Federal Reserve Governor Michelle Bowman has publicly called for the US central bank to implement multiple interest rate cuts before 2025 ends. Michelle’s statement comes amid a monetary policy stalemate between US President Donald Trump and Fed Chairman Jerome Powell. Rate Cuts Will Reduce Labor Market Erosion – Bowman In the past few months, the US Federal Reserve has opted to hold interest rates steady between 4.25% to 4.50% despite opposing calls by Trump and White House personnel for a rate cut. Both parties have continually voiced their arguments with the majority of the Fed’s Federal Open Market Committee (FOMC), targeting to keep inflation down, while the US government pushes for a lower borrowing rate to stimulate the economy. According to a Bloomberg report on August 9, Fed Governor Bowman publicly supports a reduction in interest rates, even advocating for three rate cuts before 2025 runs out. In a speech at the Kansas Bankers Association in Colorado Springs, the US attorney bases this proposal on recent labor market data, which showed an increase in unemployment from 4.1% to 4.2%, as new jobs created were lower-than-expected, 73,000. Bowman is pushing other policy makers in the FOMC committee to join her and Fed Governor Chris Waller , who were the only dissenting votes in the last meeting in July. She advocates beginning interest rate cuts in September and sustaining this dovish stance with additional reductions in October and December. The Fed Governor believes this measure would help avert any “further unnecessary erosion in labor market conditions” while maintaining economic stability, as Trump’s tariff would likely yield no catalyzing effect on inflation. The Fed Governor said: As I gain even greater confidence that tariffs will not present a persistent shock to inflation, I see that upside risks to price stability have diminished; With underlying inflation on a sustained trajectory toward 2%, softness in aggregate demand and signs of fragility in the labor market, I think that we should focus on risks to our employment mandate. Notably, three additional FOMC officials, namely Governor Lisa Cook, San Francisco Fed President Mary Daly, and Minneapolis Fed President Neel Kashkari, have also voiced concerns over the latest jobs data, setting the tone for rising anticipation ahead of the next policy meeting. Catalysts Stack Up For The Next Crypto Surge In addition to a potential rate cut, a historical driver of capital flows into risk assets like crypto, the market is buoyed by regulatory tailwinds and institutional pathways. Recent moves toward digital asset-friendly legislation, such as the GENIUS Act, and initiatives such as the SEC’s crypto project highlight progress under President Trump’s crypto-friendly administration. Meanwhile, industry momentum also rests on the growing promise of altcoin spot ETF approvals with underlying assets such as XRP, Solana, Dogecoin, etc. Together, these factors set the stage for an exciting few months ahead for the crypto industry. At press time, the total cryptocurrency market cap stands at $3.91 trillion, up 1.07% in the past 24 hours.

