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SHIB, Binance Listings, & Market Recovery Spark Buzz

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2 days ago

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The dynamic realm of crypto has closed another week, primarily with remarkable developments unfolding across the broader sector. While Shiba Inu (SHIB) saw remarkable community advancements, Binance unveiled a stockpile of token listings, sparking market discussions. Simultaneously, with the broader market showcasing signs of recovery as 2025 commences, this week proved to be buzzworthy.

So, let’s delve deeper into some of the top crypto market updates reported by CoinGape over the past week.

Shiba Inu (SHIB) Sees Notable Advancements

The renowned dog-themed meme coin Shiba Inu has emerged as the talk of the crypto market this week, witnessing a landmark development followed by constant token burns and a price upswing. The token’s lead developer, Shytoshi Kusama, confirmed that the TREAT token launch lies shortly ahead, sparking considerable optimism across the SHIB ecosystem.

Intriguingly, the launch remains much awaited by community participants, much touted to be a revolutionary endeavor. Simultaneously, the continuous SHIB burn has added to investor enthusiasm surrounding the digital asset. CoinGape spotlighted that the meme coin even eyes 45% gains ahead, primarily against the backdrop of Shiba Inu burn rate surge and strong market trends. Overall, market watchers optimistically eye the token, expecting imminent future gains.

Binance’s Crypto Listings Echo Buzz

On the other hand, crypto exchange giant Binance’s listing chronicles have garnered substantial attention this week. Notably, the leading crypto exchange expanded support for a stockpile of tokens.

CoinGape reported that Binance expanded trade offerings for DOGE, SHIB, and PEPE this week, sparking optimism over the coins’ future prices. Particularly, the platform’s P2P division expanded support for new trading pairs for the mentioned tokens in selected fiat zones across Africa.

Simultaneously, the exchange also unveiled major support for PHA and DF coins this week. Notably, Binance announced new perpetual contracts for Phala Network (PHA) and dForce (DF) tokens with up to 75x leverage, adding to its market chronicles.

Meanwhile, it’s also noteworthy that the exchange secured a major regulatory approval in Brazil this week. Binance has bagged regulatory approval from the Central Bank of Brazil, allowing it to acquire a licensed broker-dealer in the region. Overall, these chronicles have gained significant traction amid the exchange’s rising success, with investors optimistic about the future prices of the mentioned tokens amid enhanced offerings.

Crypto Market Recovery Sparks Hope

Simultaneously, Bitcoin and top cryptocurrency prices have shown signs of recovery as 2025 kicked off, sparking market discussions globally. BTC price witnessed gains worth 3% over the past seven days and closed the week at the $98K level. ETH price witnessed gains worth 8% over the past seven days to close the week at $3,647. Simultaneously, XRP’s price was noted to be up 10% weekly, closing at $2.402. As a response, market sentiments in Q1 2025 remain highly bullish.

Notably, the top cryptos enjoy renewed market interest, as also indicated by recent events. Microstrategy again announced plans to raise up to $2 billion in an effort to purchase more BTC.

Simultaneously, Ethereum whale accumulation amid the recent market dip saw a substantial rise. This saga has added another bullish tint to top crypto prices amid a broader market recovery.

In addition, the Ripple community saw notable developments, with bets of an XRP ETF soaring. CoinGape reported that Polymarket data flagged a 70% probability of a potential Ripple ETF approval in the U.S. This saga has garnered significant optimism toward the leading crypto.

Also, Ripple’s RLUSD stablecoin was recorded flipping its core rivals in 24-hour trading volume this week. Overall, the abovementioned news emerged as some of the most buzzworthy crypto market updates over the past week.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Ripple CEO Brad Garlinghouse Calls $11B Valuation Outdated Amid XRP Price Surge

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3 hours ago

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January 7, 2025

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Ripple CEO Brad Garlinghouse has declared that Ripple’s previous valuation of $11 billion is now “very outdated,” following a notable surge in XRP price and increased demand for Ripple’s blockchain solutions. 

Speaking during a recent interview, Garlinghouse cited the company’s substantial holdings of XRP, now valued at over $100 billion, as a key factor altering Ripple’s valuation outlook.

Ripple CEO Brad Garlinghouse Calls $11B Valuation Outdated

According to Ripple CEO Brad Garlinghouse the company now has more than $100 billion worth of XRP tokens. This development changes the valuation proposition of the blockchain infrastructure company dramatically. The CEO noted that Ripple’s trading in private markets has been much cheaper to the net asset value of the company than other companies that are linked to cryptocurrencies such as MicroStrategy.

