The Turkish Capital Markets Board introduces new licensing and operational regulations for cryptocurrency exchanges, custodians, and wallet service providers. Turkish authorities have rolled out a new regulatory framework on March 13 to tighten oversight and operational standards for cryptocurrency exchanges,…

Turkey brings stricter regulations for crypto exchanges, wallet providers

In a new video, CryptoSensei (@Crypt0Senseii)—the founder of the Cryptonairz 
community—laid out a comprehensive argument for why he believes XRP could soar 
to four- and even five-digit price territory. The video, titled “THIS WILL 
GUARANTEE A $1000 XRP PRICE,” focuses on ten key factors that, according to 
CryptoSensei, could significantly boost XRP’s adoption and market valuation in 
the coming years. #1 Regulatory Clarity For XRP CryptoSensei begins by 
underscoring the ongoing legal situation involving the US Securities and 
Exchange Commission (SEC) and Ripple Labs, mentioning the partial appeal of 
the court’s July 2023 ruling. While stressing that the appeal does not 
designate XRP itself as a security, he notes that “we still have the case 
against Brad and Chris [referring to Ripple executives] going.” The resolution 
of these legal hurdles, he argues, is crucial for broader institutional 
adoption within the United States. “If we want the type of movement we’re 
looking for inside the US, we need those things to come to an end,” 
CryptoSensei says, alluding to the potential for major banks like Bank of 
America, Wells Fargo, and BNY Mellon to officially engage with XRP once 
regulatory clarity is achieved. #2 Institutions Standing By To Use XRP The 
video highlights a series of statements from major financial institutions, 
including the CEO of BNY Mellon, who indicated that crypto custody and 
tokenized assets are among the bank’s future priorities. According to 
CryptoSensei, banks are “ready to jump in,” but are hesitant to make large- 
scale commitments without clear regulatory guidelines. He emphasizes that if 
XRP were to host “even 5 or 10%” of a multi-trillion-dollar global 
tokenization market, the price could reach four- or five-digit figures. #3 
Potential SEC Case Drops A noteworthy discussion point is the SEC’s recent 
trend of dropping cases (or opting not to pursue them) against certain crypto 
firms. CryptoSensei mentions that the Commission “dropped the case against 
OpenSea, Coinbase, [and] Robinhood,” suggesting a possible shift in 
enforcement strategy. “Is Ripple, in fact, next? … If the [former] Trump 
administration wants to stand by their word of working with the crypto 
industry and not against them, I do believe this is coming,” he posits. #4 
Tokenization Of Real-World Assets (RWAs) Central to CryptoSensei’s thesis is 
the growing trend of tokenizing traditional assets—ranging from real estate to 
debt instruments—on blockchain networks. He cites Ripple Chief Technology 
Officer David Schwartz, who says the XRP Ledger (XRPL) could be “a really good 
platform” for these tokenization projects, thanks to its low fees, integrated 
decentralized exchange (DEX), and multi-asset support. Schwartz explained: “If 
someone’s going to buy or sell tokenized real-world assets, they want to be 
able to do that with whatever asset is convenient for them.” CryptoSensei 
further highlights how Robinhood’s documentation from January 2025 (mentioned 
in the video) cites Ripple’s success in tokenizing hundreds of millions of 
dollars in real-world assets on the XRPL—projects that aim to expand into the 
billions and eventually trillions. #5 Interoperability Bridges Another 
critical piece is interoperability. CryptoSensei references the Axelar 
network, which is bridging the XRPL mainnet, the XRP Ledger EVM sidechain, and 
over 55 other blockchains. The expansion of cross-chain liquidity is described 
