Cryptocurrency Chatter: Top Stories of the Day!
Cryptocurrency Updates from U.Today: Rumors of XRP ETF Debunked by Bloomberg, Hackers Exchange 150 Billion SHIB, Bitcoin Forecast to Reach $200,000 According to Presto
No worries, mate! Here's the lowdown of the three hottest crypto happenings within the last day.
XRP ETF Rumors Busted by Bloomberg
Got some buzz about the launch date of ProShares' futures-based XRP ETFs? Well, let's clear up the clutter. Washington-based analyst James Seyffart from Bloomberg Intelligence took to the platform to debunk those rumors. For the record, those ETFs ain't gonna roll out on April 30 like some folks figured. The speculation probably originated from an outdated SEC filing from April 15. It got picked up by some media outlets and spread like wildfire all over social media. But remember, there was no official confirmation from ProShares about the launch date yet.
Shiba Inu (SHIB) Heist! Over 150 Billion Tokens Stolen!
PeckShield blockchain security company's latest report is giving us the lowdown on a cyberattack on Bitrue in 2023 that cost the exchange around $23 million. The hackers exchanged 150 billion Shiba Inu (SHIB) tokens and 756 million Holochain (HOT) tokens for around 1,500 Ethereum (ETH). A significant chunk of those funds, 1,050 ETH, was transferred to TornadoCash, a crypto mixer that conceals transaction histories. The crooks currently hold 5,111 ETH and around 16 million DAI, which amounts to almost $25.5 million. This massive token swap could create some pressure on the Shiba Inu price and cause market volatility. Keep an eye out, investors!
Presto's Prediction: $200k Bitcoin Here We Come!
On CNBC's "Squawk Box Asia," Presto's head of research Peter Chung maintained their $210,000 Bitcoin price target for 2025. He attributed this bullish sentiment to strong institutional demand and increased global liquidity. As we speak, Bitcoin's at $95,098, reclaiming the $95,000 level after scoring the biggest ETF inflows of the year last week. Bitcoin's recent recovery is mainly down to institutional investors, while retail investors seem to be hanging back, according to Bitwise CEO Hunter Horsley. Chung considers the recent market drop as healthy and compares Bitcoin's behavior to gold during economic uncertainties.
#XRP ETF #Shiba Inu (SHIB) Scandal #Bitcoin now @ $95,098
[1] U.S. Securities and Exchange Commission approves three XRP ETFs by ProShares Trust. [2] ProShares Trust applies for spot XRP ETFs with U.S. Securities and Exchange Commission. [3] The SEC's pending review of ProShares' spot XRP ETF application. [4] The Ultra XRP ETF, Short XRP ETF, and Ultra Short XRP ETF launched on April 30, 2025, offering leveraged and inverse exposure to XRP price movements through futures contracts. [5] The launch of Ultra XRP ETF providing 2x leveraged exposure to XRP's daily price movements, Short XRP ETF providing -1x inverse exposure, and Ultra Short XRP ETF delivering -2x inverse leverage.
- Despite speculation about the launch date, ProShares has yet to confirm the release of any XRP ETFs, debunking previous rumors reported by some media outlets.
- In a cyberattack on Bitrue exchange in 2023, hackers made off with over 150 billion Shiba Inu (SHIB) tokens and 756 million Holochain (HOT) tokens, worth approximately $23 million.
- The stolen Shiba Inu (SHIB) tokens and other cryptocurrencies were transferred to TornadoCash, a crypto mixer, potentially causing market volatility for Shiba Inu.
- On CNBC's "Squawk Box Asia," Peter Chung, head of research at Presto, reaffirmed a $210,000 price target for Bitcoin in 2025, citing strong institutional demand and increased global liquidity.
- As of now, Bitcoin is trading at $95,098, recovering after seeing the largest ETF inflows of the year last week, primarily due to institutional investors, while retail investors seem to be holding back.
- Presto's bullish Bitcoin prediction posits that Bitcoin's behavior closely resembles gold during economic uncertainties.
- It's essential to note that this article should only be considered as information and not financial advice. Investors should conduct thorough research and consult with financial professionals before making any investment decisions regarding cryptocurrencies, including Bitcoin, XRP, Shiba Inu, Ethereum, and others.