“The total value of the XRP we hold is now greater than $100 billion,” said Garlinghouse. He also compared Ripple’s valuation metrics with MicroStrategy noting that the latter trades at a premium to its assets. ”Ripple has been trading in the private markets at a discount while MicroStrategy has trading at 3x premium to its net asset value,” he said.

Ripple was last valued at $11 billion in early 2024 when the company bought back $300 million worth of shares. Nevertheless, Ripple CEO Brad Garlinghouse stated that such an estimate is no longer relevant to the current financial position of Ripple, thanks to the increasing XRP price and institutional adoption.

XRP price has also seen a significant rise in value, it has risen five times its value before the election periods in late 2024. Ripple’s token has had increased liquidity and trading volume, sometimes even outperforming Bitcoin, as per data from FalconX.

This upsurge is in line with other developments within the cryptocurrency market such as the high probability of a crypto ETF launch and debate on a U.S. based blockchain reserve. Crypto analyst Peter Brandt noted in his recent analysis of XRP’s technical chart that if the current bullish flag pattern would be fulfilled, XRP market cap may hit $500 billion.

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Furthermore, the SuperTrend indicator has just turned bullish on the XRP 12-hour chart for the first time in several months. Analyst Ali Charts pointed out that “The last time the SuperTrend indicator changed direction to the bullish side, XRP rose by 470%.”

Ripple CEO Stance on Company Strategic Focus

Although XRP is gaining popularity in the market, Ripple’s main business is still centered on offering blockchain technologies to financial companies. In the interview, Ripple CEO Brad Garlinghouse restated his company’s focus on the B2B sector including banks, payment providers, and corporates, where Ripple is offering solutions like custody and cross-border payments.

Recently, Ripple announced that it would launch its stablecoin called Ripple USD (RLUSD) with the license from the New York Department of Financial Services (NYDFS). Garlinghouse stressed that the RLUSD will leverage XRP rather than replace it, increasing its liquidity, and opening more possibilities for the utilization of Ripple’s DEX and automated market maker (AMM) functionalities.

The acquisition of Switzerland-based custody firm Metaco which was completed about 18 months ago has also put Ripple in a vantage position to offer its institutional products. The CEO was upbeat on the increased demand of the company’s custody services especially from Tier 1 banks.

Changing Regulatory Environment Fuels Optimism

Ripple’s growth has been supported by changing perceptions in the legal environment. Garlinghouse claimed that the previous several months marked a ‘turning point’ due to the exit of SEC Chairman Gary Gensler and the chance for regulatory certainty under the new administration. 

As a result of the recent changes in the US government’s stance with regard to cryptocurrency innovation, Ripple CEO Brad Garlinghouse said, “The winds have changed.” 

Recently, he also stated that 95% of Ripple’s customers are outside the United States, but he expects the interest to return in the United States in the next few months.

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Kelvin Munene Murithi

Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Cardano Price Prediction Points To New ATH as Bullish Breakout Looms

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7 hours ago

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January 6, 2025

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Cardano (ADA) price is showing strong signs of a potential breakout as it consolidates near $1.10, sparking optimism among traders. Ali Charts, a cryptocurrency analyst, has highlighted a bullish pennant formation on ADA’s price chart, suggesting an upward move could be on the horizon.

If this pattern plays out, Cardano price could target higher levels, with the possibility of reaching $1.40 in the short term and breaching the previous all time high of $3.10. The cryptocurrency has gained 28% since the start of 2025, supported by growing network activity and increased investor interest.

Cardano Price Prediction Points To New ATH

Cardano’s price is currently forming a bullish pennant, a technical pattern that often predicts a continuation of an uptrend. This pattern is characterized by a sharp price increase, followed by consolidation in a triangular shape.

The resistance level of the pennant is around $1.11, while the support lies near $1.10. If ADA breaks above the upper trendline, traders could expect the price to surge, with a target near $1.40. Ali Charts emphasized that the “Cardano breakout to $3 could be fast and smooth” if bullish momentum strengthens. This ADA price prediction aligns with an ealier analysis by Coingape pointing to a similar price breakout after the formation of an Elliott Wave.

