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cointelegraph.com Mar 26, 2025 14:07

XRP ETF ‘obvious’ as Polymarket bettors up approval odds to 85% - Crypto community members are growing more optimistic about an XRP exchange-traded fund (ETF) approval following the resolution of a multi-year legal battle between Ripple and the United States Securities and Exchange Commission (SEC). On March 19, Ripple CEO Brad Garlinghouse announced the case had concluded. In an X post, the Ripple executive said the SEC will drop its appeal against Ripple, ending the $1.3 billion unregistered securities suit that started in December 2020. Following the development, Nate Geraci, president of the advisory firm ETF Store, said on X that the approval of an XRP (XRP) ETF is next. Geraci said it was “obvious” that it’s only a “matter of time” before the SEC approves an XRP ETF. The executive predicted that asset managers like BlackRock and Fidelity would be involved in offering the asset. Polymarket punters give 86% odds to XRP ETF approval in 2025Aside from Geraci, users on the crypto betting platform Polymarket also expect approval for an XRP ETF in 2025. On March 26, Polymarket gave an 86% chance that an XRP-based ETF product would be approved this year. The bet will resolve if an XRP ETF receives approval from the SEC by Dec. 31. At the time of writing, the betting market had a volume of $55,000. Polymarket shows an 86% chance that a Ripple ETF will be approved in 2025. Source: PolymarketHowever, users only give a 42% chance that an XRP ETF will be approved before July 31.Despite being a gambling site, Polymarket users’ predictions have historically been very accurate. A Dune Analytics dashboard studying the accuracy of Polymarket bets showed that the platform had been accurate by over 90% a month before betting markets were resolved. Related: SEC plans 4 more crypto roundtables on trading, custody, tokenization, DeFiXRP price only surged by 5% as the SEC battle endsDespite being a huge milestone, the end of the multi-year legal battle between Ripple and the SEC failed to move the markets significantly. On March 19, XRP traded at $2.32, according to CoinGecko. At the time of writing, the asset hovers at around $2.44, a 5% increase. On March 21, analysts said the new development had already been priced in. Nicolai Sondergaard, research analyst at Nansen, previously told Cointelegraph that the resolution had been widely expected. Magazine: Memecoins are ded — But Solana ‘100x better’ despite revenue plunge

FOMO: 86%
cointelegraph.com Mar 26, 2025 13:33

Rumble wallet rolls out with Tether’s USDT for creator payments - Canadian YouTube alternative Rumble announced the launch of its wallet with support for Tether’s USDT stablecoin.In a March 26 X post, Rumble CEO Chris Pavlovski said Rumble Wallet will be used for content creator monetization. He promised it would work better than most advertisers and that it would use Tether’s USDt (USDT). Tether CEO Paolo Ardoino showed his appreciation for the initiative, referring to it as “A wallet for the people” in an X post.Related: Tether seeks Big Four firm for its first full financial audit — ReportA flurry of investmentsThe announcement follows Tether investing $775 million in Rumble in late 2024. Ardoino wrote at the time that the company “deeply believes in the fundamental values of freedom of speech and financial freedom.”Source: Paolo ArdoinoIt is one of several major investments recently made by the $143 billion stablecoin issuer. Reports from 2024 indicated that Tether was the seventh-largest holder of US Treasury securities globally, surpassing many nation-states.In February, Tether acquired a majority stake in Juventus FC, a major Series A football club based in Turin, Italy. During the same month, the stablecoin operator sought to acquire a majority stake in South American agribusiness firm Adecoagro.Rumble also recently began investing its capital, acquiring over $17 million worth of Bitcoin (BTC) earlier this month. The firm announced its new strategy in late November 2024, when it voiced its intention to spend up to $20 million adding Bitcoin to its balance sheet.Rumble was founded in late 2013 as a YouTube alternative for small content creators. The platform saw a significant influx of users from 2020 onward, at the start of the COVID-19 pandemic. Viewership increased from 1.6 million users in 2020 around the US election time to 31.9 million by the end of the first quarter of 2021.Related: Trump Media looks to partner with Crypto.com to launch ETFsRumble’s foray into the USVenture capitalists backed the platform, including current US Vice President J.D. Vance and former PayPal CEO Peter Thiel. At the end of 2021, US President Donald Trump-linked Trump Media and Technology Group announced a partnership with Rumble, which would “deliver video and streaming for TRUTH Social.” Trump wrote in the announcement:“TMTG continues to align with service providers who do not discriminate against political ideology. Therefore, I have selected the Rumble Cloud to serve as a critical backbone for TMTG infrastructure.”In 2022, Trump’s social media platform Truth Social also migrated to Rumble’s cloud platform. TMTG CEO Devin Nunes said at the time that “Truth Social and Rumble took a major stride toward rescuing the internet from the grip of the Big Tech tyrants.”The partnership between the two companies grew stronger as time went on. Also in 2022, Truth Social joined Rumble’s ad platform as its first publisher. This year, TMTG joined Rumble in a lawsuit to halt alleged censorship in Brazil.Magazine: Trump’s crypto ventures raise conflict of interest, insider trading questions

FOMO: 90%