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Assad flees Syria as rebels seize Damascus

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Syrian President Bashar al-Assad has resigned and fled the country, according to the Russian foreign ministry, after a stunning offensive by rebels who seized the capital city of Damascus on Sunday.

Amid scenes of jubilation in the streets, the rebels proclaimed that “the city of Damascus is free from the tyrant Bashar al-Assad” and that “Assad has fled” after various factions encircled the capital from the north and the south.

“The future is ours,” said Abu Mohammad al-Jolani, the leader of the triumphant Hayat Tahrir al-Sham Islamist group, in a statement read out on Syrian state television.

“There is no going back,” Jolani added, referring to the start of the revolt more than a decade ago.

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On Sunday, the foreign ministry of Russia, a longtime backer of the Assad regime, said the Syrian president had resigned, left the country, and ordered a peaceful transition of power after the fall of Damascus.

The spectacular collapse of the Assad dynasty, which has ruled Syria for 50 years, marked an ignominious end after a lightning 12-day offensive led by HTS.

The group, which was once an affiliate of al-Qaeda, rocked the country by seizing Aleppo, Syria’s second city, within 48 hours and then marching south towards the capital.

Regional officials suspect Assad fled to either Russia or the United Arab Emirates, the first Arab state to re-engage with Damascus after Syria was isolated following the eruption of its civil war.

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“Assad is gone,” US president-elect Donald Trump posted on his Truth Social network. “Russia, led by Vladimir Putin, was not interested in protecting him any longer.”

In a statement that did not mention Assad, the Syrian foreign ministry marked what it called “a new page in Syrian history” and referred to “a national oath and covenant that will bring all Syrians together”.

Israeli Prime Minister Benjamin Netanyahu hailed a “historic day in the annals of the Middle East”, as he argued that his country’s attacks on Iran and the Lebanon-based Hizbollah militant group had set off a “chain reaction” throughout the region.

He added: “We extend a hand of peace to our . . . neighbours who want to live in peace with Israel.”

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The US, which keeps about 900 troops in Syria to assist local forces against Isis, said it maintained “the inherent right of self-defence and will take necessary steps to protect our service members deployed to the region”.

The collapse of the Assad regime was met with joy in Damascus. On Sunday, near the city’s Umayyad square, the streets were littered with thousands of bullet casings — remnants of celebratory gunfire that had not stopped since the morning.

“I can’t believe it. Everyone is in the street, everyone is shouting,” said Abdallah, a Damascus resident. “It’s something historical. No one has suffered as much as the Syrian people.”

Videos sent to the Financial Times by a Damascus resident showed people inside the presidential palace, rummaging through rooms and smashing pictures of the Assad family.

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A man dressed in civilian clothing appeared on Syrian state TV on Sunday morning declaring that the rebels had “liberated” Damascus and released detainees from “regime prisons”.

But while the news sparked celebrations across Syria, it will also usher in a period of huge uncertainty for a nation shattered and fragmented after 13 years of civil war, and for the wider region.

The country borders Turkey, Israel, Jordan, Iraq and Lebanon. HTS has been working with Turkish-backed rebels who operate under the umbrella of the Syrian National Army.

However, Syria is home to myriad factions and the degree of co-ordination between them all is unclear.

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Turkey’s foreign minister Hakan Fidan hailed the end of the Assad regime on Sunday, but also warned that Ankara was concerned that “Isis and other terrorist organisations . . . will take advantage of this process”.

His comments were a reference to Kurdish militants backed by the US as a bulwark against Isis, but seen by Ankara as a threat on its border.

Fidan added that Turkey was in touch with Washington on the issue. “Access to chemical weapons should be blocked,” he said. “The new administration should unite all the people.”

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An Arab diplomat said regional powers, including Saudi Arabia, Iran, Iraq, Turkey, Jordan, Russia and Qatar, had held talks in Doha late on Saturday and agreed to co-ordinate efforts and focus on stabilising the situation.

As rebels entered the palace in Damascus, Syrian Prime Minister Mohammad Ghazi al-Jalali said he was ready to work with any leadership chosen by the people and called for unity.

“We are ready to co-operate and all the properties of the people and the institutions of the Syrian state must be preserved,” he said. “They belong to all Syrians.”

