NYSE Arca seeks to convert Grayscale's XRP Trust into a spot ETF, with Coinbase Custody and BNY Mellon handling key roles.

On-chain data shows the Ethereum Market Value to Realized Value (MVRV) Ratio has just seen a signal that could prove to be bearish for ETH's price. Ethereum MVRV Momentum Has Witnessed A Bearish Crossover As pointed out by analyst Ali Martinez in a new post on X, the Ethereum MVRV Ratio has declined under its 160-day moving average (MA) recently.

Grayscale filed a 19b-4 Form with the New York Stock Exchange (NYSE) to trade its XRP Trust on Jan. 30, which equates to converting the product to an exchange-traded fund (ETF). The trust was introduced on Sept.

After a recent explosive rally, XRP has calmed down and is currently trading at $3.10. Although momentum appears to be slowing down, the asset has managed to maintain its position above important support levels.

Texas is poised to be at the forefront of cryptocurrency adoptions through its ambitious legislative proposal. Lieutenant Governor Dan Patrick has an ambitious plan to set up a Bitcoin reserve for the state as part of his legislative priorities in 2025.

Michael Saylor is everywhere, and now he's on the cover of Forbes in an issue released Jan. 30. The 59-year-old CEO of MicroStrategy was pictured grinning under the bold title, “The Bitcoin Alchemist,” an iconic and very fitting name.

Illinois has proposed a plan to hold Bitcoin in a state fund for at least five years before selling or using it. The bill is still being reviewed.

Bitcoin bull Michael Saylor is now recognized as “The Bitcoin Alchemist” by Forbes Magazine.

The SEC approved a filing from NYSE Arca to list and trade shares for Bitwise's combined bitcoin and Ethereum exchange-traded fund.

The XRP Ledger (XRPL) has activated the AMMClawback amendment, a major update to improve the regulatory compliance of its Automated Market Maker (AMM) pools. The upgrade, which achieved 91.43% consensus from validators, ensures token issuers have control over assets deposited in liquidity pools under specific conditions.

The fund gives investors exposure feature exposure to both spot bitcoin and ether, weighted by market capitalization.

ECB President Christine Lagarde has dismissed Bitcoin as a reserve asset, citing concerns over liquidity, security, and regulatory risks, despite a recent 25-basis-point interest rate cut to 2.75% aimed at stabilizing the economy. The post ECB President Christine Lagarde Rejects Bitcoin for EU Reserves appeared first on Cryptonews.

Odin.fun is a launchpad and trading platform for Bitcoin's Runes tokens. Can it supercharge the Bitcoin meme coin ecosystem?

The recent departure of former SEC Chair Gary Gensler has optimism fresh optimism in the cryptocurrency community regarding the potential approval of spot crypto exchange-traded funds (ETFs). With filings for ETFs for altcoins like XRP, Solana, and Litecoin, the future of such products now hinges on regulatory clarity.

The crypto market is back up again after a recent decline like clockwork, and prices are starting to push up once more. Interestingly, this renewed momentum has seen Dogecoin open interest flipping from a negative threshold into a positive one.

Crypto analyst Ted has given his Ethereum price prediction, revealing when ETH will rally to as high as $10,000. This provides a bullish outlook for the second-largest crypto, which has underperformed for a while now.

The country's giant sovereign wealth fund holds over $500 million in Microstrategy shares and similar stakes in other bitcoin-focused companies such as Coinbase. Norwegian Pension Fund Increases Its Bitcoin Exposure by 153% The $1.

The Dogecoin and Shiba Inu prices are rising today, sparking a bullish sentiment among investors. This comes following the massive wave of sell-offs earlier in the week, which led to a significant decline for the foremost meme coins.

The integration is supported by Taproot Assets, a network that enables interoperability between stablecoins and other assets on the Bitcoin network.

On Jan. 30, NYSE Arca, a New York Stock Exchange subsidiary, filed the paperwork to transform Grayscale's $16.1 million XRP Trust into a spot exchange-traded fund (ETF). According to the filing, Coinbase Custody Trust Company, LLC will act as the official custodian, while BNY Mellon Asset Servicing takes charge of administration and transfer duties.

Tether's USDt joins Bitcoin's Lightning Network for faster, low-cost transactions, enhancing financial applications and global reach. The post Tether integrates USDt on Bitcoin's Lightning Network appeared first on Crypto Briefing.

Bitcoin kicked off 2025 with a bang, but a fresh set of factors needs time to congeal before BTC price can chase new highs.

Bitcoin's rise to fame has been marked by unpredictable swings. For years, the world's most popular cryptocurrency has followed a four-year cycle of rapid growth followed by sharp crashes.

Retail investors are starting to take excessive risk in derivative markets but they could be right!

