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Singapore Exchange Enters Crypto Derivatives Market with Bitcoin Futures Offering

Abdulkarim Abdulwahab
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0
Singapore Exchange Enters Crypto Derivatives Market with Bitcoin Futures Offering

The Singapore Exchange (SGX) has revealed plans to introduce Bitcoin perpetual futures before the end of 2025, targeting institutional and professional investors. 

This marks SGX’s strategic move to expand its product suite amid growing global interest in crypto assets. It aligns with broader trends of traditional financial institutions integrating crypto products.

Notably, unlike traditional futures contracts, perpetual futures do not have an expiration date. This allows investors to trade continuously based on the direction of Bitcoin prices.

Bolstering Institutional Confidence in Bitcoin

Industry leaders believe SGX’s entry into crypto derivatives is a significant step in framing Bitcoin as a legitimate asset.

Darius Sit, founder of the crypto-asset trading firm QCP, noted that SGX’s Bitcoin product would serve as a strong signal to institutional investors. Specifically, he claimed it helps position Bitcoin not as a speculative asset but as one worthy of consideration as an investment-grade instrument.

Ong Chengyi, APAC head of policy at Chainalysis, echoed this sentiment. Chengyi described the move as a step toward firmly establishing Bitcoin as a legitimate investment asset suitable for inclusion in professional portfolios.

Shi Le, managing director at crypto trading firm Auros, pointed out that perpetual futures are popular in the crypto trading arena. However, SGX’s product introduces a regulated alternative. Given its familiar and accessible structure, this could appeal more to participants from traditional finance.

Moreover, the product could be a hedging tool for institutions, similar to how ETFs brought crypto into mainstream investing.

Furthermore, Chengyi highlighted that SGX’s Bitcoin perpetual futures offer a transparent avenue for institutional investors to enter the crypto market while mitigating counterparty risks.  

According to Robert Krugman, Broadridge’s executive, the launch could also prompt exchanges worldwide to consider offering comparable products.  

Notably, SGX will prioritize risk management and market integrity as it introduces this new product. Etelka Bogardi of Norton Rose Fulbright emphasized that the exchange must follow stringent procedures under Singapore’s Securities and Futures Act. These procedures include tools like leverage limits, margin requirements, standardized contracts, and clearing controls.

Looking Ahead

With major global financial institutions like Standard Chartered and Fidelity already active in crypto custody, SGX’s entry into perpetual futures may only be the beginning. The launch could catalyze further institutional interest and set the stage for broader crypto product innovation in regulated markets.

As QCP’s Darius Sit put it: “Hopefully, this is the first Bitcoin product of many to come.”

Here Are Top 4 Latest Bitcoin Predictions From Top Industry Stakeholders

Lele Jima
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Here Are Top 4 Latest Bitcoin Predictions From Top Industry Stakeholders

As Bitcoin rebounds to the $87,000 price mark, top industry stakeholders like Robert Kiyosaki make bold calls for the premier cryptocurrency. 

Why Is Bitcoin Up Today?

Bitcoin stunned many investors in the early hours of today after its price rebounded from the $84,000 mark to over $87,000. Data from CoinMarketCap shows that BTC reached a daily high of $87,109 earlier, representing an increase of 4.26% from its 24-hour low of $84,181. 

Although Bitcoin has retraced slightly to $87,203, the premier cryptocurrency is still up 3.38% over the past 24 hours. Bitcoin’s surge comes after the U.S. dollar experienced a dramatic collapse amid rising tensions relating to the global tariff war and President Donald Trump’s push to remove Federal Reserve Chair Jerome Powell. 

Consequently, the U.S. dollar index (DXY) plunged to 98.5, marking its lowest level since March 2022. Amid speculations that Trump is considering ousting Powell and the sudden plunge of the DXY, Bitcoin recorded a sharp upsurge, soaring past the $87,000 mark. 

Kiyosaki Sees Bitcoin Hitting $200K By Year End. 

