Twenty One Capital is expanding its Bitcoin holdings through a $100 million capital injection from the sale of convertible notes. Armed with additional cash, the Tether-backed company aims to close the gap between itself and MARA Holdings. Twenty One Capital Secures Capital Raise To Buy Additional Bitcoin Tether-backed Twenty One Capital shows no signs of slowing its Bitcoin accumulation spree. In an 8-K filing, the newly formed firm announced the sale of additional convertible notes, raising $100 million from investors. The funds will purchase more Bitcoin, expanding the company’s holdings as the BTC arms race intensifies. Twenty One Capital currently holds 31,500 BTC on its balance sheet, ranking as the third-largest public holder of Bitcoin, behind Strategy and MARA Holdings. While Michael Saylor’s Strategy is miles ahead with its near-600,000 BTC, flipping Mara Holding is within reach for Twenty One Capital. Previously, the company purchased 4,812 BTC for $458.7 million,… Read More at Coingape.com
OpenAI, the parent company of ChatGPT, is building a new social media platform to compete with Elon Musk’s X. Sources close to the firm disclosed that the platform will focus on sharing ChatGPT-generated images. This move could spark fresh competition in the social media space.
The OpenAI Social Media App
As reported by The Verge, OpenAI has begun testing an early version of a social app. The prototype is built around a feed that allows users to share images created using ChatGPT’s image generation tool.
Per the update, the platform is still under development. However, insiders revealed that it is already functional to some degree. The company’s CEO, Sam Altman, has been discreetly gathering feedback from people outside the company.
Known to take on competitors, the firm has introduced different products this year. As reported by CoinGape, in response to DeepSeek, the AI firm launched ChatGPT Gov, a move designed to drive security and efficiency. The company hopes to build on this momentum.
While it remains unclear whether this new social platform will be a part of the ChatGPT app or a completely separate product, the aim is clear: to give people a space to share visually striking content powered by OpenAI’s technology.
The platform’s design supports easy sharing of creative posts, focusing on making content stand out. There is no official release date for now, and OpenAI has yet to comment on the development.
However, this direction fits a growing trend among tech companies using social platforms to collect fresh data that improves their systems. By launching its app, OpenAI would gain direct access to content and user interactions, much like its competitors.
Can It Match The Elon Musk Everything App, X?
OpenAI’s new project will likely find itself going head-to-head with Elon Musk’s X, formerly known as Twitter. Musk’s platform has grown into a space for real-time discussions, news, and user opinions. It also plays a key role in feeding data to Musk’s AI assistant, Grok.
Earlier this year, Musk made headlines with a $97.4 billion offer to buy OpenAI. At the time, Sam Altman declined the offer with a light jab, saying he could buy X for less.
The rivalry between the two tech leaders is no secret, and this social media move could intensify it. OpenAI now faces the task of creating a platform that captures users’ interest without mirroring X’s established format.
OpenAI Sees Confidence Boost With Ghibli Trend
It is important to say that OpenAI’s recent breakthrough with the Ghibli trend may be fueling confidence in this new direction.
After the release, social media was flooded with anime-style images made using ChatGPT. The buzz grew stronger when Elon Musk shared a Ghibli-themed post; igniting takes of a possible $2 retest for Dogecoin.
Interestingly, the product’s rise in popularity pushed ChatGPT to become the most downloaded app last month. This level of attention suggests that OpenAI already has what it takes to drive interest in its new platform.
eToro’s Yoni Assia Joins Squawk Boxto unpack the firm’s Nasdaq IPO, $50M Bitcoin bet, and fintech future. With 130+ crypto assets and a $5.5B valuation, eToro eyes Gen Z’s $140T wealth shift, leaving behind rivals like Robinhood.
Imagine this: buying Bitcoin at $5 and flipping it for a $50 million profit. That’s the daring move eToro, led by CEO Yoni Assia, pulled off in the early 2010s, well before crypto fever grabbed the world.
In a recent CNBC interview, Assia spilled the details on eToro’s early gamble, a story of foresight, fortune, and a boardroom decision that still stings.
‘Bitcoin is Not Our Business’, eToro Board
eToro dove into crypto when it was an unknown territory. “We were very early,” Assia said, recalling how the company’s treasury snagged Bitcoin at $5, only to watch it rocket to $50,000.
The board, wary of straying from eToro’s core, forced a sale at $50 million as they cleared that Bitcoin is not their business area. Assia, with a sneaky grin, hinted he might’ve “fired” those cautious board members.
eToro’s Nasdaq Sees $192M Profit, Crypto Fuels 25% of Trades
This week, eToro hit a major milestone, listing on Nasdaq after shelving a 2021 SPAC plan. Patience paid off: 2024 saw $192 million in net income, with crypto driving $12 million. Crypto trading now fuels 25% of eToro’s business, up 10% from last year, with over 130 digital assets offered globally.
Vitalik’s eToro Connection
eToro’s crypto cred runs deeper. Ethereum’s Vitalik Buterin once worked from their offices before launching his blockchain revolution, a nod to eToro’s early clout. This only highlights how early eToro was in crypto before the big fintech firms roped in.
