ShabbirK

Trump’s pick of pro-crypto advocate Michael Selig to lead the CFTC ignites fresh optimism, as his pledge to boost freedom, innovation, and make America the crypto capital aligns with his past clarification of XRP’s legal status, signaling powerful bullish momentum.
Trump’s Nomination of Selig Hints at a New Era of Commodity-Driven Crypto Policy
XRP’s legal and regulatory status is back in focus after President Donald Trump nominated Michael Selig as chairman of the U.S. Commodity Futures Trading Commission (CFTC). Selig, chief counsel and senior advisor for the U.S. Securities and Exchange Commission (SEC) Crypto Task Force, confirmed his nomination on social media platform X on Oct. 25, signaling a potential shift toward commodity-based regulation of digital assets.
Selig stated: “I am honored to be nominated by President Trump to serve as the 16th Chairman of the U.S. Commodity Futures Trading Commission. With the President’s leadership, a great golden age for America’s financial markets and a wealth of new opportunities stand before us.” He added:
I pledge to work tirelessly to facilitate well-functioning commodity markets, promote freedom, competition and innovation, and help the President make the United States the crypto capital of the world.
White House AI and crypto czar David Sacks backed the nomination, writing that Selig “is deeply knowledgeable about financial markets and passionate about modernizing our regulatory approach in order to maintain America’s competitiveness in the digital asset era.” He noted: “Mike has not only been instrumental in driving forward the President’s crypto agenda as chief counsel of the SEC Crypto Task Force, he also brings deep experience in traditional commodities markets from his time working at the CFTC under Chairman Chris Giancarlo.”
XRP Gains New Momentum With Trump’s CFTC Pick
Selig helped clarify the legal interpretation of XRP’s classification during the enforcement action brought by the SEC against Ripple Labs and its executives over the sale of XRP. $XRP He focused on explaining that Judge Analisa Torres did not rule XRP itself to be a security, particularly in transactions involving retail investors. In a July 2023 post on X, he addressed common misreadings of the court’s decision:
Continue to hear commentators saying Judge Torres held that XRP is a security when sold to institutions and not a security when sold to retail. This is incorrect. Judge Torres held that XRP itself is not a security, but it can be sold as part of a security.
Trump’s CFTC Pick Puts XRP in the Spotlight as SEC Grip on Crypto Starts to Loosen
Trump’s CFTC Pick Puts XRP in the Spotlight as SEC Grip on Crypto Starts to Loosen
Trump’s pick of pro-crypto advocate Michael Selig to lead the CFTC ignites fresh optimism, as his pledge to boost freedom, innovation, and make America the crypto capital aligns with his past clarification of XRP’s legal status, signaling powerful bullish momentum.
Trump’s Nomination of Selig Hints at a New Era of Commodity-Driven Crypto Policy
XRP’s legal and regulatory status is back in focus after President Donald Trump nominated Michael Selig as chairman of the U.S. Commodity Futures Trading Commission (CFTC). Selig, chief counsel and senior advisor for the U.S. Securities and Exchange Commission (SEC) Crypto Task Force, confirmed his nomination on social media platform X on Oct. 25, signaling a potential shift toward commodity-based regulation of digital assets.
Selig stated: “I am honored to be nominated by President Trump to serve as the 16th Chairman of the U.S. Commodity Futures Trading Commission. With the President’s leadership, a great golden age for America’s financial markets and a wealth of new opportunities stand before us.” He added:
I pledge to work tirelessly to facilitate well-functioning commodity markets, promote freedom, competition and innovation, and help the President make the United States the crypto capital of the world.
White House AI and crypto czar David Sacks backed the nomination, writing that Selig “is deeply knowledgeable about financial markets and passionate about modernizing our regulatory approach in order to maintain America’s competitiveness in the digital asset era.” He noted: “Mike has not only been instrumental in driving forward the President’s crypto agenda as chief counsel of the SEC Crypto Task Force, he also brings deep experience in traditional commodities markets from his time working at the CFTC under Chairman Chris Giancarlo.”
XRP Gains New Momentum With Trump’s CFTC Pick
Selig helped clarify the legal interpretation of XRP’s classification during the enforcement action brought by the SEC against Ripple Labs and its executives over the sale of XRP. He focused on explaining that Judge Analisa Torres did not rule XRP itself to be a security, particularly in transactions involving retail investors. In a July 2023 post on X, he addressed common misreadings of the court’s decision:
Continue to hear commentators saying Judge Torres held that XRP is a security when sold to institutions and not a security when sold to retail. This is incorrect. Judge Torres held that XRP itself is not a security, but it can be sold as part of a security
To illustrate the distinction, he compared XRP to other assets that can be part of broader investment arrangements: “ XRP itself is simply computer code. A fungible commodity, like gold or whiskey — both of which can also be sold as part of investment schemes that implicate securities laws.” Referencing the penalty sought by the SEC, Selig highlighted the outcome of the monetary judgment: “SEC asked for $2b in monetary penalties from Ripple and got $125m. Nearly 95% under the asking amount! SEC can’t argue a $2b penalty against Ripple with a straight face any better than it can the security status of XRP.”
In a broader analysis, Selig said Judge Torres’ ruling exposed a significant structural issue within the U.S. financial regulatory framework, stating: “Judge Torres exposed a massive regulatory gap with regard to crypto assets. This is because most transactions involving crypto assets are not likely to implicate securities laws. But legislation would be needed to fix this.” Following the conclusion of the case, Selig noted that the ruling could influence future market activity, particularly around investment products tied to XRP. In August 2023, he wrote:
We can expect XRP ETF filings as well in the wake of the Ripple decision

