Cena HarryPotterObamaPacMan8InuXRP

The crypto industry is holding its breath in the face of still hesitant regulation. As enthusiasm for crypto ETFs grows, the U.S. Securities and Exchange Commission (SEC) has just postponed its decision on a significant request: the conversion of Grayscale’s XRP Trust into an ETF. This postponement, announced on Tuesday, illustrates the heightened regulatory difficulties surrounding these assets, even as crypto-related financial products gain legitimacy among institutional investors. Amid regulatory uncertainties and expansion strategies from major asset managers, the wait continues for supporters of an XRP ETF. The American financial watchdog has chosen to exercise its right to delay its decision on Grayscale’s request to transform its XRP Trust into an exchange-traded fund (ETF). In its statement, the agency indicates that it finds it “appropriate” to extend the review period to evaluate the implications of this transformation in more detail. The announcement immediately impacted the price of XRP , which recorded a decline of 1.2% after reaching an intraday peak of $2.2. This postponement is not an isolated case: the SEC has also pushed back its decisions regarding similar proposals, including those targeting Dogecoin and Litecoin ETFs. While Grayscale is on the front line, other players are also looking to position themselves in the XRP ETF market. The SEC still has to rule on the applications submitted by 21Shares and Canary Capital, which are awaiting a verdict in the coming weeks. Franklin Templeton, one of the heavyweights in asset management, has also expressed interest in an XRP ETF by recently filing an official application. In contrast, giants like BlackRock and Fidelity, although already engaged in the Bitcoin and Ethereum ETF market, are keeping their distance from XRP ETFs. BlackRock even dismissed the idea of investing in financial products related to alternative cryptos, which could indicate heightened skepticism regarding uncertain regulations and market prospects for XRP. The uncertainty surrounding the regulation of crypto ETFs in the United States continues to weigh on market players. Despite measured optimism (Polymarket analysts estimate the chances of an XRP ETF approval at 75%), caution remains necessary. The SEC’s decision could condition the evolution of the altcoin market , which would influence the price of XRP, but also the attitude of institutional investors towards alternative cryptos. This postponement once again highlights the prudence of the regulator in the face of a sector undergoing significant changes, which is still striving to find its place alongside traditional financial assets.

The governing Liberal Party in Canada has elected former central banker Mark Carney to replace Prime Minister Justin Trudeau, who announced his resignation in January. According to reports, one of his initial plans is to keep the retaliatory tariffs in place until “the US shows them some respect.” Over the period, the trade war between the US and Canada has significantly affected the crypto market as “Extreme Fear” grips the market for the first time since the FTX collapse. Meanwhile, Carney is ready to continue the war. There is someone who is trying to weaken our economy. Donald Trump, as we know, has put unjustified tariffs on what we build, what we sell and how we make a living. He’s attacking Canadian families, workers and businesses, and we cannot let him succeed, and we won’t. Contrary to the public’s expectations, legal expert Fred Rispoli has disclosed that Carney’s leadership could significantly benefit Ripple regardless of the ongoing trade war. According to him, the newly elected prime minister once “collaborated with Ripple when running the Bank of England.” Our research shows that Carney operated as the governor of the Bank of England from 2008 to 2020. Fascinatingly, he demonstrated his interest in financial innovation through a partnership with Ripple in 2017. This was part of the initiative to improve cross-border payments via the improvement of transaction speed and the reduction of settlement risks. The Proof of Concept (PoC) with Ripple was also intended to show the synchronized movement of two currencies across two different kinds of real-time gross settlement (RTGS) systems. Within the same period, the bank was also working with an Artificial Intelligence (AI) start-up, MindBridge, on a PoC. Fascinatingly, Carney appears not to be a fan of Bitcoin as he believes that its supply rule is a “serious deficiency”, making it difficult to handle economic dynamics, as detailed in our last news piece. However, some crypto enthusiasts believe that Carney could certainly include his financial technology and cross-border payment solutions interest in national policies. A consideration of Ripple’s XRP Ledger could also increase adoption and make XRP a strong competitor in the cross-border ecosystem. Amidst the backdrop of this, the US Office of the Comptroller of the Currency (OCC) has announced that it has rescinded some decisions to permit the access of national banks and federal savings associations to the crypto market. As outlined in our recent blog post, multiple analysts, including Xaif, have disclosed that this could be a more bullish catalyst for XRP compared to the strategic reserve. Meanwhile, XRP seems to be struggling to hold above its crucial support level at $2 as it has declined by 4% in the last 24 hours and 9% in the last seven days. Meanwhile, renowned crypto analyst Egrag Crypto has set an ambitious target for the asset as he tips XRP to hit $27. As indicated in our earlier analysis, Egrag Crypto believes that XRP could record some “pullbacks in-between”, henceforth, he advises traders to take profits at $8, $9, and $10.

The cryptocurrency market is experiencing a decline, with major altcoins like $XRP and $BTC taking a hit. Meanwhile, #ELX farmers are expressing disappointment with the team regarding the community allocation. $ELX Despite the initial letdown, #ELX's potential remains strong. After reaching an all-time high of $0.7 on Bitget while the Launchpool and Candybomb event still ongoing, the $ELX token experienced a slight dip to $0.4. In the short term, airdrop farmers selling off their tokens might cause a temporary price drop. But with the team's ongoing efforts, ELX could see significant gains in the future.

The cryptocurrency market is experiencing a decline, with major altcoins like $XRP and $BTC taking a hit. Meanwhile, #ELX farmers are expressing disappointment with the team regarding the community allocation. $ELX Despite the initial letdown, #ELX's potential remains strong. After reaching an all-time high of $0.7 on Bitget while the Launchpool and Candybomb event still ongoing, the $ELX token experienced a slight dip to $0.4. In the short term, airdrop farmers selling off their tokens might cause a temporary price drop. But with the team's ongoing efforts, ELX could see significant gains in the future.

SEC Delays Altcoins ETF's.. Not cancelled but delayed -Grayscale Spot Dogecoin ETF -Grayscale Spot XRP ETF -Canary Spot Solana ETF -Canary Spot XRP ETF -Canary Spot Litecoin ETF -VanEck Spot Solana ETF