๐จ BREAKING NEWS ๐จ
Hereโs the top cryptocurrency news for Sunday, May 18, 2025:
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๐ Ethereum Nears $3,000 Amid Market Speculation
Ethereum (ETH) is approaching the $3,000 resistance level, sparking renewed discussions about its price trajectory. The market is closely watching the actions of Ethereum co-founder Vitalik Buterin, as his involvement could influence investor sentiment and the coin's performance.
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๐ง Tether Announces Decentralized AI Platform: Tether.ai
Tether, the company behind the USDT stablecoin, has unveiled plans for Tether.ai, a decentralized artificial intelligence infrastructure. This platform aims to allow users to operate AI models on their devices without relying on centralized servers, enhancing privacy and control. Tether.ai is expected to integrate with Tether's existing tools like Keet and Pear Runtime, marking a significant step in merging blockchain technology with AI.
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๐ XRP Futures and ETFs Set to Launch
The CME Group is set to launch XRP futures contracts on May 19, pending regulatory approval. These contracts will be available in both micro and standard sizes, catering to institutional and retail investors. Additionally, ProShares plans to introduce three XRP-based ETFs, providing leveraged and inverse exposure to XRP futures. These developments are expected to increase XRP's accessibility and trading volume.
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๐ฆ Coinbase Acquires Deribit for $2.9 Billion
Coinbase has announced the acquisition of crypto derivatives exchange Deribit for $2.9 billion. This move aims to expand Coinbase's presence in the crypto derivatives market, where Deribit has seen significant growth. The acquisition is expected to close by the end of 2025, pending regulatory approval, and marks a strategic expansion for Coinbase into the derivatives sector.
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