#Trupm #Ripple #CFTC #cryptocurreny #usa
$XRP

Ripple’s acquisition of Hidden Road to form Ripple Prime propels XRP and RLUSD to the forefront of institutional finance, merging blockchain infrastructure with global markets and unlocking seamless access to digital assets, derivatives, and cross-asset liquidity.
Ripple Prime Redefines Institutional Finance Through Blockchain Integration
The race to modernize institutional finance through blockchain technology is accelerating as major crypto firms move to integrate traditional market services with digital infrastructure. Ripple announced on Oct. 24 that it has finalized its acquisition of non-bank prime broker Hidden Road, rebranding it as Ripple Prime. The deal positions Ripple as the first cryptocurrency company to own and operate a global, multi-asset prime brokerage, offering services spanning digital assets, foreign exchange, derivatives, swaps, and fixed income products. The acquisition also reflects the company’s broader strategy to expand institutional access to blockchain-based financial services.

“In fact, since the initial announcement of the acquisition, Ripple Prime’s business has grown by 3X, and additional growth for new and existing customers is expected,” Ripple noted. Hidden Road’s founder and CEO, Marc Asch, is working closely with Ripple CEO Brad Garlinghouse and Ripple’s leadership team to integrate the businesses and extend Ripple’s institutional reach globally.
Garlinghouse emphasized Ripple’s strategic direction on X following the completion of its acquisition of Hidden Road. He noted it marks Ripple’s fifth major acquisition in about two years, following GTreasury, Rail, Standard Custody, and Metaco. “As we continue to build solutions towards enabling an Internet of Value – I’m reminding you all that XRP $XRP sits at the center of everything Ripple does. Lock in,” he said.
Ripple Prime is expected to advance the use of the company’s stablecoin, RLUSD, across financial services. Ripple stated:
Ripple Prime will significantly enhance the utility and reach of Ripple’s stablecoin, RLUSD. Today, RLUSD is being used as collateral for a number of prime brokerage products.
“Certain derivatives customers have already opted to hold their balances in RLUSD, which is expected to grow substantially in the coming months,” Ripple further noted. RLUSD earned an “A” rating from research firm Bluechip in July for its stability, governance, and asset backing, with The Bank of New York Mellon Corporation (NYSE: BK) serving as its primary reserve custodian.

#Xrp🔥🔥 #Ripple #GlobalMarket #RLUSD
$XRP

Bitcoin is on the verge of a massive rally as institutional analysts project a $175,000 target driven by surging demand, expanding money supply, and booming wallet adoption—all underpinned by a favorable U.S. regulatory shift and explosive blockchain use cases.
Analyst Forecasts Bitcoin to Hit $175K on Three-Factor Growth Surge
Institutional confidence in digital assets is strengthening as analysts project renewed momentum in bitcoin and blockchain adoption. Financial services firm Siebert Financial (Nasdaq: SIEB) has published a research report forecasting bitcoin $BTC to reach $175,000 within the next 12 months, citing macroeconomic expansion, rising digital wallet adoption, and improving regulatory conditions. The report, authored by research analyst Brian Vieten, introduces a three-factor model designed to quantify bitcoin’s price trajectory based on monetary growth, network adoption, and demand dynamics.
The model incorporates three key variables: a 7% rise in global money supply, which Siebert said “we expect will continue its upward trajectory over the next 12 months, benefitting store of value assets (i.e. scarce, useful assets such as gold, real estate, stocks, and digital assets)”; a 25% expansion in total digital asset wallets, largely fueled by stablecoin and tokenization adoption; and a 20% increase in bitcoin demand, a metric that Siebert estimates remains about 60% below its 2021 peak.
“With this backdrop,” the analyst predicted: “We posit investment into the digital assets space is poised for an acceleration over the next 12 months.”
The report characterizes bitcoin as central to the digital asset ecosystem, with Vieten stating: “We would characterize bitcoin as the ‘genesis’ digital asset and industry bellweather, making up ~60% of total market cap.”
The analyst further wrote: “It is our firm belief that Blockchain will one day power virtually the entirety of the global financial system for 8 billion people.” He additionally shared: “Today there are approximately 700 million Digital Asset wallets, suggesting to us that we are less than 10% into the industry’s adoption.” Siebert concluded
#CryptoNewss #bitcoin #NASDAQ #BTC