2025-08-10 17:00

Dogecoin has never really left the headlines since its sensational 100% rally in June-July, which saw the token blast past its long-standing resistance at $0.25952. Now, with a fresh 22% gain in just the past week , fueled by both fundamental and technical momentum, $DOGE looks primed for an even more explosive rally. A key catalyst behind this surge is the recent 5% jump in the odds of a Dogecoin ETF being approved in 2025 , according to prediction platform Polymarket. The odds now stand at 66%. An ETF approval would be a game-changer, opening the doors for mainstream institutional investment and potentially driving massive new demand for $DOGE. Keep reading to discover more reasons the market is on fire for $DOGE right now, what its price chart is signaling, and why getting in early on Maxi Doge ($MAXI) , a $DOGE-inspired meme coin in presale, could be the best way to ride this wave. Key Drivers Powering Dogecoin’s Momentum According to CoinGlass, open interest in Dogecoin futures jumped 13.16% on Saturday (August 9) to $3.82B . Rising open interest means more capital is flowing into $DOGE derivatives, which is a strong sign of growing trader confidence and potential for higher volatility in the token’s favor. Another catalyst is Dogecoin’s upcoming integration with a Zero-Knowledge Proof (ZKP) verification system , a cryptographic method that allows transactions to be verified while keeping sensitive details under wraps. This upgrade will boost privacy, security, and scalability, making $DOGE more attractive for real-world use cases and, therefore, potentially increasing its demand. From a technical analysis standpoint, Dogecoin’s current push, which began in July, stems from a bounce off a major upward-trending support line. The last time $DOGE rebounded from this same trendline, in November 2024, it launched into a 400%+ rally. With the current run-up only about 60% complete based on this pattern, there’s still significant upside potential ahead. Dogecoin’s potential upside notwithstanding, even if it climbs back to its 2024 highs from here, that’d be nearly a 100% gain if you got in now. Of course, those are returns Harvard-trained investment bankers would give a kidney for, but we’re talking about wild meme coins here. So, if you’re looking to give your portfolio a degen twist – and a potentially explosion-worthy edge – consider watching Maxi Doge ($MAXI) , a Dogecoin-inspired meme coin currently in presale. Who Is Maxi Doge? Built on the philosophy of ‘lift, trade, repeat,’ Maxi Doge is a pure meme coin fronted by a fierce, vengeful Shiba Inu mascot. Tired of being ignored at family gatherings, where his distant cousin Dogecoin hogged all the limelight, Maxi hit the gym, lifted heavy, chugged protein shakes, downed caffeine like water, and forged a rock-solid will to surpass Dogecoin as the best meme coin on the planet. Is $MAXI Your Spirit Animal? Buying $MAXI isn’t just an investment it’s a “locked-in” mindset; a lifestyle built on green candles, heavy lifts, and relentless hustle. You can’t be a slacker and a $MAXI holder at the same time. You must be someone who loves gym-bro memes and trades like they’re permanently on 1000x leverage. Why? Because that’s the only way you stand a chance against whales swinging 8-figure positions. Because life’s too short. Because fear is death in crypto. And because you’re a $MAXI holder. Going Viral Is the Game Plan Currently in presale, Maxi Doge ($MAXI) knows exactly what it takes to thrive in the wild world of crypto. Go viral! That’s why the devs have allocated a massive 40% of the total token supply to PR and marketing. Expect holder-only competitions like weekly trading leaderboards and the “Max