Key Takeaways: Dubai grants Ripple full regulatory approval to provide crypto payments. Ripple lands its first Middle East license, unlocking a $40B payments market. This move further reinforces Ripple’s standing in the global digital asset industry. Ripple Joins Leading Companies Driving Crypto Innovation in the UAE As a free economic alliance, DIFC is a beacon…
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Key Takeaways: Demand for USDT hit a 6-month peak recently, showing that traders are gearing to get into position. Traders flock to the stability of USDT amid economic uncertainties and market corrections. Increased USDT holdings could be a precursor to renewed buying pressure and the recovery of the crypto market. Recent on-chain data shows a…
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In a new video, CryptoSensei (@Crypt0Senseii)—the founder of the Cryptonairz community—laid out a comprehensive argument for why he believes XRP could soar to four- and even five-digit price territory. The video, titled “THIS WILL GUARANTEE A $1000 XRP PRICE,” focuses on ten key factors that, according to CryptoSensei, could significantly boost XRP’s adoption and market valuation in the coming years. #1 Regulatory Clarity For XRP CryptoSensei begins by underscoring the ongoing legal situation involving the US Securities and Exchange Commission (SEC) and Ripple Labs, mentioning the partial appeal of the court’s July 2023 ruling. While stressing that the appeal does not designate XRP itself as a security, he notes that “we still have the case against Brad and Chris [referring to Ripple executives] going.” The resolution of these legal hurdles, he argues, is crucial for broader institutional adoption within the United States. “If we want the type of movement we’re looking for inside the US, we need those things to come to an end,” CryptoSensei says, alluding to the potential for major banks like Bank of America, Wells Fargo, and BNY Mellon to officially engage with XRP once regulatory clarity is achieved. #2 Institutions Standing By To Use XRP The video highlights a series of statements from major financial institutions, including the CEO of BNY Mellon, who indicated that crypto custody and tokenized assets are among the bank’s future priorities. According to CryptoSensei, banks are “ready to jump in,” but are hesitant to make large-scale commitments without clear regulatory guidelines. He emphasizes that if XRP were to host “even 5 or 10%” of a multi-trillion-dollar global tokenization market, the price could reach four- or five-digit figures. #3 Potential SEC Case Drops A noteworthy discussion point is the SEC’s recent trend of dropping cases (or opting not to pursue them) against certain crypto firms. CryptoSensei mentions that the Commission “dropped the case against OpenSea, Coinbase, [and] Robinhood,” suggesting a possible shift in enforcement strategy. “Is Ripple, in fact, next? … If the [former] Trump administration wants to stand by their word of working with the crypto industry and not against them, I do believe this is coming,” he posits. #4 Tokenization Of Real-World Assets (RWAs) Central to CryptoSensei’s thesis is the growing trend of tokenizing traditional assets—ranging from real estate to debt instruments—on blockchain networks. He cites Ripple Chief Technology Officer David Schwartz, who says the XRP Ledger (XRPL) could be “a really good platform” for these tokenization projects, thanks to its low fees, integrated decentralized exchange (DEX), and multi-asset support. Schwartz explained: “If someone’s going to buy or sell tokenized real-world assets, they want to be able to do that with whatever asset is convenient for them.” CryptoSensei further highlights how Robinhood’s documentation from January 2025 (mentioned in the video) cites Ripple’s success in tokenizing hundreds of millions of dollars in real-world assets on the XRPL—projects that aim to expand into the billions and eventually trillions. #5 Interoperability Bridges Another critical piece is interoperability. CryptoSensei references the Axelar network, which is bridging the XRPL mainnet, the XRP Ledger EVM sidechain, and over 55 other blockchains. The expansion of cross-chain liquidity is described as “liquidity, liquidity, liquidity.” He points out that the XRPL’s design—integrating DEX functionality directly into the protocol—simplifies asset swaps