Latest news with #Wormhole
Business Insider
7 hours ago
- Business
- Business Insider
XRP's $5+ Explosion Is Loading, Here's 3 Reasons Why It Could Detonate Any Day
XRP's prolonged sideways movement might just be the calm before the storm. Here's why bulls should be paying close attention. Confident Investing Starts Here: After four months of frustrating consolidation between $2.00 and $2.60, XRP may finally be gearing up for a decisive breakout. A confluence of bullish fundamentals, surging institutional interest, and key technical patterns is giving traders a strong case to keep their eyes on higher targets—possibly even in the $5 to $14 range. Let's unpack the three major signals pointing to a potential XRP surge. 1. Ripple's Aggressive Expansion Strategy Ripple is not just sitting back during XRP's sideways grind, it's building aggressively. The $1.25 billion acquisition of prime brokerage Hidden Road is a game-changer. The move reinforces Ripple's ambitions to become a major liquidity hub for institutions. What's even more notable is Ripple's plan to integrate its upcoming RLUSD stablecoin directly into Hidden Road's services, effectively tying ecosystem utility directly to XRP infrastructure. Ripple CTO David Schwartz confirmed that the M&A pipeline is active: 'We have multiple potential acquisitions in various stages, from early stages to late stages.' These aren't just vanity acquisitions either. Ripple's ongoing efforts with Metaco, Standard Custody, and now Wormhole integration signal an intent to turn the XRP Ledger into a cross-chain DeFi powerhouse. XRPL's upcoming upgrades, especially around programmability and a new lending protocol, mirror Ethereum's evolution and lay the groundwork for native DeFi use cases. Combined, these moves could significantly expand demand for XRP as a base asset. 2. CME Futures Volume Signals Growing Institutional Appetite XRP is now playing in the big leagues. Since their launch on May 19, CME Group's XRP futures have already clocked over $542.8 million in trading volume. On day one alone, trading reached $19.3 million, spanning 15 firms and four major retail platforms. Importantly, nearly half of these participants are non-U.S. traders, a key signal of global appetite. 'The introduction of XRP futures has rapidly demonstrated significant market interest and widespread participation,' noted CME Group. High derivatives volume often precedes large spot price movements, especially when accompanied by expectations of a spot ETF. And right now, XRP is among the leading candidates. Polymarket betting odds put the chance of an XRP ETF approval before year-end at 76%. An ETF approval would unlock new flows from institutional allocators—many of whom won't touch crypto until it's wrapped in an ETF wrapper. 3. Technicals Align for a Classic Bull Breakout Crypto analyst XForceGlobal has flagged a compelling technical setup. According to his analysis, XRP recently bounced from the 0.618 Fibonacci level near $2.00, a textbook retracement that often precedes a new leg higher. He sees this as part of a larger Elliott Wave structure targeting $5 in the short term, and $20-$30 over the cycle. Meanwhile, analyst Egrag Crypto points to a bullish symmetrical triangle pattern, with Fibonacci extensions pointing to targets between $8 and $27. Even conservative measures from the bull pennant structure project a breakout target of $14—a 564% upside from current levels. But there's a catch: XRP must first break cleanly above $2.65, which has capped every rally since March. If that level falls, we're likely in for an aggressive move toward $3 and beyond. It's evident that Ripple is expanding aggressively, institutional money is flowing in through CME futures, and bullish technicals are all aligning, XRP may be approaching its breakout moment. The question isn't if XRP will break out of its consolidation range, but how far it will run once it does. XRP is sitting at $2.0852.
