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Time of India
21 hours ago
- Business
- Time of India
Cryptocurrency Live News & Updates : Crypto Leaders Attend White House Signing of GENIUS Act
18 Jul 2025 | 11:55:10 PM IST Top crypto executives Brian Armstrong and Jeremy Allaire are set to witness the signing of the GENIUS Act by President Trump, a significant regulatory milestone for the industry. The cryptocurrency landscape is buzzing as President Trump prepares to sign the GENIUS Act into law, with major industry figures like Coinbase's Brian Armstrong and Circle's Jeremy Allaire in attendance. This act, which focuses on stablecoin regulation, follows the passage of two other key bills, the CLARITY Act and Anti-CBDC Act, marking a pivotal moment for the crypto sector. Meanwhile, Bitcoin's dominance has dipped to a three-month low, with Ethereum leading the altcoin surge, recently breaking the $3,600 mark amid substantial ETF inflows. Analysts suggest that the favorable regulatory environment is driving this shift, as institutional interest in Ethereum grows. In contrast, JPMorgan's analysts are advocating for tokenized bank deposits over stablecoins, highlighting a shift in regulatory preferences. Additionally, WIF is facing resistance at a critical price point, indicating a cautious market sentiment. Overall, these developments reflect a transformative period for cryptocurrencies, with legislative support and market dynamics shaping the future of digital assets. Show more
Time of India
a day ago
- Business
- Time of India
XRP jumps nearly 7% today as U.S. crypto bills pass and corporates add $421M—will Trump-era momentum drive it to $10 next? Here's the new prediction
XRP is trading at $3.49 , up $0.22 (+6.73%) in the last 24 hours, as the crypto market reacts to a flurry of bullish catalysts—from major U.S. legislative breakthroughs to massive whale accumulation and corporate adoption. Ripple's XRP officially shattered its previous 2018 record today, climbing above $3.60 for the first time in over six years. With no overhead resistance left, XRP has now entered price discovery , backed by a rare convergence of bullish fundamentals, legal clarity, and whale accumulation. Explore courses from Top Institutes in Select a Course Category Others Design Thinking Degree Healthcare MBA Data Science Digital Marketing Data Analytics Technology healthcare CXO Product Management Data Science Operations Management MCA Leadership Cybersecurity Finance Artificial Intelligence PGDM Management Public Policy others Project Management Skills you'll gain: Duration: 9 months IIM Lucknow SEPO - IIML CHRO India Starts on undefined Get Details Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT-ISB Transforming HR with Analytics & AI India Starts on undefined Get Details Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details Skills you'll gain: Duration: 28 Weeks MICA CERT-MICA SBMPR Async India Starts on undefined Get Details The U.S. House just passed three major crypto bills: by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play this game for 1 minute and see why everyone is addicted. Undo The GENIUS Act , establishing a regulatory framework for stablecoins The CLARITY Act , drawing the line between securities and commodities The Anti-CBDC Act , aimed at preventing a U.S. government–issued central bank digital currency Each bill passed with strong bipartisan support, reflecting a growing pro-crypto stance in Washington. President Donald Trump is expected to sign the bills by executive order in the coming days, which could pave the way for further investment vehicles—such as XRP spot ETFs—and integration of crypto into 401(k) retirement plans. 'This is the most crypto-friendly legislative session in history,' said former CFTC Chairman Christopher Giancarlo. 'Tokens like XRP now have a clear lane in U.S. capital markets.' Corporate interest in XRP is booming Companies like VivoPower and Webus have reportedly committed to hold over $421 million worth of XRP in their treasuries. Their allocation reflects growing corporate confidence in XRP's use case for global payments and as a regulatory-friendly digital asset. Live Events Companies are beginning to follow the MicroStrategy playbook—but with XRP. VivoPower , a sustainable energy firm, has disclosed a plan to allocate $227M to XRP in 2025. Webus , a cloud logistics platform, has approved a $194M XRP allocation as part of its digital treasury diversification. These two firms alone