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Technical indicators also support this outlook. The Relative Strength Index (RSI) is at 67, reflecting strong buying activity, though it is approaching overbought levels. Meanwhile, the MACD (Moving Average Convergence Divergence) remains in bullish territory, suggesting continued upward pressure.

Rising Network Activity Boosts Investor Confidence

In addition to technical signals, Cardano’s network activity has been gaining momentum, which could further support its price action. According to data from DeFiLlama, the Total Value Locked (TVL) on the Cardano blockchain has surged to $595 million, marking a 33% increase since the start of the year.

The rise in TVL indicates growing interest in Cardano’s decentralized finance (DeFi) ecosystem, which is attracting both retail and institutional investors. Transaction volumes have also increased, with the metric reaching $10.64 million, signaling higher on-chain activity.

Moreover, the number of funded wallets on the Cardano network has grown significantly. Since December 19, over 10,000 new wallets have been added, bringing the total to 4.38 million. This influx of new investors is often seen as a positive indicator of market sentiment.

ADA Price Resistance Levels and Potential Targets

While Cardano price prediction is showing bullish momentum, it faces key resistance levels that must be breached to sustain its uptrend. The immediate resistance is at $1.20, as identified by Donchian Channels.

Breaking above this level could pave the way for a move toward $1.34, which corresponds to the 1.618 Fibonacci extension.

If ADA continues to attract buying pressure and breaks out of its current consolidation, it could eventually target higher price levels even as high as $7. However, failure to surpass $1.20 could lead to a pullback, with $1.00 serving as a critical support level. A breach below this support could expose Cardano to further declines, potentially testing $0.92.

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Kelvin Munene Murithi

Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Ex-SEC Lawyer Affirms Settlement in XRP Lawsuit

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18 hours ago

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January 6, 2025

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The Ripple SEC case is in debate again as the deadline for the U.S. Securities and Exchange Commission (SEC) to file its initial brief approaches. A former US SEC lawyer said the parties will likely settle as ruled earlier by Judge Analisa Torres. The incoming Donald Trump administration and SEC Chair Paul Atkins may decide to not pursue the appeal in XRP lawsuit.

Ex-SEC Lawyer Says Settlement in Ripple SEC Case Most Likely

Marc Fagel, a former SEC enforcement attorney, on January 6 posts explained to the crypto community that the government agency didn’t lose, but won in part and lost in part. This requires a settlement between parties as both Ripple and SEC appealed the part they lost.

“Because both parties appealed the part of the case they lost. So the penalty is on hold pending appeal,” he added. The court ordered Ripple to pay $125 million in penalty for $700 million in unregistered securities sales to institutional investors.

Marc Fagel asserts the odds of new SEC administration deciding not to pursue the appeal is higher, which will make parties settle Ripple SEC case on what the court ruled. However, he affirmed that the SEC under Gary Gensler will file appeal by January 15.

Pro-XRP Lawyer Expect May End Timeline for XRP Lawsuit

As reported first by CoinGape Media, lawyer Jeremy Hogan has predicted an April or May timeline for the end of the Ripple SEC case. He added that the decision may not come before that as it takes a lot of time to get reports, memos, requisite SEC meetings and others.

Today, he again commented that Paul Atkins will definitely drop the appeal and settle with Ripple to end XRP lawsuit in 2025.

What’s Next Under Paul Atkins?

Experts and the crypto community believe the end of Ripple SEC case will boost the odds for XRP ETF approval. This may also trigger a rally in XRP price.

CEO Brad Garlinghouse in a post on Sunday criticized the SEC under Gary Gensler saying the actions “froze our business opportunities here at home for years.” He highlights that 75% of Ripple’s open job roles are now US-based and the company has signed new deals in the U.S. in the last six weeks.

“Team Trump is already jumpstarting innovation and job growth in the US with Scott Bessent, David Sacks, Paul Atkins and others at the helm, and they aren’t even in office yet! Say what you want, but the “Trump effect” is already making crypto great again.”

Meanwhile, analysts expect XRP price to see another rally to double-digit figures, similar to a 400% rally after Trump’s re-election.

In short-term, XRP price to consolidate at the current range for weeks and then rally towards a new all-time high, as per analyst CrediBULL Crypto. “Currently trading at around where I closed my last long. We’ve taken some liquidity above us into local supply. Currently eye-ing up the orange zone for another potential long trade,” he predicted.

XRP priceXRP price
source: CrediBULL Crypto

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Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space.

At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as “Best Crypto Media Company 2024” for high impact and quality reporting.

Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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