Author: Monicah W

Cathie Wood’s Ark Invest Buys $10M In HOOD Stock After Robinhood’s Robust Earnings

Monicah W

Cathie Wood's Ark Invest Buys $10M In HOOD Stock After Robinhood's Robust Earnings

After an impressive earnings report in Q1 for Robinhood, Ark Invest has splurged $10M to acquire HOOD stock. Despite predicting a massive Bitcoin rally in the coming months, the investment firm is diversifying its holdings to include Robinhood, AMD, 10X Genomics, and altcoins.

Ark Invest Buys 210,714 Robinhood Shares

Cathie Wood’s Ark Invest has increased its footprint in the markets over the last day with significant investment in a raft of companies. According to an X post by Ark Invest Daily, the investment firm has splurged nearly $10 million to purchase 210,714 shares of Robinhood Markets Inc. (HOOD).

The heavy stock acquisition follows the release of Robinhood’s earnings report for Q1 2025. Robinhood’s earnings beat Wall Street expectations with total revenue within inches of $1 billion in the first three months of 2025.

Ark Invest scooped up 210,714 HOOD at a premium as shares traded at $46.62, a 5% drop over the last day. The sizable investment was made by the Ark Innovation ETF (ARKK), a fund investing in disruptive technologies.

Apart from buying Robinhood shares, the ARKK fund acquired 186,812 shares of Guardant Health for $9.1 million. The fund made sizable purchases in Advanced Micro Devices and 10X Genomics over the last day.

However, Ark Invest has sold off significant holdings in Roblox Group, Veracyte, and Palantir in the last 24 hours. The Ark Autonomous Technology & Robotics ETF purchased 184,742 shares of Aurora Innovation Inc. while selling 37,591 in Kratos Defense and Security Solutions Inc.

Why Is The Cathie Woods-Led Firm Reducing Its Bitcoin Exposure?

Recent market activities by Ark Invest suggest that the company is diversifying its portfolio. A month ago, the company halted its Bitcoin purchase in favour of other altcoins in a frenzied diversification push.

Ark Invest has gained its first exposure to Solana (SOL) as it continues its diversification strategy. The recent plays in the stock market are accentuating a changing stance for the investment giant.

The company may be diversifying and reducing its BTC exposure in anticipation of a coming US recession, as predicted by Cathie Wood. Another reason for halting BTC purchases may be part of a rebalancing of its portfolio or nimble market maneuvering to seize fresh opportunities.

Despite the change in stance, Ark Invest says Bitcoin can break $1 million by the end of the decade. Conservative estimates see the firm predict a base case of $710,000 per BTC and a bear case of $300,000 by 2030. At the moment, Bitcoin price is trading at the $96,000 mark in a strong show of bullishness over the last week.

The post Cathie Wood’s Ark Invest Buys $10M In HOOD Stock After Robinhood’s Robust Earnings appeared first on CoinGape.

No New RLUSD Minted This Week — What’s Behind the Pause?

Monicah W

No New RLUSD Minted This Week — What’s Behind the Pause?

Ripple’s USD-backed stablecoin, RLUSD, has seen a sudden pause in its minting activity. According to data released by the Ripple Stablecoin Tracker, the last batch of the stablecoin was minted on April 25, followed by an unexpected silence for almost a week.

Why Ripple Pauses RLUSD Minting?

Significantly, Ripple appears to have temporarily halted RLUSD stablecoin minting, with no new coins created over the past week. As per the Stablecoin Tracker data, the crypto firm last minted the stablecoin on April 25 in three batches: two with 11,500,000 tokens each and one with 15,000,000 tokens.

Following the activity, the platform paused its RLUSD minting, with the Stablecoin Tracker remaining silent with no data. This indicates that the crypto platform has minted zero stablecoin over the past week while RLUSD surpassed $300 million.

Ripple’s recent pause in RLUSD minting isn’t unprecedented, as the company has taken regular breaks over the past two months, gradually injecting new coins into circulation. This measured approach has seen RLUSD’s market capitalization grow to $316.88 million, ranking 217th.

