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Experts Suspect Stablecoin Transaction Volume May Be Inflated Compared to Visa

Monicah W

Stablecoins—cryptocurrencies pegged to stable assets like the USD—are drawing increasing attention from top payment companies. Recent reports claim stablecoin transaction volumes over the past year have surpassed Visa.

However, industry experts are skeptical of these numbers. This article explores the reasons behind that skepticism.

Why Experts Suspect Stablecoin Volume Might Be Inflated

Recently, Chamath Palihapitiya, CEO of Social Capital, posted on X that the weekly transaction volume of stablecoins has exceeded that of Visa, reaching over $400 billion. He added that companies like Visa, Mastercard, and Stripe are actively embracing the trend.

Weekly Volume of Stablecoin Transfers. Source: Chamath Palihapitiya
Weekly Volume of Stablecoin Transfers. Source: Chamath Palihapitiya

According to the data, in Q4 of 2024, the average weekly stablecoin transaction volume reached $464 billion. That’s significantly higher than Visa’s $319 billion. A Bitwise report estimates that stablecoins processed about $13.5 trillion in total transaction volume in 2024. This marks the first time stablecoin volume surpassed Visa’s annual total.

At first glance, this seems like a major milestone, suggesting that stablecoins could reshape the future of global payments. Citigroup even projects that the stablecoin market could reach $3.7 trillion by 2030.

Not everyone shares the enthusiasm. Some experts have warned that the reported stablecoin volume might be inflated. They argue it doesn’t reflect real economic activity and shouldn’t be directly compared with traditional systems like Visa.

Joe, an advisor at Maven 11 Capital, pointed out that professional traders can generate hundreds of millions in volume using very little initial capital.

“If you have $100,000 of USDC on Solana, you can do ~$136 million of ‘stablecoin volume’ for $1 in fees,” Joe said.

He used Solana as an example. Solana is a fast blockchain with extremely low transaction fees—about $0.0036 per transaction. Joe even joked that with $3,400, someone could double weekly stablecoin transaction volumes. He implied that the metric is easy to manipulate and not truly reliable.

Dan Smith, a data expert at Blockworks Research, strongly supported Joe’s view. Dan explained that using flash loans—uncollateralized loans in DeFi—can inflate volume even further at lower costs.

Flash loans allow users to borrow large sums without collateral, as long as they repay within the same transaction. This enables volume manipulation without requiring significant capital, further casting doubt on the numbers cited by Palihapitiya.

Rajiv, a member of Framework Ventures, was even more direct. He called stablecoin volume a “useless metric.” Dan Smith agreed. He added that the unusually high volume often signals exploitative behavior within the system.

Wash Trading and Bot Trading Undermine Economic Value

One key reason experts doubt stablecoin volume is the presence of wash trading and bot trading.

Wash trading involves repeatedly buying and selling between wallets controlled by the same person or entity. The goal is to artificially inflate transaction volume. Bot trading uses automated programs to conduct trades, often for arbitrage or fake liquidity.

A $1 million stablecoin transaction might just be money transferred between two wallets owned by the same person. It adds no real economic value. This contrasts sharply with Visa, where each transaction typically represents a real purchase or payment, like buying goods or services.

Last year, Visa’s dashboard also reported that only 10% of stablecoin transactions were genuine. A wash trading report by Chainalysis found that wash trades involving ERC-20 and BEP-20 tokens could total up to $2.57 billion in volume in 2024.

The post Experts Suspect Stablecoin Transaction Volume May Be Inflated Compared to Visa appeared first on BeInCrypto.

News

Trump Tariffs Spark Bitcoin Revaluation Debate Amid $10 Trillion Equity Rout

Monicah W

Trump’s trade agenda continues to shock global financial markets, prompting a revaluation of Bitcoin (BTC) and equities.

Bitcoin and the crypto market witnessed notable volatility over the last several weeks. This came as traders and investors reeled from the impacts of tariffs under US President Donald Trump.

Bitcoin and Equities May Be On The Cusp Of A Major Revaluation

The recent surge in Trump tariffs has inadvertently positioned Bitcoin as a potential beneficiary. Venture capital firm MV Global highlights the spike in US tariffs in 2025, citing levels last seen in the 1930s. This has triggered more than $10 trillion in equity losses worldwide.

