcrypto), a prominent analyst in the digital asset space, has released an updated evaluation of XRP’s market position. He emphasized its price movement within the established Bull Market Support Band (BMSB). As of May 5, 2025, EGRAG CRYPTO reports that there have been no significant changes in XRP’s price trend since April 30. According to the analyst, “the market continues to hold within the established support zone,” reflecting a period of short-term stagnation. #XRP — Bull Market Support Band (UPDATED) Close three days above or below: Above $2.41 — #BULLISH Below $2.15 — #Bearish Anything in between? Just micro noise! #XRPFamily Together We Rise , MACRO TARGETS STILL THE SAME pic.twitter.com/AvUtARqrbF — EGRAG CRYPTO (@egragcrypto) May 8, 2025 Support Band Parameters and Market Implications The support band is defined by two key levels. The upper boundary is at $2.41, while the lower boundary is set at $2.15. XRP is trading at $2.29. The digital asset has been rising since Donald Trump’s recent announcement . The asset is trading within the key boundary levels, and the analyst identifies this range as a critical area that distinguishes between bullish and bearish momentum in the short term. A close above the $2.41 threshold would indicate strong bullish sentiment, whereas a decline below $2.15 would be interpreted as a bearish reversal. Current Market Conditions and Observations Despite the narrow range, EGRAG CRYPTO emphasizes that XRP remains stable, with no disruptions to the broader market outlook. His analysis predicts short-term behavior, and the digital asset’s long-term perspective remains positive as experts predict massive breakouts . We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 The chart shows that XRP has experienced minor fluctuations around the support levels over the past few weeks. The asset has seen brief touches near the lower bound and modest rebounds, but none have resulted in a sustained directional breakout. Its position is visibly constrained within the BMSB . The price hovers near the midsection of the support zone, suggesting a temporary equilibrium between buying and selling pressure. Next Support Level and Cautionary Outlook Should XRP begin to close below $2.14 consistently, EGRAG CRYPTO identifies $1.90 as the next critical level to monitor. This level would act either as a point of price retest or serve to reaffirm the previous support. For now, EGRAG CRYPTO advises that XRP remains within the valid boundaries of the BMSB and states that “no significant deviations to report” have occurred. If the asset falls, it could rebound to $1.9 and begin building toward another breakout. If it breaks above $2.41, that gives the asset the boost the community has been anticipating, and we could see the asset finally cross $3 again soon. 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 X , Facebook , Telegram , and Google News The post XRP Bull Market Support Band Updated: Analyst Identifies Bullish and Bearish Spots appeared first on Times Tabloid .
The price of SUI, the native token of the Sui blockchain, has experienced a significant rally, accompanied by a notable increase in open interest. This combination of factors suggests growing market activity and positive sentiment surrounding the asset. Factors Driving the Price Increase Several factors could be contributing to SUI’s recent price surge. These may … Continue reading "SUI Price Rallies with Surge in Open Interest" The post SUI Price Rallies with Surge in Open Interest appeared first on Cryptoknowmics-Crypto News and Media Platform .
The post Bitcoin’s $150K Dream Delayed by Panic Sellers, Claims Michael Saylor appeared first on Coinpedia Fintech News Bitcoin’s journey to $150,000 has hit an unexpected roadblock – short-term investors selling off at the wrong time. As Bitcoin surged, a wave of holders without long-term conviction took the opportunity to cash out. But there’s a twist. A new group of investors, including those entering through ETFs and Bitcoin treasury companies, are stepping in. Could they be the key to Bitcoin’s next breakout? Here’s what Saylor has to say. Short-Term Mindset Fuels the Sell-Off Michael Saylor, the founder of Strategy (formerly MicroStrategy), didn’t hold back when discussing the current market dynamics. Speaking with Natalie Brunell on the Coin Stories podcast, Saylor explained that many Bitcoin holders, especially those like governments, lawyers, and bankruptcy trustees, lack the “10-year investor mindset.” When Bitcoin’s price surged, these short-term holders saw an opportunity to liquidate, which has created space for new investors with a more long-term outlook. “I think we’re going through a rotation right now,” Saylor said. “Non-economically interested parties are rotating out, while new investors are coming in.” In a market where volatility is constant, short-term panic sellers often react to price drops, adding to the challenge. It’s a cycle that can hurt Bitcoin’s long-term price trajectory. Strategy’s Bitcoin Bet Pays Off (Despite the Rollercoaster) For Strategy, it’s been a ride of highs and lows, but they’ve stuck to their plan. With 555,450 BTC valued at around $57.54 