Robert Kiyosaki, the author of the financial literacy book ‘Rich Dad, Poor Dad’ has been a strong Bitcoin advocate. He has been urging investors to consider buying Bitcoin as it serves as a hedge against inflation. 

Notably, the financial educator predicts that Bitcoin will hit $180,000 – $200,000 this year. He also set a long-term target of $1 million for Bitcoin by 2035, exactly 10 years from now. 

Adam Back Says Bitcoin Is Still Cheap 

In addition, Adam Back, the co-founder and CEO of Blockstream, believes that Bitcoin is still in its early stages and that the premier asset is cheap. He made the comment when Bitcoin was trading at around $89,000 per coin. However, his latest prediction did not set a specific price target for BTC. 

Last month, the Blockstream CEO forecasted that Bitcoin would hit a lofty target of $1 million by year-end, representing a surge of 1,046% from the current price. 

Former BitMEX CEO Makes Bold Statement About Bitcoin 

Following Bitcoin’s rebound to the $87,000 mark today, Arthur Hayes, the former CEO of BitMEX, suggested that investors may not get another opportunity to buy Bitcoin below the $100,000 level. 

This indicates that Hayes believes Bitcoin may not drop below the $100,000 psychological barrier once it crosses it. Notably, Bitcoin was still trading below the $100,000 mark in the hours leading up to press time. 

Mike Alfred Expects Bitcoin to Hit $315K 

Earlier this month, popular Bitcoin advocate Mike Alfred highlighted the different price targets he expects BTC to clear in the near future. According to him, Bitcoin will rise from its initial price of $88,000 and progress to an audacious target of $315,000, marking an increase of 257.95%. 

Besides the recent dip of the DXY, these experts did not highlight any factor that could propel Bitcoin to lofty targets. However, reaching this audacious target would require the alignment of several factors, including post-halving dynamics, ETF inflows, and the U.S. adoption of Bitcoin as the only reserve asset. 

Ripple Senior VP Says Ripple Is Building a SWIFT-Like Update or Replacement

Abdulkarim Abdulwahab
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Ripple Senior VP Says Ripple Is Building a SWIFT-Like Update or Replacement

The Ripple SVP of Strategic Initiatives, Eric van Miltenburg, recently discussed the company’s efforts to revolutionize global financial infrastructure.

Specifically, Miltenburg noted that Ripple is setting itself up as an alternative to SWIFT. He shared this perspective while speaking at a panel during the 2025 World Economic Forum in Davos.

XRP community figure Crypto Eri recently drew attention to Miltenburg’s statement in a tweet. This follows ongoing debate in the community about Ripple’s expanding role in global payments amid the company’s new acquisition.

Ripple’s Infrastructure: A Modernized Alternative to SWIFT

During the panel discussion, Eric van Miltenburg emphasized Ripple’s role in providing critical infrastructure for cross-border payments. Describing Ripple’s product, van Miltenburg stated that Ripple aims to be a “SWIFT update or replacement.”

He also highlighted the company’s ongoing efforts to work closely with customers while ensuring regulatory compliance. According to van Miltenburg, Ripple has been adapting to the evolving needs of its customers, particularly those from traditional financial institutions, which are increasingly embracing faster innovation and more agile operations.

Eri commented on the panel clip, noting that Ripple’s ambitions regarding SWIFT appear more competitive than collaborative. Reflecting on her own history with SWIFT since 2019, she said, “They (SWIFT) never liked the Ripple/XRP narrative.”

Notably, the idea of Ripple working with SWIFT has been a hot topic in the XRP community. In her commentary, Eri addressed speculation that Ripple’s payment infrastructure might work in tandem with SWIFT or that the two systems could complement each other.

The topic regained traction after Ripple’s recent acquisition of Hidden Road, which some believe could lead to integration with traditional payment systems.

Instead, Eri interprets van Miltenburg’s remarks as a clear signal that Ripple envisions itself as a SWIFT alternative, not a supplement.

