Monat: Mai 2025

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XRP eyes bounce as regulated futures launch on CME

  • XRP Futures are live on CME, with the launch coming as cryptocurrencies target rebound
  • Ripple CEO Brad Garlinghouse says the launch is a “key institutional milestone for XRP”
  • The XRP price could explode amid the development.

Ripple is notching yet another milestone in the market as regulated futures tracking its cryptocurrency XRP go live on the Chicago Mercantile Exchange.

XRP price may ride the launch to post a notable rebound, a scenario analysts say is likely to mirror the traction that greeted Bitcoin (BTC) and Ethereum (ETH) futures going live on the CME.

Big news as XRP Futures launch on the CME

The CME Group announced on May 19,2025 that the XRP and Micro XRP futures were now live on the exchange. CME’s announcement came as XRP hovered near a key level.

That’s because the broader market was facing downside action following a volatile start to the week for risk-on assets. However, with market participants looking to bounce, XRP holders received the positive news from CME.

Notably, the company has rolled out futures contracts for XRP and Micro XRP, allowing traders to leverage regulated products of the fourth-ranked altcoin.

Ripple CEO Brad Garlinghouse commented on the launch:

“The launch of regulated XRP Futures on CME marks a key institutional milestone for XRP…and very excited to report that Hidden Road cleared the first block trade on CME at the opening!”

XRP price analysis

Currently, XRP is trading at $2.34. Despite a 3.7% dip in the last 24 hours, daily volume is up 71% to over $4 billion. CME’s launch of regulated futures might be a fresh catalyst for XRP price.

Analysts at Crypto Raven noted:

“$BTC pumped and dumped a significant amount right after launching on CME Future market, $XRP is launching today. We could see similar movements where the price could push high and immediately look for corrections. It might not be as steep as $BTC, but could be something significant.”

While XRP has shed about 9% of its value in the past week, the top 10 altcoin by market cap have traded 13% up in the past 30 days. Furthermore, the Ripple token has ridden positive news since July 23 to break higher.  Zooming out, in the past year, the XRP price has jumped by more than 360%.

Institutional interest, amid potential spot exchange-traded fund (ETF) approval, combines with a broader market outlook to give bulls reason to target future gains. The cryptocurrency’s latest milestone, together with key launches in other markets such as Brazil, has XRP nicely poised.

Ripple’s controversies

Even as XRP’s future launch, Ripple’s troubles are far from over. The Securities and Exchange Commission (SEC) is still pursuing penalties against the company.

This is even after the company won a partial legal victory in terms of XRP’s status in the secondary markets.

A US federal judge also had rejected Ripple’s and the SEC’s request to approve a $50 million settlement.

The post XRP eyes bounce as regulated futures launch on CME appeared first on CoinJournal.

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Strategy hit with lawsuit as Bitcoin holding tops $59B

  • The company’s total Bitcoin holdings now stand at 576,230 BTC.
  • Average cost basis updated to $69,726 per Bitcoin.
  • The lawsuit was filed by Pomerantz LLP in Virginia over alleged investor deception.

MicroStrategy, now rebranded as Strategy, is once again making waves across financial markets.

The company, known for holding the largest corporate stash of Bitcoin, is facing a class action lawsuit alleging misleading accounting practices.

Despite this, it has continued buying more Bitcoin, bringing its total to 576,230 BTC, worth approximately $59 billion.

$764.9M BTC purchase follows lawsuit filing

On 19 May 2025, Strategy disclosed it had acquired an additional 7,390 BTC for $764.9 million.

The average price paid was $103,498 per coin.

The acquisition was financed via an at-the-market (ATM) equity offering and the issuance of Series A STRK preferred stock.

This brings its total holdings to 576,230 BTC at a new average cost of $69,726.

The announcement came just after the firm was hit with a lawsuit filed in the Eastern District of Virginia.

The legal action, initiated by Pomerantz LLP, names both the company and top executives, accusing them of failing to alert investors about the risks posed by updated Bitcoin accounting rules under ASU 2023-08.

The new standard requires firms to reflect the fair market value of Bitcoin on their balance sheets.

According to the lawsuit, Strategy downplayed the impact this would have on its financial statements, allegedly resulting in a $5.91 billion fair-value loss that wasn’t adequately communicated to shareholders.

Use of non-GAAP metrics under scrutiny

The complaint also highlights Strategy’s use of proprietary, non-GAAP metrics such as “BTC Yield” and “BTC $ Gain”.

The plaintiffs argue these terms were not standard financial indicators and may have presented an inflated view of the company’s profitability.

This approach appeared to unravel on 7 April, when the $5.9 billion impairment loss became public.

MSTR shares fell 8.67 percent that day. By 1 May, earnings reports confirmed the blow to the company’s books, and investors responded negatively.

While the firm’s defenders point to long-term Bitcoin appreciation and innovation in digital asset strategy, the lawsuit raises questions about regulatory compliance and transparency.

Accounting experts have noted that non-GAAP metrics must be used carefully, especially when they contradict or obscure established accounting principles.

