Category: Altcoins

Forex Signals April 30: USD GDP and Inflation on Top of MSFT and Meta Earnings

Posted on by Skerdian Meta

Today we have the US GDP and PCE inflation data, which will be followed by Microsoft, Meta, Qualcomm and Robinhood earnings. Continue reading “Forex Signals April 30: USD GDP and Inflation on Top of MSFT and Meta Earnings” →

SEC delays in XRP ETFs’ approval increases investors anxiety

Posted on by Olumide Adesina

The SEC has delayed XRP ETFs’ approval, intensifying the challenges digital assets face in the U.S. market.

Such delays inhibit institutional investment in cryptocurrencies, highlighting that even highly popular assets like XRP are under considerable scrutiny.

Once again, the U.S. Securities and Exchange Commission (SEC) has captured public attention by postponing the deadline for review on Franklin Templeton’s XRP ETF.

This permit decision, noted in the latest SEC files, obscures the reality that the SEC is overly cautious about crypto development.

The deadline has been moved to June, prolonging the uneasy wait for investors concerning regulatory decision-making.

The SEC’s recent postponement of deadlines indicates regulatory capture of digital assets but may also reflect unchanging socioeconomic attitudes.

The causes for the sharp slowdown of mid-term optimistic expectations for ETF growth in altcoins were the focus of SEC suspicion. After all, Bitcoin and Ethereum are increasingly common features that anchor the crypto world.

However, these expectations stem from the demand generated by institutions in contrast to the diminishing interest shown by many asset managers examining cryptocurrency ETFs. On the other hand, there is relatively lower interest in altcoins compared to flagship currencies.

Eric Balchunas and other market experts stress that although ETFs may improve market accessibility, it won’t guarantee investor enthusiasm. According to Balchunas, “having your coin ETF-ized is like being in a band and having your songs added to all the music streaming services.”

This example shows that while visibility rises, real demand may differ greatly. As a result, stakeholders need to be aware of the changing regulatory environment when planning their market positions

Forex Signals April 29: Coca-Cola, PayPal, Starbucks and Visa Earnings Today

Posted on by Skerdian Meta

Today the earnings calendar continues, with some big names in retail such as Coca-Cola and Starbucks, as well as Visa. Continue reading “Forex Signals April 29: Coca-Cola, PayPal, Starbucks and Visa Earnings Today” →

Michael Saylor’s Strategy holds 553,555 BTC

Posted on by Olumide Adesina

Michael Saylor’s Strategy keeps accumulating sizable portions. Saylor stated that the firm he cofounded purchased 15,355 BTC for $1.42 billion.

Considering that the company averaged $92,737 for each bitcoin, it is reasonable to assume that the purchase was completed towards the end of the previous business week when the cryptocurrency was trading around those levels.

Strategy has expanded its stash to 553,555 BTC worth $38 billion.

The Lookonchain data showed that the unrealized profit is worth $15 billion.

More than 25,000 tokens would have been purchased in April. This accumulation is lower than in March (29,000 tokens) and February (28,000). Nonetheless, April would have enabled the acquisition of more BTC than January (23,600 coins).

BlackRock and Strategy now have the most Bitcoin, but they will probably grow even more shortly.

Michael Saylor’s company recently revealed plans to issue shares worth $1 billion

In the case of Bitcoin Cash ETFs offered by BlackRock and its competitors, these companies do not own the bitcoins included in the exchange-traded funds; instead, the investors in the ETFs are the actual owners.

If these ETF issuers behave unethically or misuse their authority, holders can withdraw and seek alternative opportunities. Capital inflows into BlackRock’s iShares Bitcoin Trust ETF increased by $1.5 billion last week.

XRP Spot ETF Remains a Dream in U.S.A

Posted on by Olumide Adesina

ProShares’ new Futures ETF has indeed been approved in the world’s largest economy, but a spot ETF is still something different:

The SEC gave the green light to ProShares Trust’s multiple XRP futures ETFs.

 

Everyone is waiting for the approval of spot ETFs, which takes longer than expected. Meanwhile, in Brazil, the first XRP spot ETF was launched on the B3 stock exchange this past Friday.

“In the USA. Recently sanctioned were the ProShares UltraShort XRP ETF, ProShares Ultra XRP ETF, and ProShares Short XRP ETF. These three new products trading strategies aim to yield leveraged returns on their XRP futures price.”

The XRP/USDT daily price chart indicates severe resistance near the $2.5 range, corresponding to a 50% Fibonacci retracement of the move from the $3.4 high to the $1.6 low. It is testing this resistance.

If XRP manages to surpass the daily candlestick close above $2, there is a chance it will face resistance at $2.72.

Ripple has shifted its focus to growth instead of going public. During an interview with CNBC, President Monica Long stated that the blockchain firm does not have plans for an IPO in the near term due to strong liquidity and a focus on acquisitions.

Ripple is now concentrating on expansion. According to President Monica Long, the blockchain company has no immediate intentions for an IPO because of its high liquidity and emphasis on acquisitions as development avenues.

The San Francisco-based blockchain company, which has a healthy cash position, does not believe it is urgently necessary.

“At this time, we have a lot of liquidity, so we have billions of dollars of cash on the balance sheet,” Long said in her interview.

Ripple is leaning toward an acquisition-driven strategy with billions of dollars in capital reserves. Long has underlined that the company is actively growing through strategic investments.