“The resulting capital flight is reshaping investment flows across asset classes,” MV Global noted.

Average tariff rates on US imports
Average tariff rates on US imports. Source: MV Global on X

With liquidity quietly rebuilding, analysts anticipate a major market revaluation, with Bitcoin at the heart of it.

This forecast comes after MV Global’s Global Economy Index recently turned upward. This often precedes broader asset reflation. Notably, the metric tracks both cross-border capital flows and monetary conditions.

“Liquidity is quietly rebuilding across major economies. As the Global Economy Index turns upward, historical patterns suggest Bitcoin and equities may be on the cusp of a major revaluation,” the firm noted.

Indeed, Bitcoin’s performance is already outpacing traditional markets, which adds credence to its average April return of more than 34.4%. Macroeconomic instability and capital flight are the forces behind this seasonal pattern.

Bitcoin’s April seasonality
Bitcoin’s April seasonality. Source: Glassnode

Based on this, analysts argue that the current market outlook mirrors historical periods when investors moved away from dollar-centric systems in search of decentralized alternatives.

Tomas Greif, chief of product strategy at Braiins Mining Ecosystem, agrees. He notes that Bitcoin’s volatility aligns more closely with major equity indexes.

“If you previously thought Bitcoin was too volatile, you may want to re-evaluate your passive investment strategies for retirement,” Greif remarked.

Bitcoin volatility vs. equity indices
Bitcoin volatility vs. equity indices. Source: Greif on X

According to Mathew Sigel, head of digital assets research at VanEck, this emerging macro backdrop may accelerate Bitcoin’s transition from a speculative asset to a functional monetary hedge.

“Bitcoin is evolving from a speculative asset into a functional monetary tool—particularly in economies looking to bypass the dollar and reduce exposure to US-led financial systems,” Sigel wrote.

Sigel’s point reflects a broader trend: Bitcoin is increasingly viewed as a strategic asset as geopolitical and trade tensions mount. This aligns with a recent US Crypto News publication, which indicated how Bitcoin is progressively presenting itself as a hedge against traditional finance (TradFi) and US treasury risks.

Bitcoin’s potential to gain traction as an alternative reserve or settlement asset could grow. This optimism comes as more economies distance themselves from traditional US monetary influence. BeInCrypto reported that Russia is considering Ruble-pegged stablecoin to challenge US Dollar dominance.

As equity markets reel and liquidity rotates, Bitcoin’s resilience could redefine how investors hedge against geopolitical uncertainty.

The post Trump Tariffs Spark Bitcoin Revaluation Debate Amid $10 Trillion Equity Rout appeared first on BeInCrypto.

News

What To Expect From Pi Network in May 2025?

Monicah W

Pi Network has faced a significant setback recently, registering one of the few declines among the top tokens. Currently, Pi is trading at $0.6077, reflecting a 15% drop over the past month. 

This poor performance has left many investors questioning its future, especially as it struggles to show signs of improvement.

Pi Network Needs To Note Inflows

Despite the decline, the Chaikin Money Flow (CMF) indicator reveals that Pi Network has observed some inflows. However, this increase is still stuck in the negative zone, under the zero line. This suggests that while there are occasional inflows, the outflows remain dominant, keeping the altcoin subdued.

The negative CMF reading indicates that selling pressure still largely controls the altcoin price movement. Even though there is some positive market activity, it is not enough to overcome the dominant outflows. 

Pi Network CMF
Pi Network CMF. Source: TradingView

The lack of support from investors is driven by fundamental issues with Pi Network, which Alvin Kan, COO, Bitget Wallet, agreed with, responding to BeInCrypto.

“Pi Network’s initial surge was largely driven by anticipation and years of community mining, but the follow-through has been more muted. As early users began realizing gains, increased token supply met limited exchange listings and a still-developing ecosystem. Without strong utility or broader liquidity, investor demand naturally tapered off. Like many new tokens, Pi is now facing the challenge of transitioning from early hype to long-term value delivery,” Kan told BeInCrypto.

