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Showing posts with the label sec

NYSE Arca Seeks SEC Nod for Truth Social ETF

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Truth Social’s Bitcoin ETF is moving forward as NYSE Arca filed with the SEC on Tuesday seeking to list the Truth Social Bitcoin and Ethereum ETF. The NYSE Arca SEC filing proposes a fund that would invest 75% in Bitcoin and also 25% in Ethereum, marking Trump Media ETG’s expansion into regulated crypto ETF approval markets right now. Also Read: Solana Spot ETF: CoinShares Seeks SEC Nod for Launch Truth Social Bitcoin ETF Faces SEC Scrutiny and Crypto Split Risks Source: Greek Reporter The Truth Social Bitcoin ETF represents the second filing from Trump Media ETG in less than a month. TMTG, which is majority-owned by President Donald Trump, has accelerated its Bitcoin ETH allocation strategy through regulated investment vehicles. This crypto ETF approval filing follows the Bitcoin-only Trump BTC ETF that was submitted in early June. NYSE Arca filing documents – Source: SEC,gov Crypto.com Partnership Manages ETF Operations TMTG and Yorkville America have partnered with ...

XRP network activity crashes 95%; What next?

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XRP is experiencing a noticeable slowdown in network activity as it struggles to maintain its price above the psychological level of $2. Specifically, the number of new daily XRP accounts created has dropped from an all-time high of 30,641 on December 2 to just 1,822 as of May 25. This represents a staggering 94.05% decline in under six months, according to data from XRP Scans retrieved by Finbold. XRP new accounts activated chart. Source: XRP Scan Notably, the last peak in new accounts coincided with XRP breaking out of a prolonged consolidation phase below $1. That surge in activity aligned with a post-election rally, suggesting renewed investor interest during that period over anticipation of friendly regulation for the sector.  Interestingly, even amid recent positive developments, the pace of new account creation remains subdued.  For example, progress in the legal battle between the Securities and Exchange Commission (SEC) and Ripple continues, ...

Why you should buy XRP before June 17

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Summary ⚈ The SEC is set to decide on a spot XRP ETF by June 2025 after settling its case with Ripple. ⚈ Investor optimism is growing as approval odds reach 77% and whale accumulation increases. ⚈ Analysts are eyeing a potential $15 target for XRP but caution against market uncertainties. After the Securities and Exchange Commission (SEC) moved to end its legal battle with Ripple, attention has again shifted to the agency regarding a decision on an investment product related to XRP expected in June. Specifically, in late April, the SEC extended its review of Franklin Templeton’s application for a spot XRP exchange-traded fund (ETF) to June 17, 2025, a date that could be pivotal for the token. Franklin Templeton is among the largest asset managers seeking approval for an XRP-based ETF. If approved, the fund would allow retail and institutional investors to gain exposure to XRP through traditional brokerage accounts, potentially driving the asset’s price upward. ...

Ripple: 3 Things That Can Take XRP To $10

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Ripple’s XRP token had a bullish outbreak earlier this year. The popular cryptocurrency breached the $3 mark for the first time in January 2025 after nearly seven years. XRP’s breakout came a few days before President Trump’s inauguration. Also Read: Goldman Sachs Predicts $3,700 Gold by Year-End Surge XRP Breaks Its Chains Source: InsideBitcoin Ripple’s XRP struggled to gain momentum after the SEC filed a lawsuit against the fintech company. The financial watchdog alleged that the company sold unregistered securities. XRP even struggled to rally during the 2021 bull run. Also Read: Japan’s $1.1 Trillion in U.S. Treasuries: A New Weapon in Economic Warfare The SEC recently dropped its litigation against Ripple, leading many to believe that XRP will finally hit a new all-time high. The pro-crypto administration of the US may have pushed the SEC into dropping the case. The SEC also has a new pro-Bitcoin candidate, Paul Atkins, at its helm. We may see the agency tak...

Michael Saylor’s Strategy Buys Another $584M in Bitcoin 

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The growth of the cryptocurrency sector has been one of the key developments in the United States already this year. That has led many of the asset classes’ biggest believers to double down on the market’s potential. Chief among them is Michael Saylor, whose Strategy has purchased another $584 million worth of Bitcoin. Formerly known as MicroStrategy, the Saylor-led firm has been one of the foremost BTC believers. Indeed, the firm was among the first to adopt an accumulation strategy that embraced the upside of the leading cryptocurrency. Now, with its latest purchase, the firm’s holdings have surpassed 500,000 Bitcoin in a monumental move. JUST IN: Michael Saylor's 'Strategy' buys another 6,911 Bitcoin worth $584 million. — Watcher.Guru (@WatcherGuru) March 24, 2025 Also Read: Bitcoin Acquisitions: Strategy’s $500 Million Stock Sale Targets 100,000+ BTC—Biggest Buy Yet? Saylor’s Strategy Buys Another 6,911 BTC as Holdings Reach New Record With the 2024 presidential electio...

Pepe: Analyst Predicts 50% Rally To $0.0000105

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Pepe (PEPE) seems to be making a remarkable recovery. The asset is currently outperforming the top 30 cryptocurrencies by market cap in the weekly charts. The frog-themed crypto’s price is up 2.2% in the daily charts, 18.7% in the weekly charts, and 1.7% in the 14-day charts. Despite the rally, the memecoin is down 28.8% in the monthly charts and 8.6% since March 2024. Also Read: Ethereum Prediction: How High Will ETH Trade During The End of March 2025 Source: CoinGecko Cryptocurrencies Make A Comeback Source: Watcher Guru The crypto market may be in the early stages of a turnaround. Bitcoin (BTC) has reclaimed the $83,000 price point after its brief dip to sub-$80,000 levels. PEPE has faced a big correction over the last month. The memecoin’s price gained an additional zero after its decimal point. Also Read: GTA 6 Map Mod Lets You Explore New Vice City Early! The slight market recovery could be due to a new SEC chair taking office later this month. Paul Atkins will take ov...

