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Following the Q1 and early April market-wide crash, in which the entire cryptocurrency industry faced enhanced volatility and price collapses, the sentiment has changed as BTC approaches the $100,000 mark once again. Data from Santiment reveals that the overall market conditions have changed even for the altcoins, many of which struggled to regain traction in the past few months. Now, though, traders seem to be on the greedy side for many alts, including Ripple’s XRP, which could be on the verge of a renewed rally that could push it above $3 and toward its all-time high again. At least this is what the crown anticipates, given the hype around the potential approval of Ripple ETFs in the United States. However, cryptocurrencies frequently tend to move in the opposite direction of what the majority expects. After the US elections, which brought a lot of excitement in the crypto space due to the inevitable and favorable change in the regulatory landscape, XRP became one of the biggest beneficiaries, perhaps driven by hype that the SEC legal case will finally reach an endpoint. From November to January, its price exploded multi-fold, going from $0.6 to $3.4. Thus, Ripple’s token matched its 2018 ATH but failed to breach it. Although the aforementioned lawsuit was indeed announced as settled by Ripple’s CEO, the effects on the underlying asset’s price were minimal. In fact, XRP trades now just under its price before Garlinghouse’s triumphant announcement in mid-March. With the effects of the lawsuit closure winding down, the community turned its focus on another potential propeller of future gains – a Ripple ETF in the US. After the approval of futures-based XRP ETFs earlier this year, many expect a spot one to be right around the corner, with experts suggesting that this could be as early as this summer. Santiment’s insights confirmed this narrative, even though the SEC delayed making a decision on Franklin Templeton’s spot ETF proposal. “…[T]he delay hasn’t shaken investor optimism. Many believe that, once approved, these ETFs could bring in large amounts of institutional money and push XRP into the financial mainstream.” Although the report said the overall XRP discussion levels have declined in recent months compared to other top altcoins, it noted that the “bulls are getting more vocal as compared to the few bears.” Santiment’s team said the majority within the community supported an overall bullish outlook coming from a technical perspective as well. “With attention growing and more exposure on the way, many in the crypto space see XRP on the edge of a major breakout,” conclude the paper.

Bitcoin rewards and payments platform Fold is the first publicly traded company of its kind on the Nasdaq. Bitcoin (BTC) is going more mainstream with each passing week. On Friday, May 2, Fold held an Opening Bell ceremony at the Nasdaq headquarters to celebrate its public listing. Trading under the ticker $FLD, it is the first publicly traded company focused specifically on Bitcoin financial services. “Ringing the bell at Nasdaq is a celebration of the journey from Bitcoin’s edges to the heart of global finance. We’re proud to represent the everyday use of Bitcoin in a market long dominated by speculation,” Will Reeves, CEO of Fold. Fold operates a Bitcoin rewards app tied to credit card purchases. Every time users make purchases with their card, Fold gives them cashback, in Bitcoin. Users can then withdraw the earned Bitcoin to personal wallets, hold it, or spend it directly through Fold’s app. This creates a user-friendly way for consumers to gain exposure to Bitcoin through everyday spending. 📣 Introducing the Fold Bitcoin Rewards Credit Card It pays to be a Fold+ Credit Cardholder ☑️2% Unlimited Bitcoin Rewards ☑️Up to $250 Welcome Bonus ☑️Free Metal Card Join and climb your way to the top of the waitlist. $200,000 of prizes await! Sign-up link and blog 👇 pic.twitter.com/kSrvKAgXQA To provide these rewards, Fold has partnered with major credit card issuers. Its 2023 partnership with Visa enabled the company to expand into Europe, Latin America, and the Asia-Pacific regions. This allows users to receive Bitcoin cashback on nearly any purchase. Cashback is a popular way for credit card issuers to attract customers. For every purchase on a card, users get a small percentage of their purchase back into their account. These are either applied to their credit card bills or received as a deposit. The company went public on February 19, with a SPAC merger with FTAC Emerald Acquisition Corp. This is a popular route for private companies to go public, without the traditional initial public offering. IPO’s usually mean that companies face significant scrutiny from regulators, which can be very costly.

Justin Sun: I believe JST will become the next 100-fold coin Justin Sun wrote, "JST (JUST) has completely achieved a fundamental reversal, and I believe it will become the next 100x token. First of all, JustLend, incubated by JST, has grown into one of the largest lending platforms, with a net profit of tens of millions of dollars. The recently incubated USDD has also achieved explosive growth, needless to say. JST has essentially become a combination of Tron's AAVE and MKR, with an annual net profit of tens of millions of dollars and continued growth. The conservative revenue forecast for next year will exceed $100 million, and the current valuation is very low compared to this. JST will eventually use all profits to repurchase and destroy JST tokens at the appropriate time."

Analysis: If Citigroup predicts a surge in stablecoin supply, BTC could rise to $285,000 by 2030 In its latest report, Citigroup predicts that the total supply of stablecoins will grow to $1.6 trillion by 2030 in the baseline scenario and $3.7 trillion in the optimistic scenario. Analysts believe that if Citigroup's forecast is realized and the regulatory momentum under Trump's policy continues, Bitcoin is expected to enter the price discovery stage, based on the historical ratio of stablecoin growth to BTC price appreciation - a 6.7-fold increase in stablecoins may translate into a 3- to 5-fold increase in Bitcoin, and Bitcoin prices may reach $285,000 in 2030, with a more optimistic upper limit of nearly $475,000 per coin. Even under conservative assumptions (i.e., only 25% of stablecoin growth is directed to Bitcoin), Bitcoin may still grow by 200% to 250% from current levels, and prices are predicted to rise to between $190,000 and $237,500 by 2030. (Coingape)

The blockchain virtual machine DTVM developed by Ant Financial is officially open source, with performance improved by 30 times The blockchain virtual machine DTVM (DeTerministic Virtual Machine) developed by Ant Digital Technology has been officially open sourced. DTVM is a blockchain virtual machine that integrates large-model AI development tools. According to the official technical paper, DTVM has achieved a 30-fold performance improvement through innovative JIT engines and full-link optimization, with the first call delay compressed to 0.95ms, and performance improvement of up to 63% in complex computing scenarios. DTVM is compatible with the Ethereum EVM ecosystem and supports 6 mainstream languages such as Solidity, Rust, and Go, significantly improving development efficiency and ecological compatibility. The DTVM system integrates the AI tool suite SmartCogent to achieve full-process AI automation from coding, auditing to deployment, supports natural language generation of compliant contracts, and has a vulnerability detection accuracy of 81% and a repair success rate of 86%. It is reported that core technical teams such as Ant Digital Technology's Ant Chain, Ant Group Supercomputing, and Pharos participated in the research and development of DTVM as major contributors. At present, DTVM's core technologies, including the core engine, multi-language compiler SDK, etc., have been open sourced through the Apache 2.0 protocol, and developers can obtain the complete code and documentation through GitHub.