In a pivotal announcement, the US Secretary of Commerce indicated that a potential tariff compromise involving Mexico and Canada could be forthcoming. As anticipation builds, the cryptocurrency market remains keenly
Donald Trump’s recent endorsement of Cardano (ADA), XRP, and Solana (SOL) has led to speculation that exchange-traded funds (ETFs) for these assets may soon receive approval. While the President did not directly mandate that these assets be included in ETFs, his proposal to add them to a strategic reserve was seen by the market as an indirect endorsement. Analysts suggest Trump’s support could ease regulatory concerns and strengthen applications for ETFs based on these altcoins. “The inclusion of XRP in a strategic reserve strengthens the case for XRP ETF applications by helping to address some of the key regulatory concerns,” Jonathan de Wet, chief investment officer at crypto trading firm Zerocap, said in an interview. But some industry experts are urging caution. Trump’s proposal, which would prioritize Bitcoin (BTC) and Ethereum (ETH) as reserve assets, lacks a clear timeline and would likely require congressional approval before being implemented. Related News: This Altcoin Gets Proposed For "The Most Important Update In Its History", The Price Suddenly Turns Green While The Entire Market Is In The Red “We assume some sort of bill needs to pass Congress, and in my view it’s very unlikely that the reserve will look exactly as proposed,” said Luke Nolan, a research associate at CoinShares. Zach Burks, CEO of NFT marketplace Mintable, dismissed the significance of Trump’s comments, arguing that XRP and Cardano have little strategic value to the U.S. government. “They are nothing compared to the strategic gold reserves that the U.S. holds,” Burks said. Despite regulatory uncertainty, the Securities and Exchange Commission (SEC) is currently reviewing ETF applications for XRP, Solana, and Cardano. Trump’s strong support for crypto and his own initiatives in the sector, including a memecoin project, have fueled expectations that these ETFs could eventually gain approval. Meryem Habibi, chief revenue officer at Bitpace, a crypto payment gateway, believes Trump’s push for a strategic reserve will positively impact ETF approvals. “The reserve call should accelerate approvals for ETFs like Solana and XRP,” Habibi said. Despite the short-term volatility, analysts suggest that a resurgence in Bitcoin and potential SEC-approved altcoin ETFs could lead to renewed institutional interest and price gains for these assets. “In an optimistic scenario, I think XRP and Solana will garner more institutional interest and likely attract higher fund flows,” Nolan said. *This is not investment advice. Continue Reading: After Donald Trump’s Cardano, XRP and Solana Announcement, Analysts Predicted What Will Happen Next: Will the Anticipated Come?
The recent announcement surrounding Cumberland DRW and the SEC marks a significant turning point in regulatory discussions within the crypto trading sector. The withdrawal of the SEC’s charges, which alleged
The SEC last year charged Cumberland DRW with various securities charges—but now the lawsuit is set to be dropped.
Solana’s upcoming protocol upgrades are set to significantly impact validator revenues, prompting debate about their potential long-term benefits. The proposed adjustments aim to balance staking rewards with inflation rates, featuring
Recent discussions in the crypto community have reignited debates over the classification of XRP, particularly in light of recent comments from industry leaders. Amidst ongoing regulatory scrutiny, Ripple’s XRP token
Led by President Nayib Bukele, El Salvador apparently has no intention of stopping its accumulation of bitcoin (BTC) no matter what the IMF demands. "'This all stops in April.' 'This all stops in June.' 'This all stops in December.' No, it’s not stopping," Bukele posted on X on Tuesday afternoon. "If it didn’t stop when the world ostracized us and most 'bitcoiners' abandoned us, it won’t stop now, and it won’t stop in the future. Proof of work > proof of whining." Bukele's social media post came shortly after the International Monetary Fund (IMF) published more details about its $3.5 billion deal with the Latin American nation. The IMF claimed as part of the loan package to have imposed a prohibition of "voluntary accumulation of bitcoin by the public sector." Perhaps in response to the IMF posting, or perhaps not, El Salvador late Monday night disclosed the purchase of 19 bitcoin over the previous seven days and then on Tuesday afternoon disclosed the purchase of one additional token on top of that. The IMF news drew a number online howls by bitcoiners, including from Samson Mow, who has at least previously been close to President Bukele. "No more #Bitcoin buys for El Salvador," said Mow earlier on Tuesday . "The buys will all stop within a few months," he said later after the country did indeed make an additional purchase. The Salvadoran government currently holds 6,101.15 bitcoin, worth roughly $530 million at bitcoin's current price of around $88,000. "The message is not just important — it's a catalyst for monumental change. Thanks [Nayib Bukele]," Juan Carlos Reyes, president of El Salvador's National Commission on Digital Assets (CNAD), posted on X, linking back to Bukele's post.
Amid several days of massive Bitcoin volatility, the asset soared back above $88,000 on Tuesday after BlackRock CEO Larry Fink allegedly told investors to buy any short-term dips, as he expects an economic rally for later this year. Bitcoin traded for $82,300 at 11:40am ET on Tuesday, before rallying above $88,300 within the next three hours. It trades for $88,000 at writing time. Per a report from Seeking Alpha published at noon, Fink said that “the world is fine” despite US tariffs that are spooking markets. “It’s not as bad as it was in the ’60s in the United States,” he said at the RBC Capital Markets Global Financial Institutions Conference, claiming that investors should buy if there’s a big dip.”People are pausing, consumers are pausing, businesses are pausing.” Two to three years out, Fink predicted that technology – especially AI – will prove very deflationary. “I believe we’re getting set up for a big economic boom,” he added. “Trends are going to be net positive in the long run for the United States.” Fink’s statement follows a recent report from BlackRock highlighting Bitcoin inelastic supply, and how “if every millionaire in the US asked their financial advisor to get them 1 bitcoin, there wouldn’t be enough.” BTC has osscilated between $80,000 and $93,000 for the past three days, with much volatility triggered after President Trump confirmed that he plans for a multi-asset Crypto Strategic Reserve, including BTC, ETH, SOL, ADA, and XRP. The post Bitcoin Soars Back To $88,000 After BlackRock CEO Says “Buy The Dip” appeared first on CryptoPotato .
The network’s planned upgrades are sparking debate amid concerns over validators’ revenues.
The $0.006 and $0.008 levels were the support levels to watch if WHITE retraces its gains further.