Multiple explosions were heard in the city at about 4:30pm on Sunday, with large plumes of black smoke rising above it. At least some of the strikes, whose origins were unknown, hit the Syrian security complex, according to Al Jazeera.

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There was no official statement by the Syrian presidency, the military or state media about Assad or the situation in the country.

Assad, a London-trained eye doctor, had ruled Syria since 2000, when he succeeded his late father Hafez al-Assad. The civil war broke out in 2011 after his forces brutally sought to put down a popular uprising.

He managed to cling to power with the backing of Iran and Russia, which provided vital air power. His regime had regained control over most of the country in recent years.

But he presided over a hollowed-out, bankrupt state and even many among his own Alawite community appeared to have given up on the regime after years of conflict and economic hardship.

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When HTS mounted its offensive on November 27, regime forces seemed to melt away, while Russia, Iran and Hizbollah, the Lebanese militant movement, were all distracted by their own conflicts.

Rebel fighters cheer from the back of a pick-up truck in Damascus © Louai Beshara/AFP/Getty Images

“Russia and Iran are in a weakened state right now, one because of Ukraine and a bad economy, the other because of Israel and its fighting success,” Trump posted, calling for “an immediate ceasefire and negotiations” to end the Ukraine war.

The rebels’ success is a humiliating blow to Iran, whose support for Assad had given it a “land bridge” across Syria to Lebanon, home to its most important proxy, Hizbollah.

On Sunday, Iran’s foreign ministry urged respect for Syria’s “territorial integrity” and called for “an immediate end to military conflicts” in the Arab state, according to an official statement.

It is also a setback for Russia, which gained access to air and naval bases on the Mediterranean after intervening in the war in 2015.

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On Sunday, Russia said its military bases in Syria were “on high alert”. Moscow said there was “no serious threat to their security”, but Russian military bloggers said it was preparing to evacuate its Khmeimim air base and its naval base in Tartus.

John Foreman, a former UK defence attaché in Moscow, said the bases’ loss would be “a major strategic reversal” for Russia.

He added that without them it would be “harder for the Russian navy to maintain an enduring maritime presence in the Mediterranean or Red Sea to challenge Nato”.

Additional reporting by Max Seddon in Berlin, John Paul Rathbone in London and Neri Zilber in Tel Aviv

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Mexico Rushes to Help Stranded Migrants After Trump Shuts Down the CBP One App

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Mexico Rushes to Help Stranded Migrants After Trump Shuts Down the CBP One App

The Mexican government has announced the Mexico Embraces You program, which includes economic and social services for Mexicans deported from the United States. This measure is in response to the strict immigration policy that President Donald Trump announced on January 20, and which has already begun to materialize with the closure of the CBP One app.

CBP One was launched in 2020, allowing foreign vendors to schedule cargo inspections. In 2023 the Biden administration expanded its functions to include unauthorized migrants seeking asylum. This Monday, on Inauguration Day, an order from Donald Trump put an end to the program, and thousands of scheduled appointments were canceled.

Rosa Icela Rodríguez, head of the Ministry of the Interior (SEGOB), unveiled the project during the morning conference of Mexico’s president, Claudia Sheinbaum. Rodríguez explained that the strategy includes economic support of 2,000 pesos (about $100) for Mexican citizens who lack the resources to return to their communities of origin. This support will be delivered through the new Bienestar Paisano Card.

Federal authorities add that the plan is designed to allow Mexican migrants to join existing social programs, which include pensions for senior citizens and people with disabilities, scholarships for elementary and high school students, and the initiatives Sembrando Vida, Mujeres con Bienestar, Jóvenes Construyendo el Futuro, and Salud Casa por Casa.

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Repatriated Mexicans will be affiliated with the Mexican Social Security Institute. The program will grant them access to insurance for sickness and maternity, work risks, disability and life, retirement, and for severance in advanced age and old age. They will also be able to enjoy all social benefits and childcare services provided by the Social Security Law. The benefits will extend to the spouses or partners, children, and parents of the deportee.

Rodriguez adds that Mexicans expelled from the United States will also receive legal advice to help them obtain documents of identification, such as birth certificates, voter’s credentials, and the Clave Única de Registro de Población (Unique Population Registry Code). They will also have access to social housing support provided by the Ministry of Agrarian, Territorial, and Urban Development and by the National Workers’ Housing Fund Institute (Instituto del Fondo Nacional de la Vivienda para los Trabajadores).

