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Time of India
3 days ago
- Business
- Time of India
Stablecoins' m-cap surges to a record $251 billion
The total market capitalization of stablecoins surged to a record high on Wednesday, data showed, as the US Senate passed a bill to regulate the sector, a major step towards legitimising a once-niche but now fast-growing corner of the crypto market. According to CoinDesk data, the market capitalisation of stablecoins hit an all-time high of $251.7 billion, up 22% so far this year. Stablecoins are a type of cryptocurrency designed to maintain a constant value, usually via a 1:1 peg with the US dollar. They are commonly used by crypto traders to move funds between tokens. Their use has soared in recent years, and analysts expect the market to grow further once the US legislation has passed. Proponents say stablecoins could be used to send payments instantly, while others worry they will lead to closer ties between the crypto world and traditional financial markets. Crypto Tracker TOP COIN SETS Crypto Blue Chip - 5 -3.57% Buy AI Tracker -7.37% Buy DeFi Tracker -7.47% Buy NFT & Metaverse Tracker -9.47% Buy Web3 Tracker -9.79% Buy TOP COINS (₹) XRP 189 ( 0.87% ) Buy Ethereum 219,415 ( 0.63% ) Buy Bitcoin 9,094,091 ( 0.42% ) Buy Solana 12,751 ( -0.47% ) Buy BNB 55,835 ( -0.75% ) Buy If the US bill is signed into law, stablecoins would be required to be backed by liquid assets such as US dollars and short-term Treasury bills, and for issuers to publicly disclose the composition of their reserves on a monthly basis.
Time of India
6 days ago
- Business
- Time of India
XRP could hit $5 by 2025, Solana eyes $300: Bitget analyst explains what's driving the rally
Solana and XRP saw strong gains on Monday, driven by rising institutional interest and positive momentum in the broader crypto market. Solana surged 8% to $156.9, while XRP gained 2.5% to reach $2.20 in intraday trade. According to Ryan Lee, Chief Analyst at Bitget Research , XRP's rally is being fuelled by significant corporate allocations, with institutional treasuries holding over $470 million worth of the token. 'Firms like Webus International ($300 million), VivoPower ($121 million), and Wellgistics ($50 million) have allocated sizeable amounts to XRP,' Lee said, highlighting its appeal as a low-cost, high-speed settlement solution. Crypto Tracker TOP COIN SETS DeFi Tracker -1.73% Buy BTC 50 :: ETH 50 -2.60% Buy Smart Contract Tracker -3.47% Buy NFT & Metaverse Tracker -7.59% Buy Web3 Tracker -8.68% Buy TOP COINS (₹) Solana 13,453 ( 7.87% ) Buy Ethereum 225,656 ( 4.21% ) Buy Bitcoin 9,207,211 ( 1.82% ) Buy XRP 189 ( 1.69% ) Buy BNB 56,422 ( 1.33% ) Buy He added that this growing corporate interest reflects greater regulatory clarity and rising demand, creating the conditions for a long-term uptrend. 'With XRP trading around $2.20, continued institutional buying and momentum from potential ETF listings could drive the price toward $3 to $5 by June 2025—although legal developments will remain a key factor.' Did you Know? The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors. View Details » Also Read: How can anyone consider Bitcoin to be a digital version of gold, questions Peter Schiff Meanwhile, Solana is also attracting renewed investor attention. The token is hovering near $155, underpinned by strong fundamentals. On-chain data show Solana's application revenues exceeded $1.2 billion in Q1, and futures open interest is rising—signalling both speculative and institutional participation. 'Despite intermittent technical setbacks, Solana's ecosystem continues to expand,' Lee noted. 'With ETF support and ecosystem growth, SOL could rally toward $200–$250 in the near term, and potentially test $300 if current momentum sustains.' While the outlook for both altcoins appears promising, analysts advise investors to remain cautious of regulatory risks and potential network disruptions. Also Read: Civil War has begun! Rich Dad Poor Dad author Robert Kiyosaki warns of global chaos, backs Bitcoin as the only safe haven
Time of India
7 days ago
- Business
- Time of India
Trump pocketed over $57 mn from crypto coin sales
US President Donald Trump pocketed more than $57 million from token sales by the crypto venture he and his sons helped launch last year, according to federal financial disclosure forms released by the White House. The more than 230-page document issued by the Office of Government Ethics, dated Friday, lists the US president's holdings including stocks, dividends, real estate and investment portfolios. It showed that Trump, who during his first presidential election campaign in 2016 broke with the long tradition of candidates publishing their income tax returns, raked in $57.4 million from the sale of World Liberty Financial tokens. Crypto Tracker TOP COIN SETS DeFi Tracker 0.56% Buy BTC 50 :: ETH 50 -0.24% Buy Smart Contract Tracker -2.02% Buy NFT & Metaverse Tracker -5.35% Buy Web3 Tracker -7.31% Buy