China is set to approve the development of the first Yuan stablecoin for internal and external use. According to a report by the Financial Times, China has continued to use Hong Kong as its testbed for cryptocurrency and blockchain products.
After years of curtailing the development of Yuan-backed stablecoins, the Chinese Communist Party (CCP) is keen to explore their feasibility. Furthermore, Tether once attempted the development of an offshore Chinese Yuan (CNH) dubbed CNHT stablecoin in 2018, but it failed to take off.
China’s Stablecoin Bid to Rival U.S. Dollar Dominance
The stablecoin market cap has grown exponentially over the years to reach a record valuation of about $275 billion at the time of this writing. The USD stablecoins, led by Tether’s USDT, have a net valuation of around $271 billion.
The measures made by the United States government to keep the USD a global reserve currency have paid off significantly. As Coinpedia reported, the enactment of the GENIUS Act has enabled more corporations to explore the development of USD stablecoins.
In June this year, Pan Gongsheng, China’s central bank governor, announced that any Stablecoin development in the country must adhere to the country’s specific conditions. Furthermore, China has already implemented its Central Bank Digital Currency (CBDC), which has been under heavy government control.
To begin with, the Chinese government will allow the development of stablecoins through Hong Kong, which has been the country’s crypto testbed since banning operations in mainland China.
Market Impact
The gradual re-opening of the Chinese market to the crypto market and the blockchain technology will have a significant impact in the near future. Notably, China has over the years allowed its citizens to hold crypto assets but not trade, a legal nuance that is expected to change ahead.
Global web3 companies will proliferate into Hong Kong to obtain an operating license. The ultimate impact will be an expedited mainstream adoption of digital assets and blockchain technology.
“This was due to an entity(s) on the Binance perpetuals market. That’s what triggered the entire cascade. The initial drop below $5 was triggered by a ~1 million USD short position being market-sold. This caused over 5% of slippage in literal microseconds. That was the trigger. This seems intentional to me. They knew what they were doing,” the analyst stated.
Pi Network: From Chainlink Buzz to Transparency Fears
Pi Network recorded strong optimism this week as its native Pi Coin surged by double digits. BeInCrypto attributed the surge to the announcement of a key integration with Chainlink.
They pitched this strategic collaboration as a gateway to real-world utility. Specifically, it positioned Pi closer to the broader DeFi and smart contract ecosystem. However, the euphoria proved short-lived.
Allegations suggest that, like the OM token, Pi coin lacks full clarity around circulating supply, wallet distribution, and centralized control. To some, these are potential red flags in an increasingly regulation-sensitive industry.
“The OM incident is a wake-up call for the entire crypto industry, proof that stricter regulations are urgently needed. It also serves as a huge lesson for the Pi Core Team as we transition from the Open Network to the Open Mainnet,” wrote Dr Altcoin.
Pi coin reversed gains within days, falling 18% from its weekly high. At the time of writing, PI was trading at $0.6112, up by a modest 0.7% in the past 24 hours, per CoinGecko.
Grayscale’s Altcoin Shake-Up: 40 Tokens Under Review
This week in crypto also showed that institutional investor interest in altcoins is heating up again, with Grayscale leading the charge.
The digital asset manager unveiled its updated list of assets under consideration for the second quarter (Q2) 2025. BeInCrypto reported that the list featured zero altcoins across sectors such as DePIN, AI, modular blockchains, and restaking. Among the notable tokens being eyed are SUI, STRK, TIA, JUP, and MANTA.
The update reflects Grayscale’s growing thesis around emerging crypto trends, particularly as the firm seeks to expand beyond its core Bitcoin and Ethereum products.
This announcement follows a broader strategic overhaul from three weeks ago when Grayscale reshuffled its top 20 list of altcoins by market exposure. Several older names were dropped at the time, while newer narratives like Solana-based DePIN and Ethereum restaking plays were pushed to the forefront.
The expansion into 40 coins signals Grayscale’s recognition of renewed retail and institutional appetite for differentiated assets. However, inclusion in the list does not guarantee a fund launch. It only indicates Grayscale’s active research.
XRP and SWIFT Partnership: Breaking Down the Rumors
There was speculation this week about a possible partnership between Ripple’s XRP and banking giant SWIFT in crypto.
This narrative was based on a misinterpreted document. A series of cryptic social posts exacerbated the speculation, which some took as confirmation of collaboration between the global payments network and the XRP ledger.