represent over $421M in corporate XRP purchases , signaling growing institutional trust in Ripple's technology and XRP's legal clarity. In addition, Thumzup Media Corporation (Nasdaq: TZUP) has just approved a treasury strategy to invest up to $250 million across BTC, ETH, XRP, SOL, and DOGE. XRP is a top target . Whales stack 2.2 billion XRP amid rally On-chain data shows whale wallets (100M–1B XRP) have added a whopping 2.2 billion XRP , valued at $7.1 billion , in recent weeks. This accumulation has further fueled bullish momentum and helped drive the current breakout. XRP breaks 2018 high and enters price discovery XRP has officially surpassed its 2018 all-time high , briefly hitting $3.65 —its strongest price in over six years. The token has now entered price discovery , with no prior resistance zones ahead. Technical view: A strong breakout above the $3.40 resistance has activated further bullish energy. Analysts are now watching the $3.80–$4.00 range for the next ceiling. Longer-term forecasts are eyeing $4.80–$10 , especially if ETF speculation and regulatory progress continue. Price predictions: $5 by 2025? Analysts remain bullish: A Bitget strategist projects XRP could reach $5 by the end of 2025 , citing macro regulatory tailwinds and surging institutional demand. Some experts are even more optimistic, suggesting a $10+ target in the longer term if ETF products are approved and Ripple secures U.S. banking integration. Long & short-term price predictions Short-Term (July–August 2025) : $4.00 : Next psychological target. If broken, opens floodgates. $5.00 : Seen as realistic based on volume/market structure. Mid-Term (Q4 2025) : $5.50–$7.00 : If ETF applications move forward, this zone becomes likely. Trump's pro-crypto stance and executive orders could further fuel demand. Long-Term (2026–2027) : $8–$10+: Institutional adoption, Ripple's U.S. bank license (pending), and wider tokenization could push XRP into double digits. JP Morgan , Fidelity , and BlackRock are all rumored to be exploring tokenized payment rails —a sector Ripple is positioned to lead. What could slow it down? Senate delays : The bills passed the House, but Senate debate is still ongoing. Profit-taking risk : RSI is in overbought territory—temporary pullbacks to $3.20–$3.40 are possible. SEC uncertainty : The appeal in the Ripple case isn't officially withdrawn yet, although signals suggest it may be soon. XRP's breakout above $3.65 marks more than just a chart milestone—it's a signal of institutional validation, legislative tailwinds, and rising global adoption. With major corporations pouring in, whales scooping up billions, and Donald Trump poised to sign the most important crypto laws ever passed in the U.S., the stage is set for XRP to potentially lead the next leg of the bull market. If $4 is cleared with strong volume, $5 may not be far behind—and for long-term bulls, $10+ is back on the table. FAQs: What is XRP's current price and market status? As of now, XRP is trading at $3.48 , up 6.75% today. It briefly hit $3.65 , breaking past its 2018 high, with market momentum driven by institutional buying and favorable U.S. legislation. What is the current XRP price prediction? Analysts expect XRP could reach $4–$5 in the short term , and possibly $10 long-term , fueled by whale accumulation, corporate treasury interest, and Trump-era crypto support. What U.S. crypto legislation was passed today? The GENIUS Act (stablecoin regulation), CLARITY Act (security vs. commodity definitions), and the Anti-CBDC Act (blocking government digital currency rollout) passed with bipartisan support, boosting confidence in the U.S. crypto landscape.
Indian Express
a day ago
- Business
- Indian Express
Crypto Week: US House of Representatives passes GENIUS Act in boost for stablecoins, digital assets and US dollar
