The crypto market is showing signs of potential growth, indicated by recent events surrounding XRP, Tether, and BlockDAG.
XRP Price Rally: Approaching $5
XRP has shown remarkable resilience, breaking past the $2.25 resistance and reaching an intraday high of $2.36. Currently, XRP is trading around $2.33, positioned well above short and long-term moving averages.
A key factor boosting XRP's momentum is the approval by the U.S. SEC for three ProShares XRP futures ETFs scheduled for April 30, 2025. Additionally, the upcoming XRP futures launch on CME Group on May 19 is anticipated to attract further institutional interest. These events, along with a more favorable regulatory environment, are likely to enhance market liquidity.
Tether Update: $1 Billion Mint
In a significant update, Tether minted $1 billion worth of USDT on the Tron network on April 28, 2025. This raises the total minted on Tron to $12 billion this year, with the total supply on the network reaching $71.71 billion.
Historically, large USDT mints have often indicated increased trading activity and market liquidity, enabling traders and institutions to execute large-scale transactions. However, it is important to note that minted USDT initially resides in Tether's treasury and doesn't impact the market until it is deployed.
BlockDAG Passes CertiK Audit and Gains Attention
BlockDAG has officially passed its CertiK audit, an important achievement as it transitions toward completing its presale. The audit validated smart contract behavior, staking mechanics, and overall code integrity, reinforcing BlockDAG's appeal.
To date, the presale has raised over $227.5 million and sold more than 19.7 billion coins. Despite the current batch price of $0.0262, there is a unique opportunity for buyers to secure coins at $0.0019 until May 13.
As the market heats up in 2025, the rally of XRP and Tether's large-scale minting activity highlight renewed interest and liquidity. Meanwhile, BlockDAG's focus on security and community engagement emphasizes its potential within the crypto landscape.