No strategic shift despite legal risks

Despite the financial hit and legal threats, Strategy has shown no sign of changing course.

Its May filing suggests the firm remains committed to accumulating more Bitcoin, with its latest purchase representing one of the largest single-month acquisitions this year.

Michael Saylor, the company’s chairman, has consistently positioned Bitcoin as “digital gold” and a long-term asset class.

His earlier comment — “My formula for success is rise early, work late, and buy Bitcoin” — continues to define the company’s public stance.

However, the legal case could reshape how other corporations approach digital asset reporting.

The post Strategy hit with lawsuit as Bitcoin holding tops $59B appeared first on CoinJournal.

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Dogecoin price prediction following the 11% drop in a week

  • Dogecoin is currently trading in a falling wedge, eyeing a breakout above $0.219.
  • A close above $0.22378 could signal a bullish trend reversal.
  • On-chain activity is rising, boosting the long-term bullish outlook.

Dogecoin (DOGE) has experienced notable turbulence over the past week, with the popular meme coin shedding more than 11% of its value amid wider market volatility.

Although short-term losses have sparked concern among retail traders, technical analysts, and blockchain activity suggest that DOGE may be positioning itself for a much larger move.

DOGE price analysis

Over the past few days, Dogecoin has slipped from a local high of $0.25 to hover around the $0.2161 mark, reflecting a strong pullback after a sustained rally earlier this month.

Despite the apparent weakness, this decline has not invalidated the broader bullish structure that analysts have been tracking over recent months.

On the four-hour chart, DOGE is currently trading within a defined falling wedge pattern, which is widely regarded as a bullish formation when confirmed with a breakout.

Highlighting this setup, an analyst on X has noted that Dogecoin’s price has compressed between descending resistance near $0.219 and support just above $0.212, forming a tightening range.

The analyst’s chart also points to Ichimoku Cloud metrics that show the price hovering within the equilibrium zone, suggesting that the current pause may precede a larger directional move.

The high-confluence support zone between $0.212 and $0.214, bolstered by the Ichimoku Span B, has already prompted intraday rebounds, hinting at strong buyer interest near that level.

Meanwhile, resistance at the upper wedge boundary coincides with the Kijun-sen (baseline) around $0.225, creating a well-defined ceiling that needs to be breached for bullish momentum to resume.

Dogecoin price outlook

If Dogecoin manages a decisive four-hour candle close above $0.219, Ali Martinez believes that the coin could quickly target the previous supply zone between $0.24 and $0.26.

However, a breakdown below the $0.205 support level would likely open the door to steeper declines, potentially revisiting the April pivot low near $0.185.

From a medium-term perspective, Dogecoin’s weekly chart paints a more optimistic picture, especially as the token recently closed above the Bull Market Support Band.

This band, defined by the 20-week simple moving average and a two-sigma envelope, has acted as a major barrier since early February, with recent price action flipping it into provisional support.

Analyst Cantonese Cat has emphasised the significance of this breakout, arguing that a second consecutive weekly close above $0.22378 would confirm a broader trend reversal.

Despite the pullback from $0.25, the midline of the Bollinger Bands, which overlaps with the Bull Market Support Band, remains the primary pivot point for sustained bullish follow-through.

Adding further weight to this outlook, long-term chart patterns suggest Dogecoin has already completed a breakout above a multi-year descending resistance in late 2023.

According to analyst Javon Marks, this structural change, marked by higher highs and higher lows, confirms a bullish reversal from the extended bear market that began after its 2021 peak.

Marks also pointed out that the recent correction found support at $0.16, establishing a higher low that strengthens the case for a continued uptrend.

Based on these developments, Marks has maintained a projected price target of $0.6533, representing a potential 174% increase from current levels.

He also noted that Dogecoin could eventually revisit its previous all-time high of $0.74 and even extend gains toward $1.25 if momentum builds and market sentiment improves.

Still, another layer of resistance remains between $0.25 and $0.26, a zone that has consistently capped Dogecoin’s price since December 2024, according to analyst Ali Martinez.

Repeated failures to break through this level earlier in the year underscore the importance of a confirmed move above it for any sustained upward move to take hold.

While the technical picture remains mixed in the short term, Dogecoin’s on-chain data adds another bullish signal to the overall outlook.

Blockchain analytics platform IntoTheBlock reported a surge in user engagement, with new addresses jumping by over 102% and active addresses climbing by more than 111% in just one week.

Additionally, zero-balance addresses, often associated with increased turnover and new activity, rose by more than 155%, reflecting renewed interest from both traders and casual users.

This resurgence in network activity coincides with a broader market rally and suggests that Dogecoin’s recent price drop may not reflect weakening fundamentals.

Should the price break above the $0.219 and $0.26 resistance zones, it may well trigger the next major rally toward the $0.65 target outlined by bullish analysts.

But until then, both traders and long-term holders will be watching key support and resistance levels closely, waiting for the signal that confirms Dogecoin’s next major move.

The post Dogecoin price prediction following the 11% drop in a week appeared first on CoinJournal.