Kategorie: Crypto News

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US SEC delays decision on 21Shares and Bitwise Solana ETFs

  • The regulator said it was “instituting proceedings” to consider the 21Shares Core Solana ETF and the Bitwise Solana ETF, according to filings released Monday.
  • The SEC is currently reviewing more than 70 cryptocurrency ETF applications.
  • Crypto investment products attracted $785 million in net inflows last week, according to CoinShares.

The US Securities and Exchange Commission has postponed its decision on two proposed exchange-traded funds tied to Solana, while inviting public comment as part of its review process.

The regulator said it was “instituting proceedings” to consider the 21Shares Core Solana ETF and the Bitwise Solana ETF, according to filings released Monday.

“Institution of proceedings does not indicate that the Commission has reached any conclusions,” the SEC said.

“Rather, the Commission seeks and encourages interested persons to provide comments on the proposed rule change.”

The agency is currently evaluating a growing number of crypto ETF proposals beyond Bitcoin and Ethereum, with filings covering a range of assets including Solana, XRP, Dogecoin, Cardano, and Litecoin.

The current round of reviews comes amid a shift in regulatory tone under the Trump administration.

The crypto ETF waitlist

The SEC is currently reviewing more than 70 cryptocurrency ETF applications, ranging from products tied to major altcoins like XRP, Solana, and Litecoin to more speculative meme-themed and leveraged offerings.

Bloomberg ETF analyst Eric Balchunas described the current queue as “wild,” highlighting the breadth of filings, which include references to “Penguins, Doge, and 2x Melania.”

This wave of applications follows two landmark approvals by the agency: spot Bitcoin ETFs in January 2024 and spot Ethereum ETFs in July. Both were viewed as significant milestones for mainstream adoption of crypto investment vehicles.

According to Bloomberg estimates from February, Litecoin ETFs have the highest likelihood of approval at 90%, with Dogecoin ETFs following at 75%.

Crypto ETPs inflows continue

Amid the regulatory developments, crypto investment products attracted $785 million in net inflows last week, according to CoinShares.

This marked the fifth straight week of gains, bringing total 2025 inflows to $7.5 billion and fully offsetting the $7 billion withdrawn earlier this year during a market correction.

Assets under management in crypto ETPs reached $172.9 billion globally, nearing all-time highs.

US-based products led with $681 million in inflows, followed by Germany at $86.3 million and Hong Kong at $24.2 million — its largest since November 2024. Sweden, Canada, and Brazil recorded modest outflows.

Solana-based products, despite the ETF headlines, saw net outflows of $0.9 million last week.

XRP and Sui drew $5 million and $9.3 million in inflows, respectively, while Cardano and Chainlink also saw minor gains.

21Shares, already active in the US through its spot Bitcoin and Ethereum ETFs with Ark Invest, has recently expanded its filings to include Solana, Dogecoin, XRP, and Polkadot.

The post US SEC delays decision on 21Shares and Bitwise Solana ETFs appeared first on CoinJournal.

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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.

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Best crypto to buy as Bitcoin (BTC) surpasses Google in global asset rankings

  • Bitcoin recently surpassed Google in global market cap rankings.
  • Bitcoin Pepe is quickly approaching $10 million in its ongoing BPEP token presale ahead of exchange listing.
  • Bitcoin Pepe promises to bring meme coins to the Bitcoin network.

Cryptocurrencies led by Bitcoin (BTC) are making waves as they disrupt the global asset rankings.

Bitcoin (BTC) recently surged past $106,000, overtaking Alphabet (NASDAQ: GOOGL) to become the sixth-largest asset globally by market capitalisation.

In another sign of crypto’s growing financial footprint, Tether—the largest stablecoin issuer—now holds more in US Treasury securities and gold reserves than Germany.

According to data from the US Department of the Treasury, Tether’s holdings have exceeded Germany’s $111 billion in US Treasuries.

These developments underscore the rapid momentum behind digital assets, as they increasingly rival and, in some cases, surpass traditional financial institutions in scale and influence.

As capital increasingly flows into digital assets, investors are seeking the next high-potential projects that could ride this bullish wave.

Among them, Bitcoin Pepe is quickly emerging among the best crypto to buy, especially for those looking to enter the market during this market resurgence.

Bitcoin’s surge above Google in market cap

On May 19, 2025, Bitcoin overtook Google’s parent company, Alphabet Inc. (GOOGL), in global asset rankings by market capitalisation.

This came as Bitcoin’s price topped $106,000, lifting its market value past the $1.67 trillion mark.

This development underscores a broader trend: institutional and sovereign-level confidence in Bitcoin is growing.

Governments, hedge funds, and publicly traded companies are all adding BTC to their treasuries, with the most recent being Metaplanet, which added 1,004 bitcoins to its holdings.

While traditional tech stocks have been a staple in investment portfolios for decades, Bitcoin’s narrative as “digital gold” and a decentralised store of value is winning hearts and capital across global markets.

Its fixed supply, combined with growing demand, continues to push its valuation higher even amid periodic market corrections.

Moreover, Bitcoin’s performance relative to top-tier equities is shifting perceptions. In previous market cycles, critics dismissed BTC as speculative or too volatile.

That said, the rapid ascent of Bitcoin is also catalyzing interest in adjacent crypto projects, particularly those aiming to build on Bitcoin’s foundational strength.

Bitcoin Pepe is emerging as a top buy as BTC surges

As Bitcoin continues to dominate headlines, Bitcoin Pepe is quickly positioning itself as one of the most promising investment opportunities in the crypto market today.

Built as the world’s first meme-based Layer-2 for Bitcoin, Bitcoin Pepe is more than just a viral token, it represents an ambitious plan to bring Solana-style speed and scalability to the Bitcoin network.

Bitcoin Pepe’s native token, BPEP, is currently in the final stages of its presale.

Having already raised over $9.8 million in the presale, Bitcoin Pepe has drawn significant interest from early backers who see both the narrative and technological edge it brings to the table.

The current BPEP presale price is $0.0342. Notably, the token has seen a 62.9% price rise since the presale started a few weeks ago, with a 5% increase in each presale stage.

Bitcoin Pepe’s roadmap is equally ambitious. Once the presale comes to an end, the price of BPEP is expected to rise substantially, especially after it hits centralised exchanges shortly after the presale ends.

Beyond the presale hype, Bitcoin Pepe has introduced a new token standard by the name of PEP-20 token standard, which allows users to launch their own memecoins on Bitcoin’s blockchain.

By introducing ultra-fast transactions and negligible fees, Bitcoin Pepe aims to empower a new generation of creators and investors to build directly on the most secure blockchain in existence.

Despite the broader market experiencing a minor pullback today, the sentiment around Bitcoin Pepe remains overwhelmingly bullish, fueled not only by retail investors but also by crypto influencers and key opinion leaders (KOLs) who recognize the project’s unique positioning at the intersection of memes, Bitcoin, and scalable infrastructure.

The post Best crypto to buy as Bitcoin (BTC) surpasses Google in global asset rankings appeared first on CoinJournal.