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🇷🇺 BREAKING: Bank of Russia to allow limited crypto buying for investors.

XRP has experienced a noticeable 3% surge in the past 24 hours, currently trading at $2.14 after briefly touching $2.24. However, uncertainty continues to shake investors’ confidence. The price action coincides with major developments in the crypto market, as Franklin Templeton has confirmed plans to launch a spot XRP exchange-traded fund (ETF), signaling growing institutional interest beyond Bitcoin. Franklin Templeton’s move follows its Solana ETF filing last month, consistent with asset managers’ increasing efforts to secure regulatory approval for crypto-related funds. However, the United States Securities and Exchange Commission (SEC) remains cautious , delaying decisions on multiple spot cryptocurrency ETFs, including XRP, Solana, Litecoin, and Dogecoin. The next review date is set for May. It’s crucial to understand that if approved, these investment products could introduce significant liquidity and demand, potentially driving prices higher. Related: Ripple CTO David Schwartz on XRPL: KYC Tussle and Decentralization Financial commentator Patrick Bet-David stated that XRP has the potential to reach $1,000 if it captures a significant share of SWIFT’s global payment volume . SWIFT processes around $5 trillion daily, or $1.24 quadrillion annually. Bet-David estimates that if the XRP Ledger processes just 5% of SWIFT’s volume, XRP’s price could climb to $100, with further upside if adoption increases. The Relative Strength Index (RSI) currently sits at 42.96, indicating that XRP has yet to confirm a strong bullish reversal. A push above 50 would signal stronger buying momentum, while a drop below 40 could lead to further downside. Related: XRP Price Prediction March 12: Can Regulatory Clarity Win Help the Token Defy Downturn? However, the Bollinger Bands (BB) show XRP trading near the lower band at $1.92, suggesting that it is approaching a potential support zone. Historically, a bounce from this level could trigger a short-term rally toward the middle band at $2.35 and, if bullish momentum builds, toward the upper band at $2.78. A break above $2.35 would confirm a bullish continuation, while a drop below $1.92 could push prices lower. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

The pace of implementing the U.S. Bitcoin Strategic Reserve Act is quicker than market expectations, according to Bitcoin Magazine CEO David Bailey. Bailey posted on X that the timeline is days and weeks, not months or years. This shows that government officials are acting swiftly to establish a Bitcoin reserve. “The administration is ‘moving at the speed of tech’ and ‘acting with urgency,” Bailey wrote. This development follows President Donald Trump’s signing of an executive order for crypto last week. This signing officially establishes the U.S. Crypto Reserve, comprising a Bitcoin-only reserve and a national stockpile for altcoins. Related: Donald Trump Makes It Official: Strategic Bitcoin Reserve, Altcoin Stockpile Is Law President Trump’s executive order introduces a long-term strategy for integrating Bitcoin and other cryptocurrencies into the national financial system. According to David Sacks, the White House Crypto Czar, this reserve will not use taxpayer funding. It will be funded using the nearly 200,000 BTC the U.S. government acquired through criminal forfeiture. This is currently valued at approximately $17 billion. The plan directs Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick to explore budget-neutral ways to acquire more Bitcoin without using taxpayer money. One proposal under consideration suggests selling a portion of the U.S. gold reserves to increase the nation’s Bitcoin holdings. Beyond the Bitcoin reserve, the executive order also mandates the creation of a national stockpile for altcoins. This reserve will focus on Ethereum (ETH), Solana (SOL), XRP, and Cardano (ADA), which Trump specifically named in a prior speech. The U.S. government currently holds 56,035 ETH, valued at approximately $120.96 million, along with additional holdings in various altcoins and stablecoins. While the government does not yet own XRP, Solana, or Cardano, there are discussions about converting some of its existing altcoin holdings into these cryptocurrencies. Related: Peter Schiff: Bitcoin’s 30% Price Crash Makes US Government’s Reserve “Rationale Hard to See” The faster timeline could impact Bitcoin’s market dynamics, potentially increasing institutional demand. Bitcoin is trading at $81,659, up 1.6% in the past day, reducing its weekly loss to 6.2%. Meanwhile, XRP has also risen 2.6% over the same time, while Solana, Ethereum, and Cardano’s prices have seen a minimal price drop, continuing their price declines. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Speaking at the CERAWeek energy conference in Houston, BlackRock CEO Larry Fink didn’t mince words about the economic impact of America’s increasingly nationalistic policies. Fink directly linked potential inflation to mass deportations and a shrinking workforce in key sectors like agriculture and construction. Fink warned that tighter immigration restrictions and a rise in nationalism could lead to higher inflation. He admitted that while nationalistic policies are popular, their economic impact on the labor market could send prices soaring. He specifically called out agriculture, pointing out that many farm workers are foreign-born and vulnerable to deportation policies. He also flagged the construction sector, where a large percentage of the workforce comes from outside the U.S. Fink painted a stark picture, warning of a labor market so tight that there wouldn’t be enough workers for basic tasks. He emphasized that agriculture relies heavily on foreign labor, and deportations could create a workforce vacuum, driving up the cost of food and infrastructure. He also noted a shortage of electricians critical for building AI data centers, underscoring how these policies strain various industries. Related: BlackRock CEO Predicts Further Fed Rate Cuts Before Year-End Looking ahead, Fink believes that technological advancements, especially artificial intelligence (AI), will likely lead to deflation in the long run. He predicted that AI would reshape business operations and reduce the need for labor in manufacturing and technology. He gave the example of AI in robotics, which could slash worker needs by 30% in the next two years. Shifting gears, Fink also touched on BlackRock’s latest investment in global ports. The firm grabbed a 90% stake in a company running ports near the Panama Canal, significantly expanding BlackRock’s portfolio. This deal adds 43 ports across more than 20 countries, bringing BlackRock’s total to 100. Related: Rising U.S. Inflation Drives Fed Policy Shift as Bitcoin Rallies Toward a 98K Target Fink’s CERAWeek comments offered a glimpse into BlackRock’s views on U.S. economic policies and the global market’s future. The firm’s concerns over labor shortages and inflation mirror broader discussions about the financial impact of immigration policies and technological advancements. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

