As the US Senate’s failure to advance the historic stablecoin bill, the GENIUS Act, has increasingly sparked criticism, Senator Bill Hagerty fuels optimism. In a recent X post, Hagerty claims that the Senate will pass the bill by next week. “Next week, the Senate will make history when we pass the GENIUS Act that establishes the first ever pro-growth regulatory framework for payment stablecoins,” states Bill Hagerty. Will the GENIUS Act Pass Next Week? Senator Hagerty Says Yes According to Senator Bill Hagerty, a top proponent of the GENIUS Act, the US Senate is poised to pass the stablecoin bill next week. Senator Hagerty’s statement comes amid increasing uncertainty surrounding the future of stablecoins in the country. For instance, pro-XRP lawyer John Deaton raised concerns over the potential delay in the crypto reform until 2029 if the GENIUS Act stalls. Further, Bill Hagerty underscored the potential benefits of the stablecoin… Read More at Coingape.com
The U.S. Securities and Exchange Commission (SEC) has approved the first-ever XRP futures ETF, launched by ProShares. This ETF is expected to go live on April 30th, 2025. While it’s not a spot ETF — which tracks the actual price of XRP — it’s still a huge step forward for XRP’s recognition on Wall Street.
The ETF approval comes just a few years after Ripple, the company behind XRP, was locked in a long legal battle with the SEC. Now, XRP is moving from courtrooms to trading floors, joining the ranks of Bitcoin and Ethereum, which already have both futures and spot ETFs.
Some investors were unsure at first, asking, “Why futures and not spot?” But futures ETFs are often the first step. This was the path for Bitcoin and Ethereum, and experts believe a spot XRP ETF could be next. Futures trading allows big institutional investors to take positions on XRP, whether the market goes up or down — a common and healthy part of mature financial markets.
BREAKING: SEC Approves an $XRP ETF — and It’s HUGE
No, it’s not a Spot ETF yet. It’s a Futures ETF — but don’t underestimate what this means.
Here’s the breakdown:
Wall Street attention: Big players have a way to trade XRP. Mainstream legitimacy: XRP is officially… pic.twitter.com/AWHTBjijeR
Experts called the approval a game-changer, pointing out that this move gives major players a way to legally and securely trade XRP. And the good news doesn’t stop there. In Brazil, the XRP H11 ETF has just launched on the country’s main stock exchange, making it the first XRP-focused ETF in the world. This global momentum suggests XRP is no longer being left behind.
Just a few years ago, XRP was under heavy legal scrutiny. Now, it’s being listed on international exchanges, with regulated investment products opening the door for more adoption.
From being targeted by regulators to becoming a favorite of institutional investors — XRP is clearly turning the page.
The post Breaking: XRP ETF Approved, But it’s Not Spot ETF appeared first on Coinpedia Fintech News
The U.S. Securities and Exchange Commission (SEC) has approved the first-ever XRP futures ETF, launched by ProShares. This ETF is expected to go live on April 30th, 2025. While it’s not a spot ETF — which tracks the actual price of XRP — it’s still a huge step forward for XRP’s recognition on Wall Street. …
Cardano price reclaims $0.70 as Hoskinson unveils AI agent rollout; on-chain data suggests highly-correlated altcoins like AVAX and LTC may rally alongside ADA.
Cardano Rallies Past $0.70 as Hoskinson Unveils AI-Powered Network Testing
Cardano price climbed 1.5% to surpass the $0.70 mark on Saturday, reversing weekly losses and building bullish momentum.
Over the past 14 days, ADA price has gained 13.3%, driven by investor optimism surrounding a new network update disclosed by Cardano founder Charles Hoskinson.
In a recent post on X, Hoskinson confirmed that Cardano is launching a testnet for its Leios protocol—an advanced initiative aimed at dramatically increasing transaction throughput.
Positioned within Cardano’s 2025 roadmap, Leios is designed to address scalability and prepare the network for post-quantum cryptographic standards.
What sets this testnet apart is the deployment of thousands of AI agents programmed to interact, trade, and simulate high-frequency network transactions
AI Integration Could Push Cardano’s Market Cap Toward $50 Billion
At the time of writing, Cardano trades just above $0.70, valuing the network at $25.5 billion. If AI integration succeeds in delivering its stated scalability goals, Cardano’s valuation could potentially double in the coming months.
Charles Hoskinson shares updates on Leois protocol initiative, May 2, 2025 | Source: X.com
First, the Leios protocol, by increasing network throughput. With faster settlement and reduced latency, Cardano becomes a more viable infrastructure layer for DeFi, gaming, and tokenized real-world assets.
Second, the use of autonomous AI agents aligns Cardano with a growing global trend. Major corporations are investing in AI-powered workflow automation, from logistics to finance. Each of these factors could potential fuel economic activty and capital inflows towards the Cardano network, potentially doubling its market cap from $25 billion to $50 billion in the coming years.
Cardano Rivals to Watch If ADA Market Cap Doubles on AI Momentum
If Cardano’s AI-driven roadmap delivers results, investors may seek exposure to similar assets showing strong correlation to ADA.
IntoTheBlock‘s Correlation Matrix chart below shows top 10 ranked altcoins and their directional movements relative to ADA price over the last 30-days.
Within this context, correlation values closer to 1.0 indicates strong positive correlation. Over the past month, the following tokens have shown high directional movement alongside Cardano.
Litecoin (LTC) shows the strongest correlation with ADA at 0.97.
Avalanche (AVAX) and Shiba Inu (SHIB) each post a 0.96 and 0.95 correlation, respectively, making them top candidates for joint rallies with ATA.
Dogecoin (DOGE) also shows a 0.95 correlation, reflecting shared interest among retail-heavy communities.
Polygon (MATIC), another high-performance layer-2 network, tracks ADA with a 0.90 coefficient, signaling mutual investor confidence in the scalability narrative.
While correlation indicates movement trends, it does not imply causality. However, these have clearly benefitted from the same investor psychology and directional capital flows that lifted ADA price over the last 30-days.
Cardano Price Forecast Today: ADA Eyes $0.76 Target if Bulls Sustain AI Optimism
Cardano price closed at $0.7110 on May 3, staging a 1.85% daily advance despite subdued trading volumes throughout the week. The ADA/USDT daily chart reflects a short-term consolidation pattern as price action remains boxed within the Keltner Channel boundaries between $0.6816 and $0.7607.
This range-bound movement, coupled with a tapering volume profile, points to indecision in the near term.
However, the latest trend still carries a stronger bullish narrative supported by the recent AI agent announcement from Charles Hoskinson, which has injected fresh speculative interest into the network’s future growth prospects.
The MACD histogram continues to trend upward above the zero line, suggesting ongoing momentum. The MACD line itself has crossed above the signal line—a classic bullish setup. However, the shallow angle and muted volume imply a lack of conviction from traders, warranting caution. Cardano price forecast today is moderately bullish in structure, supported by a successful defense of the $0.68 mid-band level.
While short-term upside could be capped at $0.76, sustained optimism around AI-driven decentralization could help ADA reclaim the March highs above $0.90.
BREAKING: SEC Approves an 
Wall Street attention: Big players have a way to trade XRP.