The SEGOB has trained public servants from the governments of Baja California, Sonora, Chihuahua, Coahuila, Nuevo León, Tamaulipas, Chiapas, Guerrero, Oaxaca, Puebla, Michoacán, Guanajuato, State of Mexico, Sinaloa, and Jalisco for the proper implementation of the Mexico Embraces You plan. It claims to have coordinated efforts with the Human Rights Commission and the Business Coordinating Council.

Trump’s Possible Mass Deportations

Donald Trump confirmed in his inaugural address that he will declare a state of emergency on the Mexican border to stop what he called “an invasion by illegal intruders.” He has promised to act “with historic speed and force.” His statements have begun to take effect.

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US Customs and Border Protection has confirmed that features of the CBP One mobile app that allowed undocumented immigrants to submit information in advance and schedule appointments at eight southwest border ports of entry are no longer available. The agency added that appointments scheduled through the app have been canceled.

The app was launched in 2021 to streamline immigration flow and processes in the border region. The tool was designed to serve undocumented migrants from central and northern Mexico and “avoid border pressure from those arriving seeking asylum,” according to Mexican authorities.

Sheinbaum anticipated its closure in a statement from the SEGOB, published before Trump’s inauguration. She said that “this application has helped migrants not have to go to the northern border to wait for asylum. We are going to propose that this application or other related ones be allowed.”

Juan Ramón de la Fuente, secretary of foreign affairs, announced the creation of the ConsulApp platform. The system will have three essential functions: alerting the nearest Mexican consulate to initiate legal assistance in real time, notifying family members or trusted contacts selected by the migrant about his or her legal situation, and directly warning the Foreign Ministry, which will supervise compliance with due process.

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The Mexican president emphasized that migrants are essential to the economy, and reaffirmed her support to Mexican nationals through the 53 consulates throughout the United States.

This story originally appeared on WIRED en Español and has been translated from Spanish.

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Solana price rallies to $272, but what will it take for SOL to hit new highs?

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Solana rallied by 7% on Jan. 22, but a few data points suggest a move to SOL’s all-time high could take longer than expected.

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Xbox beta tests support for massive amounts of external storage

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Xbox beta tests support for massive amounts of external storage

Xbox has a new beta software update rolling out today for Insiders in the Alpha Skip-Ahead ring that enables Series X and S systems to support much larger external hard disks. Previously, the Xbox could only support up to 16TB of space on a single USB-connected drive.

With the new update, Xbox systems can now partition hard disks larger than 16TB into segments to use the full physical storage space. A single 24TB hard disk can now be formatted into multiple partitions (the largest still being 16TB) so you can archive more games, apps, and media than ever — if that’s something you’ve wanted to do.

However, if you have already been using a hard disk greater than 16TB with Xbox, the company says you’ll need to erase it first to take full advantage:

Drives greater than 16TB that have already been formatted will be unaffected by this change and would need to be reformatted to take advantage of the updated support for larger drives.

Although you still can’t play current generation games directly off an external drive, it can be useful to back up all of your installs anyway, or games made for older systems. You won’t need to redownload entire titles such as the 300GB-plus Call of Duty: Black Ops 6 using an internet connection when you feel like playing it again after a hiatus, unless they need an equally-sizable update.

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Xbox is also releasing an update that enables new network quality indicators for cloud gaming sessions to tell you if your connection is slow and affecting your gameplay. They will appear in red bubbles on the upper right side of the screen, telling you what is happening, such as packet loss or increased ping, which can help you troubleshoot your connection.

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UK house prices set to rise in these 10 regions in 2025 – is your area on the list?

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UK house prices set to rise in these 10 regions in 2025 – is your area on the list?

House prices are set to rise across the UK in 2025, with average prices rising by £5,992.

Zoopla’s study of 120 postal areas shows significant differences in growth potential in different regions, based on affordability, selling speed, and price cuts.


The analysis shows Scotland dominating the rankings, claiming nine of the top ten spots for projected house price growth in 2025.

Motherwell leads the Scottish surge, with house prices already increasing by 3.8 per cent and averaging £129,000 in the postal area.

