Both KuCoin and Binance are experiencing disruptions due to a large-scale AWS network outage. Binance saw issues with failed orders and temporarily suspended withdrawals, though services are now recovering and withdrawals have resumed. KuCoin assured users that their assets remain secure and data is safe, despite the temporary disruptions. Both platforms are working on resolving the issues and encourage users to stay tuned to official updates. While recovery is underway, delays may continue for some services
In a recent development, Bo Hines, the Presidential Digital Asset Advisory Committee’s Executive Director, shed light on the United States’ Bitcoin reserve strategies. He asserted that the US should strengthen its Bitcoin accumulation to bolster its crypto lead.
Notably, the US is considering multiple strategies to bolster its Bitcoin reserve without burdening taxpayers, potentially utilizing tariff revenue or revaluing government-held gold certificates. Let’s break down the Trump government’s crypto policies through the lens of Bo Hines.
Bo Hines Commends Trump’s Bitcoin Reserve Strategies
In a recent interview, Bo Hines, the Executive Director of the Presidential Digital Asset Advisory Committee, provided a detailed insight into the US’ crypto policies. Hines acknowledged President Trump’s commitment to transforming the US into a crypto capital, fulfilling his campaign pledge.
US To Accumulate More Bitcoin
Bo Hines added that the government is exploring multiple ways to solidify the country’s position as a global leader in crypto. While adopting a Bitcoin reserve remains key to the US’ lead, the government is accumulating more BTCs. He stated,
We’re looking at many creative ways, whether it be from tariffs, there’s literally countless ways in which you can do this… Everything is on the table, and like we’ve said, we want as much as we can get, so we’re going to make sure that no stone is unturned.
Bo Hines Targets Infinite Bitcoin in US Reserve
Significantly, Bo Hines envisions the US accumulating “infinite” Bitcoins for its national reserve. He believes that assets with inherent value, like Bitcoin, should be acquired in the largest quantities possible. He stated, “Anything else with an intrinsic store of value—you want as much as you can possibly accumulate. It’s no different with Bitcoin.”
Bo Hines highlights the US’s ambition to become a global crypto leader, with other countries potentially following suit. Trump signed an executive order to establish a Bitcoin reserve, inspiring other nations like Russia to adopt similar strategies.
The crypto advisory head further cited, “I’m sure other countries will be chasing us as we continue to push forward and welcome this technological innovation. I think you’ll see other world leaders follow suit very quickly.”
XRP investors are still in the red for the year, as the popular coin crashed by over 40% from its highest level in January. This XRP price crash has erased some of the coin’s gains in November of last year. This article looks at three key reasons why Ripple may surge in the long term after Standard Chartered delivered a $693B prediction.
Standard Chartered Delivers a $695 Billion XRP Price Prediction
Analysts at Standard Chartered, who have been accurate on their crypto forecasts, have delivered a bullish XRP price prediction. In a note, the analysts predicted that it will end the year at $5.5, up sharply from the current $2. They then expect it to get to $12.5 by 2028, which would imply a 525% jump from the current level. Such a move is possible since XRP jumped by almost 500% in November.
A move to that price target would boost the coin’s market cap to over $693 billion, up from $111 billion. This prediction is based on the current circulating supply of 58 billion. Assuming that Ripple Labs unlocks about 400 million tokens a month as it has done in the past, it means that there will be about 71.47 billion XRP tokens in circulation. This would give the network a market cap of over $892 billion.
Ripple Acquisition of Hidden Road
The other main catalyst that may push XRP price higher is its latest acquisition of Hidden Road, a company that offers prime brokerage, clearing, and financing across traditional and digital assets. In a statement, one crypto analyst said the following about the transaction:
“Ripple owns a top custody platform, they now own a prime brokerage, they already do payments. There’s a new financial world being built, and Ripple will own its essential pieces and tie them together with XRPL and XRP.”
The deal will help to make Ripple a bigger player in the financial services industry. Keep in mind that Ripple is already working to create partnerships as it seeks to disrupt SWIFT, the giant network that handles trillions annually. The path to these partnerships has been made clearer after the end of theSEC case against Ripple.
XRP Price Technical Analysis Says a Rebound is Possible
The other main reason why the XRP price may rebound is that it has strong technicals. The weekly chart shows that the coin has constantly remained above the 100-week moving average, a sign that the bullish trend is still intact.
Also, the coin has retested the major S/R level of the Murrey Math Lines tool and formed a doji candlestick pattern. A doji often leads to a strong recovery over time. Ripple price has also retested the key support at $1.9752, the upper side of the cup and handle pattern that formed between 2021 and 2024.
XRP Price Chart
Therefore, the coin will likely rebound in the long term, potentially rising to the YTD high of $3.4 and then $5. A drop below the major S/R level will cancel the bullish Ripple forecast.