Ripple Stablecoin Thrives Despite Regular Minting Pauses

Since its launch, RLUSD has been exhibiting notable growth with its unique utilities. Initially, the stablecoin was designed as a “golden standard” for enterprise use, targeting businesses as its primary users. However, the platform later decided to expand its use cases. Recently, Ripple integrated the stablecoin into Ripple Payment, unveiling a new utility push.

Moreover, RLUSD’s usage has diversified, serving as collateral on DeFi platforms and centralized finance applications, and facilitating donations for nonprofit organizations. It’s also listed on major crypto exchanges such as Kraken, LMAX Digital, Bitstamp, Bullish, and Zero Hash, enabling trading and purchasing.

The current minting pause comes amid increasing discussions over Ripple’s possible acquisition of stablecoin issuer Circle.

The post No New RLUSD Minted This Week — What’s Behind the Pause? appeared first on CoinGape.

XRP Isn’t Dead — It’s Loading! Here’s Why Analysts Say XRP Price Rally Is Coming

Monicah W

The post XRP Isn’t Dead — It’s Loading! Here’s Why Analysts Say XRP Price Rally Is Coming appeared first on Coinpedia Fintech News

XRP recently saw a sharp price dip to $2.15, triggering massive liquidations worth $13.9 million in long positions, compared to just $1.49 million in shorts, a nearly 1000% imbalance. This shows that most traders were betting on the price going up. When it didn’t, many positions were wiped out, pushing the price down further. 

However, XRP has bounced back to $2.20, a key support level, and some traders believe this was just a shakeout before the next big move. Crypto analyst John Squire agrees and says XRP isn’t dead — it’s just loading. 

XRP Has Been Building for Years

XRP isn’t a new token riding the latest hype. It has been in development for over a decade. Ripple, the company behind XRP, has built a global payment network, RippleNet, which is active in over 55 countries. It’s already being used by more than 350 financial institutions, including major names like SBI, Tranglo, and Santander. This isn’t about plans, it’s happening now.

A Win in Court and Legal Clarity Ahead

One of XRP’s biggest moments was its legal battle with the U.S. Securities and Exchange Commission (SEC), which started in December 2020. Ripple scored a partial win in July 2023, and the SEC recently paused its appeal, which could lead to full legal clarity soon. If that happens, XRP could become one of the few major cryptocurrencies fully cleared to work with U.S. banks.

Big Bulls Showing Interest

Squire also points to growing interest from big players. CME Group is launching XRP futures in May 2025, and there are ongoing rumors of a possible BlackRock XRP trust. Meanwhile, Ripple has launched its own stablecoin, RLUSD, which has already crossed $300 million in market cap. Ripple also bought Hidden Road, a major broker that moves over $10 billion daily, adding more strength to the XRP ecosystem.

A Boring Chart Doesn’t Mean a Dead Token

While many call XRP “dead” because of its slow price movement, Squire says this is often when smart investors quietly buy in. Technical indicators show XRP is holding steady with support around $2.00 and a chance to turn bullish if it breaks $2.30. For now, XRP may be quiet, but it might just be getting ready to roar.

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The post XRP Isn’t Dead — It’s Loading! Here’s Why Analysts Say XRP Price Rally Is Coming appeared first on Coinpedia Fintech News
XRP recently saw a sharp price dip to $2.15, triggering massive liquidations worth $13.9 million in long positions, compared to just $1.49 million in shorts, a nearly 1000% imbalance. This shows that most traders were betting on the price going up. When it didn’t, many positions were wiped out, pushing the price down further.  However, …

Can XRP Recover Its Lost Momentum After the Ripple vs SEC Settlement?

Monicah W

The post Can XRP Recover Its Lost Momentum After the Ripple vs SEC Settlement? appeared first on Coinpedia Fintech News

The U.S. Securities and Exchange Commission (SEC) has officially halted its legal proceedings against Ripple, marking a major turning point in a legal battle that began in December 2020. While the move sets the stage for a potential settlement, XRP’s journey to recovery is far from over.

In the last 14 days, XRP has seen a modest price gain of 6.3%. But according to a recent post by All Things XRP, the damage caused by the lawsuit goes deeper than price performance.

