XRP Nears ATH Amid Whale Activity and SEC Appeal Deadline
The spotlight has shifted to XRP as a transaction of 30 million XRP worth $76.1 million sparks all the buzz. A transfer from South Korea’s Upbit exchange into an unknown wallet has caught the attention of Blockchain tracking platform Whale Alert.Adding fuel to the fire is the fast-approaching deadline set by the SEC on January 15 for the filing of an appeal in its ongoing case with Ripple. A win might bring on some huge price jumps. In light of this, investors are following the event keenly as they see XRP among the best to propel a bull run in 2025.
Risks with Pi Network: Delays and Market Volatility Pressure Price
The Pi Network is under increasing pressure as delays keep piling up with respect to the mainnet launch. First scheduled for November 2024, the launch has now been rescheduled for January 2025, but no confirmation has been made regarding this date either.Since the November delay, Pi has fallen by 50% due to the crypto market’s continued decline. The extended grace period for the KYC migration has also increased dissatisfaction among users. Analysts are warning that further uncertainty will destroy confidence, further driving the price down.
Ripple President Forecasts US Banks to Adopt Tokenized Assets by 2025
Ripple’s President, Monica Long, believes that US banks will start rolling out tokenized assets and crypto custody solutions in 2025. This prediction is driven by changing regulatory environments and pilot projects involving 15 of the top 25 global banks.Long pointed to the repeal of SAB 121, a rule that treats banks’ digital assets as liabilities, as a major driver of adoption. If this regulatory change happens, Ripple expects tokenized assets will revolutionize traditional finance by enabling secure and efficient asset management.
Sony Launches Soneium Blockchain with NFT and Exchange Services
Sony has launched Soneium, a Layer-2 blockchain designed to drive innovation in the Web3 ecosystem. Built on Ethereum, Soneium focuses on empowering creators, fans, and communities while safeguarding intellectual property.The launch includes two major projects:
NFT-based Fan Marketing Platform: Enables creators to connect with fans in new and meaningful ways.
Crypto Exchange Services: Enhances trading efficiency and security, providing users with a seamless experience.
Developed by Sony Blockchain Solution Labs, Soneium aims to create a decentralized internet ecosystem where ideas and value flow freely, fostering collaboration and creativity.
The spotlight has shifted to XRP as a transaction of 30 million XRP worth $76.1 million sparks all the buzz.
Key Takeaways
XRP is on the verge of a breakout, with whale activity and SEC-related developments driving momentum.
Pi Network struggles with delays and price declines, risking further erosion of investor confidence.
Ripple envisions a transformative 2025 as tokenized assets gain traction in US banking.
Sony’s Soneium blockchain represents the ultimate potential of Web3 through cutting-edge NFT and exchange platforms