3 hours ago
XRP is back in the game after the DeepSeek sell-off earlier this week. While most cryptos have only recovered slightly, XRP is coming back with solid gains, outperforming the rest of the market. That kind of comeback makes you wonder – what’s behind the sudden surge? At the same time, the Pluto Chain ($PLUTO) project could draw attention for its potential to improve Bitcoin’s capabilities. It’s introducing a hybrid Layer-2 blockchain designed to make Bitcoin transactions faster, cheaper, and boost its scalability. Let’s check out the details. Can We See XRP Price Hit the $8 Mark? XRP’s recent surge seems tied to Ripple’s latest moves. On Monday, the company announced it had secured Money Transmitter Licenses in New York and Texas—two states with some of the toughest regulations in the country. Ripple is pushing to expand in the U.S., taking advantage of a more favorable regulatory climate under the Trump administration. With these licenses, the company can now offer banks in the region real-time global payment services, using XRP Ledger technology and XRP for liquidity. In an X post, Mikybull Crypto predicted that the XRP price could rip through $8 before a cycle top because of the current bullish basics. Although the analyst didn’t elaborate on these basics, they likely revolve around Donald Trump’s pro-crypto administration. PlutoChain ($PLUTO) Is a Layer-2 Solution That Could Upgrade Bitcoin Into a Fast and Scalable Powerhouse Bitcoin changed the sphere forever, but it has its flaws. Slow transactions, high fees, and network traffic are its famous problems. Bitcoin also struggles with energy efficiency and relies on a resource-heavy proof-of-work system – and PlutoChain ($PLUTO) is trying to fix that. By launching a hybrid Layer-2 solution, PlutoChain could build a parallel network on top of Bitcoin’s blockchain easing congestion and lower fees. It also offers block time of just 2 seconds compared to Bitcoin’s standard 10 minute block time. It could also improve Bitcoin’s energy efficiency by reducing the computing power needed for transactions. Beyond scalability, PlutoChain adds EVM compatibility , letting developers bring Ethereum-based projects to Bitcoin. This could expand Bitcoin’s use in DeFi, NFTs, and AI-powered apps—areas where it has lacked before. Another big issue is Bitcoin’s complexity. Many users and developers find it too technical and hard to navigate. PlutoChain could change that with tools that make development and interaction much simpler. During its testnet phase, it proved its scalability by handling 43,200 transactions per day without delays. Security is also a priority – and the project has passed strict audits by SolidProof , QuillAudits , and Assure DeFi . Regular code reviews, stress tests, and compliance with global regulations might keep its infrastructure strong. PlutoChain is also built on a system where decisions about a project, network, or organization are made by the community instead of a central authority. Final Thoughts XRP is back in the game after the DeepSeek sell-off earlier this week. While most cryptos have only recovered slightly, XRP is coming back with solid gains, outperforming the rest of the market. At the same time, PlutoChain ($PLUTO) might be interesting to watch as a new project that might bridge Bitcoin and Ethereum, and bring interesting applications to the network. While integrating Ethereum’s EVM compatibility with Bitcoin’s famous security, PlutoChain might bring smart contracts, NFTs, and more. ——————- This article is not financial advice. Cryptocurrencies and meme coins are volatile and risky. Do your own research before buying any cryptocurrencies and meme coins. All forward-looking statements include uncertainties and may not be revisited. Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here .
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Investors Reassess Altcoins Due to Market Volatility
Market volatility prompts investors to reassess their altcoin portfolios. Specific tokens face significant value drop due to market conditions. Continue Reading: Investors Reassess Altcoins Due to Market Volatility The post Investors Reassess Altcoins Due to Market Volatility appeared first on COINTURK NEWS . NullTx
MicroStrategy Announces $563,400,000 Stock Offering, Says Part of Proceeds Will Be Used To Acquire More Bitcoin
Software development firm MicroStrategy (MSTR) is announcing a massive new stock offering to raise funds for accumulating more Bitcoin ( BTC ). In a new press release, the business intelligence company says it is setting the price of its perpetual strike preferred stock offering at $80 per share with the hopes of obtaining $563.4 million, some of which would go towards acquiring more of the top crypto asset by market cap. Other ways the funds would be used include for working capital as well as general corporate expenses. A preferred stock offering is a way for a firm to raise capital without diluting its voting rights. They generally offer investors higher and more consistent yields as well as more stability. Says MicroStrategy, “The perpetual strike preferred stock will have a liquidation preference of $100 per share and will accumulate cumulative dividends at a fixed rate of 8.00% per annum… Holders of the perpetual strike preferred stock will have the right to convert their shares of perpetual strike preferred stock on any business day (subject to certain limitations) into shares of MicroStrategy’s class A common stock.” Earlier this month the shareholders of MicroStrategy – which was founded by Bitcoin maximalist and former chief executive Michael Saylor – voted to increase the number of shares in a bid to raise money to purchase more of the crypto king. At the time, it was reported that the proposal was to increase the number of common shares from 330 million to 10.3 billion and preferred shares from 5 million to 1 billion. The proposal passed with about 56% approval. According to data from BTC blockchain tracker Bitcoin Treasuries, MicroStrategy at time of writing has a stash of 471,107 BTC worth just over $48 billion. The flagship digital asset is trading for $102,002 at time of writing, a 3.2% decrease during the last 24 hours while MSTR is valued at $334 at time of writing, a 1.6% decrease on the day. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post MicroStrategy Announces $563,400,000 Stock Offering, Says Part of Proceeds Will Be Used To Acquire More Bitcoin appeared first on The Daily Hodl . NullTx