US Crypto Week yielded positive results for cryptocurrency backers after Republican hardliners overcame initial reservations to vote in favour of a raft of legislations that are expected to forward US President Donald Trump's agenda of formalising digital assets amid dedollarisation risks. The GENIUS Act, the CLARITY Act and the anti-CBDC Act were passed by the House Of Representatives on Thursday after initial differences over central bank digital currency-related privacy fears from hardliners were ironed out at a meeting held by President Trump at the Oval Office on Tuesday. While the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act is likely to be signed into law by Trump in a ceremony on Friday, the Digital Asset Market Clarity (CLARITY) Act and the Anti-CBDC Surveillance State Act will now face a vote in the Senate, before reaching Trump's desk for a presidential assent. To be sure, the road to the passage of the three bills was not smooth, since 12 hardliners scuttled a procedural vote on the GENIUS Act on Tuesday, prompting House Speaker Mike Johnson to halt the process. However, this was salvaged by hectic parleying and an assurance that there will not be an ambiguity over the Federal Reserve's issuance of CBDC, which is feared to be a tool of federal snooping in the hands of bureaucrats. The US House of Representatives passed the GENIUS Act with a 308-122 vote on Thursday. The CLARITY Act was passed with a 294-134 vote, and the Anti-CBDC Act was passed 219-210 by the House. Republican representative and Majority Whip Tom Emmer, who backed the Anti-CBDC Act, laid down the three key parameters that have defined crypto legislation in America, namely, regulatory certainty, privacy and dollar dominance. In a statement after the passage of the three bills, he said, 'President Trump and this Congress are correcting course (from Joe Biden administration's anti-crypto crusade) and unleashing America's digital asset potential with historic, transformative legislation.' The three bills passed by the House 'deliver on the America First digital assets agenda by solidifying the dollar's dominance as the world's reserve currency, spurring innovation by creating regulatory certainty with clear market structure and ensuring any development of digital money reflects our American values of privacy, individual sovereignty, and free market competitiveness,' he said. .@POTUS promised to make America the crypto capital of the world, and today we delivered. — Tom Emmer (@GOPMajorityWhip) July 17, 2025 The passage of the GENIUS Act paves the way for the issuance of stablecoins — asset-backed cryptocurrency. In the case of America, stablecoins are expected to be indexed to the US dollar or US Treasury bills to reinforce confidence. The Trump administration is also betting on stablecoins to re-emphasise the importance of the US dollar as the world's reserve currency amid fears of dedollarisation raised after the US froze Russian assets after the onset of the Russia-Ukraine War in 2022. This has prompted countries to step up gold purchases and diversify away from the US dollar as a store of value, to retain access to reserves in the scenario of a unilateral asset freeze in the future. Trump is expected to sign the bill into an Act in a ceremony to be held on Friday. 'I'm excited President Trump will soon sign Senator Bill Hagerty's GENIUS Act into law establishing a federally regulated, U.S.-dollar-backed stablecoin,' said House Committee on Financial Services Chairman French Hill. The Anti-CBDC Act and CLARITY Act Bills will now face Senate scrutiny. If passed, these will be signed into law by Trump. Bitcoin prices continued to hover around the $118,000 mark, according to CoinMarketCap. The digital token Ethereum's price rose 19 per cent over the past 7 days to $3,602.31 apiece at 2:17 pm IST on Friday, according to exchange data. Stablecoin issuer Circle Internet Group's stock price rose 0.81 per cent to $235.08 apiece. Overall, the crypto industry has been in expansion mode to capitalise on the positive momentum for digital assets under the Trump administration. The US president has also revealed earnings from crypto holdings such as the $TRUMP and $MELANIA memecoins. His sons have floated the World Liberty Financial crypto finance platform which has garnered investments to the tune of $52.1 million from across the globe in its token $WLFI. On Thursday, the Bitcoin Standard Treasury Company revealed plans to list on the tech-focused Nasdaq stock exchange through the special purpose acquisition company mode. Bitcoin Standard plans to merge with an SPAC backed by the US-based investment company Cantor Fitzgerald. An SPAC or blank cheque company raises through an initial public offering money to merge with another company and take it public. US Commerce Secretary Howard Lutnick's son Brandon Lutnick serves as chairman at Cantor Fitzgerald. US-backed stablecoin USDT issuer Tether has forayed into the commodities space by purchasing Adecoagro, a pan-South American agricultural giant to boost its balance sheet, besides paving the way for alternative payments for commodities settlements, Reuters reported.