and liquidity provisioning, boosting its appeal for large-scale tokenization. #6 Cross-Border Payment Solutions Ripple’s long-standing focus on remittances and cross-border payments also features prominently. CryptoSensei shows a clip describing how a US-to-Mexico corridor, facilitated by XRP, can settle in mere minutes at a fraction of legacy fees. “All of that takes about 10 minutes, which used to be three days,” says a Ripple spokesperson in the included clip, also noting that these transactions can be up to “20-odd basis points cheaper.” He argues that such improvements in speed and cost will eventually outcompete outdated correspondent banking rails, potentially capturing a significant portion of the multi-billion-dollar global remittance market. #7 Collaborations With Key Global Institutions In the video, CryptoSensei showcases the Bank for International Settlements’ (BIS) Cross-Border Payments Interoperability and Extension Task Force, listing Ripple alongside only a handful of major international payment networks—such as Mastercard, SWIFT, and EBA Clearing. He emphasizes Ripple’s unique position as the only blockchain infrastructure provider on the roster, describing it as a testament to the company’s significance in shaping next-generation payment standards. #8 Treasury Market On XRP Ledger Referencing Ondo’s tokenization initiatives, CryptoSensei highlights the possibility of US Treasuries migrating onto blockchains, potentially including the XRP Ledger. He notes the US Treasury market alone stands at over $28 trillion, while globally, the bond market encompasses roughly $130 trillion. “Could you imagine five or ten trillion dollars finding its way onto the XRP Ledger over the next five to ten years?” he asks, suggesting even a fraction of that capital would profoundly affect XRP’s valuation. #9 Derivatives Expansion According to the video, derivatives—often said to represent notional values in the hundreds of trillions to over a quadrillion dollars—are a prime target for on-chain tokenization. CryptoSensei points to Bitstamp, which is building a derivatives exchange on the XRPL. He believes that capturing a slice of these massive markets could drive significant demand for XRP, especially if large holders lock up tokens for long-term liquidity provisioning. #10 Central Bank Digital Currencies (CBDCs) Finally, the pundit underscores Ripple’s work with various central banks on CBDC pilots. He cites projects under the Hong Kong Monetary Authority (HKMA) and notes that Ripple was recently named the top technology provider for CBDCs by Juniper Research. From the Bank of International Settlements to major economies in Asia, CryptoSensei posits that the institutional relationships Ripple has forged place XRP in a strategic position to bridge disparate currencies and networks. “Ripple is working with up to 30 central banks,” he states, emphasizing that these ongoing partnerships may open doors for XRP to serve as a liquidity tool in sovereign-level digital currencies. While some of the claims—such as XRP reaching “four or five digits”—are extremely bullish and hinge on multiple converging factors, CryptoSensei remains steadfast: if even a few of these catalysts unfold in Ripple’s favor, he envisions a drastically higher valuation for XRP. Throughout the video, he stresses that regulatory clarity in the United States is the linchpin to unlocking widespread adoption. “If all of these things happen,” he concludes, “you better believe we’re looking at a four to five digit price.” At press time, XRP traded at $2.31. Featured image created with DALL.E, chart from TradingView.com
A market intelligence platform has attributed the drop in crypto-wide trading volume since Feb. 27 to “exhaustion, hopelessness, and capitulation.” ‘Diminishing Trader Enthusiasm’ According to Santiment, a market intelligence platform, the drop in crypto-wide trading volume since Feb. 27 can be attributed to a combination of “exhaustion, hopelessness and capitulation.” Santiment adds the consistent decline […]