Pi Network’s correlation with Bitcoin is also a point of concern. Currently, Pi shares a correlation of -0.11 with Bitcoin, indicating an inverse relationship. This means that whenever Bitcoin experiences upward momentum, Pi tends to face declines.

With Bitcoin nearing $100,000, Pi Network could struggle to capitalize on Bitcoin’s potential gains, potentially facing further corrections.

Given Bitcoin’s strength, Pi may continue to decline, as its price typically moves in the opposite direction of Bitcoin’s rise. This inverse correlation suggests that even if Bitcoin reaches new highs, PI might not benefit from the broader market rally. Instead, it could face additional downward pressure.

Pi Network Correlation To Bitcoin
Pi Network Correlation To Bitcoin. Source: TradingView

PI Price Needs A Strong Reversal

Pi Network’s price has dropped 15% over the last month, currently sitting at $0.6077. The decline in price, especially after the high expectations surrounding the token, has caused frustration among investors. As the selling pressure mounts, it appears that more investors are pulling their money out of Pi, resulting in ongoing losses for the token.

If this trend continues and Bitcoin’s price continues to rise, the altcoin could experience a further drop. The negative correlation with Bitcoin could result in Pi falling through the $0.6077 support level and heading toward the $0.5192 support. If the trend persists, the altcoin may approach its all-time low of $0.4000, further deepening its losses.

Thus, staying on alert is the best option for any investor.

Pi Network Price Analysis.
Pi Network Price Analysis. Source: TradingView

While the novelty of Pi Network’s minting on the mobile device took off strongly, it did not stick around for long, impacting the price as a result.

“Pi Network’s mobile mining and referral model helped it build a massive user base, but also invited skepticism around sustainability. While the project clarifies that it doesn’t follow a multi-level structure, concerns persist over perceived lack of transparency and real-world use cases. To move past the debate, the focus will need to shift toward building credible utility and expanding access. If that happens, sentiment could recover—but trust takes time,” Kan told BeInCrypto.

However, if market conditions improve and investor sentiment shifts, Pi Network may have a chance at recovery. A breach of the $0.8727 resistance, followed by flipping it into support, could signal a reversal. This would set Pi on a path toward $1.0000, invalidating the current bearish outlook and setting the stage for potential growth.

The post What To Expect From Pi Network in May 2025? appeared first on BeInCrypto.

News

Ray Dalio Sounds Alarm on Global Monetary Order Collapse: Will Bitcoin Benefit?

Monicah W

Ray Dalio, the billionaire founder of Bridgewater, has issued a stark warning that the global monetary order is “on the brink” of collapse.

He pointed to the current administration’s tariff policies as a significant catalyst, arguing that they have fueled deglobalization trends and caused severe trade imbalances.

Ray Dalio’s Warnings: The Coming Challenges to US Economic Superiority 

Earlier this month, President Donald Trump introduced reciprocal tariffs on all imports, setting a minimum of 10% for all nations. Although a 90-day pause followed, the situation worsened for China as Trump increased tariffs on Chinese goods.

The US tariff on most Chinese imports has risen to 145%. In retaliation, Beijing has imposed a 125% tariff on American goods. While reports have circulated that de-escalation could be expected soon, nothing has been confirmed yet.

In his latest essay, Dalio delves deeper into this dynamic, arguing that even if negotiations result in de-escalation, it may not fully undo the damage already inflicted.

“Some people believe that the tariff disruptions will settle down as more negotiations happen and greater thought is given to how to structure them to work in a sensible way.  However, I am now hearing from a large and growing number of people who are having to deal with these issues that it is already too late,” he wrote.

Dalio highlighted that exporters and importers worldwide are now forced to reduce their dealings with the US drastically. He noted that both American and Chinese producers and investors are actively seeking alternative plans to minimize interdependence. 

He believes this trend is becoming broadly recognized across trade, capital markets, geopolitical, and military relations. Dalio argued that the world is nearing a breakdown of monetary, domestic, political, and international order due to unsustainable fundamentals. This situation mirrors past historical shifts in global orders. 

