Category: Altcoins

Forex Signals Sept 19: Stocks Hit Records Post FED, While Focus Turns to BoJ Today

Posted on by Skerdian Meta

Markets showed a split reaction to the Fed’s latest move, with bonds and currencies reflecting a hawkish tilt while today we had the Bank of Japan Meeting. Continue reading “Forex Signals Sept 19: Stocks Hit Records Post FED, While Focus Turns to BoJ Today” →

XRP, Dogecoin ETFs Face SEC decision

Posted on by Olumide Adesina

Two new altcoin exchange-traded funds (ETFs) linked to Dogecoin and XRP were scheduled to debut in the US this week.  This move demonstrated that the SEC has recently expanded its tolerance for cryptocurrency investment options.

 

This announcement followed fund issuer REX-Osprey’s announcement that the REX-Osprey XRP ETF would be introduced this week. These new ETFs from the US, which trade under the ticker XRPR, will be the first in history to give investors direct access to the third-largest cryptocurrency by market capitalization.

The U.S. Securities and Exchange Commission (SEC) has approved new listing requirements for trust shares that are based on commodities.

The SEC’s decision, outlined in its filing to simplify the process under Rule 6c-11, specifically impacts stock exchanges such as NYSE Arca, Cboe BZX, and Nasdaq. Importantly, this change has considerably shortened the approval period, which previously took several months.

SEC Chairman Paul Atkins stated that the primary reason for approving these general listing standards was to position the U.S. capital markets as the most favorable globally for the innovative development of digital assets. He emphasized that this approval expands investor options, fosters innovation, and streamlines the listing process by removing barriers to the availability of digital asset products in America’s stable capital markets.

This update coincides with the SEC’s ongoing review of applications for spot ETFs involving cryptocurrencies like Solana, XRP, Litecoin, and Dogecoin. The commission has deadlines beginning in October to decide on these applications. For a crypto spot ETF to be listed, it must be connected to a commodity that either trades on a market associated with the Intermarket Surveillance Group or has access to adequate surveillance.

Additionally, a proposed ETF may qualify for listing if another ETF tracks it with at least 40% exposure.

The SEC also recommends that it be listed on a national securities exchange. If an exchange wishes to list and trade Exchange-Traded Products (ETPs) that do not meet the requirements for approved generic listings, it must submit a rule proposal to the SEC.

According to analysts like James Seyffart, this shift is revolutionary for the crypto industry. Seyffart expressed that he had been eagerly awaiting this type of crypto ETP framework and anticipates a significant increase in cryptocurrency investment schemes in the U.S. following this change.

XRP Rains as Ripple forms alliance with Franklin Templeton

Posted on by Olumide Adesina

Tokenized money market fund trading and lending solutions that utilize Ripple’s XRP ledger and stablecoins, such as Ripple USD (RLUSD), are now accessible to accredited and institutional investors through a partnership among Ripple, DBS Group, and asset manager Franklin Templeton.

XRP’s price surged following the announcement. Additionally, following the Federal Reserve’s interest rate cut on Wednesday, the bullish outlook for cryptocurrencies was reflected in the Ripple token.

This collaboration follows the signing of a memorandum of understanding by DBS, Franklin Templeton, and Ripple to promote the use of tokenized assets on-chain.

Franklin Templeton’s token sgBENJI, representing Franklin Onchain U, will be listed alongside RLUSD on DBS’s digital asset exchange, DDEX. The asset management company’s tokenized money market fund is called the Dollar Short-Term Money Market Fund.

Eligible DBS clients will be able to exchange Ripple’s stablecoin RLUSD for sgBENJI tokens once it is listed on DDEX, providing market access to the yield on their assets.

Nigel Khakoo, VP and Global Head of Trading and Markets at Ripple, stated, “2025 has been marked by several industry-firsts when it comes to traditional financial institutions moving onchain – and the partnership between Ripple, DBS, and Franklin Templeton to enable repo trades for a tokenized money market fund with a regulated, stable, and liquid mode of exchange such as RLUSD is truly a game-changer.” 

Citi Tempers ETH Hype: $4.3K Target Signals Ethereum Pullback

Posted on by Olumide Adesina

Citigroup recently announced that Ethereum (ETH)  could reach $4,300 by the end of 2025. This target reflects a slight decline from the current market value of approximately $4,500, indicating the bank’s cautious yet optimistic approach.

The bank’s forecast is multifaceted. In its base scenario, Ethereum is expected to end the year at $4,300. However, Citigroup also outlined a bull case where Ethereum could soar to $6,400, driven by widespread adoption and increased capital investments. Conversely, their bear case predicts a drop to $2,200, pointing out risks such as decreased network usage and tighter global liquidity.

Citi analysts highlighted that Ether’s value is heavily reliant on network activity. The more Ethereum is used for applications, transactions, and decentralized finance (DeFi), the greater the demand for it. As demand increases, so does the value of ETH, its native token.