A US bankruptcy court has authorized liquidators of defunct crypto hedge fund Three Arrows Capital (3AC) to increase their claim against collapsed crypto exchange FTX from $120 million to $1.53 billion.Chief Judge John Dorsey rejected FTX’s debtors’ argument that the amended proof of claim (POC) from 3AC liquidators was untimely and an unjust attempt to slow the bankruptcy proceedings.In a March 13 ruling in the US Bankruptcy Court for the District of Delaware, Dorsey opined that 3AC liquidators had provided sufficient notice of their claim and the possibility of amending it once they had analyzed all the available information. Any delay, he said, was caused by FTX’s failure to share relevant records promptly.Chief Judge John Dorsey has granted the motion by liquidators for defunct hedge fund Three Arrows Capital to increase their claim against FTX to $1.53 billion. Source:“The evidence suggests that the delay in filing the Amended Proof of Claim was, in large part, caused by the Debtors themselves,” Dorsey said.“The evidence also suggests that the Liquidators were diligent in attempting to obtain the information and that despite having the complete information in their possession, the Debtors repeatedly delayed giving it to them.”3AC liquidators initially filed a $120 million claim in FTX’s bankruptcy case in June 2023. They later expanded it in November 2024, alleging claims including breach of contract, unjust enrichment, and breach of fiduciary duty.The liquidators alleged FTX held $1.53 billion in the hedge fund assets that were liquidated to settle $1.33 billion in liabilities in 2022.They argued that the transactions were avoidable, caused harm to 3AC creditors and that FTX debtors had delayed providing the information that would have uncovered the liquidation.FTX debtors objected to the amended claim, saying that the original POC was insufficient to inform them about the nature and amount 3AC liquidators would be claiming and that it came too late and should be disallowed.Related: FTX filed for bankruptcy 2 years ago — What’s happening now?Before its collapse in June 2022, Three Arrows Capital was once one of the industry’s largest crypto hedge funds, with over $3 billion in assets.Its liquidators also pursued claims against collapsed crypto firm Terraform Labs through a $1.3 billion claim in Terra’s bankruptcy case.At the same time, FTX, which filed for bankruptcy in November 2022, has been undertaking its own recovery efforts to reclaim funds.In November last year, it filed a trio of lawsuits, one against SkyBridge Capital and its founder, Anthony Scaramucci, to recoup funds spent by former FTX CEO Sam “SBF” Bankman-Fried on sponsorship and investment deals. Another suit was filed against crypto exchange Binance and its former CEO, Changpeng Zhao, to recover $1.76 billion worth of cryptocurrency sent to the exchange as part of a July 2021 repurchase deal.Waves founder Aleksandr Ivanov is also in the crosshairs for $80 million worth of crypto sent to the Waves-based decentralized liquidity protocol by Alameda Research in 2022.Magazine: Crypto fans are obsessed with longevity and biohacking: Here’s why
A US bankruptcy court has authorized liquidators of defunct crypto hedge fund Three Arrows Capital (3AC) to increase their claim against collapsed crypto exchange FTX from $120 million to $1.53 billion.Chief Judge John Dorsey rejected FTX’s debtors’ argument that the amended proof of claim (POC) from 3AC liquidators was untimely and an unjust attempt to slow the bankruptcy proceedings.In a March 13 ruling in the US Bankruptcy Court for the District of Delaware, Dorsey opined that 3AC liquidators had provided sufficient notice of their claim and the possibility of amending it once they had analyzed all the available information. Any delay, he said, was caused by FTX’s failure to share relevant records promptly.Chief Judge John Dorsey has granted the motion by liquidators for defunct hedge fund Three Arrows Capital to increase their claim against FTX to $1.53 billion. Source:“The evidence suggests that the delay in filing the Amended Proof of Claim was, in large part, caused by the Debtors themselves,” Dorsey said.