as “liquidity, liquidity, liquidity.” He points out that the XRPL’s 
design—integrating DEX functionality directly into the protocol—simplifies 
asset swaps and liquidity provisioning, boosting its appeal for large-scale 
tokenization. #6 Cross-Border Payment Solutions Ripple’s long-standing focus 
on remittances and cross-border payments also features prominently. 
CryptoSensei shows a clip describing how a US-to-Mexico corridor, facilitated 
by XRP, can settle in mere minutes at a fraction of legacy fees. “All of that 
takes about 10 minutes, which used to be three days,” says a Ripple 
spokesperson in the included clip, also noting that these transactions can be 
up to “20-odd basis points cheaper.” He argues that such improvements in speed 
and cost will eventually outcompete outdated correspondent banking rails, 
potentially capturing a significant portion of the multi-billion-dollar global 
remittance market. #7 Collaborations With Key Global Institutions In the 
video, CryptoSensei showcases the Bank for International Settlements’ (BIS) 
Cross-Border Payments Interoperability and Extension Task Force, listing 
Ripple alongside only a handful of major international payment networks—such 
as Mastercard, SWIFT, and EBA Clearing. He emphasizes Ripple’s unique position 
as the only blockchain infrastructure provider on the roster, describing it as 
a testament to the company’s significance in shaping next-generation payment 
standards. #8 Treasury Market On XRP Ledger Referencing Ondo’s tokenization 
initiatives, CryptoSensei highlights the possibility of US Treasuries 
migrating onto blockchains, potentially including the XRP Ledger. He notes the 
US Treasury market alone stands at over $28 trillion, while globally, the bond 
market encompasses roughly $130 trillion. “Could you imagine five or ten 
trillion dollars finding its way onto the XRP Ledger over the next five to ten 
years?” he asks, suggesting even a fraction of that capital would profoundly 
affect XRP’s valuation. #9 Derivatives Expansion According to the video, 
derivatives—often said to represent notional values in the hundreds of 
trillions to over a quadrillion dollars—are a prime target for on-chain 
tokenization. CryptoSensei points to Bitstamp, which is building a derivatives 
exchange on the XRPL. He believes that capturing a slice of these massive 
markets could drive significant demand for XRP, especially if large holders 
lock up tokens for long-term liquidity provisioning. #10 Central Bank Digital 
Currencies (CBDCs) Finally, the pundit underscores Ripple’s work with various 
central banks on CBDC pilots. He cites projects under the Hong Kong Monetary 
Authority (HKMA) and notes that Ripple was recently named the top technology 
provider for CBDCs by Juniper Research. From the Bank of International 
Settlements to major economies in Asia, CryptoSensei posits that the 
institutional relationships Ripple has forged place XRP in a strategic 
position to bridge disparate currencies and networks. “Ripple is working with 
up to 30 central banks,” he states, emphasizing that these ongoing 
partnerships may open doors for XRP to serve as a liquidity tool in sovereign- 
level digital currencies. While some of the claims—such as XRP reaching “four 
or five digits”—are extremely bullish and hinge on multiple converging 
factors, CryptoSensei remains steadfast: if even a few of these catalysts 
unfold in Ripple’s favor, he envisions a drastically higher valuation for XRP. 
Throughout the video, he stresses that regulatory clarity in the United States 
is the linchpin to unlocking widespread adoption. “If all of these things 
happen,” he concludes, “you better believe we’re looking at a four to five 
digit price.” At press time, XRP traded at $2.31. Featured image created with 
DALL.E, chart from TradingView.com

