Arizona’s second Bitcoin reserve bill, SB 1373, has cleared its final reading with Senate approval. The bill now moves to Governor Hobbs, who recently vetoed the first Bitcoin Reserve Bill, SB 1025. This represents a key step in the state’s ongoing efforts to establish a Bitcoin reserve, despite the previous rejection. The final decision now rests with the governor, and the outcome will determine Arizona’s next move in its Bitcoin reserve strategy.
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.
XRP ETF Approval: Will It Spark A Price Rally?
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.
Expert Predicts Robust Surge
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.
XRP ETF To Trigger ‘A Perfect Storm’?
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.
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.
Source: Sistine Research, X
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.
On May 3, 2025, Justin Sun, the founder of TRON, revealed a significant upgrade to the TRON ecosystem. The news caused a surge in TRX prices, but it was also overshadowed by a security breach: the official TRON DAO Twitter account was hacked, and scammers used it to steal user funds.
TRON’s Major Update Sends TRX Price Skyrocketing
Sun’s announcement about the TRON upgrade led to an immediate market reaction. Within the first hour, TRX saw a 7.2% price increase, rising from $0.122 to $0.130. Trading volumes surged by 43%, with 1.2 billion TRX traded across major exchanges like Binance, OKX, and KuCoin.
On top of this, on-chain data from TronScan showed a 15% jump in transaction volume, with over 5.8 million transactions processed on the TRON network by 1:00 PM UTC. These numbers highlight the strong market interest and growing adoption of TRON’s latest improvements.
Hack of TRON DAO Twitter
While TRON’s upgrade grabbed the spotlight, a more troubling issue emerged: the TRON DAO’s official Twitter account was hacked. The hackers used the account to promote a scam, attempting to steal funds from unsuspecting users.
In response, Justin Sun acted quickly, reaching out to crypto exchange OKX and urging them to freeze any assets linked to the scam. He emphasized the need for swift action to prevent further exploitation.
“We trust that OKX will act swiftly and responsibly, ensuring that its platform does not become a safe haven for scam proceeds,” Sun said in his post on X
Law Enforcement Involved in the Investigation
Justin Sun didn’t stop at contacting OKX. He also involved law enforcement, sharing critical details to help trace and recover the stolen funds. Sun directly addressed the scammers, urging them to return the stolen assets:
“To the scammers involved: we strongly urge you to return the stolen funds immediately. We commit to redistributing all recovered funds back to the community. There is still a chance to do the right thing,” he said.
The funds have been traced to a specific wallet address, and two transaction hashes were shared to aid the investigation.
Can TRON Overcome the Challenges?
TRON now faces the dual challenge of advancing its technology while managing the fallout from this hack. The upgrade brought a positive market response, but the breach highlights the ongoing security risks in the crypto space.
Sun’s leadership will likely be under the microscope as the situation unfolds. However, TRON’s quick response to the hack shows a commitment to protecting its users.
The balance between innovation and security will be crucial for TRON’s future.
The post Justin Sun’s TRON Upgrade Sends TRX Price Soaring Despite Twitter Hack appeared first on Coinpedia Fintech News
One announcement can change a lot in crypto. On May 3, 2025, Justin Sun, the founder of TRON, revealed a significant upgrade to the TRON ecosystem. The news caused a surge in TRX prices, but it was also overshadowed by a security breach: the official TRON DAO Twitter account was hacked, and scammers used it …
