Category: Crypto market

Cathie Wood’s Bold Bet: ARK Invest Loads Up on BitMine Amid $11 Billion ETH Treasury Surge

Posted on by Olumide Adesina

ARK Invest has expanded its cryptocurrency holdings by acquiring $5.8 million in shares of BitMine Immersion Technologies and $2.9 million in shares across several ETFs, indicating ongoing confidence in digital asset infrastructure.

The ARK Fintech Innovation ETF purchased 18,089 BitMine shares, contributing to a total investment of $6 million, with additional funds that acquired over 151,000 shares.

 

ARK’s ETFs also purchased 75,515 shares of Bullish for $2.91 million despite a 6.19 percent decline in BitMine’s stock price. This activity follows ARK’s recent $46 million investment in Circle shares, demonstrating a comprehensive approach to cryptocurrency-related stocks, particularly given BitMine’s Ether treasury, which exceeds $11 billion.

ARK Invest has been actively increasing its positions in stocks connected to cryptocurrencies, with total investments in key holdings surpassing $50 million. Daily trade disclosures from the company reveal a pattern of buying during price dips. For instance, when Circle’s stock price fell below $90, ARK purchased 542,269 Circle shares over two days, totaling $46 million.

Experts believe that ARK’s long-term optimism about blockchain technologies is reflected in these strategies, with Cathie Wood emphasizing the revolutionary potential of digital assets in financial innovation. These purchases align with broader market trends; data from ARK’s filings indicate an increase in institutional interest in crypto-linked stocks despite short-term volatility.

BitMine’s transition from mining to holding over 3.5 million Ether, valued at more than $11 billion, enhances its stability and growth prospects, similar to tactics employed by prominent players in the industry. Building on this momentum, ARK purchased 242,347 BitMine shares for $8.9 million the day before, when the stock price fell below $37. These transactions increased exposure while distributing risk across ARKF, ARKW, and ARKK.

Market observers, including those from Bloomberg, note that ARK’s strategy contrasts with broader tech stock sell-offs, evidenced by its recent $30 million divestiture of Tesla shares to reallocate towards cryptocurrency ventures. Both BitMine and Bullish, which closed at $34.40 and $38.48, respectively, faced pressure with declines of nearly 6 percent and 6.19 percent at the time of purchase. However, slight increases in after-hours trading suggest strong investor sentiment.

Ripple’s Post-Swell Alert: XRP Holders Beware – Is Your Wallet at Risk of Total Wipeout?

Posted on by Olumide Adesina

Leading financial stakeholders from around the world attended the Ripple Swell conference earlier this month, which was a huge success.

A historic $500 million funding deal involving prominent organizations like Pantera Capital, Brevan Howard, Fortress Investment Group, and Marshall Wace was announced during the event, raising the company’s valuation to $40 billion.

Nevertheless, con artists were working behind the scenes to take advantage of gullible investors while Ripple hosted one of the most significant events in the cryptocurrency industry

XRP Eyes $5 Target Soon as Institutional Access Expands

Ripple confirmed that it observed this malicious activity both during and after the Swell incident. Specifically, the company highlighted that it encountered many fake YouTube live streams during and after Ripple Swell. Scammers often exploit major events or developments involving Ripple, as is widely known.

They generally set up impersonation livestreams during these times.
Several major moments in Ripple’s history, such as the company’s partial court victory over the US SEC, have been associated with this malicious activity.

Ripple urges its community to avoid falling for such schemes, emphasizing that all XRP “giveaways” are scams.

The company reiterated in its latest announcement that it will never ask users for XRP in connection with promotions, giveaways, or special events such as the Swell conference.

Several executives at Ripple have publicly denounced these fake giveaway schemes as outright scams, and the company has consistently issued similar warnings on its official X account.

Ripple cautioned users about the rise of fake YouTube livestreams impersonating Ripple executives, which encouraged viewers to participate in supposed giveaways by sending XRP to a designated address. Earlier this month, RippleX, the division focused on the XRPL, also warned about deepfake scams targeting unsuspecting community members.

