SEC delays decision on Solana ETF while opening public comments for Dogecoin, BlackRock proposals amid crypto market scrutiny. The post SEC delays Solana and Litecoin ETFs as Dogecoin and BlackRock proposals enter public comment appeared first on Crypto Briefing.

SEC delays Solana and Litecoin ETFs as Dogecoin and BlackRock proposals enter public comment

Crypto analyst BarriC has asserted that an XRP price rally to between $10 and 
$20 would only be the start for the altcoin. The analyst still expects XRP to 
rally to four digits and has in the past explained why he believes such an 
ambitious price target is possible. XRP Price To Still Rally To $1,000 In an X 
post, BarriC stated that a potential XRP price rally to between $10 and $20 is 
just the beginning. He added that the long game for the altcoin is $1,000. The 
analyst urged market participants to be prepared for life-changing and 
generational wealth. In his other X posts, BarriC provided a roadmap for how 
it can reach four digits. Related Reading: Analyst Says These Factors Will 
Drive XRP Price To $1,000, But What Does Market Cap Say? In one post, he 
stated that once the XRP price reclaims $3, it will move rapidly to $5. The 
analyst predicts that the altcoin will then skyrocket into double digits, 
sitting comfortably at between $10 and $20 as a new all-time high. However, 
BarriC believes that is just the start for XRP as it will still reach $100 and 
then $1,000. He asserted that these price targets for XRP will happen much 
sooner than people think. In another post, the analyst alluded to banks using 
XRP as one factor that could spark this XRP price surge. BarriC stated that 
the fact that investors can still accumulate the altcoin at around $2 means 
that banks aren’t utilizing it yet. The analyst said that once banks and 
financial institutions worldwide adopt and utilize XRP in the way they conduct 
finance, the altcoin will skyrocket to $1,000. He referenced the 2017 bull 
cycle when the token&#8217;s price went from $0.006 to $3.80, which is why he is 
confident that such a parabolic surge is possible. The Altcoin Approaching Key 
Resistance Levels In an X post, crypto analyst CasiTrades stated that the XRP 
price is approaching key resistance levels following its latest surge. She 
highlighted $2.69 as the major resistance, as this price level is also the 
.236 Fib retracement from the all-time high (ATH) and a key level to watch for 
a correction. Related Reading: XRP Price To $1,000: Analyst Reveals Target For 
When Banks Start Using XRP Commenting on the current price action, she noted 
that what stands out is the continued price increase despite low momentum and 
a completed 5-wave count. The analyst remarked that this slow, controlled push 
higher often signals strong underlying demand, strong trend, and heavy 
accumulation. CasiTrades stated that if the XRP price breaks and holds above 
$2.69, it would open the door for an explosive move toward $3. However, if the 
altcoin doesn’t hold this level, she claimed it could record a short-term dip 
toward $2.30 for a reset. At the time of writing, the XRP price is trading at 
around $2.50, up almost 5% in the last 24 hours, according to data from 
CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

XRP Price At $10-$20 Only The Beginning, It’s Headed For $1,000 – Analyst Reveals

The SEC is unleashing a groundbreaking crypto rulebook rewrite that could 
supercharge U.S. digital asset innovation, redefining issuance, custody, and 
trading for unstoppable market growth. Crypto Shakeup Ahead: SEC Hits the Gas 
on Core Framework Rewrite U.S. Securities and Exchange Commission (SEC) Chair 
Paul Atkins discussed a detailed framework for regulating digital assets at 
the […]

