The crypto market has witnessed important events involving XRP, Bitcoin, and Cardano, leading to changes in trades and wallet functionalities.
XRP Futures Trading Hits $542 Million
CME Group, a derivatives marketplace based in Chicago, reported that XRP futures reached $542 million in monthly trading volume. Almost half of this volume came from international markets, with open interest standing at $70.5 million. CME Group confirmed the launch of futures in April, with the product becoming available in two categories: regular and micro-futures. In the initial three days, trading generated over $19 million in volume. The successful launch of regulated XRP futures is seen as a crucial step towards the potential approval of a spot-based XRP ETF in 2025.
Samson Mow Predicts $1 Million Bitcoin
Samson Mow, CEO of JAN3 and a Bitcoin maximalist, once again predicted a sharp rise in Bitcoin's price, which he refers to as the 'omega candle.' In a post on the X platform, he stated that this candle could lead to a $100,000 increase in Bitcoin's price in a single day. Mow expressed confidence that Bitcoin will ultimately reach one million dollars per coin, regardless of timing. He noted that Bitcoin is not trading at $10 million per coin because the world does not yet understand its value.
Cardano Adds Bitcoin Support to Its Wallet
Cardano co-founder Charles Hoskinson announced that the Lace wallet now officially supports Bitcoin. Originally launched in 2023, the wallet began its multi-chain journey in April with the release of Lace 1.22, allowing beta testers to manage BTC on a test network. Support for Bitcoin was added with the release of Lace 1.24 following a successful security audit. Hoskinson also confirmed that XRP token support is set to be added to the wallet soon. The latest version of the Lace wallet includes features such as delegation and on-chain voting.
Recent news highlights the dynamic development of the crypto market, with XRP, Bitcoin, and Cardano occupying key positions, drawing interest from investors and users.
