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BlackRock XRP ETF discussions have officially begun as the asset management giant confirms SEC meeting request. Meanwhile, as a whale investor puts $6 million on XRP’s price rise, this information has been made public. A possible $3 price target is achieved in case an ETF is approved formally. BLACKROCK CONFIRMS $XRP ETF MEETING!! pic.twitter.com/mXejLYaf39 — BSC Gems Alert (@BSCGemsAlert) May 9, 2025 Also Read: Bitcoin: Michael Saylor Reveals Strategy To Get 100x Return from BTC How BlackRock’s XRP ETF Could Trigger a $3 Rally in 2025 Source: Watcher Guru BlackRock Confirms SEC Meeting on XRP ETF Potential Source: X The possibility of a BlackRock XRP ETF launch taking place has become more promising since the company asked formally for the engagement with the crypto task force of the SEC. The schedule describes important points for the approval of crypto ETFs and relevant regulatory aspects. The meeting request from BlackRock states: “We request a meeting with the SEC...

BlackRock CEO Larry Fink has warned that Bitcoin’s growing appeal as a safe-haven asset could threaten the US dollar’s global dominance. In his Annual Chairman’s Letter to Investors, the BlackRock CEO wrote that decentralized finance is “an extraordinary innovation,” but added that this same innovation “could undermine America’s economic advantage if investors begin seeing Bitcoin as a safer bet than the dollar.”  US Could Default On Ballooning Debt By July Fink’s warning comes as the US’s gross national debt hit $36.2 trillion on March 5, according to the country’s Joint Economic Committee. The national debt is rising at a rate of $1.8 trillion per annum, which equates to $4.9 billion per day.  Should the debt continue to rise, the Bipartisan Policy Center warned this month that the US could default on its debt by as early as July 2025. Despite this, Moody’s Ratings has retained the US’s AA...

Wow, what a week’s it’s been in crypto: Tether’s CEO says they’re not launching a blockchain, the State of Michigan holds over $10 million in spot Ethereum ETFs, the launch of the Global Dollar stablecoin, Bitcoin reaches a new all-time high of over $77,000, and BlackRock’s IBIT sets record daily inflows of $1.12 billion. Let’s take a closer look at these and give you a recap on what happened this week in crypto. Tether isn’t launching a blockchain Paolo Ardoino, CEO of Tether, said that they’re not launching a Tether chain at the moment because “neutrality is very important to them.” Posting on X, Ardoino said that “different independent L2 solutions are working to support $USDt for gas fees.” Rather than trying to centralize everything, he mentioned that Tether is interested in teaming up with companies and communities. His announcement comes as Tether experienced a record-breaking miles...

US spot Bitcoin ETFs (exchange-traded funds) recorded 5-week high net inflows of over $250 million on Aug. 23, with the investment products belonging to BlackRock and Fidelity leading the way.  According to data from Soso Value , BlackRock’s IBIT and Fidelity’s FBTC posted the highest inflows. Grayscale’s GBTC was the only product that recorded outflows at $35 million, although its mini Bitcoin fund registered $50 million in inflows. Bitwise Says Bitcoin ETFs Lead In Institutional Adoption Despite Retail Traders Holding Most Of The AUM Coinshares data shows that Bitcoin-related ETPs (exchange-traded products) were the best-performing among all crypto investment products, totaling $543 million last week. Most of this inflow came from BlackRock’s IBIT, which saw $318 million during this period. Bitwise’s chief investment officer Matt Hougan said in an Aug. 21 thread on X that Bitcoin ETFs are the “fastest-growing ETFs of all-...