Ripped, Max Gains” challenges, offering lucrative prizes to reward the most loyal $MAXI holders. In addition to targeting CEX and DEX listings, the team is also gunning for futures listings. This would hand degen $MAXI traders the perfect chance to crank up the leverage and go full beast mode in chasing insane returns. Right now, one $MAXI is priced at just $0.0002515, and the project has already raised over $610K from early investors, despite being one of the newest crypto presales on the market. Want in? Check out $MAXI’s whitepaper , follow the project on X , and join its Telegram channel to pledge your allegiance. Visit the official Maxi Doge website for more information. Disclaimer: Crypto investments are highly risky, courtesy of the market’s unpredictability. None of the above is financial advice, and we urge you to do your own research before investing.

2025-08-10 16:48

A cybercrime group called “ GreedyBear ” has been accused of stealing over $1 million through what researchers say is one of the most wide-reaching crypto theft operations seen in months. Reports from Koi Security reveal the group is running a coordinated campaign that mixes malicious browser extensions, malware, and scam websites — all under one network. Extensions Turned Into Wallet-Stealing Tools Instead of focusing on just one method, GreedyBear has combined several. According to Koi Security researcher Tuval Admoni, the group has deployed more than 650 malicious tools in its latest push. This marks a sharp rise from its earlier “Foxy Wallet” operation in July, which involved 40 Firefox extensions. The group’s tactic, called “Extension Hollowing,” starts with publishing clean-looking Firefox add-ons such as video downloaders or link cleaners. These extensions, released under fresh publisher accounts, collect fake positive reviews to appear trustworthy. Later, they are swapped for malicious versions impersonating wallets like MetaMask, TronLink, Exodus, and Rabby Wallet. Once installed, they grab credentials from input fields and send them to GreedyBear’s control servers. Malware Hidden In Pirated Software Investigators have also tied nearly 500 malicious Windows files to the same group. Many of these belong to well-known malware families such as LummaStealer, ransomware similar to Luca Stealer, and trojans acting as loaders for other harmful programs. Distribution frequently occurs through Russian-language websites that host cracked or “repacked” software. Targeting those seeking free software, the attackers reach far beyond the crypto community. Modular malware was also found by Koi Security, in which operators can add or swap functions without deploying completely new files. Fake Crypto Services Created To Swipe Data Based on reports , in addition to the browser attacks and malware, GreedyBear has established fraudulent websites that fake themselves as genuine cryptocurrency solutions. Some of these are said to offer hardware wallets, and others are fake wallet repair services for devices such as Trezor. Also on offer are fake wallet apps with good-looking designs that trick users into inputting recovery phrases, private keys, and payment information. Unlike standard phishing sites that copy exchange login pages, these scam pages look more like product or support portals. Reports added that some of them remain active and are still collecting sensitive data, while others are on standby for future use. Investigators found that nearly all domains tied to these operations lead back to a single IP address — 185.208.156.66. This server acts as the campaign’s hub, handling stolen credentials, coordinating ransomware activity, and hosting scam sites. Featured image from Unsplash, chart from TradingView