Time of India
3 days ago
- Business
- Time of India
Cryptocurrency Live News & Updates : FET Maintains Key Support: Eyes on $1.03 and Beyond
16 Jul 2025 | 11:55:11 PM IST is showing signs of bullish momentum after holding crucial support levels, with targets set at $1.03 and potentially $1.40 if the upward trend continues. In recent developments, (FET) has demonstrated resilience by bouncing back from significant support zones, particularly the 0.618 Fibonacci retracement level. This rebound suggests a bullish trend, with potential targets at $1.03 and $1.40. Meanwhile, the U.S. House of Representatives has advanced procedural votes on key cryptocurrency legislation, including the GENIUS Act and the Anti-CBDC Act, setting the stage for formal debates later this week. In corporate news, Matador Technologies has unveiled a long-term strategy to significantly boost its Bitcoin holdings, aiming to acquire up to 6,000 Bitcoins by 2027. Additionally, Bitcoin strategy manager Chaitanya Jain expressed confidence in the company's ability to manage debt even if Bitcoin prices dip below $20,000, ensuring adequate collateral is maintained. Lastly, VCI Global Limited has announced its acquisition of a Malaysian fund management firm, planning to launch a Bitcoin fund aimed at institutional investors. These developments reflect a dynamic landscape in the cryptocurrency sector, highlighting both corporate strategies and legislative progress. Show more
Economic Times
5 days ago
- Business
- Economic Times
Bitcoin beats Amazon in market value; Crypto breaches $120,000 to hit new peak
Bitcoin overtook Amazon in market value on Monday, climbing past the $120,000 mark for the first time and cementing its status as one of the world's most valuable assets. The cryptocurrency's market capitalisation surged to $2.43 trillion, eclipsing Amazon's $2.39 trillion, as investors rushed to price in regulatory breakthroughs and intensifying political support from US policymakers. ADVERTISEMENT Bitcoin rose as much as 1.5% in Asian trading to hit a new all-time high of $121,207.55. It was last quoted at $120,856.34, bringing its year-to-date gains to 29%. Ether, the second-largest token, also advanced, touching a five-month peak of $3,048.23 before easing to $3,036.24. The total digital asset market now stands at approximately $3.78 trillion, according to rally coincides with the start of a pivotal week in U.S. legislative circles. Beginning Monday, the House of Representatives will debate several bills including the CLARITY Act, Anti-CBDC Act, and GENIUS Act—proposals designed to give digital assets a clearer regulatory status and restrict the Federal Reserve from issuing central bank digital currencies. U.S. President Donald Trump, who has described himself as the 'crypto president,' has openly backed the digital asset industry and urged Congress to overhaul outdated rules."Bitcoin has smashed past $121,000, marking fresh all-time highs as institutional demand and policy tailwinds fuel the rally," said Himanshu Maradiya, Founder & Chairman of CIFDAQ. 'The latest surge follows last week's 10% rise, with over $289 million in short liquidations amplifying momentum. Bitcoin ETFs saw $1.2 billion in inflows on Thursday and $1.03 billion Friday, pushing total US ETF net inflows beyond $50 billion to date.'Maradiya noted that the growing alignment between pro-crypto policies, macro uncertainty, and the increasing accessibility of regulated investment vehicles is 'rapidly solidifying' Bitcoin's position as a mainstream asset. ADVERTISEMENT Nigel Green, CEO of financial advisory major deVere Group, said that Bitcoin could climb to $125,000 within days as market forces and political momentum converge.'Bitcoin has blasted through $122,000, and all the indicators point to $125,000 in sight this week,' Green said in a press release. 'It's being powered by deep political backing, new regulatory clarity, and sustained institutional inflows. This is a powerful combination we haven't seen at this scale before.' ADVERTISEMENT He highlighted the GENIUS Act in particular as a landmark measure that would create a national framework for stablecoins, one of the most significant regulatory steps by the U.S. to date.'This is not crypto on the fringe anymore,' Green said. 'This is front and center of US financial policy. Trump is championing it, lawmakers are acting on it, and Wall Street is all-in.' ADVERTISEMENT Green said flows into US-listed spot Bitcoin ETFs have reached record levels, with asset managers like BlackRock and Fidelity continuing to scale up their exposure.'Wall Street has crossed the Rubicon,' he said. 'The capital is committed. The infrastructure is there. The political will is building. The market is responding exactly as we expected.'The deVere group, which has previously projected Bitcoin to hit $150,000 in this market cycle, said that view remains intact, though short-term volatility is expected. ADVERTISEMENT 'The trajectory to $150K is intact, but investors should expect a sharp move to $140K, then a healthy sell-off before we power higher,' Green said. 'Investments of this magnitude don't move in straight lines. They surge, cool, consolidate, then break out again. That's the phase we're entering.'Bitcoin's market capitalisation now stands at $2.43 trillion, surpassing Amazon and trailing only a handful of publicly traded giants. Gains in crypto-linked stocks, including U.S.-listed miners and ETF proxy plays, have also intensified in recent weeks.'The scale of capital entering the space is rewriting the map,' said Green. 'This isn't hype. This is asset reallocation on a global level.''The $125K milestone is within reach now, and when it comes, it will confirm what we've been saying: that Bitcoin is not only back, but can be expected to break through every ceiling put in front of it if the momentum continues,' said Green. Also read | Bitcoin surges past $120,000 to fresh all-time high (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
