Florida’s proposed Bitcoin Reserve Bills, HB 487 and SB 550, have officially failed. The state legislature ended its 2025 session on May 2 without taking a vote on either measure. As a result, both bills were indefinitely postponed and withdrawn from further consideration. The proposals aimed to establish a Bitcoin reserve for the state, but they didn’t gain enough traction to move forward. With the session closed, any similar effort would need to be reintroduced in a future session.
Ripple President Monica Long once again caught the XRP community’s attention with her comments about the latest developments. In a recent interview, Long highlighted the recent acquisition and other key insights about the blockchain firm and its products. Besides, she also predicted 2025 to be the best year for Ripple so far, which has further boosted market sentiment.
Notably, her comments come as CEO Brad Garlinhouse also lauded a recent update, signaling a stronger global push for the firm’s financial infrastructure.
Ripple President Monica Long On Hidden Road Deal
Ripple President Monica Long, in an interview with CNBC’s Arjun Kharpal, discussed the firm’s recent acquisition of Hidden Road. The blockchain firm, known for its prime brokerage services, will now play a vital role in enhancing Ripple’s core offerings—payments, custody, and asset tokenization.
Long emphasized that this move directly supports the blockchain firm’s long-standing goal of building robust financial infrastructure for enterprises. Besides, she noted Ripple’s global presence, saying they’ve built their network “brick by brick” with powerful liquidity tools and real-time settlement capabilities.
Meanwhile, she noted that the company now holds more than 60 regulatory licenses worldwide, giving it a solid advantage in delivering end-to-end financial services. Monica Long expressed particular excitement about integrating Hidden Road’s services with Ripple’s ecosystem.
She highlighted that combining prime brokerage, post-trade settlement via the XRP Ledger (XRPL), and Ripple’s institutional-grade custody can unlock major efficiencies. According to the Ripple President, these developments lay the groundwork for Ripple’s most successful year yet.
Besides, recent Ripple Director Craddock has highlighted the potential of the Hidden Road deal and explained the role of XRP Ledger (XRPL) in it.
Ripple CEO Sparks Optimism With Recent XRP Update
Monica Long underlined that Ripple’s strength lies in handling the full financial flow, from liquidity sourcing to last-mile payouts. XRP and the upcoming RLUSD stablecoin will remain central to this infrastructure. With Ripple’s growing stack of services, digital asset utility is expected to skyrocket. She also stated:
“2025 is shaping up to be the best year yet for Ripple.”
Amid the positive updates from Monica Long, Ripple CEO Brad Garlinghouse welcomed the CME Group’s move to introduce XRP Futures on May 19. He said the launch may be “overdue,” but stressed that it marks a major milestone for XRP’s market maturity. Lauding the update, Ripple CEO Garlinghouse said:
“This is an incredibly important and exciting step in the continued growth of the XRP market!”
New York-based legal firm Burwick Law filed a class action lawsuit against the main parties involved in LIBRA, the Argentinian meme coin scandal. The lawsuit specifically targets KIP, Meteora, and Kelsier, but not President Javier Milei.
Over the past few months, the firm has filed several lawsuits against meme coin projects. It alleges serious financial misconduct from all these parties.
Yesterday, Burwick filed another class-action lawsuit, this time centered around the LIBRA meme coin.
“Tonight, our firm filed a class action complaint in the Supreme Court of New York on behalf of our client. We allege that Kelsier, KIP, Meteora, and related parties orchestrated an unfair token launch (LIBRA), allegedly misleading purchasers and harming retail investors,” the firm claimed via social media.
Essentially, Burwick accuses several parties involved with LIBRA of “deceptive, manipulative, and fundamentally unfair” conduct. These people artificially inflated the token’s price and then caused a collapse—otherwise known as pump-and-dump.
Surprisingly, the suit does not name Argentine President Javier Milei as a defendant. In addition to being a significant political figure, Milei also downplayed his direct connections to the debacle.
Instead of targeting him, Burwick’s lawsuit is going after the private companies that directly facilitated the LIBRA launch: KIT, Meteora, and Kelsier.
“The complaint details how, according to our allegations, one-sided liquidity pools were used to artificially inflate LIBRA’s price. We further allege that approximately 85% of supply was withheld at launch, enabling insiders to profit while everyday buyers bore the losses,” Burwick Law stated.
Who Were the Culprits Behind the LIBRA Scandal?
The initial name behind the LIBRA meme coin launch was KIP Protocol, a Web3 AI base layer. However, the firm completely distanced itself from any rug pull allegations.
