Emin Gun Sirer, Founder and CEO of Ava Labs, and John Wu, President of Ava Labs, headlined a panel titled "Bringing the World On-Chain." at the Cornell Blockchain event.
The latest Cambridge Centre for Alternative Finance report confirms the United States and Canada dominate global bitcoin mining, collectively controlling over 80% of reported activity. Bitcoin mining is now 52.4% reliant on sustainable energy, with hydropower (23.4%) and wind (15.4%) as leading sources. North America Dominance According to the latest Cambridge Centre for Alternative Finance
Ripple’s XRP is regaining attention following a major regulatory milestone: the approval of XRP futures ETFs by the U.S. Securities and Exchange Commission (SEC). Analysts are now debating whether XRP could achieve the much-anticipated $5 target — a move that would mark a new era for the digital asset. Meanwhile, emerging projects like MAGACOIN FINANCE are also seeing early investor rotation as traders seek strategic early-stage entries ahead of the next wave. XRP’s ETF Approval Sparks Optimism With the recent approval of ProShares Trust for the issuance of three XRP futures ETFs—namely, Ultra XRP ETF, Short XRP ETF and Ultra Short XRP ETF—the stage is now set for institutional involvement. These products, launching on April 30, will enable investors to gain exposure to XRP price movements without owning the asset. XRP experienced a notable shift in events following the announcement. According to CoinMarketCap, the cryptocurrency has increased by 10.06% over the last 7 days, reaching a value of $2.31. In the past 24 hours, the volume surged by 71.87%, as traders look to the ETF catalyst. Technical analysts stated that XRP has broken and closed above its previous resistance level of $2.20 and is currently consolidating near $2.30. The major resistance area is between $2.50 and $2.70. XRP may reach $5 soon if things remain positive post-ETF launch. Investor Sentiment: Institutional Confidence Growing The impact of the spot ETF approvals will extend beyond temporary price movements. Investor sentiment towards XRP could also improve, giving hope to the long-suffering holders. According to experts, the liquidity connections from futures ETFs may lead to regulatory approval for spot-based XRP ETFs. This further links Ripple to the traditional financial ecosystem. Investor sentiment is highly bullish on whales’ accumulation pattern as well as a sharp increase in social and trading volume. XRP positions itself in the payments infrastructure space, marking a crucial distinction from speculative altcoins. This provides a strong utility thesis for investors. MAGACOIN FINANCE: A Strategic Early-Stage Play While XRP moves toward mainstream acceptance, forward-looking investors are also rotating capital into emerging projects like MAGACOIN FINANCE. Still trading under $0.01 , MAGACOIN offers early access to a high-scarcity, community-driven asset before centralized exchange exposure. Analysts see parallels between MAGACOIN FINANCE’s current stage and XRP’s early growth period — particularly the focus on real-world use cases, scarcity mechanics, and strategic accumulation by smart capital. MAGACOIN FINANCE’s roadmap includes phased expansion, staged token releases, and upcoming integration opportunities designed to foster organic demand. Early whale activity combined with grassroots adoption trends suggest MAGACOIN FINANCE could mirror the type of strong early-stage moves seen historically in assets that later achieve significant market caps. Final Takeaway XRP could reach $5 in the long term, driven by fresh momentum following the catalyst of ETFS. At the same time, tactical investors seeking earlier-stage opportunities have begun to look at MAGACOIN FINANCE as the next mover before the market catches up. In the evolving landscape of digital assets, timing remains critical — and both XRP and MAGACOIN FINANCE are capturing attention for the next phase. To learn more about MAGACOIN FINANCE, please visit: Website: magacoinfinance.com Presale: magacoinfinance.com/presale Twitter/X: https://x.com/magacoinfinance
The XRP (XRP) price is poised for a potential short-term rally back to its 2025 highs, driven by hype surrounding XRP futures ETFs in the coming weeks. Proshares Trust’s XRP future ETF launch was just delayed until the 14th of May. BREAKING: ProShares Trust #XRP ETF’s launch has been rescheduled to May 14, 2025! pic.twitter.com/xDPeBTtsdu — JackTheRippler © (@RippleXrpie) April 29, 2025 However, that hasn’t dampened sentiment. Indeed, SEC’s approval of these ETFs, following Ripple’s legal victory in March 2025, has sparked investor enthusiasm – the XRP price was last around $2.25, up over 40% from monthly lows. Moreover, bullish technicals, including the XRP price’s recent breakout above a multi-week downtrend and its 21 and 50DMAs, signal short-term targets of $3.40. Crypto traders will remember how the market initially underestimated the impact of the launch of spot Bitcoin ETFs in early 2024. Could the market be underpricing the impact of the XRP futures ETFs, and could XRP be about to surge all the way to $10? XRP to $10 Not Likely Yet Thanks to Macro Uncertainties Traders should avoid chasing this rally blindly. Economic uncertainty, fueled by President