2025-08-10 15:30

El Salvador has passed a new Investment Banking Law allowing private investment banks to hold $BTC and other digital assets on their balance sheets. These firms can now offer crypto services to ‘sophisticated investors’ and even obtain a Digital Asset Service Provider (PSAD) license, which would enable them to operate as full-fledged Bitcoin banks . This could be a historic milestone for the country, opening the door for high-net-worth individuals to access regulated crypto investment opportunities. It’s also set to attract foreign investors from countries with rigid crypto laws, positioning El Salvador as a safe crypto haven. An influx of foreign Bitcoin would boost liquidity and give the nation the financial stability it needs. Read on as we explore how El Salvador is forging strategic international partnerships to cement its position as a global crypto hub. And we’ll also highlight the best crypto to buy now to ride this wave. El Salvador Doubles Down on Bitcoin Leadership El Salvador was quick to turn to crypto in an effort to avert its financial crisis. It became the first country to make Bitcoin legal tender in 2021 , mandating businesses to accept $BTC as a form of payment. Today, it ranks as the sixth-largest Bitcoin holder among nations, with 6,246 $BTC valued at $737M . President Nayib Bukele recently met with Bilal Bin Saqib, Pakistan’s state minister of crypto and blockchain, to discuss how countries under the IMF program can leverage the crypto boom to overcome internal financial challenges. Bolivia has also signed an MOU with El Salvador for crypto policy collaboration to accelerate adoption. Notably, Bolivia lifted its crypto ban in June 2024, allowing banks to deal in both crypto and stablecoins. All in all, El Salvador’s proactive approach proves that governments and institutions worldwide are actively working to normalize crypto, paving the way for mass adoption. For investors, the message is clear: momentum is building fast. If you want to get in before the crowd, here are 3 altcoins positioned to deliver outsized gains in this new era of digital finance. 1. Bitcoin Hyper ($HYPER) – New Bitcoin L2 for Speed, Scalability & Web3 Compatibility Bitcoin Hyper ($HYPER) is naturally the #1 choice for the best altcoins to buy now thanks to its unique mission of turbocharging the Bitcoin ecosystem with Solana-like performance. $HYPER is building a new Layer 2 solution for Bitcoin, which will act like a fast side lane assisting a busy highway, helping the OG blockchain pick up pace and shed some of its high costs. This will be achieved via Solana Virtual Machine (SVM) integration, which will allow developers to build smart contracts and decentralized applications on top of Bitcoin, bringing high speeds, low costs, and full Web3 compatibility. Moreover, a decentralized, non-custodial canonical bridge will enable $HYPER users to convert their native $BTC into Layer 2-compatible $BTC seamlessly. These ‘wrapped’ tokens can then be used to interact with the SVM-powered Web3 environment on Hyper’s Layer 2, including DeFi trading apps, NFT marketplaces, lending and staking protocols, DAO and governance platforms, and gaming dApps. Buying $HYPER now could yield potential gains of up to 2,400% in just the next few months, with the token is predicted to hit $0.32 by the end of 2025, according to our Bitcoin Hyper price prediction . Much of this eye-popping growth potential comes from the fact that $HYPER is currently in presale, meaning prices are at some of their absolute lowest. Right now, one $HYPER is available for just $0.0126, and the project has in total raised over $8.1M in early investor funding so far. Visit Bitcoin Hyper for more information. 2. SUBBD Token ($SUBBD) – Revolutionary AI-Powered Crypto Subscription Platform SUBBD Token ($SUBBD) is the native cryptocurrency of the SUBBD platform, a new crypto-run subscription ecosystem breathing new life into the $85B online content industry. Right now, creators can lose up to 70% of their hard-earned income to platform fees, while receiving little to no real support, let alone access to cutting-edge tech. SUBBD changes that by becoming the first major platform to offer creators modern AI tools, including image, video, voice, and profile generators, designed to help automate content production. Even better? This frees up creators to spend more time engaging with their fans. A true win-win for both sides. Speaking of fans, they can use $SUBBD tokens not only to unlock premium content on the platform but also send personalized content requests and tip their favorite creators. Holding $SUBBD also grants exclusive discounts on content and subscriptions, early access to beta features, and voting rights on key platform decisions, from creator onboarding to determining which features should be prioritized. Best of all, staking $SUBBD unlocks an entirely new tier of exclusive perks, including a fixed 20% APY, access to creator livestreams, daily BTS drops, and in-house content from SUBBD’s top talents. According to our SUBBD Token price prediction , it could reach $0.301 by year-end, delivering a staggering 400% return. The project has already amassed over $977K in presale funding, and here’s how you can buy $SUBBD for just $0.056125 apiece. Visit $SUBBD’s official website for more information. 3. TROLL ($TROLL) – Viral New Meme Coin Poised for Another Breakout TROLL ($TROLL) has been the top trending crypto of the last month, gaining a stupendous 880% during this time , showing just how wild meme coin rallies can be. The best part? It doesn’t look like it’s done yet. The token has just had a very healthy correction, dropping to the all-important 50% Fibonacci level, drawn from the low of $0.13416. Simply put, $TROLL has taken the much-needed breather after last month’s sprint, and according to this trading pattern, it could be well on its way to reclaim – and then even smash past – its all-time highs. It’s currently trading at $0.20953. So, what is $TROLL? Is it a treasury company that just mined a gazillion $BTC? Or cutting-edge technology that can break AI? Nope. It’s just a meme coin. Plain and simple. Based on the rampant internet phenomenon of trolling, which is the act of provoking or mocking others online, often for humorous or satirical effect, $TROLL has a natural hook, something that instantly drew crypto degens toward it. Wrapping Up With El Salvador now allowing private investment banks to hold Bitcoin and offer crypto services to sophisticated investors, it’s a clear sign that the big players are going all-in on $BTC. So, if you want to fully capitalize on this momentum, consider loading up on low-priced, high-upside tokens like $HYPER and $SUBBD , aka projects poised to ride the next big wave in the crypto market. That said, kindly note that none of the above is financial advice. Crypto investments are inherently risky, and you must always do your own research before investing.