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The dominance of Scottish markets is attributed to homes being among the cheapest in the UK compared to incomes, coupled with faster selling times due to Scotland’s distinct property sales system.

Even when removing the selling speed factor from rankings, Scottish areas still secure eight out of ten top positions.

Property house prices

The top five UK housing in England

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Richard Donnell, executive director at Zoopla, explained that while Scotland shows the strongest outlook, there is “a spread right across the UK reflecting the demand for and affordability of homes.”

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The top five UK housing markets are concentrated in Eastern Scotland, clustered around Glasgow:

  • Following Motherwell’s lead position, Glasgow ranks second with average prices of £157,764 and 2.9 per cent growth.
  • Paisley takes third place, with homes averaging £134,472 and showing 1.3 per cent growth.
  • Falkirk and Kirkcaldy round out the top five, with average prices of £164,106 and £164,694 respectively.
  • Falkirk is showing particularly strong momentum with 3.5 per cent growth, while Kirkcaldy follows closely at 3.3 per cent.

Aberdeen stands as a notable exception to Scotland’s success, struggling due to reduced investment in its oil and gas sector.

The top five UK housing in England:

  • Newcastle leads the markets with the strongest growth prospects, with average prices of £163,578 and 2.1 per cent growth.
  • Leeds follows closely in second place for English markets, with homes averaging £221,636.
  • Stoke-on-Trent, Wigan, and Carlisle complete the top five English prospects, with Wigan already showing impressive growth of five per cent annually.

Wolverhampton stands out as the sole West Midlands representative among the top performers, with house prices at £201,000 – 13 per cent below the regional average.

These northern areas benefit from housing affordability below the national average, creating room for price growth as local economies expand.

LATEST DEVELOPMENTS:

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The areas with the lowest rankings for 2025 are concentrated in inner London and Southern England.

Central, South West, North West and West London sit at the bottom of rankings, with average house prices exceeding £635,000 – more than double the UK average.

The West Central London postal area ranks lowest, with average prices of £850,357 and properties taking 52 days to sell. Coastal towns in Southern England, including Bournemouth and Torquay, also feature in the bottom ten markets.

However, some London areas fare better, with Sutton in outer South London showing stronger performance, taking just 33 days to sell properties.

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Despite lower rankings, Zoopla notes London’s prospects have improved compared to recent years.

Donnell said: “The housing market returned to growth in 2024 with more sales and higher prices as mortgage rates fell. We expect average UK house prices to increase by 2.5 per cent in 2025.

“Value for money is slowly returning to the London property market after a decade of below-average growth so while many London areas are towards the bottom of the rankings the prospects in London are much improved on those over recent years.”

Donnell advises sellers to consider local market conditions when pricing their homes in 2025.

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Brussels proposes extending EU banks’ access to UK clearing houses

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Brussels has proposed extending EU banks’ access to UK derivatives clearing houses for another three years in a victory for the City of London.

The European Commission on Wednesday announced it had tabled a new so-called “equivalence decision”, which would allow banks and other financial institutions in the bloc to use some of the world’s most critical market utilities in London until June 2028.

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EU politicians have sought to capture the lucrative euro-denominated clearing industry since the Brexit vote in 2016 but have accepted its financial system still depends on the UK, which dominates the global business of derivatives clearing.

Clearing houses reduce market risk by standing between two parties in a trade.

London frequently handles deals nominally worth around $3.5tn a day. It is a global centre for trading interest rate derivatives and Brent crude oil, with clearing of deals handled at London Stock Exchange Group’s LCH and at Intercontinental Exchange.

European derivatives traders had lobbied hard to extend the City’s permit, which expires on June 30 after three years. Member states have five days to object to the commission’s proposal to let it run until June 2028, but such opposition was highly unlikely, officials said.

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The commission said UK-based clearing houses were vital to its plans to build a single market in savings and investments.

“Two [clearing houses in the] UK have been identified by the European Securities and Markets Authority as systematically important for the EU’s financial stability,” said Olof Gill, spokesman for financial services, referring to LCH and ICE.

“An extension of the equivalence decision is therefore needed to avoid any risks to our financial stability in the short term, and give certainty and clarity to EU financial market participants,” he added.

But he added that Brussels was committed to building up a rival industry. Last year it approved an updated European Market Infrastructure Regulation that will oblige EU banks to hold “active accounts” at EU-based clearing houses for some products, and if users cross minimum thresholds in others.