Trump’s trade war, is rattling global markets and the US economy is already showing signs of cracking. *US APRIL CONSUMER CONFIDENCE 86.0; EST. 88.0 *US MARCH JOB OPENINGS 7.192M; EST. 7.500M pic.twitter.com/7jsXr03ZDi — Christian Fromhertz (@cfromhertz) April 29, 2025 Consumer expectations just cratered to their worst levels since 2011, while job openings just tanked 300,000. Meanwhile, concerns about sticky inflation thanks to tariffs is likely to keep the Federal Reserve hawkish at the time when the market needs them the most. Altcoins like XRP , highly sensitive to risk-off sentiment, could face sharp pullbacks in such conditions. A $10 price target seems unrealistic in this climate, as macro headwinds could cap gains. Time to Accumulate XRP? Despite short-term risks, long-term investors should view market choppiness as a buying opportunity. The Trump administration’s pro-crypto stance, including potential regulatory clarity under new SEC Chair Paul Atkins, bodes well for XRP. Trump’s favoritism toward XRP, which he named back in March as one of the key cryptos to be included in the digital assets stockpile, is another reason to be long-term bullish. In the background, XRP’s fundamentals remain robust: Ripple’s RLUSD stablecoin launch in December 2024 boosted liquidity, and 80% of Japanese banks now use Ripple Payments for cross-border transactions. XRP Takes Over Japan! BREAKING: The Bank of Japan has confirmed that by end of 2025, every bank in the country will adopt XRP for payments. This isn’t just big it’s historic. Japan is setting the global standard, making XRP the backbone of its financial future. The crypto… pic.twitter.com/q6lZB3hlMR — GA Spark (@1themoonshoowt) April 25, 2025 The XRP Ledger’s upgrades, supporting over 3,400 transactions per second, position it for mass adoption. High Upside Potential Alternative to Consider – Fantasy Pepe (FEPE) A just launched new crypto called Fantasy Pepe (FEPE) is making waves in web3 investing circles as a high-upside meme coin blending AI, fantasy football, and blockchain. Launched just days ago, the presale has already raised close to $250,000, with FEPE currently available at $0.0003. Investors should note that the price is rising every three days across 30 rounds until July 20 or a $10M hard cap. Listing at $0.00053, early buyers could see 77% gains pre-launch. With 125 billion tokens, 20% are for presale, 15% for staking (up to 150% APY), and 15% for prediction rewards, ensuring engagement. Fantasy Pepe’s AI-driven platform, where ChatGPT and DeepSeek manage meme-themed football clubs and Grok referees 60-second matches, taps into football’s 3.5 billion fans and AI’s 72% global adoption. Users predict outcomes, stake tokens, and collect NFTs, creating organic demand. Partnerships with clubs like Marbelli FC signal mainstream potential. FEPE’s low $50M fully diluted valuation make it a good candidate for massive gains should altcoin season return, which could happen if the Fed opts to unleash liquidity. Buy via ETH, USDT, BNB, or card on the official website with a MetaMask wallet. The post Is XRP About to Jump to $10? New Futures ETFs Fuel Bullish XRP Price Prediction appeared first on Cryptonews .
XRP price started a fresh increase above the $2.30 zone. The price is now correcting gains and holding the $2.220 support zone. XRP price started a fresh increase above the $2.30 zone. The price is now trading below $2.2650 and the 100-hourly Simple Moving Average. There is a key contracting triangle forming with support at $2.220 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase unless there is a close below the $2.220 support. XRP Price Holds Key Support XRP price started a decent upward wave above the $2.250 and $2.280 resistance levels, beating Bitcoin and Ethereum . The price traded above the $2.30 level to enter a positive zone. A high was formed at $2.359 and the price started a downside correction. There was a move below the $2.30 and $2.280 support levels. The price tested the $2.220 support zone. A low was formed at $2.2220 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $2.359 swing high to the $2.2220 low. The price is now trading below $2.2650 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.250 level. The first major resistance is near the $2.280 level. There is also a key contracting triangle forming with support at $2.220 on the hourly chart of the XRP/USD pair. The next resistance is $2.30 and the 61.8% Fib retracement level of the downward move from the $2.359 swing high to the $2.2220 low. A clear move above the $2.30 resistance might send the price toward the $2.350 resistance. Any more gains might send the price toward the $2.320 resistance or even $2.350 in the near term. The next major hurdle for the bulls might be $2.420. Dips Supported? If XRP fails to clear the $2.2650 resistance zone, it could start another decline. Initial support on the downside is near the $2.220 level. The next major support is near the $2.20 level. If there is a downside break and a close below the $2.20 level, the price might continue to decline toward the $2.160 support. The next major support sits near the $2.120 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.220 and $2.20. Major Resistance Levels – $2.2650 and $2.30.