Forex Signals Nov 14: MUFG Mitsubishi, Spire, QUBT, And ABTC Earnings Preview Today

Posted on by Skerdian Meta

A diverse array of earnings reports from MUFG, Spire, Quantum Computing Inc., and American Bitcoin Corp. will offer fresh insights into utility demand, financial stability, progress in quantum technology, and the efficacy of cryptocurrency mining. Continue reading “Forex Signals Nov 14: MUFG Mitsubishi, Spire, QUBT, And ABTC Earnings Preview Today” →

XRP Crashes falls faster than gravity. despite XRPC ETF’s $245M Inflow Frenzy: What’s Driving the Sell-Off?

Posted on by Olumide Adesina

XRP faced significant pressure on Friday, reaching its lowest point since November 10 after experiencing four consecutive days of decline. Despite the launch of the first spot XRP ETF, the sell-off continued unabated. The price of XRP has dropped nearly 40% from its peak this year and remains entrenched in a deep bear market.

XRP Finds Its Footing as ETF Buzz and Fed Support Lift Market Confidence

This decline coincided with the Securities and Exchange Commission’s (SEC) approval of the Canary XRP ETF (XRPC), which had a successful debut with first-day trading volume exceeding $58 million.

Additionally, Wall Street’s interest in the fourth-largest cryptocurrency has attracted substantial investments, and many more XRP ETFs are expected to be launched on the DTCC platform in the coming weeks. This includes offerings from firms such as 21Shares, Franklin Templeton, Invesco, and Bitwise.

Several factors have contributed to the volatility in XRP’s price. The recent downturn reflects a broader crash in the cryptocurrency market, significant declines for Bitcoin, and most altcoins. In the last day, Ethereum dropped 10% to $3,125, while Bitcoin’s price fell to $97,200. Other popular tokens, including Cardano (ADA), Dogecoin (DOGE), Solana (SOL), and Binance Coin (BNB), have also suffered.

Overall, investors have lost more than $1 trillion this year as the total market capitalization of all cryptocurrencies declined by more than 5.4% in the past day,  down to $3.26 trillion.

This atmosphere of fear is affecting XRP’s price as well. Data shows that the Crypto Fear and Greed Index has fallen to the fear zone at 22 points. Additionally, the futures market reflects this fearful sentiment, with XRP’s open interest in futures contracts dropping from over $10 billion earlier this year to $3.65 billion. This decline suggests that investors are using less leverage when wagering on the coin.

Forex Signals Nov 13: Disney, JD.com, TMC Earnings Preview Today

Posted on by Skerdian Meta

As investors focus on earnings releases from The Walt Disney Company, JD.com, and TMC the Metals Company, which might affect sentiment across international markets, a hectic session is in store.
Continue reading “Forex Signals Nov 13: Disney, JD.com, TMC Earnings Preview Today” →

Canary’s Ripple ETF Hits Nasdaq as XRPC Today, Poised to Double Solana’s ETF Boom

Posted on by Olumide Adesina

The Canary XRP ETF is expected to go live on Nasdaq under the ticker symbol XRPC on November 13. It is anticipated that the XRP ETF could potentially double the gains Solana achieved in its first week.

XRP Eyes $5 Target Soon as Institutional Access Expands

Nasdaq has confirmed the official listing notice for the Canary XRP ETF. Trading is scheduled to start on November 13, 2025, under the ticker symbol XRPC. As the first spot XRP exchange-traded fund in the US, the announcement represents a turning point for XRP. Canary Capital’s Form 8-A filing was automatically approved by the SEC on November 10. The official listing notice was issued by Nasdaq, according to Eric Balchunas, senior ETF analyst at Bloomberg.

The Nasdaq Global Market will list the ETF with a 0.50 percent management fee.

The comparison to Solana is especially pertinent now that spot Solana ETFs made an outstanding debut in late October. In its first week of trading, Bitwise’s Solana Staking ETF [BSOL] brought in $531 million in net assets. It was introduced on October 28

The fund experienced positive inflows for seven consecutive trading days after opening with approximately $70 million in initial investments. During its launch week, the BSOL ETF outperformed rival cryptocurrency ETFs, with the Bitwise product alone attracting $199 million in new funding. This success occurred despite significant market volatility that led to withdrawals from Bitcoin and Ethereum ETFs during the same period.

The Canary XRP ETF will be based on the XRP-USD CCIXber Reference Rate Index. Custody is managed by Gemini Trust Company and BitGo Trust Company, while Bancorp Fund Services serves as the administrator and transfer agent. Experts view this approval as a significant victory for Ripple after years of legal challenges. The launch marks a new beginning.