Likewise, XRP analyst Arthur argues that Ripple’s core mission has always been to replace SWIFT, not partner with it. He stressed that the acquisition of Hidden Road is even a move to bypass legacy systems like SWIFT. Moreover, Arthur claims that SWIFT could even be a liability due to its role in global sanctions and centralized control.

Clarification on XRP Role in Cross-Border Payments

Furthermore, Eri clarified a common misconception around XRP’s role in Ripple’s payment processes. She explained that while XRP is a core feature of the Ripple Payments system, the company seeks to offer customers what they want. 

Whether it’s XRP, USDC, or USDT, Ripple ensures that its platform accommodates the specific needs of its users. Eri emphasized that XRP is not always necessary for certain transfers, particularly those involving USDT or other stablecoins. In cases of direct transfers, adding XRP would only introduce unnecessary complexity and costs.

Ripple’s platform seeks to facilitate straightforward transactions without requiring intermediary steps such as introducing XRP into every transfer. In essence, XRP use is an option in Ripple’s payment transactions.

Analyst Says Gold’s Uptrend Shows the Chart Bitcoin Never Had

Mark Brennan
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Analyst Says Gold’s Uptrend Shows the Chart Bitcoin Never Had

Analyst Exy says the gold upsurge shows the vertical breakout Bitcoin has yet to deliver, calling it the chart BTC never had.

Bitcoin (BTC) posted a notable recovery on Monday, reclaiming levels above $87,000 as market momentum shifted upward following early April’s pullback. According to market data, the leading crypto reversed much of its recent downturn after forming a technical double-bottom pattern around the $74,000 to $75,000 range on April 7 and 9. 

Since then, prices have steadily climbed, showing a 3.6% 24-hour gain and extending to a 3.5% rise over 7 days. Data from the past 14 days also showed moderate strength, with a 15.1% rise.

Bitcoin Chart We Never Had

While Bitcoin continued its recovery, analysts turned their attention to gold, which has posted steep gains since early 2024. A market analyst on X, dubbed Exy, noted that gold has delivered the type of vertical price movement Bitcoin investors have been waiting for. 

Per the analyst’s chart, the precious metal surged from around $2,600 to over $3,000 this year, with minimal corrections and strong bullish momentum. Additionally, the current weekly chart showed a long, accelerating candle pattern.

For instance, from the start of this year, Gold has surged from approximately $2,600 to $3,383 during the analyst’s snapshot. This means that the asset has surged approximately 30.12% year-to-date. In contrast, Bitcoin has collapsed by more than 6% within the same period.

If the crypto firstborn had surged by the same percentage as gold since January 1, its price during the analyst’s snapshot would have been approximately $121,012, representing a new all-time high. However, on a broader scale, Bitcoin has outperformed gold since the start of last year, up 120% while gold only boasts a 57% increase.

Separately, crypto research account Cryptollica identified a breakout wedge pattern in BTC’s recent price activity. As posted on April 16, the analyst projected a midterm Bitcoin target of $155,000, suggesting the move may mirror gold’s recent rapid ascent, albeit in delayed fashion.

Bitcoin Resilience as Historical Trends Reaffirm Growth

Meanwhile, Glassnode’s latest weekly newsletter highlighted how both Bitcoin and gold have performed amid macroeconomic turbulence. The firm emphasized that these assets held firm while traditional risk assets faltered.

Glassnode stated Bitcoin’s drop to $75,000 during broader market sell-offs was followed by a quick rebound to $85,000, neutralizing weekly volatility. Meanwhile, gold established fresh all-time highs above $3,300.

In a broader historical context, Glassnode underlined Bitcoin’s maturing market behavior. Current drawdowns remain under 30%, which is less severe than previous declines exceeding 50% during past geopolitical events. 

Interestingly, in a previous report, Ted, a crypto entrepreneur and analyst, tracked Bitcoin’s value against gold over the last decade. From April 2015 to April 2025, Bitcoin surged by 13,693.69%, vastly outpacing gold’s 156% rise over the same period.