“Though not yet fully realized, it is also increasingly being realized that the United States’ role as the world’s biggest consumer of manufactured goods and greatest producer of debt assets to finance its over-consumption is unsustainable, so assuming that one can sell and lend to the US and get paid back with hard (i.e. not devalued) dollars on their US debt holdings is naive thinking, so other plans have to be made,” Dalio remarked.

The billionaire investor expressed concern that the US risks being bypassed as other countries adapt to these separations, establishing new trade networks and economic “synapses” that exclude the US. This shift could further erode trust in the US dollar, which is already losing ground amid global economic uncertainty. 

While he did not specify which currencies might gain prominence, Dalio has previously advocated for “hard money” assets like Bitcoin (BTC) and gold as hedges.

“I want to steer away from debt assets like bonds and debt, and have some hard money like gold and Bitcoin,” Dalio said during the Abu Dhabi Finance Week (ADFW) in December 2024.

Global Monetary System at Risk: Is Bitcoin the Solution?

The warning has resonated within the cryptocurrency community. Jeff Park, Head of Alpha Strategies at Bitwise, stated that Dalio’s recent comments signal a looming “dedollarization” threat.

Park emphasized that Dalio’s shift from supporting China to acknowledging US economic imbalances suggests the global move away from the US dollar is approaching faster than many anticipate, a concept long recognized by Bitcoin advocates.

“The dedollarization threat is nearer than you and I know,” Park wrote.

Similarly, another expert asserted that the conditions Dalio describes create an ideal environment for Bitcoin. Rex believes these developments could drive Bitcoin to surge significantly within the next 18 months, potentially exceeding market expectations.

This impact is already quite visible as BTC’s value has recovered amid a dropping dollar. Over the past week, it has appreciated by 7.5%. At the time of writing, BTC was trading at $94,985.

BTC Price Performance
BTC Price Performance. Source: TradingView

In fact, market watchers are increasingly bullish on BTC, predicting higher price targets for the largest cryptocurrency. Last week, ARK Invest raised its BTC price forecast from $1.5 million to $2.4 million by 2030. Meanwhile, experts’ forecasts for BTC range from $150,000 per coin to a more optimistic $1 million by the end of 2025.

The post Ray Dalio Sounds Alarm on Global Monetary Order Collapse: Will Bitcoin Benefit? appeared first on BeInCrypto.

TRUMP Coin Team Dumps $20M Tokens Right Ahead of Donald Trump’s Dinner

Monicah W

TRUMP Coin Team Dumps $20 Tokens Right Ahead of Donald Trump's Dinner

The renowned PolitiFi token TRUMP coin has recently seen a surge in price and investor activity, emerging as a hot buzz within the crypto market amid Donald Trump’s dinner invitation to its holders. However, a peculiar dumping spree taken on by the meme token’s team has sparked concerns market-wide lately.

On-chain statistics indicated that the team offloaded $20 million worth of tokens to crypto exchanges on April 29. Meanwhile, in an unprecedented plot twist, Democratic senators pushed for an inquiry into the upcoming dinner for token holders, which appears to have solidified concerns amid the massive dump.

TRUMP Coin Team Offloads $20M To Crypto Exchanges

Lookonchain’s X post on April 29 revealed that a wallet linked to the TRUMP coin team has deposited a whopping $19.6 million worth of tokens to the crypto exchange behemoths Binance, OKX, and Bybit.

As per the data, 700,000 tokens worth $10.21 million were dumped to Binance. Whereas, 350,000 and 296,000 tokens were offloaded to the CEXs OKX and Bybit, respectively.

Trump Coin Team Activity
Source: Lookonchain, X

Primarily, the massive deposits highlighted above indicate that the token supply on exchanges rose considerably. In response, market watchers eye the dumps with some caution, whereas the recent probe into Donald Trump’s upcoming dinner has rung further alarms.

Democrats Push For Inquiry Into The Upcoming Dinner

U.S. Sen Adam B. Schiff and Elizabeth Schiff have recently called for an inquiry into the upcoming Donald Trump dinner for top investors in his PolitiFi token. Notably, the Senators have requested U.S. Office of Government Ethics Director Jamieson Greer to launch a probe into the matter.