The XRP Lawsuit That Changed Everything

The SEC’s lawsuit against Ripple nearly five years ago led to XRP being delisted from major U.S. exchanges, causing a 66.5% drop in December 2020—its largest monthly loss ever. This move not only impacted liquidity but also disrupted its momentum and trust among institutional players.

From 2021 to 2023, XRP’s price largely stagnated between $0.30 and $0.50. Although it saw some gains—276.2% in 2021 and 82.5% in 2023—those figures paled in comparison to competitors like Solana. SOL skyrocketed by 11,180% in 2021, dropped in 2022, and then rebounded 918.4% in 2023.

XRP’s lack of participation in major bull runs has been widely attributed to the uncertainty created by its ongoing legal battle.

More Than Just Price Damage

Beyond market performance, the lawsuit severely tarnished XRP’s reputation. Analysts argue that the multi-year litigation cost Ripple valuable time that could have been spent on innovation and expanding its presence in the global payments sector.

According to All Things XRP, institutional confidence eroded during this period, and Solana and other rivals capitalized on XRP’s absence from key markets.

What Lies Ahead for XRP?

Even after the SEC dropped its charges, XRP hasn’t shown strong bullish momentum. Over the last seven days, XRP rose only 0.6%, and in the past 24 hours, it dropped by 1.1%.

However, there are signs of strategic rebuilding. Ripple is reportedly working on new ETF applications, the launch of its stablecoin RLUSD, and forging fresh partnerships.

Despite past setbacks, analysts remain cautiously optimistic. If Ripple can rebuild trust and accelerate innovation, XRP may yet reclaim its role as a key player in cross-border payments.

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

The post Can XRP Recover Its Lost Momentum After the Ripple vs SEC Settlement? appeared first on Coinpedia Fintech News
The U.S. Securities and Exchange Commission (SEC) has officially halted its legal proceedings against Ripple, marking a major turning point in a legal battle that began in December 2020. While the move sets the stage for a potential settlement, XRP’s journey to recovery is far from over. In the last 14 days, XRP has seen …

WEMIX Faces Setback as South Korea’s Leading Exchanges Suspend Trading

Monicah W

The post WEMIX Faces Setback as South Korea’s Leading Exchanges Suspend Trading appeared first on Coinpedia Fintech News

South Korea’s top five crypto exchanges will suspend WEMIX trading on June 2, causing the token to plunge over 60% to $0.2757 before recovering to around $0.36. This is the second time WEMIX has faced a group delisting. The DAXA exchange alliance said the decision was made due to WEMIX’s failure to meet listing standards. The move raises concerns over the token’s long-term credibility in the South Korean market.

The post WEMIX Faces Setback as South Korea’s Leading Exchanges Suspend Trading appeared first on Coinpedia Fintech News
South Korea’s top five crypto exchanges will suspend WEMIX trading on June 2, causing the token to plunge over 60% to $0.2757 before recovering to around $0.36. This is the second time WEMIX has faced a group delisting. The DAXA exchange alliance said the decision was made due to WEMIX’s failure to meet listing standards. …

Tether to Introduce U.S.-Backed Stablecoin by 2025

Monicah W

The post Tether to Introduce U.S.-Backed Stablecoin by 2025 appeared first on Coinpedia Fintech News

Tether is set to launch a U.S.-based stablecoin by the end of this year, with CEO Paolo Ardoino strengthening relationships with Washington. This move comes as the political landscape shifts under Trump’s influence, paving the way for more crypto-friendly regulations. The launch of Tether’s stablecoin marks a significant step in expanding its offerings and solidifying its presence in the global crypto market.

