SEC acknowledges Grayscale’s amendment filing to convert its | The Crypto Basic on Binance Square

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SEC acknowledges Grayscale’s amendment filing to convert its Digital Large Cap Fund into an ETF covering BTC, ETH, XRP, SOL, and ADA. 

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#XRP Price Could Reach $24.37 If it Grows 2% Per Month Until 2035. At the current price of $2.22, a 2% monthly gain would raise XRP’s value to approximately $2.2644 by the end of July. By the following month, the price would increase to $2.3097. At this pace, XRP could reach $2.55 by the end of 2025. One year from now, XRP would be trading at around $2.872 with a consistent 2% monthly gain. In the short term, a steady 2% monthly growth may seem modest. However, the compounding effect of consistent growth becomes more significant over time. Specifically, five years from now, in 2030, XRP’s price would reach approximately $7.43 under this growth scenario. This would mark a new all-time high and give XRP a market cap of nearly $500 billion. Meanwhile, its fully diluted valuation is approaching $1 trillion. By 2035, the price could rise to $24.37 based on the 2% monthly growth. This would equate to a market capitalization of nearly $1.5 trillion, potentially placing XRP ahead of companies such as Broadcom, TSMC, and Berkshire Hathaway. While a 2% monthly growth implies a significant long-term increase, many in the XRP community believe the coin could hit $24 much sooner. Some even predict prices above $30 as early as 2025. This suggests that many expect a far more rapid valuation increase than a 2% monthly growth would suggest. For instance, Telegaon’s price forecast for XRP predicts the coin could reach as high as $87 by 2035. Similarly, crypto exchange Changelly projects XRP could hit $92.88 by December 2034. This indicates expectations of an even higher price by 2035. #CryptoNewsCommunity

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#Cardano founder Charles Hoskinson has made another proposal for a Cardano-focused ecosystem treasury reserve, steering community reaction. He has been persistently seeking ways to put the ecosystem’s dormant ADA treasury to work, with a suggestion in a July 8 X post becoming the latest proposition. Recall that he had earlier proposed using a portion of the stash to buy Bitcoin or a native stablecoin, teasing that it would boost Cardano DeFi and TVL. New Proposal for Treasury Utility In the Tuesday tweet, Hoskinson sought the thoughts of the Cardano community on an ecosystem digital asset treasury containing ADA, Midnight, and the top 50 Cardano native tokens. Notably, this proposal bears a resemblance to his initial suggestions, but this time, he has looked inward. Recall that his call to buy and hold Bitcoin as a treasury asset sparked widespread criticism, with skeptics alleging that a top 10 project has found solace in another major rival. The proposal would see Cardano set up a treasury that includes the Midnight token and other high-ranking native tokens. Data from CoinGecko shows that some of the top Cardano ecosystems include SNEK meme coin, World Mobile Token (WMTYX), Liquid Finance (LQ), Minswap (MIN), and Indigo Protocol (INDY). Top 50 Too Broad? Interestingly, the proposal started a community discussion as proponents shared their thoughts. Notably, a few users emphasized that the top 50 Cardano native tokens would encompass a lot of random tokens without intrinsic use cases. A user stated that he is not a fan of using Cardano’s treasury to buy meme coins, while a few other reactions suggested that the proposal would be more productive if it focused on the top 20 or 25 Cardano-native tokens. However, while a handful of the reactions supported the proposal or something similar, a few others disagreed. For instance, a user favored Hoskinson’s initial idea of a stablecoin investment, insisting that Cardano should fix its stablecoin liquidity issues. #Crypto

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"SEC Ready to Approve XRP, Solana, and Meme Coin ETFs—Secret Meeting Details Just Leaked!"

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TRUMP Meme Coin Expanding to #TRON Blockchain. TRUMP, the meme coin inspired by U.S. President Donald Trump, plans to launch on the Tron blockchain. This announcement came via a statement from the project’s official account on X, fueling hopes for wider adoption. Notably, this would mark its first expansion beyond the Solana network, where it launched earlier this year. The planned cross-chain move aims to tap into TRON’s active user base and faster transaction speeds, which could drive broader adoption of the meme coin. #CryptoNewsCommunity

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Elon Musk says his new 'America Party' will embrace Bitcoin as FIAT is hopeless. #Bitcoin

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