According to Ted, Bitcoin traded near $200 in April 2015, while gold was priced around $1,200 per ounce. As of April 2025, Bitcoin reached approximately $84,000, a leap of 33,500% from its 2011 price of $1. The comparison also extended back to 1933, when gold traded at $20.67 per ounce. As of 2025, it climbed to over $3,300, showing consistent yet slower growth compared to Bitcoin’s explosive decade-long performance.

Analyst Predicts This Pattern Could Push Dogecoin Price Near $1

Albert Brown
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Analyst Predicts This Pattern Could Push Dogecoin Price Near $1

Dogecoin forms a cup and handle pattern on the monthly chart, signaling a potential bullish continuation.

Dogecoin price has shown signs of recovery after dipping to approximately $0.153 on April 20. At the time of reporting, the asset traded near $0.162, marking a 4.3% gain over the past 24 hours.

Additionally, the broader 14-day performance reflects a notable 17.3% gain, indicating renewed bullish momentum since the earlier downward pressure.

Dogecoin Cup and Handle Pattern Developing

A recent technical analysis posted by TradingView user CobraVanguard has brought renewed focus to Dogecoin’s long-term chart structure. The analyst presented a potential “cup and handle” pattern forming on the monthly chart, a setup generally associated with bullish continuation. 

Dogecoin Price Prediction | TradingView
Dogecoin Price Prediction | TradingView

The cup began with Dogecoin’s parabolic rise toward $0.80, followed by a long, rounded correction phase between June 2021 and the first half of 2022. After bottoming out, the price gradually began forming the right side of the cup with a prolonged accumulation period.

From the cup’s bottom at $0.0468, DOGE posted an increase of around $0.41546, or 733.06%, labeled as AB leg. Following this rise, a pullback emerged, signaling the beginning of a handle formation.

According to the chart, if the pattern holds, another CD leg completing the previous one could lead Dogecoin to $0.88036. This would see Dogecoin surge by over 89% from the $0.468 resistance zone. Meanwhile, the OG meme coin would also surge approximately 443.44% from the current price to the analyst’s target.

Deeper Pullback Before Rally?

A separate outlook from TradingView analyst SwallowAcademy presented a more cautious scenario. Analyzing the DOGE/USDT daily chart, the analyst highlighted past volatility, including a rally to nearly $0.23 in early 2024, followed by a retracement to $0.09.

Based on this, SwallowAcademy projected a 40% drop before DOGE would find strong support, with a potential 400% rebound to $0.45 from that level. However, this prediction has yet to materialize, as Dogecoin rose over 5% two days later.

DOGE Rising User Engagement

In addition to price and chart analysis, blockchain data reveals strong growth in Dogecoin’s on-chain metrics. Notably, new addresses increased by 102.40% over the past seven days. 

Dogecoin Daily Active Addresses
Dogecoin Daily Active Addresses | IntoTheBlock

Active addresses also surged by 111.32%, while zero balance addresses grew by 155.40%. These numbers represent a clear spike in user activity and wallet creation.

This increase in address activity typically signals a rise in user participation, rather than speculative trading alone. The surge in transaction-related metrics often aligns with periods of market expansion.

Dogecoin Tests Critical Trendline as Bulls Target $0.20

Albert Brown
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Dogecoin Tests Critical Trendline as Bulls Target $0.20

Dogecoin has surged 7%, challenging a key resistance trendline. Bulls now eye the $0.20 level amid rising long positions and a broader market recovery.

As the crypto market bounces back after Easter, Bitcoin crosses above the $87,000 mark. Amid the recovering market, the meme coin segment has soared by nearly 4%, reaching a market cap of $47.45 billion. 

Among the top meme coins, Dogecoin has soared by nearly 4% over the past 24 hours, crossing the $0.16 barrier. Will this short-term recovery in Dogecoin result in a breakout rally to $0.20?

