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Better Stablecoin Play: XRP vs. Ethereum
Yahoo Finance· 2025-09-11 16:07
Core Insights - Stablecoins have become a significant part of the cryptocurrency ecosystem, valued at $277 billion as of early September, serving as a cash drawer and settlement layer for the industry [1] - Ethereum is currently the leading blockchain for stablecoins, hosting approximately $154 billion, which attracts issuers and institutions due to existing liquidity [4][5] - XRP's network, while smaller with around $171 million in stablecoins, has features that may enhance efficiency for stablecoin transactions [10] Group 1: Ethereum's Dominance - Ethereum's dominance in the stablecoin market is reinforced by its large pool of on-chain dollars and its status as the center of decentralized finance (DeFi) [4][5] - The growth of the stablecoin sector has been significant, increasing from $27.5 billion in early 2021, with Ethereum holding a substantial share [5] - Regulatory compliance on Ethereum is managed at the smart contract level, which may present challenges for user implementation [6] Group 2: XRP's Position - XRP's network has a smaller stablecoin value but includes Ripple's own stablecoin, RLUSD, which holds a significant share [10] - The introduction of other stablecoins like USDC on the XRP Ledger provides a regulated dollar equivalent for banks and fintechs [11] - Ripple's strategy involves a cross-network approach, issuing RLUSD on both XRPL and Ethereum to enhance utility [11]
Got $1,000? 3 Cryptocurrencies to Buy and Hold for Decades
Yahoo Finance· 2025-09-11 13:00
Core Insights - The cryptocurrency market is perceived as highly volatile and risky, resembling an unregulated casino, making it unsuitable for life savings [1] - Investing $1,000 in promising cryptocurrencies like Bitcoin, Ethereum, and USD Coin could be a wise long-term strategy [2] Group 1: Bitcoin - Bitcoin is considered a compelling long-term investment due to its energy-intensive proof-of-work mechanism and a capped supply of 21 million tokens, creating scarcity similar to precious metals [4] - The approval of spot price exchange-traded funds (ETFs) has facilitated easier investment in Bitcoin for both retail and institutional investors [5] - Increasing adoption of Bitcoin as legal tender in various countries and initiatives like the U.S. government's "Strategic Bitcoin Reserve" are contributing to its perception as "digital gold" [5][6] Group 2: Ethereum - Ethereum, the second most valuable cryptocurrency, transitioned to a proof-of-stake mechanism in 2022, making Ether impossible to mine and resulting in a circulating supply of 120.7 million tokens [7] - The Ethereum blockchain supports smart contracts, enabling the development of decentralized applications (dApps), non-fungible tokens (NFTs), and other tokenized assets, which can influence Ether's value [9] - The supply of Ether can be deflationary or inflationary based on network activity, as tokens are burned as transaction fees, affecting its overall value [9]
4 Central Bank Moves That Might Fuel Bitcoin's Next Rally to $150,000 and Beyond
Yahoo Finance· 2025-09-11 08:45
Key Points Bitcoin is highly correlated with global liquidity. Many central banks are taking actions that increase liquidity. At least a handful of those banks are expected to maintain those policies. 10 stocks we like better than Bitcoin › When money is easier to access and cheaper to hold, risk assets usually catch a tailwind, and Bitcoin (CRYPTO: BTC) in particular tends to be a major beneficiary. Right now the next gusts for the coin's money-catching sails could come from four policy decisio ...
XRP at ‘make or break’, crypto analyst reveals new Christmas target
Yahoo Finance· 2025-09-10 17:35
Price Analysis - XRP is currently trading at $2.99 and has the potential to reach $5 by December 25, 2025, according to analyst Crypto Bitlord, who describes the current price as a "make or break" level [1] - XRP's market cap stands at $178.7 billion, with a trading volume that has decreased by nearly 25% to $4.67 billion in the past 24 hours [2] - XRP is fluctuating between the $2.90 to $3.00 range, identified as a critical support zone by traders [3] Technical Analysis - Analyst Ali Martinez noted a descending triangle pattern on the 12-hour chart for XRP, suggesting that if it breaks resistance, it could target $3.60 [3] - The recent momentum of XRP could continue in the short term if bullish sentiment remains strong [3] Company Developments - Ripple has announced a partnership with BBVA, one of Spain's largest banks, to incorporate Ripple Custody into its digital asset services [5] - This partnership will allow BBVA customers to access Bitcoin and Ether trading and custody services, utilizing Ripple's technology to comply with the EU's upcoming MiCA framework [6] - Ripple executives indicated that this deal reflects the growing demand for bank-grade crypto solutions in Europe, while BBVA emphasized its commitment to secure custody of tokenized assets [7] Regulatory Environment - There is increasing positivity surrounding Ripple due to its institutional relationships and recent regulatory clarity in Europe [4]
Cryptocurrencies: Bitcoin Holds Steady Around $111K
Etftrends· 2025-09-10 14:21
Group 1: Cryptocurrency Overview - The article discusses major cryptocurrencies by market share, specifically bitcoin, ether, and XRP, highlighting their foundational differences and investment risks [1] - Bitcoin is recognized as the first cryptocurrency, launched in early 2009, and has evolved into a mainstream financial asset despite its volatility [2] - Ether, launched in July 2015 on the Ethereum blockchain, is the second largest cryptocurrency by market share and has shown significant year-to-date growth [4] Group 2: Price Performance - Bitcoin's closing price was approximately $111,000, reflecting an 18% increase year-to-date and being about 10% below its record close from August 2025 [3] - Ether's closing price hovered around $4,300, with a year-to-date increase of approximately 28%, but is about 111% below its record close from August 2025 [4] Group 3: Comparative Analysis - An index has been created to compare bitcoin, ether, and XRP, utilizing a logarithmic scale to illustrate relative percentage changes and long-term growth since November 9, 2017, with bitcoin currently leading [6] Group 4: ETF Developments - On January 10, 2024, the SEC approved several spot bitcoin ETFs from various issuers, including Grayscale Bitcoin Trust ETF and Fidelity Wise Origin Bitcoin Fund [7] - On July 23, 2024, multiple spot ether ETFs were launched, including Grayscale Ethereum Trust and Franklin Ethereum ETF, providing new investment opportunities [8]
XRP Is Down 23% From Its Peak. Will It Continue to Drop?
