Category: Crypto market

XRP Price Prediction: From Legal Victory to ETFs and SWIFT As Ripple Use Case Builds Further

Posted on by Skerdian Meta

The digital asset market has been stimulated by the SEC’s decision to expedite spot crypto ETF approvals, and Ripple’s XRP has shown increased resilience in the face of temporary price pressure.
Continue reading “XRP Price Prediction: From Legal Victory to ETFs and SWIFT As Ripple Use Case Builds Further” →

BitGo Files for NYSE Debut After Blockbuster H1 Revenue Surge

Posted on by Olumide Adesina

BitGo filed for a US IPO, hoping to be listed on the New York Stock Exchange, following the successful public debuts of companies like Circle, Bullish, and Figure. BitGo, which in July filed a confidential draft version of its S-1 IPO statement, reported that its revenue increased nearly fourfold to approximately $4.2 billion in the first half of 2025, from $1.1 billion the previous year.

However, according to the filing’s numbers, its net margin of roughly 2.76 percent in the first half of 2024, which was consistent with the filing’s large ‘digital-asset sales’ line and associated costs, collapsed to just 0.30 percent in the first half of 2025, as net income fell to about $12.6 million from $30.9 million in the previous period.

Serving more than 4,600 clients (contracted institutions and others), the cryptocurrency custodian, which was last valued at $1.75 billion in a 2023 Series C round, reported that as of the end of June, it had $90.3 billion in assets on the platform.
Mike Belshe, the co-founder and longtime CEO of BitGo, will maintain majority voting power under the S-1’s terms, which will make BitGo a “controlled company” according to NYSE regulations.

According to the filing, the company may use the governance exemptions granted by that designation in the future, but it does not “currently intend to rely” on them. BitGo’s IPO filing follows several high-profile public debuts by cryptocurrency companies in recent weeks, such as lending firm Figure, stablecoin issuer Circle, and exchange Bullish.

This comes after the Federal Reserve lowered interest rates last week. Other companies are also considering going public, including Gemini, Grayscale, and Kraken. The company plans to list on the NYSE under the ticker “BTGO,” and Goldman Sachs and Citi are the deal’s principal underwriters. The price range and number of shares are not disclosed in the S-1.

Ripple: BlackRock Signals $8+ XRP Target as Crypto.com Fuels ETF Frenzy

Posted on by Olumide Adesina

Kris Marszalek, the CEO of Crypto.com, has boldly predicted that an ETF for XRP could attract $8 billion in inflows during its first year.

This prediction has created excitement within the XRP community, with many hopeful that such inflows will lead to a significant rise in XRP’s value.

If realized, the anticipated increase in liquidity could strengthen XRP’s position in the cryptocurrency market.

Marszalek’s comments also highlighted the growing institutional interest in XRP and suggested that substantial investments may be coming soon. This influx of capital is likely to enhance XRP’s status and draw in both individual and institutional investors.

Robert Mitchnick, a former Ripple executive and head of digital assets at BlackRock, published research forecasting a double-digit price target for XRP. Mitchnick, who previously worked at Ripple, co-authored a study that analyzed digital assets and their potential. His report estimated XRP’s future price could reach double digits by examining both success and failure scenarios.

He provided a low estimate of $6.37, which is considerably higher than XRP’s current trading level. The findings were summarized into a set of fundamental values.

The estimated fundamental value range for XRP was calculated to be between $1.59 and $8.23 based on a 25 percent probability of a successful outcome. In the event of a failure, it was assumed that XRP would become worthless. Although BlackRock has not yet applied for an XRP ETF, the company has significantly increased its involvement in the cryptocurrency market.

Ethereum’s (ETH) Massive Accumulation Signals Explosive Rally

Posted on by Olumide Adesina

Ethereum (ETH) experienced a decline of 1.15 percent, remaining below $4,500. However, the digital asset has entered a significant new accumulation phase despite slow price movements. ETH’s holdings of Accumulating Addresses have more than doubled in less than four months, according to recent data.

These addresses showed a steady but gradual increase from 2018 to mid-2025, reflecting consistent long-term interest, according to CryptoQuant’s findings. However, as of June 1st, 2025, this pattern shifted dramatically to exponential growth. By mid-September 2025, balances had grown to nearly 28 million ETH from around 13 million ETH, marking a more than twofold increase in record time.

This surge highlights aggressive accumulation by large-scale and strategic investors, indicating their confidence in ETH’s long-term value. The large demand reduces circulating supply and strengthens the foundation for potential bullish price moves

“The implications of this accumulation phase could become even more impactful” when combined with scalability upgrades, increasing institutional adoption, and ongoing macroeconomic factors, CryptoQuant suggests.

TK Research has found that Ethereum is currently experiencing significant growth, driven by increased on-chain activity and a rise in capital investment. Over the past year, the network’s transaction throughput (TPS) has grown by 61.5 percent, showcasing improvements in scalability and efficiency.

