Crypto & Blockchain Daily Brief Wednesday, February 12, 2025

Bloomberg analysts have assessed the chances of various cryptocurrencies being included in an exchange-traded fund (ETF) in the U.S. The analysts gave Litecoin the highest ranking for potential ETF approval, followed by Bitcoin and Ethereum. They considered Litecoin's adoption, market capitalization, and liquidity as factors contributing to its strong position. Additionally, the analysts mentioned that Litecoin has seen increased adoption in the retail sector due to its lower fees and faster transaction times compared to Bitcoin. On the other hand, XRP was ranked lower in terms of ETF approval potential. The analysts cited the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) as a major hurdle for XRP to be included in an ETF. The SEC lawsuit against Ripple alleging the sale of unregistered securities has led to uncertainty around XRP's regulatory status, making it less likely to be approved for an ETF. Overall, the analysts highlighted the importance of regulatory clarity and compliance for cryptocurrencies to be considered for inclusion in ETFs. They emphasized that factors such as market capitalization, liquidity, adoption, and regulatory status play a significant role in determining which cryptocurrencies have a higher chance of being approved for ETFs. Ultimately, the analysts believe that Litecoin is currently leading the race for ETF approval among altcoins, while XRP faces challenges due to its ongoing legal issues.

Grayscale, a major cryptocurrency investment firm, has filed for a Cardano exchange-traded fund (ETF) with the New York Stock Exchange (NYSE). The move comes as competition in the crypto ETF space heats up, with other firms also seeking to launch ETFs for various cryptocurrencies. Grayscale's filing for a Cardano ETF is seen as a strategic move to capitalize on the growing popularity of Cardano, which has been gaining traction in the crypto market. The filing of a Cardano ETF by Grayscale is significant as it would provide investors with an opportunity to gain exposure to the cryptocurrency through a traditional financial instrument. ETFs are considered a more accessible and regulated way for investors to invest in cryptocurrencies, as they trade on stock exchanges like traditional securities. This move by Grayscale could potentially attract more institutional investors to the Cardano market, further boosting its adoption and value. Grayscale's decision to file for a Cardano ETF also reflects the firm's confidence in the long-term potential of the cryptocurrency. Cardano, known for its focus on scalability, sustainability, and security, has been gaining attention for its innovative approach to blockchain technology. By offering a Cardano ETF, Grayscale aims to provide investors with a convenient and secure way to invest in the cryptocurrency, while also expanding its own product offerings in the growing crypto ETF market. Overall, Grayscale's filing for a Cardano ETF with the NYSE signals a new phase in the evolution of the cryptocurrency market, where traditional financial institutions are increasingly embracing digital assets as part of their investment offerings.

The article discusses a lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Binance, a major cryptocurrency exchange. The lawsuit alleges that Binance provided trading services for U.S. investors without being registered with the SEC. As a result of this lawsuit, the SEC has agreed to put the case on hold for 60 days, giving both parties time to gather evidence and prepare their arguments. The lawsuit against Binance is seen as a significant development in the SEC's crackdown on unregistered cryptocurrency exchanges. The SEC has been increasing its scrutiny of the cryptocurrency industry in recent years, leading to a number of high-profile cases against companies such as Ripple and Telegram. The article speculates on the implications of the Binance lawsuit for the broader cryptocurrency industry. Some experts believe that the SEC's decision to halt the case for 60 days may indicate that the agency is reevaluating its approach to regulating the industry. It is possible that the SEC may drop more cases against cryptocurrency companies in the future, or that it may seek to settle with these companies out of court. Overall, the article highlights the ongoing regulatory challenges facing the cryptocurrency industry, and the potential impact of the Binance lawsuit on the industry as a whole. It remains to be seen how the case will unfold in the coming months, and what the implications will be for other cryptocurrency exchanges and companies.

The article discusses the potential future of Dogecoin and a rival token called Shiba Inu in the years 2025-2030. Dogecoin, known for its meme origins, has gained popularity and value over the years. However, the article suggests that Shiba Inu, currently priced at $0.20, could surpass Dogecoin in the coming years. Dogecoin is predicted to reach a price of $0.80 by 2025, showing a steady increase from its current value. On the other hand, Shiba Inu is expected to outperform Dogecoin with a price prediction of $0.30 by 2025 and $0.50 by 2030. This growth is attributed to Shiba Inu's strong community support and innovative features. The article highlights that Shiba Inu's unique tokenomics and decentralized ecosystem could contribute to its success in the cryptocurrency market. Additionally, the development team behind Shiba Inu is actively working on enhancing its utility and value, which could attract more investors and users. In conclusion, the article suggests that while Dogecoin has a strong presence in the cryptocurrency space, Shiba Inu has the potential to pull ahead in the coming years due to its innovative features, community support, and projected price growth. Investors and enthusiasts are advised to keep an eye on both Dogecoin and Shiba Inu as they navigate the evolving landscape of digital assets.

US Federal Reserve Chairman Jerome Powell recently announced that the central bank is in no rush to raise interest rates. Powell emphasized that the Fed will remain patient and take a cautious approach towards adjusting monetary policy, despite the recent surge in inflation rates. He believes that the current high inflation levels are temporary and are primarily due to supply chain disruptions caused by the pandemic. Powell mentioned that the Fed will closely monitor economic data, especially regarding employment and inflation, before making any decisions regarding interest rates. He highlighted the importance of achieving maximum employment and stated that the central bank is committed to supporting the economy until this goal is met. The Fed's decision to maintain low interest rates is aimed at supporting economic recovery and ensuring that the labor market continues to improve. Powell acknowledged that there are risks associated with keeping rates low, such as potential asset bubbles, but he believes that the benefits of supporting the economy outweigh these risks at the current juncture. Overall, Powell's comments suggest that the Fed will maintain its accommodative monetary policy stance for the foreseeable future. The central bank will continue to prioritize economic recovery and job creation, while also keeping a close eye on inflation developments. Powell's remarks have reassured markets and investors, indicating that the Fed will not rush to raise interest rates in response to temporary inflation spikes.