Recently, layer-2 scaling solutions, including rollups, sidechains, and off-chain systems, have gained popularity. These platforms can process transactions more quickly and at lower costs before settling them on the main Ethereum blockchain, which helps alleviate congestion. However, Citi notes that not all activity on these layer-2 systems is detrimental to the ecosystem.

Citi estimates that only 30% of layer-2 activity significantly impacts Ethereum’s valuation. Based on this metric, Ether is currently trading above its fair value. The analysts believe that other factors, such as consistent inflows from institutional investors, enthusiasm for tokenization initiatives, and the growing importance of stablecoins on Ethereum’s network, can explain this discrepancy.

The introduction of exchange-traded funds (ETFs) focused on Ethereum has added another layer of complexity. Although ETH ETF flows are still smaller than those for Bitcoin, they have a larger price impact per dollar invested. However, due to Ethereum’s smaller market capitalization and lower recognition among novice cryptocurrency investors, the bank expects that Ether ETFs will attract fewer inflows compared to Bitcoin.

Citi does not see much potential in the macroeconomic environment outside of crypto-specific factors, especially alongside U.S. stocks that are currently trading near the bank’s assessments.

MSTR Stock Starts the Rebound While Strategy Pushes Ahead with BTC Treasury

Posted on by Skerdian Meta

Despite being rejected by the S&P 500 committee, MicroStrategy’s Bitcoin-focused strategy is still in the news because it continues to get institutional support and produce impressive returns.
Continue reading “MSTR Stock Starts the Rebound While Strategy Pushes Ahead with BTC Treasury” →

Pantera Capital: Ripple’s XRP Could Eclipse SWIFT

Posted on by Olumide Adesina

Dan Morehead, the founder of Pantera Capital, recently appeared on CNBC’s Squawk Box to discuss Ripple’s role in global finance.

 

Morehead pointed out the longstanding belief that Ripple is both challenging and potentially replacing SWIFT when he stated, “Ripple’s going after SWIFT.” He suggested that XRP is comparable to other major assets with specific use cases, much like Bitcoin is considered digital gold and Solana is recognized for its performance.

Ripple’s technology offers cross-border payment settlement almost instantly and at a lower cost than SWIFT’s conventional model. Ripple’s solutions have already been investigated or incorporated by financial institutions worldwide to lessen inefficiencies in cross-border transfers.

SWIFT—the Society for Worldwide Interbank Financial Telecommunication—has served as the backbone for international payments. It relies on outdated infrastructure and transaction processing times that can take days to complete despite its broad reach. Brad Garlinghouse, CEO of Ripple, believes that this system is outdated.

BlackRock’s head of digital assets, Robert Mitchnick, a former Ripple executive, previously released research projecting a double-digit target for XRP. Mitchnick joined BlackRock after working at Ripple.

He was a co-author of a research report at the time of his move that examined digital assets and their potential values. Mitchnick’s report modeled both possible success and failure scenarios for XRP, estimating the asset’s future price in double digits.

The report’s low estimate of $6.37, although significantly higher than XRP’s current trading level, was explained by him. The forecast was then summarized into a range of fundamental values..

“The resulting fundamental value range of between $1.59 and $8.23” was reached after giving the success case a 25 percent chance, while the failure case assumed that XRP would have no value.

Although BlackRock has not yet applied for an XRP exchange-traded fund (ETF), the company has significantly expanded its presence in the cryptocurrency market.

Forex Signals Sept 15: Will the FED Sink Stock Markets and Gold or Fuel the Rally Further?

Posted on by Skerdian Meta

Investors face one of the busiest weeks of September as central bank announcements, particularly the FED, are set to shape global market sentiment. Continue reading “Forex Signals Sept 15: Will the FED Sink Stock Markets and Gold or Fuel the Rally Further?” →

Galaxy Digital Boosts Solana Holdings from Coinbase, Binance

Posted on by Olumide Adesina

Galaxy Digital appears to have bought $300 million worth of Solana through centralized cryptocurrency exchanges in the last day. In 13 transactions over the past day, Galaxy purchased 1.24 million SOL from Binance, Coinbase, and Bybit, according to data from Arkham Intelligence.

Galaxy has been steadily acquiring large amounts of Solana from exchanges. Over the past five days, the company has bought about 6.5 million SOL, or $1.57 billion at current market prices, according to a report released on Sunday by the on-chain analytics platform Lookonchain.

Arkham’s data shows that Galaxy transferred millions of SOL to different addresses during this period, mainly to custody wallets on Fireblocks.

The Nasdaq-listed Solana digital asset treasury company Forward Industries (FORD) saw a $1.65 billion private placement last week, led by Galaxy, Jump Crypto, and Multicoin Capital. The three firms collectively subscribed for over $300 million as the private placement closed on Thursday.

Galaxy and the other two companies announced they will provide Forward Industries with financial and strategic support, aiming to make the Solana treasury strategy the top publicly traded institutional player in the Solana ecosystem.

It’s unclear whether the link Lookonchain made between Forward Industries and Galaxy’s Solana acquisition can be independently verified.
Galaxy CEO Mike Novogratz said the cryptocurrency market is about to witness a “season of Solana,” citing strong market momentum and positive regulatory signals..