Crypto Market Update: XRP ETF Rumors, SHIB Hack, and Bitcoin Price Prediction
XRP ETF Launch Rumors Debunked
Bloomberg Intelligence analyst James Seyffart has clarified that ProShares’ futures-based XRP ETFs will not launch on April 30. The rumors stemmed from an outdated regulatory filing, with no official confirmation from ProShares. While the exact launch date remains uncertain, Seyffart believes the ETFs will launch in the near future.
Hackers Swap 150 Billion SHIB for Ethereum
Blockchain security firm PeckShield reported that hackers exchanged 150 billion SHIB and 756 million HOT tokens for 1,500 ETH, transferring 1,050 ETH to TornadoCash. Currently, the attackers hold 5,111 ETH and 16 million DAI, valued at nearly $25.5 million. This incident, linked to a 2023 Bitrue cyberattack, raises concerns about potential market volatility and downward pressure on SHIB’s price.
Presto Predicts Bitcoin to Reach $200k by 2025
Peter Chung, head of research at Presto, reiterated the firm’s Bitcoin price target of $210,000 by 2025. He attributes this forecast to strong institutional demand and increased global liquidity. Bitcoin currently trades at $95,098, with institutional investors driving recent gains. Chung views the market correction as healthy, comparing Bitcoin’s stability to gold amid economic uncertainty.
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