XRP News: Ripple Moves 200M Coins As Price Holds $2 Support, What’s Happening?

Monicah W

XRP News: Ripple Moves 200M Coins As Price Holds $2 Support, What's Happening?

In the latest XRP news, Ripple has recently moved 200 million coins, fueling speculations in the market. Meanwhile, this comes as the crypto holds the $2 support despite recent volatile trading. Besides, amid the ongoing speculations, a renowned analyst has predicted a potential rally for the token ahead to $19, especially amid the soaring buzz after the recent successful US ETF launch.

XRP News: Ripple’s 200 Million Move Fuels Speculations

Leading on-chain transaction tracker Whale Alert reported that Ripple shifted 200 million XRP recently, worth around $402.78 million, to an unknown address. The transaction was made from Ripple’s wallet, identified by the wallet address “rBg2F…1o91m”, and was sent to an unknown recipient address “rP4X2…sKxv3”.

Meanwhile, such high-volume transfers typically fuel investor concerns and curiosity. Some speculate Ripple could be preparing for strategic positioning in anticipation of regulatory clarity. Others suggest the transfer might be linked to OTC trades or internal wallet management. However, there are no official comments on this latest XRP news.

However, the timing of this move also coincides with recent legal developments in the Ripple vs. SEC lawsuit, adding another layer of speculation to the event.

Ripple Vs SEC Case Update

In another latest XRP news, Ripple and the US SEC have submitted a joint legal filing. As per the filing, both parties have requested the US Court of Appeals for the Second Circuit to pause the ongoing proceedings.

This comes after the settlement of the major parts of the XRP lawsuit. If granted, the motion could give Ripple more flexibility and time to navigate its next legal and business steps. The request to keep the appeal “in abeyance” indicates both parties are aiming for a smoother closure pending final court approval. Notably, this move may also influence institutional sentiment, especially following the recent ETF-related excitement.

XRP ETF Success Aids In Price Surge: Rally To Sustain?

The first XRP ETF has noted a successful launch in the US this week, which has sparked market optimism. Amid this, XRP price has jumped about 1% in the last 24 hours to reach $2.01. Notably, the crypto has touched a 24-hour high and low of $2.03 and $1.93, respectively, reflecting the volatile scenario in the market.

Besides, the active addresses holding Ripple’s native asset has also touched a new high recently. This indicates that more investors are shifting their attention towards the asset.

What’s Next?

However, amid this, renowned expert EGRAG CRYPTO said that the XRP price may hit $19 or even $45, citing historical trends. According to the expert, if XRP mimics the 2017 or 2021 cycle, it can rally by 2700% or 1,050% to hit $45 or $19, respectively.

This also comes after the expert highlighted the XRP/BTC chart and said that the crypto could hit $22 if BTC rallies to a new ATH ahead.

The post XRP News: Ripple Moves 200M Coins As Price Holds $2 Support, What’s Happening? appeared first on CoinGape.

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Bolivia Turns to Crypto Payments for Fuel Imports Amid Economic Struggles

Bolivia Turns to Crypto Payments for Fuel Imports Amid Economic Struggles

Bolivia Approves Crypto Payments for Fuel Amid Economic Challenges

As per the latest information, YPFB has developed a system to carry out crypto transaction on imported fuel. This, the company said, will assist in solving the scarcity of the US dollars that has occasioned the challenge of fuel importation in the country.

A spokesperson for YPFB confirmed that while crypto transactions had been approved, the firm had not yet initiated any purchases using digital currencies. However, the plan is expected to be implemented soon to support the country’s fuel subsidy programs.

Bolivia, which was once a major energy exporter, has faced a decline in domestic gas production. The lack of new gas discoveries and reduced exports have contributed to a shortfall in foreign currency reserves. As a result, the country has become increasingly dependent on fuel imports to meet domestic demand.

