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    Home»Altcoins»This Week in Crypto: Bitcoin At $97,000, XRP ETF Talks, Sui Collaboration with Pokémon, and Extra
    This Week in Crypto: Bitcoin At ,000, XRP ETF Talks, Sui Collaboration with Pokémon, and Extra
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    This Week in Crypto: Bitcoin At $97,000, XRP ETF Talks, Sui Collaboration with Pokémon, and Extra

    By Crypto EditorMay 2, 2025No Comments5 Mins Read
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    A number of attention-grabbing developments occurred this week in crypto, reducing throughout numerous ecosystems. Key highlights, nevertheless, centered on Bitcoin (BTC) and XRP ecosystems.

    In case you missed it, here’s a roundup of the highest tales this week in crypto.

    Bitcoin Assessments $97,000

    Beginning the record of what occurred this week in crypto, Bitcoin examined the $97,000 milestone for the primary time since February 2025. Nonetheless, as of this writing, the pioneer crypto pulled again shortly after and was buying and selling for $96,731.

    This Week in Crypto: Bitcoin At ,000, XRP ETF Talks, Sui Collaboration with Pokémon, and Extra
    Bitcoin (BTC) Worth Efficiency. Supply: BeInCrypto

    The pioneer crypto displayed vital volatility over the previous a number of weeks and months, enduring most of President Trump’s tariffs. Commerce chaos, starting from momentary pauses and dedicated retaliations to de-escalation rumors, exacerbated the volatility.

    Nonetheless, amid these uncertainties, Bitcoin emerged as a hedge in opposition to conventional finance (TradFi) and US Treasury dangers. Institutional curiosity in BTC has additionally grown, with Bitcoin ETFs (exchange-traded funds) recording elevated inflows whereas Gold ETPs (exchange-traded funds) lagged.  

    Sui Pokémon Collaboration Talks

    One other key spotlight this week in crypto involved hypothesis of a potential collaboration between the Sui blockchain and Pokémon. Amidst these talks, the SUI value soared over 60% inside the week.

    These rumors sparked after a privateness coverage replace for Pokémon HOME featured Parasol Applied sciences, LLC, as a brand new developer. Parasol Applied sciences is a Web3 gaming infrastructure firm that Sui’s developer, Mysten Labs, acquired in March 2025.

    However, adjustments in one of many circulating paperwork quelled the hypothesis, clarifying what had been a key driver for the SUI value this week.

    “The official Sui Basis weblog confirmed (and eliminated) Pokémon NFTs. They appear to be growing a cloud infrastructure that makes use of blockchain know-how to handle bugs, hacks, and duping whereas enabling transfers between suitable video games—one thing that’s already potential with Pokémon Dwelling,” one other person highlighted.

    However, the correction didn’t quell hypothesis that Parasol could also be concerned in growing new options for Pokémon. 

    SUI Price Performance
    SUI Worth Efficiency. Supply: BeInCrypto

    The SUI value has fallen nearly 3% within the final 24 hours. As of this writing, it was buying and selling for $3.47.

    ProShares XRP ETF Rumors

    Including to the record of hypothesis this week in crypto, rumors unfold that the US SEC (Securities and Trade Fee) had authorised a ProShares XRP ETF (exchange-traded fund).

    Nonetheless, BeInCrypto shut down these claims, articulating that the approval was for ProShares’ Leveraged and Brief XRP Futures ETFs. ETF analyst James Seyffart additionally supplied additional readability, deeming the allegations false.

    “UPDATE: Lots of people posting/reporting that ProShares shall be launching XRP ETFs on April thirtieth. We’ve confirmed that this isn’t the case. We wouldn’t have a confirmed launch date but however we consider they may launch — and sure launch within the quick or presumably medium time period,” Seyffart defined.

    ProShares launched three futures-based ETFs: the Extremely XRP ETF, the Brief XRP ETF, and the Extremely Brief XRP ETF. This growth adopted the launch of Teucrium’s 2x Lengthy Day by day XRP ETF in early April. 

    ProShares’ XRP Futures ETF Sparked Optimism

    In the meantime, the approval of ProShares XRP futures ETF sparked optimism, inspiring sentiment {that a} spot XRP ETF can be subsequent.

    Based on forecasts by trade professional Armando Pantoja, the transfer might result in substantial capital influx into the altcoin.

    “A spot XRP ETF could possibly be subsequent, unlocking actual demand and sending costs hovering. $100 billion+ might quickly flood into XRP,” he wrote.

    Pantoja acknowledged that the approval marked a major turning level for the trade, increasing XRP’s investor base. 

    This optimism got here as ProShares XRP futures ETF had already attracted vital consideration from Wall Road and institutional traders. 

    The approval cleared the runway for the XRP ETF, granting Ripple’s token a regulated and accessible avenue for main monetary gamers to interact. 

    “Futures ETF = first domino. Spot ETF = the tipping level. XRP’s long-term setup simply acquired means stronger,” Pantoja remarked.

    One other analyst was extra measured amid heightened optimism, noting that the futures ETF was not the game-changer many would possibly anticipate. 

    “It’s not the silver bullet that can set off mass adoption or large value motion. The actual catalyst will come when a Spot XRP ETF will get authorised. Actual tokens. Actual demand. Actual market affect,” John Squire posted.

    SEC Delays XRP ETF Choice

    So as to add to the record of developments within the XRP ecosystem this week in crypto, the US SEC delayed its determination on a potential XRP ETF till June 17.

    Earlier than this information broke, crypto market individuals awaited the ultimate determination of XRP, Dogecoin (DOGE), and Ethereum staking ETFs. Nonetheless, these have been all postpone.

    “These dates are all intermediate and we’ll doubtless see ultimate choices on quite a lot of the crypto ETPs in This fall. For the XRP spot ETF, [I am] eyeing mid-October, across the 18th, as a ultimate determination deadline. It’s potential the SEC gained’t take all that point to make its determination, however rather a lot will hinge on how actively they interact on the purposes,” Seyffart defined.

    For now, over 70 lively ETF proposals await the securities regulator’s verdict. XRP ETF’s June deadline just isn’t ultimate, however the fee might nonetheless enact additional delays till mid-October.

    In the meantime, information from Polymarket exhibits that bettors see a 34% likelihood that the monetary instrument shall be authorised by July 31.

    XRP ETF approval odds
    XRP ETF approval odds. Supply: Polymarket

    On the identical time, they see a 79% likelihood this monetary instrument shall be authorised by December 31 as of this writing.

    Disclaimer

    In adherence to the Belief Challenge tips, BeInCrypto is dedicated to unbiased, clear reporting. This information article goals to offer correct, well timed data. Nonetheless, readers are suggested to confirm info independently and seek the advice of with knowledgeable earlier than making any choices primarily based on this content material. Please observe that our Phrases and Circumstances, Privateness Coverage, and Disclaimers have been up to date.



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