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Bitcoin (BTC) remains on track for more gains despite rising tensions between Israel and Iran, according to macro investor Raoul Pal. In a post shared recently, Pal argued that global liquidity explains most of Bitcoin’s price moves. Bitcoin Ignores Geopolitical Tensions, Follows Liquidity Instead The popular macro investor shared a chart that compared Bitcoin with
The post Raoul Pal Explains Why Israel Iran Tensions Is Unlikely To Impact Bitcoin appeared first on CoinGape.
According to Hollywood rumors, Netflix is planning to make a movie based on the 2022 FTX collapse. Julia Garner is rumored to be finalizing negotiations to play Caroline Ellison, but Bankman-Fried’s actor is less certain.
Several outlets have claimed that Evan Peters, who starred in Netflix’s award-winning series DAHMER, is in talks to play SBF. However, this is presumably even less certain than Garner’s role. Graham Moore, an Oscar-winning screenwriter, is also in talks to write the series.
The FTX collapse in 2022 was one of the most dramatic events in financial history, not just crypto. So, it makes sense that Netflix is planning a movie about it. After all, several studios were fighting to get the film rights the same month that the collapse happened.
Variety recently published rumors about the casting, claiming that Julia Garner is nearly set to play Caroline Ellison.
Garner previously played digital con artist Anna Delvey and received an Emmy nomination for her performance. This relevant experience could add color to her portrayal of another convicted fraudster in Netflix’s FTX adaptation.
However, Garner’s largest role was Ozark, an acclaimed Netflix show that earned three Emmy awards. Variety further claimed that she may become an executive producer on this series, but again, nothing has been finalized.
Netflix will reportedly use a love story as a framing device for the FTX series’ plot, so the actor playing Sam Bankman-Fried will be essential.
Other industry publications have alleged that Evan Peters is in talks for this role. He has also won awards for a previous Netflix production in 2022.
A Netflix adaptation of the FTX story could be highly entertaining, but it’s important to stress that no contracts have been signed. The crypto industry has produced many famous events, after all.
The 2016 Bitfinex hack was allegedly getting a movie adaptation last year, but there hasn’t been an update on the project in around six months.
That is to say, “development hell” is a popular term in the film industry for a reason. Hopefully, the crypto community will soon enjoy Netflix’s dramatized take on the FTX collapse. Today, it’s still in the very early stages.
The post Netflix is Making a Series on FTX – Who is Playing Sam Bankman-Fried? appeared first on BeInCrypto.
The post XRP Price Prediction For June 10 appeared first on Coinpedia Fintech News
The price of XRP is rising today, up by more than 2%, currently trading around $2.30. This move is in line with a broader recovery in the crypto market, with Bitcoin climbing steadily and Ethereum leading the pack with an 8% surge. As Ethereum moves higher, many smaller altcoins like XRP are following the trend.
XRP also continues to display a bullish divergence, a signal where the price makes lower lows, but indicators like the RSI show higher lows. This often hints at a possible price bounce.
Looking at the daily charts, XRP recently bounced off a key support zone between $2.00 and $2.10. This area has proven strong in the past, with prices rebounding from here several times.
If the price falls below $2.00, analysts warn that it could drop toward $1.92-$1.95, and possibly as low as $1.80. But for now, the bullish momentum is holding.
A positive sign for XRP is the formation of a double bottom pattern — also known as a W pattern — on the charts. This pattern often signals a potential upward breakout. If this pattern plays out fully, the next price target would be around $2.44.
However, before reaching that level, XRP could face some resistance near $2.35, an area that previously acted as both support and resistance.
XRP appears to be in the middle of a fifth wave to the upside. This wave started in April after a market correction and could possibly push prices above $5.00 in the coming months, provided current support levels hold.
If XRP stays above the April lows and maintains its upward structure, analysts believe the bullish trend could continue. However, a break below those key support areas might delay the rally, meaning that the market is still working through a correction phase.
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The post XRP Price Prediction For June 10 appeared first on Coinpedia Fintech News
The price of XRP is rising today, up by more than 2%, currently trading around $2.30. This move is in line with a broader recovery in the crypto market, with Bitcoin climbing steadily and Ethereum leading the pack with an 8% surge. As Ethereum moves higher, many smaller altcoins like XRP are following the trend. …
In a massive development, the CME Group has revealed plans to expand its derivative offerings with XRP futures. This provides a bullish outlook for the XRP price, as this move could pave the way for the launch of a spot XRP ETF.
In a press release, CME Group announced plans to launch XRP futures on May 19, pending regulatory approval. The derivatives exchange revealed that market participants will have the choice to trade both a micro-sized contract (2,500 XRP) and a larger-sized contract (50,000 XRP).
Commenting on this development, Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group, said,
“As innovation in the digital asset landscape continues to evolve, market participants continue to look to regulated derivatives products to manage risks across a wider range of tokens. Interest in XRP and its underlying ledger (XRPL) has steadily increased as institutional and retail adoption for the network grows, and we are pleased to launch these new futures contracts to provide a capital-efficient toolset to support clients’ investment and hedging strategies.”
The exchange stated that they will settle the XRP futures in cash and based on the CME CF XRP-Dollar Reference rate, which serves as a once-a-day rate of the XRP price in USD and is calculated at 3 pm UTC.
The XRP futures will be the fourth crypto addition on the exchange. CME Group already offers Bitcoin and Ethereum futures and recently added Solana futures in March.
This development is significant as it could pave the way for the launch of a spot XRP ETF. The court in the Grayscale case ruled that there was no difference between the futures and spot markets. As such, the existence of a futures market means the SEC has no plausible reason to deny a spot XRP ETF.
As CoinGape reported, XRP and Solana are currently leading the ETF race over other altcoins. The launch of the futures contract further solidifies the altcoin’s edge in the ETF race. Meanwhile, the CME Group futures launch is also bullish for the XRP price.
The post XRP News: CME Group Announces Plans To Launch XRP Futures On May 19 appeared first on CoinGape.