With the growing crypto payment adoption, regulatory policies are shifting to accommodate the expanding industry. Most recently, Donald Trump revealed plans to sign an executive order to reverse banking restrictions on crypto firms, easing their access to financial services. This move aims to reshape U.S. crypto policy by rolling back limitations imposed during the Biden administration.

Government Aims to Stabilize Fuel Market with Crypto Payments

Officials have stated that crypto payments will be used strategically to support the country’s fuel market. By leveraging digital assets, Bolivia aims to ensure a continuous supply of fuel without disruptions caused by currency shortages. This decision aligns with broader efforts to explore alternative financial solutions amid economic pressures.

Despite this move, authorities have not specified which cryptocurrencies will be used for transactions. 

With the growing crypto payment adoption, Ripple recently expanded its services to Portugal and Brazil through a partnership with Unicâmbio. The collaboration enables near-instant, low-cost cross-border transactions using blockchain technology. This move strengthens financial ties between the two nations while reinforcing crypto payments in Latin America.

Russia’s Central Bank Proposes Crypto Trading for Investors

Meanwhile, Russia’s central bank has proposed a limited framework allowing qualified investors to trade crypto assets, including Bitcoin. The plan includes a three-year experimental regime for investors who meet strict financial criteria.

The Russian government has not yet approved the proposal, and cryptocurrencies remain restricted for general use. However, the plan aims to enhance market transparency and regulate investment activities related to digital assets.

The post Bolivia Turns to Crypto Payments for Fuel Imports Amid Economic Struggles appeared first on CoinGape.

Binance Moves Away from Altcoin/BTC Pairs in 2025 – What Investors Need to Know

Altcoin/BTC spot trading pairs were once considered a key channel for investors to increase their Bitcoin holdings. However, this perception is fading. Data indicates a decline in interest, with many Altcoin/BTC pairs delisted in early 2025.

Meanwhile, Altcoin/USDT spot pairs remain the primary avenue for traders seeking profits.

Binance Delists Multiple Altcoin/BTC Spot Pairs

At the beginning of 2025, Binance removed several Altcoin/BTC spot pairs from its platform. Today, Binance announced the delisting of MDT/BTC, MLN/BTC, VIB/BTC, VIC/BTC, and XAI/BTC due to low liquidity and trading volume. This is not the first such announcement this year.

“To protect users and maintain a high-quality trading market, Binance conducts periodic reviews of all listed spot trading pairs and may delist selected spot trading pairs due to multiple factors, such as poor liquidity and trading volume,” Binance stated.

Since the start of the year, Binance has issued seven delisting announcements, affecting 34 spot trading pairs. Of these, 50% were Altcoin/BTC pairs, while the rest were Altcoin/ETH or Altcoin/BNB. Notably, the delisting of an Altcoin/BTC pair does not necessarily mean its corresponding Altcoin/USDT pair is removed (e.g., ENJ, C98, REZ).

This shift reflects traders’ preference for Altcoin/Stablecoin pairs, likely due to better liquidity and lower risk exposure.

Retail Investors Reduce Bitcoin Holdings While Institutions Accumulate

CryptoQuant data shows that retail investors have been reducing their BTC holdings since Q4 2024, while large investors continue to accumulate.

Bitcoin Holdings of Retail And Large Investors
Bitcoin Holdings of Retail And Large Investors. Source: CryptoQuant.

“Retail is panic-selling. Whales are accumulating,” Investor Mister Crypto commented.

Since the approval of Bitcoin ETFs and the start of Trump’s new term, Bitcoin has become a playground for institutional investors. Retail traders seem less interested, as BTC’s high price is out of reach for many. Instead, they hold fewer BTC and allocate more capital to altcoins, particularly meme coins.

Furthermore, trading Altcoin/BTC pairs exposes traders to two risks simultaneously—the volatility of both altcoins and Bitcoin. Even the most liquid pairs, such as ETH/BTC and SOL/BTC, have shown prolonged downtrends and high volatility, increasing the risk of losses.