billion, the company’s Bitcoin holdings are now 50.27% above their average purchase price of $68,569. This long-term strategy has paid off, even as Bitcoin fluctuates between highs of $109,000 (reached on January 20) and dips as low as $76,273 (by April 9). Despite the dip, Bitcoin has shown signs of recovery, hitting $100,000 on May 8. Saylor, ever the optimist, sees the current market conditions as a great opportunity for those willing to weather the volatility. And he’s right: Bitcoin’s price may bounce around, but Strategy’s continued commitment to holding shows their confidence in its long-term value. U.S. Government’s Surprising Embrace of Bitcoin Perhaps one of the most surprising developments has been the U.S. government’s growing embrace of Bitcoin. Despite a historically cautious stance, the U.S. government has taken significant steps to support Bitcoin, including the creation of the Strategic Bitcoin Reserve, signed into law by President Trump on March 7. Saylor, who has long been bullish on Bitcoin, admitted he was surprised at how quickly the U.S. government embraced Bitcoin after Trump’s inauguration “I was surprised the U.S. embraced Bitcoin as radically as it has,” he said. The Road Ahead: Will Bitcoin Hit $1 Million? Looking ahead, Saylor remains confident about Bitcoin’s future. He has made bold predictions before, and he stands by them. Saylor believes Bitcoin could hit $1 million within the next five years, driven by growing institutional interest, clearer regulations, and a shift in investor mindset. Of course, this future depends largely on how the market responds to Bitcoin’s inherent volatility. We’ll keep you tuned in.
Solana’s recent surge in price highlights the volatility that often characterizes the cryptocurrency market, raising questions among investors about sustainability. As market dynamics shift, Solana must navigate not only technical
Goldman Sachs is now largest holder of BlackRock's Bitcoin ETF
Shorts piled in, but their misstep fueled the rally. Will it hold?
The Dogecoin price has rallied more than 10% off the recent crypto market recovery and this has reignited the meme coin frenzy. So far, a large number of meme coins have seen their values skyrocket, with the likes of MemeFi and MOODENG already up over 200% in the last week alone. As the Dogecoin rally continues, more meme coins are expected to outperform and at this junction, some meme coins have more potential to rally than others. Crypto trader Unipcs, also known as the ‘Bonk Guy’ on X (formerly Twitter), has revealed his top meme coin picks of the cycle. The trader became popular with his BONK long position, whose PNL rose over $13 million at one point. Unipcs continues to make winning trades publicly, and thus, his meme coin picks have become some of the hottest tokens of the cycle. BONK Maxi Says The Meme Coin Is Not Done Yet BONK remains at the top of Unipcs’ list, being the original meme coin that brought him fame. However, it goes just beyond being famous for longing BONK as the crypto trader explained that his conviction in the meme coin remains very high. Related Reading: Forget Dogecoin, Analyst Says Solana Meme Coin “BONK” Is About To Explode In an X post, he explains that the 70-90% corrections are normal for BONK, and the meme coin has managed to actually make a new all-time high after each one. Given this, the trader believes that BONK is also going to recover from here and reach all-time highs. Interestingly, Unipcs has revealed previously that he continues to hold his BONK long trade, meaning the trade has been running for more than a year now, with over $1 million paid in fees already. FLOKI Still In The Game Another meme coin that the crypto trader has shown a high level of conviction in is FLOKI, revealing that it’s his biggest meme coin bag in spot. This meme coin which was named after Elon Musk’s dog was the only top meme coin to make a new all-time high in 2024, showing a high level of conviction from investors. Unipcs said in April that FLOKI is incredibly undervalued, giving multiple reasons for this. This included the fact that it was listed on all major crypto exchanges, an ETP filing, as well as being the most popular meme coin on the BNB Chain. As a result, he sees the price reaching a new all-time high as well. Fartcoin Joins Meme Coin Race Fartcoin is one of the most recent additions to the crypto trader’s lineup, securing a long position with a PNL of over $5 million. Despite the meme coin having rallied more than 400% from his entry, the crypto trader still believes that Fartcoin has more ways to go. In a post , he points out that Fartcoin has the highest mindshare of this era and is expected to make new highs as Bitcoin continue to rise . “Sometimes, you need to look beyond the imaginary lines on your chart and think about what could happen when things get crazy,” Unipcs wrote. Other meme coins that have made it on the trader’s radar include POPCAT and, more recently, a tweet of a new long position taken in a meme coin. While Unipcs did not reveal the name, from the chart posted, his followers quickly deciphered that the crypto trader has likely longed PNUT, which is already doing quite well.