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XRPTurbo recently has emerged as a standout star within the XRP ecosystem. With its recent rapid growth and impressive roadmap execution, XRPTurbo continues attracting new investors and building unmatched excitement across the XRPLedger community. A Phenomenal Post Presale Success Story Since concluding its oversubscribed presale two months ago, XRPTurbo’s growth has been nothing short of
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A major development shook the cryptocurrency market today after the U.S. Securities and Exchange Commission (SEC) approved the first XRP futures-based exchange-traded fund (ETF). This decision triggered a sharp trading surge, with $30 million worth of XRP ETF shares exchanged within just 30 minutes.
The news has fueled optimism among investors and market watchers, who now anticipate further growth and investment into the XRP market. The launch of ProShares’ XRP futures ETFs is scheduled for April 30, 2025, and has already begun creating strong momentum in trading activity.
The SEC has granted ProShares approval to introduce the first XRP futures ETF in the United States. According to WhaleFUD, $30 million in XRP ETF shares changed hands within half an hour following the announcement.
ProShares is launching three distinct products: the ProShares XRP Strategy ETF, the ProShares Short XRP Strategy ETF, and the ProShares XRP Blend Strategy ETF. These will provide investors with different strategies to gain exposure to XRP’s price movements without owning the digital asset directly.
Market expert John Squire noted, “The real catalyst will come when a Spot XRP ETF gets approved,” but emphasized that this futures ETF as a crucial development. Meanwhile, the XRP community is watching closely as ProShares prepares to bring these products to market.
Following the SEC’s decision, XRP’s price saw an upward movement. Analysts have identified bullish patterns forming on XRP’s price charts. Ali, an analyst stated, “$XRP looks to be breaking out of an inverse head and shoulders pattern, with a potential upside target between $2.70 and $2.90.”
World of Charts, another market analyst, shared, “$XRP after giving a 4x bullish rally, now consolidating within a tight range and building up for another breakout.” They suggested that the price could potentially move towards the $5 mark in the coming weeks if the breakout occurs.
These technical patterns suggest that many traders are positioning themselves ahead of the ETF’s launch and further regulatory developments. The recent price action reflects growing anticipation for broader XRP adoption among institutional investors.
While the futures ETF approval marks progress, the SEC has yet to approve a Spot XRP ETF. Several applications are pending, with decision dates ranging from May to October 2025.
According to Crypto Eri, Bitwise’s application is due on May 18, Grayscale’s on May 21, and 21Shares Core’s on May 22. Other prospects filed by WisdomTree, CoinShares, and Franklin Templeton that have applications pending with expected decisions before October 25.
However, one commenter Reckamech opined that the SEC might approve all the applications on the same day which will deny any of the firms a first mover advantage. Crypto Eri also agreed with it, labelling it as “a very good point.”
Building on this, the introduction of exchange-traded products by Teucrium last week bolster the notion of XRP’s acceptance in conventional financial market. Further, CME Group has recently revealed plans to list XRP futures on its US derivatives market. The entry of CME Group into XRP futures trading indicates that more institutions are now interested in XRP products. This is just like what we saw with Bitcoin and Ethereum back years when their introduction of futures paved way for Spot ETF approvals.
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The post Donald Trump May End IRS DeFi Tax Rule After Senate Vote appeared first on Coinpedia Fintech News
A major tax rule targeting decentralized finance (DeFi) could soon be wiped out, as U.S. President Donald Trump 
Donald Trump
Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election
President
is expected to sign a resolution repealing it. The rule, introduced during the Biden administration, required DeFi platforms to report crypto transactions to the IRS, much like traditional financial institutions.
The Senate voted 70-28 in favor of repealing the rule, following a similar decision by the House earlier this month. The legislation had been widely criticized by the crypto community for being impractical and harmful to innovation. Supporters of the repeal argue that DeFi platforms operate differently from centralized financial entities and should not be subjected to the same reporting rules.
Crypto advocacy groups, including the Blockchain Association, praised the Senate’s decision, calling it a victory for DeFi innovation.
Kristin Smith, CEO of the Blockchain Association, expressed gratitude to Senator Ted Cruz, Representative Mike Carey, and other lawmakers for voting to overturn a rule that could have restricted crypto and DeFi innovation. She emphasized that their leadership helps secure the future of digital assets in the U.S. and is now looking forward to Donald Trump’s final approval to scrap it permanently.
However, some experts argued that the rule was unrealistic and would have placed excessive burdens on decentralized platforms, making compliance nearly impossible.
However, opponents of the repeal, such as Democratic Representative Lloyd Doggett, warned that removing the rule could open doors for tax evasion and illicit financial activities. He claimed that keeping the regulation in place would have helped prevent wealthy investors from exploiting tax loopholes.
With Trump expected to approve the repeal, the rule will soon be off the books. The decision highlights the shifting political landscape around crypto regulation as the industry gains stronger support in Washington. For now, DeFi platforms can breathe a sigh of relief, knowing they won’t have to comply with the IRS reporting requirements that many saw as an existential threat to the sector.
