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Bitcoin price is under threat from fresh geopolitical pressures, with the chances of an Iranian retaliation against the US surging to 66%. The flagship cryptocurrency has traded above $100K for over 40 days, but the US-Iran conflict is sending prices to new lows. Bitcoin Slips Below $101K Driven By Fears Of An Iranian Retaliation According
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Pi Network has its sights on expanding its ecosystem with the latest play involving the launch of a $100M VC fund. The new fund will fund projects and startups advancing real-world utility and adoption of the Pi Network.
According to a press release, Pi Network has announced a fresh $100 million venture capital (VC) fund to support innovative startups in the ecosystem. Per the statement, the fund will feature assets in both USD and Pi Coins, propping up projects pursuing real-world Pi utility.
The new $100M fund will be disbursed via the Pi Network Ventures, a newly minted entity created by the Pi Foundation. Per the announcement, the Pi Coins forming a portion of the funds stem from the Pi Foundation’s reserves.
Pi Network Ventures will invest in Pi-focused companies in the early stage, including Series B and subsequent rounds. Furthermore, the Pi fund will expand support beyond blockchain-native startups with an eye on AI and e-commerce startups.
“This initiative gives creators the resources they need to build solutions that solve real problems while reinforcing the value of the Pi ecosystem,” said Nicolas Kokkalis.
The announcement comes at the start of Consensus 2025, with the project expected to make a major appearance at the event.
The Pi Core Team (PCT) has previously teased an ecosystem announcement for May 14, leaving community members on edge. While the $100M fund has triggered a wave of excitement, there is speculation that the launch is only the tip of the iceberg.
Community members have their sights on a potential exchange listing for the Pi Network. While chatter of a potential Binance listing continues to percolate, an HTX listing for Pi Network has gathered significant steam.
HTX has dropped a string of hints pointing to a potential listing in its social media posts, stoking waves of optimism. Upbit is another potential exchange listing, given the sheer number of Pi Coin holders in South Korea.
Ahead of the ecosystem announcement, Pi Network price crossed $1, to leapfrog Litecoin (LTC) and Bitcoin Cash (BCH). A listing announcement during the Consensus 2025 event will signal mainstream adoption for in addition to the upside of a potential Pi Coin rally.
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The discussions on a potential XRP ETF approval by the US SEC are mounting among the market participants which could drive the crypto price higher. Besides, with the recent leadership change in the US SEC and the pro-crypto sentiment hovering, the discussions have further peaked recently. Amid this, experts have cited the approval as a potential catalyst to drive the XRP price to a new high in the coming days.
The XRP ETF approval discussions are now the talk of the town with the pro-crypto regulatory shift in the US. Besides, experts have said that Ripple’s coin and Solana are now leading the altcoin ETF race, citing key reasons.
Notably, nine firms have already submitted ETF applications for Ripple’s native asset with the US SEC. Though still under review, rumors hint that BlackRock may join the race, a move that could dramatically accelerate momentum.
Meanwhile, the asset management giant controls over $11 trillion in AUM, and its entry could send a strong signal to the market. However, an XRP enthusiast has recently shared why BlackRock has still not moved ahead with such a plan.
In a recent podcast, crypto analyst “Good Morning Crypto” said that an XRP ETF could act like a “giant vacuum,” pulling the coin out of circulation. Every ETF investment would move Ripple’s native asset into custodial holdings, tightening supply and sparking demand pressure.
Besides, the analyst highlighted that once these ETFs go live, they could lead to scarcity-driven price growth. With fewer coins circulating and more investors locking in their tokens, the market could experience a classic demand shock.
Meanwhile, in a bullish scenario, regulatory clarity might arrive by August. If US lawmakers pass new legislation on crypto tax, infrastructure, and stablecoins, it would likely clear the path for businesses to use XRP in daily operations. Once that happens, the analyst suggested, institutional adoption would take off.
Besides, the discussions have further soared with pro-crypto Paul Atkins’ entry as the new US SEC chair. Furthermore, if ETFs start hoarding XRP and companies expect prices to rise, they might start stockpiling tokens early. This kind of behavior mirrors a “front-loading effect” in commodity markets, where future price gains trigger large-scale early buying.
Considering that, the experts have deemed the potential XRP ETF launch as the “perfect storm” for Ripple’s native asset.
XRP price has recorded strong gains of over 9% today, soaring to the $2.28 mark, with its one-day volume rocketing 131% to $5.56 billion. Notably, this surge also comes amid a broader crypto market recovery, with BTC price soaring past the $93K mark.
Amid this, Sistine Research said that Ripple’s coin is poised to hit between $33 and $50 in the coming days. However, the analyst has cited his target as “conservative” and said that it is based on the historical pattern from 2017.
However, the analyst also noted that a “cup and handle” analysis points towards a massive breakout ahead. According to him, this analysis indicates that XRP price is poised to hit between $77 and $100 in the coming days. Having said that, if XRP ETF gets the green light from the US SEC, the future of the asset’s price might hit new heights.
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The push to advance the digital currency ecosystem has taken a new twist. Reps. Tom Emmer and Ritchie Torres have introduced a new blockchain and crypto regulation bill directed at developers. Dubbed the Blockchain Regulatory Certainty Act (BRCA), this bill is the second time it will be introduced in Congress and clarifies the definition of money transmitters, which concerns developers. The BRCA Blockchain Bill: Key Highlight This bill aims to establish that developers who do not custody user funds are not money transmitters. Notably, it provides the necessary legal clarity to position the United States as the top hub for developers. “If you don’t custody consumer funds, you aren’t a money transmitter. Plain and simple,” Congressman Emmer said in an official statement. “The longer we delay this commonsense clarification, the greater the risk that this transformative technology is pushed overseas, harming American investors and innovators.” Providing more context, the lawmaker… Read More at Coingape.com
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