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BlackRock Ethereum ETF (ETHA) has been dominating the spot ETF inflows while registering an 11-day inflow streak. So far in June, ETHA has already seen more than $280 million in inflows, with total flow approaching $5 billion since inception. Speculation is growing that this surge in ETHA inflows suggests that we could be getting closer
The post BlackRock Ethereum ETF Hits 11-Day Inflow Streak, Is ETH ETF Staking Approval In Sight? appeared first on CoinGape.
In the latest XRP news update, Teucrium CEO Sal Gilbertie addressed the Ripple token as the cryptocurrency with the highest utility. After launching the first-ever XRP ETF, the investment firm’s CEO remains vocal about the token’s utility and real-world use cases.
While hailing XRP as the most useful crypto asset, Gilbertie underscored its unique value proposition and strong development backing. Let’s explore the token’s unique use cases through the lens of the Teucrium CEO.
In a recent interview with Bloomberg, Teucrium CEO Sal Gilbertie praised the XRP token for its real-world utility. For him, XRP stands unique among other cryptocurrencies due to its dual strengths: a tradable asset with a clear function and robust development support. Gilbertie cited,
We chose XRP because we believe it’s the coin with the most utility. It’s not just speculation; it facilitates real transactions. Ripple is a team of true professionals.
Furthermore, the Teucrium CEO shared a comparative study on XRP and Bitcoin. Contrasting XRP with BTC, the CEO described the former as a practical tool for transferring value. He posited, “Bitcoin is a store of value, and that’s valid. But XRP has a real use case.”
Investment giant Teucrium recently launched the first-ever XRP ETF, sparking optimism within the Ripple community. After a week, the CEO came forward, expressing the platform’s enthusiasm for the project.
In addition, CEO Gilbertie praised Ripple and its team for their endeavors over the past years. He hailed the Ripple team as “professional people working really hard.”
According to Gilbertie, both Ripple and XRP are paving the way for a significant shift in the financial landscape. He added that the platform envisions a future where everything is tokenized.
Further bolstering his statements, he addressed Ripple’s recent acquisition of the broker-dealer Hidden Road. He acknowledged it as a phenomenal development towards the integration of traditional finance with decentralized finance (DeFi).
The post XRP News Update: Teucrium CEO Calls Ripple Coin the Most Useful Crypto After ETF Launch appeared first on CoinGape.
After the FOMC (Federal Open Market Committee) minutes and the digital asset summit on Wednesday and Thursday, respectively, approximately $2.09 billion in Bitcoin (BTC) and Ethereum (ETH) options expire today.
The expiration may influence market conditions, with investors monitoring potential shifts.
According to Deribit, $1.826 billion in Bitcoin options expire today. The maximum pain point of these contracts stands at $85,000.
These options include 21,596 contracts, slightly fewer than last week’s 35,176. Despite recent volatility, the put-to-call ratio of 0.83 indicates a general bullish sentiment.
Ethereum has $264.46 million in options expiring, involving 133,447 contracts. This figure is also lower than the previous week’s 223,395 contracts. The maximum pain point for these options is $2,000, and the put-to-call ratio is 0.62.
As the options contracts near expiration at 8:00 UTC today, Bitcoin and Ethereum prices are expected to approach their respective maximum pain points. According to BeInCrypto data, BTC traded for $84,414, whereas ETH exchanged hands for $1,977.
This suggests a modest upside for Bitcoin and Ethereum towards the $85,000 and $2,000 strike prices, respectively. This surge is plausible given smart money’s Strategy in options trading, pushing prices toward the “max pain” level. Here, the highest number of contracts, both calls and puts, expire worthless.
“Will we see a volatility squeeze or a slow unwind?” Deribit posed in a post on X (Twitter).
Based on Bitcoin and Ethereum’s put-to-call ratios, both below 1, call options (purchases) have a higher prevalence than put options (sales).
Analysts from crypto options trading tool Greeks.live provided insights on the current market sentiment, highlighting a divided trader community. On the one hand, some expect a price drop after the FOMC meeting, as policymakers rejected further interest rate cuts, effectively disappointing the crypto market.
On the other hand, some anticipate a temporary rise before choppy conditions. With this, the analysts note the range between $83,000 and $85,000 as the area of interest, with expected volatility around President Trump-related developments and potential MicroStrategy (now Strategy) purchases.