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The regulation “contains measures that will improve the attractiveness and competitiveness of EU clearing markets. This will help reduce in the medium term the EU’s overreliance on UK clearing houses,” said Gill.

Pascal Kerneis, of the European Services Forum, which represents services companies trading internationally, welcomed the move.

“It will give a clearer perspective to operators in the EU financial market in the medium term.

“This will also give a good political signal for a proper ‘reset’ of the EU-UK relationship,” he said.

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The two sides have begun talks to improve trade ties. UK chancellor Rachel Reeves met her EU counterparts in December and called for them to drop barriers to City firms. She said they could boost EU growth by funnelling international investment to the bloc.

Clearing is the only part of financial services that has been granted equivalence since Brexit.

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AngelList, CoinList partner to help crypto startups raise and manage funds

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short stack of gold coins, with one standing on edge

Crypto is making such a big comeback that AngelList and CoinList are launching a way to help raise capital for crypto-specific founders using crypto coins.

They are teaming up to launch Crypto special purpose vehicles  (SPVs) and Crypto roll-up vehicles (RUVs), the companies shared with TechCrunch exclusively on Wednesday.

The partnership, they said, will give users a way “to raise with syndicates and manage crypto startup investments the crypto way.” Syndicates are a group of companies or individuals that work together to jointly manage a large financial transaction.

AngelList said the users will be able to fund Crypto SPVs (Special Purpose Vehicles) in stablecoins – currently for a $0 fee. 

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“Investors can fund with USDC, which is easier for crypto investors who don’t operate via banks,” said CoinList CEO Raghav Gulati. USDC is the term for a digital dollar, also known as a stablecoin, that can be redeemed 1:1 for US dollars as it is pegged to the dollar.

Tokens can be distributed in kind to LPs and are compatible with “many non-US token issuers and investors.” An integration with CoinList’s software is “coming soon,” the companies said.

“The model is significant because investors receive tokens once they are available, instead of receiving cash returns, which is aligned with the crypto ethos of stakeholder participation and self-ownership of assets,” Gulati told TechCrunch.

The Crypto Roll-Up Vehicles are designed to collect investments that a founder has raised for a particular round. The advantage, the companies said, is that startups don’t have to worry about “managing compliance for many stakeholders” at an early stage.

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“Crypto startups often seek to bring on many angel investors. With RUVs, dozens of angels who need to sign paperwork, send money, and get proper reporting on an ongoing basis can do so with AngelList Crypto RUVs,” Gulati said.

Crypto’s acceptance in the mainstream investor world where AngelList belongs, wavered during crypto winter. That’s when all things Web3 fell out of favor and industry bigwigs like Sam Bankman-Fried and Binance founder Changpeng Zhao were sentenced to jail.

But between bitcoin hitting record highs and the Trump administration’s clear interest in it, crypto is poised to come back in vogue in broader tech circles.

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3 altcoins below $10 with potential to turn $600 into $10,000

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3 altcoins below $10 with potential to turn $600 into $10,000

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Analyzing three altcoins with the potential to turn $600 to $10,000, with Rexas Finance leading the way.

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Investors seek high-growth altcoins as the crypto market heats up. Three coins stand out for their potential: Rexas Finance (RXS), Cardano (ADA), and Fartcoin (FARTCOIN). Crypto watchers suggest these under $10 coins can turn $600 to $10,000 like XRP and Dogecoin.

Rexas Finance

The trending blockchain platform Rexas Finance looks to simplify real-world asset (RWA) tokenization. 

Rexas Finance will tokenize real estate, art, and commodities for digital trading. This will allow fractional ownership and increase liquidity in illiquid markets, opening up opportunities to more investors.

Rexas Finance has achieved remarkable success in its presale. The project has raised $41.5 million, with over 427 million RXS tokens sold across all presale phases. RXS holders recently voted for a further presale stage, advancing the initiative to Stage 12. This decision is consistent with the project’s growing momentum and increased community support. 

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Offered at $0.20, the additional stage also helps the platform maintain competitive token pricing, allowing early investors to optimize their earnings. 