Dogecoin Price Analysis: Targeting Trendline Breakout Toward $0.20

On the 4-hour chart, Dogecoin’s price action reveals a bullish recovery, now testing a key resistance trendline. The rally has pushed prices above both the 50 and 100 EMA levels.

Dogecoin Price Chart
Dogecoin Price Chart

Bulls have also broken through the 38.20% Fibonacci retracement level at $0.1597. The recovery began with a Morning Star pattern, followed by five consecutive bullish candles, resulting in a nearly 7% surge.

This upward movement has triggered a positive crossover in the MACD and signal lines. Additionally, it sets the stage for a potential bullish crossover between the 50 and 100 EMAs.

Currently, Dogecoin faces resistance at a short-term descending trendline, which is temporarily limiting further gains. However, as broader market sentiment improves, increased momentum and hype may help propel DOGE prices.

In such a scenario, Dogecoin could break through the overhead resistance confluence formed by the 200 EMA and the 50% Fibonacci level near $0.1680.

If an extended rally pushes past this critical level, the uptrend could reach $0.20, representing a potential 25% surge. Conversely, prices may retest the psychological support at $0.15 if a bearish reversal occurs.

Bullish Sentiment Drives Surge in Dogecoin Derivatives

As the broader market anticipates a potential breakout in Dogecoin, interest in DOGE derivatives is surging. Open interest has jumped 3.74%, reaching $1.67 billion.

Dogecoin Derivatives
Dogecoin Derivatives

Additionally, the open interest-weighted funding rate has rebounded to 0.0032%, reflecting renewed bullish sentiment. Over the past 36 hours, the long/short ratio in DOGE derivatives has also seen a significant spike.

Long positions have climbed from 46.16% to 51.16%, pushing the long-to-short ratio up to 1.0475. While this ratio still suggests a neutral outlook overall, the sudden increase in long positions signals growing optimism for a recovery.

Dogecoin Long/Short Ratio Chart
Dogecoin Long/Short Ratio Chart

Bullish Rally to Face Headwinds from $15M DOGE Unlock

Data from Tokenomist reveals a major Dogecoin token unlock. From April 21 to April 28, approximately 96.52 million DOGE—worth $15.32 million—will be unlocked.

This represents about 0.06% of the circulating supply entering the market. With over $15 million in DOGE entering the market daily during this period, the increased supply could present a challenge to the ongoing bullish momentum.

 

Here is What Dogecoin Price Would Be If Bitcoin Ever Hits $250K, $500K, $750K or $1M

Lele Jima
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0
Here is What Dogecoin Price Would Be If Bitcoin Ever Hits $250K, $500K, $750K or $1M

Should Dogecoin maintain its correlation with Bitcoin and BTC surges to between $250,000 and $1 million, DOGE could rally alongside it to similarly high targets.  

Since Dogecoin crashed to a multi-month low of $0.1315 on April 7, it has made significant attempts to recover these losses. At the time of writing, DOGE was trading at $0.1617 per coin, marking a 22.96% gain from its April 7 low. 

Dogecoin Correlation with Bitcoin 

Notably, the price of DOGE usually fluctuates when Bitcoin rallies and plunges. As a result, Bitcoin’s recent price action impacted DOGE’s performance this month. 

For context, the popular blockchain analytics platform IntoTheBlock reports that DOGE has a 97% correlation with Bitcoin over the past 30 days and a 95% correlation in the past 60 days. This indicates that Bitcoin’s performance highly influences Dogecoin’s price action.

Given the high correlation between Dogecoin and Bitcoin, several investors expect the price of DOGE to soar tremendously if BTC rallies to lofty targets like $250,000, $500,000, $750,000, or $1 million. 

Bitcoin to $250K, $500K, $750K, and $1M Predictions 

It bears mentioning that top crypto analysts have already set these lofty targets for Bitcoin. For instance, Arthur Hayes, the former CEO of BitMEX crypto exchange, predicted that Bitcoin would reach the $250,000 target by the end of this year.   

