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Dogecoin Founder Shares Hot Take on Current Crypto Market Setback

by admin May 31, 2025

DOGE founder comments on crypto market decline
Shibetoshi Nakamoto’s overall take on crypto market

Billy Markus, who created the iconic meme cryptocurrency Dogecoin in collaboration with Jackson Palmer in 2013, has commented on the slight crypto market decline in his typical ironic style. On the X social media platform, Markus is known under the name “Shibetoshi Nakamoto.”

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DOGE founder comments on crypto market decline

The world’s largest cryptocurrency, Bitcoin, has dropped by slightly more than 2%. BTC printed a large red candle on an hourly chart, falling from $105,500. At the time of this writing, Bitcoin is changing hands at $104,400 per coin. Since Thursday, Bitcoin has declined by roughly 5%, losing the $108,800 mark.

The crypto market followed its leader, Bitcoin, into the red zone. During the past day, top 20 coins and those further down the list dropped 2%-8%.

Markus tweeted: “I liked crypto about 10% better yesterday.”

i liked crypto about 10% better yesterday

— Shibetoshi Nakamoto (@BillyM2k) May 30, 2025

Bitcoin began crashing as trade tensions between the U.S. and China have begun escalating again after the recent talks in Switzerland. After that, Bitcoin slightly rebounded as the personal consumption expenditures (PCE) price index, the key inflation metric for measuring the inflation rate, has slipped by 0.1% during the past month. This brought the overall inflation rate up to 2.1% — the lowest in 2025 so far. Still, that did not prevent Bitcoin slipping further after that.

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Shibetoshi Nakamoto’s overall take on crypto market

Billy Markus is known for his skeptical attitude toward investing in/trading crypto and NFTs. Once he even likened trading to a mental illness. Shibetoshi Nakamoto does not believe that analysts or traders are able to predict future movements of crypto prices. He pointed out that “experts” usually explain Bitcoin spikes or crashes after they happen, not before.

In his tweets, Markus often shares that take. He is also often skeptical on predictions promising Bitcoin to soar to 1 million per coin. As for his crypto holdings, Markus has several times posted that he holds a tiny bit of Dogecoin and 0.001 BTC. He sold nearly all his Dogecoin stash back in 2015 to buy a used Honda Civic automobile.

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May 31, 2025 0 comments

NFT Gaming

Volatility Shares launches first XRP futures ETF on Nasdaq

by admin May 22, 2025

Volatility Shares has launched the first-ever XRP futures ETF on Nasdaq today, offering investors indirect exposure to XRP through regulated derivatives for the first time.

According to a SEC filing dated May 21, Volatility Shares, a U.S. firm specializing in innovative ETFs —including leveraged and futures-based products tied to crypto, is launching the first-ever Ripple (XRP) futures exchange-traded fund today, May 22. The new product, listed on Nasdaq under the ticker $XRPI, is the first ETF of its kind to offer indirect exposure to XRP through futures contracts.

The ETF, part of the Volatility Shares Trust, will invest at least 80% of its net assets in XRP-linked instruments, including futures contracts traded on the Chicago Mercantile Exchange, via a subsidiary based in the Cayman Islands. In addition to the standard product, Volatility Shares also plans to introduce a leveraged 2x XRP futures ETF, aimed at delivering twice the daily performance of XRP futures.

Eric Balchunas, a senior ETF analyst at Bloomberg Intelligence, called the 1x XRP futures fund a “market first” in a post on X, noting that its debut follows the successful launch of a 2x XRP futures ETF by Teucrium in April. That leveraged fund has already amassed $120 million in assets under management and sees daily trading volumes around $35 million, an encouraging signal for demand.

The rollout of these XRP-related financial products comes amid broader speculation that the SEC could approve spot XRP ETFs by the end of this year. Several firms, including Franklin Templeton, 21Shares, and Bitwise, are vying to launch spot-based XRP funds, which would hold XRP directly rather than rely on derivatives.

According to Polymarket, traders are placing the probability of a spot XRP ETF being approved in 2025 at 83%. Nate Geraci, president of The ETF Store, echoed that sentiment, stating, “I simply don’t see this SEC not approving a spot XRP ETF.

2x leveraged XRP ETF is *currently* live & trading…

I simply don’t see this SEC not approving spot XRP ETF.

And sooner, rather than later.

