Tag: launch

Can the native USDC launch on May 6 cause a break?

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  • Sonic is ready to update to USDC and integrate with CCTP V2 for better liquidity and experience.
  • The price of Sonic (s), currently at $ 0.5226, can reach $ 1.03 or fall to $ 0.3596 after updating.
  • A successful transition could generate greater adoption and liquidity, which would potentially boost the price of river.

Sonic (s), the native token of Sonic’s blockchain, has quoted in a narrow range during the last 48 days, with investors with enthusiasm with enthusiasm the Next transition from USDC Native USDC .

This transition is expected to be scheduled for May 6, 2025, bring significant changes to the Sonic ecosystem, which could affect the price of Sonic (s).

Since the market remains in a state of anticipation, understanding the implications of this transition and the current technical configuration is crucial to predict the future fluctuation of the Sonic price (s).

The next USDC bridge transition to USDC in Sonic

USDC, known as USDC.E, is a widely used USDC version, which has been bridged from another blockchain to the Sonic network.

This bridged form has been functional, but presents limitations such as the possible fragmentation of liquidity and dependence on third -party bridge mechanisms. The native USDC transition, issued directly by Circle in the Sonic Blockchain, is designed to overcome these challenges and optimize operations.

Native USDC is fully regulated, backed by reservations and exchangeable 1: 1 for US dollars, which offers a stable robust and reliable currency option. It also introduces institutional entry and exit ramps through Circle Mint, which allows eligible companies to interact without problems with the Sonic ecosystem.

Integration with CCTP V2 further improves this update by facilitating USDC transfers between fast, safe and efficient block chains between compatible blockchains. Scheduled to begin on May 6, 2025, the transition will pause the bridge activity in Sonic Gateway between Ethereum and Sonic for approximately a week.

During this period, Circle will assume the property of the USDC Puente contract, which will allow the transition to Native USDC without user intervention. Once completed, USDC will be fully operational, which promises greater liquidity and better user experience throughout the Sonic network.

Sonic price prognosis (s)

Sonic (s) has been in a consolidation phase during the last 48 days, finding resistance at key technical levels such as the VWAP SR, the Fibonacci level of 0.618 and the maximum of the value area.

The negotiation volume has remained constantly low, which reflects the lack of impulse or conviction among market participants. The current price of $ 0.5226 is close to the midpoint of this range, which makes it a crucial level to determine the next movement.

A successful transition to Native USDC could promote greater adoption and liquidity, potentially promoting the price above the established resistance zone.

Historically, these updates to native stablcoins have strengthened blockchain ecosystems by attracting more users and developers, although the impact on the price depends on the general dynamics of the market. On the contrary, any setback or delay in the transition could erode the confidence of investors, with the risk of a fall below the midpoint towards lower support levels.

The volume will play a fundamental role to indicate the direction of any breakup, since a sudden increase along with a movement above the resistance suggests an upward trend.

If this scenario is completed, Sonic (s) could point to its previous historical maximum of $ 1.03, which offers a potential gain of 97% compared to its current price.

On the other hand, a rupture below the range, especially with a higher volume, could make the price re -test its historical minimum of $ 0.3596, a drop of approximately 31%. Investors should be attentive to the volume and price behavior around these key levels as the USDC transition develops to evaluate the market response.

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Coinbase is preparing to launch XRP futures while the expansion of derivatives continues

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  • Presentation of XRP futures carried out under the process of autocertification of the CFTC.
  • Ripple paid $ 50 million in an agreement with the SEC last month.
  • Grayscale, Franklin Templeton and others submitted requests for XRP ETF

Coinbase has taken another important step in the expansion of its supply of derivatives by requesting regulatory approval to launch an XRP futures contract. The American cryptocurrency exchange platform presented on Thursday the documentation to the Trade Commission of Futures of Raw Materials (CFTC) to autocertify the new product, with a launch date set for April 21.