The post Tether to Introduce U.S.-Backed Stablecoin by 2025 appeared first on Coinpedia Fintech News
Tether is set to launch a U.S.-based stablecoin by the end of this year, with CEO Paolo Ardoino strengthening relationships with Washington. This move comes as the political landscape shifts under Trump’s influence, paving the way for more crypto-friendly regulations. The launch of Tether’s stablecoin marks a significant step in expanding its offerings and solidifying …

Economist Nouriel Roubini Sees U.S. Economy Thriving Amid Trump’s Tariffs

Monicah W

The post Economist Nouriel Roubini Sees U.S. Economy Thriving Amid Trump’s Tariffs appeared first on Coinpedia Fintech News

Economist Nouriel Roubini, often dubbed “Dr. Doom” for his historically pessimistic economic forecasts, has recently shifted to a more optimistic view on the U.S. economy. Despite concerns surrounding President Donald Trump’s protectionist trade policies, Roubini now predicts a healthy 4% growth by 2030. He attributes this to the United States’ dominance in key technological sectors, including AI, robotics, and quantum computing.

Roubini’s Optimism Amidst Tariff Worries

While Roubini acknowledges the potential short-term challenges posed by Trump’s tariffs, he believes the strength of the U.S. economy, supported by technological innovation and robust institutional structures, will ultimately prevail. He points out that the U.S. holds a competitive advantage in 10 out of 12 sectors likely to influence future economic trends, with China leading only in green projects and electric vehicles. These technological strengths are expected to balance the negative impacts of trade conflicts.

Mixed Reactions from Cathie Wood and Robert Kiyosaki

Roubini’s unexpected change in outlook has sparked mixed reactions, particularly from the cryptocurrency world. Cathie Wood, CEO of ARK Invest, disagrees with Roubini’s predictions, arguing that such conditions may lead to inflation. Wood believes that continued technological progress, combined with stricter monetary policies, will result in deflation over time.

Meanwhile, fintech writer Robert Kiyosaki forecasts potential hyperinflation in the U.S., citing global economic changes such as BRICS nations exploring a gold-backed stablecoin. Kiyosaki suggests this could undermine the U.S. dollar’s dominance and lead to significant inflationary pressures.

In a Nutshell

Roubini’s statement indicates that, despite the challenges posed by Trump’s trade policies in the first quarter, the U.S. economy is poised to recover. While mixed reactions are expected from the crypto community, Roubini’s shift in perspective has drawn attention. As complex tariff policies continue to influence U.S. economic growth, it remains to be seen whether Roubini’s 4% growth prediction will come to fruition.

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

The post Economist Nouriel Roubini Sees U.S. Economy Thriving Amid Trump’s Tariffs appeared first on Coinpedia Fintech News
Economist Nouriel Roubini, often dubbed “Dr. Doom” for his historically pessimistic economic forecasts, has recently shifted to a more optimistic view on the U.S. economy. Despite concerns surrounding President Donald Trump’s protectionist trade policies, Roubini now predicts a healthy 4% growth by 2030. He attributes this to the United States’ dominance in key technological sectors, …

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Boop.fun Hits $500 Million Market Cap on Solana: Hype, Growth, and Future Risks

Monicah W

BOOP, the latest meme coin on Solana, quickly surpassed a $500 million market cap just hours after its launch on May 1, 2025, drawing intense interest from the crypto community.

However, behind the explosive price surge lie significant risks tied to volatility, regulatory pressure, and the long-term sustainability of the Boop.fun ecosystem that investors must carefully consider.

The Surge of BOOP and Boop.fun on the Solana Ecosystem

BOOP, the token of the meme coin launch platform Boop.fun on Solana. It has sparked a frenzy as its market capitalization soared past $500 million shortly after its launch on May 1, 2025, before settling at $421 million. 

The token’s trading volume reached $63.9 million within the first 1.5 hours, reflecting intense interest from the meme coin community. At the time of writing, it has climbed to $112 million.

BOOP Market Cap. Source: GMGN
BOOP Market Cap. Source: GMGN

Reports indicate that Boop.fun was founded by Dingaling, a prominent figure in the NFT community known for successful projects like Moonbirds and Invisible Friends. Dingaling’s involvement lends credibility and helps Boop.fun garnered significant attention from its debut.

Factors Supporting BOOP’s Price Surge

Several positive factors have contributed to BOOP’s price rally. First, Moonshot, a platform dedicated to supporting meme coins, announced the integration of BOOP into its ecosystem. 