TOP COINS (₹) Bitcoin 9,056,585 ( 0.12% ) Buy Solana 12,555 ( 0.07% ) Buy BNB 55,872 ( -0.27% ) Buy XRP 186 ( -0.35% ) Buy Ethereum 217,031 ( -0.52% ) Buy Trump and his sons helped launch the cryptocurrency investment and lending platform ahead of last year's election, raising conflict of interest concerns especially after he went on to win. Did you Know? The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors. View Details » He lent his name to this new company and launched a "Trump" memecoin in January, just hours before his inauguration. Live Events World Liberty Financial had issued 100 billion tokens, of which some 22.5 billion were allocated to the Trump-affiliated company DT Marks Defi. Once hostile to the crypto industry, Trump has since returning to power enthusiastically embraced the sector, taking significant steps to clear regulatory hurdles and making large-scale investments. Trump has, among other moves, appointed crypto advocate Paul Atkins to head the Securities and Exchange Commission (SEC). He has also established a federal "Strategic Bitcoin Reserve" aimed at auditing the government's bitcoin holdings, which were mainly accumulated by law enforcement from judicial seizures. Cryptocurrencies now have "a champion and an ally" in the White House, Vice President JD Vance said last month during a bitcoin conference in Las Vegas. The document also provides an overview of the royalties that Trump has received through the sale of branded products and licensing agreements around the world. For instance, he earned $2.8 million from watches and $2.5 million from perfumes and sneakers. His Mar-a-Lago club in Florida also generated over $50 million in income for the president. Trump's golf courses around the world also helped pad his coffers, allowing him to pocket $29.1 million from the one in West Palm Beach, and $110.4 from the one in Miami. The president also received a monthly retirement payment of $6,484 from the Screen Actors Guild (SAG).
Time of India
11-06-2025
- Business
- Time of India
Mudrex unveils upgraded Alpha Program with India's lowest trading fees
Mudrex, a global crypto investment platform, has announced the launch of an upgraded version of its flagship loyalty initiative, the Mudrex Alpha Program . The enhanced six-tier system introduces some of the lowest trading fees in India—dropping to as low as 0.03% for Futures and 0.12% for Spot trades. Effective from 6th June, the revamped Alpha program is open to all Spot and Futures traders on the platform. Benefits are determined based on a user's 30-day trading volume, with eligibility tied to the higher activity between Spot and Futures markets. Depending on the tier, users can access reduced trading fees, zero-fee INR withdrawals (previously 1%), priority customer support, advanced research insights, and exclusive entry to events and educational content. The new tiered framework introduces a more structured loyalty system aligned with user trading behaviour. Support response times have also been optimised—ranging from a 12-hour turnaround for entry-level users to one-hour resolutions and dedicated relationship managers for top-tier members. Crypto Tracker TOP COIN SETS DeFi Tracker 14.52% Buy Smart Contract Tracker 5.94% Buy Web3 Tracker 5.86% Buy NFT & Metaverse Tracker 5.61% Buy BTC 50 :: ETH 50 5.35% Buy TOP COINS (₹) Solana 14,082 ( 4.13% ) Buy Ethereum 236,611 ( 2.84% ) Buy XRP 199 ( 1.75% ) Buy BNB 57,165 ( 1.21% ) Buy Bitcoin 9,344,059 ( -0.15% ) Buy Commenting on the launch, Edul Patel, Co-founder and CEO of Mudrex, said, "Over the years, we've spoken to thousands of users and identified the key challenges they face—high fees, inadequate support, and lack of trust. The upgraded Alpha Program addresses these issues directly. With the lowest fees in the country, faster support, and a transparent loyalty system, we aim to make crypto investing more accessible, secure, and rewarding for all." Did you Know? The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors. View Details » The upgraded Alpha Program reinforces Mudrex's position in India's growing crypto landscape, arriving at a time when investors are actively diversifying their portfolios in response to global macroeconomic trends and rising interest in digital assets. Founded in 2018, Mudrex aims to democratise crypto investing by enabling everyday investors to participate in digital asset wealth creation. The platform is registered as a Virtual Asset Service Provider (VASP) in India and Europe and holds OAM registration in Italy. Headquartered in the U.S. with offices in Bengaluru, Mudrex is building toward becoming the world's leading crypto asset management platform. ETMarkets WhatsApp channel )
Time of India
07-06-2025
- Business
- Time of India
SEC's crypto confusion deepens as next-gen ETFs test limits
