Coinbase Unveils Bold Tokenization Plan: Coin Stock Soars 15%, Targets $350 Again

Posted on June 18, 2025June 18, 2025 by Skerdian Meta

Coinbase shares soared after the crypto exchange revealed plans to expand into tokenized equity markets, marking a bold move toward bridging traditional finance and blockchain innovation. Continue reading “Coinbase Unveils Bold Tokenization Plan: Coin Stock Soars 15%, Targets $350 Again” →

SEC Opens Public Review For SOL, XRP ETF

Posted on June 18, 2025 by Olumide Adesina

The U.S Securities and Exchange Commission opened a public review for Franklin Templeton’s XRP and Solana ETFs, which might be listed on the Chicago Board Options Exchange.

The SEC announced in separate filings on Tuesday that it was initiating procedures that might allow the US exchange to list and trade shares of the Franklin Solana ETF and the Franklin XRP ETF.

The SEC postponed its decision until Tuesday after the Cboe BZX Exchange submitted a proposed rule change to the agency in March to facilitate the approval of these investment vehicles.

“The Commission has not reached any conclusions concerning any of the issues involved,” the SEC stated in both filings, referring to the initiation of proceedings.

The financial regulator invites feedback on the proposed rule change.

The SEC’s notices will effectively extend the review period for the Franklin Templeton ETFs by 35 days, until July.

Several businesses in the crypto industry are competing to be the first to approve tokens like XRP, although the US regulator has already approved spot investment vehicles for Bitcoin.

Many asset managers have already submitted applications to the SEC to list and trade investment vehicles that provide exposure to SOL or XRP, such as Bitwise, ProShares, and 21Shares. The Trump administration and Paul Atkins, the president’s nominee to chair the SEC, have significantly altered the agency’s regulatory approach to digital assets by suspending several high-profile enforcement actions against cryptocurrency companies.

Fartcoin Fights to Keep $1 Mark After Crash

Posted on June 18, 2025 by Olumide Adesina

Fartcoin’s crash in the past week added a bearish outlook on the meme token. Several technical indicators show a clear bearish turn in momentum.

The momentum indicator points to a dramatic increase in bearish momentum as the RSI at 45 falls below the midpoint and the MACD approaches crossing below its signal line.

The token is currently struggling to stay above $1. If it falls below the psychological support level of $1, the immediate support is at $0.92, which aligns with the low on May 7. Some traders choose to stay out of the market, while others view the current decline as a unique opportunity to purchase.

Though recent losses have positioned Fartcoin among the day’s top losers, savvy investors are still entering the market, and the fuel for its rise may just be beginning as technical indicators turn bullish and rumors about Binance circulate.

The Solana meme token has lost nearly a fifth of its value, indicating a significant shift in momentum.

The recent pullback has put technical pressure on the price, and chart indicators point to a potential trend reversal. The EMA lines in the meme token almost form the death cross, a bearish signal which precedes protracted downtrends.

Future gains are being solidified by a bullish MACD crossover, rising open interest, and a recovery from the psychological $0.7 level, where whale activity peaked. Nowadays, many traders view that level as a starting point for a breakout or a quick shakeout.

The number of active wallet addresses has surged since the listing, with an increase in momentum and trading volume. Real capital inflows and meme coin enthusiasm combine to maintain high social sentiment. However, some hesitation remains

Ripple: SEC appeal delays, Iran-Israel Conflict Burns XRP

Posted on June 18, 2025June 18, 2025 by Olumide Adesina

XRP has fallen 5% over the last three days, indicating a downward trend for the remittance token. The token is currently valued at less than $2, with SEC delays and conflict in the Middle East weighing on the asset.

Geopolitical uncertainty weighed on the digital asset after President Donald Trump demanded Iran’s “unconditional surrender” on Tuesday, as the sixth day of the Iran-Israel air war began.

According to three officials, the US military is increasing the number of fighter planes sent to the area to strengthen its forces.

The bearish configuration of the digital asset’s Exponential Moving Averages (EMAs) suggests downward momentum remains, as the short-term lines are positioned below the long-term ones.

If XRP can initiate an upward trajectory and break through the crucial resistance level at $2.25, the next target of $2.3 may become attainable.

The Securities and Exchange Commission (SEC) recently filed a status report in the Ripple v. SEC case, requesting the appeals court to hold the appeals. An earlier order to hold appeals preceded the filing of the status report following a settlement between the parties in the XRP lawsuit.

Attorney James K. Filan disclosed that the SEC had asked the US Court of Appeals for the Second Circuit to pause appeals, given the district court’s ongoing motion for an indicative ruling.

The long-running lawsuit will now face further delay from the SEC’s filing of a second status report in the 2 nd Circuit by August 15. Attorneys expect to hear from Judge Analisa Torres regarding the parties’ request to lift the injunction and reduce the fine to $50 million.

Ripple and the SEC extended their indicative ruling on June 12 to lift the injunction in the Final Judgment and release $50 million from the $125 million civil penalty imposed in the case.

The SEC’s changing position on crypto assets, settlement agreements, and the desire to prevent additional litigation are all grounds for amending a final judgment under Rule 60.

Legal expert Sherrie stated that Judge Torres’s response to the new Indicative Ruling under Rule 60 will influence how swiftly the XRP lawsuit is resolved. ” We might hear back next week, or we might hear back this Thursday,” she continued.