The post New Cboe Bitcoin Futures (XBTF) Offer More Flexibility for Crypto Traders appeared first on Coinpedia Fintech News To meet the rising demand for crypto derivatives, CBOE Global Markets has launched new Bitcoin futures contracts called Cboe FTSE Bitcoin Index futures (XBTF), now available on its Cboe Futures Exchange. This follows CBOE’s earlier launch of Bitcoin options products (CBTX and MBTX), offering a range of tools for managing Bitcoin price swings. These products can be used individually for simpler trades or together for more advanced strategies. The XBTF futures, like the Bitcoin options, are cleared through OCC. Cboe Expands Crypto Offerings Cboe’s growing range of crypto products now includes spot bitcoin ETFs and bitcoin ETF index options, alongside their new bitcoin futures. The BTC index futures are cash-settled, which eliminates the need for physically delivering Bitcoin. These XBTF futures will settle on the last business day of each month in the afternoon. “As customer demand for crypto-based derivatives continues to rise, Cboe is committed to building a well-rounded ecosystem to help facilitate more efficient, flexible access to bitcoin exposure and risk management,” said Catherine Clay, Global Head of Derivatives at Cboe. She added that Cboe’s new Bitcoin futures are an important addition to their crypto offerings, allowing investors to gain exposure to or hedge Bitcoin in a regulated, transparent environment with centralized clearing. Cboe is expanding its digital assets by listing U.S. spot bitcoin and ether ETFs. Its new cash-settled Bitcoin options have helped create ETFs that give investors Bitcoin exposure with limited risk. Barak Capital, a leading market maker, noted the growing demand for stable and efficient markets as digital asset investments become more institutionalized. They are ready to provide liquidity to Cboe’s FTSE Bitcoin Index futures.
Scroll has reached “Stage 1” decentralization, marking a pivotal shift in its Ethereum Layer 2 solution, enhancing user safety and transaction fairness. This transition allows users to execute transactions without
Having reached "Stage 1" decentralization status, the scaling solution has become fairer and safer for users, Scroll claims.
Tesla just did something none of the other Magnificent 7 stocks have pulled off in 2025. It closed above its 200-day moving average, making it the only one of the group to recover that technical line. However, the recovery came after the stock had already lost around 30% year-to-date, and no one buying this rally is looking at the company’s numbers. The data looks worse than ever. According to Redburn Atlantic, Tesla investors should be heading for the exit. On Tuesday, the firm told clients to sell, warning of a rough year ahead full of falling sales and tighter cash flow. Adrian Yanoshik, an analyst at Redburn, wrote in a note that “our challenging earnings outlook incorporates headwinds from electric vehicle (EV) pricing, Mexico-US and China-Europe tariffs.” He said the firm expects earnings and free cash flow to land 10% below Wall Street’s estimates. Source: TradingView Redburn expects more downside as EV risks pile up Yanoshik didn’t stop there. He pointed to possible risks from Washington, saying: “We note even further risks for downgrades associated with a possible rescinding of US Inflation Reduction Act (IRA) clean vehicle credits.” If those federal credits disappear, Tesla buyers could lose a key price break, and that could crush already shaky demand. Redburn is calling for a price target of $160, which means a 44% drop from Monday’s close of $285.88. That puts a hard ceiling on the optimism that pushed the shares up 18% after terrible earnings. Investors are trading this stock like it’s a joke. It’s not moving on performance. It’s moving on, wishful thinking. Yanoshik also said the new Model Y refresh, which started deliveries in March, won’t change much. “Although aimed at reinvigorating sales, we only consider a modest net volume uplift,” he said. There’s also a cheaper model coming in June, but the company hasn’t shown it, named it, or said what it’ll do differently. The only thing known is that it’s coming. That’s not a plan. That’s a placeholder. The actual performance numbers are trash. Over the past four years, Tesla has lagged the S&P 500 by 15 percentage points. Shareholders have taken huge hits with massive swings in the stock. And nothing real has come out of the company since the Model Y SUV, which launched in 2019. That’s the last major release. No actual innovation in more than five years. Tesla stock remains wildly overpriced as investors ignore the numbers Let’s talk valuation. S&P CapitalIQ says Tesla’s price-to-earnings ratio is 164x. That means buyers are paying 164 times the company’s profits for each share. The price-to-sales ratio is 