“The evidence also suggests that the Liquidators were diligent in attempting to obtain the information and that despite having the complete information in their possession, the Debtors repeatedly delayed giving it to them.”3AC liquidators initially filed a $120 million claim in FTX’s bankruptcy case in June 2023. They later expanded it in November 2024, alleging claims including breach of contract, unjust enrichment, and breach of fiduciary duty.The liquidators alleged FTX held $1.53 billion in the hedge fund assets that were liquidated to settle $1.33 billion in liabilities in 2022.They argued that the transactions were avoidable, caused harm to 3AC creditors and that FTX debtors had delayed providing the information that would have uncovered the liquidation.FTX debtors objected to the amended claim, saying that the original POC was insufficient to inform them about the nature and amount 3AC liquidators would be claiming and that it came too late and should be disallowed.Related: FTX filed for bankruptcy 2 years ago — What’s happening now?Before its collapse in June 2022, Three Arrows Capital was once one of the industry’s largest crypto hedge funds, with over $3 billion in assets.Its liquidators also pursued claims against collapsed crypto firm Terraform Labs through a $1.3 billion claim in Terra’s bankruptcy case.At the same time, FTX, which filed for bankruptcy in November 2022, has been undertaking its own recovery efforts to reclaim funds.In November last year, it filed a trio of lawsuits, one against SkyBridge Capital and its founder, Anthony Scaramucci, to recoup funds spent by former FTX CEO Sam “SBF” Bankman-Fried on sponsorship and investment deals. Another suit was filed against crypto exchange Binance and its former CEO, Changpeng Zhao, to recover $1.76 billion worth of cryptocurrency sent to the exchange as part of a July 2021 repurchase deal.Waves founder Aleksandr Ivanov is also in the crosshairs for $80 million worth of crypto sent to the Waves-based decentralized liquidity protocol by Alameda Research in 2022.Magazine: Crypto fans are obsessed with longevity and biohacking: Here’s why
A US bankruptcy court has authorized liquidators of defunct crypto hedge fund Three Arrows Capital (3AC) to increase their claim against collapsed crypto exchange FTX from $120 million to $1.53 billion.Chief Judge John Dorsey rejected FTX’s debtors’ argument that the amended proof of claim (POC) from 3AC liquidators was untimely and an unjust attempt to slow the bankruptcy proceedings.In a March 13 ruling in the US Bankruptcy Court for the District of Delaware, Dorsey opined that 3AC liquidators had provided sufficient notice of their claim and the possibility of amending it once they had analyzed all the available information. Any delay, he said, was caused by FTX’s failure to share relevant records promptly.Chief Judge John Dorsey has granted the motion by liquidators for defunct hedge fund Three Arrows Capital to increase their claim against FTX to $1.53 billion. Source:“The evidence suggests that the delay in filing the Amended Proof of Claim was, in large part, caused by the Debtors themselves,” Dorsey said.“The evidence also suggests that the Liquidators were diligent in attempting to obtain the information and that despite having the complete information in their possession, the Debtors repeatedly delayed giving it to them.”3AC liquidators initially filed a $120 million claim in FTX’s bankruptcy case in June 2023. They later expanded it in November 2024, alleging claims including breach of contract, unjust enrichment, and breach of fiduciary duty.The liquidators alleged FTX held $1.53 billion in the hedge fund assets that were liquidated to settle $1.33 billion in liabilities in 2022.They argued that the transactions were avoidable, caused harm to 3AC creditors and that FTX debtors had delayed providing the information that would have uncovered the liquidation.FTX debtors objected to the amended claim, saying that the original POC was insufficient to inform them about the nature and amount 3AC liquidators would be claiming and that it came too late and should be disallowed.Related: FTX filed for bankruptcy 2 years ago — What’s happening now?Before its collapse in June 2022, Three Arrows Capital was once one of the industry’s largest crypto hedge funds, with over $3 billion in assets.Its liquidators also pursued claims against collapsed crypto firm Terraform Labs through a $1.3 billion claim in Terra’s bankruptcy case.At the same time, FTX, which filed for bankruptcy in November 2022, has been undertaking its own recovery efforts to reclaim funds.In November last year, it filed a trio of lawsuits, one against SkyBridge Capital and its founder, Anthony Scaramucci, to recoup funds spent by former FTX CEO Sam “SBF” Bankman-Fried on sponsorship and investment deals. Another suit was filed against crypto exchange Binance and its former CEO, Changpeng Zhao, to recover $1.76 billion worth of cryptocurrency sent to the exchange as part of a July 2021 repurchase deal.Waves founder Aleksandr Ivanov is also in the crosshairs for $80 million worth of crypto sent to the Waves-based decentralized liquidity protocol by Alameda Research in 2022.Magazine: Crypto fans are obsessed with longevity and biohacking: Here’s why
