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News | Crypto Converter | Crypto Calculators |
XRP ETF approval odds soar to 86% following Ripple's legal victory |
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Key points: |
Crypto experts and market bettors strongly anticipate an XRP ETF approval in 2025, with Polymarket giving an 86% likelihood. Major financial institutions like BlackRock and Fidelity are expected to enter the XRP ETF race following Ripple's recent legal victory.
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News - Optimism for an XRP exchange-traded fund (ETF) is rapidly growing following the SEC's decision to drop its longstanding lawsuit against Ripple. Ripple CEO Brad Garlinghouse confirmed the conclusion of the multi-year legal dispute on March 19, effectively removing significant regulatory uncertainty surrounding XRP. |
Institutional interest intensifies - This development has sparked confidence among market analysts and crypto betting platforms about an imminent XRP ETF approval. Polymarket, a popular prediction platform known for its accuracy, now gives an 86% chance that the SEC will approve an XRP ETF by the end of 2025. However, approval odds before July 31 remain somewhat lower, at around 42%. |
ETF industry expert Nate Geraci echoed this positive sentiment, emphasizing that an XRP ETF is "simply a matter of time" following Ripple's legal victory. Geraci anticipates major asset managers, notably BlackRock and Fidelity, will soon seek to capitalize on the opportunity, given XRP's status as the third-largest non-stablecoin cryptocurrency by market cap. |
JPMorgan analysts further predict significant institutional demand, forecasting potential inflows of $6-8 billion within the first year following ETF approval. However, some analysts remain cautious, highlighting that the market might become oversaturated, potentially limiting demand beyond Bitcoin and Ethereum ETFs. |
Despite high optimism, XRP's immediate market reaction was relatively muted, with prices increasing about 5% following the lawsuit's resolution, trading around $2.44. |
What's next? - Market participants are closely monitoring the SEC's next moves, expecting further clarity soon that could potentially accelerate XRP ETF applications from leading asset managers. |
Ethereum completes final 'Pectra' test: Mainnet upgrade looms |
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Key points: |
Ethereum's crucial 'Pectra' upgrade completed its final test on the Hoodi testnet after earlier issues on Holesky and Sepolia. Developers plan to deploy Pectra on Ethereum's mainnet within approximately 30 days, provided the latest test runs smoothly.
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News - Ethereum's significant upcoming network upgrade, dubbed 'Pectra,' successfully underwent its final test on the Hoodi testnet on Wednesday. The completion of this third test was closely observed, given two prior failures on the Holesky and Sepolia testnets. These setbacks were primarily due to unexpected issues, including a malicious actor triggering empty block mining on Sepolia, forcing developers to create the new Hoodi testnet for additional validation. |
The Pectra upgrade, described as Ethereum's most substantial update in over a year, aims to improve developer experience and user convenience. One key feature is enhanced wallet capabilities, such as smart contract functions allowing users to pay transaction fees with cryptocurrencies other than ETH. |
According to Ethereum Foundation member Nixo Rokish, the Ethereum developers have faced significant challenges and fatigue, particularly within the consensus layer team, due to the unforeseen complications encountered during prior tests. Nevertheless, the successful Hoodi test represents a critical step toward finalizing the upgrade. |
Heightened Ethereum volatility anticipated - Meanwhile, market observers suggest Ethereum's price volatility may sharply increase in the coming weeks. Nick Forster from decentralized options platform Derive highlighted historically low implied volatility levels, which typically precede significant market moves. Derive predicts a potential Ethereum price shift, estimating a 30% chance ETH could drop below $1,800 by May's end and a 19% possibility it surpasses $2,500. |
What's next? - Provided Hoodi's test results remain positive, Ethereum developers expect to roll out the Pectra upgrade to the mainnet around April 25, potentially reshaping Ethereum's usability and market dynamics significantly. |
Bitcoin breaks 3-month downtrend, eyes critical $90K level |
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Key points: |
Bitcoin has successfully broken out of a three-month downtrend, signaling a potential bullish market shift. High Bitcoin exchange outflows and increased institutional interest indicate rising market optimism, though volatility around the $90,000 price remains a significant factor.
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News - Bitcoin (BTC) has notably broken out of a three-month descending price channel, marking what analysts describe as a crucial shift in market sentiment. BTC recently traded below $87,000 after facing renewed selling pressure triggered by the start of the U.S. trading session on March 26, mirroring declines in major U.S. stock indices. |
The recent market movement contrasts with underlying bullish indicators. Over 27,740 BTC (approximately $2.4 billion) were withdrawn from exchanges on March 25, marking the highest daily outflow since July 2024. Significant withdrawals were made by large entities, known as whales, with one whale adding 2,400 BTC worth over $200 million, demonstrating renewed institutional confidence. |
Meanwhile, spot Bitcoin ETFs continue to see consistent inflows, with nearly $897 million entering these investment products over eight consecutive days. This shift underscores a resurgence in institutional demand. |
Options market signals potential volatility - Market observers also anticipate heightened volatility around the critical $90,000 mark. Options market makers are positioned with a substantial "short gamma" exposure at this price level. This positioning requires them to hedge actively, potentially exacerbating price swings as BTC nears $90,000, especially following this Friday's quarterly options expiration. |
What's next? - Analysts emphasize the importance of Bitcoin reclaiming key resistance levels, such as the 20-weekly exponential moving average near $88,682 and the 2025 yearly open at $93,300, to confirm sustained bullish momentum. The current market dynamics suggest upcoming volatility, making these thresholds crucial for traders and investors to monitor. |
Fidelity set to launch stablecoin amid favorable crypto environment |
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Key points: |
Fidelity Investments is nearing the launch of its own U.S. dollar-pegged stablecoin, expanding its digital asset strategy. The move follows Fidelity's recent filing for a blockchain-based money market fund and aligns with anticipated U.S. stablecoin legislation.