— Nate Geraci (@NateGeraci) April 16, 2025

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May 22, 2025 0 comments

NFT Gaming

First XRP Futures ETF to Be Launched by Volatility Shares

by admin May 21, 2025

First 1x XRP futures ETF sees debut
Spot XRP ETF next

Renowned investment company Volatility Shares will be launching the first-ever XRP futures ETF on May 22, according to a recent X post shared by Eric Balchunas, a senior ETF analyst at Bloomberg.

This big move, which marks the first of its kind in the crypto industry, will see Volatility Shares offer XRP-based investment products.

VolatilityShares is launching the first-ever XRP futures ETF tomorrow, ticker $XRPI.. yes there is a 2x XRP already on market (this is first 1x) and it has $120m aum and trades $35m/day. Good signal that there will be demand for this one. pic.twitter.com/rCooyNZgu0

— Eric Balchunas (@EricBalchunas) May 21, 2025

First 1x XRP futures ETF sees debut

The launch of this investment product, which is scheduled for May 22, comes amid growing institutional demand for XRP futures, just 2 days after their initial launch on CME.

Apparently, the groundbreaking launch of XRP futures on CME has paved the way for major adoptions like this, providing institutional investors with the opportunity to securely leverage XRP futures contracts.

While this major development has sparked speculation across the broader crypto market, it is already seeing adoption among institutions, positioning the third-largest cryptocurrency by market capitalization for a sustainable bullish momentum.

According to Balchunas, the fund will trade under the ticker XRPI, representing part of the Volatility Shares Trust fund.

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This big move from Volatility Shares comes barely a month after Tectrium launched its XRP-based investment product, Tectrium 2x Long Daily XRP ETF.

In his post, Balchunas acknowledged the existence of this 2x Long Daily XRP ETF, an initiative that focuses on providing returns that double the daily gains projected by XRP in the market.

However, Balchunas emphasized that the proposed XRP futures launch from Volatility Shares is the first 1x XRP futures ETF, propelling XRP toward mainstream adoption.

While the Tectrium 2x Long Daily XRP ETF already boasts $120 million in assets and a massive $35 million daily trading volume, Balchunas is confident that it will boost investor confidence, thereby fueling demand for the 1x XRP futures ETF.

Notably, Volatility Shares’ decision to launch an XRP futures ETF will see the firm providing its investors with returns based on XRP market gains.

Spot XRP ETF next

While the U.S. SEC’s decision on the proposed spot XRP ETF has not yet been disclosed, market participants and experts are confident that the launch of the spot XRP ETF is fast approaching.

The major developments within the Ripple ecosystem in recent days position the digital asset for more institutional demand.

As such, there are speculators who believe that these developments may be the stepping stones the spot XRP ETF needs to achieve SEC approval.

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May 21, 2025 0 comments

GameFi Guides

Binance Founder Shares 3 Key Questions Every Crypto Investor Should Ask

by admin May 20, 2025

Founder of Binance Changpeng Zhao – better known in the crypto world as CZ – recently offered a simple framework for thinking about risk, an especially important topic in crypto.

The basis of his approach is three straightforward questions: first, what is the worst-case scenario? Would you be able to maintain your lifestyle and cover the basics if the asset you are investing in drops to zero?

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Next, how many attempts can you realistically afford if things do not go as planned? Finally, do you understand what you are getting into? If not, CZ says it is a better idea to learn first before taking a chance with your money.

Learn to manage risk:
1. ask: what is the worst case scenario? if it goes to 0, can you survive? keep your life style?
2. how many times can you afford to try?
3. do you know/understand what you are doing? if not, read/learn. https://t.co/brV7Icbd6a

— CZ 🔶 BNB (@cz_binance) May 20, 2025

CZ’s message emerged amid the crypto markets’ newfound optimism, thanks to the influx of traditionally conservative institutions, as well as the launch of U.S.-approved Bitcoin ETFs, both of which are opening new access points for investors.

Despite no longer being CEO of Binance, Zhao continues to play a key role in the industry. Since stepping down as chief executive officer, his focus has shifted toward mentoring startup founders, investing in decentralized technologies and helping build educational resources for the industry.

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A few months ago, he predicted that Bitcoin might hit between $500,000 and $1 million during the present market cycle, though he has not offered a specific timeline.

Beyond Bitcoin, CZ acknowledged that many speculative assets, especially meme coins, seem unlikely to hold long-term value. On the other hand, there is potential in areas such as artificial intelligence, decentralized finance and real-world asset tokenization.

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May 20, 2025 0 comments