XRP Archives

Bybit CEO Ben Zhou warns crypto liquidations may have hit $10 billion after US tariffs

February 5, 2025 2 mins read

Ben Zhou, the CEO of Bybit, has raised concerns about the state of the crypto market. He estimates that liquidations could reach between $8-10 billion, which is much higher than the reported figures. Zhou explained that major exchanges, including Bybit, limit the liquidation data shared publicly. This means that actual losses are likely much worse than they seem. He compared the current situation to the 2022 collapse of FTX, where

$The trade dispute between the US and China has intensified, causing uncertainty in global markets, including cryptocurrencies. China has imposed new tariffs ranging from 10% to 15% on US goods, raising concerns among investors. However, analysts suggest that the actual impact of these tariffs may be overstated. China's tariffs include a 10% tax on US crude oil and farm equipment and a 15% tax on coal and liquefied natural gas (LNG). Although this news initially unsettled the market, experts point out that these goods make up a small fraction of China's total imports from the US. In fact, the US only supplies about 6% of China's LNG and coal, limiting the direct effects of the tariffs. Despite a significant market drop on Monday, which erased billions in value, some analysts view Bitcoin as a safe haven against geopolitical instability. Many investors believe that Bitcoin thrives during economic uncertainty and inflation. Financial expert Robert Kiyosaki sees the recent price drop as a chance to buy, reinforcing Bitcoin's reputation as a reliable store of value during crises. The ongoing trade tensions have also impacted Ethereum, with predictions of a potential price decline if the situation worsens. Nevertheless, long-term investors remain hopeful. Strategic traders see market fluctuations as opportunities rather than reasons to panic. In a contrasting development, a temporary agreement between the US, Canada, and Mexico has eased some investor worries. The US has delayed tariffs on goods from Canada and Mexico for 30 days in exchange for stricter border controls.$

China’s new tariffs on US goods shake markets

February 5, 2025 1 min read

The trade dispute between the US and China has intensified, causing uncertainty in global markets, including cryptocurrencies. China has imposed new tariffs ranging from 10% to 15% on US goods, raising concerns among investors. However, analysts suggest that the actual impact of these tariffs may be overstated. China’s tariffs include a 10% tax on US crude oil and farm equipment and a 15% tax on coal and liquefied natural gas

Purpose Investments files for the first-ever Ripple (XRP) ETF in Canada

February 2, 2025 1 min read

Purpose Investments, a Canadian asset management firm, has proposed the first exchange-traded product (ETF) based on the spot value of Ripple (XRP). This move follows their success with the first Bitcoin and Ether ETFs. The firm has submitted the necessary documents to Canadian securities regulators to launch the Purpose Ripple ETF. This ETF aims to invest in long-term XRP holdings, providing a new way for investors to access this digital

The US SEC has fast-tracked approval for Bitwise’s Bitcoin and Ethereum ETF in just 45 days

February 1, 2025 1 min read

The U.S. Securities and Exchange Commission (SEC) has quickly approved Bitwise’s spot Bitcoin (BTC) and Ethereum (ETH) Exchange-Traded Fund (ETF). This approval came just 45 days after Bitwise filed the necessary paperwork, a significant reduction from the usual 240-day review period. On January 30, the SEC approved NYSE Arca’s 19b-4 filing, allowing the ETF to be listed and traded. The fund will invest based on the market capitalization of Bitcoin

Bitwise files for a physically-backed Dogecoin ETF with the SEC

January 30, 2025 1 min read

Bitwise Asset Management has filed for a Dogecoin ETF with the US Securities and Exchange Commission (SEC). This application was submitted on January 28. It follows a previous attempt to register a Dogecoin ETF through a Delaware trust. This is the second Dogecoin ETF filing recently after Rex Shares applied for multiple meme coin ETFs, including Dogecoin, Bonk, and Donald Trump’s TRUMP token. Bloomberg analyst James Seyffart mentioned on X

The SEC removes references to its Ripple lawsuit from its website

January 30, 2025 2 mins read

The SEC’s recent actions have caused a stir in the crypto community. They have removed references to their lawsuit against Ripple from their website. This has led to speculation that the case might be dropped. However, legal experts confirm that the lawsuit is still active on PACER, the official court database. The legal dispute between Ripple and the SEC has been ongoing for four years. There have been rumors of

Why You’re Not a Millionaire Yet—Stop Ignoring Memecoins! Here Are the Top 5 Picks for Your First Crypto Million

January 25, 2025 7 mins read

Many people wonder why they haven’t struck it rich in the digital currency market. Overlooking playful but potent tokens might be the reason. There are certain coins that started as jokes but have skyrocketed in value. Discover the top five of these unique cryptocurrencies that could lead to a substantial financial breakthrough. Score Big with XYZ: The New Meme Coin Heavyweight The fans are losing it! The XYZ token is

Grayscale and CoinShares file for Litecoin, Solana, and XRP ETFs

January 25, 2025 1 min read

Grayscale Investments and CoinShares are expanding their offerings by filing for multiple crypto exchange-traded funds (ETFs). They are focusing on assets like Litecoin, Solana, and XRP to provide more regulated investment options. Grayscale has applied for ETFs that will track Litecoin and Solana. The Litecoin ETF will follow the price of LTC without requiring direct ownership, building on Grayscale’s existing Litecoin Trust. Additionally, Grayscale has sought to convert its Grayscale

Why BTFD Coin Is the Best New Meme Coin to Buy This Week After Dogwifhat’s ICO FOMO

January 24, 2025 4 mins read

Remember the Dogwifhat ICO? You know, the one that sold out in the blink of an eye? Yeah, that one. Everyone was buzzing about it, whispering about the potential, and those lucky enough to snag a bag? They’re probably sipping piña coladas on a yacht somewhere, counting their gains. Meanwhile, the rest of us are kicking ourselves, shaking our fists at the internet gods for their slow loading speeds and

Senator Ted Cruz plans to challenge IRS crypto tax rules

January 22, 2025 1 min read

Texas Senator Ted Cruz is opposing new IRS crypto tax rules, which have been welcomed by the crypto community. He plans to use the Congressional Review Act (CRA) to challenge a regulation that requires crypto brokers to report extensive income from digital assets. Critics believe this rule misinterprets the term “broker” and does not consider the decentralized nature of blockchain technology. The IRS rule was part of the 2021 infrastructure

Ripple CLO Stuart Alderoty denies claims that Trump criticized Ripple for donations to Kamala Harris

January 18, 2025 1 min read

Ripple’s Chief Legal Officer, Stuart Alderoty, has refuted claims that President Donald Trump criticized Kamala Harris for receiving financial backing from Ripple executives. Alderoty labeled these allegations as “pure fiction,” responding to unverified reports suggesting Trump confronted Ripple for not supporting his campaign. The rumors originated from various media outlets, claiming Trump accused Ripple of backing Harris instead of him. An Axios report quoted Trump allegedly asking, “When I needed

ApeX Protocol Unveils 2025 Roadmap With ApeX Trading Chain and 25M APEX Airdrop

January 16, 2025 3 mins read

ApeX Protocol, one of the leading decentralized exchanges, has announced its 2025 roadmap and new strategic vision. Highlights include the rollout of the ApeX Trading Chain, a 25 million APEX token airdrop, and the launch of AI-powered tools. Major enhancements to ApeX Protocol over the next 12 months will see the launch of ApeX Trading Chain as the decentralized exchange goes omnichain. This aligns with its broader goal of simplifying access to on-chain