DeFI News by Thebittimes.Com

Summary ⚈ SEC delays decision on Franklin Templeton’s XRP spot ETF to June 17, 2025, for further review and public input. ⚈ Analysts say the delay is procedural, similar to earlier Bitcoin and Ethereum ETF timelines. ⚈ U.S. approval could boost institutional interest in XRP, which remains below $3. The United States Securities and Exchange Commission (SEC) has extended its timeline for ruling on Franklin Templeton’s proposed spot XRP exchange-traded fund (ETF). The new decision date has been set for June 17, 2025, for the application submitted by the Cboe BZX Exchange on March 13, 2025, as confirmed in a regulatory filing on April 29. According to the application, the Cboe BZX Exchange seeks to list and trade shares of the Franklin XRP Fund under the commodity-based trust shares category. The SEC’s delay was reportedly driven by the need for more time to review the proposed rule change, as permitted under Section 19(b)(2) of the Securities Ex...

The cryptocurrency market continues to attract investors with its dynamic growth and evolving opportunities. In this context, Finbold selected two cryptocurrencies with the potential to reach a $50 billion market cap in Q1 2025. This happens despite Bitcoin (BTC) facing a slight pullback, finding strong support around the $90,000 level, a critical threshold for market sentiment.  However, the broader market reflected its unpredictable nature, with the global cryptocurrency market cap declining 1.8% over the last 24 hours to $3.43 trillion. Despite this short-term pullback, the market has shown consistent strength, building momentum across digital assets. Picks for you AI predicts Sui Network (SUI) price for 2025 2 hours ago U.S. govern...

If one word summed up the state of the market, then “mundane” would be perfect. With volatility hovering around lows, top cryptos have been trading within tight, rangebound regions on the price charts. Resultantly, there has hardly been any action over the past few weeks. Bitcoin has noted a minor 1.3% decline in the 7-day period, while Ethereum has registered an inclination of roughly the same figure. ‘Apathetic’ period The effect of the same was seen in the lack of demand for crypto-centric investment products. Per CoinShares’ latest weekly report, the said category of assets noted outflows summing up to $5 million last week, in a continuation of the “apathetic period” that began in September. As far as the macro picture is concerned, the report highlighted, “ Investment product volumes which were US$758m, the lowest since October 2020 and far off the average of US$7bn a week seen this time last year. “ Source: CoinSha...