It felt like eToro entered Bitcoin in its early stage, only to fumble it. However, it could not be part of their core investment strategy.
Crypto’s Lasting Impact
Assia remains steadfast: “Crypto is here to stay.” While stocks now drive 75% of revenue, and keep a quarter for digital currency trading. From a $5 Bitcoin bet to Nasdaq’s bright lights, eToro’s journey reflects crypto’s meteoric rise, and its story is far from over.
In a Nutshell
Yoni Assian’s eToro bought Bitcoin for $5 in its initial days, only to sell it at $50,000. Well, the board members, specially eToro may still feel like it was a bad move and should have HODL.
Nevertheless, with some top crypto leaders like Changpeng Zhao seeing Bitcoin cross $1M in the coming years, will Yoni’s eToro consider making a fresh start?
The post eToro CEO Reveals $5 Bitcoin Buy and $50M Exit – Here’s the Wild Story appeared first on Coinpedia Fintech News
eToro’s Yoni Assia Joins Squawk Box to unpack the firm’s Nasdaq IPO, $50M Bitcoin bet, and fintech future. With 130+ crypto assets and a $5.5B valuation, eToro eyes Gen Z’s $140T wealth shift, leaving behind rivals like Robinhood. Imagine this: buying Bitcoin at $5 and flipping it for a $50 million profit. That’s the daring …
XRP price has regained momentum in 2025 following major regulatory and a native stablecoin launch. Here’s how far $10,000 worth of XRP could reach by Citi Group’s recent prediction materialises.
Ripple (XRP) holds $2.20 support despite weekend recess
Ripple (XRP) posted resilient price action over the weekend despite thinning market volumes. XRP maintained its crucial $2.20 support level, closing Sunday near $2.25 with a 2.3% daily gain.
According to Coingecko data as of Sunday April 26, XRP’s 24-hour trading trended within tight range between $2.17 and $2.25, reflecting active buying support.
More so, XRP trading volume came in at $3.1 billion, signaling continued institutional and retail interest even during a low-liquidity weekend. XRP’s 7-day performance shows a 9.3% gain, while the monthly chart reflects a 3.0% increase.
Ripple (XRP) Price Action, April 27, 2025 | Source: Coingecko
Notably, XRP has outperformed Bitcoin and Ethereum on several short-term timeframes.
Over the past year, XRP is up an impressive 332.7%, following favorable court rulings and major product rollouts, including the RLUSD stablecoin launched.
The current price trend suggests that XRP has established a steady support above $2.20, as bulls pine for potential continuation toward higher tops in Q2 2025.
Citigroup’s $1.6 Trillion Stablecoin Prediction Positions XRP to Reach $15 by 2030
Citigroup released a landmark report last week forecasting that the global stablecoin market could expand to $1.6 trillion by 2030.
This forecast arrives as stablecoin legislation gains momentum in the U.S., with the Genius Act under review in Congress aiming to establish a clear regulatory framework for dollar-backed digital assets.
Ripple’s strategic launch of RLUSD, its native U.S. dollar stablecoin, positions the company to capitalize on this projected growth. RLUSD directly integrates into Ripple’s payment corridors and liquidity hubs, offering seamless stable-value settlement.
If stablecoins dominate future cross-border payments, as Citigroup expects, XRP’s surrounding ecosystem will see significant network effects.
Government adoption of blockchain falls into two categories: enabling new financial instruments and system modernization. Stablecoins are now major holders of US Treasuries, starting to influence global financial flows. Their growing adoption reflects sustained demand for US dollar-denominated assets. Systems are upgraded by integrating shared ledgers to enhance data synchronization, transparency and efficiency.
Artem Korenyuk, Digital Assets – Client, Citi
The political leaning under Trump has further improved U.S. regulatory stance on digital assets. Increased adoption of RLUSD in global payments may amplify transaction volumes on RippleNet, ultimately driving XRP’s price toward $15 well before the 2030 mark.
Three factors could propel XRP price growth over the next five years:
Institutional Stablecoin Adoption: Ripple’s RLUSD could capture a significant share of future cross-border settlement flows.
Favorable U.S. Crypto Regulation: Regulatory clarity will enable banks, payment providers, and corporations to integrate XRP without fear of enforcement actions.
Ripple expanding Partnerships: Ripple’s ongoing expansion into global payments and international settlements could also boost network transactions and increase organic demand for XRP.
XRP Price Prediction 2040: Here’s How Much $10,000 in XRP Could Grow if It Reaches $15
If XRP reaches $15, the value of a $10,000 investment today would grow substantially. At the current price of $2.25, $10,000 would buy approximately 4,444 XRP tokens. If each token appreciates to $15 by 2040, the total value would be $66,660.
This projection assumes no major dilution from new token issuance and stable macroeconomic conditions supporting digital asset valuations.
Even under conservative scenarios where XRP only partially fulfills its potential, a $10,000 stake today could still outperform traditional equity and bond returns over a fifteen-year horizon.
Long-term investors should monitor Ripple’s expansion of RLUSD usage and adoption in daily payments technologies.
Each of these metrics will be critical in determining whether XRP can transition from a volatile trading asset to a major player in global digital payments by 2030.