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News - Fidelity Investments, the financial giant managing over $5.8 trillion in assets, is reportedly finalizing plans to launch its own stablecoin pegged to the U.S. dollar. This initiative is part of Fidelity's broader effort to deepen its digital asset offerings amid a more crypto-friendly regulatory environment under the Trump administration. |
The stablecoin will be introduced through Fidelity's dedicated cryptocurrency division, Fidelity Digital Assets, and is designed to function as digital cash, complementing the firm's tokenized asset services. Fidelity recently filed paperwork for an "OnChain" share class of its Treasury Digital Fund (FYHXX), an $80 million fund primarily composed of U.S. Treasury securities, with regulatory approval expected by May 30. |
Stablecoin launch amid regulatory optimism - The timing of Fidelity's stablecoin launch coincides with growing anticipation around U.S. stablecoin regulation. The pending GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins) aims to clarify collateralization standards and Anti-Money Laundering compliance for stablecoin issuers, and it may be finalized within the next two months. |
Additionally, Fidelity's recent filing for a Solana-based ETF has been viewed as a "regulatory litmus test" for the U.S. Securities and Exchange Commission (SEC), potentially paving the way for broader regulatory acceptance of diverse crypto-based financial products. |
Fidelity's stablecoin will enter an already competitive market, currently dominated by Tether (USDT) and Circle (USDC), indicating the firm's confidence in increasing institutional and retail demand for compliant digital currency solutions. |
What's next? - Market participants are closely monitoring regulatory developments and Fidelity's stablecoin rollout, both of which could significantly influence the future landscape of digital assets in the United States. |
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More stories from the crypto ecosystem |
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Did you know? |
In April 2024, Hong Kong's Securities and Futures Commission approved the city's first spot Bitcoin and Ether exchange-traded funds (ETFs). This milestone positioned Hong Kong as the first Asian jurisdiction to embrace spot cryptocurrency ETFs, integrating digital assets into traditional financial markets and attracting global institutional investors. The Solana blockchain briefly overtook Ethereum in daily DEX trading volume in March 2024, largely driven by memecoin activity and faster transaction speeds. This spike reflected growing developer and trader interest in Solana's performance and scalability. As of March 2025, Bitcoin mining's energy consumption remains substantial, comparable to that of entire countries like Australia or the Netherlands. This significant energy usage has raised concerns about its environmental impact, prompting discussions on sustainable practices within the cryptocurrency mining industry.
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Top 3 coins of the day |
Shiba Inu (SHIB) |
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Key points: |
At press time, SHIB was trading at $0.00001496, reflecting an 8.09% increase over the last 24 hours. It was one of the top trending memecoins as it approached a breakout level highlighted by technical analysts.
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What you should know: |
SHIB continued its upward climb, registering a strong intraday rally after posting consecutive green candles over the past week. This momentum aligned with rising interest in memecoins, with SHIB at the forefront amid optimism surrounding a potential technical breakout. The recent surge followed growing bullish sentiment as SHIB attempted to breach the key resistance near the $0.00001500 mark—a level many analysts pointed to as pivotal for triggering a broader rally. The MACD line flipped above the signal line, reinforcing a bullish crossover and hinting at strengthening upward momentum. Simultaneously, the Parabolic SAR dots shifted below the price candles, signaling a reversal from the previous downtrend. Volume also spiked during the last two sessions, indicating heightened trader activity and buyer dominance. If SHIB maintains this pace, the next resistance lies near $0.00001680, while the immediate support zone rests at $0.00001350. |
Pepe (PEPE) |
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Key points: |
At press time, PEPE was trading at $0.0000087, reflecting a 9.61% increase over the last 24 hours. It was one of the top gainers and trending cryptocurrencies according to CoinMarketCap.
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What you should know: |
PEPE extended its upward trajectory, buoyed by growing optimism around a possible price breakout. The 9-day Simple Moving Average (SMA) acted as dynamic support, helping maintain the bullish momentum. The Relative Strength Index (RSI) approached the overbought territory near 60, signaling heightened buying interest among traders. Volume also picked up in recent sessions, reinforcing the strength behind PEPE's climb. Market enthusiasm followed speculation that PEPE could soon "remove a zero" from its price—a sentiment echoed in multiple reports highlighting a technical breakthrough. If this momentum holds, the next resistance to watch lies near $0.0000095, while support rests around $0.0000075. Any significant breach above resistance could further validate a sustained bullish phase. |
Mantra (OM) |
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Key points: |
At press time, OM was trading at $6.56, reflecting a 3.99% decline over the last 24 hours. Despite the dip, the CMF remained in positive territory, hinting at sustained capital inflows.
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What you should know: |
OM experienced a minor pullback after a brief recovery phase, with prices slipping below recent highs and approaching the 9-day Simple Moving Average (SMA) at $6.63. This suggested a pause in upward momentum, though the prevailing structure hinted at a consolidation rather than a reversal. The Chaikin Money Flow (CMF) stayed above zero, indicating continued buying interest and institutional participation. This aligns with recent reports highlighting whale accumulation of OM, with large investors betting on its future growth—especially as the project gains traction in the real-world asset (RWA) tokenization space. If OM manages to stay above the $6.30–$6.40 support zone, a fresh push toward $7.00 remains possible. However, a drop below these levels could invite short-term bearish pressure. |
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