Cryptocurrency
Kazakhstan eyes crypto banks to boost digital asset ecosystem: report
Kazakhstan is exploring the creation of crypto banks as part of its effort to build a robust digital asset ecosystem.
The proposed institutions would offer services like digital asset exchange, storage, and transaction support in a regulated framework, according to The Astana Times.
This sentiment was expressed by Prime Minister Olzhas Bektenov in a response to Parliament on April 25.
These functions are already being partially handled by entities under the Astana International Financial Centre, including cryptocurrency exchanges, custodians, brokers, and digital asset platform operators.
The government aims to expand these capabilities through upcoming legislative amendments designed to liberalize the circulation of digital assets and open access to a broader range of platforms.
In January, Kazakhstan announced plans to expand its legal crypto operations. President Kassym-Jomart Tokayev called for urgent infrastructure improvements to support the digital asset sector. He noted that most crypto users operated in a “gray zone,” with only 5% using regulated platforms.
Crypto banks and innovation
According to Bektenov, crypto banks will not only support digital asset transactions but also enhance transparency and compliance with anti-money laundering and counter-terrorism financing requirements.
They are expected to play a key role in digital asset projects and promote innovation in blockchain and IT sectors.
Bektenov emphasized that introducing crypto banks would increase Kazakhstan’s investment appeal and demonstrate the maturity of its financial infrastructure within the decentralized finance space.
The move is also expected to create demand for new talent, particularly in compliance, blockchain analytics, and AML roles, while improving liquidity for both fiat and digital currencies in the AIFC.
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Crypto analyst Egrag Crypto has made a bold prediction that the XRP price can hit a $1.5 trillion market cap. He revealed how the altcoin can achieve this milestone by alluding to technical indicators, which show the measured move from this current market cap to a $1.5 trillion market cap.
How The XRP Price Can Reach $1.5 Trillion Market Cap
In an X post, Egrag Crypto stated that the Logarithmic move could send the XRP price to around $1.5 trillion market cap, exceeding the Fib 1.618 by approximately $500 billion. Meanwhile, the Non-Logarithmic move will put the altcoin at around $270 billion, aligning with the Fib 1.618.
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The crypto analyst remarked that he sees two potential growth levels by measuring the previous cycle, the move from Fib 1.0 to Fib 1.618. Based on this, he predicts a 242% increase and a 600% increase. He then highlighted the four possible targets from the lowest to the highest. The first is the projected XRP price rally to a $270 billion market cap in line with the non-logarithmic measured move.
The second target is a 242% XRP price rally to a $450 billion market cap, backing the previous cycle’s move from Fib 1.0 to Fib 1.618. The third target is another 242% rally to a $978 billion market cap. Meanwhile, the rally to a $1.5 trillion market cap is the last target, with the Non-Log W pattern measured move for maximum potential.
Egrag Crypto highlighted what the XRP price could be based on its current circulating supply of 58.68 billion if it reaches these market cap targets. The altcoin’s price will be $4.60, $7.66, and $16.65 if it reaches the $270 billion, $450 billion, and $978 billion market caps, respectively. Meanwhile, XRP will hit $25.56 if it reaches the $1.5 trillion market cap milestone.
Another Analysis To Support This Price Projection
In another X post, Egrag Crypto predicted that the XRP price can reach between $13 and $22 based on his analysis of the altcoin’s yearly chart. He stated that candle 13 will be the breakout candle, which will lead to the rally to $13 or $22, with the wick potentially extending even higher.
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He noted that by analyzing Candle 9, the 2021 yearly candle, and its full body move of an 800% gain, applying this increase to Candle 13 points to an XRP price target of around $17. He added that this aligns perfectly between Line 1 at $13 and Line 2 at $22. It is worth mentioning that Egrag Crypto has also predicted that the altcoin could rally to $27 in 60 days, aligning with the $1.5 trillion market cap projection.
At the time of writing, the XRP price is trading at around $2.28, down in the last 24 hours, according to data from CoinMarketCap.
Featured image from Getty Images, chart from Tradingview.com
Wall Street investment bank Cantor Fitzgerald Asset Management said it plans to launch a new fund that blends bitcoin
gains with a fallback anchored to gold.
The Cantor Fitzgerald Gold Protected Bitcoin Fund, which the firm said will be its first BTC-focused investment vehicle, is structured to provide investors uncapped exposure to bitcoin’s price rise while offering one-to-one downside protection based on the price of gold, according to the firm’s Thursday press release.
The fund is expected to open for investors in the next few weeks, and will run for five years, the firm said.
“There are still people on the Earth that are still scared of bitcoin, and we want to bring them into this ecosystem,” Brandon Lutnick, chairman of Cantor Fitzgerald, said on stage at the Bitcoin 2025 conference in Las Vegas. “I think it’s going to be one of the great products of the Earth.”
The move shows the investment giant is venturing deeper into bitcoin-related products as digital assets are becoming increasingly part of traditional markets. Earlier this week, Cantor said it opened its bitcoin lending business with first financing provided to crypto lender Maple and digital asset prime brokerage FalconX.
Read more: Wall Street Giant Cantor Debuts Bitcoin Lending Business With First Tranches to FalconX, Maple
Bitcoin Magazine
Ark Labs Launches Arkade, a New Native Operating System Using Bitcoin
Ark Labs has officially launched Arkade, a Bitcoin-native execution layer designed to unlock programmable financial applications using Bitcoin as it exists today. The announcement comes after a $2.5 million pre-seed funding round in August 2024, led by Tim Draper with support from Fulgur Ventures and Axiom.
Arkade aims to create a new way to build directly on Bitcoin, letting developers build fast and scalable apps—without needing sidechains, wrapped tokens, or any changes to the core Bitcoin protocol.
“Bitcoin is the world’s hardest, most secure asset, but it remains largely static,” said Marco Argentieri, CEO of Ark Labs. “Arkade virtualizes Bitcoin’s transaction layer, transforming it into a dynamic financial platform where operations happen instantly, programmability is unlocked, and users maintain full control of their assets throughout.”
Arkade is currently being tested on the Bitcoin network with early partners like Tether, Boltz, Breez, and Mempool.space already on board. Arkade maintains Bitcoin’s core security model and avoids alternatives like wrapped tokens or new consensus mechanisms.
Tim Draper, founder and managing partner of Draper Associates, noted: “Bitcoin is fast emerging as the world’s premier digital asset. Arkade’s virtualization approach finally brings the programmability Bitcoin needs to transform from a store of value into a permissionless financial system.”
Ark Labs says demand has been strong since January, with multiple projects requesting integration. The company plans to expand Arkade’s toolkit in the coming months, with support for BTC-collateralized lending, staking primitives, and multi-asset transactions. The launch is scheduled for Q3 2025.
“Bitcoin has always had to balance the desire to scale transaction throughput and complexity with conservatism regarding upgrades,” said Allen Farrington, General Partner at Axiom. “With this exceptionally high bar for worthwhile innovation, and amidst a sea of noise, Ark Labs is bringing to market what may prove to be the most important technical breakthrough in the space since the Lightning Network.”
You can watch the full keynote below.
This post Ark Labs Launches Arkade, a New Native Operating System Using Bitcoin first appeared on Bitcoin Magazine and is written by Jenna Montgomery.
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