Geoffrey Kendrick, the Head of Digital Asset Research at Standard Chartered, envisions Bitcoin clinching a target of $500,000 by January 2029, before President Donald Trump completes his second term. 

In 2023, Hayes expressed confidence in Bitcoin rising to loftier targets of $750,000 – $1 million by 2026. He cited that an upcoming financial crisis would drive this surge. Interestingly, JAN3 CEO Samson Mow backed Hayes’ $1 million prediction, suggesting it might materialize this year. 

At press time, Bitcoin trades at $87,529, with its market cap at $1.73 trillion. For Bitcoin to clinch the targets of $250,000, $500,000, $750,000, or $1 million, it must soar 185%, 471%, 756%, or 1,042% from its current price, respectively. 

Price of DOGE If BTC Hits $250K, $500K, $750K, or $1M 

With several investors expecting Dogecoin to continue mirroring Bitcoin’s performance, The Crypto Basic projected DOGE prices under those same percentage increases. 

As mentioned earlier, DOGE is currently trading at $0.1617. If it proportionally tracks Bitcoin’s gains, DOGE will trade at $0.46, $0.92, $1.38, and $1.84 should BTC reach ambitious targets of $250,000, $500,000, $750,000, or $1 million. 

Assuming Dogecoin’s circulating supply remains stable at 148.94 billion tokens, its market cap will rise to $68.51 billion, $137,02 billion, $205.54 billion, and $274.05 billion if DOGE’s price increases to $0.46, $0.92, $1.38, and $1.84, respectively.

However, this proportional growth analysis underestimates Dogecoin’s potential price action in a market where Bitcoin trades at high levels between $250K and $1 million. Specifically, DOGE has a history of outperforming BTC. As a result, it could see better price action than this proportional growth analysis suggests. 

Potential Timeline for Dogecoin Rise to $0.46, $0.92, $1.38, or $1.84 

It is worth noting that DOGE has surpassed the $0.43 target to a record high of $0.7376. Reaching the $0.92, $1.38, and $1.84 targets would mark new all-time highs for the firstborn meme coin. 

Although DOGE is currently trading far from the first target, popular TradingView analyst MadWhale forecasts that Dogecoin will soon experience an upsurge that would take its price above the $0.4 mark. Changelly experts see DOGE clinching the $0.46 target by April 2028. 

In November, renowned crypto analyst Trader Tardigrade referenced the formation of a bull flag on Dogecoin’s chart to predict an upsurge toward the $0.9 mark. Changelly puts a timeline for Dogecoin to reach the $0.92 mark, noting that it will happen by May 2030. 

Interestingly, they project that the $1.38 prediction would materialize by February 2031, with DOGE expected to reach a maximum target of $1.40 by then. 

For the $1.84 target, Changelly analysts see DOGE achieving the milestone by October 2031, six years from now. While these timelines are conservative, analysts at Telegaon suggest more ambitious prices. For instance, they argue DOGE could trade as high as $72 by 2040.

Top Crypto Trader Says He’s Long on Shiba Inu but Short on XRP: Here’s Why

Elendu Benedict
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Top Crypto Trader Says He’s Long on Shiba Inu but Short on XRP: Here’s Why

Prominent crypto and forex trader Lars Kooistra has revealed a shocking contrarian play on XRP, despite having a bullish bias on Shiba Inu.

The analyst, who goes by the pseudonym Lars Kooistra, revealed that he still has a short bet on XRP, an asset that has defied bearish trends for most of the year. This stems from his belief that the fourth-largest cryptocurrency by market cap would see further downsides.

However, the Kooistra is long on the prominent meme coin, Shiba Inu, amid recent bullish price action. Here’s the reason behind his bull-bear bias towards the two cryptocurrencies.

40% Short Position on XRP Still Running

The top trader revealed that his 40% short position on XRP remains open, despite the asset’s recent price recovery. For perspective, he revealed opening a short on the XRPL native token nearly a week ago, citing a high-probability technical cycle time (TCT) model 2 distribution schematic.