 

BlackRock Makes Bold Case for Ripple’s XRP Trillion-Dollar Future

Posted on by Olumide Adesina

Maxwell Stein, Director of Digital Assets at BlackRock, delivered a keynote at Swell 2025 that electrified the audience and sparked a lot of conversation on X (formerly Twitter). Stein stated that the global financial market is “ready for large-scale blockchain adoption” and credited early adopters like Ripple for demonstrating blockchain’s practicality beyond theory.

 

“The infrastructure being built by companies like Ripple could soon enable the transfer of trillions of dollars on-chain,” he remarked. It started with the tokenization of fixed income, bonds, and stablecoins. However, trillions of dollars in capital flow through these channels.

“This validation positions the XRP Ledger (XRPL) as a scalable ‘rail’ for asset tokenization and high-volume, low-cost cross-border payments—two key use cases Ripple has supported since 2012.” Stein’s comments align with BlackRock’s broader blockchain efforts, including projects like their tokenized money market fund (BUIDL).

Robbie Mitchnick, Head of Digital Assets at BlackRock, recently made a notable statement emphasizing the importance of caution when trading cryptocurrencies.

Mitchnick’s view reflects a wider institutional realization that very few cryptocurrencies are truly durable and useful. He explained that Bitcoin continues to dominate the crypto market because it has carved out a unique product-market fit as a form of digital gold, representing a significant portion of market cap. Few other digital assets have achieved comparable utility or market relevance, he added. He also pointed out that, although thousands of cryptocurrencies exist, most will likely become worthless over time.

Furthermore, Mitchnick warned against short-term or leveraged trading. He believes that those who approach the digital asset space with patience and a long-term outlook tend to succeed the most.

He advised these investors to focus more on fundamentals than speculation and to recognize that market cycles and volatility are natural in this emerging sector. Members of the XRP community have taken notice of Mitchnick’s comments, as they see his emphasis on utility and product-market fit aligning with XRP’s core use case.

XRP has established itself as a bridge currency designed to improve cross-border payment efficiency and liquidity, contrasting with many other speculative tokens. Its strong presence in international remittances and growing adoption among financial institutions demonstrate the kind of “economic utility” Mitchnick described as essential for long-term viability.

Forex Signals Nov 12: Cisco, Tencent Music, Circle (CRCL) Earnings Preview

Posted on by Skerdian Meta

Cisco Systems, Tencent Music, and Circle Internet Group CRCL are all scheduled to release earnings today that could affect sentiment in international markets, making it a busy day for investors in technology and digital media.
Continue reading “Forex Signals Nov 12: Cisco, Tencent Music, Circle (CRCL) Earnings Preview” →

JPMorgan Unleashes JPM Coin: Instant Deposits Hit the Blockchain

Posted on by Olumide Adesina

JPMorgan Chase has begun deploying a deposit token called JPM Coin for its institutional clients.

JP Morgan

The token, which represents dollar deposits at the world’s largest bank, enables users to send and receive money via Coinbase-owned public blockchain Base, said Naveen Mallela, global co-head of the bank’s blockchain division Kinexys, in an interview.

JPM Coin explained that this allows payments to be processed in seconds and around the clock, rather than taking days and only during business hours. The rollout follows a trial period for JPM Coin over the past few months, involving companies like Mastercard, Coinbase, and B2C2.

Mallela mentioned that the bank aims to expand to other currencies and make the token available to clients of its clients in the future, pending regulatory approval. He also said that plans include expanding to other blockchains.

The pilot phase for JPM Coin, with the ticker JPMD, was first announced in June. According to Mallela, the bank has trademarked the ticker JPME for a possible future launch of a Euro-denominated deposit token.

This launch represents a significant step in JPMorgan’s blockchain initiatives and coincides with efforts by global banks and large corporations such as Citigroup Inc., Banco Santander, Deutsche Bank, and PayPal Holdings Inc. to explore digital assets for faster and cheaper payments.

The US has passed the Genius Act, which governs stablecoins—a growing form of digital money. Debt tokens are digital coins issued by commercial banks, representing a claim on existing customer deposits. They are essentially tokenized versions of money already in bank accounts, designed to move more efficiently via blockchain networks. While stablecoins are often pegged to fiat currencies and backed one-to-one by assets like government bonds or highly liquid assets, they are distinct from debt tokens..