Yahoo
2 days ago
- Business
- Yahoo
Ripple Integrates Wormhole With XRP Ledger to Power Institutional Multichain Moves
Ripple is pushing deeper into multichain interoperability with the integration of Wormhole, a leading cross-chain messaging protocol, with the XRP Ledger (XRPL) and its EVM-compatible sidechain. The move, announced Thursday, aims to support institutional demand for seamless movement of crypto assets, including stablecoins and tokenized real-world assets, across multiple blockchain networks, without added friction or fragmentation. Wormhole's integration unlocks the ability to transfer the blockchain's native token XRP XRP, issued assets and multi-purpose tokens across more than 35 supported chains, including Ethereum ETH, Solana SOL and Avalanche AVAX. Developers can also initiate cross-chain smart contract interactions using Wormhole's messaging infrastructure. Ripple says the upgrade will help developers and institutions build multichain applications that prioritize compliance, low cost, and fast settlement. "If you want real mass adoption, interoperability is essential. The infrastructure has to be there, not just on one chain, but across them," said David Schwartz, the CTO of Ripple, in a press release shared with CoinDesk. "With this integration, tokens natively issued on the XRP Ledger are being set up for that reality by being able to move between blockchain networks while maintaining native issuance, and control." The development comes as the XRP Ledger increasingly positions itself as a hub for institutions and tokenized real-world assets such as real estate. For example, Dubai's first real estate tokenization platform was built on XRPL, which allows qualified investors to buy fractional shares in apartments and tokenizes title deeds on the network. Ripple, a payments-focused blockchain development firm with close ties to XRPL, also issues its own regulated stablecoin Ripple USD RLUSD. The token has a $400 million supply across XRP and Ethereum chains, data in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
3 days ago
- Business
- Business Insider
Pi Squared Has Launched VSL Devnet, Ushering In a New Era of Fast Verifiability
Champaign, IL, USA, June 25th, 2025, Chainwire Pi Squared unlocks fast verifiable AI execution, mirrored blockchains & cross-chain composability via the Verifiable Settlement Layer (VSL) Pi Squared ( the most advanced verifiable payment system and settlement layer for AI and crypto, has announced the launch of the VSL Devnet - a major milestone in building a verifiability-first foundation for decentralized computing. The VSL Devnet is the first live environment for developers to interact with Pi Squared's Verifiable Settlement Layer (VSL), a decentralized network designed to enable transparent, programmable, and provable execution across domains. It offers a new programming and composability standard for blockchain, AI and multichain applications, empowering developers to build with verifiability from the start. Enabling instant and custom-assets payments, parallel and verifiable settlement with full dev tooling support, the VSL Core Infrastructure powers a wide range of applications. These include, but are not limited to: Multichain Interoperability: Secure, cross-chain asset movement integrated with Wormhole's Native Token Transfers (NTT) framework, showcasing a secure interoperability platform powering multichain apps and bridges. Blockchain Mirroring: Live mirroring of Ethereum and Bitcoin state for composable multichain development. AI + Trusted Execution Environments: Confidential and verifiable AI agent execution via TEE attestations. Each demo is live and available to explore, offering early adopters an opportunity to build the next generation of apps that cross trust boundaries. Having raised $12.5 million in seed funding last year, Pi Squared is conducting an additional strategic raise, which will accelerate its mission to fix what today's blockchain infrastructure can't: fragmentation and trust. With Pi Squared's fast payments and verifiable cross-chain settlement layer, apps, agents, and protocols can finally interact across ecosystems—fast, provably, and seamlessly. Pi Squared Founder and CEO Grigore Rosu is a Professor of Computer Science at the University of Illinois at Urbana-Champaign (UIUC) and a former NASA engineer, where he developed the K Framework - an open-source 'Rosetta Stone' for programming language semantics, which is now being utilized by Pi Squared to bring the next million developers to Web3. 'With Web3 still siloed across chains and ecosystems, we want to chart a new path forward, in which correctness, performance and trust are embedded from the start. The Pi Squared VSL Devnet marks a major milestone toward that future, providing a first glimpse at a verifiability-first platform that can unify chains, languages and applications through fast, secure, and programmable infrastructure,' said Grigore Roșu, Founder and CEO of Pi Squared. 