“We write to request an urgent inquiry regarding President Trump’s invitation for top investors in his meme coin, $TRUMP, to join him at an intimate private dinner and private VIP reception, which led to a subsequent surge in investment in the President’s digital asset that increased its value by approximately $100 million,” Schiff & Warren wrote in their filing.

The dinner for the top 220 investors in the PolitiFi token will occur on May 22, 2025. Intriguingly, CoinGape reported that market watchers believe TRON founder Justin Sun is attending this dinner, among many other renowned personalities.

Meanwhile, the PolitiFi token’s price traded at $13.95 at the time of reporting, extending weekly gains to nearly 70% amid the President’s dinner buzz. However, despite the rising price action, a TRUMP coin price prediction by CoinGape revealed that bears remain dominant on the token, per the 3-month bias indicator.

Additionally, investors’ apprehension took a further hit as Coinglass data showed an 8% drop in the token’s futures OI to $734 million. Further, even the derivatives market volume saw a 13% decline in value to $2.70 billion. Traders and investors are now left speculating over future price actions amid uncertain market dynamics and soaring optimism in light of the upcoming dinner.

The post TRUMP Coin Team Dumps $20M Tokens Right Ahead of Donald Trump’s Dinner appeared first on CoinGape.

MultiBank Group: How MBG Token’s Deflationary Design Could Set It Apart In This Saturated Market

Monicah W

mbg

Cryptocurrency continues to redefine the global financial landscape, and exchange tokens are central to this transformation. The $MBG token from MultiBank Group represents a superior choice among new tokens because it combines distinct features with firm financial backing and encouraging expansion possibilities. Let’s delve into how $MBG is more than just a token, it’s a bridge to the future of finance.

Reasons Behind MultiBank Group’s MBG’s Potential Success

I.  $MBG’s Deflationary Model: Designed for Long-Term Growth

  • Deflationary Tokenomics: The $MBG token has one of the maximal application-focused core features, carefully engineered to make values accrue for holders over time. Aggressive Buyback and Burn Strategy: MultiBank Group is executing a buyback and burn strategy of $440 million by which, within four years, the company intends to cut $MBG supply by half, reducing its circulating supply drastically. The measure eventually lowers the overall supply of the token, thus increasing its price because of scarcity.
  • Value Growth through Strategy: With each token that gets burnt, the lifetime supply will gradually be deflated and become more scarce. This model has been spectacularly successful thus far in other cryptocurrencies and sets up $MBG for substantial future growth.
  • Investor Support: Such a strategy that brings about scarcity will surely be a safeguard against inflation, making $MBG a desirable proposition for those who want to invest more if not solely for the long term.

II. The General Usages of $MBG in the Ecosystem of MultiBank Group.

The real value of $MBG is even beyond being an exchange token. MultiBank Group has embedded really many levels into the ecosystem layers where this $MBG finds great use to even bring forth real benefits into the users’ lives.

  • Fee Discounts on MultiBank Platforms: Selected trading fees for holders on MultiBank FX, MEX Exchange, and MultiBank.io would bring enhancements to the entire trading experience and attractiveness for $MBG.
  • Exclusive staking rewards: While holding $MBG tokens, the investors are subjected to earning a high APY while also receiving other earning bonuses from loyalty programs and special token drops. Each reward gives the holders an extra reason to stay engaged with the ecosystem.
  • Access to Premium Services: In addition to IEOs and advanced tools, premium services are awarded to $MBG token owners, with the added advantage of traders of all skill levels.

III. MultiBank Group’s Trustworthy Foundation: A Safe Bet for Investors

Investors gravitate toward tokens that are backed by strong institutions, and $MBG has this advantage in spades. MultiBank Group is a well-established financial institution with over 20 years of experience in the industry.

  • Regulatory Licenses: With licenses in 17 jurisdictions, MultiBank Group operates in a highly regulated environment, which adds an extra layer of credibility and trust for $MBG holders.
  • Impeccable Financial Infrastructure: With one of the most trusted tokens in existence with a monumental $29 billion daily turnover, the Multibank Group is now setting at that level.
  • Highest-Tier Security: Rigorous practices put in place by the group guarantee that external threats cannot attack the $MBG token.

