Latest Crypto Updates: XRP Breakout, Pi Crash, Ripple Bold Prediction
XRP Nears ATH as Whale Activity and SEC Deadline Stir Market Excitement
XRP is poised for a bullish breakout as a 30 million XRP transfer, valued at $76.1 million, sparks speculation. Blockchain tracking service Whale Alert flagged the transaction from South Korea’s Upbit to an unknown wallet, fueling investor anticipation. With the SEC’s January 15 deadline for an appeal-related filing looming, the crypto community is closely watching Ripple’s legal battle. A favorable outcome could trigger significant price surges, making this a pivotal moment for XRP enthusiasts and investors.
Pi Network Risks Loom : Price Drops Likely Amid Mainnet Delays and Crypto Crash
Pi Network’s price faces pressure as the grace period nears its end and delays in the mainnet launch spark concerns. Initially set for November, the launch has been postponed multiple times, now expected by January’s end. This has fueled criticism, with a 50% price decline already recorded since the November extension for KYC migration. Combined with the broader crypto market downturn, these delays pose significant risks to Pi Network’s valuation and market stability.
Ripple President Predicts US Banks Will Launch Tokenized Assets in 2025
Ripple President Monica Long expects US banks to roll out tokenized asset projects and crypto custody solutions in 2025, following potential regulatory changes. Long pointed to pilots by 15 of the world’s top 25 banks as evidence of progress. Her optimism follows news that President Donald may repeal SAB 121, which treated banks’ digital assets as liabilities. Long believes regulatory clarity will drive the adoption of tokenized assets, transforming the financial industry in the coming year.
Sony Launches Soneium Layer-2 Blockchain with NFT Platform and Crypto Exchange
Sony has unveiled the mainnet for its Layer-2 blockchain, Soneium, aiming to revolutionize the Web3 landscape. Built on Ethereum, Soneium fosters creativity and connection, empowering fans and creators globally while safeguarding their rights. The launch introduces two projects: an NFT-based fan marketing platform and a revamped crypto exchange services platform. Developed by Sony Blockchain Solution Labs, Soneium aspires to transcend barriers, enabling an equitable internet where ideas and value can flow freely.