SEC Chair Discusses 3 Crypto Areas of Focus—Major Policy Moves Ahead

Stablecoin issuer Tether bought $458.7 million worth of Bitcoin for Twenty One 
Capital, a Bitcoin investment firm it backed that&#8217;s awaiting the completion of 
a Special Purpose Acquisition Company (SPAC) merger with Cantor Equity 
Partners.
Tether snapped up 4,812.2 Bitcoin (BTC) at $95,319 each and transferred it to 
an escrow wallet on May 9, Cantor Equity Partners disclosed in a May 13 filing 
with the US Securities and Exchange Commission.
It brings Twenty One&#8217;s total Bitcoin holdings to 36,312 BTC, as Cantor Equity 
Partners holds 31,500 BTC on behalf of the firm, which will trade under the 
ticker XXI once the SPAC merger is complete.
Twenty One&#8217;s CEO, Jack Mallers, said on May 13 that they&#8217;re already in the 
approval process of the merger, but didn&#8217;t give an exact estimate on when the 
transaction would be complete.
Twenty One is already the third largest corporate Bitcoin holder, trailing 
only Strategy and Bitcoin mining firm MARA Holdings at 568,840 Bitcoin and 
48,237 Bitcoin, respectively, BitcoinTreasuries.net data shows.
Tether is a majority stakeholder in Twenty One alongside crypto exchange 
Bitfinex. The Wall Street heavyweight Cantor Fitzgerald is sponsoring the 
merger, providing financial advisory services and securing $585 million in 
funding to support Twenty One&#8217;s Bitcoin investments.
Japanese investment holding firm SoftBank also invested $900 million into 
Twenty One, which is led by Strike CEO Jack Mallers.
## Strategy may have a legitimate competitor
Twenty One said in an April presentation to the SEC that is looking to 
supplant Michael Saylor&#8217;s Strategy, formerly MicroStrategy, to become the 
&#8220;superior vehicle&#8221; for investors seeking &#8220;capital-efficient Bitcoin exposure.&#8221;
The company is among many Bitcoin buying firms, but promises to be a &#8220;pure 
play&#8221; for investors seeking Bitcoin exposure with Bitcoin-native operations 
and more flexibility for strategic capital raises.
_Twenty One Capital &#8216;s comparison of its Bitcoin treasury plan to that of 
Strategy&#8217;s. Source:__SEC_
Twenty One said its key success metric will be Bitcoin per share and not the 
traditional earnings per share metric, as it will prioritize buying up Bitcoin 
over making a profit.
_**Related:**__**Nakamoto Holdings merges with KindlyMD to build Bitcoin 
treasury**_
Twenty One is aiming to reach 42,000 Bitcoin by the time it launches. Earlier 
filings showed that 23,950 Bitcoin is expected to come from Tether, 10,500 
Bitcoin from Softbank and about 7,000 Bitcoin from Bitfinex, which will be 
converted into equity at $10 per share.
Cantor Equity Partners&#8217; (CEP) share price soared from $10.65 to $59.73 on May 
2 but has since fallen back to $29.84, Google Finance data shows. CEP rose 
another 5.2% in after-hours following the recent purchase.
_**Magazine:**__**Crypto wanted to overthrow banks, now it &#8216;s becoming them in 
stablecoin fight**_

Tether buys $459M Bitcoin for Twenty One Capital

On-chain data shows the large Bitcoin investors have continued to buy as the 
coin&#8217;s price has been approaching its all-time high (ATH). Bitcoin Investors 
With 10 to 10,000 BTC Have Expanded Holdings Recently In a new post on X, the 
on-chain analytics firm Santiment has talked about the latest trend in the 
supply held by Bitcoin&#8217;s key investors: those holding between between 10 and 
10,000 BTC. Related Reading: Bitcoin Near ATH, But Still No Extreme Greed: 
Green Sign For Bull Run? At the current exchange rate, this range converts to 
$1 million at the lower end and $1 billion at the upper end. Thus, the only 
investors who would be able to qualify for it would be the ones with 
substantial holdings. Generally, the influence of any entity in the market 
goes up the more supply that they control, so the holders belonging to this 
range would hold an important place in the ecosystem. Collectively, these 
investors are popularly known as the sharks and whales. Now, here is the chart 
shared by the analytics firm, which shows the trend in the Supply Distribution 
for the sharks and whales, an indicator that tracks the combined supply held 
by members of these cohorts: As displayed in the above graph, the Bitcoin 
sharks and whales have seen their Supply Distribution go up recently, which 
suggests these large investors have been expanding their holdings. More 
specifically, the investors falling in the 10 to 10,000 BTC range have added 
around 83,100 tokens to their wallets over the past month. This accumulation 
hasn&#8217;t come in a constant manner, however, as these investors in fact reduced 
their supply for a period earlier in the month. This selling from the cohorts 
followed BTC&#8217;s recovery beyond $97,000, so it&#8217;s likely that the motive behind 
it was profit-taking. From the chart, it&#8217;s also visible that this selloff 
resulted in a pullback for the cryptocurrency. During the latest renewal of 
bullish momentum, the sharks and whales have again resumed their Bitcoin 
accumulation and have notably surpassed their holdings from the earlier peak. 
So far, the groups have shown no signs of profit-taking, which can naturally 
be a bullish sign for the rally&#8217;s sustainability. Related Reading: XRP Target 
Could Be $15 If This Pattern Is In Play, Analyst Says In the same chart, 
Santiment has also attached the data for the Supply Distribution of the 
investors carrying less than 0.1 BTC. Interestingly, these investors have been 
selling while the sharks and whales have gone through accumulation. This could 
be an indication that the shrimps believe the top could be in soon. Given the 
accumulation from the large investors, though, the analytics firm notes, &#8220;it 
may be a matter of time until Bitcoin&#8217;s coveted $110K all-time high level is 
breached, particularly after the U.S. &amp; China tariff pause.&#8221; BTC Price At the 
time of writing, Bitcoin is trading around $103,800, up 11% in the last seven 
days. Featured image from Dall-E, Santiment.net, chart from TradingView.com

Bitcoin Sharks & Whales Continue To Accumulate: Stage Set For New All-Time High?

A simple observation of the state of the Bitcoin mempool and its low 
utilization sparked a debate on the current state of bitcoin adoption and how 
the retail and self-custody use case have languished in the face of the 
digital gold narrative. Is Bitcoin as a Retail Instrument Gone? Enthusiasts 
Ponder The current utilization, or […]