CME Group is potentially preparing to launch futures contracts for Solana (SOL) and XRP, based on reports and images shared on social media on Jan. 22.
The Chicago Mercantile Exchange (CME) plans to launch futures trading for XRP and Solana (SOL) on February 10, pending regulatory approval, according to a Jan. 22nd X post by Bloomberg ETF analyst James Seyffart. The information comes from a staging version of CME's official website, which hinted at the upcoming release.
The Chicago Mercantile Exchange (CME) is reportedly preparing to introduce futures contracts for Solana and XRP. There's a potential launch date of February 10, contingent on regulatory approval.
Ethereum (ETH) has been underperforming in recent weeks, with its price action leaving investors disappointed following last week's flash crash and heightened volatility. Despite initial hopes for a recovery, ETH has struggled to regain momentum, trending downward since mid-December.
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I'm a bear on crypto. I am not a believer in the ‘bitcoin to a mil this year' group of acolytes.
Pantera Capital general partner and portfolio manager Cosmo Jiang joins CoinDesk to discuss their investment in Solana and the growth of the blockchain in the past year. Plus, recent movements across the crypto market and outlook on the convergence between AI and blockchain.
Ripple's XRP has been experiencing increased activity among its largest investors, with whale deposits surging on Binance. As the broader crypto market faces uncertainty, all eyes are on whether these key holders are preparing to cash out or stay in for further gains.
The CEO of Bitcoin ETF giant BlackRock said that continued adoption of BTC could push the asset's price to a multiple of the current mark.
Lido founder Konstantin Lomashuk shared an X profile called “Second Foundation,” which was created amid discussions about the effectiveness of the Ethereum Foundation's (EF) efforts for the ecosystem. However, Lomashuk clarified that no such entity has been created, and he would share his thoughts on the EF case soon.
BlackRock, the world's largest asset management firm, reportedly purchased $600 million worth of Bitcoin on January 22. This marks its largest acquisition of the crypto this year.
A mysterious “Second Foundation” X account sparked debate about the past and future of the EF and the need to compete.
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Pro-XRP attorney John Deaton recently outlined his vision for critical crypto policies that the White House Crypto Council should prioritize under President Donald Trump's administration. Deaton emphasized several key areas, including repealing SAB 121, establishing a strategic Bitcoin reserve (SBR), and reforming crypto tax policies.
Bitcoin (BTC) inches closer to the $110K level, many are keeping a close eye on its price movements. While Bitcoin continues to be the dominant player in the market, a newer cryptocurrency, Nebula Stride (NST), is making strides in the industry with a unique model that may capture attention.
Solana rallied by 7% on Jan. 22, but a few data points suggest a move to SOL's all-time high could take longer than expected.
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The potential launch of XRP and Solana futures on CME could enhance market liquidity and attract institutional investors, impacting crypto adoption. The post CME leak suggests XRP, Solana futures may debut on February 10 appeared first on Crypto Briefing.
According to the CME, 29.4 million crypto futures contracts were traded in 2024, valued at over $1.7 trillion in notional figures.
BlackRock's Chief Executive Officer Larry Fink confirmed in an interview that he strongly believes in Bitcoin. He also predicted that the asset's underlying price could skyrocket to $700k shortly.
"Bitcoin is a speculative asset, an interesting speculative asset. I don't think there's a lot more to ask about this, though," Solomon said.
The CME's staging website indicated investors could soon access futures contracts for Solana and Ripple's XRP.
SOL also benefited from the same development.
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REX Shares, a financial services company known for its innovative approach to ETFs, recently submitted filings for ETFs tied to a few cryptocurrencies, including Dogecoin. These filings mark a pivotal moment for Dogecoin amidst the current excitement in the crypto market, with the positive sentiment now at a multi-year high.
Brian Armstrong, Coinbase CEO, announced plans to enhance Solana (SOL) support to match Bitcoin and Ethereum. Following the resolution of transaction issues, Coinbase seeks to improve user experience amid Solana's rapid adoption in DeFi, NFTs, and gaming sectors. The post Coinbase CEO Says Solana Backlog Fixed, Plans Tier-1 Support for SOL appeared first on Cryptonews.