The concept of a price battleground in Bitcoin markets refers to a critical price range where the forces of buying and selling pressure are in a fierce and decisive contest. This is where the outcome is expected to determine BTC’s overall direction and confirm a continuation of a bull market or bear market correction.
Why This Zone Will Define Bitcoin’s Next Expansion Phase
In an X post, an institutional-grade reporter, Bitcoin Vector, has highlighted that BTC$BTC has entered its decisive battleground between $110,000 and $115,000, which could determine the trajectory of the entire cycle. In the past week, spot demand, which is the engine of sustained rallies, was notably weak and capped by the escalating US-China trade tensions.
As those tensions eased, that spot demand showed signs of returning, allowing BTC to claw its way back above the critical $110,000 level. Despite recovery back into the battleground, momentum remains negative and flat. Without sustained inflow and spot demand, the bullish structure could fade fast, leaving BTC exposed to another pullback.
However, if demand holds and momentum turns up, BTC advances deeper into the battleground. A failure to maintain this range and BTC may risk retreating again and raising the white flag.
A full-time crypto trader, Sykodelic, has also offered a highly optimistic prediction that Bitcoin will be back to an All-Time High (ATH) by the end of the month. The market is still in uncertainty and fear, where BTC thrives for its next leg higher.
This is the stage of the cycle where disbelief dominates. As a result, traders convince themselves the rally is over, and that’s when BTC starts to move again. By the time BTC approaches its previous highs, traders will finally believe again, which often happens when another long flush clears out late entrants.
Technically, BTC price is moving back above the 4-hour 50-period Simple Moving Average (SMA). Each time, Bitcoin successfully retests this level as support, the price continues to expand higher. “I think the worst is behind us,” Sykodelic noted.
The Supply Battle That Shapes The Next Cycle
The current Bitcoin market is in a supply tug-of-war between two powerful forces. According to the ambassador of MGBX_EN, BitBull, long-term holders (LTHs) have been constantly offloading their coins, while institutions are aggressively absorbing the supply through Spot ETFs and Digital Asset Treasuries (DATs).
Meanwhile, the treasury holdings have quietly surpassed $120 billion, with BTC still dominating the stack. Spot ETFs alone have absorbed tens of thousands of coins this quarter, proving that institutional demand remains strong. However, LTHs are still selling faster than ETFs, and DATs can absorb. Historically, when this kind of accelerated LTH distribution occurs, BTC$BTC
tends to lose short-term momentum
This is not a bearish setup, but it does imply that the upside remains temporarily capped until the selling pressure fades. Thus, institutions are buying the strength, not the bottoms. Ultimately, the next major breakout hinges on when long-term holders stop distributing and return to accumulation mode.
#BTC #Binance #CryptoNews

A quiet migration is underway among Bitcoin’s $BTC wealthiest holders — from cold storage to custodians.
A new wave of U.S. exchange-traded funds (ETFs) is allowing longtime Bitcoiners to fold their holdings into the traditional financial system without selling a single sat.
The change comes after regulators approved “in-kind” transactions for spot Bitcoin ETFs this summer, a mechanism that lets investors deposit Bitcoin directly into a fund in exchange for shares, according to Bloomberg reporting.
This mechanism is a tax-neutral move standard across equities and commodities ETFs.
The result: volatile digital assets become regulated, reportable holdings on brokerage statements, instantly easier to borrow against, pledge as collateral, or include in estate plans.
BlackRock, the world’s largest asset manager, has already processed over $3 billion worth of these conversions, according to Robbie Mitchnick, head of digital assets at the firm. Bitwise Asset Management says it now fields daily inquiries from investors looking to bring private Bitcoin holdings into managed portfolios. Liquidity provider Galaxy has also facilitated several such transfers, per Bloomberg.
The shift marks another ironic evolution for Bitcoin — $BTC
the asset designed to exist outside the banking system is now being absorbed by it.
As ETFs integrate Bitcoin into brokerage infrastructure, even many anti-establishment investors are realizing that some of TradFi’s tools — custody, leverage, and estate planning — can’t easily be replicated on-chain.
Some holders are transferring only part of their Bitcoin, while others are consolidating everything into ETFs for simplicity. This trend could expand Wall Street’s involvement with Bitcoin, bridging the gap between the crypto world and established finance.
BlackRock’s ETF and tokenization push
BlackRock’s iShares Bitcoin Trust ETF (IBIT), launched just 22 months ago, recently reached over $100 billion in assets under management, making it the firm’s most profitable fund.
Generating approximately $244.5 million in annual revenue, IBIT has surpassed long-standing BlackRock ETFs, including the 25-year-old iShares Russell 1000 Growth ETF, in both growth speed and profitability. 
Last quarter, the fund also overtook Coinbase Global’s Deribit platform to become the world’s largest venue for Bitcoin options.
On top of this, BlackRock is simultaneously developing technology to tokenize a wide array of assets, from equities and bonds to real estate, aiming to connect the $4.5 trillion global digital wallet market to the U.S.-based investment products.
#blackRock #ETFvsBTC #BTC #IBIT #etf