Meanwhile, his latest disclosure shows he has closed 60% of the trade at a 2.60% realized profit. Interestingly, XRP closed the week bearish, with Bitcoin’s choppy price action ensuring the downtrend. However, the token has fully recovered from the retracement following a strong start today.

At the time of this report, Kooistra still held 40% of the position, which he disclosed was risk-free, meaning he expects XRP to reach his earlier $2 target.

Notably, the trend of shorting XRP has increased lately amid its sideways price action. For perspective, analysts Koroush AK. and Cole Garner recently urged users to short the XRPL native token, predicting a considerable downturn in the near term. However, these massive shorts could lead to a short squeeze if XRP sees a sudden massive upsurge, fueling further rallies.

Trader Swing-Long on Shiba Inu

While bearish on XRP, Kooistra is surprisingly bullish on Shiba Inu. He disclosed that he has opened a mid-term long position on the meme token, citing the high probability TCT model 1 accumulation schematic on the higher time frame, which suggests that SHIB could rally from here.

Meanwhile, he stressed that his contrarian play on the altcoins was because they tell a different story on the higher timeframe. As a result, he expects XRP to react differently to the prevalent market conditions.

Remarkably, Shiba Inu and XRP have shared a striking price correlation lately. Data shows that although SHIB shows a more bullish momentum, its prices seem headed in the same direction. With both assets currently moving upwards, Kooistra’s XRP short position could face issues.

XRP SHIB Correlation
XRP SHIB Correlation | CoinMarketCap

In the meantime, XRP trades at $2.1331 and SHIB at $0.00001266.

“No Second Chance,” Crypto Founder Says You Better Be on Board with XRP, as Trump Reportedly Plans to Unlock $150 Trillion Trust

Albert Brown
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0
“No Second Chance,” Crypto Founder Says You Better Be on Board with XRP, as Trump Reportedly Plans to Unlock $150 Trillion Trust

Crypto founder Edoardo Farina recently shared a daring outlook on XRP, warning the crypto community that XRP’s moonshot will offer no second chances for skeptics.

Farina voiced this sentiment in a tweet today, responding to bold speculation about a potential flood of $150 trillion entering the financial market, with crypto positioned at the center.

Origin of the $150 Trillion Fund Speculation

This speculation, which has been making the rounds in crypto circles, gained traction after former CIA advisor Jim Rickards claimed that President Donald Trump is about to unlock $150 trillion that has supposedly remained hidden for 160 years.

Rickards asserted that in 1873, Congress “quietly” established a secret trust for the American people. According to him, this trust has grown over time, untouched, into a $150 trillion fortune. He noted that this wealth would be more than enough to wipe out the United States’ $30 trillion national debt four times over.

Interestingly, Rickards claimed that if these funds were divided among all U.S. households, every American family could potentially become a millionaire. He maintained that while the trust was originally intended to benefit Americans, it has remained sealed off from the public for over a century.

Remarkably, Rickards stated that this is all about to change. He claimed that, for the first time in 40 years, the president has the authority to access and release this trust, thanks to a recent Supreme Court ruling.

In parallel, Rickards urged the investing public to prepare for what’s coming and position themselves strategically to benefit. He claimed that those who position themselves appropriately could see their net worth soar in the coming years.

XRP Rocket Will Leave No Second Chance

Referencing Rickards’s bold claims in a tweet, Versan Aljarrah, founder of Black Swan Capitalist, said that the sentiments reflect a massive wealth transfer that mainstream media is not discussing.

Aljarrah argued that this wealth is silently moving into commodities, crypto, and emerging markets. He further noted that only a few have recognized this shift and are positioning themselves in XRP to capitalize on the potential impact. 

The sentiment suggests that XRP holders could benefit significantly from the speculative $150 trillion wealth Trump is allegedly preparing to unlock.