9.51x, which still screams overvalued. For context, most solid companies trade at around 2x to 3x sales. If you’re paying nearly 10 bucks for every $1 in revenue, you better be sure the company’s gonna triple its business. But Tesla isn’t showing signs that it can even grow at all. Former Sun Microsystems CEO Scott McNealy once said, “At 10 times revenues, to give you a 10-year payback, I have to pay you 100% of revenues for 10 straight years in dividends.” Then he asked the only question that matters: “What were you thinking?” The math hasn’t changed. Investors are just ignoring it. The dreams people are buying aren’t about cars. Vitaliy Katsenelson, a money manager based in Denver, broke it down like this: out of Tesla’s $900 billion market cap, only $100 to $180 billion comes from the actual car business. The rest? That’s all tied to ideas Elon Musk has floated—like robotaxis, robots, and self-driving software—none of which are real businesses yet. Shareholders are basically just gambling on things that haven’t happened. Even the Full-Self-Driving software, which has been in beta forever, still isn’t finished. No one knows when it’ll actually work. And the Tesla board isn’t independent enough to ask questions or challenge timelines. It’s just along for the ride. Before the 2024 election, the company already had real problems. Traditional automakers were pushing out better EVs, and charging was still a nightmare for customers. Range anxiety is still real. The Model 3 and Model Y are both over five years old. The Cybertruck is overpriced and falling apart. Full-Self-Driving is barely operational. And robots? No one outside of Elon thinks those are coming anytime soon. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
The US Senate is preparing to vote on long-awaited stablecoin legislation before Memorial Day, setting the stage for the chamber’s first major crypto regulation vote. Senate Majority Leader John Thune shared the timeline with Republican lawmakers during a closed-door lunch on Tuesday, Politico reported Tuesday. The pending vote would mark a key moment for digital asset policy in the US, as lawmakers seek to bring oversight to stablecoins, the dollar-pegged digital tokens that have become central to the crypto economy. The bill, known as the GENIUS Act, would establish a licensing framework for stablecoin issuers and set limits on who can issue payment stablecoins in the country. NEW: U.S. SENATE TO VOTE ON STABLECOIN LEGISLATION BEFORE MEMORIAL DAY, THUNE TELLS REPUBLICANS – PER POLITICO SOURCE pic.twitter.com/qCfCJiz4pi — DEGEN NEWS (@DegenerateNews) April 29, 2025 Stablecoin Measure Clears Committee With Cross-Party Backing Introduced by Senator Bill Hagerty in February, the legislation cleared the Senate Banking Committee in March with bipartisan support , including five Democratic votes. The bill would effectively prohibit any entity that is not a “permitted payment stablecoin issuer” from issuing such tokens, creating a clearer path for regulated participants and giving federal agencies greater enforcement authority. The Senate vote, if held before the end of May, could provide momentum for broader crypto legislation later in the year. Republicans have signaled interest in advancing a second measure that would divide oversight responsibilities between the Commodity Futures Trading Commission and the Securities and Exchange Commission, a long-running source of tension within US crypto policy. Stablecoin Boom Pressures Lawmakers To Act Before Industry Outpaces Policy In the House, lawmakers are advancing a similar stablecoin bill known as the STABLE Act . Together, the House and Senate efforts represent the most serious attempt to legislate stablecoins since they emerged as a widely used instrument in global digital payments. While the White House has issued executive orders touching on crypto, including stablecoins, Congress has yet to pass binding legislation on the issue. A pre-Memorial Day vote would mark progress for the crypto industry, which has spent years urging Washington to create rules that would legitimize stablecoins and clarify their legal status. The sector has argued that regulation would protect consumers, attract institutional capital, and reduce the risk of offshore issuers dominating the market. Although stablecoins remain a small part of the broader financial system, their rapid growth and ties to payment infrastructure have drawn increased attention from lawmakers and regulators. Supporters of the bill say a clear regulatory framework would help prevent future shocks while allowing the technology to evolve under supervision. If passed, the GENIUS Act could be the first piece of comprehensive crypto legislation to reach the president’s desk. The post US Senate Eyes Pre-Memorial Day Vote on Stablecoin Law: Report appeared first on Cryptonews .