🔥 Poll: Can BTC Break Its ATH This Week?
ATH Recap: Bitcoin hit its ATH of $109,702.5 on Jan 20, 2025, followed by a consolidation phase.
Recent Trends: With easing geopolitical tensions, sustained institutional inflows, and improving market sentiment, BTC has shown strong upward momentum.
This Week’s Key Question: The market looks bullish, but the ATH remains a major resistance level.
🗳️ Share your take—let’s see where the market goes!
CME Group to Start Offering XRP Futures Trading from Today – Its Impact
On the 19th, CME Group, which operates the largest derivatives exchange in the United States, will begin offering futures trading for the cryptocurrency XRP.
This allows XRP to enter the realm of regulated derivatives, providing institutional investors with new exposure to price fluctuations and means of hedging strategies. There are expectations that this will lead to improvements in XRP's liquidity and performance.
Investors can trade the future price of XRP without actually holding it. At the end of the trade, the price difference will be settled in cash.
CME handles both small-sized contracts for XRP (2,500 XRP) and large-sized contracts suitable for institutional investors (50,000 XRP). Both are cash-settled based on the "CME CF XRP-Dollar Reference Rate."
Ripple CEO Brad Garlinghouse commented on this move, stating that it is "a significant step in the continued growth of the XRP market."
The future performance of XRP is also being closely watched in light of the settlement between Ripple and the SEC (U.S. Securities and Exchange Commission).
U.S. District Judge Torres rejected the settlement request from both parties on the 16th, stating it was "procedurally improper."
Stuart Alderoty, the Chief Legal Officer of Ripple, commented that the dismissal was related to procedural issues and that "Ripple and the SEC are in full agreement on the resolution of this matter."
Attorney John Deaton, who is knowledgeable about cryptocurrencies, has expressed his views on Judge Torres' recent stance.
According to Mr. Deaton, Judge Torres believes that the SEC has invested a tremendous amount of time and resources into this lawsuit over the past five years, but by opting for a settlement, it would be acting as if "those five years were wasted."
For this reason, Judge Torres has indicated that the SEC and Ripple must make a compelling argument that the lifting of the injunction and reduction of fines, as stated in the settlement proposal, would be "in the interest of the public and XRP institutional investors."
Journalist Eleanor Terrett introduced Deaton's analysis on X and expressed that it will be noteworthy in the future whether Judge Torres softens her stance after the SEC and Ripple have completed the necessary work in this direction.
XRP News & Price
Thorough explanation of investment merits and risks
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