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Eric Trump has announced that World Liberty Financial (WLFI) will acquire a substantial stake in the $TRUMP meme coin as part of its long-term treasury strategy. This decision follows a recent clash over the development of a Trump-branded crypto wallet, which has now been discontinued. World Liberty Financial Strategic Step in $TRUMP Meme Coin In
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Ethereum Layer-2 protocol Arbitrum has launched Converge, a new blockchain designed to serve as a settlement layer for tokenized real-world assets (RWAs) and on-chain finance. Created by Ethena Labs and Securitize, Converge aims to bring billions of dollars in stable assets into decentralized finance (DeFi).
The Ethereum layer-two (L2) scaling solution revealed that Converge was specifically developed to support the tokenization of real-world asset and related financial applications.
Per the update, the network will use Celestia’s modular data availability layer, which ensures faster, more reliable data processing. Two key stablecoins, USDe and USDtb, will serve as gas tokens, providing stability in transaction fees.
Converge, the next Arbitrum chain.
Built by @ethena_labs and @securitize, @convergeonchain will serve as the settlement layer for onchain finance & RWAs w/ @celestia underneath.
$7b in dollarized asset liquidity such as USDe and Blackrock BUIDL will be ready to flow into DeFi. pic.twitter.com/bVJ6ylM0c3
— Arbitrum (@arbitrum) April 17, 2025
Initially, the chain will operate with 100ms block times, with upgrades planned to bring block times down to just 50ms. Validators will secure the network using sENA. In addition to this, Converge will host major decentralized finance applications. These include DApps such as Ethereal DEX, with plans for more appchains.
Furthermore, the planned Stylus upgrade will allow developers to write smart contracts using Solidity, Rust, C, and C++. This broader programming language support ensures more efficient and scalable application development.
The assets of Ethena Labs, worth $5 billion, and those managed by Securitize, totaling $2 billion, will be moved onto Converge. Per the design, this will significantly boost its liquidity.
Beyond Arbitrum, it is worth noting that Layer 2 solutions have seen growing adoption. For example, Ethereum Mainnet averaged just 14.10 User Operations Per Second (UOPS) last year.
In comparison, Base achieved 83.99 UOPS, peaking at 155.44 on January 1, 2025. It processed over 221 million operations in 30 days, the highest among L2 networks per L2Beat data.
Arbitrum One recorded a 35.9% decline in 30-day usage, with current UOPS at 21.71. Despite this, the network’s infrastructure remains a strong contender, and rollup activity saw a surge towards the end of 2024, showing growing trust in L2 solutions.
Recent reports indicate that U.S.-based trading platform Robinhood has added Arbitrum (ARB) to its list of tradable cryptocurrencies. The listing led to a 14% price rally for the Ethereum layer-2 network.
As of this publication, CoinMarketCap shows the Arbitrum price was trading at $0.2808, with a slight 0.11% positive change in the past 24 hours. Additionally, trading volume has risen by 6.84%, reaching approximately $115.38 million.
Based on market perception, the launch of Converge could drive more interest and engagement, which may positively impact ARB’s price in the near future.
Beyond Converge, the next major development being watched is the Ethereum Pectra upgrade, which is billed to go live on the mainnet by May 7.
The post Ethereum Layer 2 Arbitrum Unveils New Chain For RWA: Details appeared first on CoinGape.
The Bitcoin market is once again gaining traction as it is experiencing major technical indicators and macro events. The optimism has been boosted by the nomination of pro-Bitcoin economist Stephen Miran by President Donald Trump to the Federal Reserve Board. The revival of historical trends, including the golden cross, and changes in policies have increased
The post Analyst Predicts Bitcoin Price Surge as Historical Bullish Signal Returns — Can BTC Hit a New All-Time High? appeared first on CoinGape.
XRP is up 15.4% over the past 30 days but has dropped 8.6% in the last four, highlighting growing short-term pressure. Despite the monthly gains, XRP remains the third-worst-performing asset among the top 20 cryptocurrencies, outperforming only BNB and TRX during this period.
Momentum indicators like RSI are attempting to stabilize, but the formation of a red Ichimoku cloud and weakening EMA structure raise concerns. With key resistance levels overhead and a possible death cross forming, XRP faces a pivotal moment in determining its next direction.
XRP’s Relative Strength Index (RSI) has rebounded to 47.52, rising sharply from yesterday’s 35.18 after a steep decline from 65.76 four days ago and a recent peak of 74.22 six days ago.
This rapid swing reflects a shift in momentum after a period of strong selling pressure.
While the RSI is still below the neutral threshold, the move upward may indicate early signs of renewed interest or a short-term relief rally following recent losses.
Recently, US judge Analisa Torres rejected the joint settlement request from the SEC and Ripple, calling it procedurally improper—meaning the original penalties and injunctions remain in place.
The XRP lawsuit continues, with both parties now needing to either refile correctly or resume the appeals process, which could influence its price in the next weeks.
The RSI is a momentum oscillator that ranges from 0 to 100 and helps identify overbought or oversold conditions in the market.
Values above 70 typically suggest an asset is overbought and could be due for a correction, while values below 30 indicate it may be oversold and poised for a bounce.
With XRP’s RSI now sitting near the midpoint at 47.52, the asset is in a neutral zone—neither overbought nor oversold. This could mean price consolidation ahead, or a potential move toward retesting resistance levels if upward momentum builds.
XRP’s Ichimoku chart shows a shift in market structure. After several sessions of weakness, the price tested the blue Tenkan-sen line.
Notably, the cloud ahead has just turned red for the first time in several days—an early warning that bearish pressure could increase.
While the current candle attempts to close above the Tenkan-sen, the broader structure now faces added resistance, especially as the price approaches the lower edge of the cloud.
The narrowing gap between the red Kijun-sen and the price line adds to the short-term tension, reinforcing that bulls must step in now or risk losing momentum.
The cloud’s color shift suggests that upside traction could be limited even if XRP manages to enter the cloud.
If rejection occurs here, the path of least resistance may shift downward, opening the possibility for a new leg of correction.
XRP’s EMA lines are signaling potential trouble ahead, with the short-term averages dropping sharply over the past four days.
A death cross—where short-term EMAs cross below long-term ones—appears increasingly likely if current momentum doesn’t reverse.
XRP price is now hovering near a key resistance zone around $2.40, where both short-term EMAs are converging. A strong breakout above this area could invalidate the bearish setup and open the path toward a potential move to $2.65.
However, failure to reclaim that resistance may leave XRP vulnerable to renewed downside pressure.
The $2.32 level, which held as support in recent sessions, will be critical—if it fails on another retest, the next downside targets lie around $2.15 and $2.07.
With the EMAs turning lower and resistance overhead, XRP must generate significant buying pressure soon to avoid slipping further.
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