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Showing posts with the label institutional adoption

Sui ETF Hits Nasdaq: 21Shares Sparks 50%+ Rally to $6

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Sui ETF developments have reached a crucial milestone as 21Shares officially files with Nasdaq to list the first spot Sui ETF in the United States. This regulatory filing has triggered significant cryptocurrency market volatility around SUI tokens, with current investment risks being weighed against the potential for substantial gains. Early SUI price prediction models suggest the token could reach $6 by summer, representing a potential 50%+ rally from current trading levels amid ongoing Nasdaq listing procedures. BREAKING: 21Shares files the first-ever SUI ETF on Nasdaq! The filing, under Section 19(b)(2) of the Securities Exchange Act, marks a key step toward potential SEC approval. Bullish for $SUI! pic.twitter.com/IA3Dyk1QdS — Coin Bureau (@coinbureau) May 27, 2025 Navigating Sui ETF Nasdaq Listing Amid Cryptocurrency Market Volatility Source: X 21Shares Leads Historic Sui ETF Filing Wave The financial landscape shifted dramatically on May 27, 2025, when 21Shares submitted its For...

Bitcoin up over 580% since Joe Rogan guest claimed it had ‘no intrinsic value’

When geopolitical analyst Peter Zeihan appeared on the Joe Rogan Experience , he made headlines for calling Bitcoin fundamentally worthless, stating that it had “no intrinsic value” and was “actually worth negative $1,000.”  At the time, Bitcoin was trading at around $16,000 on January 7, 2023. “It has another $17,000 to go down,” Zeihan said during the podcast. “There’s no intrinsic value to this product.” He argued that the rise of crypto was more ideological than financial. “Whenever you invest based on an ideology, you’re going to make some decisions that are a little divorced from math,” he added.  Zeihan described the crypto movement as a belief system rooted in decentralization:  “The people who really like crypto are convinced that it’s the currency of the future, that a decentralized ledger is the way to go, and that anything controlled by a government entity is by definition negative. And if it’s done by the private ...

XRP open interest nears monthly high

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Summary ⚈ XRP open interest nears monthly high with over 1.5 billion positions on May 8. ⚈ SEC settlement agreement fuels XRP’s price surge to $2.37, up 6.81% in 24 hours. ⚈ XRP targets $2.40 next, with potential range-bound trading between $2.58 and $2.75. XRP open interest, which measures the number of derivatives positions open at any given time, is close to a 1-month high. As of May 8, there were slightly more than 1.5 billion such positions open — 1,509,021,450, to be exact. This represents a 13.37% surge from the roughly 1.3 billion (1,330,942,764) positions that were open a day earlier, according to data analyzed by Finbold and retrieved from market data platform CryptoQuant. XRP open interest 1-month charts. Source: CryptoQuant This high degree of interest in speculative XRP positions could soon surpass the present 1-month high, reached on April 28, which totalled 1,521,467,165 positions, just 0.82% above the May 8 reading. XRP prices and ope...

Google’s Gemma 3 AI sets Bitcoin price for Easter, 2025

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Bitcoin (BTC) has been underperforming the bullish expectations of late 2024 throughout the first quarter (Q1) of 2025.  Specifically, after briefly hitting new all-time highs (ATH) above $109,000, the world’s premier cryptocurrency retraced significantly. In the year-to-date (YTD) chart, BTC is 11.98% in the red and is changing hands at $82,264. Though the performance has been lackluster, recent developments – the 5.84% recovery from March 11 lows near $77,500 to be precise – have rekindled some hope that the coin could be positioning for an imminent rally. Picks for you 51nodes partners up with World Mobile to work on blockchain infrastructure 2 hours ago AP3X token gets listed on MEXC’s global crypto exchange ...