Additionally, the actions of major investors played a crucial role. A smart wallet spent 2,500 SOL, equivalent to $37.7 million, to establish a BOOP position at $0.07115. It is now recording a profit of $600,000 with a 159% return.

Solana TVL. Source: DefiLlama
Solana TVL. Source: DefiLlama

The participation of large investors signals confidence in BOOP’s potential, particularly as the Solana ecosystem experiences a boom. Solana’s total value locked (TVL) reached $8.01 billion in May 2025, a $2 billion increase from October 2024. 

Moreover, institutional investors are starting to take notice of Solana. DeFi Development Corp (formerly Janover), dubbed the “SOL version of MicroStrategy,” announced on Thursday that it expects to receive $24 million in private equity investment (PIPE), which will support general corporate purposes, including acquiring more Solana. 

“This raise is a milestone in our mission to build the most transparent, crypto-native treasury vehicle in public markets.” It enables us to scale our SOL position with speed – while continuing to deliver SOL-per-share growth to our investors.” said the company’s Chief Executive Officer, Joseph Onorati

Pro-crypto policies from the Trump administration have also bolstered market sentiment. The Solana community even hopes that BOOP could become the “next BONK,” a meme coin that achieved significant success on the ecosystem in 2023. However, BOOP faces several risks behind this rapid growth that need careful consideration to assess its long-term potential.

Risks and Challenges for BOOP

Despite their impressive achievements, BOOP and Boop.fun face numerous challenges. First, BOOP shows signs of high volatility driven by market FOMO. The rapid price surge may indicate an overbought condition, posing a risk of a sharp correction. 

The history of meme coins on Solana reveals that many tokens have peaked quickly only to plummet later, such as BONK, which lost 70% of its value from its peak in December 2023. This raises questions about BOOP’s sustainability once the initial excitement fades.

Second, regulatory pressures are a significant concern. The EU’s MiCA regulation, effective since June 2024, imposes strict standards on token issuance platforms like Boop.fun. This could impact Boop.fun’s global expansion plans. 

Finally, Boop.fun is a newcomer to the Solana meme coin launch platform. Competition from platforms like Pump.fun, Auto.fun, or, recently, LaunchLab will create many barriers for this platform.

Considering these risks and challenges, if Boop.fun fails to build a sustainable user base, BOOP may face significant price volatility, much like other meme coins on Solana. This requires Boop.fun to develop a clear strategy to grow its ecosystem and maintain investor interest.

The post Boop.fun Hits $500 Million Market Cap on Solana: Hype, Growth, and Future Risks appeared first on BeInCrypto.

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Immutable (IMX) Breaks Out, Daily Gains Hit 15% With Traders Eyeing $0.70

Monicah W

Immutable’s utility token, IMX, is today’s top-performing altcoin, climbing nearly 15% over the past 24 hours. As of this writing, the altcoin trades at $0.64.

On-chain data points to a resurgence in bullish sentiment, suggesting that the rally may have legs in the short term. This analysis explains how. 

IMX Traders Go Long and Network Activity Supports the Climb

IMX’s long/short ratio has risen above 1, indicating that many market participants are opening long positions in anticipation of continued upside. According to Coinglass, this currently stands at 1.004. 

IMX Long/Short Ratio.
IMX Long/Short Ratio. Source: Coinglass

The long/short ratio measures the proportion of bullish (long) positions to bearish (short) positions in the market. When the ratio is below one, more traders are betting on a price decline than on a price increase.

Converesly, as with IMX, a ratio above one means there are more long positions than short ones. This suggests bullish sentiment, with most traders expecting the asset’s value to rise.

IMX’s price daily active address (DAA) divergence, which remains positive, further strengthens the bullish case. This metric, which measures an asset’s price movements with the changes in its number of daily active addresses, is currently at 63.22%.

IMX Price DAA Divergence
IMX Price DAA Divergence. Source: Santiment

When an asset’s price rally is accompanied by a positive DAA divergence, it is considered a bullish signal, suggesting growing interest and the potential for further price appreciation. 