2025-08-10 14:48

Eric Trump, the son of US President Donald Trump, taunted bearish traders on X as crypto prices jumped on Friday. He told his nearly 6 million followers that seeing Ethereum shorts “get smoked” put a smile on his face and warned that anyone shorting Bitcoin or Ethereum “will be run over.” At the same time, Bitcoin pushed past $117,000 and Ether climbed back above $4,200. Policy Move Sparks A Fresh Rally According to market reports, a recent executive action signed by President Trump helped spark the move. The order was tied to retirement account rules and stirred talk that 401(k) flows could become more crypto friendly, which pushed funds and traders to rethink bearish bets. Price swings followed quickly, and traders who had bet against the rally found themselves under pressure. It puts a smile on my face to see ETH shorts get smoked today. Stop betting against BTC and ETH – you will be run over. — Eric Trump (@EricTrump) August 8, 2025 Reports have pointed to heavy buying from US spot ETFs and a handful of treasury buyers that are grabbing up Ether. That clearing of supply on exchanges is making it harder for sellers to keep the price down. Ether’s jump above $4,200 was the first time it hit that level since December 2024, and market players said it helped spark a wave of short covering that amplified the gains. Shorts Took The Brunt Based on trading-data summaries, about $208 million of Ethereum positions were liquidated in a 24-hour window, which made up over 56% of nearly $370 million wiped from the futures market during that span. Of the Ether losses, around $184 million came from short positions and $24 million from longs. That flood of forced exits pushed the rebound to be sharper than many expected. Eric Trump’s post added fuel to the social side of the move. He’s been vocal about buying every Ether dip, and his message was one of glee as bears were squeezed. Traders watching the tape said the mix of policy headlines, ETF inflows, and social media heat created the perfect setup for quick, volatile moves. Analysts Offer Wildly Different Paths Analysts are split on how high Ether could go if the momentum holds. Some put a bullish scenario that reaches toward $16,000 by year-end under favorable conditions. Other market voices have sketched even more aggressive paths, with one analyst suggesting a near sevenfold rise toward $25,000 in an extreme case. Those calls sit beside more cautious takes that warn the ride could reverse just as fast. Eric Trump believes those betting against Bitcoin and Ethereum could face heavy losses, adding social heat to a rally driven by policy moves and ETF inflows. Featured image from Pexels, chart from TradingView

2025-08-10 12:30

Ethereum has soared to a multi-year high, touching the $4,330 level — its highest price since November 2021. This milestone not only reinforces ETH’s dominant position in the crypto market but also marks the return of co-founder Vitalik Buterin to billionaire status, with his publicly known wallets now valued above the billion-dollar mark. Since April, Ethereum has delivered a staggering gain of over 200%, outpacing most major cryptocurrencies and reigniting bullish sentiment across the market. Analysts attribute the rally to strong fundamentals, including increasing adoption in decentralized finance (DeFi), the rapid growth of layer-2 scaling solutions, and rising institutional interest. The rally comes amid tightening supply dynamics, with exchange balances dropping to multi-year lows, suggesting that long-term holders and institutional players are accumulating aggressively. On-chain data points to sustained network activity and expanding use cases, adding fuel to the bullish outlook. Many market watchers believe Ethereum is setting up for further gains, potentially challenging its all-time highs in the months ahead. As the ecosystem continues to expand and regulatory clarity improves, ETH appears poised to remain at the center of the next major wave in crypto growth. Buterin’s Holdings Cross $1B As Ethereum Rally Gains Momentum According to blockchain analytics platform Arkham Intelligence, Buterin holds approximately 240,000 ETH, alongside other digital assets such as MOODENG and DINU. At current market prices, his ETH holdings alone are worth around $1 billion, cementing his status as one of the wealthiest figures in crypto — at least on-chain. The surge in ETH’s price comes after a series of volatile moves earlier this year that left some questioning the sustainability of the rally. However, the latest breakout above $4,300 suggests strong underlying momentum. Institutional adoption is playing a crucial role, with public companies like Sharplink Gaming adding Ethereum to their balance sheets as part of their treasury strategy. This marks a notable shift in corporate crypto allocation trends, where ETH is increasingly seen not just as a speculative asset but as a core long-term holding. With on-chain data pointing to robust network activity, the supply-demand dynamics appear favorable for continued gains. As institutions, public companies, and long-term holders continue to accumulate, Ethereum’s bullish narrative remains intact — and Buterin’s billion-dollar stake is now riding the wave. Ethereum Price Analysis: Breakout To Multi-Year Highs Ethereum (ETH) has surged to $4,242, marking its highest level since November 2021 and confirming a major breakout on the weekly chart. The rally, driven by strong bullish momentum, saw ETH climb over 21% in the past week, decisively breaking through the $3,860 resistance level that had capped price advances earlier in the year. The breakout is supported by rising volume, signaling robust buying interest. ETH is now trading well above its 50-, 100-, and 200-week moving averages, which are all sloping upward — a classic sign of a strong uptrend. This alignment suggests that the medium- to long-term trend remains firmly bullish. If momentum continues, the next significant target lies near the $4,800–$4,900 range, aligning with the previous all-time highs. However, after such a steep move, short-term consolidation is possible, with $3,860 now acting as a key support level. A deeper pullback could retest $2,852, but this scenario would likely require a broader market correction. Featured image from Dall-E, chart from TradingView

