SOL Strategies Inc. has filed a preliminary short form base shelf prospectus with Canadian securities regulators. This filing allows the company to raise up to $1 billion in future offerings. Consequently, post the announcement Solana price has recovered, climbing above $178. SOL Strategies Files $1 Billion Shelf Prospectus SOL Strategies Inc. which focuses on investing in the Solana blockchain ecosystem, has submitted a preliminary shelf prospectus to securities regulators throughout Canada. The filing allows the company to issue common shares, warrants, subscription receipts, units, debt securities or a combination thereof. Subject to final approval, these offerings could raise up to $1 billion in total capital. The company stated that this filing enhances its financial flexibility to seize growth opportunities in the Solana ecosystem. However, SOL Strategies currently has no immediate plans to issue securities under this prospectus. Any future offerings will be detailed in a prospectus supplement filed with the… Read More at Coingape.com
The Sui (SUI) ecosystem has experienced significant headwinds in the past few days following the Cetus Protocol (CETUS) hack. While the Sui validators stopped the majority of the stolen funds from being swapped into different chains, the network has been criticized for its centralized governance.
In a bid to ensure transparency and retain users’ trust, the Sui network has prepared an on-chain vote involving the users and validators. In the next seven days, the community will be voting on whether to undertake a network upgrade to recover the $162 million stolen by the hacker but was frozen on-chain.
Meanwhile, the Cetus Protocol announced that the Sui Foundation has offered a loan to cover the remaining $60 million, thus guaranteeing all affected users will be made whole again.
Sui Price Signals Short-term Rebound
Following the announcement, SUI price gained over 5 percent in the past 24 hours to trade about $3.68 on Tuesday, during the late North American trading session. The announcement also positively impacted the Cetus Protocol, whereby CETUS price rallied over 17 percent in the past 24 hours to trade at about $0.1527 at the time of this writing.
From a technical analysis standpoint, SUI price has been preparing for a bullish continuation in the past three weeks. Furthermore, the large-cap altcoin, with a fully diluted valuation of about $36.8 billion and a 24-hour average trading volume of around $1.3 billion, has established a macro-rising trend since late 2023.
In the daily timeframe, SUI price has been consolidating in a falling symmetrical channel, potentially a bullish continuation pattern. Following today’s bullish rebound, from the lower border of the falling symmetrical channel, Sui price is well positioned to rally towards a new all-time high in the near term.
The post Sui Price Analysis: Bullish Momentum Rises After Sui Foundation Loans Cetus Protocol appeared first on Coinpedia Fintech News
The Sui (SUI) ecosystem has experienced significant headwinds in the past few days following the Cetus Protocol (CETUS) hack. While the Sui validators stopped the majority of the stolen funds from being swapped into different chains, the network has been criticized for its centralized governance. In a bid to ensure transparency and retain users’ trust, …
Ripple (XRP) has maintained an average trading price of $2 over the last 30 days. With spot ETF applications in progress and the long-standing SEC lawsuit near resolution, corporate interest in XRP is on the rise . This year, high-net-worth individuals and institutional investors have been active within XRP markets, drawn by regulatory clarity and long-term utility prospects.
On-chain data reveals exactly how much a new whale would need to invest to join Ripple’s richest holders in April 2025.
XRP Traders Must Invest $1.8 Billion to Join Ripple’s Richest Whale Cohort
Ripple (XRP) has navigated significant volatility this year. Over the last week, escalating geopolitical tensions, including the ongoing U.S. trade war, have triggered a broad sell-off across traditional and crypto markets.
Despite the market drawdown, Ripple price continues to show relative strength, currently trading around $1.83—a 10% pullback from last week’s $2.20 high.
On-chain data shows wallets holding 1 billion XRP coins or more—have been actively buying the dip. Santiment’s Supply Distribution chart confirms that is the largest cohort of XRP holders.
Ripple (XRP) Whale Wallet Balances, April 2025 | Source: Santiment
As of April 2025, a new entrant would need to invest $1.8 billion to acquire 1 billion XRP and enter this elite class. Presently, only 160 wallet addresses belong to the class, and they collectively hold 24.7 billion XRP.
A closer look at the chart shows that the whales had recently increased their aggregate holdings by another 1 billion, increaseing their holdings from 23.7 billion XRP on March 27 to reach 24.7 billion XRP coins at press time on April 8.
Essentially, in the last 14-days XRP richest whales cohort capitalized on the ongoing market dip to acquire 1.1 billion XRP worth approximately $2 billion. This affirms the narrative that XRP continues to attract whale demand despite market turbulence surround the US trade war.