IV. A Glimpse into the Future: $MBG and the Expanding MultiBank Ecosystem

MultiBank Group’s ongoing growth presents huge potential for $MBG. Determining the expansion of a platform will increase the $MBG exposure within the comprehensive crypto-financial ecosystem.

  • MEX Exchange Expansion: MEX Exchange is expected to optimize the daily trading volume of $460 billion, creating a backflow into liquidity, hence increasing the better value of the tokens $MBG.
  • Global Reach: Because MultiBank Group exists in more than 25 countries, $MBG will have access to varied international markets and logical real-world demand.

Comparing $MBG to Major Competitors: Is It Worth Investing?

Let’s take a closer look at how $MBG compares to other established exchange tokens:

Feature MBG (MultiBank) BNB (Binance) KCS (KuCoin) CRO (Crypto.com)
Utility Fee discounts, staking, premium features Fee discounts, staking Fee discounts, staking Fee discounts, staking
Buyback & Burn $440M program, 50% burn Regular burn cycles, quarterly, aiming at a 50% reduction 30% of spot trading fees 20% transaction fees
Global Reach 25+ countries Global presence Growing international presence Broad global presence
Regulatory Compliance 17 licenses worldwide Regulatory challenges Limited coverage Some regulatory scrutiny

Why Invest in $MBG: The Case for Growth

With its unique characteristics, the token’s position renders it an ideal candidate for short-term rewards and long-term value. With respect to its:

  1. Buyback and burn program that caters to scarcity
  2. Utility in the real world
  3. Institutional backing and regulatory compliance

Risk Considerations: Understanding the Market Dynamics

Even though $MBG has several advantages, an investor should remain cautious before plunging into the investment:

  • Market Fluctuations: Like other crypto assets, the value of $MBG is subject to external disturbances. It may arrive under pressure from the problems of market sentiments or regulatory alterations.
  • Competitive landscape: Renowned tokens such as Binance’s BNB and OKB are tough competitors, and $MBG has to keep distinguishing itself in order to gain some market share.
  • Execution risk: The issuance of buyback and cancel policies depends on the accomplishment of growth targets by the platforms provided by MultiBank.

Conclusion: Why $MBG is More Than Just Another Exchange Token

From traders to investors, both can seize advantageous opportunities through the $MBG token base of a fast-growing market infrastructure. The combination of distinctive features backed by institutional support and regulatory standards positions $MBG exchange token as superior to alternative tokens available in the market. As MultiBank Group expands its operations, the future of the $MBG token appears very promising, thus establishing it as an essential financial instrument to monitor throughout the upcoming years.

The post MultiBank Group: How MBG Token’s Deflationary Design Could Set It Apart In This Saturated Market appeared first on CoinGape.

How High Can XRP Price Rise as Ripple CEO Wants to Capture SWIFT’s Trillion-Dollar Share of Cross-Border Payments?

Monicah W

How High Can XRP Price Rise as Ripple CEO Wants to Capture SWIFT's Trillion-Dollar Share of Cross-Border Payments?

The XRP community is rife with speculation after Ripple’s CEO, Brad Garlinghouse, stated that Ripple’s goal is not to integrate with SWIFT but to outpace the traditional network and capture its trillion-dollar cross-border payments industry. If this happens, the XRP price would record an explosive rally, but how high would it rise? Let’s explore.

XRP Price Today

XRP value today trades at $2.28, with a daily high of $2.35 and a low of $2.25. The second-largest altcoin recently formed a higher high, which may have kickstarted an uptrend, with traders eagerly watching whether it will overcome the uncertainty in the broader market and push higher.

How High Can XRP Price Rise as Ripple CEO Wants to Capture SWIFT's Trillion-Dollar Share of Cross-Border Payments?
XRP/USDT: 4-Hour Chart

However, despite XRP price remaining at weekly range highs, trading volumes had declined by 4% to $3.9 billion at press time per data from CoinMarketCap, suggesting that the recent buying pressure driven by ProShares XRP ETF news might be fading. Nevertheless, Garlinghouse’s comments on Ripple’s plans to overtake SWIFT may spark the next XRP bull run.

