Analysts Says Ripple IPO Could Trigger ‘Insane Valuation’ — What It Means for XRP Price

Analysts Says Ripple IPO Could Trigger ‘Insane Valuation’ — What It Means for XRP Price

[ad_1] Crypto analyst Johnny has said that Ripple’s long-anticipated IPO could drive both the company and its XRP token to new heights. Key Takeaways: Crypto analyst Johnny believes a Ripple IPO could spark a major rally for XRP. XRP has traded within a symmetrical triangle since January, with analysts expecting a breakout. Despite IPO speculation, … Read more

Thailand exempts crypto capital gains tax for 5 years

Thailand exempts crypto capital gains tax for 5 years

[ad_1] Thailand has announced a five-year exemption on capital gains tax for crypto transactions, aiming to boost tax revenue and position the country as a global digital asset hub. Thailand’s Ministry of Finance has approved a new tax measure aimed at promoting the country as a global digital asset hub. Deputy Finance Minister Julapun Amornvivat … Read more

JD.com to support stablecoin shopping by launching its own HKD-backed stablecoins

JD.com to support stablecoin shopping by launching its own HKD-backed stablecoins

[ad_1] Hong Kong-based e-commerce firm JD.com plans to issue its own stablecoin backed by the Hong Kong dollar by the end of 2025 and potentially support other stablecoins. In an interview with Bloomberg Businessweek, the e-CEO of JD CoinChain Technology Liu Peng that the e-commerce platform has registered itself for the government’s stablecoin issuer “sandbox,” … Read more

JPMorgan to pilot JPMD deposit token on Base blockchain

JPMorgan to pilot JPMD deposit token on Base blockchain

[ad_1] JPMorgan is set to test a new digital deposit token, JPMD, on Coinbase’s Base blockchain, a move that expands the bank’s blockchain footprint beyond internal systems. As reported by Bloomberg on June 17, the pilot will see a fixed amount of JPMD, backed one-for-one by U.S. dollar deposits, transferred from JPMorgan’s wallet to Coinbase. … Read more

XRP, SOL ETFs face SEC delay, but approval hopes remain

XRP, SOL ETFs face SEC delay, but approval hopes remain

[ad_1] The U.S. Securities and Exchange Commission has officially delayed decisions on two additional ETFs, adding them to a growing list of applications now facing extended timelines. According to separate filings published on Tuesday, June 17, the SEC is initiating formal proceedings to determine whether to approve or deny Franklin Templeton’s proposed XRP (XRP) and … Read more