Crypto Pundit Claims XRP Will Hit $1,000 – Here’s The 10 Reasons Why

A market intelligence platform has attributed the drop in crypto-wide trading 
volume since Feb. 27 to &#8220;exhaustion, hopelessness, and capitulation.&#8221; 
&#8216;Diminishing Trader Enthusiasm&#8217; According to Santiment, a market intelligence 
platform, the drop in crypto-wide trading volume since Feb. 27 can be 
attributed to a combination of &#8220;exhaustion, hopelessness and capitulation.&#8221; 
Santiment adds the consistent decline […]

Santiment: Weakening Trading Volume May Signal Slowing Market Momentum

A US bankruptcy court has authorized liquidators of defunct crypto hedge fund 
Three Arrows Capital (3AC) to increase their claim against collapsed crypto 
exchange FTX from $120 million to $1.53 billion.
Chief Judge John Dorsey rejected FTX&#8217;s debtors&#8217; argument that the amended 
proof of claim (POC) from 3AC liquidators was untimely and an unjust attempt 
to slow the bankruptcy proceedings.
In a March 13 ruling in the US Bankruptcy Court for the District of Delaware, 
Dorsey opined that 3AC liquidators had provided sufficient notice of their 
claim and the possibility of amending it once they had analyzed all the 
available information. Any delay, he said, was caused by FTX&#8217;s failure to 
share relevant records promptly.
_Chief Judge John Dorsey has granted the motion by liquidators for defunct 
hedge fund Three Arrows Capital to increase their claim against FTX to $1.53 
billion. Source:_
&#8220;The evidence suggests that the delay in filing the Amended Proof of Claim 
was, in large part, caused by the Debtors themselves,&#8221; Dorsey said.
&#8220;The evidence also suggests that the Liquidators were diligent in attempting 
to obtain the information and that despite having the complete information in 
their possession, the Debtors repeatedly delayed giving it to them.&#8221;
3AC liquidators initially filed a $120 million claim in FTX&#8217;s bankruptcy case 
in June 2023. They later expanded it in November 2024, alleging claims 
including breach of contract, unjust enrichment, and breach of fiduciary duty.
The liquidators alleged FTX held $1.53 billion in the hedge fund assets that 
were liquidated to settle $1.33 billion in liabilities in 2022.
They argued that the transactions were avoidable, caused harm to 3AC creditors 
and that FTX debtors had delayed providing the information that would have 
uncovered the liquidation.
FTX debtors objected to the amended claim, saying that the original POC was 
insufficient to inform them about the nature and amount 3AC liquidators would 
be claiming and that it came too late and should be disallowed.
_**Related:**__**FTX filed for bankruptcy 2 years ago &#8212; What&#8217;s happening 
now?**_
Before its collapse in June 2022, Three Arrows Capital was once one of the 
industry&#8217;s largest crypto hedge funds, with over $3 billion in assets.
Its liquidators also pursued claims against collapsed crypto firm Terraform 
Labs through a $1.3 billion claim in Terra&#8217;s bankruptcy case.
At the same time, FTX, which filed for bankruptcy in November 2022, has been 
undertaking its own recovery efforts to reclaim funds.
In November last year, it filed a trio of lawsuits, one against SkyBridge 
Capital and its founder, Anthony Scaramucci, to recoup funds spent by former 
FTX CEO Sam &#8220;SBF&#8221; Bankman-Fried on sponsorship and investment deals.
Another suit was filed against crypto exchange Binance and its former CEO, 
Changpeng Zhao, to recover $1.76 billion worth of cryptocurrency sent to the 
exchange as part of a July 2021 repurchase deal.
Waves founder Aleksandr Ivanov is also in the crosshairs for $80 million worth 
of crypto sent to the Waves-based decentralized liquidity protocol by Alameda 
Research in 2022.
_**Magazine:**__**Crypto fans are obsessed with longevity and biohacking: Here 
&#8216;s why**_

US court gives Three Arrows nod to increase its FTX claim to $1.53B

SIMD-228, a proposal seeking to reduce SOL inflation rate by 80%, failed to 
meet the required vote threshold for approval after many small validators 
voted against it. According to SIMD Vote Status, 61.39% of voters supported 
the SIMD-228 governance vote,…

Solana’s SIMD-228 proposal to reduce SOL inflation by 80% fails to meet approval threshold

A Texas federal judge has entered a default judgment against Bancor DAO, which 
operated the decentralized finance platform Bancor, after it failed to respond 
to an online summons.
Judge Robert Pitman issued the judgment after Bancor DAO did not appear to 
defend itself following a summons that was posted on the DAO&#8217;s forum in 
January 2024.
&#8220;Defendant Bancor DAO has failed to answer or otherwise defend itself within 
the time allowed, and that plaintiffs have demonstrated that failure,&#8221; wrote 
district court clerk Philip Delvin on March 13.
The class action involves investors who claim they lost tens of millions of 
dollars due to the exchange&#8217;s failure to warn about liquidity issues during a 
2022 withdrawal spike.
_Clerk &#8216;s entry of default against Bancor. Source: Law360_
According to the plaintiffs, who filed the suit in May 2023, Bancor deceived 
investors about its impermanent loss protection mechanism for liquidity 
providers and also claimed its token was an unregistered security.
They said Bancor&#8217;s ILP operated at a deficit and tried to cover by launching a 
new product, v3, which promised &#8220;some of the most competitive returns anywhere 
[…] without asking users to take on any risk.&#8221;
Impermanent losses occur within DeFi automated market maker models when 
liquidity providers deposit assets into a pool, and one of the tokens loses 
value against another in the pool.
Bancor paused impermanent loss protection, citing &#8220;hostile&#8221; market conditions 
in June 2022.
The plaintiffs also argued that Bancor DAO is an &#8220;unincorporated general 
partnership&#8221; consisting of vBNT tokenholders and could be sued in that 
capacity, according to Law360.
The case was previously dismissed entirely because the protocol developers 
were not based in the United States, but was reopened in December.
The plaintiffs said that the DeFi platform &#8220;does not appear to be registered 
in any jurisdiction and has no physical office location, mailing address, 
officers, directors, or appointed agents.&#8221;
Bancor is an onchain liquidity protocol that enables automated, decentralized 
exchange across blockchains. It has $38 million in total value locked, a 
figure that is down 98% since its peak in May 2021, according to DeFillama.
_**Related:**__**Lawsuits could be catastrophic for DAOs if denied &#8216;limited 
liability&#8217;**_
The ruling follows precedent from a similar case where the Commodity Futures 
Trading Commission won a default judgment against Ooki DAO.
A California federal judge also ruled in November that DAOs and their 
governing members can be sued in cases involving unregistered securities.
_**Magazine:**__**Mystery celeb memecoin scam factory, HK firm dumps Bitcoin: 
Asia Express**_