Ripple Wants To Capture SWIFT’s Trillion-Dollar Cross-Border Payments Industry

Ripple’s CEO was speaking during an interview with Fox Business, where he stated that there was a “massive” opportunity for the company in the cross-border payments industry. Despite SWIFT dominating this sector, Ripple notes there is a gap that can be filled by modernising it to achieve more efficiency and boost value for XRP price. He said,

“The market opportunity here is massive. You have trillions of dollars flowing across borders globally. It’s still dominated by the SWIFT network, and that’s a technology architecture that was developed 50 years ago. There is an opportunity to modernise.”

This statement suggests that Ripple plans to leverage blockchain technology to boost efficiency in the cross-border payments industry by replacing SWIFT’s old technology. If Ripple successfully taps this trillion-dollar market, it could spark massive gains for the XRP price.

How High Can XRP Price Rise?

XRP price will make an explosive rally if Ripple manages to capture the global cross-border payments industry, which is valued at more than $194 trillion and estimated to reach $320 trillion by 2032. However, considering that SWIFT has been operational for decades, replacing it could take several years.

However, even if Ripple captures just a fraction of this industry, say $20 trillion, the XRP price could explode. Grok3 uses liquidity and XRP’s 58 billion circulating supply to estimate that,

“If XRP captures $20 trillion of the $194 trillion global cross-border payments industry, its price could rally to approximately $48.89 per token based on utility-driven demand.”

Meanwhile, DeepSeek projects that Ripple capturing SWIFT’s trillion-dollar industry would also spark adoption from banks and other payment providers, in which case the XRP price could skyrocket to $34.

Considering the above XRP price prediction, it is clear that if Ripple were to capture even a small fraction of SWIFT’s cross-border payments, this token could register over 15x gains within a short time. This indicates that cross-border payments is one of the major industries that Ripple needs to tap into to derive value for XRP.

Summary

XRP price will make explosive gains if Ripple is successful in overtaking SWIFT and dominating the cross-border payments industry. If Ripple taps a tiny fraction of this industry and processes around $20 trillion payments annually, XRP could soar nearly 15 times, which will result in a surge in market cap and see the token dominate the crypto market.

The post How High Can XRP Price Rise as Ripple CEO Wants to Capture SWIFT’s Trillion-Dollar Share of Cross-Border Payments? appeared first on CoinGape.

FTX Launches Lawsuit Against Token Issuers To Recover Assets

Monicah W

FTX Launches Lawsuit Against Token Issuers To Recover Assets

FTX has taken legal action against two token issuers in a valiant attempt to recover its assets. The embattled exchange says it will begin lawsuits against entities in possession of its assets that refuse to cooperate in a last-ditch attempt to fulfill bankruptcy obligations.

FTX Rolls Out Full Legal Armada Against Token Issuers

According to a press release, FTX says it has opened lawsuits against token issuers with its assets that have avoided negotiations. Per the release, FTX’s latest legal case targets NFT Stars Limited and KUROSEMI for failing to engage with FTX to resolve the issue.

FTX says the decision to head to the courts is a last-ditch effort to bring unresponsive token issuers to the negotiation table. The exchange claims that the duo of NFT Stars Limited and KUROSEMI owes the bankrupt exchange contractually entitled tokens.

Per the statement, the exchange notes that previous attempts to seek an amicable resolution with the duo have gone unanswered.

“Our team continues to work tirelessly to maximize recoveries for the FTX Estate and return funds to creditors including by filing two complaints against issuers who have repeatedly ignored our attempts to engage,” said FTX.

FTX is racing to recover its assets to fulfill its obligations to creditors after its implosion in 2022. After its bankruptcy filing, the exchange uncovered a trail of misappropriation with a sizable amount of its assets helped by third-party token issuers.

To fulfill its obligations, FTX unlocked $21M SOL as part of its creditor repayment plans, but the troubled exchange faces an uphill climb.

Beleaguered Exchange Issues Warning To Issuers

In the press release, FTX notes that it will not be resting on its laurels after commencing legal action against KUROSEMI and NFT Stars Limited. The firm says it will double its efforts to recover its assets, urging entities to respond to correspondence on the matter.

“We urge token and coin issuers to return assets that rightfully belong to FTX, and are willing to initiate litigation barring adequate engagement,” read the press release.