XRP price has surged 17% in the last seven days and over 3% in the past 24 hours, reflecting strong recent performance. As the third-largest cryptocurrency behind Bitcoin (BTC) and Ethereum (ETH), XRP boasts a market capitalization nearing $185 billion.
Lido's Konstantin Lomashuk said "no actual second foundation has been created yet," following rumors of a splinter organization.
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During a conversation with Bloomberg's Francine Lacqua at Bloomberg House in Davos, BlackRock CEO Larry Fink has suggested that the price of Bitcoin, the leading cryptocurrency by market cap, could potentially surge all the way to the $700,000 level.
Solana's DEX volume ratio compared to Ethereum has reached an unprecedented 268% in January.
Bitcoin (BTC) has been riding high, teasing new all-time highs (ATH) just after the inauguration of pro-crypto US President Donald Trump. However, Bitcoin's recent price action has raised concerns among traders and analysts, as the flagship cryptocurrency closed Monday in a shooting star candlestick pattern, a potential reversal signal.
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BlackRock's CEO Larry Fink predicts Bitcoin price could hit $700,000 if sovereign wealth funds assign 2-5% of their portfolios to digital currency. During his World Economic Forum discussion in Davos Fink revealed talks with sovereign wealth fund managers about placing 2% to 5% of their money into Bitcoin.
For the past few days, XRP, the native token of Ripple Labs, has been struggling to gain momentum, and data suggests it is likely to continue struggling in the coming days. This negative speculation is based on the recent activity of investors and long-term holders amid ongoing market uncertainty.
BlackRock CEO Larry Fink has suggested that Bitcoin's price could surge to $700,000 if sovereign wealth funds allocate 2% to 5% of their portfolios to the cryptocurrency.
Cryptocurrency markets are trading lower on Wednesday as investors await Donald Trump's executive orders on crypto and his announcement regarding a strategic Bitcoin reserve. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $104,661.95 -2.3% Ethereum (CRYPTO: ETH) $3,266.86 -2% Solana (CRYPTO: SOL) $266.11 +5.4% XRP (CRYPTO: XRP) $3.24 +1.4% Dogecoin (CRYPTO: DOGE) $0.3614 -5.9% Shiba Inu (CRYPTO: SHIB) $0.00002042 -2.8% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 9.6% and daily active addresses up by 1.95%.
American financial services giant, CME Group is making moves to launch an XRP and Solana Futures Exchange Traded Fund (ETF) in the United States. According to circulating report, the CME Group has launched a dedicated page for these new products, highlighting the contract specifications.
Goldman Sachs CEO David Solomon said Wednesday that he sees Bitcoin as a speculative asset rather than as a competitor to the U.S. dollar.
Bitcoin (BTC) is currently testing the critical $100,000 support level on January 21, after a turbulent few days following U.S. President Donald Trump's inauguration. While markets had anticipated that Trump's speech might include mention of cryptocurrencies, his failure to address Bitcoin or any digital asset policies left traders uncertain about future price direction.
In a now deleted "staging subdomain" page CME reported to have said futures contracts for XRP and SOL will go live on Feb. 10.
Chicago-based futures giant CME is launching XRP and SOL futures, pushing these tokens further into the mainstream.
Analysts believe US interest rates will not change, but Bitcoin price could benefit if the Federal Reserve mentions quantitative easing at the next FOMC.
Analysts believe US interest rates will not change, but Bitcoin price could benefit if the Federal Reserve mentions quantitative easing at the next FOMC.
Futures trading for XRP and SOL will go live on the CME on Feb. 10, pending regualrtoy approval, according to the CME Group's staging website.
Recently pardoned Silk Road founder Ross Ulbricht might still have around 430 Bitcoin worth over $47 million across several wallets. According to blockchain researcher Conor Grogan, he has identified several wallets associated with Ulbricht holding the BTC.