2025-08-10 11:00

Bo Hines, the Executive Director of the White House Crypto Council, announced on Saturday that he is stepping down from his role to return to the private sector. Appointed in December 2024 by the president to lead the administration’s key crypto advisory group, Hines has played a significant role in shaping the Council’s policy direction over the past eight months. Before joining the Trump administration, Hines worked as a partner at a growth equity firm, bringing a strong investment and strategic background to his position in the White House. While leaving his full-time post, he will remain involved in government as a special employee, collaborating with entrepreneur and investor David Sacks on artificial intelligence initiatives. In his statement, Hines expressed gratitude to the crypto community for its support during his tenure and highlighted the importance of continued dialogue between policymakers and the digital asset industry . His departure marks a notable leadership change in the administration’s crypto policy team, with his deputy, Patrick Witt, expected to assume the role of executive director. Market participants and industry leaders will now be watching closely to see how this transition impacts the White House’s stance on cryptocurrency regulation and innovation in the coming months. Leadership Transition At The White House Crypto Council Hines issued a heartfelt statement marking the end of his tenure. “Serving in President Trump’s administration and working alongside our brilliant AI & Crypto Czar David Sacks as Executive Director of the White House Crypto Council has been the honor of a lifetime,” Hines stated . Hines’ departure comes after nearly eight months of leading the Council, during which he played a central role in advancing policy discussions around blockchain innovation, market structure, and digital asset adoption. His leadership helped foster collaboration between regulators, industry stakeholders, and policymakers, cementing the Council’s influence in shaping the administration’s crypto strategy. According to crypto journalist Eleanor Terret, Patrick Witt — who currently serves as Executive Director of the President’s Council of Advisors for Digital Assets and Acting Director of the Department of Defense Office of Strategic Capital — is expected to succeed Hines in the role. Witt’s appointment would signal continuity in the Council’s direction while potentially introducing new strategic priorities. The leadership transition marks a pivotal moment for US crypto policy. As regulatory frameworks evolve and market adoption accelerates, the incoming leadership will face the challenge of balancing innovation with oversight. Industry participants will be watching closely to see whether Witt continues Hines’ pro-growth stance and maintains the administration’s stated goal of making the United States the global leader in cryptocurrency and blockchain technology. Total Crypto Market Nears All-Time High The total cryptocurrency market cap is showing strong bullish momentum, currently sitting at $3.87 trillion and edging closer to a potential new all-time high (ATH) near the $4 trillion mark. Price action has been consolidating in a tight range just below this key psychological level, suggesting market participants are preparing for a breakout. The chart shows a clear uptrend supported by the 50-day simple moving average (SMA), which continues to act as dynamic support. Both the 100-day and 200-day SMAs are sloping upward, reinforcing the longer-term bullish structure. After a period of sideways trading earlier in the year, the market cap has recovered sharply, with buying volume increasing in recent weeks. A breakout above the current resistance zone would mark a historic milestone for the crypto market, potentially opening the door for an accelerated rally as investor sentiment strengthens. This bullish setup is further fueled by strong performance from Bitcoin, Ethereum, and select altcoins, alongside rising institutional interest and regulatory clarity in major markets. Featured image from Dall-E, chart from TradingView