'Together with Pi Squared, we share a vision for seamless, secure multichain interoperability, enabling scalable, verifiable computation and asset movement across decentralized ecosystems, while empowering developers to build trustless applications that span multiple blockchains and execution environments. VSL serves as a foundation for this future vision to take shape,' said Dan Reecer, Co-founder of Wormhole Foundation. Over the next few months, Pi Squared will be extending the VSL network's capabilities by expanding its decentralized programming capabilities, increasing performance, improving validator coordination, and refining the network workflow. The platform is also actively working on features like signature aggregation and multi-client support to make integration seamless across both AI pipelines and blockchain networks. Pi Squared is now inviting infrastructure builders, AI developers, and protocol designers to get involved to test, build and shape the next era of verifiable, decentralized computing. Ways to Get Involved: Devnet access is available for those interested in exploring live demos, testing applications, and experiencing VSL in action. Additional information and the request form can be found here: Integration opportunities with Pi² are open through The team reviews submitted forms and provides follow-up for potential partners. About Pi Squared Pi Squared is solving the fragmentation and trust limitations of today's blockchain infrastructure by enabling fast, verifiable, cross-chain computation and settlement, so apps, agents, and protocols can interact across ecosystems without relying on bridges, centralized parties, or unprovable logic. It's the missing trust layer for a modular, interoperable, and enterprise-ready Web3. To learn more or start building, visit: Contact Founder Lorcan Byrne
Business Insider
4 days ago
- Business
- Business Insider
Pi Squared Launches VSL Devnet, Ushering In a New Era of Fast Verifiability
Pi Squared unlocks fast verifiable AI execution, mirrored blockchains & cross-chain composability via the Verifiable Settlement Layer (VSL) Pi Squared, the most advanced verifiable payment system and settlement layer for AI and crypto, has announced the launch of the VSL Devnet - a major milestone in building a verifiability-first foundation for decentralized computing. The VSL Devnet is the first live environment for developers to interact with Pi Squared's Verifiable Settlement Layer (VSL), a decentralized network designed to enable transparent, programmable, and provable execution across domains. It offers a new programming and composability standard for blockchain, AI, and multichain applications, empowering developers to build with verifiability from the start. Enabling instant and custom-assets payments, parallel and verifiable settlement with full dev tooling support, the VSL Core Infrastructure powers a wide range of applications. These include, but are not limited to: Multichain Interoperability: Secure, cross-chain asset movement integrated with Wormhole's Native Token Transfers (NTT) framework, showcasing a secure interoperability platform powering multichain apps and bridges. Blockchain Mirroring: Live mirroring of Ethereum and Bitcoin state for composable multichain development. AI + Trusted Execution Environments: Confidential and verifiable AI agent execution via TEE attestations. Each demo is live and available to explore, offering early adopters an opportunity to build the next generation of apps that cross trust boundaries. Having raised $12.5 million in seed funding last year, Pi Squared is conducting an additional strategic raise, which will accelerate its mission to fix what today's blockchain infrastructure can't: fragmentation and trust. With Pi Squared's fast payments and verifiable cross-chain settlement layer, apps, agents, and protocols can finally interact across ecosystems – fast, provably, and seamlessly. Pi Squared Founder and CEO Grigore Rosu is a Professor of Computer Science at the University of Illinois at Urbana-Champaign (UIUC) and a former NASA engineer, where he developed the K Framework - an open-source 'Rosetta Stone' for programming language semantics, which is now being utilized by Pi Squared to bring the next million developers to Web3. 'With Web3 still siloed across chains and ecosystems, we want to chart a new path forward, in which correctness, performance and trust are embedded from the start. The Pi Squared VSL Devnet marks a major milestone toward that future, providing a first glimpse at a verifiability-first platform that can unify chains, languages and applications through fast, secure, and programmable infrastructure,' said Grigore Roșu, Founder and CEO of Pi Squared. 'Together with Pi Squared, we share a vision for seamless, secure multichain interoperability, enabling scalable, verifiable computation and asset movement across decentralized ecosystems, while empowering developers to build trustless applications that span multiple blockchains and execution environments. VSL serves as a foundation for this future vision to take shape,' said Dan Reecer, Co-founder of Wormhole Foundation. Over the next few months, Pi Squared will be extending the VSL network's capabilities by expanding its decentralized programming capabilities, increasing performance, improving validator coordination, and refining the network workflow. The platform is also actively working on features like signature aggregation and multi-client support to make integration seamless across both AI pipelines and blockchain networks. Pi Squared is now inviting infrastructure builders, AI developers, and protocol designers to get involved to test, build, and shape the next era of verifiable, decentralized computing. Ways to Get Involved: Devnet access is available for those interested in exploring live demos, testing applications, and experiencing VSL in action. Additional information and the request form can be found here Integration opportunities with Pi² are open through this form. The team reviews submitted forms and provides follow-up for potential partners. Ongoing updates, demo highlights, and developer-focused content are regularly shared via Pi Squared on X. About Pi Squared Pi Squared is solving the fragmentation and trust limitations of today's blockchain infrastructure by enabling fast, verifiable, cross-chain computation and settlement, so apps, agents, and protocols can interact across ecosystems without relying on bridges, centralized parties, or unprovable logic. It's the missing trust layer for a modular, interoperable, and enterprise-ready Web3. Contact Founder Lorcan Byrne