Volatility of ETH/BTC and SOL/BTC. Source: TradingView
Volatility of ETH/BTC and SOL/BTC. Source: TradingView

Market analysts also tend to focus on Altcoin/USDT spot pairs, leaving Altcoin/BTC pairs with less attention.

According to CoinMarketCap data, USDT’s daily trading volume exceeds $115 billion, out of a total market trading volume of $147 billion. This confirms that USDT remains the primary channel for traders seeking opportunities.

The post Binance Moves Away from Altcoin/BTC Pairs in 2025 – What Investors Need to Know appeared first on BeInCrypto.

US Justice Department (DOJ) Will Stop Investigating Crypto Exchanges and Wallets

The US DOJ just published a new directive claiming it will stop investigating and criminally charging crypto exchanges, mixers, and offline wallets.

This has produced a mixed response from the crypto community. Some sectors are jubilant about the potential freedom for business, while others fear the growing problem of fraud and criminal money laundering.

DOJ is Moving On From Crypto

The US financial regulatory apparatus has been much more friendly to crypto since President Trump took office. The SEC is reviewing its guidelines, the FDIC is working to prevent future debanking, and the entire political climate is changing.

Today, the Department of Justice (DOJ) released a statement claiming it will no longer investigate crypto entities.

“The Justice Department will stop participating in regulation by prosecution in this space. Specifically, the Department will no longer target virtual currency exchanges, mixing and tumbling services, and offline wallets for the acts of their end users or unwitting violations of regulations,” the DOJ’s statement claimed.

The DOJ’s statement applies to cryptocurrency exchanges, wallets, and crypto mixers like Tornado Cash. It builds on the Department’s previous announcement today, claiming that it disbanded the National Cryptocurrency Enforcement Team.

The department gives itself room to prosecute individual bad actors, but only in specific circumstances.

The US DOJ has been notorious for leading some of the biggest criminal investigations against crypto exchanges, such as Binance and KuCoin. Its critical investigation and charges against Binance led to the record $4.3 billion settlement in 2023.

However, the department is now moving on from crypto. According to today’s announcement, it will even drop any ongoing investigations against such entities immediately.

Also, it will not pursue legal liability for developers whose code is used by others to commit crimes, and it has closed all active investigations.

While it was expected that the department would lower its crypto enforcement under Trump, the complete laissez-faire decision has caught the crypto by surprise. Following the news, Tornado Cash (TORN) surged nearly 10% today.

tornado cash (TORN) price chart
Tornado Cash (TORN) Daily Price Chart. Source: TradingView

The Department also asked regulators to review victim compensation laws. Although this is arguably a victory for crypto, it may also enable future finance crimes.

Will Crypto Crime Run Riot?

Crypto sleuth ZachXBT recently claimed that there is an “eye-opening” level of North Korean activity in DeFi. If the department turns a blind eye to major criminal operations on these exchanges and mixers, it may enable serious violations.

After the announcement first broke, crypto Twitter was filled with users declaring that “crime is legal now.”

Additionally, the industry may be pushing its luck with a dramatic move like this. Crypto scams are at an epidemic level right now, and the market is very uncertain.

The DOJ is disabling its ability to target criminals on exchanges and mixers, with little guarantee that it can enforce the law. In other words, it may be removing critical guardrails to prevent future disasters.

“Crypto lobby: ‘Sure, Trump nixed the Crypto Enforcement Team, directed Major Fraud prosecutors to stop prosecuting crypto cases, and is trying to exempt crypto platforms from the Bank Secrecy Act, but they wrote right here that they care about stopping crypto crime! Reject the evidence of your eyes and ears!’” claimed crypto researcher Molly White.

Overall, it’ll be difficult to fully predict the implications of the department’s new policy on exchanges. For now, this directive will give many crypto-related businesses the freedom to conduct operations as they see fit.

Hopefully, business will proceed as usual without any serious controversies.

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