Another attractive element of Rexas Finance’s utility network is its platform’s tools, such as the Rexas Token Builder, which will make token production simple even for non-technical users. The Rexas QuickMint Bot will enable instant token creation directly on chat platforms. These features reduce the barriers to entry for users in the digital asset market, creating new opportunities for enterprises and individuals alike. Rexas Finance will also include complex AI technologies, such as Rexas GenAI, which will allow for the easy production of unique NFTs.

Rexas Finance has gained further attention for its ongoing $1 million giveaway, in which the top 20 entrants will each receive $50,000 worth of RXS. This offer gives participants chances for considerable value and serves as a tool for raising platform awareness and adoption rates. 

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After the presale and all stages are finished, RXS plans to debut on at least three of the top ten global cryptocurrency exchanges. The official listing is set for June 19, 2025, at $0.25 per RXS. Analysts foresee a huge price increase that might result in over 100x gain for early investors.

Cardano

Cardano’s recent 15% surge has rekindled interest. Its market cap is $34.79 billion, and its price is $0.98. 

Proof-of-stake consensus and formal verification have distinguished Cardano from other platforms. The blockchain also contains multiple DeFi applications and is undergoing considerable modifications to boost adoption. 

Technical indicators suggest Cardano could surpass $2 in 2025. With its double-bottom base pattern, renowned traders like Peter Brandt are optimistic about ADA’s rally.

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Fartcoin

Fartcoin has surged over 50% in the past week. The coin was conceived from the Truth Terminal AI trend. It benefits from the popularity of AI meme coins, which have grown significantly in recent weeks. 

Currently trading at $1.80, the coin recently hit a new all-time high of $2.61. While Fartcoin is speculative and lacks the technical infrastructure of Cardano, it has potential in the meme coin market. 

With President Trump launching his own meme coin, this niche might thrive, putting FARTCOIN among coins under $10 to watch in 2025.

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Conclusion

As the cryptocurrency market heats up, Rexas Finance, Cardano, and Fartcoin offer investors unique opportunities. With its asset tokenization method, successful presale, and impending exchange listings, Rexas Finance could lead the way. Cardano is strong among smart contract platforms while Fartcoin capitalizes on meme coins.

For more information about Rexas Finance, visit their website, giveaway, X or Telegram.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

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Schlosstein Says Fed Becoming Less Important to Markets

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Ralph Schlosstein, chairman emeritus at Evercore, discusses the outlook for financial markets under the Trump administration. Speaking on “Bloomberg The Close,” Schlosstein also comments on the market impact of AI and what he sees are the risks to equities. (Source: Bloomberg)

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What’s Behind Ripple’s (XRP) 5% Price Surge in Minutes?

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Why Is Ripple's (XRP) Price Up 13% Daily to Monthly High?

TL:DR;

  • Cryptocurrency prices tend to react positively to favorable news and developments coming from big names, especially if they are outside the industry.
  • XRP’s case from the past hour or so was another confirmation of this narrative, as the asset jumped by 5% in the timeframe.
XRPUSD. Source: TradingView
XRPUSD. Source: TradingView

The news in question came from one of the most prominent US-based derivatives marketplaces, the Chicago Mercantile Exchange. Reports from SynopticCom indicated that the Illinois-based global giant had added two of the top 10 cryptocurrencies by market cap – XRP and SOL – to its 2025 agenda.

Moreover, the page reads that futures trading for both assets will begin on February 10 if the products receive the necessary regulatory green light.

Although the CME Group’s team is yet to make this announcement public, the report had an immediate impact on the prices of the underlying assets.

XRP, the third-largest cryptocurrency by market cap, had declined to $3.13 ahead of the news going live but jumped by about 5% within minutes to just over $3.28. It has retraced since then slightly, but it’s still 10% up in the past week and close to the 2018 all-time high of $3.4.

SOL, which has been on a roll since the Trump meme coin mania that started last Friday, went from under $255 to $270 within the same timeframe. Solana’s native token charted an all-time high during the weekend at over $290.

The post What’s Behind Ripple’s (XRP) 5% Price Surge in Minutes? appeared first on CryptoPotato.

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Amazon’s ‘flywheel’ created a $2.4 trillion company — Netflix’s blowout earnings show how the streaming company is replicating the tactic

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More subscribers equal more revenue, which leads to more content investments, which lead to more engagement, which leads to more subscribers once again. And that’s before the ad business really starts clicking. Read More

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