Int'l Business Times
23-05-2025
- Business
- Int'l Business Times
Psy Develops First Trustless Bridge from Dogecoin to Solana
Hong Kong, China, May 22nd, 2025, Chainwire Solana users will be able to transact with Dogecoin securely, powered by Psy and Wormhole, tapping into a $36B asset and its vast community for DeFi, gaming & more. Psy (formerly QED Protocol) has developed a trustless bridge connecting Dogecoin to the Solana blockchain. This innovation brings proof-of-work security to Solana while making Dogecoin, the world's largest memecoin, available to Solana's ecosystem of dapps. This innovation allows Solana and Dogecoin to directly 'speak' to each other, with each blockchain able to independently verify the other's transactions and consensus without requiring trust in third parties. The bridge not only enhances security but also creates substantial ecosystem opportunities. Bringing Dogecoin's $36B+ market cap and massive community to Solana opens new possibilities for both networks. Dogecoin users gain access to Solana's DeFi, NFT, and gaming applications, while Solana developers can tap into Dogecoin's extensive user base. Unlike traditional bridges, which often rely on multisig signers or custodians, Psy's next-generation proof-of-work technology validates Dogecoin Proof of Work consensus directly on Solana. This trust-minimized approach helps address a major weakness in crypto infrastructure: bridge hacks, which have caused more than $2.8 billion in losses to date. This positions Psy as the leading proof-of-work innovator for Solana, bridging the security benefits of proof-of-work with Solana's speed and programmability. This integration demonstrates that new proof-of-work chains, like Psy's, can interact with high-performance blockchains without sacrificing security or requiring centralized intermediaries. This bridge continues Psy Protocol's mission to empower developers to build hyper-scalable web3 applications to host the next generation of the decentralized internet. The bridge supports standard Dogecoin wallets and exchange deposits. Quotes 'We have been working hard to find ways to better serve the Doge community, and now we get the chance to offer them even greater utility for their Dogecoin,' Carter Feldman, CEO of Psy Protocol, said. 'This demonstrates the promise of combining best-in-class security with user demand and an established developer base.' 'We're thrilled to announce the DOGE bridge to Solana, a big step in welcoming one of crypto's most iconic communities to the Solana ecosystem,' said Lily Liu, President of the Solana Foundation. 'DOGE, Bitcoin's beloved pet, embodies the fun, irreverent spirit that drives on-chain culture. By bridging DOGE into Solana's network, we're inviting the Dogecoin community—and all OG crypto enthusiasts—to join us in marrying on-chain culture and decentralized finance.' "Trustless verification has always been the holy grail of interoperability, but achieving it at scale has remained elusive,' said Robinson Burkey, co-founder of Wormhole. 'Seeing Psy and Wormhole come together to build this around an asset like DOGE captures the true cyberpunk spirit of crypto. We're excited to help bring a $36B asset to Solana—soon to be powered by Wormhole." How the Bridge Works The bridge captures and verifies each Dogecoin block header on Solana. Block headers contain essential blockchain data, including the previous block hash, timestamp, difficulty target, the Merkle root of all transactions in the block, and the Proof of Work consensus algorithm. By verifying these headers directly on Solana, the system cryptographically confirms the validity of Dogecoin transactions without intermediaries. When users send DOGE to the bridge, the system verifies the deposit on the Dogecoin blockchain and mints an equivalent amount of QDOGE tokens on Solana. To convert back, QDOGE tokens are burned on Solana, with withdrawal messages securely transmitted through Wormhole's cross-chain messaging protocol, triggering the release of the original DOGE to the user's Dogecoin address. To enable this bridge, Psy has created a suite of infrastructure for developers: txindex: a fully-featured indexer for Dogecoin with effortless handling of forking behavior electrs-doge: the first open-source block explorer for Dogecoin doge-sdk: the first JavaScript SDK for Dogecoin forkr: an easy-to-use tool for simulating forks/re-orgs on Bitcoin and Dogecoin. About Psy Protocol Psy is the leading innovator in next-generation proof-of-work technology, on a mission to restore the security and decentralization principles of blockchain while enabling modern scalability. Psy is bridging the utility gap between Proof of Work and Proof of Stake chains, empowering developers to build hyper-scalable web3 applications, to provide a credible alternative to a centralized internet controlled by a handful of tech monopolies. Contact Mr Josh Adams Serotonin josh@