Amid the recent price decline, XRP, the native token of Ripple Labs, has formed a bullish price action pattern and is poised for a double-digit price rally. Today, January 31, 2025, the overall cryptocurrency market seems to be recovering, including Bitcoin (BTC) and Ethereum (ETH), but XRP appears to be struggling.

The largest stablecoin is integrating with the Bitcoin network, Tether Paolo Ardoino announced at a Bitcoin conference in El Salvador.

Stablecoins are increasingly popular for everyday uses like payments, remittances and savings, and Tether's expansion aims to spur activity to the Bitcoin-based ecosystem.

South Dakota Representative Logan Manhart made two new legislative proposals on Jan. 30 aimed at incorporating Bitcoin (BTC) into the state's investment strategy. House Bill 1202 (HB 1202) would allow the state to allocate 10% of its public funds to Bitcoin.

The stablecoin issuer's choice to bring USDT back to Bitcoin is a massive win for the Lightning Network and Joltz's bet on Taproot Assets.

Ethereum's reserves have dropped to a six-year low, reflecting a noticeable shift in market dynamics as buying pressure increases across spot exchanges. This shift has become particularly important given the uncertainty in the broader cryptocurrency market.

The chances of a European central bank holding Bitcoin reserves have just increased, despite comments from ECB President Christine Lagarde stating that the asset is unsuitable.

Grayscale filed a 19b-4 application to create an XRP ETF. The firm has been petitioning the SEC for several new ETF products in recent weeks, and it's far from alone in doing so.

The Czech National Bank (CNB) announced plans to explore the potential inclusion of Bitcoin (BTC) in its reserve assets on Jan. 30. The move comes despite European Central Bank (ECB) President Christine Lagarde's vocal opposition to central banks holding the crypto.

Amid increasing anticipations of the United States' potential implementation of its Bitcoin strategy, new states are introducing BTC proposals. The US State of Montana has become the latest to join the US rally to adopt a strategic Bitcoin reserve.

How does Tesla's $600 million Bitcoin gain fit into the bigger picture of corporate crypto adoption?

Crypto flagship asset, Bitcoin currently struggles with upside momentum following a recent sharp rundown in the general market, and facing significant resistance at the $103,000 level. Despite the waning price performances, profitability has been increasing, with a considerable amount of the coins now in profit.

A widely followed crypto analyst says that one rival of smart contract platform Solana (SOL) is waiting in the wings before making its next move to the upside while updating his outlook on Bitcoin (BTC).

On today's episode of CNBC Crypto World, bitcoin gets a boost to $105,000 after the Fed keeps rates unchanged. Tesla reports a $600 million jump in net income after a mark-to-market adjustment on its bitcoin holdings.

Grayscale Investments has submitted a proposal to convert its XRP (CRYPTO: XRP) Trust into an exchange-traded fund at the New York Stock Exchange. The move comes as part of a broader effort by asset managers to introduce regulated investment vehicles for digital assets.

Bitcoin (BTC) saw a notable bounce of 4% after reacting to the recent Federal Open Market Committee (FOMC) meeting. Initially dropping to $101,365 in response to the Fed's decision to keep interest rates unchanged, BTC quickly recovered to $104,797.

European Central Bank (ECB) President Christine Lagarde does not expect any EU country to adopt a Bitcoin reserve, reflecting strong skepticism about cryptocurrency's role in central bank reserves.

Experts warn that a bitcoin-only reserve poses concentration risks and exposes the U.S. to potential volatility. Two experts urge the U.S. administration to diversify its crypto stockpile to build a resilient digital reserve and reduce systemic risks. Ripple vs. Bitcoin Maximalists The establishment of a bitcoin-only reserve poses concentration risks and exposes the U.S.

Bitcoin trades above $100,000, but investors' “unit bias” and the rise of spot BTC ETFs have drastically decreased retail investors' presence in the market.

Dogecoin (DOGE), the popular and largest meme coin in the cryptocurrency space, appears to be shifting towards a bullish trend after several days in a downtrend. As of January 30, 2025, along with other major assets, DOGE seems to be recovering, forming a bullish price action.

Tesla's latest financial report for Q4 2024 reveals a significant $600 million gain from its Bitcoin holdings, which have now exceeded $1 billion in value, thanks to a new accounting rule. The change in the Financial Accounting Standards Board (FASB) guidelines allows companies to report their crypto holdings at market value, offering a clearer picture of their financial standing.

A subsidiary of the New York Stock Exchange made its move on Thursday to convert Grayscale's XRP Trust to a spot exchange-traded fund.

Canadian Bitcoin developer Peter Todd, who gained mainstream prominence last year after being identified as Satoshi Nakamoto in a controversial HBO documentary, has opined that Bitcoin "did not win" in El Salvador after the country's major U-turn.