“Expect chop and drift lower before heading higher again on Monday, despite the current pump not being viewed as sustainable,” Greeks.live analysts observed.
Elsewhere, BeInCrypto reported that Bitget exchange CEO Gracy Chen is confident BTC will hold above the $73,000 to $78,000 range, paving the way for a potential rally to $200,000. She attaches her optimism to the US strategic Bitcoin reserve’s potential to drive institutional legitimacy and long-term price stability.
Even as Bitget’s Chen remains optimistic, traders and investors should brace for short-term volatility. Historically, options expirations tend to cause temporary price movements. However, the market usually stabilizes shortly after.
This calls for vigilance and analysis of technical indicators and market sentiment to manage potential volatility effectively.
The post Over $2 Billion Bitcoin and Ethereum Options Expire After FOMC and Digital Asset Summit appeared first on BeInCrypto.
The crypto market is gaining today amid reports that President Trump will reduce the tariffs levied against China. The China-US trade war was among the key factors that have fuelled turmoil across financial markets for the most part of this month, and with the increased likelihood that the two countries might arrive at a deal, three USA coins are standing out with the potential to rally 10x and see traders turn $1,000 to $10,000.
While speaking from the White House yesterday, President Trump stated that the tariffs imposed on China “will come down substantially”, even if they will not entirely be removed, a statement that sparked gains for USA-made crypto coins. Trump noted,
“145% is very high, and it won’t be that high… It will come down substantially, but it won’t be zero. We are going to be very good to China, and have a great relationship with President Xi.”
This statement sparked gains across the crypto market as most altcoins registered double-digit percentage gains within hours, with the total crypto market cap soaring past $3 trillion. Bitcoin price surged past $93,000 while Ethereum also briefly reclaimed $1,800, with traders now eyeing more gains.
Additionally, Reuters also reported that US Treasury Secretary Scott Bessent has stated that there would likely be a de-escalation in trade tensions between China and the US. The statement further sparked optimism among crypto traders that USA coins are set to make a solid recovery.
As the macro headwinds that previously weighed on crypto assets ease, some of the top USA coins that traders should consider buying today are Ripple (XRP), Solana (SOL), and Cardano (ADA). These coins have bullish technical setups and robust fundamentals that could see traders turn an investment of $1,000 to $10,000.
XRP is the largest USA coin by market cap, making it one of the top choices to consider amid the recent gains to make a 10x return with a $1,000 investment. To begin with, Ripple is surrounded by bullish catalysts, including the potential approval of a spot XRP ETF after the new SEC Chair Paul Atkins was sworn in.
The daily XRP price chart further shows that an all-time high is within reach after this token broke resistance at the 50-day SMA, while the RSI shows that bulls have taken control. As the bullish momentum grows strong, a 10x rally for one of the top American coins might be on the horizon.
Solana is also one of the top USA-made coins that traders should consider buying. The ongoing frenzy around SOL-based meme coins and a surge in Solana network activity highlight the presence of solid fundamentals to support an upswing.
The rising RSI on the daily Solana price chart shows that the bullish momentum is currently at its strongest since late January. Meanwhile, a double bottom chart pattern suggests that this American coin might soon aim for its record high of $295 if it can overcome resistance at $180. This technical setup and fundamentals support a bullish Solana price prediction.
Cardano price also shows signs of extending gains after surging past $0.70, to its highest level in nearly three weeks, making it one of the top USA coins to buy. Additionally, a recent Coingape article stated that Cardano price could hit $1 as Bitcoin and the rest of the crypto market edge higher.
One of the factors that could support such an uptrend is the surging open interest, as data from Coinglass shows that ADA’s open interest has increased by 14% in the last 24 hours to $765M. The OI is also approaching a monthly high, an indication that traders are opening new positions on this altcoin as they anticipate a strong trend.
As reports emerge that President Trump could lower the tariffs levied against China, USA coins present a good buy opportunity for a trader looking to book profits during the ongoing uptrend. Some of the top American coins to buy are Ripple (XRP), Solana (SOL), and Cardano (ADA), which have strong fundamentals and a strong technical outlook.
The post 3 USA Coins to Buy to Turn $1K to $10K as Trump Hints at Reducing China Tariffs appeared first on CoinGape.