In a bold prediction at Token2049, Eric Trump, the second son of US President Donald Trump and executive vice president of the Trump Organization, forecasted the potential emergence of a crypto era. According to Eric, cryptocurrencies are poised to disrupt the traditional financial system, especially the “broken” SWIFT payment system.
Crypto To Disrupt SWIFT, Says Eric Trump at Token2049
Speaking at Token2049, a global crypto conference series, Eric Trump shared insights on the potential growth of the crypto industry, replacing the traditional financial system. Citing its limitations like slow processing speed, high cost, and limited accessibility, Trump forecasted the demise of SWIFT (Society for Worldwide Interbank Financial Telecommunication).
Further, Eric highlighted the advantages of crypto over the SWIFT payment system. As per Eric’s statement, cryptocurrencies are “easy to move and accessible to anyone.” For him, cryptocurrencies have become a game-changer. Reinforcing his argument, Eric stated that the modern financial system is inadequate and “absolutely broken.”
Recently, Eric Trump issued a stark warning that global banks may collapse within a decade if they fail to integrate cryptocurrency. Criticizing existing payment systems like SWIFT, he posited, “SWIFT is an absolute disaster.”
Ethereum’s long-awaited Pectra upgrade took a major step forward as its final test went live on the Hoodi test network. This marks a critical phase before the upgrade is officially launched on Ethereum’s mainnet. If all goes well, developers expect Pectra to go live in the next 30 days. With Pectra’s final test in motion, experts believe the ETH price will see a price surge.
Pectra’s Final Test on Hoodi
The Hoodi testnet is the last of three test networks to run the Pectra upgrade. The first two tests, on Holesky and Sepolia, faced technical issues, making this final test crucial.
Meanwhile, Ethereum developers created Hoodi to ensure all bugs were fixed and that Ethereum’s network runs smoothly before the upgrade officially launches. Thus Pectra aims to improve Ethereum’s user experience by introducing smart contract functionality to wallets.
This means users may soon be able to pay transaction fees using cryptocurrencies other than Ether (ETH), making transactions more flexible and user-friendly.
Why Testnets Matter?
Testnets like Hoodi act as practice grounds for major blockchain upgrades. Developers use them to check for bugs and prevent any issues before launching new updates on the main Ethereum network.
If the Hoodi test runs without problems, Pectra will be closely monitored for 30 days before its official launch.
Ethereum Price Outlook
While the network upgrade is gaining attention, Ethereum’s price has also been making waves. Last week, ETH rebounded nearly 7% from the $1,861 support level and is currently trading around $2,025.
IF it maintains this momentum, Ethereum could aim for its March 7 peak of $2,258. However, for this to happen, the Relative Strength Index (RSI) must move past 39 and cross the neutral 50 mark.
Further market sentiment is showing signs of improvement, with Ethereum’s long/short ratio reaching 1.2287, indicating that long positions are outpacing shorts by 55%. This signals strong buying interest, which could help Ethereum maintain its upward trajectory.
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Ethereum’s long-awaited Pectra upgrade took a major step forward as its final test went live on the Hoodi test network. This marks a critical phase before the upgrade is officially launched on Ethereum’s mainnet. If all goes well, developers expect Pectra to go live in the next 30 days. With Pectra’s final test in motion, …
The XRP price is rising, joining other cryptocurrencies, which have all turned green today. Ripple spiked to $2.30 on Wednesday, its highest level since March 28, and 45% higher than its April low. It has soared by 350% from its lowest level in 2024.Crypto analysts cite its strong technical patterns, a recent statement by Teucrium CEO, and Paul Atkins swearing in as the new head of the SEC.
Crypto Experts Explain the Ongoing XRP Price Surge
XRP price rose as the crypto market boomed after Donald Trump said that he would not fire Jerome Powell. He also expressed hopes that the US will reach a trade deal with China, eliminating the recent tariffs.