2025-08-10 08:00

The XRP price has been on a tear over the past few weeks, consolidating its position as the third-largest cryptocurrency by market cap. According to data from CoinGecko, the altcoin is one of the top gainers amongst the large-cap assets, with its value up by double digits in the last seven days. Interestingly, the XRP price seems to only be at the beginning of what looks like an even broader upward trend. This positive setup is even more supported by rapidly improving fundamentals of cryptocurrencies globally, but especially in the United States. Why XRP Surged 630% And 54% In Its Last Two Major Rallies In an August 8 post on X, prominent crypto analyst Ali Martinez painted an exciting bullish picture for the XRP price. According to the online pundit, the latest on-chain indications are that the XRP token is about to embark on an extended bullish rally over the next few months. This positive projection revolves around unique movements of the MVRV (Market Value to Realized Value) Ratio, which assesses whether a cryptocurrency (XRP, in this case) is overvalued or not. Martinez noted that the altcoin could be back on its bullish tracks following a golden cross between the MVRV ratio and its 200-day simple moving average (SMA). Typically, a golden cross refers to a bullish signal in technical analysis where a short-term moving average (MVRV ratio) crosses from below a long-term moving average (200-day moving average). What’s more interesting is the performance of XRP price the last two times this golden cross occurred. According to the latest on-chain data, the last two times the MVRV ratio flashed this golden cross, the price of XRP surged by 630% and 54%, respectively. If history is anything to go by, the reappearance of this signal could open the doors to an extended rally for the third-largest cryptocurrency. There is no question that the improving climate for cryptocurrencies in the United States could provide an enabling environment to sustain a significant bull run for the XRP token. Moreover, the shout of an altcoin season beginning further gives credence to the potential of XRP’s price witnessing exponential growth in the next few months. XRP Price At A Glance As of this writing, the value of XRP stands at around $3.31, with a 0.7% decline in the past 24 hours. This past day’s action is not a strong reflection of the altcoin’s performance on the weekly timeframe. According to data from CoinGecko, the XRP price jumped by more than 10% to reclaim the $3 mark over the past week. Featured image from Pexels, chart from TradingView

2025-08-10 00:30

BlackRock has confirmed that the company is not currently pursuing spot ETFs for Ripple’s XRP or Solana, despite market rumors. While the XRP and SOL communities may be disappointed by the lack of immediate action, the acknowledgment from BlackRock validates their relevance in the broader crypto market. Crypto Bulls Temper Expectations After BlackRock Clarification In a recent update from The Block, BlackRock has clarified that the company currently has no plans to file for spot exchange-traded funds (ETFs) tied to Ripple’s XRP or SOL. This aligns with BlackRock’s cautious approach, as reflected in earlier comments from executives like CEO Larry Fink and CIO Samara Cohen. Both have emphasized their focus on Bitcoin and Ethereum ETFs for now. According to MartyParty, the world’s largest asset manager noted that they are actively exploring assets like SOL and XRP for potential future offerings rather than spot ETFs. However, the industry speculation, fueled by analysts like Nate Geraci, suggests that BlackRock could consider filing for SOL and XRP Ripple spot ETFs by an October 2025 deadline. This potential move is believed to be driven by mounting competitive pressures in the crypto ETF space and recent regulatory developments. These include the SEC’s approval of in-kind creation and redemption mechanisms, which enhance the efficiency of ETF operations. Furthermore, no official filings have been made yet, and any decision to proceed would likely depend on regulatory clarity. Ripple’s Victory Marks Major Milestone For Crypto Industry While the ongoing speculation that BlackRock could consider filing for SOL and XRP, an analyst known as Web3BPP has also revealed that Ripple has officially closed its nearly five-year legal battle with the US Securities and Exchange Commission (SEC). Web3BPP stated that the court has confirmed that XRP sales on secondary markets are not securities transactions. According to the expert, this news has sent the altcoin’s price up by 11% reaching $3.33, capping off a remarkable 31% monthly gain and an impressive nearly 500% increase over the past year. Analysts are now setting their sights on $8 short-term price target for XRP, while some long-term forecasts envision prices soaring as high as $1,000 by 2030, due to their belief that BlackRock could consider filing for a spot XRP ETF by October. A move expected to bring in billions of dollars in fresh institutional capital. The expert also drew attention to Ethereum, which has gained 7% this week, reaching $3,908, driven largely by whale buying and expanding adoption by corporate treasuries. This surge reflects growing confidence in ETH as both a store of value and a strategic asset for businesses. Market experts are bullish on ETH’s future, with many projecting a price target of $5,000 by the end of the year. This rally is expected to be supported by interest in ETH-based ETFs and upcoming network upgrades designed to enhance performance and security.

2025-08-09 23:00