 

Forex Signals April 28: AMZN, AAPL, MSFT, META, CVX Earnings to Shake Markets

Posted on by Skerdian Meta

This will be an earnings week, with major companies with as Apple, Amazon, McDonald’s etc. releasing their financial tables ahead. Continue reading “Forex Signals April 28: AMZN, AAPL, MSFT, META, CVX Earnings to Shake Markets” →

XRP Set to Run Faster Than Light with ProShares XRP ETF

Posted on by Olumide Adesina

The U.S. could go live with ProShares’s XRP ETF with 2X leverage based on futures it plans to release this week. Earlier last month, ProShares claimed it would set the deadline for launching the product around the 30th of April.

 

 

The company did not face formal opposition from the SEC during the review period, so it was most likely cleared to proceed with the launch on the mentioned date.

As noted in the filing, the ETFs will take effect unless the regulatory body states otherwise, meaning they have not received the same endorsement as spot products from the SEC. A stipulation cornered proposed rule for ETFs is the lack of immediate effectiveness based on the filing choice. The filer is actively choosing April 30, 2025, as the preselected date.

XRP has traded above its 200-day Exponential Moving Average on a $2 support line. Additionally, XRP rallied over 8% and closed above the daily resistance at $2.23 on Sunday. Now(on Monday), the currency is hovering around $2.24.

Should Ripple continue with the uptrend, the bullish trend will be extended to retest the March 24 high of $2.50 before moving up to $3.00.

The RSI indicates bullish momentum above the neutrality mark of 50.

Asset manager Hashdex revealed that they would launch XRPH11, or what they claimed to be “the world’s first XRP ETF.” This ETF, which is registered in Brazil, is expected to strengthen the crypto investment domain in the country while also helping Hashdex propel the industry forward.

The company duo went on explaining the pros of the ETF for the exchange, claiming that:

“Hashdex is enabling compliant and regulated investment into one of the leading digital assets on the XRPH11 ETF, designed for fast and cost-effective international transactions.”

Brazil has now become the country with the most ETFs launched by Hashdex, given this was the ninth for XT and 33 worldwide. Furthermore, these changes are meant to increase the level at which investment in compliant crypto ventures is available to users in countries where rules are.

The company also underlined its ongoing goal to change the investment landscape:

“Our goal at Hashdex is still to democratize cryptocurrency investing by providing regulated, safe, and easily accessible solutions.
This approach upholds investor protections and regulatory control while promoting a larger trend toward crypto-integration into conventional financial systems.”

Weekly XRP Price Prediction: Can a US XRP ETF Push Ripple to $5 on Wednesday?

Posted on by Skerdian Meta

Ripple’s decline has come to an end, which should lead to a confident breakout in the XRP price, especially if a US XRP ETF comes on Wednesday. Continue reading “Weekly XRP Price Prediction: Can a US XRP ETF Push Ripple to $5 on Wednesday?” →

BlackRock: China might dump U.S. Treasuries for Bitcoin, Gold

Posted on by Olumide Adesina

BlackRock’s director of thematic and active ETFs, Jay Jacobs, pointed out that the diversification strategies employed by central banks in various nations are accelerating due to ongoing geopolitical conflicts and widespread uncertainty.

He emphasized the continuous development of a trend where countries shift from holding reserves in US dollars to gold and bitcoin.

Jacobs from BlackRock noted that Western Europe and North America have frozen $300 billion of Russian central bank assets. He argues that such situations have prompted China and other nations to reconsider their strategies.

Jacobs highlighted that after multipolarity, the key element worldwide that will focus on in the coming decades stems from BlackRock’s analysis: geopolitical fragmentation.

“We’ve identified geopolitical fragmentation as a key force that will be a global driver over the next few decades,” he remarked.

He added that bitcoin is increasingly seen as a safe investment alongside gold, while this scenario also boosts the demand for more volatile stock market assets.

“And it’s all because people look for assets with independent market behavior. We’ve seen significant inflows into gold ETFs, and we’ve seen significant inflows into bitcoin. Also, Jacobs explained,” he noted. Jacobs observed that recent global fragmentation has intensified the need for alternative saving methods.

“This whole diversification away from traditional assets towards gold and cryptocurrencies [… started three to four years ago,” he said.

Hashdex introduced XRP ETF  in Brazil, Boost Ripple’s Adoption

Posted on by Olumide Adesina

Investments in cryptocurrency are getting easier in Brazil, as an XRP ETF was recently launched.  Hashdex introduced XRP ETF  in Brazil, Securing Regulated XRP Access for Investors. This will help further adopt XRP globally.

 

XRP ETF Launches in Brazil, Securing Regulated XRP Access for Investors

The Brazilian crypto market has taken another big step forward. Asset manager Hashdex revealed that they would launch XRPH11, or what they claimed to be “the world’s first XRP ETF.” This ETF, which is registered in Brazil, is expected to strengthen the crypto investment domain in the country while also helping Hashdex propel the industry forward.

The company duo went on explaining the pros of the ETF for the exchange, claiming that:

“Hashdex is enabling compliant and regulated investment into one of the leading digital assets on the XRPH11 ETF, designed for fast and cost-effective international transactions.”

Brazil has now become the country with the most ETFs launched by Hashdex, given this was the ninth for XT and 33 worldwide. Furthermore, these changes are meant to increase the level at which investment in compliant crypto ventures is available to users in countries where rules are.

The company also underlined its ongoing goal to change the investment landscape:

“Our goal at Hashdex is still to democratize cryptocurrency investing by providing regulated, safe, and easily accessible solutions.
This approach upholds investor protections and regulatory control while promoting a larger trend toward crypto-integration into conventional financial systems.”