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Key facts: XRP Plummets 40%; ETF Delays Amid SEC Shutdown; Evernorth to Go Public – TradingView

Select market data provided by ICE Data Services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.Copyright © 2025, American Bankers Association. CUSIP Database provided by FactSet Research Systems Inc. All rights reserved. SEC fillings and other documents provided by Quartr.© 2025 TradingView, Inc.

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Ripple XRP ETFs XRPR and XRPI Surge as AUM Tops $100M, XRP Price Climbs to $2.48 – TradingNEWS

The launch of REX Osprey XRP ETF (XRPR) and NASDAQ-listed XRP ETF (XRPI) has propelled Ripple (XRP-USD) into a new phase of institutional adoption, marking a critical moment for the digital asset’s transition from speculative trading into regulated investment vehicles. XRPR rose 2.94% to $20.46, while XRPI jumped 3.06% to $14.78, reflecting accelerating inflows amid a surge in XRP’s spot price to $2.48 (+2.65%). Data from REX Shares confirmed that XRPR surpassed $100 million in assets under management, becoming the first XRP-linked ETF to reach that threshold. Both products now serve as gateways for traditional market participants seeking structured exposure to the XRP Ledger (XRPL) ecosystem.
The XRPR ETF, launched under the REX Shares framework, uses an unorthodox ’40 Act structure—operating as an investment company rather than a direct trust—to provide diversified exposure to Ripple’s network without directly holding XRP tokens. Despite its hybrid nature, XRPR has rapidly gained institutional traction, marking a pivotal step toward full-scale XRP adoption on Wall Street. With $100M AUM achieved less than a month after listing, the fund has positioned XRP as the next major crypto asset to enter mainstream ETF frameworks following Bitcoin and Ethereum.
The XRPR’s trading volume averaged 46,550 shares per day, with a day range of $20.45–$20.68 and a yearly trading range between $18.31 and $25.99, underscoring renewed investor confidence. Analysts suggest that the fund’s steady climb is fueled by expectations of further ETF approvals, which could unlock billions in institutional flows once the SEC’s current limited operations due to the government shutdown conclude.
The XRP ETF (XRPI), trading on NASDAQ, climbed 3.06% to $14.78, with a trading range of $14.67–$14.96, extending a three-day winning streak. Its average daily volume of 611,000 shares highlights growing participation from retail and institutional traders alike. XRPI’s diversified holdings, which include blockchain infrastructure, fintech equities, and XRP-related instruments, make it the complementary counterpart to XRPR’s broader market structure.
XRPI’s year range of $12.69–$23.53 indicates a strong recovery trajectory since early 2025, correlating with Ripple’s legal clarity and the wider crypto ETF boom that followed spot Ethereum approval earlier this year. The rebound aligns with XRP’s sustained strength above the $2.20–$2.30 support zone, signaling bullish accumulation among whales and institutions building positions ahead of the next regulatory unlock.
Ripple’s ecosystem continues to attract major fund managers and DeFi-linked investors, reinforcing its position as a foundational blockchain for cross-border payments and liquidity solutions. The XRP Ledger (XRPL) has registered a surge in daily transactions, averaging over 2.3 million per day, while on-chain liquidity pools have grown by 18% QoQ. Institutional appetite has been magnified by the combination of XRPR’s $100M AUM milestone and pending ETF applications from Franklin Templeton and other heavyweight issuers.
Market watchers note that once the SEC resumes full capacity, multiple “pure” XRP ETFs are likely to gain approval under the agency’s new generic listing standard, paving the way for significant capital inflows from traditional finance
Following the ETF momentum, XRP-USD is trading near $2.48, having rebounded 2.65% intraday and over 7% week-to-date. Price action remains constructive above the $2.27–$2.30 support, with the next major resistance level at $2.95–$3.00. Technical metrics show bullish strength — RSI near 61, MACD crossing positive, and futures open interest up 14% week-over-week — all aligning with sustained ETF-related accumulation.
The broader crypto market is supportive of XRP’s rise: Bitcoin (BTC) trades at $110,467 (-0.56%), Ethereum (ETH) at $3,902 (-0.09%), and BNB (BNB) at $1,107 (-1.77%), while XRP’s relative strength in outperforming peers signals capital rotation into newly legitimized ETF-backed assets.
Analysts leveraging AI-based market models, including ChatGPT projections cited in recent data, forecast XRP’s price could rise between $15 and $22 by 2026, representing potential 800% upside from current levels. The forecast assumes multiple ETFs will be approved in the coming year, pushing XRP’s market capitalization into the $900 billion–$1.3 trillion range.
Should the ETF pipeline materialize, XRPR and XRPI combined could exceed $3–$4 billion in AUM by 2026, rivaling the early growth trajectory of Ethereum spot ETFs. Ripple’s continuous expansion into real-world asset tokenization, CBDC partnerships, and on-chain liquidity services further supports the bullish macro case.
With XRPR at $20.46 (+2.94%), XRPI at $14.78 (+3.06%), and XRP-USD near $2.48, the convergence of ETF inflows, rising AUM, and institutional adoption sets a precedent for a sustained bull phase. The structural transformation from speculative crypto to regulated ETF-backed exposure is underway, and XRP is now positioned alongside Bitcoin and Ethereum as a mainstream digital asset class.
Verdict: STRONG BUY — As REX Osprey XRP ETF (XRPR) surpasses $100M AUM and XRP ETF (XRPI) expands across NASDAQ, Ripple’s ecosystem enters its institutional breakout phase. Targets remain $3.00 near term and $15–$22 long term as ETF approvals accelerate and XRP adoption strengthens globally.
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Cambodian Magnate Chen Zhi Faces $15 Billion Cryptocurrency Fraud Charges – mezha.net