Yahoo Finance· 2025-09-10 08:00
Core Insights - The emergence of Bitcoin in January 2009 marked the beginning of cryptocurrency as a decentralized asset, evolving from a tech experiment to a recognized store of value and investment vehicle [1] - While many cryptocurrencies are deemed speculative, XRP is highlighted as having real use cases, particularly in cross-border payments [2] Company Overview - XRP was launched in June 2012 and began trading in August 2013 at a price of less than $0.005, currently valued at approximately $2.95, though it has seen a 23% decline from its peak [3] - The primary function of XRP is to facilitate cross-border transactions, which are traditionally costly due to the need for pre-funded accounts and reliance on intermediary banks [4][5] Market Potential - The cross-border payment market is projected to grow significantly, with non-wholesale payment flows expected to rise from $40 trillion in 2024 to over $62 trillion by 2032, representing a 55% increase [6] - The total global cross-border payments market was valued at about $206 trillion in 2024 and is anticipated to double to approximately $414 trillion by 2034 [8]
Bitcoin to $200,000? Tom Lee says Fed will fuel next rally
Yahoo Finance· 2025-09-09 10:29
Bitcoin is back in the spotlight as investors position themselves ahead of next week’s Federal Reserve’s meeting, where US policymakers are expected to slash interest rates. Lower interest rates usually incentivise investors to bet on risk-on assets like cryptocurrencies. Last year’s August rate cut ended up doubling Bitcoin’s price, and traders are betting that history is about to repeat itself. The top crypto can “easily get to $200,000 before the end of the year,” Tom Lee, managing partner at Fundstra ...
Here's Why XRP Could Be About to Soar
Yahoo Finance· 2025-09-09 10:00
Group 1 - XRP has experienced a price drop of about 7% last month and has been below $3 for over a week, leading to investor uncertainty [1] - Despite recent fluctuations, XRP has potential for long-term growth and could close out the year positively [2] - The Federal Reserve is expected to meet three more times this year, with a high probability of rate cuts, which could benefit cryptocurrencies [4][6] Group 2 - Lower interest rates typically make cryptocurrencies more attractive as safe assets become less appealing [5][6] - The SEC is set to decide on XRP ETF applications in October, with a 95% approval probability as of early September [7][8] - Approval of XRP ETFs could lead to significant inflows, with JPMorgan estimating $4 billion to $8 billion in the first year, and potentially $5 billion in the first month according to industry experts [10]
Why XRP Is Surging Today
Yahoo Finance· 2025-09-08 22:50
Core Viewpoint - XRP is experiencing significant gains due to investor expectations of an interest rate cut by the Federal Reserve and positive news regarding a potential Dogecoin ETF launch [1][2][4][9]. Group 1: Market Performance - XRP's token price increased by 3.8% over the past 24 hours, while Bitcoin and Ethereum saw smaller gains of 1.1% and 0.3%, respectively [1]. - The anticipation of lower interest rates is driving investor sentiment, which historically correlates with gains in cryptocurrencies [5][9]. Group 2: Economic Indicators - Recent signs of a weakening U.S. economy, including disappointing jobs reports, have led to broad expectations for a Federal Reserve interest rate cut this month [4]. - The Bureau of Labor Statistics is expected to release a report that may further revise job growth figures downward [4]. Group 3: ETF Developments - News regarding the potential approval of a Dogecoin ETF by the SEC is contributing to XRP's upward momentum [6]. - If the SEC approves Dogecoin ETFs, it is likely that XRP ETFs will also receive approval, following a delay in the decision on XRP ETFs in August [7].
TAO Synergies Welcomes Top Bittensor (TAO) Leader as Advisor for AI-Focused Crypto Treasury Strategy
Prnewswire· 2025-08-26 13:15
Core Insights - TAO Synergies Inc. has engaged Joseph Jacks as an advisor to enhance its digital asset treasury strategy, focusing on the intersection of decentralized AI and cryptocurrencies [1][2] - Joseph Jacks is recognized as a leading innovator in the Bittensor ecosystem, contributing significantly to its open-source infrastructure [2][3] - The company aims to generate revenue not only through staking TAO tokens but also by actively contributing to the Bittensor ecosystem [4] Company Overview - TAO Synergies Inc. is the first pure-play public company dedicated to the convergence of cryptocurrency and artificial intelligence, specifically focusing on the TAO token of Bittensor [4] - The company's strategy includes staking TAO for revenue generation and capital appreciation, aiming to create significant value for shareholders [4] Joseph Jacks' Background - Joseph Jacks is the co-founder and CEO of Latent Holdings, a leading Bittensor lab, and has directed OSS Capital, a venture capital firm focused on early-stage commercial open-source startups [2][3] - He has led over 40 rounds of inception/seed stage investments totaling over $200 million [3]