This reflects that IMX’s recent price hike is supported by sufficient user activity on the network rather than driven solely by speculative trading.

IMX Price Outlook Strengthens

On the daily chart, the setup of IMX’s Moving Average Convergence Divergence (MACD) supports the bullish outlook above. At press time, IMX’s MACD line (blue) rests above its signal (orange) and zero lines.

An asset’s MACD indicator identifies trends and momentum in its price movement. It helps traders spot potential buy or sell signals through crossovers between the MACD and signal lines. 

When the MACD line is above the signal line, buying activity dominates the market, hinting at further price rallies. If this holds for IMX and the token maintains its uptrend, it could break above the resistance at $0.73 and climb to $0.79.

IMX Price Analysis.
IMX Price Analysis. Source: TradingView

On the other hand,  if sellers regain market control, they could drive IMX’s value down to $0.55. 

The post Immutable (IMX) Breaks Out, Daily Gains Hit 15% With Traders Eyeing $0.70 appeared first on BeInCrypto.

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Bitcoin (BTC) on Track for $100,000 as Exchange Inflows Hit 7-Year Low

Monicah W

Leading cryptocurrency Bitcoin (BTC) broke above the $95,000 psychological barrier on Thursday, driven by renewed confidence among long-term holders. 

With key on-chain metrics pointing to a slowdown in exchange-bound inflows, the coin may soon reclaim the $100,000 price mark.

BTC Poised for Further Gains Amid Low Sell-Offs and Rising Demand

According to on-chain data from CryptoQuant, the number of unique wallet addresses sending BTC to exchanges has dropped to its lowest level since 2017. This currently sits at 19,282 addresses, falling by over 60% over the past month. 

Bitcoin Exchange Depositing Addresses
Bitcoin Exchange Depositing Addresses. Source: CryptoQuant

This metric, commonly interpreted as a measure of sell-side pressure, suggests that fewer investors are looking to offload their holdings, reinforcing the current bullish sentiment in the BTC market.

Historically, low exchange inflows like this have aligned with periods of strong price performance. Reduced selling activity tightens the coin’s supply on trading platforms, driving up BTC’s value.

Moreover, the spike in BTC’s Taker Buy Sell Ratio on leading cryptocurrency exchange Binance adds to this bullish narrative. In a new report, CryptoQuant analyst Amr Taha noted, “the most recent data point shows a sharp increase to 1.142, the highest level in this range.”

Bitcoin Taker-Buy Sell Ratio.
Bitcoin Taker-Buy Sell Ratio. Source: CryptoQuant

This metric measures the ratio of buy orders executed against sell orders in the futures market. A taker buy-sell ratio below one indicates that more sell orders are being executed, suggesting a shift in market sentiment from bullish to bearish.

When this ratio is above one, there are more buy orders than sell orders. This indicates that more market participants are aggressively buying BTC rather than selling it, suggesting a demand-driven market.

The rising ratio on Binance is particularly significant, as it signals growing demand for the coin on the largest cryptocurrency exchange by trading volume. If this trend holds, BTC’s price could continue to climb.

Bitcoin Eyes $100,000 as Bull Power Gains Momentum

On the technical side, readings from BTC’s Elder-Ray Index confirm the strengthening demand for the coin. On the daily chart, the histogram bars of this indicator have expanded in size over the past few days, highlighting an increasing buildup of buying pressure in the market.

The Elder Ray Index measures the strength of buying and selling pressure in the market, using two key components: Bull Power and Bear Power. When the size of its bars increases and its value is positive, it indicates growing buying pressure. It suggests the market is in an uptrend with increasing strength behind the bullish movement.

If this continues, BTC could smash through the resistance at $98,983, reclaim the $100,000 price mark, and charge toward $101,070.

BTC Price Analysis
BTC Price Analysis. Source: TradingView

However, if profit-taking activity resumes, this bullish projection will be invalidated. In that scenario, BTC could resume its downward trend, break below $95,971, and trend to $91,851.

The post Bitcoin (BTC) on Track for $100,000 as Exchange Inflows Hit 7-Year Low appeared first on BeInCrypto.