U.S Senate Seals Stablecoin Regulation

Posted on June 18, 2025June 18, 2025 by Olumide Adesina

The Senate passed a bill creating the first federal framework for dollar-backed cryptocurrencies, called stablecoins.

Although the GENIUS Act’s passage in the upper chamber by a vote of 68-30 doesn’t immediately make the new legislation law, it still requires approval from the House and President Trump.

The cryptocurrency community is already applauding the bill’s swift progress as a significant step.

Trump is increasing his financial stake in stablecoins. World Liberty Financial, a new cryptocurrency company supported by President Trump and his sons, has launched its US-dollar-pegged stablecoin in collaboration with BitGo.

Traditional businesses, from large lenders to mega-retailers, are debating whether to issue their coins. If the legislation passes the House, it is expected to unleash a wave of new stablecoin entrants.

Bank of America (BAC) CEO Brian Moynihan stated at a Morgan Stanley conference last week, “We’re working with the industry, working individually.”

Bank of America and other major banks met earlier this month to discuss possibly starting a cooperative stablecoin network. Last week, the Wall Street Journal also revealed that Walmart (WMT) and Amazon (AMZN) are exploring stablecoin opportunities.

The traditional payment system may be eclipsed by this new wave of competition, especially if businesses attempt to bypass established card-based networks like Visa (V) and Mastercard

Forex Signals Brief June 16: BOJ, Fed, BOE, SNB Meet, but Eyes on Middle East

Posted on June 16, 2025June 15, 2025 by Skerdian Meta

This week’s forex calendar is packed with critical central bank decisions and inflation reports, but ongoing tensions in the Middle East will continue to overshadow fundamentals in the short term. Continue reading “Forex Signals Brief June 16: BOJ, Fed, BOE, SNB Meet, but Eyes on Middle East” →

Ripple: XRP Faces Blood Bath

Posted on June 16, 2025 by Olumide Adesina

Several factors have contributed to XRP’s tepid momentum, creating persistent selling pressure this month. Among the main motivators are technical breakdown patterns; XRP confirmed a bearish head-and-shoulders formation that predicts additional declines toward $2.

The token has struggled to maintain momentum above the crucial $2.2 support level, resulting in numerous rejections and declining buyer confidence. If its 50-day EMA rejects it, XRP may continue to fall and retest its next daily support level at $1.96.

A strong bearish momentum is evident on the daily chart, with the RSI at 45, below its neutral level and trending downward. Additionally, the MACD indicator on the daily chart has displayed a bearish crossover, signaling a sell-off and a downward trend.

Reputable financial institutions such as Standard Chartered provide the most reliable predictions, projecting that XRP might likely reach $5.50 by the end of 2025, mainly due to expected ETF approvals and increased interest.XRP may soon challenge its all-time high resistance level of $3.4 if investor confidence gains momentum.

Factors such as Judge Torres’ decision, the SEC’s appeal strategies, and ETF-related news will influence XRP’s short-term prospects. A breakout above $2.2 might indicate a move towards the 50-day EMA.

A sustained move through the 50-day EMA could lead to $2.5 and the high of $2.68 on May 12. However, if the 200-day EMA declines, the bears might target sub-$2 and the $1.9 support level.

XRP Price Prediction: Traders Follow Today’s SEC Deadline – Will Ripple Be Set Free?

Posted on June 15, 2025June 17, 2025 by Skerdian Meta

Ripple maintains its stability above significant support as institutional demand for XRP rises and the high-stakes legal battle between Ripple and the SEC approaches a pivotal decision point that might alter the token’s future. Continue reading “XRP Price Prediction: Traders Follow Today’s SEC Deadline – Will Ripple Be Set Free?” →

Forex Signals Brief June 13: UoM Inflation Expectations in Focus After Soft CPI and PPI

Posted on June 13, 2025June 12, 2025 by Skerdian Meta

Investors are closely watching the upcoming University of Michigan consumer sentiment report, as inflation expectations remain a critical gauge amid recent mixed inflation data. Continue reading “Forex Signals Brief June 13: UoM Inflation Expectations in Focus After Soft CPI and PPI” →

ETH: Ethereum drowns below $2,500 Mark

Posted on June 13, 2025June 13, 2025 by Olumide Adesina

Ethereum experienced a significant drop, plunging more than 9% below $2,500 in the last day. The gains made by the second-largest cryptocurrency following the rally were reduced to $2,860. According to Defense Minister Israel Katz, the meltdown follows Israel’s alleged “preemptive strike” against Iran.

Katz stated that retaliatory attacks against Israel are anticipated. Over the past day, the cryptocurrency market has witnessed a liquidation of over $1 billion, with a staggering $947 million in longs being wiped out. Whale activity has decreased for the seventh consecutive day, which could indicate that institutional confidence is waning.

The next move could determine the short-term market direction since the altcoin breached the critical support level

Santiment data highlighted that the number of Ethereum whales, or wallets containing 1,000–10,000 ETH, has consistently declined to 5,378 from 5,427 just 10 days ago and 5,400 three days ago. Major holders may be cautious, as evidenced by the seven days of decline despite Ethereum futures open interest recently reaching an all-time high,

Consistent decreases in the number of these whales usually imply either profit-taking, risk aversion, or a drop in confidence in short-term price action. These whales are often used to gauge the sentiment of institutional or high-net-worth investors.