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Something Big Coming For XRP? Ripple Engineer Reveals Major Development

The post Something Big Coming For XRP? Ripple Engineer Reveals Major Development appeared com. Something Big Coming For XRP? Ripple Engineer Reveals Major Development | Bitcoinist. com Sign Up for Our Newsletter! For updates and exclusive offers enter your email. Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain. This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy. I Agree Source:.

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Bitwise launches XRP ETF despite a 25% Q4 slide – Smart bet or mistimed risk?

The post Bitwise launches XRP ETF despite a 25% Q4 slide Smart bet or mistimed risk? appeared com. Key Takeaways Why is Bitwise launching the XRP ETF strategic? It’s a long-term bet on XRPL’s infrastructure, not short-term XRP price moves, highlighting institutional confidence despite market pullbacks. Can Ripple replicate BTC-style ETF success? Unlikely in the short term, given the risk-off market, Ripple’s weak price action, and muted ETF-driven rallies so far. Bitwise has officially launched Ripple’s XRP Spot ETF. For context, the fund will charge a management fee of 0. 34%. However, the first month is free for the first $500 million in assets. This means early investors can join for free as long as total assets remain under $500 million. XRPL positioned as a long-term payments play Strategically, however, the story goes much deeper. In its official announcement, Bitwise highlighted how XRPL is integrating into the payments market, aiming to hit $250 trillion in value by 2027. “The Bitwise XRP ETF is set to begin trading on NYSE tomorrow with the ticker RP. Here’s why XRP is interesting: It’s going after a massive $250T cross-border payments opportunity.” In essence, this launch is a long-term bet on XRPL. Bitwise pointed out it’s the third-largest L1 blockchain, able to settle payments in 3-5 seconds for just a fraction of a cent, and has handled over 4 billion transactions with an average daily volume of $1. 9 billion. Notably, this marks Bitwise’s second big 2025 bet. The Solana [SOL] ETF has already attracted $223 million in just two weeks, reflecting the firm’s confidence in real-world blockchain use cases. The question now is, can Ripple [XRP] replicate the success of other ETFs? XRP diverges from other ETF performance This season hasn’t seen an ETF launch frenzy. SOL’s first ETF attracted nearly $500 million in inflows, yet its price hasn’t held. Solana is still the quarter’s weakest performer, down 30%+. XRP isn’t far behind,.

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Where and when to watch Iowa football’s home finale against Michigan State

After blowing a 21-10 halftime lead and losing to USC last weekend, the Iowa football team returns to Kinnick Stadium for its home finale against struggling Michigan State. The Spartans enter the contest with a 3-7 record including 0-7 in Big Ten play leaving some to question the status of second-year head coach. The post Where and when to watch Iowa football’s home finale against Michigan State appeared first on The Daily Iowan.

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Ethena Labs Withdraws $78.66M Amid Market Pressure

The post Ethena Labs Withdraws $78. 66M Amid Market Pressure appeared com. In a surprising market move that’s capturing attention across the cryptocurrency space, an address linked to Ethena Labs has executed a massive ENA token withdrawal worth nearly $80 million. This substantial movement of the ENA token comes at a critical time when the digital asset faces significant market pressure and declining prices. What Does This Massive ENA Token Withdrawal Mean? According to recent on-chain data from Onchain Lens, the Ethena Labs-associated address pulled 260. 15 million ENA tokens from Bybit and Coinbase Prime over a two-week period. The total value of this ENA token movement reached $78. 66 million, creating substantial waves in the cryptocurrency community. Currently, this ENA token holding sits at an unrealized loss of approximately $12. 1 million, highlighting the challenging market conditions. Understanding the Current ENA Token Market Situation The timing of this ENA token withdrawal raises important questions about market strategy and future expectations. CoinMarketCap data shows the ENA token trading at $0. 2556, representing a 6. 11% decline over the past 24 hours. This ENA token price movement reflects broader market trends while also suggesting specific pressures on the project’s native cryptocurrency. Several factors could explain this substantial ENA token movement: Strategic repositioning of ENA token holdings Risk management during market volatility Preparation for future developments involving the ENA token Response to market conditions affecting ENA token value Why Should Investors Care About This ENA Token Movement? Large-scale movements of the ENA token by project-associated addresses often signal important developments ahead. When substantial amounts of ENA token leave exchanges, it typically reduces immediate selling pressure. However, the current unrealized loss on this ENA token position indicates the complex dynamics at play in today’s cryptocurrency markets. The ENA token withdrawal represents one of the largest recent movements in the project’s history. Market analysts are closely watching how this ENA token.

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Iowa quarterback Mark Gronowski reflects on lone season with the Hawkeyes

On Jan. 7, 2025, former South Dakota State quarterback Mark Gronowski announced his intention to transfer to Iowa for his final season of eligibility. The announcement sent Hawkeye fans into pure euphoria, knowing they finally landed a competent quarterback. Gronowski turned down an opportunity to enter the NFL Draft after his senior season at South. The post Iowa quarterback Mark Gronowski reflects on lone season with the Hawkeyes appeared first on The Daily Iowan.

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Bitcoin Price Crashes Under $90K, Triggering Fresh Fears of Deeper Weakness

Bitcoin price started another decline below $90,000. BTC is now showing bearish signs and might struggle to recover above $88,5000. Bitcoin started a fresh decline below $92,000 and $90,000. The price is trading below $90,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $91,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it settles below the $90,000 zone. Bitcoin Price Dips Further Bitcoin price failed to stay in a positive zone above the $90,000 level. BTC bears remained active below $88,800 and pushed the price lower. The bears gained strength and were able to push the price below the $87,500 zone. A low was formed at $85,276, and the price is now consolidating losses below the 23. 6% Fib retracement level of the recent decline from the $92,872 swing high to the $85,276 low. Bitcoin is now trading below $90,000 and the 100 hourly Simple moving average. Besides, there is a bearish trend line forming with resistance at $91,500 on the hourly chart of the BTC/USD pair. If the bulls attempt another recovery wave, the price could face resistance near the $87,000 level. The first key resistance is near the $89,000 level and the 50% Fib retracement level of the recent decline from the $92,872 swing high to the $85,276 low. The next resistance could be $91,000 and the trend line. A close above the $91,000 resistance might send the price further higher. In the stated case, the price could rise and test the $92,500 resistance. Any more gains might send the price toward the $93,200 level. The next barrier for the bulls could be $94,500 and $95,000. More Losses In BTC? If Bitcoin fails to rise above the $90,000 resistance zone, it could start another decline. Immediate support is near the $85,500 level. The first major support is near the $85,000 level. The next support is now near the $83,200 zone. Any more losses might send the price toward the $82,500 support in the near term. The main support sits at $80,000, below which BTC might accelerate lower in the near term. Technical indicators: Hourly MACD The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) The RSI for BTC/USD is now below the 50 level. Major Support Levels $85,500, followed by $85,000. Major Resistance Levels $87,000 and $89,000.

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