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
The post Donald Trump May End IRS DeFi Tax Rule After Senate Vote appeared first on Coinpedia Fintech News
A major tax rule targeting decentralized finance (DeFi) could soon be wiped out, as U.S. President is expected to sign a resolution repealing it. The rule, introduced during the Biden administration, required DeFi platforms to report crypto transactions to the IRS, much like traditional financial institutions. 3/ Next up? The CRA heads to @realDonaldTrump for …
The post MOONPIG Price Crashes 65% & Kaspa Holds as Punisher Coin See Whale Action: Is this the Next 1000x Pump? appeared first on Coinpedia Fintech News
Is meme coin season peaking, or just getting smarter? Right now, Kaspa (KAS) market sentiment is holding strong after a major network upgrade and a large token unlock. On the flip side, the MOONPIG price crash wiped out over 65% of its value after a single whale took profits, rattling the market. Both show how different the paths can be when hype isn’t backed by structure.
Then comes Punisher Coin ($PUN), flipping the typical meme coin script. It’s not just about hype, it’s about value through action. $PUN lets users earn by participating, creating, and sticking around. This isn’t another short-lived trend. With its pay-to-play model and weekly burns, $PUN is making a serious case as one of the top crypto coins to buy now.
Punisher Coin ($PUN) brings something fresh to meme coin culture, real rewards for real action. Every Punisher Mission pays in USDT or tokens for things like meme contests, crypto puzzles, and more. Instead of speculation, the project rewards engagement, whether you’re contributing content or completing tasks. Weekly token burns keep the supply low, adding another reason to stay involved.
Fueling all of this is the Mean Meme Machine, a tool that lets anyone create and share memes, with top picks getting spotlighted across official platforms. The War Room takes it further. With just $100 in $PUN or a presale spot, holders unlock early access to missions, airdrops, and exclusive content. It’s designed to keep people in, not just buying and leaving.
The presale is currently in Stage 2, priced at $0.00531, with over $77,000 raised so far. Out of 25 total stages, each step burns unsold tokens to build long-term scarcity. While Kaspa (KAS) market sentiment shows strength through consistency, $PUN is showing it through innovation and has thus been a project where crypto whales have shown interest in. Potential 1000x climbs coming? All the fundamentals are there. It’s not about waiting for hype, it’s building it from within. If you’re tracking crypto coins to buy now, this one has a model that’s already working.
Kaspa (KAS) is showing how consistency can win, especially after the recent Crescendo v1.0.0 hard fork. Live since May 5, the upgrade increased block speed to 10 per second, helping boost transaction flow without compromising security. That move, along with a $13 million token unlock days later, had minimal downside impact, proof that Kaspa (KAS) market sentiment is steady for now.
Price sits around $0.1016, with a solid 80% gain so far in 2025. Daily volume is near $60 million, and wallet growth from 500,000 to 1.8 million shows rising adoption. Predictions range between $0.10 and $0.26 for the year, backed by a growing DeFi and NFT presence. While others ride out hype cycles, Kaspa is playing the long game, one block at a time.
MOONPIG had its breakout moment, hitting $0.12 and topping $125 million in market cap. But it was short-lived. After a major wallet belonging to James Wynn dumped millions in tokens, a sell-off followed, leading to a sharp MOONPIG price crash. The coin now trades at around $0.0384, with the community split between hopefuls and skeptics.
Even so, MOONPIG is still building. On May 28, it launched an official mobile game on the Apple App Store, giving the token added visibility. Earlier in May, one trader famously flipped $7.6K of TRUMP tokens into $1.4M worth of MOONPIG at its peak. But the sharp drop proves how fast things shift. Unlike steady Kaspa (KAS) market sentiment, MOONPIG’s chart shows what happens when the hype outpaces the roadmap.
The differences couldn’t be clearer. Kaspa (KAS) market sentiment has stayed strong thanks to real upgrades and a loyal base. In contrast, the MOONPIG price crash shows how fragile meme coin momentum can be when major holders exit. Both cases offer a snapshot of what’s working, and what’s not, in today’s market.
Then there’s Punisher Coin ($PUN), which is setting up its own rulebook. From paying users to participate, to rewarding meme creators and burning tokens weekly, $PUN isn’t here for a flash pump. It’s here to build. With its presale live at $0.00531 and over $77k raised, it’s building utility while others chase it. If you’re scanning the charts for crypto coins to buy now, this is one that’s not waiting for hype, it’s earning it.
Join the Punisher Coin Presale Now:
The post MOONPIG Price Crashes 65% & Kaspa Holds as Punisher Coin See Whale Action: Is this the Next 1000x Pump? appeared first on Coinpedia Fintech News
Is meme coin season peaking, or just getting smarter? Right now, Kaspa (KAS) market sentiment is holding strong after a major network upgrade and a large token unlock. On the flip side, the MOONPIG price crash wiped out over 65% of its value after a single whale took profits, rattling the market. Both show how …