At the same time, average transaction fees in ETH have plummeted by nearly ten times, making the network more accessible to both developers and users. This combination of higher throughput and lower costs creates a positive feedback loop: a better user experience encourages more engagement, which in turn attracts additional decentralized applications (dApps) and funding to the ecosystem.

Although Ethereum’s fundamentals are improving, its market structure remains tight. Price action is consolidating between key levels, indicating the asset may be entering a compression phase, according to crypto analyst Lennaert Snyder. Snyder suggests that while $4,460 might serve as immediate support, the $4,630 resistance level remains the main obstacle to further bullish momentum. He also notes that there is significant liquidity around the $4,250 low, indicating a potential downside test before any upward movement.

Coinbase: Many XRP ETFs on Track for SEC Approval and Launch

Posted on by Olumide Adesina

Coinbase’s report stated that the SEC is considering changes to simplify the listing process, which experts believe could open the door for a variety of cryptocurrency exchange-traded funds.

The timing—possibly as soon as next month—suggests that regulations are becoming more open to digital asset products. According to the report, the SEC is reviewing applications for more than 90 new crypto ETF products.

Markets projected SEC’s move to adopt generic listing requirements would be a major milestone for the sector, bringing cryptocurrency into what he calls the “big leagues.”

ETFs linked to popular cryptocurrencies like Dogecoin, Solana, XRP, and others. Bloomberg analyst James Seyffart added that hundreds of cryptocurrency-related exchange-traded products could be approved in the next 12 to 18 months, indicating a big expansion of the market’s options.

Several applicants for an XRP ETF have reportedly modified their SEC filings. Analysts interpret this as a potential indication that approval and launch are forthcoming.

The potential launch of multiple XRP-based ETFs is closely watched, as it would be one of the most notable examples of a digital asset gaining an investment vehicle on regulated exchanges. Market observers believe that launching several ETFs, such as those linked to XRP, could improve access and liquidity for both institutional and individual investors. Approving these products would also give traditional market players regulated channels to familiarize themselves with digital assets, which have long been seen as a vital step toward widespread adoption.

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

Grayscale’s ADA Boost in New ETF Signals Cardano’s Revival Rally

Posted on by Olumide Adesina

Charles Hoskinson’s optimistic post on Twitter and the SEC’s approval of Grayscale’s multi-token ETF have sparked renewed interest in Cardano, which is currently trading at approximately $0.92, having dropped about 70% from its all-time high (ATH) in September 2021. Short-term market sentiment will largely depend on ETF inflows and regulatory clarity.

 

According to ETF analyst Nate Geraci, the SEC-approved multi-token ETF from Grayscale may drive up demand by including exposure to ADA, Cardano’s native token.

Cardano’s price is currently about $0.92. Traders monitor ADA’s momentum and the inflows related to the ETF in light of Hoskinson’s optimistic post and the ETF’s approval.

Factors such as demand for ETFs, overall market sentiment, and on-chain activity will all influence short-term price movements. Additionally, the fundamentals will continue to be shaped by regulatory signals and ongoing development efforts. The SEC’s approval of Grayscale’s multi-token ETF has created an official pathway for institutional investors to enter the ADA market, listing ADA alongside other tokens. Nate Geraci emphasizes that there is significant demand for multi-token products, which could lead to increased inflows into ADA that align with the fund’s token weightings.

SEC’s New Rule Greenlights XRP Spot ETFs

Posted on by Olumide Adesina

Major exchanges can now list spot crypto funds, including XRP, Solana, and Litecoin. A new SEC listing standard, Rule 6c-11, allows for quicker approval of commodity-based crypto ETFs by shortening the review timeline to as little as 75 days.

Rule 6c-11 enables exchanges to implement listing for commodity-based trust shares without undergoing a complete 19b-4 review.

This change accelerates product launches and expands investment options by simplifying the listing process for qualified cryptocurrency ETFs. Under this new standard, major exchanges like Nasdaq, NYSE Arca, and Cboe BZX can list eligible crypto ETFs. As a result, pending filings for spot ETFs involving Litecoin, Dogecoin, Solana, and XRP may advance more rapidly.

Additionally, Brad Garlinghouse, CEO of Ripple, discussed how XRP addresses liquidity issues in cross-border payments.

He highlighted the significant problem the asset aims to solve, noting that trillions of dollars remain idle in nostro and vostro accounts globally.

Garlinghouse buttressed that the long-term value of a digital asset should arise from its practicality, not speculation.

He encouraged investors and industry stakeholders to consider the specific problems a token addresses, the significance of those problems, and the number of clients it serves.

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.” 

Forex Signals Sept 18: Powell’s Caution Tempers Dovish Expectations, What It Means for BOE

Posted on by Skerdian Meta

Global markets steadied after the Federal Reserve’s latest policy move, leaving traders cautious ahead of the Bank of England’s upcoming decision. Continue reading “Forex Signals Sept 18: Powell’s Caution Tempers Dovish Expectations, What It Means for BOE” →