This measure positions Coinbase to offer its third product of cryptocurrency futures in 2024, after the departures with Solana (Sun) and Hedera (Hbar). Unlike cash operations, future contracts allow investors to speculate on the fluctuation of the price of an asset without having the underlying token.

The incorporation of XRP could significantly improve institutional access to the currency, especially following the Ripple Partial Agreement with the United States Stock Exchange and Securities Commission (SEC) last month.

The launch of XRP futures is scheduled for April

The last presentation of Coinbase Derives before the CFTC describes the plans so that XRP futures begin to quote from April 21, waiting for regulatory authorization.

The application is made in accordance with the CFTC self -finish process, a mechanism that allows bags to streamline the inclusion of products in the market provided they comply with all applicable standards. If the agency does not oppose, the product can come into operation without delay.

The Coinbase decision of adding XRP to its line of regulated futures underlines its broader strategy to support both native cryptocurrency investors and traditional.

In recent months, the platform launched futures for Solana and Hedera, both with the approval of the CFTC by the same route. Together with XRP, Coinbase awaits regulatory approval for futures contracts linked to Cardano (ADA) and Natural Gas (NGS), whose entry into operation is planned by the end of April.

The XRP price remains stable above 2 dollars

Currently, XRP quoted slightly above $ 2 with minimal intradic volatility. The relatively stable performance of the currency contrasts with the cryptocurrency market in general, where prices have remained very reactive to macroeconomic signals and regulatory updates.

Fountain: Coinmarketcap

The main utility of XRP lies in its function as a liquidation token for rapid and economic cross -border payments. The launch of a regulated futures contract could allow investors to cover or obtain exposure to the fluctuation of the token price without having it directly.

This can be especially attractive to high frequency institutions and traders that seek to avoid custody risks associated with cryptocurrency holdings in cash.

The measure could also affect the liquidity of the market in the cash of XRP, since a greater activity of derivatives is often correlated with stronger commercial volumes and price discovery mechanisms.

Legal clarity could unlock ETFs

The Coinbase initiative on XRP futures arrives shortly after Ripple, the token creator company, resolved its prolonged legal dispute with the SEC. In March 2024, the agency withdrew its appeal in the case initiated in December 2020.

Ripple agreed to pay 50 million dollars As part of the agreement, an amount significantly lower than the 125 million originally proposed. Ripple also withdrew his counterpart, ending the dispute of several years.

The resolution has fed the speculation that the SEC could approve a bottom quoted in the XRP bag (ETF) in cash. Several important fund managers, such as Grayscale, Franklin Templeton, Bitwise, 21Shares, Coinshares, Wisdomtree and Canary Capital, have requested the approval of XRP ETFs.

Proshares and Volatility Shares also seek regulatory approval for their related investment products. Analysts believe that regulatory clarity on XRP’s legal status could pave the way for larger financial institutions, such as Blackrock and Fidelity, explore new product offers.

While the SEC has not yet issued any approval, industry participants suggest that the agreement has eliminated a key barrier to adopt XRP within the most traditional financial frameworks.

Coinbase expands cryptocurrency derivatives

The coinbase self -finish model is emerging as a proof case of how native cryptocurrency companies can operate within traditional financial regulation.

Exchange’s growing futures portfolio demonstrates how cryptocurrency companies are adapting to the supervision of the CFTC, even while the broader regulatory tensions between US agencies continue.

The CFTC has expressed interest in expanding its role in cryptocurrency derivatives markets, often facing the SEC for jurisdictional issues.

Coinbase’s ability to function in this environment could determine the speed with which the new digital asset futures products reach the market. As institutional interest grows, regulatory capacity will probably determine which platforms can compete on a large scale.

The post coinbase prepares to launch XRP futures while the expansion of derivatives Appeared First on coinjournal continues.

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Coinbase will launch Bitcoin and Ethereum 24/7 in the US.

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  • Coinbase will launch the Bitcoin and Ethereum’s futures products 24/7 in their futures bag regulated by the CFTC, Derives Coinbase.
  • The bag also plans a perpetual style futures contract.