Crypto pundits also identify an interview in which Teucreum CEO said that XRP was the only coin with a real utility. He argued that its role to become a SWIFT rival and Hidden Road acquisition will stimulate more utility. More so, the expert hailed the entry of Atkins at the SEC as a top catalyst. This statement came after his company’s recently launched The Teucrium 2x Long Daily XRP ETF reached $34 million in assets.
In a separate note, he credited the rally to the swearing-in of Paul Atkins as the new head of the SEC. He takes over from Gary Gensler, an official who focused on filing lawsuits against crypto companies, including Ripple Labs.
Paul Squire XRP Statement
Meanwhile, Ali Martinez, a crypto analyst with thousands of followers, noted that XRP price had created an inverse head and shoulders pattern on the hourly chart. He expects that the coin will surge towards the resistance at $2.70.
XRP Price Forecast
Another key theme is the upcoming approval of the XRP ETF, which is expected to result in substantial inflows. JPMorgan analysts estimate that these funds will accumulate over $8 billion in inflows in the first 12 months.
Ripple Price Prediction and Technical Analysis
Technicals suggest that the XRP coin price may be ready for a strong bull run. It has formed an inverse H&S pattern on the four-hour chart. Also, it has now jumped above the neckline, confirming the bullish breakout. It has also retested the 50% Fibonacci Retracement level at $2.30.
Additionally, trend and momentum indicators signal that the bullish momentum is intact. For example, the Directional Movement Index (DMI) has jumped to 40. This is a popular indicator used to measure the strength of a trend.
Therefore, the value of XRPwill likely keep soaring as buyers target the 78.6% retracement level at $2.70, which is about 20% above the current level.
XRP Price Chart
A drop below the neckline of the inverse H&S pattern at $2.2 will cancel the bullish outlook as it will mean that there are more sellers in the market.
Coinbase Prime, the institutional arm of the popular cryptocurrency exchange, has announced it will end custody support for 49 altcoins by the end of this month.
The move will affect a range of lesser-known tokens. These include assets associated with niche blockchain projects and even real estate-related tokens.
49 Altcoins Lose Custody Support on Coinbase Prime
“We regularly evaluate the assets we support to ensure they continue to meet our standards. Based on recent reviews, Coinbase Prime will end custody support for 49 assets, effective the end of the month,” the post read.
The impacted tokens include BOSAGORA (BOA), 0chain (ZCN), pNetwork (PNT), Telcoin (TEL), and Oraichain Token (ORAI). The list also mentioned Sentinel Protocol (UPP), Cellframe (CELL), Ideaology (IDEA), and RioDeFi (RFUEL), which cater to different use cases within the blockchain ecosystem.
Even real estate and investment-related assets were impacted. 1717 Bissonnet (1717), The Edison (EDSN), Draper Garland Apartments (GFDG), Forest Crossing Apartments (GFFC), Hello Albemarle (HLAB), etc were some of the mentioned tokens.
While some of the featured tokens saw modest declines, others remained unaffected. In addition, PNT, ORAI, IDEA, and TEL have apprecaited in price over the past day.
Nevertheless, the latest decision to remove these assets suggests that the platform is reassessing its offerings. Coinbase has not disclosed specific reasons for removing these particular assets.
Still, the move could be linked to factors such as low liquidity, market activity, or failure to meet institutional-grade compliance standards. For institutional clients using Coinbase Prime, this change means they will need to transfer or liquidate their holdings before the end of April 2025.
According to its website, Coinbase Prime currently supports over 430 assets. Thus, the shift represents a relatively small adjustment in the broader offering.
However, broader market conditions have negatively impacted the exchange. BeInCrypto reported that Coinbase’s stock experienced a 30% dip in Q1 2025. Moreover, the period marked the company’s worst quarter since the defunct cryptocurrency exchange FTX collapsed.
As Coinbase moves forward in a volatile cryptocurrency market, this decision to delist certain assets seems to be part of a larger strategy to concentrate on more liquid tokens and better serve the needs of institutional clients.
