Bitcoin wavered but ultimately recovered following market turbulence triggered by Fed Chair Jerome Powell’s remarks. Meanwhile, Standard Chartered made waves by predicting XRP could soar 500% by 2028. Coinbase warned of a potential crypto winter, citing a 41% drop in altcoin market cap. At a key roundtable, SEC officials hinted at a sweeping regulatory shakeup. Finally, MANTRA’s OM token plummeted 90% amid insider sell-off allegations.
Bitcoin Stumbles but Recovers as Powell’s Comments Rattle Markets
The cryptocurrency whipsawed right after Federal Reserve Chairman Jerome Powell delivered a damning indictment… read more.
Editor’s comment: The tension between Trump and Powell will be another item to keep a close eye on.
Standard Chartered Sees XRP Soaring 500%
XRP is set to explode 500% by 2028, says Standard Chartered, as ETF approval, tokenization leadership, and institutional… read more.
Editor’s comment: A U.S. spot XRP ETF would be a catalyst for some of this price increase, but the more interesting prediction is that XRP Ledger will see such significant growth that it will surpass Ethereum.
Altcoin Market 41% Drop Signals Possible Crypto Winter: Coinbase
A Coinbase Research report suggests that the 41% drop in the cryptocurrency market capitalization (excluding bitcoin) from… read more.
Editor’s comment: Basically, everyone on this week’s episode of Token Narratives felt like no matter what happens over the short term, Bitcoin dominance will rise, meaning the altcoin share of the market will fall.
SEC Signals Massive Crypto Trading Shakeup at Roundtable
SEC leaders are eyeing a sweeping crypto trading overhaul as calls grow for federal regulation, streamlined innovation, and… read more.
Editor’s comment: I thought SEC Chairman Mark Uyeda’s criticism of the fragmented state-by-state licensing system is particularly important to address.
MANTRA’s OM Token Crashes 90% Amid Insider Sell-Off Allegations
The MANTRA crypto project is embroiled in controversy after its OM token crashed 90% on Sunday, with investors alleging an insider… read more.
Editor’s comment: Despite partnerships with Google Cloud and Dubai’s DAMAC Group, Mantra’s OM token crash shows that risks in defi most likely limit the amount of capital traditional financial institutions are willing to deploy.
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