Crypto News
CME’s XRP Futures Have Pulled In Nearly $30M Since Debut, Fueling XRP ETF Hopes
XRP futures contracts on the Chicago Mercantile Exchange (CME) recorded over $19 million in notional trading volume on their first day and at least $10 million on Tuesday, data shows.The inaugural trade, a block transaction, was cleared by Hidden Road on May 18. CME's XRP futures are available in two sizes: standard contracts representing 50,000 XRP and micro contracts representing 2,500 XRP. Both are cash-settled and benchmarked to the CME CF XRP-Dollar Reference Rate, calculated daily at 15:00 UTC. Standard contracts bagged a volume of 7.5 million XRP on Monday and 2.95 million XRP on Tuesday, while micro contracts did 517,000 XRP on Monday and at least 1.2 million XRP on Tuesday.Market participants see the launch of these regulated futures...
$100K BTC, 8th Time’s the Charm
Last week the crypto market didn’t just ride on bitcoin’s coattails—it ran with it. As bitcoin smashed through the $100,000 mark (again), ethereum, solana, and a host of altcoins followed suit. This editorial is from last week’s edition of the Week in Review newsletter. Subscribe to the weekly newsletter to get the editorial the secondSource link
Analyst Calls Pi Network ‘Biggest Rug of 2025’ After Token Dump
Crypto analyst Atlas has labeled Pi Network as 2025’s biggest rug pull after a 12 million-token dump crashed Pi’s price by 50%. The anonymous sell-off occurred days after Pi surged to $1.60 on speculation, sparking allegations of insider manipulation. Speculation Fueled Pi Network’s Recent Rally An onchain analyst and critic known as Atlas on XSource link
Texas House Advances Bitcoin Reserve Bill With Bipartisan Backing
Texas lawmakers voted 105-23 to advance Senate Bill 21, a crypto reserve measure that could influence the state’s approach to digital assets.Source link
Bitcoin Sets Record Daily Close With $110K as the Next Level to Watch for BTC
Although bitcoin (BTC) can be traded 24/7 its candles open and close daily similar to foreign exchange markets. The latest data from TradingView shows Tuesday's candle ended (UTC) at $106,830, the highest-ever daily closing price.The bullish move came as investors poured money into the spot exchange-traded funds (ETFs) amid chaotic price action in bond markets that suggested heightened concerns about the fiscal health of major economies, including the U.S.Analysts told CoinDesk last week that the worsening fiscal debt situation could bode well for BTC and other assets such as gold.The Coinbase Bitcoin Premium Index, which measures the percentage difference between the price of Bitcoin on Coinbase Pro (USD pair) and the price on Binance (USDT trading pair), remained positive, indicating...