A new line of yield-chasing crypto funds is forcing the Securities and Exchange Commission to confront unresolved gaps in its regulatory framework, just as the Trump administration eases oversight of digital assets. The immediate dispute centres on two proposed funds from ETF firms REX Financial and Osprey Funds that would allow investors to earn rewards by deploying Ether and Solana tokens to help validate blockchain transactions, a process known as staking. The firms said they had cleared an initial SEC registration hurdle last week, but agency staff took the unusual step of objecting that very same evening. Staff warned the products may not meet standards to qualify as investment companies under federal law, raising broader questions about the regulation of a hot corner of the crypto-investment world. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cristiana Oliveira mostra a sua figura perfeita em novas fotos 33 Bridges Undo SEC staff noted that to meet the definition of an investment company, a firm must primarily invest in securities. That's a problem when it comes to digital assets: there are no clear lines around what crypto activities trip securities laws and what don't. Crypto Tracker TOP COIN SETS Web3 Tracker 1.21% Buy DeFi Tracker 0.98% Buy NFT & Metaverse Tracker -0.27% Buy BTC 50 :: ETH 50 -0.94% Buy Smart Contract Tracker -1.53% Buy TOP COINS (₹) Solana 12,955 ( 2.42% ) Buy XRP 187 ( 2.37% ) Buy Bitcoin 9,000,570 ( 1.77% ) Buy BNB 55,543 ( 1.14% ) Buy Ethereum 213,477 ( 1.11% ) Buy 'When ETFs generate income from staking, they may start to resemble traditional investment companies under the Investment Company Act — especially if investors are relying on the managerial efforts of others to earn those returns,' said Adam Gana, an attorney at law firm Gana Weinstein LLP. 'However, these types of ETFs are testing the boundaries of what counts as an investment company, and the SEC is sending mixed signals.' Did you Know? The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors. View Details » Gana added that 'just because you throw some stocks into the mix doesn't mean the SEC will look the other way.' Live Events The SEC, REX and Osprey declined to comment. The general counsel at REX said earlier that the firm expected to satisfy the SEC's questions. The crypto industry has long argued that many tokens aren't securities and shouldn't fall under the SEC rules. Under Trump, the agency has appeared open to these arguments, and its new chair, Paul Atkins, is a proponent of digital currencies. SEC staff guidance has signalled that memecoins and stablecoins may fall outside securities definitions. As recently as May 29, the staff said federal securities laws generally don't apply to staking activities — further complicating the regulatory picture as firms try to launch novel products. These piecemeal statements create inconsistent policy, according to Corey Frayer, director of investor protection at the Consumer Federation of America. 'The SEC and the industry don't get to treat crypto assets as securities when it's convenient, and not as securities when they want weaker regulation,' said Frayer, who served as a senior adviser to former SEC Chair Gary Gensler, a frequent target of crypto industry scorn. At the crux of the matter is the so-called Howey test , which comes from a 1946 Supreme Court decision that still governs securities classification. Under the test, an asset can be considered a security — and thus will fall under SEC purview — if investors contribute capital with the expectation derived from the managerial efforts of others. Bitcoin is generally considered a commodity but the status of other tokens like Ether and Solana are less clear. SEC Commissioner Hester Peirce, head of the agency's crypto task force, took the unusual step of highlighting the SEC staff's queries about whether the proposed funds met the definition. 'I have those same questions,' Peirce wrote in a post on X. Donald Trump embraced the digital-asset industry during his reelection campaign, pledging to make the US the 'crypto capital of the planet.' Since re-entering the White House, he has established a national stockpile of Bitcoin, anointed a 'crypto czar' and welcomed memecoin enthusiasts to a private dinner in Washington. Firms have recently been successful in resolving SEC staff concerns about novel offerings. Earlier this year, agency staffers rebuked an ETF by State Street Corp. and Apollo Global Management — the world's first to invest in private credit — hours after the fund listed over concerns about the fund's liquidity and its ability to comply with valuation rules. The firms took action to rectify the issues. Also read: Thanks, Mr Sanjay Malhotra for giving wings to investors' dreams Crypto executives are optimistic that US regulators will eventually greenlight the staking ETFs. 'They've followed a crawl-walk-run approach — first futures ETFs, then spot ETFs, and hopefully staking ETFs,' said Matt Hougan, chief investment officer at Bitwise Asset Management Inc., which acquired an Ethereum staking platform last year. 'I'm hopeful we'll get to the finish line soon.'