Coinbase seeks to take advantage of the growing demand for operations with cryptocurrencies with an offer of futures 24 hours a day for Bitcoin (BTC) and Ethereum (ETH).

The stock market, the largest regulated provider based in the USA.

Coinbase declared in a advertisement On March 10 that this negotiation of futures 24 hours a day, 7 days a week for the two main digital assets for market capitalization will be implemented in the coming weeks.

“Today, US futures markets operate within fixed negotiation schedules, discouraged with nature 24 hours a day, 7 days a week of cryptocurrencies. This forces operators to remain on the sidelines during the key movements of the market, which limits their ability to react in real time. With the launch of access 24 hours a day, 7 days a week to the futures of Bitcoin and Ethereum, we are eliminating this gap, ”wrote Greg Tusar, vice president of institutional products of Coinbase.

The demand for futures operations is high

The stock market plans are also to reveal perpetual -style futures contracts to US clients, something that is not possible with offshore bags that are currently not subject to the regulations of the United States.

“While real trade 24 hours a day, 7 days a week is a fundamental step forward, we know that merchants want more. That is why we are also working to bring to the market a perpetual style

Coinbase will seek to participate in a market dominated by global cryptocurrency bags such as Binance and OKX. Meanwhile, it promises to provide users with opportunities in a market that is expected to benefit from the growing pro-written regulation, particularly in the US.

“Our goal is simple: to provide merchants the tools they need to administer the risk and take advantage of opportunities in cryptocurrencies, in their terms,” ​​said Coinbase.

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KIP protocol denies participation in Libra launch

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  • Kip Protocol says he did not start or launch Libra.
  • The project also did not benefit in any way with the launch, despite having been “deceived” when publishing about the Token.
  • Libra, also promoted by Argentine president Javier Milei in X, crashed shortly after launch.

KIP Protocol, the web 3 for AI based, has denied accusations that it had a role in the launch of Libra, the cryptocurrency that turned out to be a great scandal in space.

Monday, Kip Protocol team public A statement that said clarifying the facts around the launch of the Token Libra.

“We recognize the damage that the $ LIBRA situation has caused to many investors, to our customers and the cryptographic community in general. As many have surprised us recent events and we want to clarify the facts about the role of Kip Protocol in the event, ”published the platform in X.

The Kip Protocol declaration listed five key points related to the LIBRA project. It also highlights the support of Argentine President Javier Milei a fact that only saw the retailers suffer since the price collapsed shortly after.

The events even caused the launch of an investigation in Argentina, while industry observers indicated the damage to retail investors. One of the platforms that Criticism was criticized was Kip Protocol.

What has the project on Libra said?

In his statement, the KIP Protocol team has denied the reports that the project began.

“Kip did not start the Libra project or the Living La Libertad project. We do not direct any activity or participate in any discussion about the launch of the Token. We are an artificial intelligence company in the initial stage that became a convenient part to provide coverage to other parts that began and administered the launch of the Token, ”reads part of the statement.

The publication in X also highlighted four other points. Includes the statement that the project did not create or approve the website for the Living La Libertad project. Instead, KIP had an invitation that sought his assistance in the management of a financing initiative aimed at small and medium -sized Argentine companies, or SME.

According to Kip, the “invitation was made by Mauricio Novelli only on February 13, 2025, based on our previous experience in the execution of subsidy programs and our ability to implement AI infrastructure for companies.”

KIP says that the SME financing initiative was scheduled to start at a later date. Libra launched and collapsed before the platform initiated any discussion about the living project La Libertad.

So, Kip had something to do with the launch of Token? No, according to the statement.

“We were not informed in advance of the date or time of sale of the token. We did not promote the purchase of Token in any way before or after the launch. ”

Despite publishing on Libra in X, Kip maintains that they had nothing to do with the launch. The team also benefited from the Token and none of the wallets that received tokens or maintained them belong to Kip.

The launch of the Token of Libra, apparently by Hayden Davis or Kelsier Ventures, saw off guard losing millions of dollars when the token price collapsed.

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