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U.Today has prepared a summary of the top three news stories over the weekend.
An XRP exchange-traded fund will be approved this year, according to a senior analyst
Recently Share Xprominent ETF analyst Nate Geraci shared a list of his 10 crypto ETF predictions for 2025. Among his thoughts on leading cryptocurrencies like Ethereum and Bitcoin, Geraci listed Prediction regarding XRPThis suggests that the spot-based XRP ETF will receive approval this year. As reported by U.Today, Ripple President Monica Long recently said that XRP will be next in line for an SEC-approved spot ETF after Bitcoin and Ethereum. Several XRP ETF orders are currently pending from companies such as WisdomTree, Bitwise, Canary Capital, and 21Shares. However, BlackRock has ruled out pursuing additional altcoin ETFs for the time being, despite the success of its Bitcoin ETF.
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US Congressman reveals holdings of XRP, SOL and BTC
Rep. Jay Reschenthaler (R-Pa.) recently open His purchases of cryptocurrencies. according to Data Provided by quiverquant.com, buys include XRP, Solana (SOL), and Bitcoin (BTC), each in the $1,000-$15,000 range. Other lawmakers, like Mike Collins (R-GA), have also disclosed their investments, with Collins purchasing Ski Mask Dog (SKI) earlier this year. Barry Moore (R-NC) and Jeffrey Jackson (D-NC) also previously reported significant cryptocurrency transactions. Meanwhile, the US Senate is planning to create a dedicated committee on digital assets, led by Senator Cynthia Lummis (R-Wyoming), known for her ambitious Bitcoin purchase bill. The US House of Representatives Ethics Committee requires lawmakers to disclose their cryptocurrency holdings of more than $1,000 in 2018. Before that, cryptocurrency transactions were unknown to US lawmakers because the disclosure rules for stocks and bonds did not include the new asset class.
$8.32 trillion in 24 hours, Shiba Inu open interest has skyrocketed
On Friday, January 10, Shiba Inu There has been a revivalWith open interest (OI) increasing by more than 36% over 24 hours, the price crossed $0.0000211. According to CoinGlass, 8.34 trillion SHIB, worth $181.45 million, were opened in outstanding derivatives contracts, reflecting heightened investor interest amid recent price volatility. Gate.io exchange dominated the OI numbers, accounting for more than half of all transactions, while Bitget and OKX followed in second and third place. This price rebound can be attributed to token burning activities, which saw 21,709,094 SHIB tokens removed from circulation. Analysts point out that with SHIB approaching an oversold state, the asset could be preparing for further price increases, generating interest among investors and traders. However, at press time, SHIB is trading at $0.00002018, down 6.97% over the past 24 hours, according to CoinMarketCap.
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