KIP claimed that it did not launch or profit from LIBRA and that it was only asked “to assist in managing the project’s financing initiative.” The other firms, however, have much clearer connections.
Meteora, a decentralized crypto exchange, was thoroughly involved in LIBRA. The company’s co-founder resigned in the immediate aftermath but maintained his innocence.
Notably, Meteora’s reputation was already damaged by the TRUMP meme coin. This small exchange was the first platform to host the token, which increased its TVL by over 300% in days to over $1.9 billion.
Kelsier Ventures, LIBRA’s market maker, seems especially vulnerable to lawsuits. In a shocking interview, CEO Hayden Davis defended his actions, admitting to past scams and claiming he did nothing out of the ordinary.
Davis was in talks to launch a similar meme coin with the Nigerian government and was recently tied to a Wolf of Wall Street-themed meme coin. It’s no wonder that Davis, of all the names involved with the whole scandal, is the only person with an active arrest warrant against him.
Additionally, data engineer Fernando Molina alleged that these parties tried to launch two other Argentina-centric tokens before LIBRA. A few telltale fingerprints connect it with ARG and MILEI, such as shared wallets, liquidity pools, and timing. Molina suggested that LIBRA’s creators could’ve created these assets as test coins, but isn’t certain.
Assets Possibly Launched By LIBRA Team. Source: Fernando Molina
There are quite a few unanswered questions about the whole LIBRA scandal, and it’s unclear how they’ll play into the lawsuit. Hopefully, investigations can help clear up some of the biggest mysteries.
After all, political meme coin schemes like this can damage the reputation of the whole industry. So, the current lawsuit from Burwick might be in everyone’s best interest.
With the crypto market cap nudging $2.97 trillion and the Fear & Greed Index stuck at a neutral 51, the industry appears to be in a holding pattern as May kicks off. While trading volume has seen a modest lift, the broader sentiment reflects uncertainty. That being said, the Altcoin Season remains on the sidelines, as Bitcoin continues to dominate market behavior.
Bitcoin (BTC) Price Prediction
Bitcoin price is showing stability, currently hovering around $94,999 with a negligible 24H change of +0.01%. Intriguingly, its 7-day volatility has dropped to a 563-day low, suggesting the market is entering a cooling-off phase.
The immediate resistance at $97,000 is being tested softly, while the psychological ceiling at $100k continues to loom large. If bulls gather momentum and push through, the next major target sits around $107,000. On the downside, BTC has strong support near $85,645, a level that held firm during previous dips.
Given its +14.30% monthly return, Bitcoin is showing resilience. But unless volume spikes substantially beyond the current $28.64B, any breakout attempt might be short-lived. We can expect a sideways trend between $92k–$97k before a clearer direction reveals itself.
Ethereum is currently changing hands at $1,810, showing a modest daily gain, however, the monthly loss stands at 1.54%. Trading volume is sliding, down 5.91% in the last 24 hours, adding pressure to a price already dwindling with support zones.
Immediate support lies around $1,700, with a deeper floor at $1,449 and $1,368. If Ethereum fails to defend these levels, the altcoin could spiral further. On the positive side, a reclaim of $1,861 could reignite short-term bullish sentiment. With a positive momentum, ETH could breach $2,000 and challenge the $2,111–$2,550 resistance band.
XRP is priced at $2.22, it’s one of the few major tokens posting a green monthly candle of +4.84%. The 23.45% spike in 24H volume hints at brewing volatility. If bulls can push XRP beyond $2.50, the path to the psychological milestone of $3.00 may open. But failure to do so might lead to another dip, with $2.20 acting as immediate support.
Why is Bitcoin price not moving much despite positive returns?
Bitcoin’s low volatility and stable price reflect a market in waiting, possibly for macroeconomic cues or a high-volume breakout.
What is Ethereum price today?
Ethereum is currently changing hands at $1810.57, with an intraday change of 0.32%.
Can XRP break $3 in May 2025?
While possible, XRP must first overcome the resistance at $2.50. Sustained volume and market-wide bullish momentum would be key drivers.
The post Bitcoin, Ethereum & XRP Price Prediction for May 2025 appeared first on Coinpedia Fintech News
With the crypto market cap nudging $2.97 trillion and the Fear & Greed Index stuck at a neutral 51, the industry appears to be in a holding pattern as May kicks off. While trading volume has seen a modest lift, the broader sentiment reflects uncertainty. That being said, the Altcoin Season remains on …
