Table of Contents:
XRP Surpasses Ethereum in Fully Diluted Valuation
According to TradingView, XRP has achieved a significant milestone by surpassing Ethereum in Fully Diluted Valuation (FDV). While Ethereum remains the second-largest digital currency with a market capitalization of $229.04 billion, XRP's FDV has reached $230.14 billion, overtaking Ethereum's FDV of $229.45 billion. This shift highlights the growing value of XRP when considering all outstanding tokens at the current market price. The ongoing Ripple v. U.S. SEC lawsuit and the potential approval of XRP ETF products could further influence this dynamic. For more details, visit TradingView's report at https://www.tradingview.com/news/u_today:4111fdafc094b:0-xrp-flips-ethereum-in-fully-diluted-valuation-here-s-implication/.
Ethereum Faces Leadership Challenges
Crypto.news reports that Ethereum's development is at risk due to a lack of clear leadership and vision. Harikrishnan Mulackal, a former Ethereum Foundation engineer, criticized the stalled progress in Ethereum's Virtual Machine (EVM) changes, citing constant disagreements among stakeholders. He suggested that Ethereum needs more decisive leadership and faster updates to avoid stagnation. Without these changes, Ethereum could face ossification, halting further development. Read the full analysis at https://crypto.news/ethereums-future-at-risk-without-clear-leadership-ex-engineer-warns/.
Russian Oil Firms Embrace Crypto for Cross-Border Payments
As reported by CryptoSlate, Russian oil companies are increasingly using Bitcoin, Ethereum, and Tether (USDT) for cross-border payments with China and India. This move aims to bypass Western sanctions and streamline transactions. These crypto-based trades reportedly amount to tens of millions of dollars monthly. Meanwhile, Russia's digital ruble project faces delays due to technical challenges and inadequate IT infrastructure among banks. For more insights, visit https://cryptoslate.com/russian-oil-firms-using-bitcoin-and-ethereum-for-cross-border-payments-with-china/.
Binance CEO Praises U.S. Crypto Policies
Yahoo Finance highlights Binance CEO Richard Teng's optimism regarding U.S. President Donald Trump's pro-cryptocurrency policies. Teng noted that the establishment of a national cryptocurrency reserve, including Bitcoin, Ethereum, XRP, and Solana, marks a significant shift in global financial strategies. He emphasized that this move could inspire other nations to adopt similar crypto-friendly policies. For the full story, check out https://finance.yahoo.com/news/binance-ceo-richard-teng-hails-213043951.html.
Ethereum Developers Prioritize Stability Over Speed
Blockworks reports that Ethereum's core developers have decided to delay the Pectra hard fork to May, opting for stability over speed. The new "Hoodi" testnet will replace the problematic Holesky testnet, allowing for more thorough testing. This decision aims to ensure the reliability of Ethereum's next major update while addressing concerns from staking infrastructure teams. Learn more at https://blockworks.co/news/ethereum-hard-fork-updates.
DeFi Sector at Risk Amid Ethereum Price Concerns
FXStreet warns that Ethereum's potential decline to $1,000 could pose significant risks to the DeFi sector. A drop in Ethereum's price could lead to reduced liquidity, lower total value locked (TVL), and diminished investor confidence. Currently trading at $1,920, Ethereum's performance remains critical for the stability of DeFi projects. For a detailed forecast, visit https://www.fxstreet.com/cryptocurrencies/news/ethereum-price-forecast-defi-sector-could-be-at-huge-risk-if-eth-declines-to-1-000-202503142225.
Sources:
- XRP Flips Ethereum in Fully Diluted Valuation, Here's Implication
- Ethereum’s future at risk without clear leadership, ex-engineer warns
- Russian oil firms use Bitcoin, Ethereum, USDT for cross-border payments with China and India
- Binance CEO Richard Teng Hails Donald Trump's Bitcoin Reserve, XRP, Ethereum, Solana Digital Asset Stockpile
- Ethereum core developers choose stability over speed
- Ethereum Price Forecast: DeFi sector could be at huge risk if ETH declines to $1,000
- Solana Inflation Reform Fails As Vote Ends In Defeat
- Solana Inflation Reform Effort Fails on SIMD-0228's Dramatic Final Voting Day
- Solana Forms Classic Cup-And-Handle Pattern – Analyst Predicts A Breakout To $3,800
- US House kills IRS DeFi broker rule, Solana won’t cut 80% inflation rate: Finance Redefined
- Solana governance sets new participation record outpacing past US presidential elections
- Solana-Based MMO 'Star Atlas' Aims for 2025 Launch After Surviving FTX Collapse and Financial Setbacks