FTX is receiving legal representation from Sullivan & Cromwell, while Alvarez & Marsal North America is serving as financial advisor. In other news, sport apparel brand Nike is the subject of a $5M lawsuit alleging a rugpull, following its closure of NFT marketplace RTFKT.

Despite the heightened activity, the FTX token continues its steep descent, losing nearly 3% over the last day. Bitcoin price climbing above $95K failed to trigger a similar rally for FTT as bankruptcy proceedings reach a fervent pitch.

 

The post FTX Launches Lawsuit Against Token Issuers To Recover Assets appeared first on CoinGape.

FTX Takes Legal Action Against Token Issuers Over Unprovided Assets

Monicah W

The post FTX Takes Legal Action Against Token Issuers Over Unprovided Assets appeared first on Coinpedia Fintech News

FTX has launched legal action against NFT Stars Ltd. and KUROSEMI INC. (d/b/a Delysium) for failing to deliver tokens it is entitled to under contract. This step follows numerous attempts to resolve the issue without litigation. FTX plans to reach out to other token and coin issuers with outstanding assets and will file additional lawsuits against those who remain unresponsive. The company urges these parties to engage promptly to avoid further legal action.

The post FTX Takes Legal Action Against Token Issuers Over Unprovided Assets appeared first on Coinpedia Fintech News
FTX has launched legal action against NFT Stars Ltd. and KUROSEMI INC. (d/b/a Delysium) for failing to deliver tokens it is entitled to under contract. This step follows numerous attempts to resolve the issue without litigation. FTX plans to reach out to other token and coin issuers with outstanding assets and will file additional lawsuits …

Gate Dubai Secures Full Operational Licence from VARA for Crypto Exchange Services

Monicah W

The post Gate Dubai Secures Full Operational Licence from VARA for Crypto Exchange Services appeared first on Coinpedia Fintech News

Gate Group has officially announced that its subsidiary, Gate Technology FZE (“Gate Dubai”), has been granted a full Virtual Asset Service Provider (VASP) license by Dubai’s Virtual Asset Regulatory Authority (VARA). The license allows Gate Dubai to offer exchange services to institutional, qualified, and retail investors, reinforcing Gate Group’s commitment to regulatory compliance and global expansion.

A Major Milestone for Global Strategy

Dr. Han, CEO and founder of Gate Group, described the full VARA license as a significant achievement for the company. He noted that Dubai is one of the most forward-looking markets for crypto, and securing this license moves Gate Group closer to its goal of becoming a fully compliant global platform. Dr. Han emphasized that the company remains focused on building a secure, transparent platform designed to protect its users.

Gate Dubai is now preparing for its full launch. The team is expanding rapidly, and the platform will soon allow users to trade cryptocurrencies with each other or swap crypto for fiat currencies — all under the strict regulatory framework set by VARA.

Gate Dubai to Boost Local Crypto Market

The Head of Gate Dubai stated that the company plans to combine its global expertise with the local market’s needs. By aligning with Dubai’s fast-growing crypto ecosystem, Gate Dubai aims to deliver safe, fast, and professional services, fully compliant with local regulations. The company sees Dubai as a critical part of its future expansion plans.

Growing Global Compliance Network

Dubai’s rise as a crypto hub played a key role in Gate Group’s decision to enter the Middle East market. The Group’s compliance-first strategy has already secured regulatory approvals across Lithuania, Argentina, Malta, Italy, Gibraltar, the Bahamas, and Hong Kong.

Gate Group also expanded its global footprint last year by acquiring Coin Master, a licensed exchange in Japan. These efforts further strengthen its position among leading players focused on regulatory compliance and global reach.

The post Gate Dubai Secures Full Operational Licence from VARA for Crypto Exchange Services appeared first on Coinpedia Fintech News
Gate Group has officially announced that its subsidiary, Gate Technology FZE (“Gate Dubai”), has been granted a full Virtual Asset Service Provider (VASP) license by Dubai’s Virtual Asset Regulatory Authority (VARA). The license allows Gate Dubai to offer exchange services to institutional, qualified, and retail investors, reinforcing Gate Group’s commitment to regulatory compliance and global …