A US bankruptcy court has authorized liquidators of defunct crypto hedge fund Three Arrows Capital (3AC) to increase their claim against collapsed crypto exchange FTX from $120 million to $1.53 billion.Chief Judge John Dorsey rejected FTX’s debtors’ argument that the amended proof of claim (POC) from 3AC liquidators was untimely and an unjust attempt to slow the bankruptcy proceedings.In a March 13 ruling in the US Bankruptcy Court for the District of Delaware, Dorsey opined that 3AC liquidators had provided sufficient notice of their claim and the possibility of amending it once they had analyzed all the available information. Any delay, he said, was caused by FTX’s failure to share relevant records promptly.Chief Judge John Dorsey has granted the motion by liquidators for defunct hedge fund Three Arrows Capital to increase their claim against FTX to $1.53 billion. Source:“The evidence suggests that the delay in filing the Amended Proof of Claim was, in large part, caused by the Debtors themselves,” Dorsey said.“The evidence also suggests that the Liquidators were diligent in attempting to obtain the information and that despite having the complete information in their possession, the Debtors repeatedly delayed giving it to them.”3AC liquidators initially filed a $120 million claim in FTX’s bankruptcy case in June 2023. They later expanded it in November 2024, alleging claims including breach of contract, unjust enrichment, and breach of fiduciary duty.The liquidators alleged FTX held $1.53 billion in the hedge fund assets that were liquidated to settle $1.33 billion in liabilities in 2022.They argued that the transactions were avoidable, caused harm to 3AC creditors and that FTX debtors had delayed providing the information that would have uncovered the liquidation.FTX debtors objected to the amended claim, saying that the original POC was insufficient to inform them about the nature and amount 3AC liquidators would be claiming and that it came too late and should be disallowed.Related: FTX filed for bankruptcy 2 years ago — What’s happening now?Before its collapse in June 2022, Three Arrows Capital was once one of the industry’s largest crypto hedge funds, with over $3 billion in assets.Its liquidators also pursued claims against collapsed crypto firm Terraform Labs through a $1.3 billion claim in Terra’s bankruptcy case.At the same time, FTX, which filed for bankruptcy in November 2022, has been undertaking its own recovery efforts to reclaim funds.In November last year, it filed a trio of lawsuits, one against SkyBridge Capital and its founder, Anthony Scaramucci, to recoup funds spent by former FTX CEO Sam “SBF” Bankman-Fried on sponsorship and investment deals. Another suit was filed against crypto exchange Binance and its former CEO, Changpeng Zhao, to recover $1.76 billion worth of cryptocurrency sent to the exchange as part of a July 2021 repurchase deal.Waves founder Aleksandr Ivanov is also in the crosshairs for $80 million worth of crypto sent to the Waves-based decentralized liquidity protocol by Alameda Research in 2022.Magazine: Crypto fans are obsessed with longevity and biohacking: Here’s why
Welcome to the Ethereum Daily General Discussion on r/ethereum https://imgur.com/3y7vezP Bookmarking this link will always bring you to the current daily: https://old.reddit.com/r/ethereum/about/sticky/?num=2 Please use this thread to discuss Ethereum topics, news, events, and even price! Price discussion posted elsewhere in the subreddit will continue to be removed. As always, be constructive. – Subreddit Rules Want…
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Key Takeaways: Bitcoin briefly touched $82,056 after the U.S. CPI report that showed cooling inflation, sparking expectations of rate cuts. The rally was short-lived, though, as investor enthusiasm was tempered by escalating trade war tensions between the U.S. and China. BNB and Dogecoin outperformed Bitcoin, rising over 5% as money poured into altcoins. Bitcoin’s future…
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