A man passes the Prince International Plaza in Phnom Penh on October 15, 2025. Photo by Tang Chhin Sothy/AFP/Getty Images.
As stated by CNN
Chen Zhi, 37, known as a young magnate with a youthful face, has risen to the upper echelons of Cambodia’s power circles: he funds scholarships and leads philanthropic programs, while also running one of the country’s largest and most powerful companies.
According to American investigators, Chen Zhi runs one of the largest transnational criminal networks in Asia – an empire built on forced labor and cryptocurrency fraud, which previously brought him and his associates up to $30 million a day.
Money flowed toward acquiring Picasso works, private jets, and real estate in London’s upscale districts, as well as to bribing officials, according to New York prosecutors who last week announced the seizure of $15 billion worth of cryptocurrency linked to Chen as part of a multi-year investigation.
According to investigators, his empire serves as a front for more than 100 shell companies used to launder money across 12 countries and territories from Singapore to St. Kitts and Nevis.
Prince Group employs thousands of people and positions itself as one of Cambodia’s largest conglomerates: investing in luxury real estate, banking services, hotels, construction projects, a retail network, and even the watch industry.
Last week, the company was designated a transnational criminal organization, and Chen was indicted in New York on charges of money-laundering conspiracy and conspiracy to commit cryptocurrency fraud; as of now he is at large, and Cambodia has no extradition treaty with the United States.
Analysts estimate dozens of schemes operating in Cambodia involve thousands of people, and the country is becoming one of the centers of the global crypto-crime industry within the digital crime network.
According to GI-TOC experts, the investigation highlights the scale of the criminal web that ties together business, politics, and law enforcement across the region.
“It is truly remarkable in both scale and the amount seized, and in how effectively so many nodes of this criminal network were identified and targeted.”
Also noted are the erosion of civil society in Cambodia and the international community’s efforts to push back against criminal networks, notably through US and UK initiatives to tighten controls and hold those behind this fraud economy to account.
“Civil society in Cambodia has been crushed.”
“Now is not the time to slow down.”
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