European regulators are said to be looking into crypto exchange OKX’s trading and self-custody offerings after revelations that North Korea’s Lazarus Group laundered funds from the $1.5 billion Bybit hack through the platform. According to a Bloomberg report on Tuesday, which cited sources familiar with the matter, the issue was discussed at the European Securities and Markets Authority’s (ESMA) Digital Finance Standing Committee meeting on March 6. The meeting included regulators from all 27 EU member states as well as officials from the ESMA and the European Banking Authority (EBA). Regulators reportedly debated whether OKX’s permissionless tools violate the European Union’s Markets in Crypto Assets (MiCA) regulations. MiCA, which took full effect late last year, provides exceptions for decentralized applications, but some regulators suggested that OKX’s Web3 services should be covered by the rules. If found to be breaking the rules, OKX could face significant penalties, including losing its MiCA license, which it obtained in February. OKX has denied that it is under investigation, stating on its official X (formerly Twitter) account that its non-custodial Web3 offerings are “no different” from similar services provided by other industry players. Related: FBI: North Korea’s “TraderTraitor” Gang Behind $1.5B Bybit Hack The issues surrounding OKX seem to have affected its native token, OKB, which briefly dipped below $40 before recovering to $40.71 at press time . The token has dropped 5% in the past 24 hours and fallen 15% over the last 30 days. The Relative Strength Index (RSI) stands at 34.90, indicating that OKB is close to oversold conditions, which could signal a potential rebound. Meanwhile, the Bollinger Bands (BB) show resistance at approximately $44.75 and support near $39.27, suggesting a tight trading range in the short term. Bybit CEO Ben Zhou previously claimed that at least $100 million in assets flowed through OKX’s Web3 platforms following the February hack. Related: Bybit CEO: $1.4 Billion Crypto Hack Tracked, Majority Potentially Recoverable The Lazarus Group, a state-backed cybercrime group from North Korea, is known for its advanced money laundering methods, using multiple protocols and crypto mixers to hide fund flows. Security researchers estimate that 20% of the stolen funds have now “gone dark,” making recovery virtually impossible. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.