3 Reasons Billionaire Traders Continue Buying XRP Despite US Trade War
Despite broader market weakness, billionaire XRP holders are doubling down. The combination of ETF filings, regulatory clarity, and strategic acquisitions continues to reinforce long-term confidence. This whale accumulation signals expectations of an XRP rebound, driven by institutional utility, legal closure, and new market integrations.
XRP Spot ETF Filings in Progress
One of the most pivotal developments supporting the upward trajectory is the progress toward a spot ETF. While Bitcoin and Ethereum ETFs have dominated headlines, Ripple’s applications have quietly advanced.
Multiple asset managers are preparing XRP ETF filings, backed by recent legal clarity and Ripple’s expanding institutional footprint.
The prospect of a regulated investment vehicle could attract billions in fresh capital from pension funds, wealth managers, and other historically risk-averse institutions.
Analysts believe an XRP ETF approval would immediately increase market depth and price stability for XRP, while also amplifying its status as a leading altcoin.
This development is a key factor driving current accumulation among rich XRP investors.
2. Trump Included XRP in Strategic Crypto Reserve
In a surprising policy move, the Trump announced a crypto strategic reserve proposal on March 2, including XRP as a component asset along with BTC, ETH, ADA and SOL.
This reserve is being framed as part of a financial infrastructure initiative to boost U.S. Treasury and ease mounting national debt.
Ripple’s low transaction costs and global remittance use-case likely influenced the decision. The endorsement from a major political entity adds institutional legitimacy and opens the door to wider regulatory acceptance. The news has spurred bullish sentiment among politically aligned investor groups, which explains the rising whale demand in recent weeks.
3. Ripple Pays $1.25 Billion to Acquire Prime Broker Hidden Road
Ripple has confirmed a $1.25 billion deal to acquire Hidden Road, a leading digital asset prime broker. This acquisition signals Ripple’s aggressive push to dominate institutional crypto finance. Once completed, Ripple will become the world’s largest non-bank prime broker for digital assets.
The acquisition expands Ripple’s capabilities in stablecoin liquidity, cross-border settlements, and institutional custody. Hidden Road’s infrastructure will also accelerate Ripple’s integration with global financial institutions.
Industry experts see this deal as transformative, positioning Ripple to rival traditional brokers like Goldman Sachs in the crypto-native space. Combined with the ETF push, this move aligns with Ripple’s strategic goal of capturing the institutional market.
In Summary
The recent $2 billion accumulation by XRP’s wealthiest cohort appears a calculated bet on positive long-term price prospects amid Trade war tension.
As a decentralized asset with no physical operations or supply chain vulnerabilities, Ripple could offer large investors and high-net-worth traders a relative flight-to-safety option.
Thursday April 10. However it remains to be seen of the global cryptocurrency sector will decouple as the bearish sentiment surrounding stocks and commodities markets intensify,
Traders are now watching out for the US and China’s inflation reports, both slated for Thursday, April 10.
Binance Futures is launching LDUSDT, a reward-bearing margin asset based on Tether’s popular stablecoin. This product will focus on offering flexibility to the user, who can trade LDUSDT while reaping APR rewards.
This is the second product of this nature that Binance Futures has offered following its BFUSD launch last November. LDUSDT is scheduled to launch this month, and its success may encourage similar margin offerings in the future.
Binance Futures added another such asset today: LDUSDT, a reward-bearing margin asset that lets users earn APR rewards from Simple Earn USDT Flexible Products.
“After the launch of our first reward-bearing margin asset BFUSD was positively received by users, we are pleased to introduce yet another product to bring more utility to our users. LDUSDT increases capital efficiency for users and lets users put their assets to work for them,” Jeff Li, VP of Product at Binance, said in an exclusive press release shared with BeInCrypto.
Binance’s new asset is based on Tether’s USDT, the world’s leading stablecoin, but LDUSDT is a totally different asset. Its main focus is on giving Binance users more flexibility, as they can trade this asset while continuing to reap passive income from APR.
This option is available to all users that have USDT on Binance Earn’s Simple Earn Flexible Products. LDUSDT is Binance’s second reward-bearing non-stablecoin margin asset, following BFUSD, which was launched last November.
Although the firm recently delisted USDT from its European operations due to regulatory concerns, this product is centered around the popular stablecoin.
According to the announcement, the exchange will launch LDUSDT “soon” without a specific release date. The exclusive press release claimed that the asset will be released sometime this April.
The company did not indicate whether it would offer more margin assets like this in the future. However, LDUSDT gives Binance Futures’ users a huge level of flexibility, which will hopefully encourage users to experiment.
A success here could encourage the firm to follow this up with similar products in the future.