However, BeInCrypto’s in-depth reporting sank the rumors. While Ripple has long pursued banking institutions and SWIFT has shown openness to blockchain innovations, there is no verified partnership between the two.
SWIFT’s public-facing projects around tokenization and digital asset settlement do not include XRP.
Despite the debunking, the rumors sparked an important conversation about XRP’s long-term positioning. The token remains a top-10 asset and a favorite among retail investors banking on utility-driven price appreciation.
With Ripple’s legal battles with the SEC nearing resolution and international CBDC partnerships in the works, the project is far from irrelevant.
US Dollar Dives: What the DXY Crash Means for Bitcoin
The US Dollar Index (DXY) hit a three-year low this week, sending ripples through the crypto markets. Historically, a falling DXY has been bullish for Bitcoin, and this week was no different, with BTC reclaiming above the $84,000 range.
The greenback’s weakness reflects growing fears of fiscal deterioration in the US, as rate cuts loom and Treasury debt soars.
Japan’s 10-year bond yields hit multi-decade highs, forcing the Bank of Japan (BoJ) into increasingly precarious interventions. As Japanese liquidity spills outward, crypto and risk assets have become inadvertent beneficiaries.
This macroenvironment is ideal for Bitcoin. Weakening fiat, rising global liquidity, and crumbling bond market confidence create a perfect storm.
The XRP price took a hit from $2.48 and fell to $2.29 early morning on May 23, when President Donald Trump posted a tweet reigniting trade tensions, showing apparent anger towards the European Union.
On the same day, another shock came from Bloomberg analyst James Seyffart, who confirmed that, according to a May 22 filing, the United States Securities and Exchange Commission (SEC) has again postponed its final decisions on two Exchange Traded Funds (ETFs) filings.
Keep reading to know more, wether XRP price will be affected here onwards or not.
Regulatory Delays and Market Impact
The affected ETFs from recent action of SEC were CoinShares XRP and Litecoin ETFs. However, the SEC has continuously delayed its decisions on the proposals. Now, the dates extend from May 26 to August 24, 2025.
These decisions follow a pattern of the SEC applying longer timelines to examine crypto-based financial products’ risks and legal compliance. While these are not rejections, they represent a regulatory bottleneck that continues to slow the launch of spot digital asset ETFs in the US.
Also, with Canary and WisdomTree’s XRP applications due later this month, the expectation is clear that more delays might be coming in. Crypto ETFs may have started slow, but they’re now dashing their way forward.
Ripple’s XRP is already surrounded by hype after the blockchain firm bagged a partial win against the commission. The recent blows don’t change its long-term price prediction, though, with XRP remaining arguably one of the fundamentally strongest tokens in the market.
XRP price has surged by a massive 360% in the last year, going from trading at $0.51 in November 2024 to around $2.43 on May 23, 2025. In the meantime, it also knocked out the $3 mark back in January 2025. Now, when writing, the XRP price trades at $2.35, slightly recovering from yesterday’s dip of $2.29, which means bulls will not lose to bears that easily.
Whale Activity and Future Projections For XRP Price
Moreover, the on-chain data highlights that the “percent of stablecoin total supply held by whales with over $5 million USD” has risen from 46% to 53% for XRP. This data means that these “whales” are effectively parking a significant amount of capital in stable assets.
This shift is considered bullish for XRP because it implies these major players are building up substantial reserves of deployable capital. They typically use stablecoins as a staging ground, preparing to execute large-volume purchases of assets like XRP crypto when they identify favorable entry points or anticipate upward price momentum.
Their increased stablecoin holdings suggest an intent to inject significant buying pressure into the XRPcrypto market, signaling strong underlying confidence in its future performance and potential for appreciation.
Demand for XRP is, therefore, strong, and with the market still waiting on ten applications for spot-based XRP ETFs in the US, we could see massive moves for the coin later in the year. Based on this, we could see the XRP reach $3 easily by the end of Q2 and $4 by the end of the year.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
The post XRP Price Forecast 2025: Can It Rebound After Recent Dip and SEC Delays? appeared first on Coinpedia Fintech News
The XRP price took a hit from $2.48 and fell to $2.29 early morning on May 23, when President Donald Trump posted a tweet reigniting trade tensions, showing apparent anger towards the European Union. On the same day, another shock came from Bloomberg analyst James Seyffart, who confirmed that, according to a May 22 filing, …