This outlook sparked mixed reactions in the crypto space, with both critics and proponents weighing in. Some questioned whether XRP is even a relevant part of this narrative.

Meanwhile, echoing the sentiment, Farina remarked that investors had better be on board when the XRP rocket takes off. According to him, there won’t be a second chance to buy XRP cheaper.

Critics React

With pro-XRP voices tying the coin to this unfolding speculation, critics like Lawrence Lepard dismissed it outright. He called it “a bunch of baloney.” 

Furthermore, Lepard described XRP promoters and Rickards as “scamsters” and accused them of “shilling their subscription,” claiming that the whole thing is shameless.

Other community commentaries also share this critical perspective about XRP’s relevance in the speculative subject.

Other skeptical comments from community members
Other skeptical comments from community members

Ethereum Eyes $1,750 as Bulls Target Range Breakout

Albert Brown
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0
Ethereum Eyes $1,750 as Bulls Target Range Breakout

Ethereum is nearing key resistance at $1,675, and a bullish breakout could push prices toward $1,750 amid ongoing whale accumulation.

As Bitcoin crosses the $87,000 mark, Ethereum is steadily gaining momentum. Over the past 24 hours, Ethereum’s market price has surged by nearly 3.5%, reaching $1,647.

With this recovery rally, Ethereum is approaching the $1,675 supply zone. Will this drive ETH prices beyond $1,750?

Ethereum Targets $1,650 Breakout

In the 4-hour price chart, the Ethereum price trend showcases a bullish breakout of a long-standing resistance trendline. Furthermore, the recent recovery run marks a positive cycle within a consolidation range. 

The sideways range exchanges between the 23.60% and 38.20% Fibonacci levels. The lower boundary is at $1,577, with the upper ceiling at $1,675.

CRYPTO:ETHUSD Chart Image by Trojan69420

Currently, Ethereum’s recovery run has created five consecutive bullish candles that surpass the 50-EMA line. However, the uptrend faces opposition from the overhead supply zone and the 100-EMA line.

Nevertheless, the short-term recovery, fueled by the trendline breakout rally, marks a positive crossover in the MACD and signal lines. This projects an increased possibility of a breakout run. 

Based on the Fibonacci levels, the 100-EMA breakout, followed by the consolidation range breakout, will likely challenge the 50% level near the 200-EMA line. This projects a high potential for Ethereum to surpass $1,750. Conversely, a potential bearish reversal will likely retest the 23.60% level.

Ethereum Traders Anticipate Strong Recovery Ahead

Amid the growing possibility of a new bullish cycle in Ethereum, the interest of traders in Ethereum derivatives is growing significantly. Open interest has surged by 4.83%, reaching $19.19 billion and the funding rate is flipping positive.

Furthermore, in the past four hours, long positions in the Ethereum derivatives have surged to 55.83%, driving the long-to-short ratio to 1.264. This signals the increased bullish sentiments for Ethereum in the derivatives market. 

Ethereum Long/Short Ratio Chart
Ethereum Long/Short Ratio Chart

Analyst Signals A Potential Bullish Momentum

Adding to the possibility of a bullish run ahead, Ali Martinez, a crypto analyst, suggests a massive recovery for Ethereum this week. Based on the TD Sequential Indicator, Ali Martinez highlights a potential bullish reversal upcoming for Ethereum. 

The analyst hints at a potential shift in bullish momentum as the Technical Indicator triggers a buy signal.

Whales Accumulating ETH

Amid Ethereum’s growing possibility of a bullish turnaround, whales are starting to accumulate ETH rapidly. As per a recent tweet by LookOnChain, a whale has acquired 1,897 Ethereum worth $3 million. Earlier this month, the same whale withdrew 3,844 Ethereum worth $6.5 million from the Bitget exchange.

Furthermore, a different whale acquired 6,528 Ethereum worth $10.69 million, bringing the whale’s holding to 6,624 Ethereum worth $10.83 million. As whales continue to acquire ETH, the possibility of a bull run grows significantly.

 

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