Ripple Recovers 50% of Losses: Where Will XRP Go Now?

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2025 has been a year of ups and downs for the cryptocurrency market. Although we are less than two months into the year, a host of assets have struggled to secure significant gains. However, things are turning around. One key asset affected is Ripple, which has recovered 50% of its losses as all eyes are on where XRP will go next. The crypto had gained 13% over the last several days of the week. Moreover, it was poised to face a key resistance level at the $2.33 mark. With long-term holders remaining profitable, historical trends point to a notable bullish price trajectory beginning to form for the token. Source: Outlook Business Also Read: BlackRock Solana & XRP ETFs: $1 Billion BUIDL Fund Fuels Crypto Surge XRP Jumps 13% This Week: So What’s Next? Last week, it was revealed that the US Securities and Exchange Commission (SEC) would delay ongoing filing for an XRP ETF. The move did not spell the need for the crypto-based ETF to be approved but certainly didn’t incite confid...

Forget the BTC Crash: Here's What Went 'Right' for Crypto in 2025

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The cryptocurrency market is currently battling one of its most intense episodes of chaos to date. Bitcoin, which was once at its prime of $100K, has now fallen to sit at $85K, with the majority of the altcoins bleeding red from all sides. Despite the dramatic market crash that has happened, investors should remember how the cryptocurrency domain has come a long way in terms of innovation and new endeavors that have vowed to sustain the industry for generations to come. Here’s a list of all things “happy” that happened to crypto this year to strengthen the morale of the domain at the moment. Also Read: Pi Network’s Market Cap Hits $16B: Is a Climb to $4 Next? Happy Things That Happened to the Crypto Domain This Year Source: Watcher Guru The Bitcoin fear and greed index has currently hit a new low of 10, fanning flames of fear within the hearts of investors. In times of such market distress, Altcoin Daily has uploaded a post on X emphasizing the bigger picture, all while pivoting invest...

Ethereum Price Prediction: ETH Drops 2% As This AI Agent Pepe Hybrid Soars Past $5.4M In Presale

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The Ethereum price dropped 2% in the last 24 hours to trade at $2,635 as of 09:23 p.m. EST on trading volume that rose 2% to $30.8 billion. This comes as the US Securities Exchange Commission (SEC) said it will decide on April 9 whether to approve options trading on BlackRock’s iShares Ethereum Trust. 🇺🇸 SEC has delayed BlackRock’s spot Ethereum ETF options The SEC has delayed its decision on BlackRock’s spot Ethereum ETF options until April 9, 2025 likely pending Paul S. Atkins' confirmation. Meanwhile, CBOE has filed a 19b-4 rule change proposal with the SEC to enable… pic.twitter.com/s4xO08hVaD — Cult of Blockchain (@BlockchainCult) February 7, 2025 BlackRock’s spot Ethereum ETF was approved along with eight others in May 2024 and began trading over the summer. Later, Nasdaq, on behalf of BlackRock, filed a rule change in August to list and trade options of the iShares Ethereum Trust.  Ethereum Price Could Still Soar ...

Ethereum still struggling to break 0.03 per bitcoin level

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Whenever the price of Ethereum approaches 0.03 per bitcoin (BTC), it usually means that something entertaining is happening or about to happen in crypto. The price level is notable for many reasons and somewhat storied in crypto history. From its debut in 2015 through the spring of 2016 — long before crypto was mainstream — Ethereum tried to gain listings on exchanges catering almost exclusively to BTC purists who scoffed at the fledgling project. Struggling to even attain a single-digit dollar price , ether (ETH) tried to breach the 0.03 per BTC ceiling on two, failed occasions in March and May. Efforts to ascend languished for another year. Then finally, in the spring of 2017, Ethereum’s lead founder Vitalik Buterin convinced enough investors to take an interest in the project above 0.03 per BTC. His catalyst? Ethereum’s ERC-20 standard and its associated initial coin offerings (ICOs). ETH tried to breach the 0.03 per BTC ceiling on two, failed occasio...

Crypto ETF Filings Boom With Dogecoin, Bonk, And Trump ETF Products Added After Gary Gensler Stepped Down

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A surge of ETF filings, including for meme coins Dogecoin, Bonk, and Official Trump, has followed the departure of Gary Gensler as Chair of the Securities and Exchange Commission (SEC). The influx in crypto ETF filings follows pro-crypto US President Donald Trump’s inauguration on Jan. 20 and his appointment of Commissioner Mark Uyeda as acting SEC Chair. REX Shares And Osprey Submit Several Crypto ETF Applications Among the crypto ETF filings seen since Gensler stepped down on Jan. 20 are applications submitted from asset managers REX Shares and Osprey. The firms are looking to launch investment products for prominent cryptos such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and XRP, as well as for meme coins DOGE, BONK and TRUMP. If approved, the TRUMP ETF will be the first investment product of its kind to give investors exposure to the President’s new token.  BTC And ETH ETF Providers Look To Expand Their Offering In addition to the filing from REX Shares ...